US to Temporarily Allow Compounding of Six Peptides
The move relaxes rules to access some peptide compounds for recovery, sleep and cognition and will require pharmacies to notify regulators about adverse events.
leadership
Retail
Fear of God CEO Exits Label
Bastien Daguzan is stepping away from the brand founded by Jerry Lorenzo as it eliminates the chief executive role.
Luxury
How to Bring Back a Beloved Watchmaker: The Resurrection of Universal Genève
Breitling CEO Georges Kern wanted to add more to his company’s offering to satisfy its private equity ownership. So he dug into history to find one of the watch collecting community’s favourite lost brands.
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.
Luxury
Altuzarra Names Marta Lastra as CEO
The former president of Altuzarra will replace founder and creative director Joseph Altuzarra as chief executive. Altuzarra has appointed Marta Lastra as chief executive, the company announced Wednesday.
Retail
Levi’s Boosts Full-Year Outlook on Strong Sales; CFO to Retire
Company veteran Harmit Singh’s departure marks a major change for Levi.
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.
Luxury
‘Optimistic, Clear, Grounded’: Courrèges Plots New Chapter With Drew Henry
Henry, a Central Saint Martins graduate who worked at Phoebe Philo’s Celine, JW Anderson and Burberry, will succeed Nicolas Di Felice as artistic director of the Artémis-owned fashion house.
Sports
Grace Ladoja Talks About Her Roots With New Nike Collab
Grace Ladoja has played multiple behind-the-scenes roles in the past with Nike. But in April, she’s launching her own footwear collaboration with the brand for the first time.
Workplace & Talent
Does Your Brand Need a Chief AI Officer?
The role is one of several new titles that are becoming increasingly common in fashion’s senior ranks, as the industry pivots to face new challenges and opportunities.
Sports
On to Be Led by Founders as CEO Steps Down
The Swiss sportswear brand’s co-founders, Caspar Coppetti and David Allemann, will take over as co-chief executives in May as On looks to maintain its fast growth.
Retail
Garage Clothing Owner Rides Y2K Fashion to $5.3 Billion Fortune
Andrew Lutfy, CEO and majority owner of Groupe Dynamite, saw his net worth surge to $5.3 billion after a sharp rise in shares following the company’s 2024 IPO.
Beauty
Coty Announces Board Revamp
The embattled Covergirl owner has appointed five new independent directors amidst a wider leadership and company shakeup.
The News in Brief
Adidas Keeps Humming With Apparel, Performance Sports Growth
The German sneaker brand on Thursday reported strong growth in apparel and sports gear, led by running, training and football products, elaborating on preliminary results published last week.
Uniqlo Scraps Price Rise on $2 Socks After Japanese Shopper Outcry
The decision underscores the challenge Japanese retailers face as persistent inflation squeezes household budgets.
Puig Targets €8 Billion in Annual Sales by 2032
Ahead of its first Capital Markets Day in Madrid, the Spanish beauty group has unveiled its “Vision 2032” and detailed its plans to grow its share of the global fragrance market.
Report: Puig, CVC, Cinven Eye Luxury Fragrance Maker Parfums de Marly
Private equity firms CVC Capital Partners and Cinven, along with Spanish beauty group Puig, are considering acquiring Parfums de Marly, the luxury fragrance brand owned by Advent International, two people familiar with the matter told Reuters.
Beauty and Home Care Drive Unilever Sales, Food Unit Falters
The UK conglomerate raised its annual volume growth forecast on beauty, personal and home care demand, despite a lagging food sector and the impact of geopolitical conflict on costs.
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.
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).