Mike Ashley’s Frasers Says It’s Taken Control of Hugo Boss
The British retail group has pushed its stake in the German apparel brand above 50 percent in a move that will turn Hugo Boss into a subsidiary of Frasers.
The Week Ahead
Your scannable cheat sheet to the coming week in fashion and beauty.
Sports
What Will Be the Next Sneaker Franchise?
Investors are looking for sportswear’s next hit product as the Adidas Samba craze loses steam. Adidas, Puma and Vans-owner VF Corp will have a chance to sell them on what’s next during their respective earnings calls this week.
Luxury
Luxury’s US Lifeline May Be Wearing Thin
Financial results from Hermès, Kering, Prada and others will test the resilience of luxury’s biggest brands as US consumer spending shows signs of slowing and demand in China remains weak.
Retail
Luxury’s China Hopes Face a Reality Check
LVMH’s sales report and Shanghai Fashion Week will bring fresh insight into the Chinese retail environment as Western brands seek to navigate the wobbly market and local labels angle to capture more spending.
Retail
Uniqlo-Owner Fast Retailing, Levi’s and Aritzia Face US Test
The three apparel companies report earnings, providing an update on the resilience of US shoppers.
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Fashion Week
Paris Fashion Week: A Debut and a Finale or Two?
Drew Henry’s first show for Courrèges will be closely watched, as will Saint Laurent and Balenciaga for any signs that creative change is on the way. Plus, Celine and Margiela.
Fashion Week
Demna’s Gucci Back Under the Microscope at Milan Fashion Week
A year after the designer’s debut, his third runway show for the Italian fashion house will offer an update on his creative revamp — and clues about how well it is working. Plus, Fendi, Bottega Veneta, Moschino and more at Milan Fashion Week.
Fashion Week
Is London Fashion Week Back in Action?
McQueen’s return from Paris and Christopher Kane’s Mulberry revamp are set to bring fresh energy to a roster that’s relied too heavily on British stalwart Burberry. Shows kick off Thursday.
Fashion Week
What to Look Out for at New York Fashion Week
Coach, Ralph Lauren, Henry Zankov’s Diane von Furstenberg debut, Veronica Leoni’s fourth show for Calvin Klein, Kai Cenat’s Vivet launch and Zane Li’s Lii are set to be closely watched.
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Retail
Shein Comes to Market… Finally
The retailer begins trading in Hong Kong at a valuation of about $26 billion, a quarter of the nearly $100 billion it commanded at its 2022 peak. What happened to fast fashion’s former darling?
Retail
Mall Brands Take the Stage as Abercrombie and Gap Report Earnings
Financial updates from the two retailers will show how well recent momentum is holding up as the mid-market apparel sector heads into the back-to-school season.
Beauty
A Preview of Estée Lauder’s Summer Report Card
This week, the American company will report its earnings after a quarter that saw an abandoned merger, scrapped brand divestments and executive reshuffling. How will the market react?
Luxury
How Brands Can Still Win Over Back-to-School Shoppers
Consumers are feeling the pressure of inflation, high gas prices and economic uncertainty this back-to-school season. But they’re still spending on fashion — when brands can prove they’re worth the money.
The News in Brief
Shein Agrees to Pay $100 Million to Settle US FTC Probe
The settlement, equivalent to 44 percent of the ultra fast-fashion company’s second-quarter profit, is the latest blow amid regulatory and tax crackdowns in Europe and the US that have hampered Shein’s growth.
Kering Drops 12% as Luxury Braces for Tough Winter
The recovery long promised by luxury brands seems nowhere in sight, as the expansion of war in the Middle East, along with China’s tax crackdown on the wealthy, piled further pressure on the world’s biggest luxury conglomerates in the third quarter, and executives buckled in for a tough winter.
UK Retail Sales Fall 0.4% in September, More Than Forecast
Sales fell in September as above-average temperatures hit demand for autumn clothing.
Elle Launches Moroccan Edition
Hitting newsstands in October, the magazine marks Elle’s 51st international edition, published under licence by the Geomedia group.
David’s Bridal Plans Spinoff and IPO of AI Wedding Planning Platform Pearl
Pearl, a subsidiary of David’s Bridal, will own David’s Bridal and license its intellectual property back to the bridalwear brand. David’s Bridal CEO Kelly Cook will serve as Pearl’s CEO.
L’Oréal Sales Beat Expectations as Premium Products Surge
The French giant handily beat expectations on strong demand for hair products at salons and premium skincare from its dermatological division.
P&G Beats Revenue Estimates, Flags Bigger Hit to Annual Profit
The maker of Pantene shampoo was helped by strong personal care demand, but expects higher commodity costs to reduce profit by about $1.4 billion this year.