The News In Brief
PVH Corp. Beats 3Q Revenue Estimates, Maintains Full-Year Guidance
The Calvin Klein and Tommy Hilfiger owner saw shares fall after it reaffirmed prior guidance of revenue down 6 to 7 percent for the year and cut its earnings per share forecast.
TikTok Shop Triples Black Friday Sales, Topping $100 Million
TikTok tripled its US shopping sales to more than $100 million on Black Friday, a sign of the app’s growing popularity despite a looming ban.
London’s Machine-A Splits from Tomorrow
Ownership of the cult retailer, known for stocking emerging fashion brands, was transferred to a group of private investors.
Unilever-Owned Nutrafol Appoints New Chief Executive
Chief marketing officer Cindy Gustafson will take the supplement brand Nutrafol’s reins in 2025, succeeding co-founder Giorgos Tsetis.
Tally of US Shoppers Slipped During Key Holiday Weekend
Fewer Americans shopped during Thanksgiving weekend this year, a sign that consumers remain selective about spending.
Off-White’s Beauty Line to Be Licensed by Interparfums
Following LVMH’s sale of Off-White, Interparfums will take on the role of beauty licensing partner in 2026.
Premium Cosmetics Brand Violette_Fr Closes Series B Round
The French prestige line, founded by makeup artist Violette Serrat, announced on Tuesday it had raised funds in a round led by US-based consumer investor Silas Capital.
Saudi Cosmetics Retailer Nice One Announces $320 Million IPO
The company established in 2017 as an e-commerce platform has since scaled to offer hundreds of local, regional and international beauty brands including its own labels.
Bulgari CEO Eyes India for Growth as China Luxury Demand Weakens
LVMH-owned jeweler Bulgari is looking to India to mitigate the effects of faltering luxury demand in China amid an economic slowdown.
Shiseido Stock Plummets After Growth Plan Underwhelms
The Japanese conglomerate’s share price fell to an eight-year low after a plan to offset its ailing Chinese business failed to impress investors.
Uniqlo Parent Watching for China Boycott After CEO’s Xinjiang Remarks
Fast Retailing is closely monitoring to see if demand is affected after Tadashi Yanai said the Japanese company is not using cotton from the Chinese region where suppliers are exposed to forced labour risk.
London Fashion Week to Ban Exotic Skins
Brands that want to appear on the city’s official fashion week schedule will not be allowed to use crocodile, snake or other wild animal leathers in the collections they show there, extending a ban on fur introduced last year.