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Gap Inc

Gap raises forecast; to open 40 stores in India

Apparel retailer Gap Inc raised its full-year profit forecast, encouraged by strong sales of its lower-priced Old Navy clothes, and said it would open 40 stores in India as part of its strategy to expand in emerging markets.

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An eBay sign is seen at an office building in San Jose

LVMH and eBay settle litigation over fake goods

LVMH Moet Hennessy Louis Vuitton and eBay Inc have settled a long-running court battle over the sale of counterfeit luxury goods on the U.S. company's online auction website.

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Luxury online shop Mytheresa up for sale: sources

The owners of German online retailer Mytheresa, specializing in luxury fashion and accessories, have mandated Goldman Sachs to find a buyer, three people familiar with the matter told Reuters.

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India's Flipkart buys fashion portal as Amazon spurs consolidation

Flipkart, India's largest e-tailer, on Thursday acquired the country's biggest fashion portal Myntra, as Amazon.comInc's rapid expansion in the country stokes consolidation in the e-commerce industry.

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LimeRoad sports $15 million in a Series B round allocated for new Android App

India-based LimeRoad, an online ecommerce company, lands a $15 million Series B funding round led by Tiger Global on Tuesday. Other participants include Lightspeed Venture Partners and Matrix Partners India.

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Simply Diamonds

Simply Diamonds acquires New York jewelry maker MA Reich

New York, US-based precision cut diamond and customized jewelry retailer Simply Diamonds acquired Buffalo, New York-based color stone and men's fine jewelry maker MA Reich & Co for an undisclosed amount .

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Nike Inc

Nike cuts off majority of wearable tech team

Orlando, US-based sports footwear, apparel, and accessories maker Nike is about to cut off 70 out of the 200 members of its Digital Sport unit in a bold move to stop manufacturing hardware and focus its wearable tech efforts on software.

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Didier Drogba

Didier Drogba partners with French clothing brand HOM for underwear line to be launched in May

International soccer star Didier Drogba has partnered with HOM to launch his clothing brand in May, a French clothing brand for men, reported Ventures Africa.

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Indian e-commerce giant SnapDeal snaps up fashion startup Doozton

Indian e-commerce marketplace giant SnapDeal snapped up Noida-based fashion products discovery site Doozton for an undisclosed amount to leverage the latter's personalized shopping technology for its own platform.

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New York men's shoe retailer GreatsBrand scores $1.5M in seed funding

Brooklyn, US-based men's shoe retailer GreatsBrand scored $1.5 million in a seed funding round led by Resolute Ventures to restock its inventory of affordable shoes and continue building its brand.

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Dreyfuss & Co

China Haidian acquires London-based Swiss watch seller Dreyfuss in all-share deal

Kowloon, Hong Kong-based investment firm China Haidian Holdings Ltd acquired London, UK-based Swiss watch retailer The Dreyfuss Group in an all-share deal that will see the Dreyfuss brands expand into Asia.

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Chinese cosmetics retailer JuMei to raise $400M in US IPO

Beijing, China-based online cosmetics and perfume retailer JuMei filed for an initial public offering (IPO) in the US to raise $400 million, based in a document filed with the US Securities and Exchange Commission.

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Judith Ripka

New York's Xcel Brands adds jewelry retailer Judith Ripka in $22.5M deal

New York, US-based luxury jewelry seller Xcel Brands Inc added jewelry retailer Judith Ripka in a deal valued at $22.5 million in combined cash, interest-free promissory notes and common stock.

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Alibaba Group Holding Ltd unit to buy Chinese department store operator Intime Retail Group Co

Alibaba Group Holding, through its unit, will be buying a stake and subscribing to convertible bond shares in Intime Retail Group Co, a department store operator, Bloomberg reported.

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Project Shoe

Indonesia-born startup Project Shoe lets women customize shoes online

Indonesia-born and New York, US-based fashion startup Project Shoe lets women personally customize their shoes using its e-commerce platform and have the order shipped anywhere for free.

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