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.
investing
Technology
Bits & Bytes | Amazon Clothes, Apple Watch Shipments, Souq.com Funding
Bits and Bytes is a weekly roundup of the most important news in the fast evolving fashion-tech space.
Bits & Bytes | Amazon Clothes, Apple Watch Shipments, Souq.com Funding
Bits and Bytes is a weekly roundup of the most important news in the fast evolving fashion-tech space.
Financial Markets
Einhorn Buys Macy’s Stake Saying It Could Be a Takeover Target
Greenlight Capital, the hedge fund firm led by David Einhorn, said it made a new investment in retailer Macy’s Inc. in the fourth quarter, to "unlock the value" of its land and buildings.
Einhorn Buys Macy’s Stake Saying It Could Be a Takeover Target
Greenlight Capital, the hedge fund firm led by David Einhorn, said it made a new investment in retailer Macy’s Inc. in the fourth quarter, to "unlock the value" of its land and buildings.
Financial Markets
Alibaba’s Taobao Signs Up China’s Largest Bad-Loan Manager
Alibaba Group Holding Ltd. has signed up China’s largest bad loans manager to sell troubled assets through its online marketplace as the e-commerce giant seeks to extend its reach beyond retail sales.
Alibaba’s Taobao Signs Up China’s Largest Bad-Loan Manager
Alibaba Group Holding Ltd. has signed up China’s largest bad loans manager to sell troubled assets through its online marketplace as the e-commerce giant seeks to extend its reach beyond retail sales.
Financial Markets
Hawkins and Sawiris Forge Investment Partnership, with Adidas in Sights
Egyptian tycoon Nassef Sawiris has formed a partnership with US investor Mason Hawkins to drive change at companies they invest in — and they have sportswear firm Adidas in their sights.
Hawkins and Sawiris Forge Investment Partnership, with Adidas in Sights
Egyptian tycoon Nassef Sawiris has formed a partnership with US investor Mason Hawkins to drive change at companies they invest in — and they have sportswear firm Adidas in their sights.
Financial Markets
Is There Still Hope for Fashion Crowdfunding?
With new equity crowdfunding regulations now in place, some fashion labels and platforms see new potential in the model.
Is There Still Hope for Fashion Crowdfunding?
With new equity crowdfunding regulations now in place, some fashion labels and platforms see new potential in the model.
Financial Markets
Amazon Challenger Jet.com Announces $350 Million Investment
E-commerce startup Jet.com announced a $350 million cash infusion led by Fidelity Investments, providing money to help the company attract customers during its first holiday shopping season.
Amazon Challenger Jet.com Announces $350 Million Investment
E-commerce startup Jet.com announced a $350 million cash infusion led by Fidelity Investments, providing money to help the company attract customers during its first holiday shopping season.
Financial Markets
Urban Outfitters Drops After Announcing Plan to Buy Pizza Chain
Stock fell as much as 10 percent on Monday after Urban Outfitters announced the acquisition of Philadelphia’s Vetri Family group of restaurants.
Urban Outfitters Drops After Announcing Plan to Buy Pizza Chain
Stock fell as much as 10 percent on Monday after Urban Outfitters announced the acquisition of Philadelphia’s Vetri Family group of restaurants.
Financial Markets
Alibaba to Invest in US Startups as Part of Expansion Plan
HANGZHOU, China — Alibaba Group Holding Ltd. will invest in startups in the U.S. and help bring them to China as part of its expansion plan, said
Alibaba to Invest in US Startups as Part of Expansion Plan
HANGZHOU, China — Alibaba Group Holding Ltd. will invest in startups in the U.S. and help bring them to China as part of its expansion plan, said
Financial Markets
Chinese E-Commerce Stocks Rally in US After Alibaba Earnings
Chinese e-commerce stocks got a boost from Alibaba Group Holding Ltd.’s better-than-forecast earnings as investors bet the country’s economic slowdown isn’t hurting online consumer spending.
Chinese E-Commerce Stocks Rally in US After Alibaba Earnings
Chinese e-commerce stocks got a boost from Alibaba Group Holding Ltd.’s better-than-forecast earnings as investors bet the country’s economic slowdown isn’t hurting online consumer spending.
Financial Markets
Why Isn’t There an Italian LVMH?
As LVMH, Richemont and Kering enter a period of consolidation, there is no Italian conglomerate to take them on in the fight for ownership of Italy’s brands. Why?
Why Isn’t There an Italian LVMH?
As LVMH, Richemont and Kering enter a period of consolidation, there is no Italian conglomerate to take them on in the fight for ownership of Italy’s brands. Why?
Financial Markets
Can This Little Label Ever Play in Lululemon's League?
The latest indie brand to attract investor attention is Outdoor Voices, which announced today that it’s raising $7 million in venture funding in a round led by General Catalyst.
Can This Little Label Ever Play in Lululemon's League?
The latest indie brand to attract investor attention is Outdoor Voices, which announced today that it’s raising $7 million in venture funding in a round led by General Catalyst.
Beauty
Makeup Startup Ipsy Said to Be Valued at $500 Million
Ipsy, a cosmetics-subscription service with $130 million in annual sales, raised $100 million in a second round of funding led by TPG and Sherpa Ventures.
Makeup Startup Ipsy Said to Be Valued at $500 Million
Ipsy, a cosmetics-subscription service with $130 million in annual sales, raised $100 million in a second round of funding led by TPG and Sherpa Ventures.
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.