Zhang Peng | LightRocket | Getty Images Despite the economic shock of the coronavirus, analysts say China’s demand for luxury goods hasn’t waned much – and it’s drawing top brands from Hong Kong to the mainland. Consulting firm Bain estimated Chinese consumers accounted for about 35% of 281 billion euros ($317 billion) last year in global luxury
Sprinklr, the leading Customer Experience Management platform (CXM), today announced that L’Oréal, the world’s largest cosmetics company, is leveraging Sprinklr Modern Care, Modern Engagement and Sprinklr’s AI capabilities to provide an easy way for customers to get the personalized answers they need about any product, on any social media or messaging channel. In 2017, the
New Delhi: Walmart-owned e-commerce company, Flipkart, has invested Ts 260 crore to buy a minority stake in Arvind Youth Brands, the company said in a statement. Arvind Youth Brands is the recently formed subsidiary of Arvind Fashion and owns the Flying Machine brand. Through this investment, the Flipkart Group and Arvind Fashions will work collaboratively
Lucky Brand has negotiated a two-pronged primary asset purchase agreement, also known as a “stalking horse” bid, to sell its operating assets to SPARC Group LLC (SPARC), a jointly owned entity of Authentic Brands Group (ABG) and mall owner Simon Property Group, and Lucky Brand’s intellectual property assets to ABG-Lucky LLC, a newly formed subsidiary
In response to the unprecedented and evolving impact of the COVID-19 pandemic, the consumer packaged goods industry is focused on adapting supply chains, manufacturing and marketing to meet the rapid changes in demand. With shoppers easing into a new normal, CPG brands must prepare for consumers faced with financial difficulties, social restrictions and personal health
Box from Empathy Wines Empathy Wines Constellation Brands announced plans on Wednesday to acquire Empathy Wines, a direct-to-consumer vintner co-founded by entrepreneur Gary Vaynerchuk. Terms were not disclosed. Empathy, founded in 2019, has sold about 15,000 cases of its signature California-sourced wine and has amassed more than 2,000 subscribed customers, who purchase the product exclusively online.