Luxury brands at China turn to digital commerce
The trend for online shopping is viral in China
New digital strategies of luxury brands The luxury e-commerce trends in China has led to e-commerce luxury retails. In February, there was an announcement of collaboration between the Chinese online retailer JD.com and London-based luxury retailer Farfetch. This partnership will bring Chinese customers an opportunity to get access to more than 1000 high-end labels from UK. CEO of Farfetch reported that the retail firm was expecting to debut by the end of next month. Luxury e-commerce trend is also up across the board at Ralph Lauren. However, CEO of the company Patrice Louvet said that he need to carefully select the places that made sense for his label to live on in China. It is because Chinese customers often purchase small items like accessories online rather than mink coats. Famous luxury brands such as Saint Laurent, Louis Vuitton, Burberry and Alexander McQueen have operated their sites to expand their digital retail footprints in China. In the meanwhile, Tom Ford has worked with Alibaba's Tmall. Some other companies use WeChat - an ubiquitous app in China to get access to customers at this market. It is understandable that online luxury retail is a leverage for digital opportunities. Thus, high-end companies who want to develop well in China shoukd include e-commerce retail in their stratrgies to be more competitive in this market.Luxury brands at China turn to digital commerce
Funding Circle Makes History as Nondepository Institutions Secure SBA Lending Licenses After 40 Years
In a groundbreaking move, Funding Circle becomes one of the first nondepository institutions to receive an SBA lending license in 40 years. This historic win ushers in a new era for small business lending. Read more to uncover the details and implications.
In a groundbreaking move, Funding Circle becomes one of the first nondepository institutions to receive an SBA lending license in 40 years. This historic win ushers in a new era for small business lending. Read more to uncover the details and implications.
Read more
Secrets Revealed: How Swiss Private Banks Are Raking in Profits!
Discover the hidden wealth potential of Swiss private banks as they capitalize on the booming interest rate business. A recent study by KPMG reveals how these banks have significantly improved their earnings, presenting a lucrative opportunity for investors. Uncover the secrets to their success now!
Discover the hidden wealth potential of Swiss private banks as they capitalize on the booming interest rate business. A recent study by KPMG reveals how these banks have significantly improved their earnings, presenting a lucrative opportunity for investors. Uncover the secrets to their success now!
Read more
Cadence Bank Strengthens Core Banking with $904M Insurance Unit Sale
Cadence Bank strengthens its core banking business by selling its insurance unit for $904 million, enabling a more streamlined operation and enhanced focus.
Cadence Bank strengthens its core banking business by selling its insurance unit for $904 million, enabling a more streamlined operation and enhanced focus.
Read more
NatWest's Profit Downgrade: A Wake-up Call for the Financial World
Explore the impact of NatWest's profit downgrade on the financial world and gain insights into the challenges faced by this esteemed institution. Discover the critical changes shaping the broader banking industry.
Explore the impact of NatWest\'s profit downgrade on the financial world and gain insights into the challenges faced by this esteemed institution. Discover the critical changes shaping the broader banking industry.
Read more
Revolutionizing Treasury Management: Trovata partners with JPMorgan for Streamlined Account Balances Analysis
In a thrilling collaboration that promises to transform the way businesses handle their finances, enterprise cash management fintech Trovata has joined forces with JPMorgan.
In a thrilling collaboration that promises to transform the way businesses handle their finances, enterprise cash management fintech Trovata has joined forces with JPMorgan.
Read more
US Banks Under Increased Scrutiny: New Regulations Aim to Modernize Fair Lending Standards
U.S. regulators have announced tougher new rules to modernize fair lending standards, specifically targeting banks and their service to communities and geographies through online lending.
U.S. regulators have announced tougher new rules to modernize fair lending standards, specifically targeting banks and their service to communities and geographies through online lending.
Read more
Spanish bank Santander pours $250M into investment bank
Spanish bank Santander has taken a bold step to strengthen its corporate and investment banking division by allocating $250 million for growth initiatives over the next two years.
Spanish bank Santander has taken a bold step to strengthen its corporate and investment banking division by allocating $250 million for growth initiatives over the next two years.
Read more
Morgan Stanley Q3 Profits Fall 9% Amid Sluggish Dealmaking
Morgan Stanley witnessed a 9% decline in Q3 profits due to sluggish dealmaking. Read more to learn about the financial report and its implications.
Morgan Stanley witnessed a 9% decline in Q3 profits due to sluggish dealmaking. Read more to learn about the financial report and its implications.
Read more
European Banks Report Highest Profits Since Financial Crisis: Unlocking Success
European banks are experiencing their highest profits since the financial crisis, signaling success amidst a bleak global economic outlook. Explore margin pressure and deteriorating loans in this earnings season.
European banks are experiencing their highest profits since the financial crisis, signaling success amidst a bleak global economic outlook. Explore margin pressure and deteriorating loans in this earnings season.
Read more