The News In Brief
Shein Weighs US Restructuring as Tariff Risks Cloud London IPO
The fast-fashion retailer is considering restructuring US operations amid a US-China trade war, the Financial Times reported.
Report: Burberry Is Looking for Its Next Chairman
Burberry is evaluating potential candidates to succeed Gerry Murphy as chairman, Sky News reported Tuesday.
Il Makiage Parent Raises Full-Year Outlook
Oddity now expects full year revenue to land between $790 million and $798 million, with an adjusted EBITDA of between $157 million and $161 million.
Chanel Closes NYC Beauty Concept Boutique
The brand’s Chanel Atelier Beauté shop featuring beauty services has reportedly been closed since January 2025.
Caroline Hirons’ Skin Rocks Lands First Growth Investment
The UK-based skincare label, founded and funded by the writer and aesthetician, raised the money to support its professional line and international expansion.
Novo Nordisk to Sell Wegovy Through Telehealth Firms
The drug manufacturer will partner with companies like Hims & Hers and Ro amid a larger crackdown on compounded forms of its GLP-1 drugs.
Primark Committed to US Expansion Despite Tariff Uncertainty, Says Boss
George Weston, chief executive of the British fast-fashion retailer’s parent company AB Foods, said Primark was ‘absolutely’ committed to its plan to have 60 US stores by 2026, more than double the current total.
Saks Launches Amazon Storefront
Saks Fifth Avenue will sell high-end products from Balmain and Dolce & Gabbana on the e-commerce site, which has been an investor in Saks Global since December.
Adidas Says Trump Tariffs ‘Put a Stop’ to Boost in Targets
Ordinarily, Adidas would have lifted its outlook for the year after generating better-than-expected first-quarter profits, it said Tuesday.
Textile Recycler Eeden Raises €18 Million
The German startup aims to build a demonstration plant capable of recycling clothes made of polyester and cotton blends.
Puig Posts 8% Rise in First Quarter Sales
Losses in the Spanish conglomerate's makeup business were offset by strong demand for its fragrance and fashion division, which grew 10 percent in the first quarter of 2025.
Nike Sued Over Closure of Crypto Business
Purchasers of Nike-themed cryptocurrency assets said they suffered significant losses when the company abruptly closed its RTFKT unit in December.