The News In Brief
Newly Engaged Travis Kelce Is Teaming Up With American Eagle
The announcement of a collaboration between the brand and the NFL star’s Tru Kolors clothing line came less than a day after Kelce announced his engagement to Taylor Swift.
Nigeria Bans Raw Shea Nut Exports to Bolster Domestic Beauty Industry
The shea nut export ban, announced on Tuesday, aims to boost the country’s shea butter and oil industry by curbing informal trade and improving local processing.
PVH Corp. Raises Outlook After Posting Quarterly Earnings Beat
The owner of the Calvin Klein and Tommy Hilfiger apparel brands now sees revenue increasing in a range of up “slightly” to a rise in the low-single digits.
JD Sports’ Quarterly Sales Fall on Weak UK but US Shows Improvement
The sports-fashion retail company reported a steeper decline in second-quarter underlying sales, particularly in the UK, but observed signs of stabilisation in its key US market.
Report: Canada Goose Receives Take-Private Bids at $1.4 Billion Valuation
Controlling shareholder Bain Capital, which is looking to offload its stake, has received multiple bids to take the luxury outerwear brand private at a valuation around $1.4 billion, but is waiting for more offers, CNBC reported on Tuesday.
Proya Misses Sales Estimates, Seeks Hong Kong Listing
The China-based skincare brand reported lower-than-expected revenue growth as it announced board approval to list shares in Hong Kong.
UK Online Retailer Debenhams Sees Interim Profit Growth Amid Turnaround
The group said it was also exploring a potential sale of its PLT brand and long-term options for its distribution sites in the US and Burnley, England.
Temu-Owner PDD Tops Revenue Estimates, But Competition Squeezes Margins
The E-commerce giant behind Temu surpassed quarterly revenue expectations but saw net profit decline due to competition from the likes of Alibaba and Amazon.
Cadillac Reveals Drivers for Tommy Hilfiger-Sponsored Formula One Team
Formula One team Cadillac announced Sergio Pérez and Valtteri Bottas as the team's two new drivers for its inaugural season in F1. Tommy Hilfiger will dress the drivers throughout the season and is set to launch a capsule collection for Spring 2026.
Olaplex Acquires Biotech Firm Purvala
In its first-ever acquisition, the hair care brand has purchased a biotechnology laboratory founded by an MIT professor to further its research and development capabilities.
Puma Shares Soar on Report Pinault Family Exploring Sale of 29% Stake
Shares surged after reports that Artemis, the holding company of France’s Pinault family, is considering options for its 29 percent stake in the sportswear maker, including sounding out potential buyers.
Beauty Forum Makeup Alley To Shut Down After 26 Years
The online repository of product reviews, which launched in 1999, announced on Sunday that it would close down on Sept. 27.