GENEVA — Amid worldwide economic turmoil, total foreign direct investment is forecast to decrease 20 percent this year to $1.6 trillion from a record $1.83 trillion in 2007, according to a United Nations report.
“The strong tightening of credit standards and the rise in risk premiums, especially for buyouts by collective investment funds, are likely to subdue cross-border M&As,” according to the “World Investment Report” by the UN Conference on Trade & Development.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)