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The News In Brief

Technology

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.

Technology

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.


Retail

Shein Loses UK Copyright Lawsuit Against Temu Over Clothing Photos

The ultra-fast fashion platform lost the first round of a ​London legal battle against its rival for alleged copyright ‌infringement in relation to photos of some of its products.

Retail

Shein Loses UK Copyright Lawsuit Against Temu Over Clothing Photos

The ultra-fast fashion platform lost the first round of a ​London legal battle against its rival for alleged copyright ‌infringement in relation to photos of some of its products.


Retail

Birkenstock Nudges Forecast Higher on Solid Sandal Demand

The German brand bumped its sales forecast to the upper limit of its target range and posted strong quarterly earnings as consumers snapped up its sandals and clogs.

Retail

Birkenstock Nudges Forecast Higher on Solid Sandal Demand

The German brand bumped its sales forecast to the upper limit of its target range and posted strong quarterly earnings as consumers snapped up its sandals and clogs.


Luxury

Richemont’s Panerai Brand Gets No Relief From Luxury Watch Revival

As the secondary market for timepieces rebounds, Cartier is grabbing buyer attention and there’s renewed enthusiasm around Vacheron Constantin, throwing the lack of interest in Panerai into stark contrast.

Luxury

Richemont’s Panerai Brand Gets No Relief From Luxury Watch Revival

As the secondary market for timepieces rebounds, Cartier is grabbing buyer attention and there’s renewed enthusiasm around Vacheron Constantin, throwing the lack of interest in Panerai into stark contrast.


Beauty

Allies of Skin’s Founder Nicolas Travis Has Resigned

The Singapore-based luxury skincare brand has also appointed Alicia Valencia as interim president.

Beauty

Allies of Skin’s Founder Nicolas Travis Has Resigned

The Singapore-based luxury skincare brand has also appointed Alicia Valencia as interim president.


Retail

Fabletics Seeks to Double Revenue to $2 Billion in Global Expansion

The US-based activewear brand plans to double annual revenue to $2 billion within five years, in part by opening dozens of new stores in markets such as India, Mexico and the United Arab Emirates.

Retail

Fabletics Seeks to Double Revenue to $2 Billion in Global Expansion

The US-based activewear brand plans to double annual revenue to $2 billion within five years, in part by opening dozens of new stores in markets such as India, Mexico and the United Arab Emirates.


Retail

On Sneaker Brand’s Shares Slump After Sales Disappoint

The Swiss brand's stock tumbled after it posted disappointing second-quarter sales and issued a slightly more cautious sales forecast for the year.

Retail

On Sneaker Brand’s Shares Slump After Sales Disappoint

The Swiss brand's stock tumbled after it posted disappointing second-quarter sales and issued a slightly more cautious sales forecast for the year.


Beauty

Natura Posts 92% Decline in Quarterly Profit

Brazilian cosmetic maker Natura on Monday posted a second-quarter net profit of 35 million reais ($6.85 million), a ​92.1 percent ⁠decline from the same period in 2025.

Beauty

Natura Posts 92% Decline in Quarterly Profit

Brazilian cosmetic maker Natura on Monday posted a second-quarter net profit of 35 million reais ($6.85 million), a ​92.1 percent ⁠decline from the same period in 2025.


Luxury

Report: Armani Stake Sale Could Be Delayed Beyond March 2027 Deadline

Citing company sources, Italian newspaper Corriere ‌della Sera said market conditions for the luxury industry were still challenging and negotiating a deal could require time.

Luxury

Report: Armani Stake Sale Could Be Delayed Beyond March 2027 Deadline

Citing company sources, Italian newspaper Corriere ‌della Sera said market conditions for the luxury industry were still challenging and negotiating a deal could require time.


Retail

Shein to Launch IPO as Soon as August 19, Sources Say

The Hong Kong IPO could take place as soon as Wednesday of next week, two people with knowledge of the matter said on Tuesday.

Retail

Shein to Launch IPO as Soon as August 19, Sources Say

The Hong Kong IPO could take place as soon as Wednesday of next week, two people with knowledge of the matter said on Tuesday.


Retail

John Lewis Managing Director Quits Job After Less Than Three Years

Peter Ruis' surprise departure comes as the company faces “really tough” trading conditions.

Retail

John Lewis Managing Director Quits Job After Less Than Three Years

Peter Ruis' surprise departure comes as the company faces “really tough” trading conditions.


Retail

Harvey Nichols Warns It Could Collapse Without Rescue Deal

The upscale department store says it will not be able to survive another year without new investment, as bidders for the chain circle.

Retail

Harvey Nichols Warns It Could Collapse Without Rescue Deal

The upscale department store says it will not be able to survive another year without new investment, as bidders for the chain circle.