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The News In Brief

Luxury

Watches of Switzerland Sees 15% Surge in US Sales on Demand for High-End Timepieces

US sales reached $545.52 million in the six months ending Oct. 26.

Luxury

Watches of Switzerland Sees 15% Surge in US Sales on Demand for High-End Timepieces

US sales reached $545.52 million in the six months ending Oct. 26.


Sports

Adidas Defeats Appeal of Lawsuit Over Imploded Ye Partnership

A San Francisco court ruled that the German sportswear company did not mislead shareholders in its annual reports.

Sports

Adidas Defeats Appeal of Lawsuit Over Imploded Ye Partnership

A San Francisco court ruled that the German sportswear company did not mislead shareholders in its annual reports.


Beauty

Dermatological Brand Dr. Idriss Appoints Chief Marketing Officer

Tamera Ferro is the first CMO for the US skincare label, founded by dermatologist Dr. Shereene Idriss.

Beauty

Dermatological Brand Dr. Idriss Appoints Chief Marketing Officer

Tamera Ferro is the first CMO for the US skincare label, founded by dermatologist Dr. Shereene Idriss.


Beauty

Report: Shareholders of Finetoday to Get Payout Funded by $350 Million Goldman Loan

The Japanese personal care company, spun out from Shiseido in 2021, is now said to be mulling the sale of a controlling stake after its failed Tokyo IPO, sources told Bloomberg.

Beauty

Report: Shareholders of Finetoday to Get Payout Funded by $350 Million Goldman Loan

The Japanese personal care company, spun out from Shiseido in 2021, is now said to be mulling the sale of a controlling stake after its failed Tokyo IPO, sources told Bloomberg.


Luxury

Tod’s Granted Delay to Ad Ban Ruling After It Pledges Tougher Supply-Chain Checks

A hearing on whether Tod’s advertising should be banned due to concerns over alleged labour abuses has been postponed.

Luxury

Tod’s Granted Delay to Ad Ban Ruling After It Pledges Tougher Supply-Chain Checks

A hearing on whether Tod’s advertising should be banned due to concerns over alleged labour abuses has been postponed.


Luxury

LVMH Has Never Misappropriated Hermès Heir’s Shares, Company Says

Nicolas Puech filed a civil lawsuit against LVMH chief executive Bernard Arnault earlier this year.

Luxury

LVMH Has Never Misappropriated Hermès Heir’s Shares, Company Says

Nicolas Puech filed a civil lawsuit against LVMH chief executive Bernard Arnault earlier this year.


Retail

Macy’s Lifts Outlook in Latest Sign of Solid Holiday Demand

The retailer beat Wall Street’s forecasts in the recent quarter and raised its guidance for the rest of the fiscal year, showing that consumers keep spending despite economic concerns.

Retail

Macy’s Lifts Outlook in Latest Sign of Solid Holiday Demand

The retailer beat Wall Street’s forecasts in the recent quarter and raised its guidance for the rest of the fiscal year, showing that consumers keep spending despite economic concerns.


Beauty

L’Oréal Will Start Work on Potential Armani Deal ‘Very Soon’, Says CFO

Chatting with analysts, L’Oréal CFO Christophe Babule said the French group is looking at a potential investment as one of the the Italian fashion house’s preferred bidders.

Beauty

L’Oréal Will Start Work on Potential Armani Deal ‘Very Soon’, Says CFO

Chatting with analysts, L’Oréal CFO Christophe Babule said the French group is looking at a potential investment as one of the the Italian fashion house’s preferred bidders.


Beauty

Givaudan Acquires US Perfume Manufacturer Belle Aire Creations

The purchase comes as the Swiss fragrance-maker seeks to strengthen its North American foothold by 2030.

Beauty

Givaudan Acquires US Perfume Manufacturer Belle Aire Creations

The purchase comes as the Swiss fragrance-maker seeks to strengthen its North American foothold by 2030.


Sports

Nike Continues to Shake Up Leadership Team Under CEO Hill

The company is eliminating some top roles and establishing others as it tries to get back on track and re-establish its authority in the sportswear market.

Sports

Nike Continues to Shake Up Leadership Team Under CEO Hill

The company is eliminating some top roles and establishing others as it tries to get back on track and re-establish its authority in the sportswear market.


Retail

Nike and Other Ads Banned in UK Over ‘Misleading’ Green Claims

The UK’s advertising watchdog said ads from Nike, Lacoste and Superdry misled shoppers by using the term ‘sustainable’ in paid-for Google adverts.

Retail

Nike and Other Ads Banned in UK Over ‘Misleading’ Green Claims

The UK’s advertising watchdog said ads from Nike, Lacoste and Superdry misled shoppers by using the term ‘sustainable’ in paid-for Google adverts.


Retail

American Eagle Outfitters Raises Annual Sales Forecast

The apparel company raised its annual comparable sales forecast, driven by successful marketing initiatives and a focus on higher-earning consumers.

Retail

American Eagle Outfitters Raises Annual Sales Forecast

The apparel company raised its annual comparable sales forecast, driven by successful marketing initiatives and a focus on higher-earning consumers.