The News In Brief
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.
Nike to Post Worst Revenue Fall in 5 Years on Stagnant Demand
Downloads of Nike mobile apps for the quarter were down 35 percent from the year prior while foot traffic at Nike stores was down 11 percent.
Temu-Owner PDD’s Revenue Misses Estimates as Expansions Slow
PDD Holdings Inc.’s revenue grew a less-than-anticipated 24% following intensifying domestic competition and elevated US tariffs on Chinese products.
Nike’s Top Strategy, Communications Officers Exit in Shakeup
Bloomberg reported the sportswear giant’s top strategy and communications executives are leaving the company, adding to the list of senior leadership changes under CEO Elliott Hill, who rejoined Nike in October.
Milk Makeup Owner Waldencast’s Sales Rise 27.5%
Buzzy hits like Milk Makeup’s viral jelly blush helped drive double-digit growth for 2024, but executives said the start of 2025 will be flat.
Anta Sports Shares Plunge as Full-Year Operating Margin Misses
China’s biggest sportswear maker saw its operating margin decrease by just over a percentage point last year due to higher spending on branding, sales channels and R&D.
Forever 21 to Close Stores in Bid to Mimic Online Rivals’ Model
If the fast fashion retailer fails to find a last-second partner, Forever 21 plans to rely on shipping goods directly from overseas factories to consumers and other retail outlets, Bloomberg reported.
Hudson’s Bay Tries to Avoid Liquidation
HBC asked a judge Monday to allow its namesake retailer, which filed for bankruptcy last week, to sell its inventory in order to evade a full shutdown.
Sir John Appointed Creative Director of Medicube
The makeup artist and former L’Oréal Paris creative director will advise the Korean skincare brand on marketing, events and product development.
Louis Vuitton in Talks with Cheng Family for Hong Kong Mega-Store
The new store would occupy about 40,000 square feet at the K11 Musea mall, making it one of Louis Vuitton’s largest in Asia, said sources.
Apparel Retailer Guess Gets Take-Private Offer From WHP Global
Guess, whose shares jumped over 30 percent in early trading on Monday, has formed a special committee to evaluate the proposal, though the deal isn’t guaranteed.
US Vice President Vance Tells NBC News He Expects a ‘High Level’ TikTok Deal by April 5
JD Vance, whom President Trump had tapped last month alongside Michael Waltz to facilitate the potential sale, said there will ‘almost certainly’ be an agreement allowing for ‘a distinct American TikTok enterprise.’