Avon North America Acquired By Regent, Appoints New CEO
The legacy beauty brand's US and Canada divisions will join the investment firm's portfolio, which also includes Avon International.
leadership
Luxury
Burberry’s CEO Shake-Up, Explained
The British trench coat maker’s revenues tumbled over 20 percent this spring. How will new leadership change the strategy? And will it work?
Burberry’s CEO Shake-Up, Explained
The British trench coat maker’s revenues tumbled over 20 percent this spring. How will new leadership change the strategy? And will it work?
Retail
Nike Brings Back Retired Executive to Fix Slumping Retail Sales
Tom Peddie, a veteran executive who worked at Nike for 30 years before the company announced his retirement in 2020, is returning as its vice president of marketplace partners.
Nike Brings Back Retired Executive to Fix Slumping Retail Sales
Tom Peddie, a veteran executive who worked at Nike for 30 years before the company announced his retirement in 2020, is returning as its vice president of marketplace partners.
Luxury
Givenchy, Still Without a Designer, Names a New CEO
Owner LVMH has appointed Louis Vuitton executive Alessandro Valenti Givenchy’s new chief, opening a ‘new chapter’ for the French couture house as the industry awaits a successor to former designer Matthew Williams.
Givenchy, Still Without a Designer, Names a New CEO
Owner LVMH has appointed Louis Vuitton executive Alessandro Valenti Givenchy’s new chief, opening a ‘new chapter’ for the French couture house as the industry awaits a successor to former designer Matthew Williams.
Luxury
Richemont Names New Brand CEOs
The Cartier and Van Cleef & Arpels owner is reshuffling its top management team once again amid wider succession planning.
Richemont Names New Brand CEOs
The Cartier and Van Cleef & Arpels owner is reshuffling its top management team once again amid wider succession planning.
Beauty
Bobbi Brown Is Now the Host of This Zoom Meeting
Jones Road, the makeup artist-backed beauty label is built on feedback, insights and suggestions from its community. But sometimes, its founder has to push back.
Bobbi Brown Is Now the Host of This Zoom Meeting
Jones Road, the makeup artist-backed beauty label is built on feedback, insights and suggestions from its community. But sometimes, its founder has to push back.
Retail
Is Gap’s Turnaround Finally Working?
Signs of recovery at the American retailer have convinced some analysts that its stock may be undervalued. Others say it’s too soon to tell, but even the sceptics note improvements on product, merchandising and markdowns.
Is Gap’s Turnaround Finally Working?
Signs of recovery at the American retailer have convinced some analysts that its stock may be undervalued. Others say it’s too soon to tell, but even the sceptics note improvements on product, merchandising and markdowns.
Luxury
Lanvin Names Peter Copping Its New Artistic Director
Copping, who most recently worked behind the scenes at Balenciaga, will join France’s oldest couture house from September. The designer previously served as director of Oscar de la Renta and Nina Ricci.
Lanvin Names Peter Copping Its New Artistic Director
Copping, who most recently worked behind the scenes at Balenciaga, will join France’s oldest couture house from September. The designer previously served as director of Oscar de la Renta and Nina Ricci.
Beauty
Ren Clean Skincare CEO to Step Down
The outgoing chief executive, Michelle Brett, was appointed in January 2022.
Ren Clean Skincare CEO to Step Down
The outgoing chief executive, Michelle Brett, was appointed in January 2022.
Luxury
Op-Ed | Could LVMH Buy Richemont?
Acquiring Richemont would catapult LVMH into a completely different stratosphere to the rest of the luxury industry, writes Andrea Felsted.
Op-Ed | Could LVMH Buy Richemont?
Acquiring Richemont would catapult LVMH into a completely different stratosphere to the rest of the luxury industry, writes Andrea Felsted.
Luxury
Arnault Said to Have Bought Stake in Richemont
The stake was described by a source as “small” and part of a broader Arnault family-owned portfolio of investments in publicly listed companies.
Arnault Said to Have Bought Stake in Richemont
The stake was described by a source as “small” and part of a broader Arnault family-owned portfolio of investments in publicly listed companies.
Retail
Adidas CEO Rides Samba Craze to Revive Brand After Ye Debacle
Bjorn Gulden’s reliance on gut instinct has produced some successes already, but investors are wondering how far it will carry the company and whether it could create new vulnerabilities in the future.
Adidas CEO Rides Samba Craze to Revive Brand After Ye Debacle
Bjorn Gulden’s reliance on gut instinct has produced some successes already, but investors are wondering how far it will carry the company and whether it could create new vulnerabilities in the future.
Direct-to-Consumer
How to Save a DTC Brand Without Crushing Its Soul
The past year has seen a stream of last-minute rescue deals for once-hot start-ups. Acquirers of formerly distressed brands weigh in on how to improve operations and retain what made them special in the first place.
How to Save a DTC Brand Without Crushing Its Soul
The past year has seen a stream of last-minute rescue deals for once-hot start-ups. Acquirers of formerly distressed brands weigh in on how to improve operations and retain what made them special in the first place.
The News in Brief
Shein’s Purchase of Everlane Faces US National Security Review
A review by an interagency panel led by the US Treasury Department began after the $80 million transaction was completed in May, according to the people familiar with the matter.
Shein Sets IPO Date, Targets Up to $27 Billion Valuation
The company is set to debut on the Hong Kong stock exchange on Sept. 1 and is seeking to raise as much as $1.8 billion in its long-awaited IPO, according to a filing.
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.
UK Retail Sales Drop for the First Time in Three Months
Scorching weather and fewer discounts discouraged shoppers and ended a recent rebound in consumer spending as retail sales fell for the first time since April.
Fashion CEO Hunsicker Gets Five Years for $300 Million Fraud
Christine Hunsicker, founder of the fashion-rental and technology company CaaStle Inc., was sentenced to five years in prison for defrauding investors out of $300 million.
Boohoo Fined $2.7 Million by French Watchdog Over Deceptive Discounts
Nearly half of the examined promotions were revealed to be price increases. The Debenhams-owned fast-fashion brand also used terms like ‘leather’ to sell synthetic products.
Report: Shein Postpones IPO to September
Shein has pushed back its market debut following a delay in taking investor orders for its Hong Kong IPO at a reduced valuation, the South China Morning Post reported.