Court Lets Trump Halt Tariff Exemption for Low-Cost Goods
In a decision on Thursday, a US trade court refused to disturb executive orders that lifted the ‘de minimis’ exemption for goods with a retail value of $800 or less.
investment
Luxury
Chat-Based E-Tailer Threads Styling Acquired by Chalhoub Group
The deal will allow Threads Styling to deepen its ties with the key Middle Eastern market, while its new owner strengthens an improved digital and global presence.
Chat-Based E-Tailer Threads Styling Acquired by Chalhoub Group
The deal will allow Threads Styling to deepen its ties with the key Middle Eastern market, while its new owner strengthens an improved digital and global presence.
Sports
Case Study | Can On Set a New Pace for Sportswear?
On hasn’t taken long to turn its unconventional performance-running shoes into one of the world’s most recognisable footwear brands. The Swiss company, launched in 2010, has won credibility with the running elite while cultivating a loyal fashion fanbase, with support from tennis star Roger Federer.
Case Study | Can On Set a New Pace for Sportswear?
On hasn’t taken long to turn its unconventional performance-running shoes into one of the world’s most recognisable footwear brands. The Swiss company, launched in 2010, has won credibility with the running elite while cultivating a loyal fashion fanbase, with support from tennis star Roger Federer.
Sustainability
Can Patagonia Make Capitalism Climate Friendly?
The company has become a standard bearer for responsible capitalism. But founder Yvon Chouinard’s latest move – giving over most of the company’s shares to a non-profit – will be a tough act for others to follow.
Can Patagonia Make Capitalism Climate Friendly?
The company has become a standard bearer for responsible capitalism. But founder Yvon Chouinard’s latest move – giving over most of the company’s shares to a non-profit – will be a tough act for others to follow.
Retail
Everlane Raises $90 Million in Debt
The direct-to-consumer brand has secured $65 million in revolving credit and an additional $25 million loan.
Everlane Raises $90 Million in Debt
The direct-to-consumer brand has secured $65 million in revolving credit and an additional $25 million loan.
Sustainability
Patagonia’s Radical New Ownership Structure, Explained
Founder Yvon Chouinard has transferred ownership of his company to ensure all profits are directed to combat climate change.
Patagonia’s Radical New Ownership Structure, Explained
Founder Yvon Chouinard has transferred ownership of his company to ensure all profits are directed to combat climate change.
Retail
Joules Group, Next Plc End Investment Talks, Shares Dive 45%
Joules Group said on Tuesday it was no longer in talks with retailer Next Plc over a potential £15 million ($17.29 million) equity investment in the British fashion group, sending its shares down more than 45 percent.
Joules Group, Next Plc End Investment Talks, Shares Dive 45%
Joules Group said on Tuesday it was no longer in talks with retailer Next Plc over a potential £15 million ($17.29 million) equity investment in the British fashion group, sending its shares down more than 45 percent.
Retail
Zara Billionaire Bets $700 Million in Move Into US Logistics
Ortega family investment company Pontegadea bought five logistics centres in the US states of Tennessee, South Carolina, Virginia, Pennsylvania and Texas from Realty Income Corp. for about $722 million.
Zara Billionaire Bets $700 Million in Move Into US Logistics
Ortega family investment company Pontegadea bought five logistics centres in the US states of Tennessee, South Carolina, Virginia, Pennsylvania and Texas from Realty Income Corp. for about $722 million.
Luxury
Marco de Vincenzo’s Plan for Etro
Last year, L Catterton took a 60 percent stake in the Italian label, triggering a shakeup. “I know what Etro should be and it's definitely not boho,” said new designer Marco de Vincenzo ahead of his Milan debut. “That world is over.”
Marco de Vincenzo’s Plan for Etro
Last year, L Catterton took a 60 percent stake in the Italian label, triggering a shakeup. “I know what Etro should be and it's definitely not boho,” said new designer Marco de Vincenzo ahead of his Milan debut. “That world is over.”
Entrepreneurship
Kim Kardashian to Launch Private Equity Firm With Former Carlyle Partner
The new firm to be launched by Kardashian and Jay Sammons will be named SKKY Partners, the WSJ reported, citing interviews with them.
Kim Kardashian to Launch Private Equity Firm With Former Carlyle Partner
The new firm to be launched by Kardashian and Jay Sammons will be named SKKY Partners, the WSJ reported, citing interviews with them.
Entrepreneurship
Téthys Joins General Atlantic to Back DTC Brand Sézane
The Bettencourt-Meyers family office is taking a minority stake in the Paris-based fashion label, whose sales have skyrocketed in recent years.
Téthys Joins General Atlantic to Back DTC Brand Sézane
The Bettencourt-Meyers family office is taking a minority stake in the Paris-based fashion label, whose sales have skyrocketed in recent years.
Beauty
The Debrief | The Transformation of the Black Hair Care Market
BoF’s Sheena Butler-Young and Tamison O’Connor join Lauren Sherman to discuss how a new generation of entrepreneurs are driving growth in this underdeveloped category.
The Debrief | The Transformation of the Black Hair Care Market
BoF’s Sheena Butler-Young and Tamison O’Connor join Lauren Sherman to discuss how a new generation of entrepreneurs are driving growth in this underdeveloped category.
Global Markets
Will Social Commerce Pay Off in India?
With young Indians hooked on short-form video content, global brands are investing in social commerce and live shopping trials to gain an edge in the rapidly growing market.
Will Social Commerce Pay Off in India?
With young Indians hooked on short-form video content, global brands are investing in social commerce and live shopping trials to gain an edge in the rapidly growing market.
The News in Brief
Samsonite Buys Stake in Béis for $178.5 Million
Founder and actress Shay Mitchell will retain a 15 percent stake in Béis, which will become a Samsonite subsidiary after the deal closes.
Tapestry Forecasts Strong Annual Profit as Coach Remains Hot
Resilient demand for Coach bags among young and affluent shoppers helped buoy the group, but weakness at Kate Spade led the company to forecast muted annual revenue.
US Seeks Sentence for Founder of Fashion-Tech Company CaaStle
Prosecutors compared Christine Hunsicker to Elizabeth Holmes as they sought a 12.5 year prison sentence in the $300 million securities fraud case.
Shein Loses UK Copyright Lawsuit Against Temu Over Clothing Photos
The ultra-fast fashion platform lost the first round of a London legal battle against its rival for alleged copyright infringement in relation to photos of some of its products.
Birkenstock Nudges Forecast Higher on Solid Sandal Demand
The German brand bumped its sales forecast to the upper limit of its target range and posted strong quarterly earnings as consumers snapped up its sandals and clogs.
Richemont’s Panerai Brand Gets No Relief From Luxury Watch Revival
As the secondary market for timepieces rebounds, Cartier is grabbing buyer attention and there’s renewed enthusiasm around Vacheron Constantin, throwing the lack of interest in Panerai into stark contrast.
Allies of Skin’s Founder Nicolas Travis Has Resigned
The Singapore-based luxury skincare brand has also appointed Alicia Valencia as interim president.