NEW YORK, United States — Amazon is postponing its major summer shopping event, Prime Day, until at least August and expects a potential $100 million hit from excess devices it might now sell at a discount, according to internal meeting notes seen by Reuters. The company also sees a risk to cloud computing sales in […]
Uniqlo Founder Resigns as SoftBank Board Member
TOKYO, Japan — SoftBank Group Corp said on Friday Tadashi Yanai, founder and CEO of Uniqlo parent Fast Retailing, would resign as external board member at the end of the month after 18 years to focus on his fashion business. An ally of SoftBank founder and CEO Masayoshi Son, the billionaire is one of only […]
French Fashion Designer Emanuel Ungaro Dies at 86
Emanuel Ungaro at an event in Italy in 2015 | Source: Pier Marco Tacca/Getty Images. PARIS, France — Designer Emanuel Ungaro, who trained with Spanish maestro Cristobal Balenciaga before becoming a fixture of the Paris fashion scene for four decades, has died at the age of 86, French media reported on Sunday. Ungaro, who retired […]
Browns 'Roaming Retail' Concept to Set Up Shop in Berlin
BERLIN, Germany — British luxury boutique Browns Fashion is planting a flag in Berlin. The multi-brand retailer has chosen the German city, known for its vibrant club culture and underground art scene, for the latest iteration of its Nomad project, an ongoing series of experiential retail pop-ups designed to amplify brand recognition among new audiences […]
The FT Names Jo Ellison Editor of ‘How to Spend It’
LONDON, United Kingdom — Financial Times Fashion Editor Jo Ellison is taking on a new role at the British newspaper: editor of its lucrative luxury supplement, How to Spend It, starting in September. Prior to joining the FT in 2014 as fashion editor and associate editor, Ellison was the features editor at British Vogue. She […]