NEW DELHI — The Indian government on Wednesday approved foreign direct investment, or FDI, in single-brand retail by four retailers — French brands Promod, Decathlon and Le Creuset and U.S. firm Fossil Inc.
The four companies will invest a total of 7.5 billion rupees, or about $140 million, in India, according to an official of the Foreign Investment Promotion Board.
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)