The News In Brief
Nike Sales Beat Is Overshadowed By Converse, China Slumps
Direct-to-consumer sales missed expectations, while Converse plunged 30 percent in the fiscal second quarter ended Nov. 30.
Nike Sales Beat Is Overshadowed By Converse, China Slumps
Direct-to-consumer sales missed expectations, while Converse plunged 30 percent in the fiscal second quarter ended Nov. 30.
Kering to Buy Jewellery Producer Raselli Franco
The 20 percent stake will be further expanded to full ownership by 2032, Kering said in a statement.
Kering to Buy Jewellery Producer Raselli Franco
The 20 percent stake will be further expanded to full ownership by 2032, Kering said in a statement.
LVMH Names Laura Burdese CEO of Bulgari
Long-time Bulgari CEO Babin will remain chairman of the Roman jeweller and CEO of Bulgari Hotels, and continue to oversee LVMH’s watches unit.
LVMH Names Laura Burdese CEO of Bulgari
Long-time Bulgari CEO Babin will remain chairman of the Roman jeweller and CEO of Bulgari Hotels, and continue to oversee LVMH’s watches unit.
Zara Turns to AI to Generate Fashion Imagery Using Real-Life Models
The Inditex-owned brand’s AI experimentation follows Swedish rival H&M, which created AI clones of models to use in marketing earlier this year.
Zara Turns to AI to Generate Fashion Imagery Using Real-Life Models
The Inditex-owned brand’s AI experimentation follows Swedish rival H&M, which created AI clones of models to use in marketing earlier this year.
Birkenstock Sales Climb as Shoppers Snap Up Its Sandals, Clogs
The company reported higher sales and profit on strong demand for its pricey sandals and clogs, while predicting a slower pace of growth for the year ahead.
Birkenstock Sales Climb as Shoppers Snap Up Its Sandals, Clogs
The company reported higher sales and profit on strong demand for its pricey sandals and clogs, while predicting a slower pace of growth for the year ahead.
Activist Investor Takes Over $1 Billion Stake in Lululemon
Elliott Management has acquired a stake of over $1 billion in the activewear brand and is lining up a potential CEO candidate to take over after Calvin McDonald’s departure.
Activist Investor Takes Over $1 Billion Stake in Lululemon
Elliott Management has acquired a stake of over $1 billion in the activewear brand and is lining up a potential CEO candidate to take over after Calvin McDonald’s departure.
Despite Tariffs, China Consumer Giants Push Into the US As Domestic Market Stalls
Brands like Urban Revivo and Pop Mart are expanding into the US retail market to seek higher margins and offset slower domestic spending.
Despite Tariffs, China Consumer Giants Push Into the US As Domestic Market Stalls
Brands like Urban Revivo and Pop Mart are expanding into the US retail market to seek higher margins and offset slower domestic spending.
Swiss Watch Exports Fell in November Before US Tariff Reprieve
Exports dropped 7.3% in November from a year earlier as companies waited for the US agreement to ease punitive import tariffs to take effect.
Swiss Watch Exports Fell in November Before US Tariff Reprieve
Exports dropped 7.3% in November from a year earlier as companies waited for the US agreement to ease punitive import tariffs to take effect.
Falling Sales at Stella McCartney Fuel Fears Over Fashion Label’s Future
The brand’s directors warned it could run out of cash by 2028.
Falling Sales at Stella McCartney Fuel Fears Over Fashion Label’s Future
The brand’s directors warned it could run out of cash by 2028.
Matches to Relaunch Under New Owners
The e-tailer and its in-house fashion label, Raey, are set to return next year with a new business model after its IP was acquired by Mario Maher and Joe Wilkinson’s newly formed Hulcan group.
Matches to Relaunch Under New Owners
The e-tailer and its in-house fashion label, Raey, are set to return next year with a new business model after its IP was acquired by Mario Maher and Joe Wilkinson’s newly formed Hulcan group.
Temu-Owner PDD Fires Dozens of Workers After Fistfight With China Officials
The e-commerce company fired its government relations team in Shanghai after a physical altercation between employees and Chinese regulators who were investigating reports of fraudulent deliveries.
Temu-Owner PDD Fires Dozens of Workers After Fistfight With China Officials
The e-commerce company fired its government relations team in Shanghai after a physical altercation between employees and Chinese regulators who were investigating reports of fraudulent deliveries.
Hermès Heir of Missing-Shares Fame Sets Up Paris Investment Firm
Nicolas Puech, a fifth-generation descendant of the founder of Hermès International SCA, established the company called Ferret last month.
Hermès Heir of Missing-Shares Fame Sets Up Paris Investment Firm
Nicolas Puech, a fifth-generation descendant of the founder of Hermès International SCA, established the company called Ferret last month.