Arnault Clan to Change LVMH Holding Structure to Ensure Control
Under the plan, the world’s biggest luxury group will be controlled by one entity, Agache SCA, after Christian Dior SE, one of the current holding companies of LVMH, is delisted.
legal
News & Analysis
Report: Alibaba Won't Take Board Seats at Taiwanese Firms It Invests In
The fund is being raised by China Development Financial Holding (CDF), one of the island's biggest financial holding firms, and the Chinese e-commerce giant is planning to take a 29.99 percent stake.
News & Analysis
Alibaba Branded a ‘Notorious Market’ for Knock-Offs by the US
The agency warned last December that Alibaba needed to do better if it wished to avoid the designation, reserved for websites and markets where there is large-scale copyright infringement.
Beauty
UK Seeks to Ban Plastic Microbeads in Cosmetics Next Year
The UK will become the latest country to outlaw plastic microbeads used in face wash and toothpaste next year over concerns they harm marine life and enter the food chain.
News & Analysis
Retailers to Drop On-Call Scheduling Amid State Probes
Six US retailers will no longer require hourly employees to check whether they are still needed for work and risk having their scheduled shifts canceled with little notice.
China
Alibaba Lawsuit Throws Spotlight on ‘Brushers’ Gaming Rankings
A lawsuit filed by Alibaba Group Holding Ltd. is shining a light on the fake reviews and purchases on its websites.
China
Michael Jordan Scores China Legal Win for His Chinese Name
The Supreme People’s Court on revoked the rights of Qiaodan Sports Co. to use Jordan’s last name written in Chinese characters.
Retail
Green Delays Arcadia Results as Pressure Builds on Billionaire
Green, under fire from lawmakers for selling BHS to an unsuitable buyer and leaving behind a significant pension deficit, said he’s “not in the mood” to discuss Arcadia or its results.
News & Analysis
Social Goods | Cover Girl's Muslim Beauty Ambassador, Hedi Slimane Fight Against Kering
This week, Cover Girl names Muslim beauty blogger Nura Afia its newest ambassador and Hedi Slimane ongoing legal battle with Kering continues.
News & Analysis
UK Regulator Steps Up Action Against Green Over BHS
BHS collapsed in April with a pension deficit of at least £571 million. The failure cost 11,000 jobs and threatened the pensions of more than 20,000 former employees.
News & Analysis
Italian Watchdog Fines LVMH Exec Over Bulgari Deal
LVMH managing director Antonio Belloni was fined €350,000 for divulging confidential information to a fund manager before LVMH's acquisition of Bulgari in 2011.
News & Analysis
UK Lawmakers Set to Debate Philip Green’s Role in BHS Debacle
UK lawmakers are turning up the heat on the embattled billionaire Philip Green, moving to discuss the travails of his retail empire before Parliament.
News & Analysis
Aéropostale Wins Approval of $243 Million Sale to Mall Group
Aéropostale Inc. won court permission to sell its assets to buyers led by Simon Property Group Inc. and General Growth Properties Inc. after the landlords banded together with liquidators to save jobs and stores.
The News in Brief
JD Sports Says Nike Turnaround Is Only a Matter of Time
Dominic Platt, chief financial officer of the British sportswear retailer, told Reuters, ‘Much as there's a lot of talk about Nike, it's still the most popular brand out there and it's still a very strong brand.’
Chanel Plans to Keep Investing in China Despite Demand Downturn
CEO Leena Nair pointed to the brand’s recent renovation of its Plaza 66 boutique in Shanghai, calling China ‘a market where the clients understand sophistication, refinement.’
Meta Expected to Unveil Smart Glasses Without Camera
Smart glasses have become a target of criticism in recent months amid growing concerns they can be used to record people without their consent.
Record Global Fibre Production Pushes Fashion’s Environmental Footprint Higher
Planet-warming emissions associated with the raw materials used to make fashion, footwear and home textiles have risen 30 percent since 2019, according to a new report.
Novo Nordisk Looks to Target Hair Loss in Consumer Push
The maker of Ozempic and Wegovy seeks to expand its direct-to-consumer pharmaceutical business as rival Eli Lilly outpaces in weight-loss drugs.
On Targets High-Teens Growth Through 2029
The Swiss brand revealed its plan to keep up its momentum with new products in sports such as golf and its Mbappé-supported entry into football ahead of its investor day Tuesday.
Reference Festival to Host ‘Freie Kunst’ Event at Art Basel Paris
The event runs from Oct. 22 to 25 and will mix participants from art, fashion, music and technology as part of the festival’s tradition of a ‘radical and unhinged exchange of ideas,’ said Mumi Haiati, founder of the event’s organiser Reference Studios.