The News In Brief
Glamour UK Names New Head of Editorial Content
Kemi Alemoru will join the publication on March 3 and will report to Glamour’s global editorial director Samantha Barry.
Shein Profit Dropped Last Year, Further Challenging IPO, FT Says
The Financial Times reported the fast-fashion retailer’s profit slumped by almost 40% last year and that net income fell to $1 billion.
Rednote Fades as TikTok Doubles Downloads on Return to iPhones
In the five days following TikTok’s re-listing on Apple Inc.’s iPhone app store and Alphabet Inc.’s Google Play, downloads of social app Xiaohongshu plummeted by 91 percent, according to Sensor Tower data.
Kering Names General Secretary, Strategy Chief
The French luxury conglomerate is elevating Mélanie Flouquet and recruiting BCG’s Joël Hazan, shaking up its leadership amid financial pressure.
California Bill Would Ban the Sale of Anti-Ageing Skincare to Children
If passed, the law would ban the sale of products with ingredients such as retinol, glycolic acid and vitamin C to children under the age of 18.
Birkenstock Sales Jump on High-End Clog Boom, Asia Expansion
The sandal-maker reported a 19 percent sales increase, driven by strong demand for its footwear, while maintaining its 2025 financial targets despite a slight dip in shares due to lower-than-expected growth in direct-to-consumer sales.
De Beers Takes Another Hit as Diamond Woes Bite
Owner Anglo American posted a $3 billion writedown on the unit, which is struggling to navigate a collapse in Chinese demand and increasing competition from lab-grown stones.
EU Moves Closer to Putting a Waste Tax on Fashion
Brands and retailers will be required to cover the costs of collecting, sorting and recycling old clothes.
Forever 21 Plans Hundreds of Store Closures in Second Bankruptcy
The US-based operator of Forever 21 Inc. is preparing to close at least 200 locations as part of a looming bankruptcy process, which may lead to a potential sale of its remaining stores or liquidation if no buyer emerges.
The Face Magazine Gets Major Museum Show
London’s National Portrait Gallery examines how the loud, left-field British style bible helped drive two big changes in fashion photography.
Italian Court Lifts Controls Placed on Armani Company Over Labour Practices
Over the past 10 months, the company has adopted the required organisational model and supplier control procedures, the Milan court said in a statement.
Report: Prada Evaluates Possible Versace Bid
Prada is reviewing Versace’s financials as it considers a potential acquisition of the Italian fashion brand owned by Capri Holdings Ltd., following a recent decline in Versace’s revenue and operating performance.