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Luxury group Richemont and e-commerce operator Alibaba have formed a joint venture that will see the launch of a new luxury retail platform for Chinese consumers.
Buying second hand clothes is nothing new, but the sector has been growing considerably thanks to the Internet.
Luxury group Kering has reported revenues for the third quarter of 2018 of €3.4 billion, which represents an increase of 27.6% on the figure for the same three months last year.
The share price of a number of European luxury groups fell sharply on October 4 after online reports of more stringent border checks on Chinese travellers bringing items into the country.
Balancing luxury design and cutting-edge engineering, the U.S. headquartered information technology solutions manufacturer announced a new Windows 10 laptop that aims to “reinvent the PCs”, and features 100% chrome tanned, full-grain leather.
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