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H&M’s tech chief wants clothes to compete with wearables

Bloomberg H&M’s chief technology officer is trying to make smart clothing mainstream, at a time when clothing manufacturers are struggling with complex supply chains and environmental pressure. Alan Boehme is examining how H&M’s clothes could monitor your heart rate or hydration levels, and how artificial intelligence could shrink H&M’s supply chain, potentially decreasing the company’s carbon footprint. H&M couldn’t keep ...

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Coach says it’s in China’s middle-class sweet spot

Bloomberg The owner of Coach says its strong sales in China aren’t under threat from President Xi Jinping’s push to narrow his country’s wealth gap because the brand’s customers are mainly middle class. “We do think we’re at an advantaged position with the policies,” said Joanne Crevoiserat, the CEO of Coach’s parent, Tapestry. “We see further strengthening of the middle class.” ...

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India’s Future urges to quash Amazon deal

Bloomberg Future Retail Ltd’s independent directors have urged India’s antitrust body to revoke its approval of a 2019 deal between one of its group companies and an Amazon.com Inc unit, saying the American retailer lied to the regulator. Amazon obtained the Competition Commission of India’s approval for its purchase of 49% of Future Coupons Pvt with an option to buy ...

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