Anton Shlecker is accused of offenses related to the 2012 bankruptcy of his pharmacy chain that employed 50,000 people in Germany and in Europe.
China is projected to become the top market for luxury automakers by 2020 and brands rev up sales with Tmall.com to reach the country's affluent and digitally active consumers.
Sports Direct owner Mike Ashley has acquired an interest in the struggling luxury lingerie retailer, Agent Provocateur.
Airline company Airbus welcomes new agreement on industrial partnerships with Japan.
Trump's threats and unpredictability drives Mexico to build support from companies and US states that rely on business on the south border.
The record revenues and profitability are proof to the growing appeal and strength of Jimmy Choo.
The firm's valuation of $30 billion is the biggest record for a US tech company since Facebook in 2012.
Unions are fighting to keep the jobs in Ford at all cost as a reduction in employment could lead to a serious economic crisis.
Overall, demand is set to outpace supply on average over the forecast period.
The company shake-up comes after Tiffany's disappointing financial results.
The deputy managers will be replaced by shift leaders as part of a program of transformation in order to improve the customers' shopping experience.
The results indicate Qantas' strong performance in a mixed international market amidst its strategy and ongoing transformation while investing for customers.
E-commerce giant seeks tougher laws, stricter enforment and heavier penalties against retailers or vendors of counterfeit goods in China.
Asian shares up, strengthened by gains on Wall Street as investors await President Donald Trump speech.
Retailers can manipulate consumer regret to beat competitors
The French luxury group gains full control of the 70-year-old Parisian fashion house Christian Dior in a mammoth deal worth around €12.1 billion.
UK luxury fashion retailer Burberry posts lackluster set of results for its second half following an impressive result in the third quarter, a retail analyst stated.
What seemed like a perfect hacking operation turned out to be a failure as Kaspersky has spotted a mistake on the part of the Lazarus hackers. It found a brief connection that came from North Korea - proving their identity and origin.
A lawsuit has been filed by a Democratic political consultant and Fox News contributor on Monday alleging, among others, that Roger Ailes denied her of a permanent hosting job after she turned down his sexual advances.
South African leader, Jacob Zuma, has sacked finance minister Pravin Gordhan in a move that drove the country's currency down five percent in value. The president calls for a midnight reshuffle in his Treasury members who he felt were disloyal to his political intentions.
The US president has long promoted a change on how foreign businesses should run their operations - and that is to revive American manufacturing. Uniqlo head showed he didn't like being given an ultimatum by Trump.
Cemex, one of the world's largest cement producers, has not participated in the first round of bids that is currently underway but said it is open to providing quotes to supply the raw materials for Trump's promised border wall.
Arket, which means 'sheet of paper' in Swedish, will cater to a modern-day market with products for men, women, children and the home.
Amazon was one of the leaders in keeping online purchases tax-free. As the company moves to offer faster deliveries, it expanded its distribution centers and started collecting sales tax in more states.
