News

RELAXNEWS It will be handbags at dawn for luxury auction house Christie’s France, when it launches its third annual luxury arm candy sale. ‘Handbags & Accessories’, set to take place on March 5 in Paris, will feature rare and special edition pieces from fashion houses including Hermès, Chanel, Dior and Louis Vuitton, with price estimates ranging from €2,000 to €70,000. ...

RELAXNEWS Fashion designer Michael Kors is offering customers a series of fresh-off-the-runway pieces immediately following his Fall 2016 runway show. Titled ‘Ready-to-Wear, Ready to Go,’ the edit includes clothes, shoes and handbags that clients will be available to purchase online and at the brand’s Madison Avenue store straight after their runway debut. “Our customer doesn’t think in terms of seasons, ...

RITIKA SHARMA / Emirates Business Considering the ever-increasing rush of travellers between India’s commercial capital Mumbai and Dubai, Jet Airways — which works in alliance with UAE’s national carrier Etihad Airways — has announced increased frequency of flights between the two cities from March 1. A new flight from Indian capital Delhi is also in the offing, making Mumbai-Dubai and ...

Abu Dhabi / Emirates Business Dubai Courts has launched ‘Smart Inheritance,’ the latest addition to its growing portfolio of smart applications. Available in both English and Arabic versions, the new app has been designed to help facilitate faster completion of legal transactions concerning inheritance issues between heirs, agents and guardians. The release of ‘Smart Inheritance’ is expected to drive in ...

Sharjah / Emirates Business The Heart of Sharjah (HOS), one of Sharjah’s premiere tourist destinations, hosted a series of fun-filled activities and workshops for families and young people in collaboration with Maraya Art Centre under the title “Nabdh”, which is Arabic for pulse and with the participation of renowned puppeteers. Visitors of the Heart of Sharjah, from all ages, enjoyed ...

Sunaina Rana / Emirates Business Gulfood, one of the world’s leading food trading platforms, would be marking its 21st edition at Dubai World Trade Centre (DWTC) on Sunday. The show would begin with top notch food exhibitors delivering the latest trends of food and offering new prospects to add more into the food trade in this region. Around 5,000-plus corporates ...

SINGAPORE / AP Organisers of the Singapore Airshow said $12.3 billion in airplane deals were signed at the event this week, a sharp drop from the last show in 2014. Leck Chet Lam, managing director of Experia Events, said that this year’s figure was comprised of 10 deals, with another 40 made at undisclosed values. There were 24 undisclosed deals ...

PARIS / Bloomberg French luxury-goods maker Kering SA reported fourth-quarter revenue growth that beat analyst estimates as the Gucci brand showed the first signs of a turnaround under Chief Executive Officer Marco Bizzarri and creative director Alessandro Michele. Sales climbed 8 percent on a comparable basis, Paris-based Kering said in a statement Friday. Analysts predicted growth of 4.1 percent, according ...

Bloomberg After spending billions on its web operations to take on rival Amazon.com Inc., the last thing Wal-Mart Stores Inc. wanted to tell investors was that online sales momentum was slowing. Yet the world’s biggest retailer said that e- commerce sales rose only 8 percent in the fourth quarter. That’s down from 10 percent in the third quarter and 16 ...

Bloomberg Sainsbury’s takeover of Home Retail was already of questionable logic. Getting into a bidding war for the struggling company would be even less sensible. Steinhoff International Holdings — a furniture chain once based in South Africa that’s seeking to expand in Europe — made an offer of about $2 billion for Home Retail that threatens to derail Sainsbury’s agreement ...