Swiss Watch Exports Grow for Fourth Month, Overcoming US Slump
Exports in August were buoyed by China and Japan, despite a sharp decline in shipments to the US.
investment
Global Markets
Worldview | Venezuela’s Fashion Retailers Return to ‘Business as Usual’
This week’s round-up of global markets fashion business news also features China’s plummeting footwear exports, Indonesian textiles and Chile’s department store giant.
Worldview | Venezuela’s Fashion Retailers Return to ‘Business as Usual’
This week’s round-up of global markets fashion business news also features China’s plummeting footwear exports, Indonesian textiles and Chile’s department store giant.
Sports
Anta Sports to Buy 29% Stake in Puma for $1.8 Billion
The Pinault family agreed to sell its 29 percent stake in Puma to China’s Anta, paring back its holdings beyond luxury as it focuses on a turnaround at Gucci.
Anta Sports to Buy 29% Stake in Puma for $1.8 Billion
The Pinault family agreed to sell its 29 percent stake in Puma to China’s Anta, paring back its holdings beyond luxury as it focuses on a turnaround at Gucci.
Beauty
Why Pat McGrath Labs Filed for Bankruptcy
Once valued at $1 billion, the makeup brand has struggled to balance its creative point of view with commercial viability.
Why Pat McGrath Labs Filed for Bankruptcy
Once valued at $1 billion, the makeup brand has struggled to balance its creative point of view with commercial viability.
Luxury
LVMH Investors Demand Clarity on Bernard Arnault Succession Plan
Shareholders of the French conglomerate are expressing growing concern over the lack of transparency regarding Bernard Arnault’s plan for succession.
LVMH Investors Demand Clarity on Bernard Arnault Succession Plan
Shareholders of the French conglomerate are expressing growing concern over the lack of transparency regarding Bernard Arnault’s plan for succession.
Beauty
Pat McGrath Labs Files for Bankruptcy
The embattled cosmetics label has filed for Chapter 11 bankruptcy, according to filings, and cancelled its asset sale scheduled for Tuesday.
Pat McGrath Labs Files for Bankruptcy
The embattled cosmetics label has filed for Chapter 11 bankruptcy, according to filings, and cancelled its asset sale scheduled for Tuesday.
Technology
TikTok Seals Deal to Operate in the US After Years of Drama
The long-awaited deal to transfer parts of TikTok’s US operations to American investors secures the app’s future and avoids a nationwide ban.
TikTok Seals Deal to Operate in the US After Years of Drama
The long-awaited deal to transfer parts of TikTok’s US operations to American investors secures the app’s future and avoids a nationwide ban.
Beauty
French Skincare Brand L’Occitane Is Said to Pick Banks for US IPO
The skincare retailer went private in 2024, ending its 14-year run on the Hong Kong stock exchange.
French Skincare Brand L’Occitane Is Said to Pick Banks for US IPO
The skincare retailer went private in 2024, ending its 14-year run on the Hong Kong stock exchange.
Beauty
L’Oréal to Invest $383 Million in Indian Tech Hub
French cosmetics giant L’Oréal said on Wednesday it will set up a beauty tech hub in the south Indian city of Hyderabad with an initial investment of over 35 billion rupees ($383.4 million).
L’Oréal to Invest $383 Million in Indian Tech Hub
French cosmetics giant L’Oréal said on Wednesday it will set up a beauty tech hub in the south Indian city of Hyderabad with an initial investment of over 35 billion rupees ($383.4 million).
Beauty
Bain Said to Make Finetoday Bid, Eyes Asia Beauty Market
Bain Capital has made a binding offer for Japanese personal-care group Finetoday Holdings Co., according to people familiar with the matter.
Bain Said to Make Finetoday Bid, Eyes Asia Beauty Market
Bain Capital has made a binding offer for Japanese personal-care group Finetoday Holdings Co., according to people familiar with the matter.
Global Markets
Worldview | East Africa’s Leading Fashion Week Gains Momentum
This week’s round-up of global markets fashion business news also features the Saks store in Kazakhstan, India’s q-commerce apps and Hong Kong retailers exiting mainland China.
Worldview | East Africa’s Leading Fashion Week Gains Momentum
This week’s round-up of global markets fashion business news also features the Saks store in Kazakhstan, India’s q-commerce apps and Hong Kong retailers exiting mainland China.
Beauty
Exclusive: L Catterton Invests in Ex Nihilo
The LVMH-backed private equity firm has taken a large minority stake in the high perfumery brand, which looks to push deeper into the US market.
Exclusive: L Catterton Invests in Ex Nihilo
The LVMH-backed private equity firm has taken a large minority stake in the high perfumery brand, which looks to push deeper into the US market.
Beauty
S&P Upgrades Anastasia Beverly Hills’ Debt Rating
The US cosmetics giant’s revenue declined 12 percent last year, but S&P said it expected a modest return to growth in 2026 and warned of a difficult macroeconomic environment.
S&P Upgrades Anastasia Beverly Hills’ Debt Rating
The US cosmetics giant’s revenue declined 12 percent last year, but S&P said it expected a modest return to growth in 2026 and warned of a difficult macroeconomic environment.
The News in Brief
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.
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.