The News In Brief
Shein and Temu to Raise Prices in Response to Tariffs
The fast-fashion retailers told customers to expect "price adjustments" starting April 25.
Temu, Shein See US Sales Surge Ahead of Small-Parcel Tariff
Shein’s revenue accelerated to 38 percent in the first 11 days of April while Temu saw 60 percent growth, Bloomberg reported.
Forever 21 Creditors Face Large Losses Under Bankruptcy Plan
The proposal envisions paltry recoveries on debts owed by the bankrupt fast fashion retailer, according to a lawyer for the company's unsecured creditors.
Shiseido Names New Americas CEO
Following a double-digit Drunk Elephant sales slump, the conglomerate named its EMEA head Alberto Noé interim CEO.
Nike Set to Build Out New Shanghai Studio in China Push
The sportswear brand is opening a creative studio in Shanghai in efforts to court and recapture one of its most crucial markets.
South Korea’s Amorepacific Weighs Faster US Manufacturing Pivot
The K-beauty cosmetics company, which relies heavily on China and South Korea for production, is planning to invest in logistics and manufacturing facilities in the US.
Beiersdorf Beats Expectations, Boosted by Mass Skincare
In its first-quarter earnings, the German beauty giant reported that sales increased 3.6 percent to €3 billion, with the affordable skincare brands Aquaphor and Eucerin growing 11.4 percent.
LVMH Perfumes and Cosmetics Revenue Declines 1%
The luxury giant’s beauty division revenue turned negative in 2025, despite strong fragrance sales and Sephora’s continued growth.
Arab Fashion Council Launches $500,000 Designer Fund
The AFC Fashion Fund aims to propel an emerging designer from the Arab world onto the global stage every two years by financing runway shows.
Forever 21 Bankruptcy Creditors Probing Sparc-JCPenney Tie-Up
A committee of unsecured creditors to Forever 21’s US arm is investigating the fast fashion retailer’s deals prior to its Chapter 11 filing, including JCPenney’s acquisition of its parent Sparc Group.
US Salon Trends Indicate Looming Recession
Hairdressers and aestheticians report clients are opting for less expensive services and stretching out the time between appointments, according to a Bloomberg report.
Anta Sports Purchases Jack Wolfskin for $290 Million
China’s largest sportswear company bought the German outerwear, footwear and equipment brand from Topgolf Callaway Brands.