The News In Brief
Estée Lauder Forecasts Annual Profit Above Estimates on Strong China Demand
The US cosmetics giant lifted its profit guidance on Wednesday, betting on sustained spending on premium fragrances and strong performance in China.
Estée Lauder Forecasts Annual Profit Above Estimates on Strong China Demand
The US cosmetics giant lifted its profit guidance on Wednesday, betting on sustained spending on premium fragrances and strong performance in China.
China’s Biggest Beauty Firm to Expand in US With Ulta Deal
Proya Cosmetics is partnering with the beauty retailer to grow in the US as it faces fierce competition in its home market.
China’s Biggest Beauty Firm to Expand in US With Ulta Deal
Proya Cosmetics is partnering with the beauty retailer to grow in the US as it faces fierce competition in its home market.
Gen-Z Luxury Buyers Are Scanning Resale First, RealReal CEO Says
More than 80 percent of the company’s fastest-growing segment — Gen Z and Millennials — are scanning the secondary market before buying new items from luxury brands.
Gen-Z Luxury Buyers Are Scanning Resale First, RealReal CEO Says
More than 80 percent of the company’s fastest-growing segment — Gen Z and Millennials — are scanning the secondary market before buying new items from luxury brands.
Frasers Group’s Mike Ashley Tightens Hold on Hugo Boss
The group increased its stake in the luxury brand to 48 percent, less than a week after its acquisition of department store chain Harvey Nichols.
Frasers Group’s Mike Ashley Tightens Hold on Hugo Boss
The group increased its stake in the luxury brand to 48 percent, less than a week after its acquisition of department store chain Harvey Nichols.
Russian E-Tailer Wildberries Hit by Wave of Ukrainian Drone Strikes
The e-commerce giant has seen at least 20 warehouses attacked since mid-July as Kyiv steps up strikes inside Russia and Moscow intensifies its bombardment of Ukraine, more than four years into its full-scale invasion.
Russian E-Tailer Wildberries Hit by Wave of Ukrainian Drone Strikes
The e-commerce giant has seen at least 20 warehouses attacked since mid-July as Kyiv steps up strikes inside Russia and Moscow intensifies its bombardment of Ukraine, more than four years into its full-scale invasion.
France’s Top Court Blocks Social Media Ban for Under-15s
France’s top court on Friday blocked a bill banning social media access for under-15s, saying it infringed upon freedom of expression.
France’s Top Court Blocks Social Media Ban for Under-15s
France’s top court on Friday blocked a bill banning social media access for under-15s, saying it infringed upon freedom of expression.
US, Canada Still See Sticking Points Before Deadline for 50% Tariffs
Canadian and US negotiators are working against an Aug. 19 deadline to avert 50 percent tariffs on Canadian goods. While discussions remain constructive, significant work is still required to resolve key trade disputes.
US, Canada Still See Sticking Points Before Deadline for 50% Tariffs
Canadian and US negotiators are working against an Aug. 19 deadline to avert 50 percent tariffs on Canadian goods. While discussions remain constructive, significant work is still required to resolve key trade disputes.
Another Lululemon Executive Exits Ahead of Incoming CEO
The departure of AI chief Ranju Das after less than a year in the role comes shortly after the chief strategy officer exited ahead of new chief executive Heidi O'Neill joining in September.
Another Lululemon Executive Exits Ahead of Incoming CEO
The departure of AI chief Ranju Das after less than a year in the role comes shortly after the chief strategy officer exited ahead of new chief executive Heidi O'Neill joining in September.
Court Lets Trump Halt Tariff Exemption for Low-Cost Goods
In a decision on Thursday, a US trade court refused to disturb executive orders that lifted the ‘de minimis’ exemption for goods with a retail value of $800 or less.
Court Lets Trump Halt Tariff Exemption for Low-Cost Goods
In a decision on Thursday, a US trade court refused to disturb executive orders that lifted the ‘de minimis’ exemption for goods with a retail value of $800 or less.
Samsonite Buys Stake in Béis for $178.5 Million
Founder and actress Shay Mitchell will retain a 15 percent stake in Béis, which will become a Samsonite subsidiary after the deal closes.
Samsonite Buys Stake in Béis for $178.5 Million
Founder and actress Shay Mitchell will retain a 15 percent stake in Béis, which will become a Samsonite subsidiary after the deal closes.
Tapestry Forecasts Strong Annual Profit as Coach Remains Hot
Resilient demand for Coach bags among young and affluent shoppers helped buoy the group, but weakness at Kate Spade led the company to forecast muted annual revenue.
Tapestry Forecasts Strong Annual Profit as Coach Remains Hot
Resilient demand for Coach bags among young and affluent shoppers helped buoy the group, but weakness at Kate Spade led the company to forecast muted annual revenue.
US Seeks Sentence for Founder of Fashion-Tech Company CaaStle
Prosecutors compared Christine Hunsicker to Elizabeth Holmes as they sought a 12.5 year prison sentence in the $300 million securities fraud case.
US Seeks Sentence for Founder of Fashion-Tech Company CaaStle
Prosecutors compared Christine Hunsicker to Elizabeth Holmes as they sought a 12.5 year prison sentence in the $300 million securities fraud case.