The News In Brief
TJ Maxx Parent Beats Sales Estimate as Tariff Uncertainty Looms Large
Off-price retailers, which frequently source inventory from middlemen in the US, could stand to gain from tariffs on goods made in China.
Luxury Retailer Canada Goose Withholds Annual Forecast on Tariff Uncertainty
US-listed shares still rose 13 percent after the parka maker reported strong quarterly sales.
Swatch Targeted by Activist Investor
An American investor is challenging the Hayek family’s leadership, attempting to gain a board seat at Swatch Group amid declining performance.
Revolution Beauty Puts Itself Up For Sale
The British cosmetics maker announced on Wednesday that it has launched a sale process following an unsolicited bid for its business from an unnamed buyer.
Felix Capital Appoints Laurent Droin Partner
Droin was most recently a partner at Eurazeo, where he led investments in Gisou, Axel Arrigato and Ex Nihilo.
Amer Sports Raises 2025 Guidance on Strong Demand for Arc’teryx and Salomon Footwear
Shares of the athletic apparel and equipment maker hit an all-time high on Tuesday.
Warby Parker to Launch Smart Glasses With Google
The eyewear maker will also receive an investment from the tech giant of up to $150 million as part of the collaboration, which is set to debut after 2025.
Hailey Bieber’s Rhode to Launch in Sephora
The brand, best known for its cult-favourite Peptide Lip Treatments and Glazing Milk toner, will arrive in Sephora stores across the US and Canada this autumn. A UK launch is expected in late 2025.
Victoria’s Secret Adopts Poison Pill to Thwart Investor BBRC
After BBRC significantly increased its shares, the undergarments, sleepwear and beauty brand introduced a new shareholders rights plan with the goal of preventing a hostile takeover.
Levi Strauss to Sell Dockers to Authentic Brands Group for $311 Million
The denim retailers said its priority now is to focus on its core label.
Nike Lays Off Some Workers in Shakeup of Technology Division
The cuts are the latest in an ongoing move to reset priorities and management seeks to execute on a turnaround strategy.
Bath & Body Works Appoints Former Nike Executive Daniel Heaf as CEO
The former Nike chief strategy and transformation officer will assume the new role effective immediately.