The News In Brief
QVC Shopping Channel Files Bankruptcy to Cut $5 Billion of Debt
Television shopping network QVC Group filed for bankruptcy Thursday as part of a plan to cut more than $5 billion of debt, as declining viewership and a shift to online retail weighed on sales and squeezed margins.
QVC Shopping Channel Files Bankruptcy to Cut $5 Billion of Debt
Television shopping network QVC Group filed for bankruptcy Thursday as part of a plan to cut more than $5 billion of debt, as declining viewership and a shift to online retail weighed on sales and squeezed margins.
Condé Nast Shutters Self Magazine; Glamour Editor-in-Chief Sam Barry Departs
In a move towards brand consolidation, Condé Nast CEO Roger Lynch announced closure of the digital-only health title as well as several international Glamour editions.
Condé Nast Shutters Self Magazine; Glamour Editor-in-Chief Sam Barry Departs
In a move towards brand consolidation, Condé Nast CEO Roger Lynch announced closure of the digital-only health title as well as several international Glamour editions.
E.l.f. Beauty Makes C-Suite Changes
Kory Marchisotto has been appointed president of E.l.f. Brands, Ekta Chopra has been tapped as chief technology and AI officer and Oshiya Savur is the company's new CMO.
E.l.f. Beauty Makes C-Suite Changes
Kory Marchisotto has been appointed president of E.l.f. Brands, Ekta Chopra has been tapped as chief technology and AI officer and Oshiya Savur is the company's new CMO.
Allbirds Sinks as 582% AI Surge Comes to Screeching Halt
Shares of the firm, which announced plans to rebrand itself as NewBird AI, sank as much as 31 percent on Thursday.
Allbirds Sinks as 582% AI Surge Comes to Screeching Halt
Shares of the firm, which announced plans to rebrand itself as NewBird AI, sank as much as 31 percent on Thursday.
Coty and Interparfums Deny Report of Talks Regarding Boss, Burberry Perfume Licences
As prestige lines, the fragrances aren’t subject to the strategic review underway for Coty’s other makeup brands as the company attempts to turn around its performance.
Coty and Interparfums Deny Report of Talks Regarding Boss, Burberry Perfume Licences
As prestige lines, the fragrances aren’t subject to the strategic review underway for Coty’s other makeup brands as the company attempts to turn around its performance.
Kering Takes Stake in Icicle Owner ICCF
The French group said it would support the international expansion of ICCF’s flagship label Icicle while drawing on ICCF’s expertise in China as part of a major strategic overhaul.
Kering Takes Stake in Icicle Owner ICCF
The French group said it would support the international expansion of ICCF’s flagship label Icicle while drawing on ICCF’s expertise in China as part of a major strategic overhaul.
American Eagle Rallies Again After Launching Second Sydney Sweeney Campaign
A second denim campaign with actress Sydney Sweeney drove a nearly 6 percent rise in the brand’s share price.
American Eagle Rallies Again After Launching Second Sydney Sweeney Campaign
A second denim campaign with actress Sydney Sweeney drove a nearly 6 percent rise in the brand’s share price.
Hims Jumps as RFK Jr. Seeks to Loosen Peptide Regulations
Hims & Hers Health Inc. surged as much as 12 percent after Health Secretary Robert F. Kennedy Jr. said US drug regulators will loosen restrictions around a dozen popular peptide injections.
Hims Jumps as RFK Jr. Seeks to Loosen Peptide Regulations
Hims & Hers Health Inc. surged as much as 12 percent after Health Secretary Robert F. Kennedy Jr. said US drug regulators will loosen restrictions around a dozen popular peptide injections.
Authentic Brands Group Is Bringing Barneys Back
The luxury retailer will return to its original location on Madison Avenue, according to a source familiar with the matter.
Authentic Brands Group Is Bringing Barneys Back
The luxury retailer will return to its original location on Madison Avenue, according to a source familiar with the matter.
Allbirds Soars 461% After Sneaker Firm Rebrands as AI Stock
The struggling sneaker company has announced a pivot to AI computing infrastructure, immediately sending its stock soaring.
Allbirds Soars 461% After Sneaker Firm Rebrands as AI Stock
The struggling sneaker company has announced a pivot to AI computing infrastructure, immediately sending its stock soaring.
Hermès Shares Plunge Most on Record as Growth Slows
First-quarter sales rose 5.6 percent at constant exchange rates, missing analyst expectations.
Hermès Shares Plunge Most on Record as Growth Slows
First-quarter sales rose 5.6 percent at constant exchange rates, missing analyst expectations.
Tory Burch Seeks Loan to Buy Back General Atlantic’s Stake
The New York-based luxury retailer will spend $346 million on General Atlantic’s interest, whose size wasn’t disclosed.
Tory Burch Seeks Loan to Buy Back General Atlantic’s Stake
The New York-based luxury retailer will spend $346 million on General Atlantic’s interest, whose size wasn’t disclosed.