Naomi Campbell Wins Appeal Against Charity Trustee Ban
A London tribunal ruled that the misuse of funds at the charity the supermodel founded had been concealed from her.

From Dallas to Paris, stores are starting to reopen. But the pandemic has changed virtually all aspects of the retail experience. What will customers see when they walk into a shop for the first time in weeks?

It’s been a turbulent month for American retailers, which sets up the prospect of a domino effect that ripples through malls, hundreds of which have already closed over the last decade.

Private equity firms, mega retailers and strategic groups that emerge from the crisis with cash to spare will be on the hunt. But what will they be buying?

"Before the current crisis hit we were already seeing flaws in the DTC model."

"It's the smaller, independent designers who are hurting most."

"This is a call to arms for the advertising and marketing industry."

"Cratered demand for discretionary goods has changed the risk calculus for e-commerce fulfillment."

"The juiciest fashion memoir of the year is out."

"Does distinction withdraw into sheer buying power?"

"But can a bankrupt luxury department store make a comeback in the middle of a pandemic?"

"It remains to be seen if frugality will become cool."

"There is a fine difference between a required expense and a frivolous spend."
A London tribunal ruled that the misuse of funds at the charity the supermodel founded had been concealed from her.
The model had spoken publicly about a years-long struggle with depression and addiction.
Twenty top lieutenants to CEO Francesco Milleri came to their boss’s defense in an escalating feud with Leonardo Maria Del Vecchio, a son of the founder who abruptly left a senior role at the company.
The LVMH chairman’s net worth fell to $143 billion on Thursday, pulling him beneath Warren Buffett, Bloomberg reported.
The brand plans to buy back more than €800 million ($932 million) of stock, seeking to bolster investor confidence after a slide in its shares and the exit of an heir of the eyewear maker’s founder from his management roles.
Looking ahead, consumers surveyed by the Conference Board expressed negative sentiment towards future job and income prospects.
Leonardo Maria Del Vecchio is stepping down as chairman of the Ray-Ban brand and as chief strategy officer, the company said, after reports of tensions with CEO Francesco Milleri.
Canadian and US negotiators are working against an Aug. 19 deadline to avert 50 percent tariffs on Canadian goods. While discussions remain constructive, significant work is still required to resolve key trade disputes.