The News In Brief
Jewellery-Shipper Ferrari Group’s IPO Seeks Up to €205 Million
The listing would value the luxury logistics company at close to $1 billion.
Tapestry Boosts Annual Outlook on Coach Strength
The Coach-parent now sees revenue of more than $6.85 billion in the current fiscal year, the company said Thursday in a statement.
Forever 21 Considers Bankruptcy Filing If Asset-Sale Plans Fail
The company is focused on finding buyers for profitable leases, said the people, who asked not to be identified discussing a private matter.
Naomi Campbell Taking Legal Action in Attempt to Overturn Charity Trustee Ban
The supermodel was disqualified from being a charity trustee for five years in May 2024 after a Charity Commission inquiry found widespread evidence of financial misconduct at Fashion for Relief, the poverty charity she created.
Canadian Pantyhose Maker Furloughs 40% of Staff on Trade-War Woes
The threat of new US tariffs has forced Montreal-based clothing maker SRTX to place over a third of its workforce on leave, as rising duties and trade uncertainties jeopardise its Canadian manufacturing investments.
Shein Vendors Fear Thin Margins Will Vanish Under New USPS Rules
The US Postal Service’s recent back-and-forth on inbound international packages from China is creating uncertainty for Chinese e-commerce platforms like Shein and Temu, as new tariffs on small parcels could lead to higher costs and delays.
US Postal Service Reverses Decision to Halt China Shipments
The resumption of normal service capped 12 hours of confusion after the postal service said it would temporarily freeze the package shipments from China and Hong Kong.
Versace Parent Capri Says Turnaround to Take a Year
The parent to Michael Kors, Versace and Jimmy Choo brands expects fiscal 2025 revenue of $4.4 billion, below the $4.5 billion average analyst estimate.
Former Fendi Chief to Lead Jil Sander
Former Fendi chief executive Serge Brunschwig has been named CEO of Jil Sander, as well as chief strategy officer of the label’s owner OTB Group.
Area Co-Founder Piotrek Panszczyk Departs After a Decade
Alongside Beckett Fogg, the designer turned the New York-based brand into a celebrity favourite known for its eye-catching clothes and accessories.
California Introduces Bill to Regulate Fashion’s Environmental Impact
New York and Massachusetts are pursuing similar legislation to make large brands reduce their greenhouse gas emissions.
Branded Resale Service Provider Archive Raises $30 Million
Archive works behind-the-scenes with brands like New Balance, The North Face and Oscar de la Renta to power their in-house resale programmes.