Alexandre Arnault Joins Nike’s Board of Directors
The LVMH executive joins Nike’s board as the sportswear giant prepares to be removed from the S&P 100 index after nearly two decades.
investment
Technology
Allbirds Soars 461% After Sneaker Firm Rebrands as AI Stock
The struggling sneaker company has announced a pivot to AI computing infrastructure, immediately sending its stock soaring.
Allbirds Soars 461% After Sneaker Firm Rebrands as AI Stock
The struggling sneaker company has announced a pivot to AI computing infrastructure, immediately sending its stock soaring.
Luxury
Golden Goose Looks to Bond Sale to Fund Private Equity Buyout
The Italian footwear brand has begun marketing an €880 million bond sale to finance its acquisition by Chinese firm HSG.
Golden Goose Looks to Bond Sale to Fund Private Equity Buyout
The Italian footwear brand has begun marketing an €880 million bond sale to finance its acquisition by Chinese firm HSG.
Luxury
Luca de Meo’s Gucci Challenge
Seven months into his tenure, Kering’s new CEO has stabilised the company’s finances, but his primary challenge remains reviving growth at flagship brand Gucci.
Luca de Meo’s Gucci Challenge
Seven months into his tenure, Kering’s new CEO has stabilised the company’s finances, but his primary challenge remains reviving growth at flagship brand Gucci.
Luxury
Swatch Urges Shareholders to Vote Against Activist Investor’s Bid for Board Seat
The luxury watch owner has urged shareholders to reject activist investor Steven Wood’s renewed board bid, as it moves to defend its governance and luxury brand strategy.
Swatch Urges Shareholders to Vote Against Activist Investor’s Bid for Board Seat
The luxury watch owner has urged shareholders to reject activist investor Steven Wood’s renewed board bid, as it moves to defend its governance and luxury brand strategy.
Retail
Unpacking Saks Global’s Post-Bankruptcy Plan
The luxury giant has filed its roadmap to exit Chapter 11 this summer, confirming it will not sell Bergdorf Goodman. Under the new deal, bankruptcy lenders will take full ownership, wipe away billions in debt and set the stage for a leaner, more profitable operation.
Unpacking Saks Global’s Post-Bankruptcy Plan
The luxury giant has filed its roadmap to exit Chapter 11 this summer, confirming it will not sell Bergdorf Goodman. Under the new deal, bankruptcy lenders will take full ownership, wipe away billions in debt and set the stage for a leaner, more profitable operation.
Global Markets
Worldview | Shanghai Fashion Week Courts Global Attention
This week’s round-up of global markets fashion business news also features Romanian designers, Colombia’s Inexmoda and the downturn at Dubai mall department stores.
Worldview | Shanghai Fashion Week Courts Global Attention
This week’s round-up of global markets fashion business news also features Romanian designers, Colombia’s Inexmoda and the downturn at Dubai mall department stores.
Beauty
Unilever, McCormick Near Deal to Create $60 Billion Food Business
The deal would give the UK consumer goods giant $15.7 billion in cash to streamline its portfolio toward beauty and personal care.
Unilever, McCormick Near Deal to Create $60 Billion Food Business
The deal would give the UK consumer goods giant $15.7 billion in cash to streamline its portfolio toward beauty and personal care.
Luxury
How Big Luxury Is Rewiring for the Future
Under scrutiny from top managers and investors, LVMH, Kering and Richemont are re-examining their brand portfolios, organisational structures and store networks.
How Big Luxury Is Rewiring for the Future
Under scrutiny from top managers and investors, LVMH, Kering and Richemont are re-examining their brand portfolios, organisational structures and store networks.
Global Markets
Worldview | Tokyo Fashion Week Doubles Down on Asia
This week’s round-up of global markets fashion business news also features Eid al-Fitr spending across the Gulf, Moscow Fashion Week and Indian factories squeezed by the Middle East war fuel shortage.
Worldview | Tokyo Fashion Week Doubles Down on Asia
This week’s round-up of global markets fashion business news also features Eid al-Fitr spending across the Gulf, Moscow Fashion Week and Indian factories squeezed by the Middle East war fuel shortage.
Beauty
Advent International Acquires Salt & Stone
The premium body care maker will join the private equity firm’s portfolio, which also includes Olaplex and Parfums de Marly.
Advent International Acquires Salt & Stone
The premium body care maker will join the private equity firm’s portfolio, which also includes Olaplex and Parfums de Marly.
Luxury
New Luxury Store Openings Rise in Europe, Cushman Data Shows
The continent’s leading luxury retail streets saw a 13 percent rise in new outlets last year, with fierce competition for prime locations, according to Cushman & Wakefield.
New Luxury Store Openings Rise in Europe, Cushman Data Shows
The continent’s leading luxury retail streets saw a 13 percent rise in new outlets last year, with fierce competition for prime locations, according to Cushman & Wakefield.
Luxury
Qatar Investment Authority Eyes 10% Stake in Golden Goose
Qatar’s sovereign wealth fund is preparing to buy a stake in Italian sneaker maker Golden Goose, Corriere della Sera reported Saturday.
Qatar Investment Authority Eyes 10% Stake in Golden Goose
Qatar’s sovereign wealth fund is preparing to buy a stake in Italian sneaker maker Golden Goose, Corriere della Sera reported Saturday.
The News in Brief
Matthieu Blazy, Sarah Burton, Haider Ackermann Among Nominees for BFC Designer of the Year
The Fashion Awards ceremony, set for Nov. 30, will also recognise the BFC’s second Vanguard award recipient, recognising emerging British design talent.
Supergoop Announces Chief Commercial Officer
The sunscreen label has appointed former Coty executive Jamie Parker to the newly created role as it gears up to become a “global skin health company.”
Mytheresa Owner’s Sales Rise as Ultra Wealthy Keep Shopping
LuxExperience posted a rise in sales as the luxury multibrand platform’s strategy of catering to the ultra wealthy helped it navigate a difficult environment for high-end fashion.
The Independents Acquires Production Studio Smuggler
The global collective has brought film studio Smuggler under its umbrella to bolster its entertainment capabilities.
L’Oréal Steals French Stock Market Crown From LVMH
The cosmetics group became France’s most valuable listed company on Tuesday, the first time since 2017 that a non-luxury company has claimed the top spot at the end of a trading day.
Authentic Brands Targets Creator Economy, Eyes Public Offering
The licensor could pursue an IPO as early as the first half of next year.
Vogue Mexico and Latin America Editor-in-Chief Karla Martinez de Salas to Step Down
The industry veteran is joining Latino-focused media platform Avance Global to establish a new lifestyle brand that will span fashion, design, travel, food, culture and entertainment.