The News In Brief
Mytheresa Finalises YNAP Acquisition
The combined companies will start trading under the name LuxExperience on the New York Stock Exchange by May 1.
Asos Confident on Growth Amid Tariff Uncertainty
The British online fashion retailer’s first half earnings beat expectations as a long-term turnaround plan started to pay off.
Unilever Sales Rise 3% on Demand For Premium Products
The European consumer goods giant beat expectations in its first-quarter earnings, citing strong demand and successful price increases.
Acne Studios Names Brune Buonomano CMO
Acne Studios named Brune Buonomano its new chief marketing officer effective May 5, the Swedish brand announced in a statement Thursday. She succeeds Isabella Burley, who announced her departure from the brand in March.
Major David Bailey Exhibition to Open in Spain
Inditex chairperson Marta Ortega Perez’s MOP Foundation will stage ‘David Bailey’s Changing Fashion’ in A Coruña this summer.
Louis Vuitton Raises Price on Popular US Bag Following New Trump Tariffs
The luxury brand has hiked the Neverfull GM bag’s price by 4.8 percent since last week.
Adidas Earnings Bolstered Again by Retro Sneaker Craze
The German sportswear company posted operating profit of €610 million ($692 million) in the quarter, beating expectations.
Nike Adds New Strategy Head to Aid Company Turnaround
Nike confirmed Jennifer Hartley will begin her position of chief strategy officer this week.
Lilly Sues Four Compounders Over Copies of Weight-Loss Drugs
Eli Lilly announced Wednesday it had sued four compounders for selling unapproved products containing tirzepatide, the main ingredient in Lilly's weight-loss and diabetes medicines, after a US judge blocked copies when not in times of shortage.
Reports: Saks Global Culls Corporate Workforce, Shutters Warehouse in Tennessee
The department store chain, which now encompasses Neiman Marcus stores and Bergdorf Goodman, will eliminate hundreds of jobs in consolidation and cost-saving efforts.
The Estée Lauder Companies Taps First Chief Technology, Data and Analytics Officer
Brian Franz, who joins from financial firm State Street, is president and chief executive Stéphane de La Faverie’s first external leadership hire.
Shopify Must Face Data Privacy Lawsuit in US
A US appeals court revived a data privacy class action suit against Shopify Monday, stating the Canadian e-commerce company can be sued in California for collecting personal identifying data from its consumers.