Carlos Nazario Appointed Editor in Chief of Wonderland
The fashion editor and stylist is reuniting with longtime collaborator Alastair McKimm, chief creative officer of Wonderland parent Visual Talent Ltd.
investing
Financial Markets
LVMH Takes Minority Stake in Gabriela Hearst
The investment in the nascent New York-based label was made by the conglomerate's venture arm.
Luxury
Report: Trussardi Acquired by Quattro R
Trussardi’s founding family has sold the fashion house to investment fund Quattro R, according to a report published by Italian news site Pambianco.
Financial Markets
Report: Diesel Founder Interested in Roberto Cavalli
Renzo Rosso is interested in buying the luxury brand through his OTB holding company, according to Italian paper Il Sole 24 Ore.
Financial Markets
LVMH-Backed Buyout Firm Invests in Top Chinese Gym Chain Will's
The transaction adds to the $84 billion of private equity deals announced this year involving Chinese targets.
China
China Stakes Fashion Claim in the Middle East
The Middle East is China's next new frontier in fashion, Burberry is rumoured to be eyeing a London-Shanghai stock link, and JD.com’s singles day student labour surfaces. Read China Decoded to make sense of the market.
Financial Markets
H&M Sentiment Shifts as Recent Gains Erase Year's Deep Losses
Gains of 36 percent have come on the back of better-than-expected sales data for the third quarter, as well as speculation that the company may soon become private.
Financial Markets
Tory Burch Buys Back Stake
The American fashion brand is buying back Mexican private equity firm Tresalia Capital's minority stake in the business.
Financial Markets
Walmart, Macy's Test Investors' Patience in Chasing After Amazon
Taking on Amazon — and its two-day delivery model — doesn’t come cheap, and shareholders are beginning to wonder if the heavy investments will be sustainable when demand inevitably subsides.
Financial Markets
China Industrial Output, Investment Beat Forecasts; Retail Sales Miss Expectations
Retail sales fell short of analysts' expectations, rising only 8.6 percent last month.
Financial Markets
Franklin Templeton Taps Into Israel's $67 Billion Retail Market
The Israeli government has only recently allowed foreign firms to offer offshore products directly to investors.
Financial Markets
Amazon Threat Is Spurring Money Managers to Invest in Underdogs
Fear of competition from the FAANGs can spur too much selling in less-exciting companies, despite their strong fundamentals.
Financial Markets
Influencers Are Investors Now, Too
As digital influencers gain more clout in the beauty and fashion industries, they’re trading their Instagram fame for equity in up-and-coming brands.
The News in Brief
Aritzia Seeks to More Than Double Sales by 2032
New categories and brick-and-mortar expansion beyond North America are set to drive Aritzia’s quest to hit $10.5 billion CAD ($7.5 billion).
Pop Mart Quarterly Sales Fall Up to 50% as Labubu Fad Cools
Sales in the Americas fell 70 to 75 percent.
Zegna to Take Summer Fashion Show to Beijing
The Italian label has continued to enjoy solid growth in China, defying a wider downturn in demand for European luxury. The June 11 presentation of its summer collection will be the latest in a series of travelling shows.
Beiersdorf Sales Slightly Miss Expectations on Nivea Weakness
The German consumer goods maker marginally missed market expectations for third-quarter sales growth on Tuesday, with its key Nivea brand posting a third straight quarterly sales decline.
Audemars Piguet to Certify Its Pre-Owned Watches Following Rolex
Whereas Rolex is both a buyer and seller of its second-hand watches through official retail partners, Audemars is setting up a marketplace where sellers set prices.
Mike Ashley’s Frasers Says It’s Taken Control of Hugo Boss
The British retail group has pushed its stake in the German apparel brand above 50 percent in a move that will turn Hugo Boss into a subsidiary of Frasers.
Shein Agrees to Pay $100 Million to Settle US FTC Probe
The settlement, equivalent to 44 percent of the ultra fast-fashion company’s second-quarter profit, is the latest blow amid regulatory and tax crackdowns in Europe and the US that have hampered Shein’s growth.