The News In Brief
Shein Weighs Relocating to China to Ease Path for Hong Kong IPO
Singapore-headquartered Shein has consulted lawyers on setting up a parent company in mainland China, the report said, adding that discussions were only preliminary with no guarantee of Shein finalising the move.
Victoria’s Secret Plus-Size Brand Founder Is Out as Sales Lag
Christine Vellani will take over the helm from Adore Me founder Morgan Hermand-Waiche, Bloomberg reported.
KKR-Backed Korea Fashion Retailer Musinsa Considering IPO
Musinsa did not disclose IPO details, but local media have reported the Seoul-based company could seek a valuation of about 10 trillion won ($7.2 billion) during the listing, potentially minting a fortune for founder Cho Man-ho.
Watchmaker Swatch Apologises for ‘Slanted Eye’ Ad after Online Backlash in China
Around 27 percent of the watch group’s sales last year came from the China, Hong Kong and Macau region.
Soho House to Go Private in $2.7 Billion Deal, Ashton Kutcher to Join Board
Under the new deal, MCR Hotels will get Soho’s publicly traded shares, while founder Nick Jones and executive chairman Ron Burkle and his investment firm Yucaipa will retain majority control of the business.
Skims Taps Michael Kors Veteran to Lead EMEA Expansion
Kim Kardashian’s shapewear brand has hired Robin Gendron as its first president for Europe, the Middle East and Africa, as it prepares to open standalone stores in London and Dubai.
Robin Givhan Exits The Washington Post
The Pulitzer Prize-winning fashion and culture critic announced on Instagram that she took a buyout from the newspaper she’s worked at for 30 years.
Phlur to Launch in Australia and the Middle East
The fragrance brand, recently acquired by TSG Consumer Partners, will roll out its range of perfumes, mists and body care in Australia’s Mecca from Aug. 26 and in Sephora Middle East from Sept. 15.
Fast-Fashion Retailer Shein’s UK Sales Surged to $2.8 Billion in 2024
The global retailer’s UK business reported a pretax profit of £38.25 million ($51.8 million) in 2024, up 56.6 percent from 2023.
Used Rolexes, Pateks Are Bright Spot in Struggling Watch World
The Bloomberg Subdial Watch Index, which tracks the 50 most-traded timepieces by transaction value, gained 5.3 percent in the first half of 2025 — and extended that recovery in the third quarter.
Procter & Gamble Announces New Beauty CEO
Freddy Bharucha will accede to the role on Dec. 1, replacing P&G veteran R. Alex Keith, who will retire in February 2026.
Valentino CEO Jacopo Venturini Steps Down
After five years at the helm, Venturini is leaving for personal reasons as the Italian luxury house navigates a creative reset and ownership transition.