Michael Kors
International News
Instagram introduces shopping feature for US users
Instagram has introduced shopping feature, Checkout, to cash on the ever-growing e-commerce space.A new 'Checkout' button for instant purchasing has been launched in a beta version of the app in the US with a limited number of businesses, according...
Retail
Global Retailers in India: Moves, leaps & hurdles
India’s enchantment with foreign brands is no secret but the wheel has now turned to a full circle. Today, it’s the foreign brands that are chasing the Indian consumers. India is poised to become the third largest consumer economy...
Fashion & Lifestyle
Michael Kors acquires Versace; to be renamed as Capri Holdings Limited
Michael Kors Holdings Limited, a global fashion luxury group, announced that a definitive agreement has been signed to acquire all of the outstanding shares of Italian luxury fashion house Gianni Versace S.p.A. for a total enterprise value of Euro...
Fashion
How grand brand launches pave way for a successful retail journey
Imagine a brand achieving a sale amounting to Rs 5 crore in just 12 hours from its launch. No, we are most certainly not making this up. This happened at Phoenix Marketcity, Bengaluru. The brand in discussion here is...
Fashion & Lifestyle
Michael Kors adopts fur-free policy
Michael Kors, a global fashion luxury group, has announced that it will no longer use animal fur in its products, with production being phased out by the end of December 2018.
“I am pleased to announce our company’s commitment to...
Fashion & Lifestyle
Michael Kors acquires Jimmy Choo for over US $1 billion
Fashion house Michael Kors has bought shoemaker Jimmy Choo for just over US $1 billion.
Under the terms of the transaction, Jimmy Choo shareholders will receive 230 pence per share, with an enterprise value of approximately US $1.350 billion. The...
Retail Hub
Ambience to introduce mall-in-mall for luxury goods, usher in many new brands: Benu Sehgal
Benu Sehgal, the power woman that turned around DLF Mall, Saket in just about six months when she was the Senior Vice President of DLF Utilities Limited and Mall Head of DLF Place, Saket has now taken the charge...
Fashion & Lifestyle
Michael Kors to shutter 100 to 125 full-price stores over two years
Michael Kors said Wednesday it will close 100 to 125 full-price stores over the next two years. The company had 827 retail locations as of April 1.
The closures are intended to improve profitability, Michael Kors said. The retailer anticipates...
Fashion & Lifestyle
America’s iconic brand Brooks Brothers forays on Tata CLiQ
Tata CLiQ Luxury, the Tata group’s multi-brand luxury e-commerce platform has announced the addition of America’s iconic clothing brand Brooks Brothers to its brand portfolio.
Tata CLiQ Luxury will host more than 500 curated styles from Brooks Brothers Main Line...
Retail
East India: The retail market of tomorrow
Some analysts may refer to east India as a relatively under-developed region in the context of retailing growth and evolution. However, this market has been on a growth trajectory since the turn of new millennium. The growth has been...
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Latest News
IKEA FY24 loss widens to Rs 1,299 cr, revenue up 4.5% to Rs 1,809.8 cr
Ikea India reported a loss of Rs 1,133 crore and its revenue from operations was at Rs 1,731.6 crore...
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