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.
restructure
News & Analysis
YNAP Loses Another Executive as Human Resources Chief Quits
Naomi Hewitt, who was promoted to director of people and organisation in October, resigned in April, a company official confirmed.
YNAP Loses Another Executive as Human Resources Chief Quits
Naomi Hewitt, who was promoted to director of people and organisation in October, resigned in April, a company official confirmed.
News & Analysis
Burberry COO John Smith to Resign After Seven Years
Smith is leaving to pursue new interests and will step down from the board by summer next year.
Burberry COO John Smith to Resign After Seven Years
Smith is leaving to pursue new interests and will step down from the board by summer next year.
Beauty
Birchbox Finds Cute Boxes Filled With Makeup Are Not Enough
As it seeks a bigger slice of America's $16 billion prestige beauty industry, Birchbox is struggling to become a full-spectrum retailer rather than just a precious peddler of monthly subscription boxes.
Birchbox Finds Cute Boxes Filled With Makeup Are Not Enough
As it seeks a bigger slice of America's $16 billion prestige beauty industry, Birchbox is struggling to become a full-spectrum retailer rather than just a precious peddler of monthly subscription boxes.
News & Analysis
Lululemon Founder Says Company 'Has Lost its Way'
Founder Chip Wilson has blasted Lululemon's management, saying that the yoga clothing company 'has lost its way' and that 'a call to action is needed.'
Lululemon Founder Says Company 'Has Lost its Way'
Founder Chip Wilson has blasted Lululemon's management, saying that the yoga clothing company 'has lost its way' and that 'a call to action is needed.'
News & Analysis
Dior Says New Designer 'Work in Progress'
Six months after the departure of Raf Simons, appointing a new creative director is a "work in progress," says Dior's chief executive Sidney Toledano.
Dior Says New Designer 'Work in Progress'
Six months after the departure of Raf Simons, appointing a new creative director is a "work in progress," says Dior's chief executive Sidney Toledano.
Retail
Investors Unimpressed by Marks & Spencer Clothing Revival Plan
Marks & Spencer will reduce styles to de-clutter its stores, cut prices on up to a third of its items by more than 10 percent and dial back promotions, it has announced after conducting a six-week strategy review.
Investors Unimpressed by Marks & Spencer Clothing Revival Plan
Marks & Spencer will reduce styles to de-clutter its stores, cut prices on up to a third of its items by more than 10 percent and dial back promotions, it has announced after conducting a six-week strategy review.
Retail
M&S Boss to Map Out Rocky Road to Recovery
Turning around Marks & Spencer's clothing business will require yet more costly change and could squeeze short-term profits.
M&S Boss to Map Out Rocky Road to Recovery
Turning around Marks & Spencer's clothing business will require yet more costly change and could squeeze short-term profits.
News & Analysis
Sales in China, Europe Drive Handbag Maker Coach's Profit
Coach Inc, which has been trying to regain its cachet in the luxury handbag market, reported better-than-expected quarterly sales, spurred by demand in China and Europe.
Sales in China, Europe Drive Handbag Maker Coach's Profit
Coach Inc, which has been trying to regain its cachet in the luxury handbag market, reported better-than-expected quarterly sales, spurred by demand in China and Europe.
News & Analysis
Ferragamo Says CEO Norsa to Leave Post by End of 2016
Salvatore Ferragamo's chief executive Michele Norsa will leave his post by the end of the year after a decade at the helm of the company.
Ferragamo Says CEO Norsa to Leave Post by End of 2016
Salvatore Ferragamo's chief executive Michele Norsa will leave his post by the end of the year after a decade at the helm of the company.
The News in Brief
Frasers Group Takes a Position in Burberry
The billionaire Mike Ashley’s investment arm disclosed Tuesday it holds an interest worth a potential 4.2 percent of the voting rights in Burberry.
EssilorLuxottica Beats Forecasts, AI Glasses and Myopia Products Drive Growth
The Franco-Italian eyewear maker reported a 15 percent rise in first-half profit, beating expectations, while revenue growth was driven by strong demand for AI-enabled glasses myopia products.
Whoop Names Kyle Leahy Chief Commercial Officer
Leahy joins the wearables brand from Glossier, where she was chief executive for three years.
Chinese Jeweller Laopu Gold’s Shares Drop on Growth Outlook
The jeweller lost $2.1 billion in market value after forecasting first-half 2026 revenue growth of up to 66 percent, a sharp slowdown from last year that unsettled investors in one of China’s most viral consumer brands.
Unilever Lifts Outlook on Strongest Volume Growth in Over A Decade
Unilever upgraded its annual forecast on Tuesday, as consumers reached for brands like Vaseline and Dove despite household budget concerns stemming from the Iran war.
J&J to Pay $5.5 Billion to Settle Talc-Related Cancer Claims
Johnson & Johnson on Monday said it agreed to a $5.5 billion commitment to resolve years of litigation related to claims that its talc products caused ovarian cancer.
Lenzing Closes UK, Austria Sites in Turnaround Bid
The closures are the latest in a series of cost-cutting and refinancing measures at the textile maker, which has faced headwinds from competition in China and India.