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The News In Brief

Retail

Saks Off 5th Digital to Liquidate Inventory While in Bankruptcy

The e-commerce unit is being run by independent managers and the sale of its assets does not include any merchandise of Saks Global’s brick and mortar stores.

Retail

Saks Off 5th Digital to Liquidate Inventory While in Bankruptcy

The e-commerce unit is being run by independent managers and the sale of its assets does not include any merchandise of Saks Global’s brick and mortar stores.


Technology

TikTok Seals Deal to Operate in the US After Years of Drama

The long-awaited deal to transfer parts of TikTok’s US operations to American investors secures the app’s future and avoids a nationwide ban.

Technology

TikTok Seals Deal to Operate in the US After Years of Drama

The long-awaited deal to transfer parts of TikTok’s US operations to American investors secures the app’s future and avoids a nationwide ban.


Beauty

Cover FX and Mally Beauty Announce Brand Closures

Parent company AS Beauty is winding down two makeup labels acquired within the past five years.

Beauty

Cover FX and Mally Beauty Announce Brand Closures

Parent company AS Beauty is winding down two makeup labels acquired within the past five years.


Sports

Lululemon Now Asks Leggings Buyers to Wear Skin-Toned Underwear

The ‘Get Low’ leggings, derided for being see-through, are available for sale again online, now with a disclaimer to size up and pair the leggings with skin-tone, seamless underwear.

Sports

Lululemon Now Asks Leggings Buyers to Wear Skin-Toned Underwear

The ‘Get Low’ leggings, derided for being see-through, are available for sale again online, now with a disclaimer to size up and pair the leggings with skin-tone, seamless underwear.


Workplace & Talent

Report: Amazon Plans Thousands More Corporate Job Cuts Next Week

The ‍Seattle online retailer tied its initial round of ‍job ‌cuts in October to the rise of artificial intelligence software.

Workplace & Talent

Report: Amazon Plans Thousands More Corporate Job Cuts Next Week

The ‍Seattle online retailer tied its initial round of ‍job ‌cuts in October to the rise of artificial intelligence software.


Fashion Week

Giambattista Valli Cancels Paris Couture Show Citing ‘Activity Review’

The last-minute withdrawal from the couture calendar raises questions about the future of the label, which is majority-owned by the Pinault family investment fund Artemis.

Fashion Week

Giambattista Valli Cancels Paris Couture Show Citing ‘Activity Review’

The last-minute withdrawal from the couture calendar raises questions about the future of the label, which is majority-owned by the Pinault family investment fund Artemis.


Media

Future Plc Acquires SheerLuxe

The $53.9 million acquisition of SheerLuxe and Blush Talent Mgmt, its sister influencer agency, is intended to diversify Future’s audience and strengthen its fashion and beauty vertical.

Media

Future Plc Acquires SheerLuxe

The $53.9 million acquisition of SheerLuxe and Blush Talent Mgmt, its sister influencer agency, is intended to diversify Future’s audience and strengthen its fashion and beauty vertical.


Luxury

Richemont Sells Watchmaker Baume & Mercier to Italy’s Damiani

The Swiss company has agreed to sell the nearly 200-year-old watchmaker to Italy’s Damiani Group amid a market slowdown for luxury timepieces.

Luxury

Richemont Sells Watchmaker Baume & Mercier to Italy’s Damiani

The Swiss company has agreed to sell the nearly 200-year-old watchmaker to Italy’s Damiani Group amid a market slowdown for luxury timepieces.


Beauty

P&G Growth Stalls With US Government Shutdown Hurting Sales

Procter & Gamble Co.’s growth in a key sales metric stagnated in the latest quarter while volume slipped, showing that US consumers spent cautiously in the final months of the year.

Beauty

P&G Growth Stalls With US Government Shutdown Hurting Sales

Procter & Gamble Co.’s growth in a key sales metric stagnated in the latest quarter while volume slipped, showing that US consumers spent cautiously in the final months of the year.


Sports

Lululemon Founder Slams Board After See-Through Leggings Fiasco

Founder Chip Wilson criticised the company’s board as an ‘operational failure’ following the poor launch of its Get Low see-through leggings.

Sports

Lululemon Founder Slams Board After See-Through Leggings Fiasco

Founder Chip Wilson criticised the company’s board as an ‘operational failure’ following the poor launch of its Get Low see-through leggings.


Retail

Primark’s Christmas Quarter Sales Fell 2.7%

The weaker-than-expected sales have cast a shadow over parent company AB Foods' plans to separate Primark from its food business.

Retail

Primark’s Christmas Quarter Sales Fell 2.7%

The weaker-than-expected sales have cast a shadow over parent company AB Foods' plans to separate Primark from its food business.


Retail

Kaia Gerber Joins Re/Done as Investor and ‘Creative Partner’

The model and actress will serve on the Los Angeles-based denim brand’s advisory board and contribute to brand strategy.

Retail

Kaia Gerber Joins Re/Done as Investor and ‘Creative Partner’

The model and actress will serve on the Los Angeles-based denim brand’s advisory board and contribute to brand strategy.