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The Business of Fashion

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Retail

Report: Adidas, Beyoncé End ‘Ivy Park’ Partnership

Adidas AG and pop star Beyoncé have reportedly ended their partnership following disappointing sales, just as the German sportswear maker struggles with the fallout of the collapse of its Yeezy shoe alliance.

Beauty

Brazilian Beauty Giant Natura Proposes 32 Percent Cut to Management Pay

Brazilian cosmetics maker Natura & Co is seeking to cut executive pay by 32 percent as part of an overhaul aimed at restoring investor trust.

Luxury

Italian Fashion Group Kiton Interested in IPO but as Long-Term Project

Italy’s Kiton is interested in a potential market listing but sees an initial public offer as a long-term project, the fashion group’s chief executive said on Thursday.

Sports

What a Winning Strategy Looks Like in Today’s Sneaker Market

Nike and On are dominating the sneaker category today thanks to their focus on performance-driven products and discipline in their direct channels.

Retail

Vans Knows You’re Sick of Their Shoes

For 15 years, the canvas sneaker giant rode a wave of teen demand for its classic styles, only to find itself on the outs when customers moved on to more innovative footwear. Will its new products drive growth again?

Retail

Fashion Retailer Scotch & Soda Seeks Bankruptcy for Dutch Operations

Privately held retailer Scotch & Soda, which is based in Amsterdam, has filed a bankruptcy request for its Dutch operations, newspaper Het Financieele Dagblad (FD) reported on Monday, citing a company statement.

Technology

Pinduoduo Owner’s Revenue Falls Short on Weak China Consumer Spending

PDD Holdings Inc, which owns discount e-commerce platforms Pinduoduo and Temu, missed expectations on Monday for fourth-quarter revenue as China’s post-reopening consumer recovery remains patchy.

Retail

Zara Owner Inditex’s Americas Profits Surge as China Slips

Asia was an outlier for Zara owner Inditex last year, the only region where profits fell as China faced Covid-19 lockdowns, while profit ballooned in the Americas, the fashion retailer’s annual report showed on Thursday.

Retail

John Lewis Cancels Employee Bonus as Losses Mount

John Lewis Partnership intends to cut another 1,000 roles as part of a wide-ranging restructuring in yet another blow to Britain’s beleaguered retail industry.

Luxury

Cucinelli Raises Sales Growth Forecast for 2023

Italian luxury group Brunello Cucinelli on Wednesday raised its sales growth guidance for 2023 to 15%, up from its previous estimate of 12%, on the back of a strong start to the year and significant orders for coming seasons.

Retail

Inditex’s Massimo Dutti Chain Stumbles as Officewear Goes Casual

Zara owner Inditex SA is struggling to reverse an earnings decline at its formal-wear chain Massimo Dutti as mid-range officewear is hit particularly hard by the cost-of-living crisis.

Luxury

London Fears Losing Luxury Shoppers to Paris and Milan

With the UK no longer offering tax breaks to international shoppers, customers are instead flocking to Paris and Milan.

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