The News In Brief
Trump’s Tariffs to Take Immediate Effect, White House Says
White House press secretary Karoline Leavitt said on Tuesday that global tariffs will take immediate effect following President Trump's announcement on Wednesday.
Swiss Running Brand On Transitions to Single CEO
Martin Hoffmann will take over as sole chief executive as co-CEO Marc Maurer leaves the company.
Fashion Rental Service CaaStle Faces ‘Immediate Liquidity Challenge’ After Founder Accused of Financial Misconduct
The retail rental subscription service has furloughed employees and faces liquidation.
Daniel Lalonde Named CEO of Fiskars Group’s Vita Division
The former Flos B&B Italia chief will oversee home and design brands including Georg Jensen, Royal Copenhagen and Wedgwood.
Unilever Acquires Refillable Deodorant Brand Wild
Rumours had swirled since February that the personal care giant was on track to purchase the British start-up for £230 million.
Estée Lauder Faces US Legal Challenge Over China Sales Practices
US District Judge Arun Subramanian said shareholders identified ‘several misleading omissions’ and ‘half-truths’ in Estée disclosures, related to the negative sales impact from a January 2022 government crackdown on the ‘daigou’ grey market.
L’Oréal Aiming for 5% Growth in China This Year
North Asia chief executive Vincent Boinay said on Monday that the company sees green shoots in the market, and that the target is in line with the country's overall GDP growth forecast.
Calvin Klein Owner PVH Sees Sales Slump Ending in 2025
Shares soared after the company reported a smaller-than-expected decline in the fourth quarter, and predicted flat or slightly positive growth this year.
Trump to Unveil Country-Based Tariffs Apr. 2 in Rose Garden
White House press secretary Karoline Leavitt said Monday that President Trump will announce his reciprocal tariff push on Wednesday, split by country.
Victoria & Albert Museum to Rename Fashion Wing After Burberry Following Renovation
The V&A South Kensington’s fashion gallery aims to reopen in 2027 after undergoing a major redesign with support from the British luxury house.
Forever 21 Proposes to Give Major Lenders Maximum 3% Recovery
According to a court filing on Friday, the fast fashion retailer’s bankrupt US arm is proposing lenders receive 2.36 to 3.01 percent owed to them under a reorganisation plan.
Sustasia Fashion Prize Crowns Inaugural Winner
China’s Ruohan Nie beat seven other young designer finalists from across Asia to win the 100,000-yuan prize for sustainable innovation in fashion.