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
Harvey Nichols Hires Net-a-Porter Veteran Katie Benson Amid Revamp
Benson will join the department store chain as chief merchant as part of a wider push to revitalise the business under new CEO Julia Goddard.
Harvey Nichols Hires Net-a-Porter Veteran Katie Benson Amid Revamp
Benson will join the department store chain as chief merchant as part of a wider push to revitalise the business under new CEO Julia Goddard.
Retail
Mike Ashley Calls for Accountability at Boohoo in Bid for Board Seat
Billionaire Mike Ashley renewed his pitch for a board seat at Boohoo Group Plc, vowing to turn around the struggling fashion retailer that he said was underperforming with “no clear strategy to halt the decline.”
Mike Ashley Calls for Accountability at Boohoo in Bid for Board Seat
Billionaire Mike Ashley renewed his pitch for a board seat at Boohoo Group Plc, vowing to turn around the struggling fashion retailer that he said was underperforming with “no clear strategy to halt the decline.”
Luxury
Altuzarra Founder Joseph Altuzarra to Step Into CEO Role
The brand’s CEO of five years, Shira Sue Carmi, will step down on Dec. 31; longtime chief operating officer Marta Lastra — recently promoted to president — will work closely with the designer to lead the company.
Altuzarra Founder Joseph Altuzarra to Step Into CEO Role
The brand’s CEO of five years, Shira Sue Carmi, will step down on Dec. 31; longtime chief operating officer Marta Lastra — recently promoted to president — will work closely with the designer to lead the company.
Luxury
Michael Kors Names New CEO in Capri Leadership Shakeup
Cedric Willmote, who had served as Michael Kors’ chief executive since January 2023, will step down from the role and be by replaced Capri Holdings CEO and chairman John Idol.
Michael Kors Names New CEO in Capri Leadership Shakeup
Cedric Willmote, who had served as Michael Kors’ chief executive since January 2023, will step down from the role and be by replaced Capri Holdings CEO and chairman John Idol.
Global Markets
Rissa Mananquil Trillo Named Editor-in-Chief of Allure Philippines
The beauty industry veteran will lead the Filipino edition of the magazine which is set to launch in March through a license agreement between Condé Nast and Mega Global Licensing Inc.
Rissa Mananquil Trillo Named Editor-in-Chief of Allure Philippines
The beauty industry veteran will lead the Filipino edition of the magazine which is set to launch in March through a license agreement between Condé Nast and Mega Global Licensing Inc.
Luxury
Hodinkee Names New Editor-in-Chief
The watch site tapped editor James Stacey to lead the next phase of editorial output following its acquisition by Watches of Switzerland in October.
Hodinkee Names New Editor-in-Chief
The watch site tapped editor James Stacey to lead the next phase of editorial output following its acquisition by Watches of Switzerland in October.
Luxury
François Pinault Out of the Global 100 Richest
The Kering founder’s wealth has fallen from its August 2021 peak by two-thirds, as son François-Henri Pinault struggles to turn around the luxury group’s flagship Gucci label.
François Pinault Out of the Global 100 Richest
The Kering founder’s wealth has fallen from its August 2021 peak by two-thirds, as son François-Henri Pinault struggles to turn around the luxury group’s flagship Gucci label.
Beauty
The Ordinary CEO Nicola Kilner to Step Down
Kilner, who co-founded the company in 2013 with Brandon Truaxe, confirmed she would step down from her role at the end of the year.
The Ordinary CEO Nicola Kilner to Step Down
Kilner, who co-founded the company in 2013 with Brandon Truaxe, confirmed she would step down from her role at the end of the year.
Luxury
Reliance Brands Limited CEO Likely to Step Down
Darshan Mehta has led the company, which operates hundreds of mono-brand fashion and luxury stores across India, since 2007.
Reliance Brands Limited CEO Likely to Step Down
Darshan Mehta has led the company, which operates hundreds of mono-brand fashion and luxury stores across India, since 2007.
Luxury
Kering Names New CEOs at Saint Laurent and Balenciaga
The company is shaking up its executive ranks again amid sliding sales. Balenciaga chief Cédric Charbit will lead Saint Laurent, to be replaced by Gianfranco Gianangeli.
Kering Names New CEOs at Saint Laurent and Balenciaga
The company is shaking up its executive ranks again amid sliding sales. Balenciaga chief Cédric Charbit will lead Saint Laurent, to be replaced by Gianfranco Gianangeli.
Beauty
Why the Dire State of Black Beauty Threatens the Entire Industry
A decade-plus of explosive gains for Black-owned brands has given way to a slowdown in everything from funding to representation to retail expansion — and the implications for beauty are far worse than loss of representation alone.
Why the Dire State of Black Beauty Threatens the Entire Industry
A decade-plus of explosive gains for Black-owned brands has given way to a slowdown in everything from funding to representation to retail expansion — and the implications for beauty are far worse than loss of representation alone.
Luxury
Balenciaga CEO Set to Lead Yves Saint Laurent
According to sources, Cédric Charbit is poised to replace Francesca Bellettini, who became co-deputy CEO of owner Kering in 2023.
Balenciaga CEO Set to Lead Yves Saint Laurent
According to sources, Cédric Charbit is poised to replace Francesca Bellettini, who became co-deputy CEO of owner Kering in 2023.
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.