Nivea Maker Beiersdorf Cuts Guidance for 2026, Citing Market Conditions
Beiersdorf trimmed its full-year guidance on Monday on slower-than-expected recovery at its core brand Nivea and other economic headwinds.
leadership
Luxury
Loewe Marketing Chief Charlie Smith Departs for UK Tech Firm Nothing
Smith is joining London-based smartphone company Nothing, where he will oversee brand, image, marketing, communications and store design.
Loewe Marketing Chief Charlie Smith Departs for UK Tech Firm Nothing
Smith is joining London-based smartphone company Nothing, where he will oversee brand, image, marketing, communications and store design.
Luxury
Unpacking LVMH’s Latest Executive Shuffle
Louis Vuitton CEO Pietro Beccari will also steer the conglomerate’s Fashion Group, as Sidney Toledano steps down from operational responsibilities and Vuitton deputy CEO Damien Bertrand joins the group’s executive committee.
Unpacking LVMH’s Latest Executive Shuffle
Louis Vuitton CEO Pietro Beccari will also steer the conglomerate’s Fashion Group, as Sidney Toledano steps down from operational responsibilities and Vuitton deputy CEO Damien Bertrand joins the group’s executive committee.
Retail
EssilorLuxottica Wearables Chief Rocco Basilico to Exit in January
Basilico, who led the eyewear giant’s smart-glasses collaborations with Meta, is leaving to 'pursue personal interests,' the company said.
EssilorLuxottica Wearables Chief Rocco Basilico to Exit in January
Basilico, who led the eyewear giant’s smart-glasses collaborations with Meta, is leaving to 'pursue personal interests,' the company said.
Luxury
Armani Appoints New Board Members as Post-Giorgio Era Takes Shape
Former Gucci CEO Marco Bizzarri is among the three new members joining the board as the company plots its future.
Armani Appoints New Board Members as Post-Giorgio Era Takes Shape
Former Gucci CEO Marco Bizzarri is among the three new members joining the board as the company plots its future.
Luxury
Armani to Name New Board as Founder’s Heirs Reset Group
Giorgio Armani SpA is preparing to name a new board as soon as this week, as the Italian fashion group rebuilds its leadership team following the death of its founder, sources told Bloomberg.
Armani to Name New Board as Founder’s Heirs Reset Group
Giorgio Armani SpA is preparing to name a new board as soon as this week, as the Italian fashion group rebuilds its leadership team following the death of its founder, sources told Bloomberg.
Retail
Mytheresa Appoints New CEO
In January, Francis Belin will replace Michael Kliger as chief executive of the German e-tailer. Kliger will remain in his post as CEO of Mytheresa parent company LuxExperience.
Mytheresa Appoints New CEO
In January, Francis Belin will replace Michael Kliger as chief executive of the German e-tailer. Kliger will remain in his post as CEO of Mytheresa parent company LuxExperience.
Luxury
Zegna Group Names New Leadership as Family Plans Succession
Gianluca Tagliabue has been named CEO of the Italian luxury group, as Gildo Zegna becomes executive chairman. Edoardo and Angelo Zegna will serve as co-CEOs of the company's flagship Zegna brand.
Zegna Group Names New Leadership as Family Plans Succession
Gianluca Tagliabue has been named CEO of the Italian luxury group, as Gildo Zegna becomes executive chairman. Edoardo and Angelo Zegna will serve as co-CEOs of the company's flagship Zegna brand.
Workplace & Talent
What Fashion Gets Wrong About Layoffs
From knee-jerk, across-the-board cuts to sloppy communication and a lack of future direction, there are plenty of ways companies can make a tough moment even worse.
What Fashion Gets Wrong About Layoffs
From knee-jerk, across-the-board cuts to sloppy communication and a lack of future direction, there are plenty of ways companies can make a tough moment even worse.
Retail
Kohl’s to Name Michael Bender as CEO After Year of Disarray
Bender has been serving as interim chief executive while the company navigates both internal and external challenges.
Kohl’s to Name Michael Bender as CEO After Year of Disarray
Bender has been serving as interim chief executive while the company navigates both internal and external challenges.
Luxury
Rolex Rejects Retail Push Amid Industry Upheaval
In a rare public appearance, CEO Jean-Frédéric Dufour reaffirmed the brand’s wholesale model and urged unity as Swiss watchmakers battle a market downturn.
Rolex Rejects Retail Push Amid Industry Upheaval
In a rare public appearance, CEO Jean-Frédéric Dufour reaffirmed the brand’s wholesale model and urged unity as Swiss watchmakers battle a market downturn.
Retail
Inside Luxury Retailers’ Bare-Knuckle Fight to Win the Holidays
With market leader Saks struggling and Ssense in bankruptcy, competitors from Bloomingdale’s to Mytheresa to FWRD see a rare opportunity to grab market share. They are openly courting top customers, vendors and even the employees of their struggling competitors.
Inside Luxury Retailers’ Bare-Knuckle Fight to Win the Holidays
With market leader Saks struggling and Ssense in bankruptcy, competitors from Bloomingdale’s to Mytheresa to FWRD see a rare opportunity to grab market share. They are openly courting top customers, vendors and even the employees of their struggling competitors.
Luxury
Prada’s Lorenzo Bertelli to Become Versace Executive Chairman
Prada Group CEO Andrea Guerra, speaking at BoF VOICES 2025, said Bertelli will be ‘much more involved’ in Versace.
Prada’s Lorenzo Bertelli to Become Versace Executive Chairman
Prada Group CEO Andrea Guerra, speaking at BoF VOICES 2025, said Bertelli will be ‘much more involved’ in Versace.
The News in Brief
Soshe Launches at Ulta Beauty
The refillable clean makeup brand will enter the complexion category as it makes its debut across over 700 Ulta Beauty doors.
Shein Said to Weigh Cost Reset for Late Backers Before IPO
The retailer is considering lowering the investment cost for late backers who came in at a valuation of up to $64 billion as it prepares to list at a much lower value, people familiar with the matter said.
GLP-1 and Cosmeceutical Skincare Usage Spike Bathroom Mini Fridge Demand
As shoppers incorporate weight-loss drugs and more sophisticated skincare into their daily routines, a cottage industry is growing.
The Met’s Next Fashion Blockbuster Will Spotlight Galliano
The fashion icon, as famous for his singular talent as a scandal that cost him one of the industry’s top jobs, will become one of only three living designers to get a major solo exhibition at the museum.
Abbvie Earnings Beat Estimates as Botox Shows Signs of Revival
Abbvie reported second quarter profit and sales that topped expectations, driven by strong demand across its immunology and neuroscience franchises and further signs of a recovery in Botox.
Puma Results Show Progress on Turnaround
The German sports brand posted a narrower loss in the second quarter as it pushed ahead with an effort to restore growth next year.
DSM-Firmenich’s Fragrance-Led Core Profit Beat Sends Shares Higher
DSM-Firmenich beat market expectations for second-quarter core earnings, said full-year sales growth should reach the upper end of its target range on the back of broad-based volume growth.