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
Kering Must Downsize, Reduce Gucci Exposure and Chase Synergies, CEO de Meo Says in Memo
Luca de Meo calls for store closures, recalibrated pricing and a push to grow brands beyond Gucci as the group works to return to sustainable growth.
Kering Must Downsize, Reduce Gucci Exposure and Chase Synergies, CEO de Meo Says in Memo
Luca de Meo calls for store closures, recalibrated pricing and a push to grow brands beyond Gucci as the group works to return to sustainable growth.
Retail
PVH Corp. Announces Finance Chief Zac Coughlin’s Departure
The chief financial officer of Tommy Hilfiger’s parent company will step into his new role at Sirius XM at the start of next year.
PVH Corp. Announces Finance Chief Zac Coughlin’s Departure
The chief financial officer of Tommy Hilfiger’s parent company will step into his new role at Sirius XM at the start of next year.
Luxury
The State of Fashion 2026: When the Rules Change
The 10th annual State of Fashion report by McKinsey & Company and BoF Insights, The Business of Fashion’s data and advisory team, reveals how changes in trade, technology and consumer behaviour will challenge businesses in 2026. Download the full report to understand the 10 themes that will shape the industry and opportunities for growth in the year ahead.
The State of Fashion 2026: When the Rules Change
The 10th annual State of Fashion report by McKinsey & Company and BoF Insights, The Business of Fashion’s data and advisory team, reveals how changes in trade, technology and consumer behaviour will challenge businesses in 2026. Download the full report to understand the 10 themes that will shape the industry and opportunities for growth in the year ahead.
Retail
Walmart CEO Doug McMillon to Retire, Insider John Furner Named Top Boss
Shares of the company fell about 3 percent in premarket trading.
Walmart CEO Doug McMillon to Retire, Insider John Furner Named Top Boss
Shares of the company fell about 3 percent in premarket trading.
Luxury
Antonin Tron to Design Balmain
The founder of Atlein will replace Olivier Rousteing, who parted ways with Mayhoola-backed Balmain last week after fourteen years as the house’s creative director.
Antonin Tron to Design Balmain
The founder of Atlein will replace Olivier Rousteing, who parted ways with Mayhoola-backed Balmain last week after fourteen years as the house’s creative director.
Workplace & Talent
It’s Time for Fashion to Get Real About AI’s Impact on Jobs
Fashion brands are racing to deploy AI in marketing, design and employee workflows. But inside companies, a lack of clarity is breeding layoff anxiety — and quiet AI use that feels risky, if not like cheating.
It’s Time for Fashion to Get Real About AI’s Impact on Jobs
Fashion brands are racing to deploy AI in marketing, design and employee workflows. But inside companies, a lack of clarity is breeding layoff anxiety — and quiet AI use that feels risky, if not like cheating.
Luxury
Shinola’s Newly Appointed President Will No Longer Assume the Role
Ulrich Wohn, who was announced as the new president of the Detroit-based company earlier this week, will not move forward in the job due to a “highly urgent personal matter.”
Shinola’s Newly Appointed President Will No Longer Assume the Role
Ulrich Wohn, who was announced as the new president of the Detroit-based company earlier this week, will not move forward in the job due to a “highly urgent personal matter.”
Technology
How Small Brands Are Learning to Love AI
Startups are starting to use AI for everything from retail planning to inventory management, while mostly keeping the technology away from the creative parts of their business.
How Small Brands Are Learning to Love AI
Startups are starting to use AI for everything from retail planning to inventory management, while mostly keeping the technology away from the creative parts of their business.
Luxury
Olivier Rousteing Departs Balmain
Rousteing is stepping down after 14 years as creative director, the French fashion house announced.
Olivier Rousteing Departs Balmain
Rousteing is stepping down after 14 years as creative director, the French fashion house announced.
Luxury
Van Cleef & Arpels’ Alhambra: How to Update a Timeless Charm
CEO Catherine Rénier discusses the decision to add new models to the iconic collection that’s fundamental to the jewellery house’s bottom line.
Van Cleef & Arpels’ Alhambra: How to Update a Timeless Charm
CEO Catherine Rénier discusses the decision to add new models to the iconic collection that’s fundamental to the jewellery house’s bottom line.
Retail
Billionaire Blundy Urges Board Change at Victoria’s Secret
Australian billionaire Brett Blundy is pushing for changes to the board of Victoria’s Secret & Co., accusing the lingerie retailer of failing to address shareholder value.
Billionaire Blundy Urges Board Change at Victoria’s Secret
Australian billionaire Brett Blundy is pushing for changes to the board of Victoria’s Secret & Co., accusing the lingerie retailer of failing to address shareholder value.
Luxury
Shinola Appoints Ulrich Wohn as President
The former TAG Heuer North America CEO has been tapped to lead the Detroit-based maker of watches and leather goods in its next phase of growth.
Shinola Appoints Ulrich Wohn as President
The former TAG Heuer North America CEO has been tapped to lead the Detroit-based maker of watches and leather goods in its next phase of growth.
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.