Rogaine Rides GLP-1 Wave With 30% Sales Surge
The decades-old hair-loss remedy is unexpectedly booming from more people taking GLP-1 weight-loss drugs.
leadership
Luxury
Confirmed: Dior Artistic Director Maria Grazia Chiuri Steps Down
The Italian designer in charge of Dior’s womenswear is leaving the LVMH-owned megabrand after a transformative nine-year tenure during which sales quadrupled before being hit hard by a sharp downturn in luxury demand.
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.
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.
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.
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.
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.
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.
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.
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.
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.
Beauty
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.
The News in Brief
Ralph Lauren’s Quarterly Revenue Forecast Disappoints, Sending Shares Down
Expectations for the brand to sustain a rapid pace of growth set a high bar, leaving investors disappointed even as its raised its annual outlook.
Tapestry Lifts Outlook as Young Shoppers Snap Up Coach Bags
Shares rose in early trading after the company raised its revenue and profit forecasts, even as the broader luxury sector grapples with a slowdown.
Chanel Beauty Opens Alpine-Inspired Activation at Harrods
The luxury beauty label has taken over a corner of the department store's ground floor with a gifting suite.
Bangladesh Agrees New Garment Pay Scale From December Amid Protests
The government has yet determine the details of revised wage levels as it scrambles to manage days of protests that have disrupted the country’s garment industry.
China Wealth Crackdown Lifts Hong Kong Watch and Jewellery Sales
Rich shoppers are turning to gold and gemstones to preserve wealth, softening the blow for luxury giants like Hermès and Richemont as Beijing tightens its grip on overseas assets.
Australian Department Store David Jones Collapses After Almost 200 Years
The template of vast stores with dozens of fashion brands, beauty products and other accessories succumbed as the digital era drove shoppers to cheaper, nimbler online rivals.
Coty Tops Estimates on Prestige Brands Boost Amid Turnaround
The US cosmetics conglomerate said launches from Marc Jacobs and Burberry helped boost revenues, though its full-year guidance is below consensus.