Retail News
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Tesco Plc, the U.K.’s largest retailer, said any deals in China will be funded through its new joint venture with state-backed China Resources Enterprise Ltd.
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Marc Jacobs’s departure from Louis Vuitton to focus on an initial public offering of his own brand is set to provide a double boost for LVMH Moet Hennessy Louis Vuitton SA, the owner of both luxury fashion labels.
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Billionaire hedge fund manager Bill Ackman told his investors that he has reduced the risk on a bet that Herbalife Ltd. will collapse as an illegal pyramid scheme.
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The Silk Road website, before being shut this week by the U.S., was a cyber-bazaar of the criminal underworld that connected buyers and sellers of heroin, cocaine and hacking services. It combined EBay-style customer reviews and shipping tips with an open disregard for the law.
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