Tag: luxury retailer
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Neiman Marcus invests $28 million in Chinese e-commerce luxury market
Top U.S. luxury retailer enters Asian e-commerce market in partnership with Glamour Sales Holding (HK) Top U.S. Luxury Retailer Neiman Marcus Group announced a non-controlling strategic investment in Glamour Sales Holding (HK), a privately held e-commerce company. This will be the company’s first move into the fast-growing luxury retail market in China. “We are taking…
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2012 will be the year in which Yoox gathers the fruit
Yoox CEO Federico Marchetti Expects Profitability to Increase in 2012 Italian internet mail order luxury retailer Yoox expects profitability to Increase in 2012. Yoox climbed 8.6 percent, the most in more than eight months, in Milan trading on Feb. 9 after reporting a 36 percent increase in 2011 revenue that exceeded analysts’ estimates. North America…
