Nivea Maker Beiersdorf Cuts Guidance for 2026, Citing Market Conditions
Beiersdorf trimmed its full-year guidance on Monday on slower-than-expected recovery at its core brand Nivea and other economic headwinds.
footwear
Retail
Birkenstock Adds Rare Default Protection Clause in Bond Deal
German Sandal maker Birkenstock has included a rare term in its debt documents to protect itself from hedge funds who might be tempted to take it down to collect compensation.
Birkenstock Adds Rare Default Protection Clause in Bond Deal
German Sandal maker Birkenstock has included a rare term in its debt documents to protect itself from hedge funds who might be tempted to take it down to collect compensation.
Luxury
A Company Paid $1.8 Million for Yeezy Sneakers So You Can Afford Them
On Monday, Sotheby’s announced it had brokered a $1.8 million sale of Kanye West’s Nike Air Yeezy 1 sneakers, making them the most expensive pair of
A Company Paid $1.8 Million for Yeezy Sneakers So You Can Afford Them
On Monday, Sotheby’s announced it had brokered a $1.8 million sale of Kanye West’s Nike Air Yeezy 1 sneakers, making them the most expensive pair of
Retail
Nike Is Launching a Secondhand Footwear Programme
The sportswear giant is the latest company to expand into the circular economy with its products.
Nike Is Launching a Secondhand Footwear Programme
The sportswear giant is the latest company to expand into the circular economy with its products.
Marketing
Nike Ranks as Most Valuable Apparel Brand While Fila Is the Fastest-Growing
The American sportswear giant nabbed the title for the seventh consecutive year, and ranked far ahead of the next highest valued brand, Gucci,
Nike Ranks as Most Valuable Apparel Brand While Fila Is the Fastest-Growing
The American sportswear giant nabbed the title for the seventh consecutive year, and ranked far ahead of the next highest valued brand, Gucci,
Retail
Allbirds Takes Steps Toward IPO
The footwear start-up, which has a $1.7 billion valuation, is hiring an employee to prep financial documents and filings required at public companies.
Allbirds Takes Steps Toward IPO
The footwear start-up, which has a $1.7 billion valuation, is hiring an employee to prep financial documents and filings required at public companies.
China
The World’s Third Largest Sportswear Company May Surprise You
In sportswear, only Nike and Adidas have a higher market cap than Chinese giant Anta. Having surpassed other international rivals in China, the ambitious group now aims to go global.
The World’s Third Largest Sportswear Company May Surprise You
In sportswear, only Nike and Adidas have a higher market cap than Chinese giant Anta. Having surpassed other international rivals in China, the ambitious group now aims to go global.
Workplace & Talent
Hunter Appoints New CEO
Paolo Porta has transitioned to a permanent CEO role at the British outdoor lifestyle and shoe retailer after serving as interim chief executive officer since June 2020.
Hunter Appoints New CEO
Paolo Porta has transitioned to a permanent CEO role at the British outdoor lifestyle and shoe retailer after serving as interim chief executive officer since June 2020.
Workplace & Talent
Clarks Replaces CEO After LionRock Acquisition
Victor Herrero will take the helm of the British shoe retailer, after Hong Kong-based investment firm LionRock Capital completed its £100 million ($139 million) purchase of the company Monday.
Clarks Replaces CEO After LionRock Acquisition
Victor Herrero will take the helm of the British shoe retailer, after Hong Kong-based investment firm LionRock Capital completed its £100 million ($139 million) purchase of the company Monday.
News & Analysis
Birkenstock Gets Reported €4 Billion Valuation in L Catterton Deal
The LVMH-backed private equity firm has taken a majority stake in the German footwear company. Financière Agache, the family office of LVMH Chairman Bernard Arnault, will also invest.
Birkenstock Gets Reported €4 Billion Valuation in L Catterton Deal
The LVMH-backed private equity firm has taken a majority stake in the German footwear company. Financière Agache, the family office of LVMH Chairman Bernard Arnault, will also invest.
Workplace & Talent
Allbirds Names Glossier, e.l.f. Execs to Board
The sustainability-focued maker of normcore flats and sneakers is seeking insights from the direct-to-consumer beauty space.
Allbirds Names Glossier, e.l.f. Execs to Board
The sustainability-focued maker of normcore flats and sneakers is seeking insights from the direct-to-consumer beauty space.
Luxury
How Birkenstock Became a Luxury Target
L Catterton is reportedly the frontrunner to acquire the original anti-fashion shoe brand, which is reaping the rewards of shoppers’ pandemic-driven desire for casual comfort.
How Birkenstock Became a Luxury Target
L Catterton is reportedly the frontrunner to acquire the original anti-fashion shoe brand, which is reaping the rewards of shoppers’ pandemic-driven desire for casual comfort.
Workplace & Talent
Aldo Group: In the Company of Kindness
On a trip to the Canadian city of Montréal, Aldo Bensadoun found himself fascinated by the city and its progressive, free spirited culture. The
Aldo Group: In the Company of Kindness
On a trip to the Canadian city of Montréal, Aldo Bensadoun found himself fascinated by the city and its progressive, free spirited culture. The
The News in Brief
Soshe Launches at Ulta Beauty
The refillable clean makeup brand will enter the complexion category as it makes its debut across over 700 Ulta Beauty doors.
Shein Said to Weigh Cost Reset for Late Backers Before IPO
The retailer is considering lowering the investment cost for late backers who came in at a valuation of up to $64 billion as it prepares to list at a much lower value, people familiar with the matter said.
GLP-1 and Cosmeceutical Skincare Usage Spike Bathroom Mini Fridge Demand
As shoppers incorporate weight-loss drugs and more sophisticated skincare into their daily routines, a cottage industry is growing.
The Met’s Next Fashion Blockbuster Will Spotlight Galliano
The fashion icon, as famous for his singular talent as a scandal that cost him one of the industry’s top jobs, will become one of only three living designers to get a major solo exhibition at the museum.
Abbvie Earnings Beat Estimates as Botox Shows Signs of Revival
Abbvie reported second quarter profit and sales that topped expectations, driven by strong demand across its immunology and neuroscience franchises and further signs of a recovery in Botox.
Puma Results Show Progress on Turnaround
The German sports brand posted a narrower loss in the second quarter as it pushed ahead with an effort to restore growth next year.
DSM-Firmenich’s Fragrance-Led Core Profit Beat Sends Shares Higher
DSM-Firmenich beat market expectations for second-quarter core earnings, said full-year sales growth should reach the upper end of its target range on the back of broad-based volume growth.