Arnault Clan to Change LVMH Holding Structure to Ensure Control
Under the plan, the world’s biggest luxury group will be controlled by one entity, Agache SCA, after Christian Dior SE, one of the current holding companies of LVMH, is delisted.
Cyber Crime
Latest News & Analysis
Retail
460,000 Uniqlo Online Accounts Accessed in Japan Hack
On Monday Uniqlo announced that at least 460,000 accounts we accessed by hackers registered on Fast Retailing’s Japanese shopping website.
Retail
Luxury Retail's War with Organised Crime
The number of smash-and-grab thefts in the fashion and luxury industry is rising. How can retailers protect themselves?
Technology
Brooks Brothers Discloses Payment Card Data Breach
The company said an unauthorised individual installed malicious software designed to capture card information on some of its payment processing systems.
Technology
EU Rules to Stem Payment Fraud May Disrupt €6 Billion of E-Commerce: Visa
The European Union's planned rules to reduce fraud by forcing the use of passwords or codes to authenticate electronic payments may not increase security, Visa said.
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Technology
What Fashion Needs to Know About Cybersecurity
As cyber attacks become more frequent and more severe, how can fashion businesses protect themselves and their customers?
Financial Markets
Target’s Shares Lift to All-Time High
Target's stock hit an all-time high on Monday as the discount retailer moves forward with shuttering its unprofitable operation in Canada and the fallout recedes from its damaging 2013 data breach.
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The News in Brief
JD Sports Says Nike Turnaround Is Only a Matter of Time
Dominic Platt, chief financial officer of the British sportswear retailer, told Reuters, ‘Much as there's a lot of talk about Nike, it's still the most popular brand out there and it's still a very strong brand.’
Chanel Plans to Keep Investing in China Despite Demand Downturn
CEO Leena Nair pointed to the brand’s recent renovation of its Plaza 66 boutique in Shanghai, calling China ‘a market where the clients understand sophistication, refinement.’
Meta Expected to Unveil Smart Glasses Without Camera
Smart glasses have become a target of criticism in recent months amid growing concerns they can be used to record people without their consent.
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.
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.