GQ Philippines Names Danyl Geneciran Editor in Chief
The former Vogue Man Philippines editor will helm GQ’s 23rd international title, whose debut issue features covers starring Darren Criss, Jordan Clarkson and Erwan Heussaff.
leadership
Beauty
Topicals Appoints New CEO From Fenty Beauty
Founder Olamide Olowe has stepped down from her chief executive role as Sukiana Chancy joins the company.
Topicals Appoints New CEO From Fenty Beauty
Founder Olamide Olowe has stepped down from her chief executive role as Sukiana Chancy joins the company.
Luxury
Kering Names Sabina Belli Italy Chief and New CEOs for Pomellato and DoDo
Charlotte Fournet will head Pomellato and Krizia Cucurachi will lead DoDo as Luca de Meo continues his management reshuffle, tapping insiders for the key roles
Kering Names Sabina Belli Italy Chief and New CEOs for Pomellato and DoDo
Charlotte Fournet will head Pomellato and Krizia Cucurachi will lead DoDo as Luca de Meo continues his management reshuffle, tapping insiders for the key roles
News & Analysis
EssilorLuxottica Starts Buyback to Bolster Stock After Heir Exit
The brand plans to buy back more than €800 million ($932 million) of stock, seeking to bolster investor confidence after a slide in its shares and the exit of an heir of the eyewear maker’s founder from his management roles.
EssilorLuxottica Starts Buyback to Bolster Stock After Heir Exit
The brand plans to buy back more than €800 million ($932 million) of stock, seeking to bolster investor confidence after a slide in its shares and the exit of an heir of the eyewear maker’s founder from his management roles.
Retail
Gap’s Turnaround Now Hinges on Old Navy
Gap’s cultural resurgence is translating into double-digit sales growth. But sustaining the parent company’s momentum will depend on reviving its much larger Old Navy business, with a new chief executive at the helm.
Gap’s Turnaround Now Hinges on Old Navy
Gap’s cultural resurgence is translating into double-digit sales growth. But sustaining the parent company’s momentum will depend on reviving its much larger Old Navy business, with a new chief executive at the helm.
Sports
Nike Hires Walmart Veteran Ewing as Chief Commercial Officer
Jane Ewing, who was most recently interim chief executive officer for Sam’s Club in China, will join Nike on Sept. 7.
Nike Hires Walmart Veteran Ewing as Chief Commercial Officer
Jane Ewing, who was most recently interim chief executive officer for Sam’s Club in China, will join Nike on Sept. 7.
Retail
Gap Replaces Old Navy CEO After Bigger-Than-Expected Sales Drop
Former Target and Walmart veteran Michael Francis, known in the industry as a marketing guru, will succeed current Old Navy CEO Horacio Barbeito on Nov. 2.
Gap Replaces Old Navy CEO After Bigger-Than-Expected Sales Drop
Former Target and Walmart veteran Michael Francis, known in the industry as a marketing guru, will succeed current Old Navy CEO Horacio Barbeito on Nov. 2.
Luxury
Dolce & Gabbana Seeks to Raise Cash in Exchange for Debt Waiver
Dolce & Gabbana is seeking to raise cash using transactions outside the Italian fashion house’s day-to-day business after banks agreed to waive terms governing its debt as demand for luxury goods stays weak.
Dolce & Gabbana Seeks to Raise Cash in Exchange for Debt Waiver
Dolce & Gabbana is seeking to raise cash using transactions outside the Italian fashion house’s day-to-day business after banks agreed to waive terms governing its debt as demand for luxury goods stays weak.
Sports
Can Skims Level Up by Hiring Supreme’s Former Creative Chief?
Skims’ hire of former Supreme executive Erin Magee and promotion of Yeezy alum Kim Schraub to chief brand officer signal changes ahead as the brand tries to separate itself from its activewear rivals.
Can Skims Level Up by Hiring Supreme’s Former Creative Chief?
Skims’ hire of former Supreme executive Erin Magee and promotion of Yeezy alum Kim Schraub to chief brand officer signal changes ahead as the brand tries to separate itself from its activewear rivals.
News & Analysis
EssilorLuxottica Founder’s Son Quits Management Roles After Reported Rift With CEO
Leonardo Maria Del Vecchio is stepping down as chairman of the Ray-Ban brand and as chief strategy officer, the company said, after reports of tensions with CEO Francesco Milleri.
EssilorLuxottica Founder’s Son Quits Management Roles After Reported Rift With CEO
Leonardo Maria Del Vecchio is stepping down as chairman of the Ray-Ban brand and as chief strategy officer, the company said, after reports of tensions with CEO Francesco Milleri.
Retail
Mike Ashley’s Luxury Bet Is Getting Bigger, but Does It Add Up?
The billionaire’s Frasers Group has added Harvey Nichols and an increased stake in Hugo Boss to a growing collection of high-end brands and retailers. Can they become part of a coherent luxury empire?
Mike Ashley’s Luxury Bet Is Getting Bigger, but Does It Add Up?
The billionaire’s Frasers Group has added Harvey Nichols and an increased stake in Hugo Boss to a growing collection of high-end brands and retailers. Can they become part of a coherent luxury empire?
Financial Markets
Marquee Brands to Acquire Roots in Go-Private Deal
The brand management company will add the Canadian lifestyle label to a growing portfolio that includes Roberto Cavalli and BCBG.
Marquee Brands to Acquire Roots in Go-Private Deal
The brand management company will add the Canadian lifestyle label to a growing portfolio that includes Roberto Cavalli and BCBG.
Sports
Nike’s Stock Dip Is a Sign of the Times for Sportswear
Nike’s share price has dipped below $40 for the first time in 12 years, a new low point for the company on its comeback trail. But this dip isn’t just a warning sign for Nike — it applies to the sportswear marketplace at large.
Nike’s Stock Dip Is a Sign of the Times for Sportswear
Nike’s share price has dipped below $40 for the first time in 12 years, a new low point for the company on its comeback trail. But this dip isn’t just a warning sign for Nike — it applies to the sportswear marketplace at large.
The News in Brief
Human Made Discloses $3.6 Million Undercover Purchase Price and Long-Term Financial Targets
The Tokyo-listed company will pay $3.6 million in cash for 100 percent of Undercover, with founder Jun Takahashi relinquishing corporate duties to focus solely on design.
Arizona Accuses L’Oréal of Concealing Cancer Risks Linked to Hair Relaxers
The beauty conglomerate faces over 12,000 similar lawsuits filed by individuals that have been consolidated in a Chicago federal court.
Space NK Names New CEO, Andy Lightfoot Steps Down
Chief marketing officer Emma Simpson-Scott will succeed Lightfoot, who is leaving the UK retailer after seven years at the helm.
EssilorLuxottica Managers Defend CEO After Heir Lashes Out
Twenty top lieutenants to CEO Francesco Milleri came to their boss’s defense in an escalating feud with Leonardo Maria Del Vecchio, a son of the founder who abruptly left a senior role at the company.
Zara Owner Looks to US for Next Phase of Growth
Inditex is investing in the US as a key growth market, CEO Oscar Garcia Maceiras told Reuters, with store revamps and new openings planned across its Zara, Massimo Dutti and Bershka brands.
Activist Investor Takes New Stake in Bath & Body Works
The activist investor is recommending the personal-care and fragrance store chain to explore a sale, claiming it has been undervalued and hampered by unstable management.
Arnault Drops Out of World’s Top 10 Richest as US Tech Dominates
The LVMH chairman’s net worth fell to $143 billion on Thursday, pulling him beneath Warren Buffett, Bloomberg reported.