The News In Brief
Claudia Schiffer Announced as Rhode Ambassador
The supermodel stars in a campaign for a forthcoming moisturising product, Butter Balm.
Moose Knuckles Receives Minority Investment From Chinese Down Apparel Giant Bosideng
Bosideng, the largest retailer of down coats in China, will help the Canadian outerwear brand scale in Asia.
Estée Lauder Companies Names New West Coast Leadership
Executive changes continue for Estée Lauder Companies ahead of CEO Fabrizio Freda’s retirement.
Sears Is Looking for Rent Relief on Last-Standing Stores
Once a retail giant, Sears now struggles to maintain its dwindling stores, seeking rent concessions while facing the reality of a retail landscape increasingly dominated by online shopping.
Shein’s UK Sales Hit $2 Billion Ahead of Possible London Listing
The company, which was founded in China but is now based in Singapore, saw its British revenue rise 38 percent in 2023 from a year earlier.
Amazon Antitrust Case Filed by FTC to Move Forward After Ruling
The FTC’s case against Amazon for allegedly stifling online retail competition will proceed, despite the dismissal of claims from several states involved in the lawsuit.
Victoria Beckham CEO Steps Down
After five years leading the brand, Marie Leblanc is returning to France. Brand chairman Ralph Toledano will serve as interim CEO until a successor is named.
Mulberry Owner Ong Beng Seng Charged in Singapore Graft Scandal
The Singapore-based Malaysian tycoon has a controlling stake in the British luxury brand through his family investment vehicle Challice, and recently rebuffed a takeover approach from Mike Ashley’s Frasers Group.
H&M to Phase Out Virgin Down by the End of 2025
The company said it aims to only use down and feathers from post-consumer recycled sources by the end of 2025.
Valentino Beauty Names Charli XCX Brand Ambassador
Valentino Beauty goes brat with its newest celebrity face.
Watches of Switzerland Acquires Hodinkee
The deal aims strengthen the British company’s online presence in the US, leveraging Hodinkee’s strong editorial content despite the latter’s struggles in the used watch market.
Unilever Prestige Appoints Mary Carmen Gasco-Buisson As CEO
On November 1, Gasco-Buisson will succeed Vasiliki Petrou, who departed the business in July.