The News In Brief
Nivea Maker Beiersdorf Expects Skin Care Growth to Slow
The German cosmetics company, which also makes the pricey skincare and makeup lines La Prairie and Chantecaille, cut its growth forecast for the year ahead, citing softened demand.
Merit Beauty Launches at Sephora UK
The three year-old mass makeup label, which recently crossed $100 million in annual profitable revenue, wants to make inroads with UK’s makeup obsessives through the LVMH-owned retailer.
St. John Knits Shakes Up Leadership
Following chief executive Andy Lew’s promotion to executive president of parent company Lanvin Group, St. John Knits has named new chief commercial, merchandising and operating officers.
Michael Strahan to Start His Own Custom Men’s Tailoring Operation
The direct-to-consumer tailoring arm will offer made-to-order suits at flat prices within two weeks.
Steve Madden Plans to Raise Prices Due to China Tariffs
The accessories company is hiking its prices in the fall as part of its strategy to mitigate rising costs. Steve Madden will also accelerate its shift in production away from China to maintain profitability.
Lucie and Luke Meier Exit Jil Sander
The husband-and-wife design duo’s next steps were not announced, nor was their replacement.
EU to Pare Back Sustainability Rules for Companies, Draft Shows
Brussels plans to publish an “omnibus” proposal to simplify green rules for businesses, aiming to make local industries more competitive and respond to Trump’s promise to scrap regulations.
TJX Tops Analyst Estimates and Projects Rare Retail Optimism
The company reported stronger-than-expected quarterly results with a revenue of $16.4 billion. It forecast steady growth for fiscal 2026 amid a challenging retail landscape.
Farfetch Reached EBITDA Profitability in 2024, Sales Remain Lower Than 2022 Levels
The London-based e-tailer’s adjusted earnings before interest, taxes, amortisation and depreciation hit $30 million after a year under Coupang, a feat for a company that struggled to generate profits as an independent business. But revenue is still well below its 2022 highs.
Il Makiage Owner Reports Double-Digit Revenue Growth
Oddity, the parent company of beauty labels SpoiledChild and Il Makiage, reported a revenue surge of 27 percent in its 2024 earnings, alongside plans to invest in its biotech division and develop two new brands.
Consumers ‘Under Attack’ Are Pulling Back, Wrangler Maker Says
Kontoor shares sank as much as 16 percent on Tuesday, the most intraday since 2020, after the company gave a 2025 earnings outlook that fell short of analysts’ estimates.
Saks Global Is Laying Off About 5% of US Corporate Workers
The layoffs come as the company continues the integration process following the recent acquisition of Neiman Marcus.