Fayed Abuse Victims Seek Up to £150 Million From Harrods
The retailer currently has a £62 million provision set aside for redress payments, but victims’ lawyers say more is likely needed.
tariff
Retail
Shein Warns on Trump Tariff Uncertainty After Profits Slip
The Singaporean parent company of the ultra-fast-fashion retailer said pre-tax profits had fallen by 13 percent to $1.3 billion last year from $1.3 billion in 2023 after an increase in selling and marketing costs.
Shein Warns on Trump Tariff Uncertainty After Profits Slip
The Singaporean parent company of the ultra-fast-fashion retailer said pre-tax profits had fallen by 13 percent to $1.3 billion last year from $1.3 billion in 2023 after an increase in selling and marketing costs.
Global Markets
Worldview | A Mix of Traditional and Modern Designs Dominate Lakme Fashion Week
This week’s round-up of global markets fashion business news also features China’s Shan Future Forum and Saudi Arabia’s new development in Diriyah Square.
Worldview | A Mix of Traditional and Modern Designs Dominate Lakme Fashion Week
This week’s round-up of global markets fashion business news also features China’s Shan Future Forum and Saudi Arabia’s new development in Diriyah Square.
Retail
US Retailers Brace for Impact as Trump’s 100% China Tariffs Loom
The fresh levies, set to take effect Nov. 1, would come as shoppers and retailers enter the holiday shopping season.
US Retailers Brace for Impact as Trump’s 100% China Tariffs Loom
The fresh levies, set to take effect Nov. 1, would come as shoppers and retailers enter the holiday shopping season.
Retail
Trump Threatens China Tariffs, Sees ‘No Reason’ to Meet Xi
Markets recoiled at the president’s comments, with the Nasdaq 100 down as much as 2.4 percent.
Trump Threatens China Tariffs, Sees ‘No Reason’ to Meet Xi
Markets recoiled at the president’s comments, with the Nasdaq 100 down as much as 2.4 percent.
Retail
Shein’s Robust US Growth Evaporates After Trump Tariff Hit
Sales in the US have declined significantly since the Trump administration ended the de minimis exemption for small shipments.
Shein’s Robust US Growth Evaporates After Trump Tariff Hit
Sales in the US have declined significantly since the Trump administration ended the de minimis exemption for small shipments.
Global Markets
Worldview | Haiti’s Garment Industry in Jeopardy Over US Inaction
This week’s round-up of global markets fashion business news also features Chinese textile exports, Kenyan manufacturers and Saudi Arabia’s luxury watch market.
Worldview | Haiti’s Garment Industry in Jeopardy Over US Inaction
This week’s round-up of global markets fashion business news also features Chinese textile exports, Kenyan manufacturers and Saudi Arabia’s luxury watch market.
Global Markets
Vietnam’s Footwear Exports to US Drop Amid Trump Tariffs
Footwear exports fell 27 percent in September, while textile exports also saw a sharp drop of 20 percent.
Vietnam’s Footwear Exports to US Drop Amid Trump Tariffs
Footwear exports fell 27 percent in September, while textile exports also saw a sharp drop of 20 percent.
Global Markets
Trump’s 50% Tariff Sows Fear Inside Indian Apparel Hub
Factories that invested in anticipation of a boom in orders are saddled with debt and unsold inventory.
Trump’s 50% Tariff Sows Fear Inside Indian Apparel Hub
Factories that invested in anticipation of a boom in orders are saddled with debt and unsold inventory.
Luxury
Swiss Offer Trump Sweetener on Gold to Get Better Tariff Deal
Switzerland has offered to invest in the US gold-refining industry, as part of its efforts to persuade the Trump administration to lower the 39 percent import tariff imposed last month.
Swiss Offer Trump Sweetener on Gold to Get Better Tariff Deal
Switzerland has offered to invest in the US gold-refining industry, as part of its efforts to persuade the Trump administration to lower the 39 percent import tariff imposed last month.
Luxury
Rolex Faces Questions Over Trump US Open Invitation Amid Tariffs Pain
US Senator Elizabeth Warren asked the Swiss watchmaker’s CEO in a letter if Rolex was seeking to ‘curry favor’ with Trump in order to secure special-interest duty exemptions for its products.
Rolex Faces Questions Over Trump US Open Invitation Amid Tariffs Pain
US Senator Elizabeth Warren asked the Swiss watchmaker’s CEO in a letter if Rolex was seeking to ‘curry favor’ with Trump in order to secure special-interest duty exemptions for its products.
Global Markets
Indonesia, EU Seal Trade Deal, Hope to Offset Trump Tariffs
The agreement is expected to boost Indonesia’s exports to Europe of products like textiles, clothing and widely-used beauty ingredient palm oil.
Indonesia, EU Seal Trade Deal, Hope to Offset Trump Tariffs
The agreement is expected to boost Indonesia’s exports to Europe of products like textiles, clothing and widely-used beauty ingredient palm oil.
Global Markets
Worldview | Indian Garment Exporters Move Production to East Africa
This week’s round-up of global markets fashion business news also features Mexico’s warning to Mercado Libre, Vogue Brazil and Schwarzkopf’s misstep in China.
Worldview | Indian Garment Exporters Move Production to East Africa
This week’s round-up of global markets fashion business news also features Mexico’s warning to Mercado Libre, Vogue Brazil and Schwarzkopf’s misstep in China.
The News in Brief
Puig Acquires Sun Care Brand Isdin
The conglomerate bought its former partner’s 50 percent share to take full ownership of the Spanish skincare label.
Hugo Boss Chairman to Step Down Amid Frasers Group Pressure
Stephan Sturm is stepping down, as the German fashion house's largest shareholder seeks to beef up its board representation alongside its takeover bid for the brand.
CFDA’s Steven Kolb Involved in Altercation with PETA Protestors
The trade body’s president physically restrained animal rights activists after they stormed a Cos runway show at New York Fashion Week.
GQ Philippines Names Danyl Geneciran Editor in Chief
The former Vogue Man Philippines editor will helm GQ’s 23rd international title, whose debut issue features covers starring Darren Criss, Jordan Clarkson and Erwan Heussaff.
Human Made Discloses $3.6 Million Undercover Purchase Price and Long-Term Financial Targets
The Tokyo-listed company will pay $3.6 million in cash for 100 percent of Undercover, with founder Jun Takahashi relinquishing corporate duties to focus solely on design.
Arizona Accuses L’Oréal of Concealing Cancer Risks Linked to Hair Relaxers
The beauty conglomerate faces over 12,000 similar lawsuits filed by individuals that have been consolidated in a Chicago federal court.
Space NK Names New CEO, Andy Lightfoot Steps Down
Chief marketing officer Emma Simpson-Scott will succeed Lightfoot, who is leaving the UK retailer after seven years at the helm.