H&M Profit Rises on Tariff Refunds as Sales Remain Sluggish
US tariff refunds drove an increase operating profit, even as the fast-fashion retailer has struggled to deliver consistent sales growth.
legal
News & Analysis
Jimmy Choo Co-Founder Sues Shoe Company Alleging Boycott
Jimmy Choo was sued by the co-founder of its eponymous shoe line who alleged the company launched a campaign to punish her as she prepared to start a new venture.
News & Analysis
French Leader Argues Against Burkini-Style Bans
French president Francois Hollande is suggesting that he would oppose a national law banning burkini swimsuits, an idea championed by some conservative rivals.
News & Analysis
Burkini Ban in French Beach Town Reversed by Supreme Court
France’s top court struck down a push by local governments to ban the 'burkini' from the nation’s beaches, saying the Muslim-style full-body swimming outfits do not create a public threat that justifies impinging on freedom of religion.
News & Analysis
American Apparel Hires Investment Bank to Explore Sale, Say Sources
American Apparel has hired investment bank Houlihan Lokey to explore a sale, people familiar with the matter said.
News & Analysis
Doing Business in Brazil? Team USA Learned the Hard Way
The Team USA Olympic store in Rio’s ritzy Ipanema was planned to turn Team USA into a year-round retailer, though in a country with a business culture that can leave even seasoned entrepreneurs fuming, the venture never gained traction.
News & Analysis
Cannes Bans Full-Body 'Burkini' Swimsuits From Beaches
The French resort has banned full-body, head-covering swimsuits worn by some Muslim women from its beaches, citing security concerns.
News & Analysis
Amazon’s Japan Office Searched by Competition Agency
Amazon’s office in Japan was searched by Japan’s Fair Trade Commission over its dealings with merchants who sell goods on its online web store, a person with knowledge of the matter said.
News & Analysis
Judge Dismisses Part of Alibaba Counterfeits Lawsuit
A US judge has dismissed part of a lawsuit filed last year by Gucci, Yves Saint Laurent and other luxury brands accusing Alibaba of promoting the sale of counterfeit goods.
News & Analysis
Wang, Ghesquière and More Support Apple in Patent War
Top fashion designers have signed an amicus brief asking the Supreme Court of the United States to reject Samsung’s appeal in its legal battle with Apple over design patents.
Retail
Aéropostale’s Sycamore Rift Goes to Trial as Vote Proceeds
A judge said that teen clothing chain Aeropostale can ask creditors to vote on its reorganisation plan while also gearing up for a trial over whether a key creditor drove the company into bankruptcy to snap it up on the cheap.
News & Analysis
Adidas Sues Skechers, Claiming 'Springblade' Shoe Knockoff
Adidas escalated its legal battle against Skechers over athletic sneaker designs, filing a lawsuit accusing Skechers of stealing its "Springblade" concept for its similar "Mega Flex" shoe.
News & Analysis
Aquazzura Claims Ivanka Trump Knocked Off Its Design
Ivanka Trump is being sued by Aquazzura that claims the fashion line carrying her name is selling a knockoff of one of its designs.
The News in Brief
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.
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.