Canada Goose Beats Revenue Estimates as Demand Holds Up
The outerwear brand beat expectations for first-quarter revenue, but new US tariffs on Canadian could affect future earnings.
legal
Sustainability
Why Climate Risk Is Moving Up the Agenda for Fashion Investors
New regulations are set to make it easier for investors to factor in companies’ environmental footprint when deciding which businesses to back.
Why Climate Risk Is Moving Up the Agenda for Fashion Investors
New regulations are set to make it easier for investors to factor in companies’ environmental footprint when deciding which businesses to back.
Luxury
Alexander Wang Plans a Comeback
After sexual assault allegations tarnished his brand, the designer is back with a booming business in China, an upcoming show in Los Angeles and a broader strategy.
Alexander Wang Plans a Comeback
After sexual assault allegations tarnished his brand, the designer is back with a booming business in China, an upcoming show in Los Angeles and a broader strategy.
Retail
SEC Probes Amazon’s Handling of Employees’ Use of Sellers’ Data for Private Labels
The US Securities and Exchange Commission (SEC) is investigating how Amazon.com Inc. handled employee disclosures on the use of third-party sellers’ data purportedly to boost its own private-label business, the Wall Street Journal reported on Wednesday.
SEC Probes Amazon’s Handling of Employees’ Use of Sellers’ Data for Private Labels
The US Securities and Exchange Commission (SEC) is investigating how Amazon.com Inc. handled employee disclosures on the use of third-party sellers’ data purportedly to boost its own private-label business, the Wall Street Journal reported on Wednesday.
Sustainability
Fashion Brands Face EU Sustainability Crackdown
The 27-member bloc outlined an ambitious policy strategy Wednesday that aims to curb the industry’s environmental impact and address labour abuses.
Fashion Brands Face EU Sustainability Crackdown
The 27-member bloc outlined an ambitious policy strategy Wednesday that aims to curb the industry’s environmental impact and address labour abuses.
Retail
What Russian Sanctions Mean for Fashion
Navigating sanctions on Russia requires ‘constant vigilance and flexibility’ from brands and retailers. Here's what you need to know.
What Russian Sanctions Mean for Fashion
Navigating sanctions on Russia requires ‘constant vigilance and flexibility’ from brands and retailers. Here's what you need to know.
Workplace & Talent
New York Bill Would Give Fashion Models More Labour Protections
New York’s fashion models and influencers would get greater protection from exploitation by management companies and agencies under a proposed state bill that aims to shake up an industry that employs 230,000 workers.
New York Bill Would Give Fashion Models More Labour Protections
New York’s fashion models and influencers would get greater protection from exploitation by management companies and agencies under a proposed state bill that aims to shake up an industry that employs 230,000 workers.
China
Chinese Spokesperson for Bulgari, Bally Fined $16.6 Million for Tax Evasion
Actor Deng Lun, 31, was fined 106 million yuan ($16.6 million) for tax evasion following the discovery of irregularities in his reported income in 2019 and 2020.
Chinese Spokesperson for Bulgari, Bally Fined $16.6 Million for Tax Evasion
Actor Deng Lun, 31, was fined 106 million yuan ($16.6 million) for tax evasion following the discovery of irregularities in his reported income in 2019 and 2020.
Luxury
Farfetch Faces Tax Scrutiny in Italy
The online luxury giant said Italian authorities were ‘reviewing’ transfer pricing at an unnamed subsidiary. Its Italian holdings include Off-White operator New Guards Group, Palm Angels and Farfetch Italia.
Farfetch Faces Tax Scrutiny in Italy
The online luxury giant said Italian authorities were ‘reviewing’ transfer pricing at an unnamed subsidiary. Its Italian holdings include Off-White operator New Guards Group, Palm Angels and Farfetch Italia.
Beauty
Aussie Beauty Influencers Face Paid Testimonials Ban on Some Products
Skin and healthcare products are the subject of a new law that will see influencers punished for receiving cash or samples in exchange for reviews or testimonials from Jul. 1.
Aussie Beauty Influencers Face Paid Testimonials Ban on Some Products
Skin and healthcare products are the subject of a new law that will see influencers punished for receiving cash or samples in exchange for reviews or testimonials from Jul. 1.
Luxury
Cartier Lawsuit Accuses Tiffany of Stealing Luxury Jewellery Trade Secrets
According to a complaint filed in a New York state court in Manhattan, Tiffany hired an underqualified junior manager away to learn more about Cartier’s “High Jewellery” collection, where pieces typically cost $50,000 to $10 million.
Cartier Lawsuit Accuses Tiffany of Stealing Luxury Jewellery Trade Secrets
According to a complaint filed in a New York state court in Manhattan, Tiffany hired an underqualified junior manager away to learn more about Cartier’s “High Jewellery” collection, where pieces typically cost $50,000 to $10 million.
Sustainability
EU Proposes Law to Make Big Brands More Accountable for Supply Chains
The European Commission on Wednesday proposed a law to make large companies operating in the EU check that their suppliers around the world respect environmental standards and do not use slave or child labour.
EU Proposes Law to Make Big Brands More Accountable for Supply Chains
The European Commission on Wednesday proposed a law to make large companies operating in the EU check that their suppliers around the world respect environmental standards and do not use slave or child labour.
China
Creditors Look to Seize Lycra Business from Ruyi
Debt-ridden Chinese fashion and textiles giant Ruyi Group is facing creditor action to seize its Lycra business after reportedly defaulting on a $400 million loan it took out in May 2019 to fund the deal.
Creditors Look to Seize Lycra Business from Ruyi
Debt-ridden Chinese fashion and textiles giant Ruyi Group is facing creditor action to seize its Lycra business after reportedly defaulting on a $400 million loan it took out in May 2019 to fund the deal.
The News in Brief
Steven Madden Tops Expectations and Lifts Full-Year Outlook
The retailer raised its full-year revenue forecast again as its integration of luxury brand Kurt Geiger last year provided a tailwind.
Reformation and Its Backers Raise $210.9 Million in IPO
The womenswear brand and shareholders including private-equity backer Permira raised new funds in an IPO that priced shares at the bottom of the marketed range.
Adidas Shares Plunge After World Cup Spend Dents Profit
Shares in the company fell the most on record after its marketing outlay for the World Cup resulted in lower-than-expected quarterly profit.
British Fashion Council to Boost UK Fashion Beyond London
The new national initiative, Fashion Britain, aims to increase growth, innovation and participation in the industry across key cities.
Hermès’ Chief Watches China’s Pork Prices to Gauge Luxury Demand
When it comes to gauging the possibility of a sales rebound for his luxury group in China, Hermès executive chairman Axel Dumas turns to an unusual metric.
Hermès Shares Dive as Sales and Chinese Weakness Disappoint
Hermès second quarter sales rose 7 percent, lifted by a recovery in tourism in Europe and strong demand in the US.
Shein Discloses FTC Probe in US, Warns of Significant Payments
According to documents the ultra-fast-fashion company filed in connection with its planned Hong Kong IPO, Shein is cooperating with the investigation and could face significant fines.