Amazon Loses US Court Ban on Perplexity’s AI Shopping Tools
The ruling is the first by a federal appeals court to address whether AI agents acting on behalf of users can legally access online platforms.
footwear
Direct-to-Consumer
Warby Parker and Wall Street’s Verdict On DTC
Warby Parker’s stock market performance will test if investors buy into the direct-to-consumer playbook of prioritising growth over profit.
Warby Parker and Wall Street’s Verdict On DTC
Warby Parker’s stock market performance will test if investors buy into the direct-to-consumer playbook of prioritising growth over profit.
Luxury
The Business Vision Behind Balenciaga’s ‘New Era’
From a couture revival to winning the Met Gala, the Kering-owned brand is white-hot. Ahead of its buzzed-about Paris Fashion Week show Saturday, CEO Cedric Charbit speaks to BoF about the strategy behind ‘new era’ Balenciaga and his plan for pushing sales to the next level.
The Business Vision Behind Balenciaga’s ‘New Era’
From a couture revival to winning the Met Gala, the Kering-owned brand is white-hot. Ahead of its buzzed-about Paris Fashion Week show Saturday, CEO Cedric Charbit speaks to BoF about the strategy behind ‘new era’ Balenciaga and his plan for pushing sales to the next level.
Luxury
Canada Goose Expands Into Footwear
With the release of a $1,300 winter boot, Canada Goose is looking beyond its puffer jacket hero product.
Canada Goose Expands Into Footwear
With the release of a $1,300 winter boot, Canada Goose is looking beyond its puffer jacket hero product.
Retail
Crocs Expects to Double Sales by 2026
Shares of Crocs Inc. soared to a record high after the footwear retailer said it expects its revenue to climb to more than $5 billion by 2026.
Crocs Expects to Double Sales by 2026
Shares of Crocs Inc. soared to a record high after the footwear retailer said it expects its revenue to climb to more than $5 billion by 2026.
Retail
Allbirds Files for IPO
Allbirds Inc. is moving ahead with an initial public offering as it expands beyond the wool trainers that have become the unofficial footwear of Silicon Valley.
Allbirds Files for IPO
Allbirds Inc. is moving ahead with an initial public offering as it expands beyond the wool trainers that have become the unofficial footwear of Silicon Valley.
Sustainability
Allbirds Expands into Activewear
The direct-to-consumer brand known for its eco-conscious ethos and wool sneakers is venturing into the booming market for sportswear, expanding into the new category amid signs it is preparing to go public.
Allbirds Expands into Activewear
The direct-to-consumer brand known for its eco-conscious ethos and wool sneakers is venturing into the booming market for sportswear, expanding into the new category amid signs it is preparing to go public.
Entrepreneurship
The Road Ahead for Black Designers
Over the last year, unprecedented industry support has helped to level the playing field, but Black founders still face plenty of hurdles.
The Road Ahead for Black Designers
Over the last year, unprecedented industry support has helped to level the playing field, but Black founders still face plenty of hurdles.
Retail
Under Armour Boosts Forecasts as Athletic Apparel Revenue More Than Doubles
Under Armour Inc raised its annual forecasts on Tuesday after its quarterly results topped estimates on strong demand for its athletic apparel and footwear, while customers return to gyms and yoga classes following easing of coronavirus curbs.
Under Armour Boosts Forecasts as Athletic Apparel Revenue More Than Doubles
Under Armour Inc raised its annual forecasts on Tuesday after its quarterly results topped estimates on strong demand for its athletic apparel and footwear, while customers return to gyms and yoga classes following easing of coronavirus curbs.
Global Markets
Arezzo & Co Acquires Streetwear Player BAW for $20.5 Million
The Brazilian footwear and accessories conglomerate purchased BAW, a digitally-native streetwear brand, for 105 million Brazilian reais ($20.5 million) last Friday.
Arezzo & Co Acquires Streetwear Player BAW for $20.5 Million
The Brazilian footwear and accessories conglomerate purchased BAW, a digitally-native streetwear brand, for 105 million Brazilian reais ($20.5 million) last Friday.
Luxury
Christian Louboutin, Idris Elba and Sabrina Dhowre Elba Launch Charity Shoe Collection
Hoping to draw attention to issues after they are no longer “trending,” Louboutin and Elba along with his wife, the model Sabrina Dhowre Elba, are donating 100 percent of the proceeds to charities focused on preventing racial injustice.
Christian Louboutin, Idris Elba and Sabrina Dhowre Elba Launch Charity Shoe Collection
Hoping to draw attention to issues after they are no longer “trending,” Louboutin and Elba along with his wife, the model Sabrina Dhowre Elba, are donating 100 percent of the proceeds to charities focused on preventing racial injustice.
Retail
Rothy’s Built a Cult Hero Product For Women. Can It Do the Same With Men?
The direct-to-consumer footwear company is releasing sneakers and loafers in a bid for the men’s footwear market.
Rothy’s Built a Cult Hero Product For Women. Can It Do the Same With Men?
The direct-to-consumer footwear company is releasing sneakers and loafers in a bid for the men’s footwear market.
Retail
Report: Authentic Brands Group Makes $1 Billion Bid for Reebok
If a deal materialises, the licensing company would add Reebok to a roster of brands such as Juicy Couture, Nine West and Frye. The New York Post
Report: Authentic Brands Group Makes $1 Billion Bid for Reebok
If a deal materialises, the licensing company would add Reebok to a roster of brands such as Juicy Couture, Nine West and Frye. The New York Post
The News in Brief
Report: Abercrombie to Seek Fresh Backers for China Business
The US-listed company is conducting a review of its Chinese assets and may sell a stake in the unit, which could be valued at several hundred million dollars, Bloomberg reported.
Chanel Sales Up 16% in First Half
Chanel’s sales are accelerating after returning to growth last year, Bloomberg reported citing an unnamed source. Beauty sales rose 8 percent.
P&G to Buy Supplement Maker Thorne for $3.8 Billion
Shailesh Jejurikar, chief executive of the American personal care conglomerate, told CNBC it will acquire the line from LVMH-backed private equity firm L Catterton.
Eli Lilly to Offer Early Access to Next-Gen Obesity Drug to Some Patients
Eli Lilly said on Monday it would allow a limited number of patients to have early access to its experimental obesity drug, retatrutide, before its US FDA approval.
India’s Nykaa Posts Higher Quarterly Profit on Strong Beauty Demand, Fashion Growth
India’s FSN E-Commerce Ventures, which operates beauty and fashion retailer Nykaa, reported a more than three-fold rise in quarterly profit on Tuesday, boosted by strong growth in its beauty business and a sharp acceleration in fashion sales.
Ferragamo Returns to Profit as Relaunch Strategy Advances
The Italian luxury brand swung to a net profit for the first half after growing sales in the second quarter, with turnaround efforts particularly evident in its directly owned shops.
Shein Seeks $30 Billion to $40 Billion Valuation for August IPO, Sources Say
The valuation target marks a dramatic reset for Shein, which plans to launch its IPO as early as mid-August, three people familiar with the matter said.