L’Oréal Joins Forces With Nykaa to Invest in Indian Beauty Brands
BOLD, the French conglomerate’s venture capital fund, will collaborate with retailer Nykaa to invest in the next generation of Indian beauty brands.
legal
News & Analysis
US Says Reaches Settlement on Discrimination Claim Against Macy's
Macy's will provide additional employee training and pay an $8,700 civil penalty under a settlement of allegations it discriminated against non-US citizens who were authorised to work, the US Justice Department has said.
Technology
Alibaba Wins Dismissal of Lawsuit Over Pre-IPO Regulatory Warning
Alibaba Group Holdings Ltd has won the dismissal of a US lawsuit accusing China's largest e-commerce company of defrauding shareholders by concealing a regulator's warning about its ability to suppress counterfeiting on its websites.
News & Analysis
LVMH-Backed Asia Private Equity Fund Sued by Fired Executive
An Asian private equity unit backed by LVMH is being sued by a former executive, who is claiming he was fired for revealing wrongdoing at the business.
Marketing
The Art of Disclosure: Fashion’s Influence Economy and the FTC
As the importance of native advertising continues to grow, are brands and digital influencers coming clean with consumers about the deals that power fashion’s influence economy?
News & Analysis
Macy's Reaches Tentative Deal with Workers to Avert Strike
A union representing workers of Macy's Inc in New York has said it reached a tentative agreement with the department store operator for a new four-year contract, averting a strike that was set to begin.
Retail
New York Macy's Workers Threaten Strike Over Health Plan and Pay
Macy's is preparing for a possible strike over healthcare and pay by 5,000 workers at four New York locations, including its flagship store on Manhattan's Herald Square.
News & Analysis
Luxottica Sues BCBG Max Azria Over Wayfarer Sunglasses
Luxottica, the maker of Ray-Ban sunglasses, has accuses BCBG Max Azria of knowingly infringing its famous Wayfarer trademark.
Financial Markets
Amid SEC Probe, Jack Ma Says Hard for US to Understand Alibaba
Alibaba Group Holding Ltd, whose accounting practices are under investigation by US regulators, is a difficult company for the United States to understand, executive chairman Jack Ma has said in an interview to Chinese media.
Financial Markets
Alibaba Undergoing SEC Investigation Over Accounting Practices
Alibaba Group Holding Ltd. said it’s being investigated by the US Securities and Exchange Commission over its accounting practices and whether they violate federal laws.
China
Alibaba's Ma Cancels Speech After Row with Anti-Counterfeiting Group
Alibaba's chief Jack Ma has cancelled a planned speech at an anti-counterfeiting conference in the US after the IACC suspended its membership.
News & Analysis
Two Counts Dismissed in Navajo Case Against Urban Outfitters
A federal judge has dismissed two counts in a lawsuit the Navajo Nation filed against clothing retailer Urban Outfitters Inc.
China
Head of Anti-Fakes Group Closely Tied to Alibaba, Owns Stock
An investigation by The Associated Press has found that the president of an influential anti-counterfeiting group owns Alibaba stock, has close ties to a key Alibaba vice president and uses family members to run his coalition.
The News in Brief
Private Equity Firm Inflexion Invests in Manucurist
The European investor, which previously backed Medik8, has taken a 49 percent stake in the premium French nail line.
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.
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.