Retail

Ferrari enters luxury fashion, targeting uninitiated youth

Ferrari V12 production cars were suspended over the factory floor Sunday night as the 74-year-old luxury carmaker launched a new era as a lifestyles brand, with a runway show unveiling its first ready-to-wear collection targeting a younger generation that might not be aware of its Formula One racing pedigree and coveted performance street cars.

Online grocer Boxed to go public through SPAC deal

E-commerce grocery platform Boxed has announced plans to go public with special purpose acquisition company Seven Oaks Acquisition Corporation in a move to take on 'big box' store membership.