The News In Brief
Trump Signs Order Ending Duty-Free Treatment for Cheap Shipments From China
The trade loophole known as “de minimis” that helped Temu and Shein will close on May 2.
Adidas, Puma Plunge as Trump’s Tariffs Shock Shoe Supply Chains
Adidas shares dropped as much as 11 percent in early Frankfurt trading on Thursday, the most in more than two years.
Fashion Traceability Platform Fairly Made Raises €15 Million
The platform used by companies including LVMH, Balmain and SMCP plans to use the money to accelerate global expansion.
Duran Lantink Wins 2025 Woolmark Prize
The Dutch designer, who has become known for his exaggerated silhouettes and upcycled creations will receive a cash prize of AU$300,000 ($126,000).
Amazon Submits Bid for TikTok With US Sale Deadline Nearing
The e-commerce giant sent its proposal in a letter to Vice President JD Vance, but the offer is allegedly not being considered seriously by the Trump administration.
Trump Considering Revoking Tariff Exemptions for Cheap Shipments From China, Source Says
The decision would reinstate President Trump's February decision to end duty-free entry for cheap Chinese goods entering the US.
Willow Lindley Named Style Director of WSJ Magazine
The former Vogue fashion market and collaborations director is a major hire for editor-in-chief Sarah Ball.
LVMH Announces Finalists for 2025 Prize for Young Designers
The final, where a winner will be selected for the LVMH Prize, Karl Lagerfeld Prize and second edition of the Savoir-Faire Prize for craftsmanship, will take place on Sept. 3
Longevity Beauty Brand Oneskin Launches Hair
On the heels of its Series A investment, the brand known for its “topical longevity supplements” is pushing into the hair care category, starting with a scalp serum.
Walmart Keeps Price Pressure on Suppliers After Beijing Pushback
The world’s largest retailer has not backed down from its requests to suppliers to cut prices.
Michael Kors Owner Capri’s Finance Head Jumps Ship to Macy’s
Thomas Edwards will join Macy’s in June to assist CEO Tony Spring’s cost-cutting, luxury-focussed turnaround efforts.
Trump to Consider Final TikTok Proposal on Wednesday
President Trump will consider a final proposal for the sale of TikTok by ByteDance on Wednesday, CBS News reported.