Samsonite Buys Stake in Béis for $178.5 Million
Founder and actress Shay Mitchell will retain a 15 percent stake in Béis, which will become a Samsonite subsidiary after the deal closes.
leadership
Retail
Cult Swim Brand Hunza G Goes for Growth
Following a management buyout, creative director Georgiana Huddart and new CEO Krishna Nikhil lay out their plans to double the crinkly one-size-fits-all British swimwear label’s annual sales to £60 million over the next two years.
Cult Swim Brand Hunza G Goes for Growth
Following a management buyout, creative director Georgiana Huddart and new CEO Krishna Nikhil lay out their plans to double the crinkly one-size-fits-all British swimwear label’s annual sales to £60 million over the next two years.
Luxury
The Logic Behind Balenciaga’s Pierpaolo Piccioli Appointment
Kering has named the former Valentino designer known for his deft use of colour and sculptural couture to succeed Demna in an apparent reset at the Paris-based brand.
The Logic Behind Balenciaga’s Pierpaolo Piccioli Appointment
Kering has named the former Valentino designer known for his deft use of colour and sculptural couture to succeed Demna in an apparent reset at the Paris-based brand.
Luxury
Burberry’s Reset Begins to Click
The British luxury giant is cutting jobs after full-year profit swung to a loss and quarterly sales fell 6 percent. But shares soared as investors endorsed its latest turnaround attempt under new management.
Burberry’s Reset Begins to Click
The British luxury giant is cutting jobs after full-year profit swung to a loss and quarterly sales fell 6 percent. But shares soared as investors endorsed its latest turnaround attempt under new management.
Luxury
Balenciaga Names Nathalie Raynaud Deputy CEO
The Kering-owned fashion house is promoting its chief product officer as it prepares to open a new chapter under a new designer.
Balenciaga Names Nathalie Raynaud Deputy CEO
The Kering-owned fashion house is promoting its chief product officer as it prepares to open a new chapter under a new designer.
Retail
Nike President O’Neill Out in Latest Shake-Up Under New CEO
Elliott Hill has been working to reorient Nike, which is coming off a turbulent year of layoffs and sales woes, in his early months as CEO.
Nike President O’Neill Out in Latest Shake-Up Under New CEO
Elliott Hill has been working to reorient Nike, which is coming off a turbulent year of layoffs and sales woes, in his early months as CEO.
Luxury
Louis Vuitton Names Pierre Castillon VP Communications, Strategic Planning and Digital
Castillon will report to Blake Harrop in a role merging strategic planning and performance measurement across communications activities.
Louis Vuitton Names Pierre Castillon VP Communications, Strategic Planning and Digital
Castillon will report to Blake Harrop in a role merging strategic planning and performance measurement across communications activities.
Workplace & Talent
When Two CEOs Are Better Than One
Brands like Warby Parker and Glow Recipe are thriving with two leaders at the top — but experts caution the model only works when the market conditions are right, roles are clearly defined and egos stay in check.
When Two CEOs Are Better Than One
Brands like Warby Parker and Glow Recipe are thriving with two leaders at the top — but experts caution the model only works when the market conditions are right, roles are clearly defined and egos stay in check.
Luxury
Jonathan Anderson Confirmed at Dior Men
The star designer will show a June collection for the French mega-label’s men’s line, LVMH CEO Bernard Arnault said at the group's annual shareholders meeting Thursday.
Jonathan Anderson Confirmed at Dior Men
The star designer will show a June collection for the French mega-label’s men’s line, LVMH CEO Bernard Arnault said at the group's annual shareholders meeting Thursday.
Beauty
Ulta Beauty Names New Chief Merchandising Officer
Lauren Brindley, an executive who previously worked at the British beauty companies Revolution Beauty and Boots will succeed Monica Arnaudo on June 3.
Ulta Beauty Names New Chief Merchandising Officer
Lauren Brindley, an executive who previously worked at the British beauty companies Revolution Beauty and Boots will succeed Monica Arnaudo on June 3.
Beauty
Shiseido Names New Americas CEO
Following a double-digit Drunk Elephant sales slump, the conglomerate named its EMEA head Alberto Noé interim CEO.
Shiseido Names New Americas CEO
Following a double-digit Drunk Elephant sales slump, the conglomerate named its EMEA head Alberto Noé interim CEO.
Luxury
Mytheresa Secures Regulatory Approval to Acquire YNAP
The German luxury e-tailer also announced a series of leadership changes set to take place at both companies after the deal closes on April 23.
Mytheresa Secures Regulatory Approval to Acquire YNAP
The German luxury e-tailer also announced a series of leadership changes set to take place at both companies after the deal closes on April 23.
Luxury
LVMH Names New CEOs at Fendi, Louis Vuitton China and Kenzo
The executive reshuffle sees Ramon Ros at Fendi's helm, Charlotte Coupé as CEO of Kenzo and Daniel DiCicco as Louis Vuitton's regional president for Mainland China.
LVMH Names New CEOs at Fendi, Louis Vuitton China and Kenzo
The executive reshuffle sees Ramon Ros at Fendi's helm, Charlotte Coupé as CEO of Kenzo and Daniel DiCicco as Louis Vuitton's regional president for Mainland China.
The News in Brief
Tapestry Forecasts Strong Annual Profit as Coach Remains Hot
Resilient demand for Coach bags among young and affluent shoppers helped buoy the group, but weakness at Kate Spade led the company to forecast muted annual revenue.
US Seeks Sentence for Founder of Fashion-Tech Company CaaStle
Prosecutors compared Christine Hunsicker to Elizabeth Holmes as they sought a 12.5 year prison sentence in the $300 million securities fraud case.
Shein Loses UK Copyright Lawsuit Against Temu Over Clothing Photos
The ultra-fast fashion platform lost the first round of a London legal battle against its rival for alleged copyright infringement in relation to photos of some of its products.
Birkenstock Nudges Forecast Higher on Solid Sandal Demand
The German brand bumped its sales forecast to the upper limit of its target range and posted strong quarterly earnings as consumers snapped up its sandals and clogs.
Richemont’s Panerai Brand Gets No Relief From Luxury Watch Revival
As the secondary market for timepieces rebounds, Cartier is grabbing buyer attention and there’s renewed enthusiasm around Vacheron Constantin, throwing the lack of interest in Panerai into stark contrast.
Allies of Skin’s Founder Nicolas Travis Has Resigned
The Singapore-based luxury skincare brand has also appointed Alicia Valencia as interim president.
Fabletics Seeks to Double Revenue to $2 Billion in Global Expansion
The US-based activewear brand plans to double annual revenue to $2 billion within five years, in part by opening dozens of new stores in markets such as India, Mexico and the United Arab Emirates.