International Business

Walgreens Boots Alliance has appointed Marco Pagni, formerly group legal counsel and chief administrative officer of Alliance Boots, as EVP and global chief legal and administrative officer, effective immediately.

Luxury beauty retailer Bluemercury was acquired by Macy’s and the retailer announced another round of extensive personnel changes, including a new head merchant, that are designed to bolster its omnichannel, international and alternative format growth prospects.

Macy’s said it signed an agreement to acquire the 60 store specialty retailer Bluemercury for $210 million and would continue to operate the company as a standalone business while infusing existing Macy’s stores with the specialty retailer’s high end brands.

Walgreens Boots Alliance has appointed Marco Pagni, formerly group legal counsel and chief administrative officer of Alliance Boots, as EVP and global chief legal and administrative officer, effective immediately.

The TJX Companies announced that William H. Swanson has been elected to its board of directors.

Los Angeles - The Court of Paris has rejected every claim asserted by Gucci in a six-year trademark suit filed against Guess Inc., finding no trademark infringement, no counterfeiting, and no unfair competition. The court also completely denied Gucci’s request for $62.4 million in damages and, instead, Gucci was ordered by the court to pay Guess $34,000.

The court also invalidated three of Gucci’s “G” community and international trademarks, meaning Gucci cannot claim exclusive use to those marks any longer.

Stanley Black & Decker and Newell Rubbermaid reported modest but steady growth in the fourth quarter, results that position both companies on solid ground going forward.

At Stanley Black and Decker, net sales for the fourth quarter came in at $2.98 billion, up from $2.88 billion in the fourth quarter of 2013. This was mainly due to increases in volume and price, but partially offset by currency. In terms of net income, the company pulled in $145.8 million, up considerably from last year's $56.1 million.

Dodgeville, Wis. - Lands’ End Inc. has named fashion executive Federica Marchionni as CEO. Marchionni comes to Lands’ End from her role as president of Dolce&Gabbana USA Inc. She will succeed Edgar Huber, who is resigning from the company.

Marchionni has served as president at Lands’ End since 2011, overseeing the opening of several key stores, including the Fifth Avenue flagship store in New York City as well as stores in other markets including Toronto, Chicago, Aspen and Boston.  

Mumbai, India – Alibaba may not be the only large Asian e-commerce retailer selling shares in the U.S, stock market. Leading Indian e-commerce platform Flipkart is reportedly considering launching a $5 billion U.S. IPO.