Japanese retailer Muji announced on Monday that its first Canadian flagship store will open on Vancouver’s Robson Street, on December 2. It's the largest store for the Japanese retailer outside of Asia.
Poshmark has raised $87.5 million in a funding round led by Singapore’s state investor Temasek Holdings, the online fashion retailer said on Tuesday, positioning the startup for overseas expansion in Europe and Asia.
Private equity firm Tengram Capital has announced it will acquire luxury skincare brand ReVive from Shiseido Americas Corporation and will bring on two key execs from its former Laura Geller New York team.
Ikea saw a sixth year of UK growth in the 12 months to August 31 with the retail giant’s sales up 5.8% to £1.814 billion. It also increased its market share by 0.5% and is targeting a share of 15% within 10 years.
Boden has finally opened its central London store with its debut in Chelsea also being the retailer’s first high street store. The sizeable space is in Duke of York Square, the shopping centre on the King’s Road.
Farfetch is seeing fast-rising sales but its losses have widened as it continues to invest in growth and sacrifice profit ahead of an expected US IPO. That’s the main message from the accounts that were filed this week.
London lost its top spot on a list of key cities for luxury store openings this year. The new review by Savills saw Paris back in the lead this time, but London, New York and Tokyo are top of many brand wishlists.
Wal-Mart Stores said on Monday it will offer Hudson’s Bay Co-owned department store chain Lord & Taylor dedicated space on its website, as it looks to make deeper inroads into the fast-growing online fashion business.