The News In Brief
New Balance’s India Partner to Introduce More Global Brands in Expansion
Brandman Retail plans to bring brands such as Salomon and Anta to the Indian market and more than quintuple its store count by 2028, betting on rising demand for global labels.
New Balance’s India Partner to Introduce More Global Brands in Expansion
Brandman Retail plans to bring brands such as Salomon and Anta to the Indian market and more than quintuple its store count by 2028, betting on rising demand for global labels.
Trump’s $100,000 H-1B Visa Fee Is Unlawful, US Judge Rules
Previous BoF analysis found hundreds of workers employed by dozens of fashion and beauty companies use the H-1B visa for skilled workers.
Trump’s $100,000 H-1B Visa Fee Is Unlawful, US Judge Rules
Previous BoF analysis found hundreds of workers employed by dozens of fashion and beauty companies use the H-1B visa for skilled workers.
UK Watchdog Begins Formal Review of EBay’s Purchase of Depop
The Competition and Markets Authority said it will decide whether to clear the deal or refer it for in-depth investigation by Aug. 6.
UK Watchdog Begins Formal Review of EBay’s Purchase of Depop
The Competition and Markets Authority said it will decide whether to clear the deal or refer it for in-depth investigation by Aug. 6.
Printemps Names Rémy Baume CEO
Printemps has appointed Rémy Baume its new chief executive, filling a position that had been vacant since September last year. Baume’s appointment is effective immediately, the French department store chain said in a statement on Monday, citing Baume’s experience transforming retailers as an asset for “securing sustainable growth.”
Printemps Names Rémy Baume CEO
Printemps has appointed Rémy Baume its new chief executive, filling a position that had been vacant since September last year. Baume’s appointment is effective immediately, the French department store chain said in a statement on Monday, citing Baume’s experience transforming retailers as an asset for “securing sustainable growth.”
Novo Nordisk Looks Beyond Weight Loss to Longevity and Aesthetics
Novo's blockbuster drugs could pull it into buzzier areas of healthcare, chief executive Mike Doustdar said, as the Ozempic maker seeks to lessen its reliance on obesity and diabetes.
Novo Nordisk Looks Beyond Weight Loss to Longevity and Aesthetics
Novo's blockbuster drugs could pull it into buzzier areas of healthcare, chief executive Mike Doustdar said, as the Ozempic maker seeks to lessen its reliance on obesity and diabetes.
Kai Nesselrath Named Design Director of Carven
Nesselrath, a designer from Anthony Vaccarello’s Saint Laurent studio, will present his debut runway collection for the ICCF-owned label at Paris Fashion Week in the autumn.
Kai Nesselrath Named Design Director of Carven
Nesselrath, a designer from Anthony Vaccarello’s Saint Laurent studio, will present his debut runway collection for the ICCF-owned label at Paris Fashion Week in the autumn.
Saks Wins Approval to Exit Bankruptcy After Reorganising
Under Saks Global’s plan, which US bankruptcy judge Alfredo Perez called ‘an extraordinary result,’ the company will reduce its funded debt from $3.4 billion to about $1.2 billion.
Saks Wins Approval to Exit Bankruptcy After Reorganising
Under Saks Global’s plan, which US bankruptcy judge Alfredo Perez called ‘an extraordinary result,’ the company will reduce its funded debt from $3.4 billion to about $1.2 billion.
Peloton Acquires Pilates Startup Skōp In Growing Wellness Push
The US exercise equipment company acquired Pilates-focused startup Skōp as it looks to expand its offerings and attract new users amid a broader turnaround effort.
Peloton Acquires Pilates Startup Skōp In Growing Wellness Push
The US exercise equipment company acquired Pilates-focused startup Skōp as it looks to expand its offerings and attract new users amid a broader turnaround effort.
Lululemon Trims Outlook, Adding Pressure Ahead of New CEO
The weak guidance adds to pressure on Lululemon’s management, which is contending with increased competition from upstart brands and product issues.
Lululemon Trims Outlook, Adding Pressure Ahead of New CEO
The weak guidance adds to pressure on Lululemon’s management, which is contending with increased competition from upstart brands and product issues.
OTB Takes Full Control of Viktor & Rolf
The Italian fashion group behind Diesel and Maison Margiela is taking full ownership of the avant-garde haute couture house, acquiring the remaining 30 percent it didn’t already own. Founders Viktor Horsting and Rolf Snoeren remain creative directors.
OTB Takes Full Control of Viktor & Rolf
The Italian fashion group behind Diesel and Maison Margiela is taking full ownership of the avant-garde haute couture house, acquiring the remaining 30 percent it didn’t already own. Founders Viktor Horsting and Rolf Snoeren remain creative directors.
Neiman Marcus to Close Dallas Flagship
The landmark department store, which is over 100 years old, is another casualty of Saks Global’s Chapter 11 restructuring.
Neiman Marcus to Close Dallas Flagship
The landmark department store, which is over 100 years old, is another casualty of Saks Global’s Chapter 11 restructuring.
Macy’s Raises Annual Forecast as Luxury Focus Draws Affluent Shoppers
The US retailer posted its first quarterly sales growth in nearly four years, driven by strong demand for high-end products at its Bloomingdale’s and Bluemercury stores.
Macy’s Raises Annual Forecast as Luxury Focus Draws Affluent Shoppers
The US retailer posted its first quarterly sales growth in nearly four years, driven by strong demand for high-end products at its Bloomingdale’s and Bluemercury stores.