Hublot Taps Ex-Audemars Piguet Chief François-Henri Bennahmias as Consultant
The move, which was facilitated by Jean Arnault, comes as Hublot undergoes a repositioning in a bid to reignite sales.
San Francisco, United States
Retail
Beyond Disruption: Everlane’s Next Chapter
After public scandal threatened its ethical image, CEO Michael Preysman believes the L Catterton-backed disruptor can still win on radical transparency even as competitors lay claim to the sustainable fashion space.
Retail
Amazon Go Rival Bets Pandemic Bolstered Case for Cashierless Shopping
A start-up selling Amazon Go-like checkout technology to retailers has raised money from investors at a $1 billion valuation, minting a new unicorn a year into a pandemic that has helped bolster the case for automated checkout.
Retail
Gap Looks at Closing Stores in Some European Countries
The retailer to is hoping to save cash while dealing with a sales slump brought on by the pandemic.
Partner Content
How Shared Values Forged an Olympic Partnership at Athleta
Athleta and US Olympian Allyson Felix’s partnership is rooted in shared internal values that reflects the brand’s commitment to forwarding female empowerment.
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Retail
Gap Reports Surprise Rise in Comparable Sales Fueled by Online Demand
Analysts had forecast a 20.97 percent fall in comparable sales, but the company reported a 13 percent rise.
Technology
WeChat Users Sue to Block Trump’s Ban of Messaging App
The group of lawyers claim Trump’s 'vaguely worded' executive order violates WeChat users’ free speech and due process rights.
Retail
ThredUp Plans IPO Early Next Year
The secondhand fashion e-tailer could raise between $200 million and $300 million, people familiar with the matter said.
Beauty
Report: DTC Wellness Brand Hims Seeks Deal to Go Public
The healthcare brand is exploring the potential deal through a merger with a blank-check acquisition company that could value it at more than $1 billion.
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Retail
Levi Strauss Warns of Weak Sales Growth in Second Half of 2020
The denim brand reported a 62 percent drop in net revenue in the second quarter and said it will cut 700 jobs in order to save $100 million annually.
Retail
Gap Taps Into the Surging Corporate Demand for Face Masks
The US retailer has sold around 10 million of the non-medical grade face masks and requires a minimum of 100,000 masks per order.
Retail
Can Kanye West Save Gap?
The controversial and influential entertainer and designer will bring his Yeezy collection to Gap in a co-branded line of apparel in 2021.
Retail
Gap's Quarterly Sales Down 43% on Coronavirus Hit
Net loss came in at $932 million, or $2.51 per share, for the three months ending May 2.
The News in Brief
Dolce & Gabbana Beauty Grows Double Digits
The Italian cosmetics label expects to maintain its growth trajectory in 2026 after surpassing €1 billion ($1.12 billion) in wholesale revenues last year.
Chanel Extends Revamp as Fashion Head Pavlovsky Exits Board
The move follows CFO Philippe Blondiaux’s decision to retire at the end of this year after more than 15 years at Chanel.
Zara Billionaire Owner Ortega Buys $550 Million Chicago Tower
Pontegadea Inversiones SL acquired the 51-story One North Wacker in the city’s business district in one of the biggest US office deals this year.
Laani and Boldpurity Are Among This Year’s Estée Lauder, Nykaa Beauty&You Winners
The programme, now in its fifth year, reflect the US beauty giant’s commitment to the Indian market.
Douglas Group Names New CEO
Jean-Marc Bellaiche will succeed outgoing Sander van der Laan as chief executive of the German beauty retailer.
Lululemon Makes Changes to Fabric Team After See-Through Mishaps
The changes at the leggings maker come after a customer backlash over quality issues.
THG Lifts 2026 Profit Forecast on Nutrition Demand
The UK e-commerce platform, which owns Dermstore and Lookfantastic, forecast 2026 adjusted core profit above market expectations, driven by strong demand for its sports nutrition and supplements brand and favourable whey protein prices.