Mike Ashley’s Frasers Says It’s Taken Control of Hugo Boss
The British retail group has pushed its stake in the German apparel brand above 50 percent in a move that will turn Hugo Boss into a subsidiary of Frasers.
Levi Strauss
Latest News & Analysis
Workplace & Talent
Power Moves | Tapestry Names CEO, Shakeup at Levi Strauss
This week, the owner of Coach and Kate Spade named Joanne Crevoiserat as its new chief, while Jen Sey was named brand president amid an executive reshuffle at the American denim company.
Sustainability
Adidas, Ralph Lauren Urge Cambodia to Reform Labour Amid EU Sanction Threat
They are joined by global brands including Puma and Levi Strauss, which have all signed a letter urging the country to amend trade union law.
Retail
Levi’s Hit by Weakness in US Wholesale
The denim brand reported a 4 percent drop in third-quarter profit, the first fall since the 165-year-old company went public in March.
Financial Markets
Why Levi's Is Worth $8 Billion
With a market capitalisation of $8 billion, the original blue jean maker plans to open new stores, develop fabric technology, offer more points of customisation for customers and improve its e-commerce experience.
ADVERTISEMENT
Financial Markets
Levi Strauss Valued at $6.6 Billion as IPO Tops Target
Set to debut on the NYSE Thursday, Levi's sold $623.3 million in shares in its IPO with shares priced at $17, above the target range of $14 to $16.
Financial Markets
Levi Strauss Files for IPO
The 145-year old jeans company is seeking to return to the public markets after more than three decades.
News & Analysis
Power Moves | Kering Adds to Board of Directors, Vanity Fair Italia Names New Editor-In-Chief
This week, Kering appoints Ginevra Elkann as its latest board member, while Simone Marchetti joins Vanity Fair Italia as editor-in-chief.
News & Analysis
Levi Strauss Laments Trump Tariffs' Threat to Denim
America’s decision to hit allies with billions of dollars in tariffs will have consequences far beyond aluminium and steel, Levi warned lawmakers.
ADVERTISEMENT
News & Analysis
As Athleisure Cools, Denim Heats Up
A slowing demand for leggings has given way to the rebound of the denim sector, driven by Millennial desire for retro styles, customised product and technical fabrics.
Technology
Bits & Bytes | Levi's Tech Jacket, How Burberry Uses AI to Boost Sales
This week, Levi's launches high-tech cycling jacket with Google, and the ways Burberry uses artificial intelligence to personalise consumer experience.
Sustainability
Social Goods | Levis' Social Responsibility, Can Chinese Manufacturers Ever Be Green?
This week, Levi's starts initiative to improve life for garment workers, while China renews its focus on building a sustainable garment industry.
The News in Brief
Shein Agrees to Pay $100 Million to Settle US FTC Probe
The settlement, equivalent to 44 percent of the ultra fast-fashion company’s second-quarter profit, is the latest blow amid regulatory and tax crackdowns in Europe and the US that have hampered Shein’s growth.
Kering Drops 12% as Luxury Braces for Tough Winter
The recovery long promised by luxury brands seems nowhere in sight, as the expansion of war in the Middle East, along with China’s tax crackdown on the wealthy, piled further pressure on the world’s biggest luxury conglomerates in the third quarter, and executives buckled in for a tough winter.
UK Retail Sales Fall 0.4% in September, More Than Forecast
Sales fell in September as above-average temperatures hit demand for autumn clothing.
Elle Launches Moroccan Edition
Hitting newsstands in October, the magazine marks Elle’s 51st international edition, published under licence by the Geomedia group.
David’s Bridal Plans Spinoff and IPO of AI Wedding Planning Platform Pearl
Pearl, a subsidiary of David’s Bridal, will own David’s Bridal and license its intellectual property back to the bridalwear brand. David’s Bridal CEO Kelly Cook will serve as Pearl’s CEO.
L’Oréal Sales Beat Expectations as Premium Products Surge
The French giant handily beat expectations on strong demand for hair products at salons and premium skincare from its dermatological division.
P&G Beats Revenue Estimates, Flags Bigger Hit to Annual Profit
The maker of Pantene shampoo was helped by strong personal care demand, but expects higher commodity costs to reduce profit by about $1.4 billion this year.