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LVMH and Marc Jacobs Launches First Online Flagship Store in China

VIPLUX, the flagship luxury channel dedicated to international luxury and premium brands on vip.com, announced the formal opening of US fashion luxury brand Marc Jacobs’ only authorized online flagship store in China. This is Marc Jacobs’ first flagship presence in China’s e-commerce world. From today, the 300 million members of vip.com will have the exclusive opportunity to buy the luxury brand’s new 2017 autumn and winter product …

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Alibaba Makes Key Investment to Strengthen Retail Strategy

Alibaba Group Holding Limited has announced that as a further step to implement its new retail strategy, the company has agreed to make an additional investment of $807 million to increase its ownership of Cainiao Smart Logistics Network Limited, the logistics affiliate of Alibaba, to a majority stake of 51%. Alibaba also announced its intention to invest $15.2 billion over …

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Lazada Group raises $1 billion equity investment from Alibaba

Lazada Group, Southeast Asia’s largest e-commerce site, has raised $1 billion in equity funding. The transaction will increase Alibaba’s total investment in Lazada to over $2 billion. The investment came from Alibaba Group, which will increase its 51 percent stake in the company to 83 percent. Alibaba will purchase shares from certain Lazada shareholders at an implied valuation of $3.15 …

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LVMH acquires Christian Dior Couture in $13 billion deal

In a $13 billion deal, LVMH has announced it will acquire Christian Dior Couture from Christian Dior SE. The two-part agreement will merge the entire Christian Dior brand into LVMH’s fashion and leather goods division. In the first part of the deal, Groupe Arnault, the family office and personal investment arm of LVMH chairman and CEO, Bernard Arnault and his family, …

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