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Retail

Zalando and Sephora announce prestige beauty tie-up

German fashion giant Zalando has teamed up with French beauty retailer Sephora for a new strategic partnership “to create the ultimate online prestige beauty destination” for Zalando’s millions of users. The tie-up will give Zalando shoppers access to Sephora’s assortment of several thousand beauty products from more than 300 prestige and...

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BusinessFeatured

LVMH Q1 revenues drop amid coronavirus crisis

LVMH Moët Hennessy Louis Vuitton recorded revenue of 10.6 billion euros (11.5 billion dollars) for the first quarter of 2020, down 15 percent compared to the same period in 2019 and down 17 percent on an organic basis. The company said, the Fashion & Leather Goods business group recorded a decline in organic revenue of 10 percent or 9 percent...

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