The News In Brief
Swatch Sells Watch Lampooning Trump’s 39% Tariffs on Switzerland
The Swiss watchmaker has launched the ‘what if…tariffs?’ watch with reversed numbers three and nine, mocking the 39 percent tariffs imposed by the US on Swiss imports.
Pinault Family Won’t Exit Puma Stake at Current Value, Source Says
Artemis, the Pinault family’s holding company, will not sell its 29 percent stake in Puma at its current market value and is not engaged in negotiations, according to a source with knowledge of the firm’s operations.
Colin Walsh Is Glossier’s Next CEO
The former CEO of Ouai and Procter & Gamble’s specialty beauty arm is set to take the helm at the millennial beauty brand this October.
Ferragamo CFO La Tour Resigns, La Morgia Takes Interim Role
The Italian luxury group has been looking for a new executive officer since its CEO Marco Gobbetti left the company in March.
Apparel Prices Rose in August Amid Tariff Pressures
The category saw its highest increase since February as the impact of the Trump administration's trade policies took shape.
Sotheby’s Commissions Slump by Nearly 20% as Luxury Falters
Sotheby’s reported a pre-tax loss of $247.9 million as the auction house continues to struggle amidst a prolonged slump in the art market.
L’Oréal Paris and Tira Beauty Bring Paris Fashion Week to India
The milestone collaboration spotlights emerging Indian talent and gives Reliance Retail’s Tira a high-profile platform in India’s fast-growing prestige beauty market.
Inditex-Linked Foundation to Stage Annie Leibovitz Exhibition in Spain
The Marta Ortega Pérez Foundation, whose eponymous founder and president is the chairperson of Zara-owner Inditex, is set to mount Spain’s first major survey of American photographer Annie Leibovitz’s work.
Coach Parent Tapestry Expects to Offset Tariff Costs by 2028, Plans $3 Billion Buyback
Tariffs are set to cost the company about $160 million in fiscal 2026.
CFDA Announces 2025 Fashion Awards Nominees
Last year’s winner Rachel Scott is up for Womenswear Designer of the Year again, and The Row’s Ashley and Mary-Kate Olsen, who have won in the womenswear and accessories categories, are nominated for the menswear award.
Kering: Valentino Will Not Change Hands Before 2028
In its first major move under new CEO Luca de Meo, the French group said on Wednesday that it will not fully acquire the Roman fashion house from Qatari fund Mayhoola until at least 2028.
EU Finalises Rules to Make Fashion Pay to Clean Up Textile Waste
The European Parliament greenlit new rules that will require brands and retailers to cover the cost of collecting, recycling and sorting old clothes, footwear and other products.