The News In Brief
Homme Plissé Issey Miyake Named Guest Designer at Pitti Uomo in June
The Japanese brand is leaving its slot on the Paris Fashion Week menswear calendar, saying it would showcase collections at travelling events.
Investors Sue Thirteen Lune Founder for Alleged Fraud and Embezzlement
Two of the beauty retailer’s investors have accused the entrepreneur of misappropriating nearly $200,000 and using a recent acquisition to wipe out shareholder equity in a California lawsuit.
Hermès Taps BNP Paribas CEO, Former Spy for Luxury Group’s Board
Also nominated are Bernard Emié, who led France’s foreign intelligence agency DGSE, and Cécile Béliot-Zind, the CEO of dairy company Bel Group. The changes to the board, Bloomberg reports, will be put to a vote at the company’s shareholders’ meeting on April 30 in Paris.
Under Armour Reunites With NFL After Five-Year Hiatus
The athletic brand will be the official provider of footwear and gloves for the most popular US pro sport league. Under Armour has made a comeback since founder Kevin Plank reassumed the CEO role last year.
Pepkor To Buy Four Brands Giving It Access To 462 African Stores
Africa’s largest apparel retailer will acquire clothing and homeware brands from Retailability Proprietary Ltd., opening Pepkor Holdings Ltd.’s access to almost 500 more stores across the south of the continent.
Dazed Editor-in-Chief IB Kamara to Step Down
Dazed editor-in-chief IB Kamara will step down from his role after four years at the helm, with his final issue set for publication in June, Dazed Media announced in a statement on Tuesday.
Skims Buys Kim Kardashian’s Skkn by Kim
Kardashian's shapewear brand is planning to launch its own beauty line in 2026.
Nike Falls Below $100 Billion in Value as Turnaround Sputters
The activewear brand’s shares dropped as much as 9.3 percent on Friday after its earnings report signaled that revenue and profitability will continue to fall, marking the sixth straight quarter Nike’s shares have declined after earnings.
Zara Opens Flagship Store in China’s Nanjing With Cafe and Content Creation Studio
The Inditex-owned fast fashion retailer’s latest flagship store features more digital integration and spaces designed to encourage shoppers to spend more time in-store. Multinational brands targeting China’s middle-class consumers face a broader spending slowdown and increased local competition.
NGO Slams Fashion’s Most Widely Used Sustainable Cotton Scheme for Failing to Tackle Deforestation
An investigation published last year linked Better Cotton farms in Brazil to environmental and human rights abuses. Efforts to address the issues 'fall well short,' according to the NGO behind the report.
Nike Sales Beat Estimates in New CEO’s First Full Quarter
Revenue fell 9 percent to $11.3 billion for the quarter ended Feb. 28. That’s better than the 11 percent drop that Wall Street predicted.
The Body Shop’s Suppliers to Receive No More Than a Quarter of £219 Million Owed
The Body Shop’s suppliers are to receive no more than approximately a quarter of the £219 million ($284 million) owed to them when the ethical beauty retailer fell into administration.