Shein Discloses FTC Probe in US, Warns of Significant Payments
According to documents the ultra-fast-fashion company filed in connection with its planned Hong Kong IPO, Shein is cooperating with the investigation and could face significant fines.
acquisition
News & Analysis
Indian Regulator Clears Walmart's $16 Billion Acquisition of Flipkart
The acquisition will give the US retail giant a stronger foothold in Asia's third-largest economy, where it has struggled to expand in the last decade.
Indian Regulator Clears Walmart's $16 Billion Acquisition of Flipkart
The acquisition will give the US retail giant a stronger foothold in Asia's third-largest economy, where it has struggled to expand in the last decade.
Technology
Bits & Bytes | Walmart Strikes Back at Amazon, JD.com Is Changing E-Commerce in China
This week, Walmart enters into a strategic partnership with Microsoft to rival Amazon, while JD.com's innovations are transforming rural China.
Bits & Bytes | Walmart Strikes Back at Amazon, JD.com Is Changing E-Commerce in China
This week, Walmart enters into a strategic partnership with Microsoft to rival Amazon, while JD.com's innovations are transforming rural China.
Retail
Superdry Founder Sells 6.7 Percent Stake
Julian Dunkerton, a former chief executive of the company, has sold a 6.7 percent stake in Superdry, reducing his holding to 18.5 percent.
Superdry Founder Sells 6.7 Percent Stake
Julian Dunkerton, a former chief executive of the company, has sold a 6.7 percent stake in Superdry, reducing his holding to 18.5 percent.
News & Analysis
Randa Remains Committed to Buying Perry Ellis Despite Rejection
The men's accessories maker offered to buy Perry Ellis for $28 per share, 50 cents higher than the offer from Perry Ellis founder George Feldenkreis, which the company agreed to in June.
Randa Remains Committed to Buying Perry Ellis Despite Rejection
The men's accessories maker offered to buy Perry Ellis for $28 per share, 50 cents higher than the offer from Perry Ellis founder George Feldenkreis, which the company agreed to in June.
News & Analysis
Randa Accessories Makes Offer to Buy Perry Ellis
Randa's $28-per-share offer is 50 cents higher than a competing offer from the apparel brand's founder George Feldenkreis, and could derail Feldenkreis' deal to take the company private.
Randa Accessories Makes Offer to Buy Perry Ellis
Randa's $28-per-share offer is 50 cents higher than a competing offer from the apparel brand's founder George Feldenkreis, and could derail Feldenkreis' deal to take the company private.
News & Analysis
Differential Brands to Buy Global Brands' North American Unit
The $1.38 billion deal will give Differential Brands access to licenses for brands including Calvin Klein, Under Armour and Michael Kors.
Differential Brands to Buy Global Brands' North American Unit
The $1.38 billion deal will give Differential Brands access to licenses for brands including Calvin Klein, Under Armour and Michael Kors.
Luxury
Amidst Consolidation Wave, Acne Studios Could Fetch €500m
The luxury market has seen no shortage of mergers and acquisitions and the pace is picking up with Dries Van Noten and Missoni signing deals in the past week alone.
Amidst Consolidation Wave, Acne Studios Could Fetch €500m
The luxury market has seen no shortage of mergers and acquisitions and the pace is picking up with Dries Van Noten and Missoni signing deals in the past week alone.
Luxury
Kering to Sell Christopher Kane Back to Designer
The French luxury conglomerate is in talks to sell its 51 percent stake in the label back to the British designer after a 5-year partnership.
Kering to Sell Christopher Kane Back to Designer
The French luxury conglomerate is in talks to sell its 51 percent stake in the label back to the British designer after a 5-year partnership.
News & Analysis
Bain to Acquire Cheerleading Outfitter Varsity Brands
The acquisition comes as the sport is being considered for Olympics status.
Bain to Acquire Cheerleading Outfitter Varsity Brands
The acquisition comes as the sport is being considered for Olympics status.
News & Analysis
Perry Ellis to Be Taken Private by Founder in Deal With Fortress
Founder George Feldenkreis had said that going private would let the company take a long-term view to confront challenges facing the clothing industry.
Perry Ellis to Be Taken Private by Founder in Deal With Fortress
Founder George Feldenkreis had said that going private would let the company take a long-term view to confront challenges facing the clothing industry.
News & Analysis
Prada CEO Says No Plans to Sell
Patrizio Bertelli added his son Lorenzo may one day head the company.
Prada CEO Says No Plans to Sell
Patrizio Bertelli added his son Lorenzo may one day head the company.
News & Analysis
Rue La La Buys Gilt Groupe From Hudson's Bay Co.
Founded in 2007, Gilt Groupe was once valued at $1 billion and primed to go public. But the flash sales model has since waned in popularity as off-price designer inventory became harder and harder to secure.
Rue La La Buys Gilt Groupe From Hudson's Bay Co.
Founded in 2007, Gilt Groupe was once valued at $1 billion and primed to go public. But the flash sales model has since waned in popularity as off-price designer inventory became harder and harder to secure.
The News in Brief
Frasers Group Takes a Position in Burberry
The billionaire Mike Ashley’s investment arm disclosed Tuesday it holds an interest worth a potential 4.2 percent of the voting rights in Burberry.
EssilorLuxottica Beats Forecasts, AI Glasses and Myopia Products Drive Growth
The Franco-Italian eyewear maker reported a 15 percent rise in first-half profit, beating expectations, while revenue growth was driven by strong demand for AI-enabled glasses myopia products.
Whoop Names Kyle Leahy Chief Commercial Officer
Leahy joins the wearables brand from Glossier, where she was chief executive for three years.
Chinese Jeweller Laopu Gold’s Shares Drop on Growth Outlook
The jeweller lost $2.1 billion in market value after forecasting first-half 2026 revenue growth of up to 66 percent, a sharp slowdown from last year that unsettled investors in one of China’s most viral consumer brands.
Unilever Lifts Outlook on Strongest Volume Growth in Over A Decade
Unilever upgraded its annual forecast on Tuesday, as consumers reached for brands like Vaseline and Dove despite household budget concerns stemming from the Iran war.
J&J to Pay $5.5 Billion to Settle Talc-Related Cancer Claims
Johnson & Johnson on Monday said it agreed to a $5.5 billion commitment to resolve years of litigation related to claims that its talc products caused ovarian cancer.
Lenzing Closes UK, Austria Sites in Turnaround Bid
The closures are the latest in a series of cost-cutting and refinancing measures at the textile maker, which has faced headwinds from competition in China and India.