The News In Brief
H&M- and Vargas-Backed Recycling Venture to Hit Commercial Production by Mid-2025
Syre, a textile-to-textile recycler launched earlier this year, is partnering with polyester producer Selenis to build a 10,000 tonne ‘blueprint plant’ in North Carolina.
Luxury Slowdown Could Last Longer Than Previous Crises, Chanel Watches and Jewellery President Warns
In an interview with Swiss newspaper Le Temps, Frédéric Grangié said the industry’s most worrying issue is customer fatigue and the trivialisation of luxury. “Customers are tired of being bludgeoned by luxury,” Grangié said, forecasting two years of difficult business.
Vuori Opens First International Flagship
The store on London’s Regent Street represents the latest step in the California activewear brand’s expansion, after adding 20 new locations in the US this year alone.
Puig Posts 11% Rise in Third-Quarter Sales, Beats Expectations
Spanish fashion and perfumes company Puig reported an 11 percent rise in third-quarter sales on Tuesday, beating analysts’ expectations after sector rivals posted disappointing results due to lower demand in China.
Moncler Group’s Sales Fall 3 Percent
After resilient performance in the first half, revenue at the Italian fashion group slips amid greater luxury woes.
Actress Olivia Wilde Launches Consumer Investment Firm
The fund, Proximity Ventures, was formed in late 2024 with venture capitalist Neil Sirni and has already invested in supplement brand Pendulum Therapeutics.
Adidas and Ye Settle All Claims Two Years After Stormy Split
Adidas AG settled with rapper Ye, ending all claims from their partnership termination two years ago, with no payments exchanged.
Crocs Shares Sink After Shoemaker Pares Back Sales Outlook
Crocs Inc. shares dropped 16 percent in premarket trading after the company lowered its growth expectations and warned of sales declines for its HeyDude brand.
Adidas Comeback Gains Ground With Widespread Rise in Sales
The German sportswear giant notched another positive quarter under CEO Bjørn Gulden’s post-Yeezy turnaround plan.
Brandon Tan to Join Cosmopolitan and Seventeen as Fashion Director
The former GQ fashion editor will oversee all print and digital fashion content for both publications.
Vans Parent VF Corp Swings to Profit, Beats Sales Estimates
VF Corp turned a profit after two consecutive quarterly losses and beat second-quarter sales estimates on Monday.
Report: Stéphane de La Faverie Named Estée Lauder CEO
According to the Wall Street Journal, de la Faverie, a longtime Lauder executive with close ties to its founding family, has been selected to succeed Fabrizio Freda.