Latest News & Analysis
Skims Unveils First Beauty Product
Kim Kardashian’s Skims launches shapewear for the face after announcing beauty ambitions earlier this year.
The Victoria’s Secret Fashion Show Will Return in 2025
The lingerie giant used an Instagram teaser to announce that its glitzy fashion show will be back on the runway for the second year in a row following a hiatus.
Ozempic Maker Novo Nordisk’s Market Value Drops $93 Billion
The Danish company, which manufactures Ozempic and Wegovy, announced a new CEO and a slash to its 2025 growth outlook, triggering a stock price plunge.
Worldview | Bridal Couture Dominates India Couture Week 2025
This week’s round-up of global markets fashion business news also features Bangladesh’s apparel growth and India’s Kolhapuri chappals tech makeover.
L’Oréal Sales Increase 2.4%, Missing Expectations
The world’s biggest beauty company narrowly missed analyst expectations as travel retail and slower growth in Europe weighed on earnings.
Gucci Sales Plunge 25% as Kering Woes Continue
The French conglomerate reported plummeting second-quarter sales at flagship Gucci as the brand gears up for its second creative revamp in three years. Group sales tumbled 15 percent.
Pinaults’ Artemis Says Not Facing Financial Strain Despite Kering Woes
A jump in standalone debt is a ‘temporary spike’ and the company is not facing liquidity problems due to a drop in dividends from Kering and other assets, it told Reuters.
Nike Alum Maggie Gauger Is Athleta’s New CEO
Chris Blakeslee will step down after two years in the role, amid continued efforts to revive the Gap Inc.-owned activewear brand.
India Braces for Higher US Tariffs, Eyes Broader Trade Deal, Sources Say
As a temporary measure, India anticipates US tariffs between 20-25 percent while broader trade negotiations continue.
Italian Manufacturers Say Big Luxury Must Examine Sourcing Practices
Trade group Confindustria Moda called for a ‘concrete dialogue’ on cost targets and contract terms as the luxury industry grapples with a series of scandals linking major brands to illegal sweatshops outside Milan.
Temasek Builds 10% Stake in Zegna in Boost for Expansion Plans
The Singapore state-owned investor has agreed to buy a roughly 5 percent stake in Ermenegildo Zegna for $126.4 million, after previously scooping up shares amounting to another 5 percent. The deal will accelerate the Italian fashion group’s expansion plans, the company said.
P&G Growth Forecast Misses Expectations, Will Raise Prices
The American consumer goods giant said on Tuesday it will undertake moderate price increases to mitigate the effects of tariffs, and forecast annual sales growth below Wall Street expectations.