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.
Shopify Boosts Outlook on Strong Sales Performance
The Canadian e-commerce company reported second-quarter sales that beat analyst estimates and gave a more optimistic full-year outlook. Revenue grew 48 percent to $362 million.
Power Moves | Gucci Announces Head of Diversity; SMCP Names Sustainability Director
This week, Gucci hires its first lead for diversity and inclusion, while SMCP appoints its new HR and sustainability lead.
Puma Sees Higher Costs from Fleeing Trump’s Tariffs
The stampede of shoe and apparel production out of China has forced the sportswear company to lock in facilities in new countries earlier than usual, meaning it is carrying about 7 percent more inventory than it normally would.
Brazil's Fashion Retailer Lojas Renner Sales Drop in Q2 Net Income
The Brazilian company reported a quarterly net profit slump by 14.4 percent year-on-year in it's second quarter.
Puma Ups Outlook After Boost From Manchester City and Basketball
The sportswear group has been growing faster than larger rivals Adidas and Nike, helped by savvy social media campaigns and partnerships with top athletes, soccer clubs and celebrities
Ray-Ban Maker EssilorLuxottica Agrees to Buy GrandVision for $8 Billion
The deal was announced as the Franco-Italian eyewear company reported first-half earnings that beat analysts’ estimates.
Is the Stitch Fix Model the Future of Amazon Fashion?
Taking direct aim at Stitch Fix, Amazon’s newest service will send subscribers boxes of clothing, shoes and accessories selected by Amazon’s fashion team. But whether Amazon can replicate Stitch Fix's success remains to be seen.
None of Your Business With Bella Freud
In episode seven of the series, we speak to the eponymous founder of irreverent British fashion label Bella Freud.
L'Oréal's North American Sales Falter
The company posted weaker than expected second-quarter sales growth, with like-for-like revenue falling in North America as demand for make-up slows.
Report: Ray-Ban Maker EssilorLuxottica Nearing Deal to Buy GrandVision
The Franco-Italian company and GrandVision’s controlling shareholder, HAL, could reach an agreement as early as this week, according to sources familiar with the matter.
Under Armour Shares Fall 10% Following Revenue Forecast Cut
The company said it expects a slight decline in North America revenue for fiscal 2019, compared with a prior forecast of flat revenue.
Reebok Deepens Ties With Pyer Moss
The designer Kerby Jean-Raymond is extending his relationship with Reebok and announcing a new platform for innovative, fashion-forward projects that the sports brand will hopefully bring more relevance to its product offering.
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.