Next Upgrades Profit Outlook Again on Strong Summer Spending
The UK retailer said it benefited from sunny weather and the release of some “pent-up demand” in the Middle East and northern Europe.
regulation
Retail
Fast-Fashion Retailer Temu Sues Rival Shein Over US Antitrust Law
Chinese e-retailer Temu has filed a new lawsuit accusing rival Shein of violating US antitrust law in its dealings with clothing manufacturers, escalating a legal clash for dominance in the fast-fashion market.
Fast-Fashion Retailer Temu Sues Rival Shein Over US Antitrust Law
Chinese e-retailer Temu has filed a new lawsuit accusing rival Shein of violating US antitrust law in its dealings with clothing manufacturers, escalating a legal clash for dominance in the fast-fashion market.
Sustainability
EU’s New Climate Proposals Include Plan to Make Fashion Pay for Clothing Waste
The European Commission on Wednesday proposed what would be the EU’s first law to improve soil health, aimed at curbing degradation caused by intensive farming and the worsening impact of climate change.
EU’s New Climate Proposals Include Plan to Make Fashion Pay for Clothing Waste
The European Commission on Wednesday proposed what would be the EU’s first law to improve soil health, aimed at curbing degradation caused by intensive farming and the worsening impact of climate change.
Beauty
Symrise Contests EU Fragrance Cartel Raid in Court
German flavour and fragrance maker Symrise has challenged dawn raids conducted by EU antitrust regulators four months ago and asked Europe’s second highest court to annul information collected during the raids.
Symrise Contests EU Fragrance Cartel Raid in Court
German flavour and fragrance maker Symrise has challenged dawn raids conducted by EU antitrust regulators four months ago and asked Europe’s second highest court to annul information collected during the raids.
Sustainability
Op-Ed | Are Toxic Chemicals in Fashion Making People Sick?
Clothes contain BPA, PFAS and other dangerous substances – but we still know little about their cumulative impact.
Op-Ed | Are Toxic Chemicals in Fashion Making People Sick?
Clothes contain BPA, PFAS and other dangerous substances – but we still know little about their cumulative impact.
Retail
Report: Shein Files for US IPO
The fast fashion retailer denied a new report that it registered for an initial public offering in New York.
Report: Shein Files for US IPO
The fast fashion retailer denied a new report that it registered for an initial public offering in New York.
News & Analysis
US Antitrust Regulator Plans to Targets Amazon’s Online Marketplace
The US antitrust regulator is planning to file a suit targeting Amazon’s core online marketplace in the coming weeks, Bloomberg News reported on Thursday, citing documents and people familiar with the matter.
US Antitrust Regulator Plans to Targets Amazon’s Online Marketplace
The US antitrust regulator is planning to file a suit targeting Amazon’s core online marketplace in the coming weeks, Bloomberg News reported on Thursday, citing documents and people familiar with the matter.
Luxury
LVMH Emerges as ESG Magnet With $17 Billion Stake
The world’s biggest producer of luxury goods has emerged as a favourite among fund managers marketing themselves as promoters of environmental and social goals.
LVMH Emerges as ESG Magnet With $17 Billion Stake
The world’s biggest producer of luxury goods has emerged as a favourite among fund managers marketing themselves as promoters of environmental and social goals.
Beauty
Revolution Beauty Re-Appoints CEO to Board Defying Shareholder Boohoo’s Wish
Revolution Beauty on Tuesday announced the re-appointment of chief executive officer Bob Holt to the board of the UK-based beauty products retailer just after its annual meeting, against shareholder Boohoo’s requisition.
Revolution Beauty Re-Appoints CEO to Board Defying Shareholder Boohoo’s Wish
Revolution Beauty on Tuesday announced the re-appointment of chief executive officer Bob Holt to the board of the UK-based beauty products retailer just after its annual meeting, against shareholder Boohoo’s requisition.
Retail
PDD’s Temu Seeks US-Based Compliance Help Amid Scrutiny of China Goods
E-commerce marketplace Temu is looking to hire a compliance officer based in the US, job ads showed, after lawmakers scrutinised the Chinese company for allegedly lax practices and policies related to blocking goods from the Xinjiang region.
PDD’s Temu Seeks US-Based Compliance Help Amid Scrutiny of China Goods
E-commerce marketplace Temu is looking to hire a compliance officer based in the US, job ads showed, after lawmakers scrutinised the Chinese company for allegedly lax practices and policies related to blocking goods from the Xinjiang region.
Technology
Zalando Sues EU Commission Over Online Content Rules
Zalando, Europe’s biggest online fashion retailer, has made the first legal challenge to new EU content rules, suing the European Commission for putting it in the same category as Alphabet’s Google and Meta Platforms.
Zalando Sues EU Commission Over Online Content Rules
Zalando, Europe’s biggest online fashion retailer, has made the first legal challenge to new EU content rules, suing the European Commission for putting it in the same category as Alphabet’s Google and Meta Platforms.
Retail
The Organised Retail Crime Phenomenon, Explained
Reports of large-scale theft rings are driving US lawmakers to explore tough-on-crime policies. Data on whether there is a crime wave paints a more ambiguous picture. BoF unpacks the murky situation.
The Organised Retail Crime Phenomenon, Explained
Reports of large-scale theft rings are driving US lawmakers to explore tough-on-crime policies. Data on whether there is a crime wave paints a more ambiguous picture. BoF unpacks the murky situation.
Can Fashion Quit the World’s Dirtiest Fossil Fuel?
Companies like H&M and Puma are pushing to get coal out of their supply chains by the end of the decade.
Can Fashion Quit the World’s Dirtiest Fossil Fuel?
Companies like H&M and Puma are pushing to get coal out of their supply chains by the end of the decade.
The News in Brief
Shiseido’s Profits Recover In First Half Amid Turnaround
Growth turned positive in the second quarter, driven by key regions like the Americas, as the Japanese giant executes its yearlong restructuring plan.
Amazon Loses US Court Ban on Perplexity’s AI Shopping Tools
The ruling is the first by a federal appeals court to address whether AI agents acting on behalf of users can legally access online platforms.
Report: Abercrombie to Seek Fresh Backers for China Business
The US-listed company is conducting a review of its Chinese assets and may sell a stake in the unit, which could be valued at several hundred million dollars, Bloomberg reported.
P&G to Buy Supplement Maker Thorne for $3.8 Billion
Shailesh Jejurikar, chief executive of the American personal care conglomerate, told CNBC it will acquire the line from LVMH-backed private equity firm L Catterton.
Eli Lilly to Offer Early Access to Next-Gen Obesity Drug to Some Patients
Eli Lilly said on Monday it would allow a limited number of patients to have early access to its experimental obesity drug, retatrutide, before its US FDA approval.
India’s Nykaa Posts Higher Quarterly Profit on Strong Beauty Demand, Fashion Growth
India’s FSN E-Commerce Ventures, which operates beauty and fashion retailer Nykaa, reported a more than three-fold rise in quarterly profit on Tuesday, boosted by strong growth in its beauty business and a sharp acceleration in fashion sales.
Ferragamo Returns to Profit as Relaunch Strategy Advances
The Italian luxury brand swung to a net profit for the first half after growing sales in the second quarter, with turnaround efforts particularly evident in its directly owned shops.