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.
News & Analysis
Fashion News, Analysis and Business Intelligence from the leading digital authority on the global fashion industry.
The Billionaire Who Backed Michael Kors Is Investing in Influencer Arielle Charnas
Charnas, whose licensing deal with Nordstrom is ending, has raised $10 million from Silas Chou and other investors to start a lifestyle brand headed by Naadam co-founder Matt Scanlan.
Pandora Turns to Harry Potter in Bid to Relaunch Brand
Following poor results in key markets and waning favour from investors, the danish jewellery company has signed a contract with film production company Warner Bros. as part of its two-year restructuring plan.
De Beers Allows Customers to Reject Small Diamonds to Appease Surplus Crisis
As demand for diamond jewellery is stagnant and high stocks of polished gems cuts margins, De Beers has told customers they can refuse to buy stones that are smaller than three-quarters of a carat.
Trade War Is Turning China’s Local Manufacturers to the Domestic Market, Says E-Commerce Giant Jd.Com
"As JD.com seeks to tap the growth potential of China’s smaller cities, the pressure is on to undercut competitors on price and quality."
Anna Wintour Has Yet Another Job at Condé Nast
"The recently acquired role will have Wintour overseeing Vogue International, as well as advising executives on global content opportunities."
Online Retailers Are Transforming Warehouse Construction
"The race to get products to the end-user as fast as possible has transformed the way warehouses are designed and built"
‘A Slippery Slope’: Amazon Wants to Control Third-Party Sellers’ Product Pricing
"Amazon’s flywheel depends on lower prices, and the flywheel works. But who does it work for? "
Beyond Androgyny: Nonbinary Teenage Fashion
"Because if people don’t have to exist in a binary, then why should fashion?"
Canada Goose Misses Margins on Higher Sales of Less Profitable Clothes
As the luxury apparel maker sold more of its light-weight spring season clothes, which are not as profitable as its $1,000 parkas, quarterly gross margins missed estimates.
Macy’s Tanks After Forecast Cut, Signaling Department-Store Woes
The department store's shares fell by 15% in New York on Wednesday, amid sales slide following rising competition by e-commerce rivals.
Australian Wool Prices a Casualty in US-China Trade War
Australia, which controls 90 percent of global fine-wool exports, is seeing wool grade prices fall by 7 percent over Sino-US trade war.
Amazon Seller Complaints Drawing FTC Interest, Chairman Says
The US government agency is investigating alleged anti-competitive conduct on the e-commerce platform.
THE NEWS IN BRIEF
Model Presley Gerber, Cindy Crawford’s Son, Dies Aged 27
The model had spoken publicly about a years-long struggle with depression and addiction.
EssilorLuxottica Managers Defend CEO After Heir Lashes Out
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.
Arnault Drops Out of World’s Top 10 Richest as US Tech Dominates
The LVMH chairman’s net worth fell to $143 billion on Thursday, pulling him beneath Warren Buffett, Bloomberg reported.
EssilorLuxottica Starts Buyback to Bolster Stock After Heir Exit
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.
US Consumer Confidence Hits Seven-Month Low on Worse Outlook
Looking ahead, consumers surveyed by the Conference Board expressed negative sentiment towards future job and income prospects.
EssilorLuxottica Founder’s Son Quits Management Roles After Reported Rift With CEO
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.
US, Canada Still See Sticking Points Before Deadline for 50% Tariffs
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.