HONG KONG–Alibaba has doubled its investment into Lazada–funneling another $2 billion to the Southeast Asian e-commerce operator–and appointed one of its own founding executives to lead the company, Alibaba said Monday.
Lucy Peng, who currently serves as Lazada’s chairman and is one of Alibaba’s 18 founders, will assume the additional role of chief executive officer, replacing Max Bittner, who has led the company since 2012. Bittner will serve as a senior adviser to Alibaba Group, the statement said.
“I’m looking forward to jumping into the creative process and exploring fashion through a different lens,” said actor Michael B. Jordan exclusively to WWD about becoming the first face of @coach ‘s men’s business. Not only will the actor appear in its global ad campaigns, but he will also create a capsule with designer Stuart Vevers. Tap the link in our bio to learn more. #wwdfashion
“The name of the show is GP — giant pockets,” said Karl Lagerfeld pre-show, in his backstage meeting room at @Fendi to Bridget Foley. @Bellahadid was one of the many famous faces who graced the catwalk including @Gigihadid, @Adwoaaboah, and yes, even @Kendalljenner. #wwdfashion
Photographed by Kuba Dabrowski/WWD
“We are obsessed with Fendi and we want to share this obsession,” said CEO Serge Brunschwig to WWD. @Fendi will be releasing a new capsule collection Oct. 16 centered around the Fendi/Fila logo created by Instagram artist @Hey_reilly. Further proving the logo trend isn’t going anywhere. Link in our bio for more details. #wwdfashion