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The News In Brief

Luxury

Armani to Name New Board as Founder’s Heirs Reset Group

Giorgio Armani SpA is preparing to name a new board as soon as this week, as the Italian fashion group rebuilds its leadership team following the death of its founder, sources told Bloomberg.

Luxury

Armani to Name New Board as Founder’s Heirs Reset Group

Giorgio Armani SpA is preparing to name a new board as soon as this week, as the Italian fashion group rebuilds its leadership team following the death of its founder, sources told Bloomberg.


Global Markets

India’s Meesho Set to Seek Up to $605 Million Via IPO

The SoftBank-backed online marketplace, popular in smaller Indian cities, joins a growing list of companies tapping the country’s booming IPO market.

Global Markets

India’s Meesho Set to Seek Up to $605 Million Via IPO

The SoftBank-backed online marketplace, popular in smaller Indian cities, joins a growing list of companies tapping the country’s booming IPO market.


Technology

Alibaba Releases AI Glasses in Rare Consumer Gadget Foray

The new Quark glasses, powered by Alibaba’s Qwen AI models, have begun sales in China.

Technology

Alibaba Releases AI Glasses in Rare Consumer Gadget Foray

The new Quark glasses, powered by Alibaba’s Qwen AI models, have begun sales in China.


Sports

China’s Anta Sports Said to Be Exploring a Bid for Puma

The Chinese sports apparel company is among firms exploring a potential takeover of Puma, according to people familiar with the matter.

Sports

China’s Anta Sports Said to Be Exploring a Bid for Puma

The Chinese sports apparel company is among firms exploring a potential takeover of Puma, according to people familiar with the matter.


Creative Class

Pam Hogg, New Wave Icon, Has Died

The designer became a fixture of London’s counterculture scene in the 1980s and dressed stars from Siouxsie Sioux and Debbie Harry to Kylie Minogue and Lady Gaga.

Creative Class

Pam Hogg, New Wave Icon, Has Died

The designer became a fixture of London’s counterculture scene in the 1980s and dressed stars from Siouxsie Sioux and Debbie Harry to Kylie Minogue and Lady Gaga.


Retail

UK to Scrap Its Tariff Exemption on Low-Value Imports By 2029

The move closes the 'de minimis' loophole heavily relied on by Chinese e-commerce giants Shein and Temu.

Retail

UK to Scrap Its Tariff Exemption on Low-Value Imports By 2029

The move closes the 'de minimis' loophole heavily relied on by Chinese e-commerce giants Shein and Temu.


Beauty

Mielle Organics Announces NFL Sponsorship

The Procter & Gamble-owned brand will stock NFL locker rooms as the first textured hair sponsor of the US football league.

Beauty

Mielle Organics Announces NFL Sponsorship

The Procter & Gamble-owned brand will stock NFL locker rooms as the first textured hair sponsor of the US football league.


Beauty

The Estée Lauder Companies Close Romanian Technology Centre

The US beauty giant has shuttered its Bucharest technology hub, laying off 150 staff as it carries out its ‘Beauty Reimagined’ restructuring plan.

Beauty

The Estée Lauder Companies Close Romanian Technology Centre

The US beauty giant has shuttered its Bucharest technology hub, laying off 150 staff as it carries out its ‘Beauty Reimagined’ restructuring plan.


Retail

Small US Retailers Face Holiday Supply Chaos Due to Trump Tariffs

Many small retailers are facing inventory issues and have been forced to choose between paying steep duties or finding new suppliers.

Retail

Small US Retailers Face Holiday Supply Chaos Due to Trump Tariffs

Many small retailers are facing inventory issues and have been forced to choose between paying steep duties or finding new suppliers.


Beauty

Peloton’s New AI-Powered Bikes, Treadmills Get Off To Slow Start

Peloton Interactive Inc. has so far seen sluggish sales for its new artificial intelligence-powered exercise equipment, billed as the catalyst for a long-promised turnaround.

Beauty

Peloton’s New AI-Powered Bikes, Treadmills Get Off To Slow Start

Peloton Interactive Inc. has so far seen sluggish sales for its new artificial intelligence-powered exercise equipment, billed as the catalyst for a long-promised turnaround.


Retail

Abercrombie & Fitch Raises Annual Profit Forecast on Hollister Strength

The company foresees strong demand for its sub-brand during the crucial holiday season.

Retail

Abercrombie & Fitch Raises Annual Profit Forecast on Hollister Strength

The company foresees strong demand for its sub-brand during the crucial holiday season.


Retail

Kohl’s, Abercrombie Surge as Retailers Buck Shopper Pullback

Retailers are reporting strong earnings as consumers continue to splurge on brands they like, even as they pull back elsewhere.

Retail

Kohl’s, Abercrombie Surge as Retailers Buck Shopper Pullback

Retailers are reporting strong earnings as consumers continue to splurge on brands they like, even as they pull back elsewhere.