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"Once heralded as the next Nike, the sportswear giant has been hurt by slumping sales and unflattering revelations about its corporate culture."
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Latest News & Analysis
Unrivalled, world class journalism across fashion, luxury and beauty industries.
Essilorluxottica Beats Forecasts, AI Glasses and Myopia Products Drive Growth
The Franco-Italian eyewear maker reported a 15% rise in first-half profit, beating expectations, while revenue growth was driven by strong demand for AI-enabled glasses myopia products.
Whoop Names Kyle Leahy Chief Commercial Officer
Leahy joins the wearables brand from Glossier, where she was chief executive for three years.
Kering Sales Rise 2%, Gucci Beats Estimates
Kering’s reported organic growth for the first time in three years. Gucci’s second-quarter sales remained in negative territory, but declined less than expected.
Worldview | Colombiamoda Expands Its Latin American Reach
This week’s round-up of global markets fashion business news also features the Ghanaian textile sector, Russian e-tailer Wildberries and the record fine incurred by Chinese marketplace AliExpress.
