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.
tariff
Luxury
End Times for Swiss Watchmakers?
This week, President Trump’s tariff on Switzerland went into effect, landing levies of 39 percent on every watch the country exports to the US. For some Swiss watchmakers, the threat is existential.
End Times for Swiss Watchmakers?
This week, President Trump’s tariff on Switzerland went into effect, landing levies of 39 percent on every watch the country exports to the US. For some Swiss watchmakers, the threat is existential.
Sports
Under Armour Forecasts Downbeat Second-Quarter Sales
The Maryland-based sportswear maker has struggled to drive up demand in the past two years, with efforts to revive the business having hit more roadblocks in recent months due to the Trump administration's shifting tariff policies.
Under Armour Forecasts Downbeat Second-Quarter Sales
The Maryland-based sportswear maker has struggled to drive up demand in the past two years, with efforts to revive the business having hit more roadblocks in recent months due to the Trump administration's shifting tariff policies.
Global Markets
Can India Become the World’s Fashion Factory?
As US president Donald Trump’s punishing new tariffs come into force, India is working towards becoming an apparel manufacturing powerhouse despite long-standing obstacles.
Can India Become the World’s Fashion Factory?
As US president Donald Trump’s punishing new tariffs come into force, India is working towards becoming an apparel manufacturing powerhouse despite long-standing obstacles.
Retail
Trump Doubles India Tariff to 50% to Punish Russian Oil Buying
The US President’s move came hours after talks between Washington and Moscow over the war in Ukraine failed to yield an immediate breakthrough.
Trump Doubles India Tariff to 50% to Punish Russian Oil Buying
The US President’s move came hours after talks between Washington and Moscow over the war in Ukraine failed to yield an immediate breakthrough.
Luxury
Swiss Watch Giant Navigates Trump’s Tariff Uncertainty
Swatch Group CEO Nick Hayek has front-loaded shipments to the US, is targeting American shoppers as they travel abroad and has raised its prices as it grapples with a new 39 percent US tariff on Swiss-made products.
Swiss Watch Giant Navigates Trump’s Tariff Uncertainty
Swatch Group CEO Nick Hayek has front-loaded shipments to the US, is targeting American shoppers as they travel abroad and has raised its prices as it grapples with a new 39 percent US tariff on Swiss-made products.
Global Markets
Worldview | Colombia’s Record-Breaking Fashion Event
This week’s round-up of global markets fashion business news also features ultra-fast-fashion brands in Mexico, China’s JD.com and the latest US tariffs on India, Bangladesh and Cambodia.
Worldview | Colombia’s Record-Breaking Fashion Event
This week’s round-up of global markets fashion business news also features ultra-fast-fashion brands in Mexico, China’s JD.com and the latest US tariffs on India, Bangladesh and Cambodia.
Beauty
Shiseido’s Identity Crisis
Japan’s largest beauty conglomerate has had a difficult time adjusting to the shifting cosmetics market, prompting a series of pivots and restructurings. Moving forward may require breaking with past mistakes.
Shiseido’s Identity Crisis
Japan’s largest beauty conglomerate has had a difficult time adjusting to the shifting cosmetics market, prompting a series of pivots and restructurings. Moving forward may require breaking with past mistakes.
Luxury
Swiss Luxury Watchmakers’ Shares Drop After Trump Tariff Shock
The sector is already under pressure from a stronger franc and falling global demand.
Swiss Luxury Watchmakers’ Shares Drop After Trump Tariff Shock
The sector is already under pressure from a stronger franc and falling global demand.
Executive Briefings
The Executive Briefing: Luxury’s Deepening Crisis; Dopamine Culture, Explained; Rise of the AI Agents
Luxury fashion’s woes keep piling up, and the effects of the attention economy bears much of the blame. Plus, brands prepare for an onslaught of AI shopping assistants and the fragrance boom rolls on. Read on for your concise breakdown of July’s key developments from executive editor Brian Baskin.
The Executive Briefing: Luxury’s Deepening Crisis; Dopamine Culture, Explained; Rise of the AI Agents
Luxury fashion’s woes keep piling up, and the effects of the attention economy bears much of the blame. Plus, brands prepare for an onslaught of AI shopping assistants and the fragrance boom rolls on. Read on for your concise breakdown of July’s key developments from executive editor Brian Baskin.
Luxury
Watches of Switzerland Tumbles After Trump’s 39 percent Tariff Salvo
Shares in the retailer of Rolex and other Swiss timepieces fell as much as 6 percent, as Switzerland was hit with some of the highest duties globally.
Watches of Switzerland Tumbles After Trump’s 39 percent Tariff Salvo
Shares in the retailer of Rolex and other Swiss timepieces fell as much as 6 percent, as Switzerland was hit with some of the highest duties globally.
Global Markets
China’s Fast-Fashion Capital Slows Down Under Trump’s Trade War
Garment factories in Guangzhou are struggling to manage a tempest of geopolitical and economic headwinds.
China’s Fast-Fashion Capital Slows Down Under Trump’s Trade War
Garment factories in Guangzhou are struggling to manage a tempest of geopolitical and economic headwinds.
Global Markets
Relief in Southeast Asia As Trump’s Tariffs Level Playing Field
Major garment producers like Vietnam and Cambodia now face similar tariff rates of around 20 percent, lower than previously threatened.
Relief in Southeast Asia As Trump’s Tariffs Level Playing Field
Major garment producers like Vietnam and Cambodia now face similar tariff rates of around 20 percent, lower than previously threatened.
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.