Record Global Fibre Production Pushes Fashion’s Environmental Footprint Higher
Planet-warming emissions associated with the raw materials used to make fashion, footwear and home textiles have risen 30 percent since 2019, according to a new report.
acquisition
Beauty
Revlon Aims for $5 Billion in Sales With Revitalised Brands
The company’s $419 million purchase of the unprofitable Elizabeth Arden was seen as a surprise by investors who speculated Revlon was an acquisition target rather than a buyer.
News & Analysis
With Sale to Canadian Firm, American Apparel Will Be American No Longer
"The company had no interest in American Apparel’s 110 U.S. stores, and opted not to assume leases on its distribution center in La Mirada and
Beauty
Coty to Buy Majority Stake in Younique for About $600 million
Coty has inked multiple deals, including the $12.5 billion acquisition of Procter & Gamble Co's specialty beauty business, which included brands such as Clairol and Wella.
Retail
American Apparel Goes Canadian as Gildan Buys Assets at Auction
Gildan will fold American Apparel into its North American distribution networks to gain market share in the fashion basics segment of the market.
Beauty
Valeant to Sell Skincare Brands to L’Oréal for $1.3 Billion
The three brands, CerAve, AcneFree and Ambi, have combined annual sales of about $168 million.
Retail
Alibaba Leads $2.55 Billion Bid for Chinese Retailer Intime
Intime operates 29 department stores and 17 shopping malls in China, mainly in so-called first- and second-tier cities.
Retail
Amazon-American Apparel Deal Would Please Fashionistas and Trump
American Apparel owns a clothing factory in Los Angeles, an added benefit to buying the retailer, that would position Amazon to respond to apparel trends more quickly than competitors that make clothes overseas.
Retail
Report: Amazon, Forever 21 Vying for Bankrupt American Apparel
Any successful offer would have to top a $66 million stalking horse bid by Canadian apparel maker Gildan Activewear Inc, which American Apparel agreed to when it filed for bankruptcy in November.
News & Analysis
Report: Kate Spade to Kick Off Formal Sale Process in January
Kate Spade & Co. plans to kick off a formal auction process in January with six possible bidders in mind, according to a person familiar with the situation.
News & Analysis
Report: Ruyi Group Seeking to Acquire Aquascutum for $120 Million
Shandong Ruyi Group plans to acquire iconic British trench coat maker Aquascutum for about $120 million, people with knowledge of the matter said.
Fashion Week
The Case for Global Fashion Cooperation
In today’s complex and connected world, the major challenges facing fashion can only be addressed through greater global cooperation.
Retail
Canada's Gildan Activewear Makes $66M Bid for American Apparel
Gildan Activewear Inc. is spicing up its image with a bid for American Apparel Inc., the racy and embattled purveyor of jerseys and tights.
The News in Brief
Novo Nordisk Looks to Target Hair Loss in Consumer Push
The maker of Ozempic and Wegovy seeks to expand its direct-to-consumer pharmaceutical business as rival Eli Lilly outpaces in weight-loss drugs.
On Targets High-Teens Growth Through 2029
The Swiss brand revealed its plan to keep up its momentum with new products in sports such as golf and its Mbappé-supported entry into football ahead of its investor day Tuesday.
Reference Festival to Host ‘Freie Kunst’ Event at Art Basel Paris
The event runs from Oct. 22 to 25 and will mix participants from art, fashion, music and technology as part of the festival’s tradition of a ‘radical and unhinged exchange of ideas,’ said Mumi Haiati, founder of the event’s organiser Reference Studios.
Amazon Blocks Meta’s Muse AI Agent From Its Retail Site
The e-commerce giant prohibits other companies from deploying automated tools to shop its site and started blocking Meta’s Muse on Sunday night.
Dior to Host Cruise Show in Shanghai
The LVMH-owned megabrand will show its Cruise 2028 line in the Chinese fashion capital on May 14, 2027.
Oura Seeks $2.2 Billion in US IPO
The smart ring maker plans to market 50 million shares for $40 to $44 each, according to filings, which could value the company as high as $14.1 billion.
PR Agency CGC Launches Performance Media Division
Known for its premium beauty clients including Glossier and Hermès Beauty, the agency’s new division combines influencer marketing and AI insights.