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Eataly set for global expansion after $300 million cash injection

Inside Retail

Investindustrial said its investment will allow Eataly to retire debt and maximise financial flexibility to fund Eataly’s global expansion plans. The family of the founder, Oscar Farinetti, and other shareholders will maintain the minority 48 per cent stake. This year it anticipates turning over around $450 million.

Expansion 130
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Prada hires former Luxottica chief Andrea Guerra as new CEO

Inside Retail

After overseeing a successful turnaround since 2017 to reverse a slide in sales, Bertelli said a year ago he planned to hand over the reins of the group he leads with wife Miuccia Prada to their 34-year-old son Lorenzo. The post Prada hires former Luxottica chief Andrea Guerra as new CEO appeared first on Inside Retail.

Fashion 130
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What the bankruptcy of biotech darling Amyris means for the beauty industry

Inside Retail

Reliance on online marketing to drive gross sales has a non-win outcome, given the high cost ratio of clicks to product value that, pre-Covid, made sense but now isn’t as viable,” Widdison added.

Line 130
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Trillions in revenue and a million jobs: Unpacking JD.com’s 20-year roadmap

Inside Retail

The business got its first big break in 2003, during the SARS outbreak, when Liu saw an opportunity to capitalise on the burgeoning e-commerce sector and began selling products online to customers who were eager to avoid public spaces. It’s a 20-year plan, which is likely to cover multiple economic cycles.

Expansion 130
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China, digital and brand collabs: Here’s what’s next for Papinelle

Inside Retail

Founded by Renae James in 2003, Papinelle sells pyjamas and loungewear made out of natural fibres, such as organic cotton and silk, through a handful of its own stores in Australia and New Zealand and wholesale partnerships with Nordstrom and Dillard’s in the US. Global expansion and marketing. Brand collabs.

Boutique 130
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Central Group leads Selfridges buyout in US$5 billion deal

Inside Retail

The Canadian wing of the billionaire Weston family bought Selfridges for nearly 600 million pounds in 2003. The source said they plan to increase sales to 8 billion euros ($9.1 With Selfridges, they hope to build a luxury department store empire, complemented by an online business. Benko made a name for himself as a property investor.

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Unpacking the “murky” data behind the luxury spending boom

Inside Retail

The fact that some people are splashing out on $3000 handbags in the face of a recession doesn’t surprise Philip Corne, a board member for Camilla and Solbari, who was CEO of Louis Vuitton Australia from 2003-2016. “I I saw this developing in a really strong way during the period of the GFC,” he told Inside Retail.

Consumer 246