Thom Bettridge to Step Down as I-D Editor in Chief
Global editorial director Steff Yotka will succeed Bettridge, who is leaving to focus on his creative studio Content World.
acquisition
Retail
Totokaelo Acquired by Herschel Supply Co. Owner
Young-luxury retailer Totokaelo, which opened an ambitious store in New York City last autumn, has entered into a deal with Vancouver-based Herschel Capital Corp., the owner of accessories brand Herschel Supply Co.
Totokaelo Acquired by Herschel Supply Co. Owner
Young-luxury retailer Totokaelo, which opened an ambitious store in New York City last autumn, has entered into a deal with Vancouver-based Herschel Capital Corp., the owner of accessories brand Herschel Supply Co.
News & Analysis
E-Land Sells Teenie Weenie to Chinese Label in $900 Million Deal
E-Land Group said it will sell Teenie Weenie to Chinese fashion house V-Grass Fashion Co. in a deal that reflects Chinese consumers’ shifting preference for more premium products.
E-Land Sells Teenie Weenie to Chinese Label in $900 Million Deal
E-Land Group said it will sell Teenie Weenie to Chinese fashion house V-Grass Fashion Co. in a deal that reflects Chinese consumers’ shifting preference for more premium products.
Technology
From Goldman to Google, Wal-Mart Hands Jet.Com’s Backers a Win
With Wal-Mart buying Jet.com for $3.3 billion, some of the biggest names on Wall Street and Silicon Valley from Goldman Sachs Group Inc. to Google’s venture arm are cashing in.
From Goldman to Google, Wal-Mart Hands Jet.Com’s Backers a Win
With Wal-Mart buying Jet.com for $3.3 billion, some of the biggest names on Wall Street and Silicon Valley from Goldman Sachs Group Inc. to Google’s venture arm are cashing in.
News & Analysis
Wal-Mart to Buy Jet.com to Compete with Amazon
Wal-Mart will buy Jet.com for about $3 billion, the largest-ever deal for an e-commerce startup, as it races to build a web business to compete with Amazon.
Wal-Mart to Buy Jet.com to Compete with Amazon
Wal-Mart will buy Jet.com for about $3 billion, the largest-ever deal for an e-commerce startup, as it races to build a web business to compete with Amazon.
Technology
Wal-Mart’s Deal for Jet.com Said to Hinge on Keeping Founder
Wal-Mart and Jet.com are trying to close a $3 billion acquisition that will require Jet founder Marc Lore to head the retailer’s online division for several years, according to people familiar with the matter.
Wal-Mart’s Deal for Jet.com Said to Hinge on Keeping Founder
Wal-Mart and Jet.com are trying to close a $3 billion acquisition that will require Jet founder Marc Lore to head the retailer’s online division for several years, according to people familiar with the matter.
News & Analysis
Wal-Mart in Talks to Buy Online Retailer Jet.com
Wal-Mart is in talks to buy online retailer Jet.com, the Wall Street Journal reported, citing people familiar with the matter.
Wal-Mart in Talks to Buy Online Retailer Jet.com
Wal-Mart is in talks to buy online retailer Jet.com, the Wall Street Journal reported, citing people familiar with the matter.
News & Analysis
Flipkart Buys Jabong to Expand Online Fashion Sales in India
Flipkart will buy Rocket Internet SE-backed online retailer Jabong for $70 million in cash to create India’s biggest fashion e-commerce business.
Flipkart Buys Jabong to Expand Online Fashion Sales in India
Flipkart will buy Rocket Internet SE-backed online retailer Jabong for $70 million in cash to create India’s biggest fashion e-commerce business.
News & Analysis
Hermès Takes Stake in Pierre Hardy
French luxury house Hermès Group has acquired a minority stake in footwear and accessory company Pierre Hardy, as it seeks to strengthen ties with its eponymous founder.
Hermès Takes Stake in Pierre Hardy
French luxury house Hermès Group has acquired a minority stake in footwear and accessory company Pierre Hardy, as it seeks to strengthen ties with its eponymous founder.
Beauty
Revlon’s Arden Deal Boosts Debt Now, Cuts Costs Later
The company is working to ensure the full realisation of the expected savings from the integration of Elizabeth Arden’s operating systems, but that will take time and represents a risk to investors, say analysts.
Revlon’s Arden Deal Boosts Debt Now, Cuts Costs Later
The company is working to ensure the full realisation of the expected savings from the integration of Elizabeth Arden’s operating systems, but that will take time and represents a risk to investors, say analysts.
Beauty
Insustrial Firm Sulzer Shares Soar After Expansion Into Cosmetics
Sulzer shares surged after the Swiss industrial company agreed to buy German mascara-brush maker Geka GmbH for $289 million in a bid to expand into cosmetics supplies from its main business of pumps for oil and mining.
Insustrial Firm Sulzer Shares Soar After Expansion Into Cosmetics
Sulzer shares surged after the Swiss industrial company agreed to buy German mascara-brush maker Geka GmbH for $289 million in a bid to expand into cosmetics supplies from its main business of pumps for oil and mining.
News & Analysis
Dick's Sporting Goods Set To Win Auction for Bankrupt Sports Authority
Dick's Sporting Goods is set to win the auction for the intellectual property of bankrupt competitor Sports Authority with a bid of $15 million, according to people familiar with the matter.
Dick's Sporting Goods Set To Win Auction for Bankrupt Sports Authority
Dick's Sporting Goods is set to win the auction for the intellectual property of bankrupt competitor Sports Authority with a bid of $15 million, according to people familiar with the matter.
Technology
Alipay Could Take Stake in Wirecard
Wirecard is negotiating with representatives of Alipay, a unit of Chinese e-commerce giant Alibaba, about it taking a stake of up to 25 percent in the German banking software company, a newspaper reported.
Alipay Could Take Stake in Wirecard
Wirecard is negotiating with representatives of Alipay, a unit of Chinese e-commerce giant Alibaba, about it taking a stake of up to 25 percent in the German banking software company, a newspaper reported.
The News in Brief
Under Armour Forecasts Steeper Annual Sales Decline
The athletic apparel maker is struggling with weak consumer demand amid macroeconomic uncertainty in its key North American market.
Skims to Enter India Through Partnership With Reliance Brands
The luxury arm of Reliance Retail will operate the Skims brand across physical and digital channels, beginning with Delhi and Mumbai.
Vogue World 2027 Will Be Held in San Francisco
The sixth edition of the annual runway spectacle will return to the US after this year's outing in Milan.
Capri Cuts Revenue Outlook as Iran War Hits Michael Kors Sales
Congestion at ports in Asia combined with weaker demand across Europe and emerging markets from the war hurt sales, the company said.
Sydney Towle, Influencer and Health Activist, Has Died
Towle, known for sharing her life as a young woman living with cancer, passed away aged 26 on Wednesday.
Ralph Lauren Beats Estimates on Demand From Affluent Shoppers
Strong sales among young and affluent shoppers helped drive quarterly revenue above analysts' expectations.
Kenvue Misses Estimates as Inflation, Tariffs Squeeze Margins
The US consumer health company and parent of Neutrogena narrowly missed Wall Street estimates for second-quarter results as tariffs and currency-related costs offset sales gains.