The News In Brief
Coach-Owner Tapestry Ups Stake in Recycled Leather Maker Gen Phoenix
The American fashion giant boosted its holding in the lower-impact material producer to nearly 10 percent as part of a $15 million funding round.
Kenvue Announces CEO Departure, Strategic Review
As Thibaut Mongon steps down, board member Kirk Perry is named interim CEO.
Prada Eyes ‘Made in India’ Collaboration After Sandal Scandal
The Italian luxury group drew criticism from artisans and politicians after showing footwear resembling Kolhapuri slippers on the runway in Milan.
Levi Strauss Limits Selection for Holiday Shopping Season Due to Tariffs
The denim brand is one of several companies planning to cut less popular lines in response to tariffs and economic pressure.
Recovering Giorgio Armani Says He Will Be Back in September
The statement was released on the Italian designer’s 91st birthday.
Zara Billionaire Ortega Buys Hotel in Paris for $113 Million
Hotel Banke is the Inditex founder’s second Parisian property acquisition in the past year.
Louis Vuitton UK Says Hackers Have Stolen Some Customer Data
This is the third cyberattack against LVMH in recent months, following data breaches in Louis Vuitton Korea and Christian Dior Couture.
Aritzia’s US Sales Jump as Expansion Southward Bears Fruit
The Canadian retailer exceeded US sales expectations in its fiscal first quarter, largely due to aggressive expansion efforts.
Levi Sees Robust Revenue Growth Mostly Offsetting Tariff Impact
The results suggest that efforts to branch into new products and categories — part of the company’s focus on what it calls 'head-to-toe denim lifestyle' — are paying off.
Nike to Replace Converse CEO in Bid to Reverse Sales Slump
21-year Nike veteran Aaron Cain will take the reins at Converse in Boston.
Jane Birkin’s Original Hermès Birkin Sold for $10 Million
The sale at Sotheby’s in Paris broke the global record for most valuable handbag ever sold at auction.
Italy’s Cucinelli Posts 10.7% Increase in First Half Revenues
The Italian luxury label posted stronger-than-expected revenues and reaffirmed double-digit growth targets through 2026.