The News In Brief
Saks Settles Fight With Simon Property, Cuts Deal With Creditors
The company also won court approval for a financing package to raise as much as $500 million from investors.
Saks Settles Fight With Simon Property, Cuts Deal With Creditors
The company also won court approval for a financing package to raise as much as $500 million from investors.
US Democratic Lawmakers Urge Retail, Shipper CEOs to Pass Trump Tariff Refunds to Consumers
In a letter, a group of 15 Democrats in the US House of Representatives asked CEOs to detail how they passed tariff costs on to consumers, small businesses and other suppliers.
US Democratic Lawmakers Urge Retail, Shipper CEOs to Pass Trump Tariff Refunds to Consumers
In a letter, a group of 15 Democrats in the US House of Representatives asked CEOs to detail how they passed tariff costs on to consumers, small businesses and other suppliers.
The Middle East War Is Squeezing Asia’s Polyester Suppliers
A surge in fossil fuel prices since the Iran war is squeezing polyester suppliers and garment makers across India and Bangladesh, threatening to raise costs for fast-fashion retailers like Zara and H&M.
The Middle East War Is Squeezing Asia’s Polyester Suppliers
A surge in fossil fuel prices since the Iran war is squeezing polyester suppliers and garment makers across India and Bangladesh, threatening to raise costs for fast-fashion retailers like Zara and H&M.
Nike to Cut Around 1,400 Jobs in Efficiency Push
The cuts focus on jobs in global operations, mainly technology, in North America, Asia and Europe, and account for just under 2 percent of the sneaker brand’s workforce.
Nike to Cut Around 1,400 Jobs in Efficiency Push
The cuts focus on jobs in global operations, mainly technology, in North America, Asia and Europe, and account for just under 2 percent of the sneaker brand’s workforce.
P&G Tops Estimates on Beauty Products Demand, Warns of Profit Hit From Middle East War
Procter & Gamble on Friday said it expected a $150 million hit to its annual profit, even as demand for its pricier hair and skin care products helped the consumer goods bellwether top quarterly expectations.
P&G Tops Estimates on Beauty Products Demand, Warns of Profit Hit From Middle East War
Procter & Gamble on Friday said it expected a $150 million hit to its annual profit, even as demand for its pricier hair and skin care products helped the consumer goods bellwether top quarterly expectations.
E.l.f. Beauty, Lululemon Face High Cost of Price Transparency
Brands that publicly disclosed tariff-related price hikes are now facing class-action lawsuits from consumers.
E.l.f. Beauty, Lululemon Face High Cost of Price Transparency
Brands that publicly disclosed tariff-related price hikes are now facing class-action lawsuits from consumers.
Lululemon Shares Drop as New CEO Appointment Leaves Investors Unimpressed
Critics of Heidi O’Neill’s appointment are focusing on the downturn in Nike’s DTC business near the end of her tenure at the sportswear giant.
Lululemon Shares Drop as New CEO Appointment Leaves Investors Unimpressed
Critics of Heidi O’Neill’s appointment are focusing on the downturn in Nike’s DTC business near the end of her tenure at the sportswear giant.
LVMH’s Bernard Arnault Says Return to Growth Depends on Resolving Middle East Crisis
Luxury’s mid and long-term prospects remain intact, but short-term recovery hinges on outcome of conflict in the Middle East, LVMH’s chairman said at the company’s annual meeting.
LVMH’s Bernard Arnault Says Return to Growth Depends on Resolving Middle East Crisis
Luxury’s mid and long-term prospects remain intact, but short-term recovery hinges on outcome of conflict in the Middle East, LVMH’s chairman said at the company’s annual meeting.
Jacob Elordi Named Bleu de Chanel Ambassador
The ‘Euphoria’ actor is the newest face of Chanel’s flagship men’s fragrance franchise, which will debut a new campaign this May.
Jacob Elordi Named Bleu de Chanel Ambassador
The ‘Euphoria’ actor is the newest face of Chanel’s flagship men’s fragrance franchise, which will debut a new campaign this May.
Good Earth Founder Anita Lal to Launch Skincare Range
Iti, a new premium range of skincare products, will be available from April 28 in her line of Good Earth lifestyle stores throughout India.
Good Earth Founder Anita Lal to Launch Skincare Range
Iti, a new premium range of skincare products, will be available from April 28 in her line of Good Earth lifestyle stores throughout India.
Skincare Firm Galderma Posts 25.5% Sales Jump Driven by US Market
Swiss skincare firm Galderma on Thursday said first-quarter sales jumped 25.5 percent in constant-currency terms to $1.47 billion, and signalled it would be able to manage the impact of US tariffs in 2026.
Skincare Firm Galderma Posts 25.5% Sales Jump Driven by US Market
Swiss skincare firm Galderma on Thursday said first-quarter sales jumped 25.5 percent in constant-currency terms to $1.47 billion, and signalled it would be able to manage the impact of US tariffs in 2026.
Lululemon Names Former Nike Executive O’Neill Its Next CEO
O’Neill, who was most recently Nike Inc.’s president of consumer, product and brand, will take over as permanent CEO on Sept. 8.
Lululemon Names Former Nike Executive O’Neill Its Next CEO
O’Neill, who was most recently Nike Inc.’s president of consumer, product and brand, will take over as permanent CEO on Sept. 8.