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PPR to expand Christopher Kane brand and open boutiques
Paris -- French luxury group PPR’s Tuesday announcement that it has acquired 51% of British fashion brand Christopher Kane means that the luxury designer will soon have branded boutiques. The first is slated to open in London as early as 2014.
According to a report by Reuters, the deal is part of PPR's strategy to add to its luxury portfolio with small brands that have growth potential.
"We think it can become a sizeable business," Alexis Babeau, managing director of PPR's luxury division, told Reuters on Tuesday.
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Weis Markets selects Profitect’s cloud-based solution
Waltham, Mass. -- Profitect announced Monday that Weis Markets has selected its cloud-based Profit Amplification solution, a pattern-seeking predictive analytics tool, for deployment throughout the chain.
Weis Markets will initially deploy the Point of Sale and Inventory modules of the Profitect suite.