The News In Brief
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.
US Port Strike Comes to Temporary End
Dockworkers responsible for unloading shipments on the East and Gulf Coast ports decided to resume wage negotiations suspend their strike until Jan. 19, one day after it commenced.
Shein Plans Investor Meetings Ahead of London IPO
Shein is initiating informal discussions with investors for a potential IPO in London, pending regulatory approvals, as the Singapore-based retailer faces scrutiny over its supply chain practices amidst criticism from UK lawmakers and advocacy groups.
Stüssy To Open a New Flagship in New York
The streetwear trailblazer will make its return to physical retail in the city with an expansive, 5,600 square-foot store.
Levi Sees Full-Year Revenue at Low End of Its Guidance Range
Sales in the company’s fiscal third quarter, which ended Aug. 25, fell just short of the average analyst estimate, and Levi’s Americas division posted a revenue decline.
EU Moves to Delay Deforestation Rule After Huge Pushback
The commission suggested a 12-month delay to rules aimed at curbing forest clearance in nations that send products such as coffee, cocoa, soy and beef to the bloc.