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The News In Brief

Media

The Face Names Jonny Lu Creative Director, Editor-in-Chief Matthew Whitehouse to Exit

The cult British style and culture magazine has also hired five editors at large and announced plans for its first international imprint, The Face China.

Media

The Face Names Jonny Lu Creative Director, Editor-in-Chief Matthew Whitehouse to Exit

The cult British style and culture magazine has also hired five editors at large and announced plans for its first international imprint, The Face China.


Retail

Vestiaire Collective Co-Founder Exits

Fanny Moizant, who co-founded the luxury resale site with Sophie Hersan and Sébastien Fabre in 2009, announced her departure on LinkedIn on Monday, saying ‘it was not a decision I initiated.’

Retail

Vestiaire Collective Co-Founder Exits

Fanny Moizant, who co-founded the luxury resale site with Sophie Hersan and Sébastien Fabre in 2009, announced her departure on LinkedIn on Monday, saying ‘it was not a decision I initiated.’


Retail

Claire’s and The Original Factory Shop Near Collapse

Their owner, the private equity firm Modella Capital, has begun insolvency proceedings for both chains.

Retail

Claire’s and The Original Factory Shop Near Collapse

Their owner, the private equity firm Modella Capital, has begun insolvency proceedings for both chains.


Global Markets

China Travel Curbs Hit Japan Duty-Free Sales in December

Japanese department store operators Takashimaya, J Front Retailing and H2O Retailing were among those hit by prolonged geopolitical tensions with China.

Global Markets

China Travel Curbs Hit Japan Duty-Free Sales in December

Japanese department store operators Takashimaya, J Front Retailing and H2O Retailing were among those hit by prolonged geopolitical tensions with China.


Retail

Report: Saks in Talks for $1 Billion Bankruptcy Loan to Keep Doors Open

The cash-strapped luxury retailer has been negotiating a forbearance with some of its creditors.

Retail

Report: Saks in Talks for $1 Billion Bankruptcy Loan to Keep Doors Open

The cash-strapped luxury retailer has been negotiating a forbearance with some of its creditors.


Retail

Saks Global CEO Marc Metrick Steps Down

Executive chairman Richard Baker has been named his successor.

Retail

Saks Global CEO Marc Metrick Steps Down

Executive chairman Richard Baker has been named his successor.


Technology

Apple Reportedly Cuts Production of Vision Pro Headset After Poor Sales

The company had hoped the virtual reality device would herald a new era in ‘spatial computing’.

Technology

Apple Reportedly Cuts Production of Vision Pro Headset After Poor Sales

The company had hoped the virtual reality device would herald a new era in ‘spatial computing’.


Retail

Saks Global Prepares for Bankruptcy After Missing Debt Payment

The retailer is in talks with its creditors to secure financing after missing a debt payment tied to its Neiman Marcus acquisition, as reported by The Wall Street Journal.

Retail

Saks Global Prepares for Bankruptcy After Missing Debt Payment

The retailer is in talks with its creditors to secure financing after missing a debt payment tied to its Neiman Marcus acquisition, as reported by The Wall Street Journal.


Retail

Saks Skips Bond Payment Amid Talks With Creditors

The cash-strapped retailer missed an interest payment to bondholders totaling more than $100 million.

Retail

Saks Skips Bond Payment Amid Talks With Creditors

The cash-strapped retailer missed an interest payment to bondholders totaling more than $100 million.


Creative Class

Jacqueline de Ribes, ‘Last Queen of Paris,’ Has Died

The French aristocrat, designer and muse to Yves Saint Laurent and Valentino Garavani was an enduring symbol of Parisian sophistication and elegance.

Creative Class

Jacqueline de Ribes, ‘Last Queen of Paris,’ Has Died

The French aristocrat, designer and muse to Yves Saint Laurent and Valentino Garavani was an enduring symbol of Parisian sophistication and elegance.


Retail

LK Bennett Files to Appoint Administrators

The fashion brand appears to be heading for collapse for the second time in six years after filing an application with the high court on Tuesday to appoint an administrator to the business.

Retail

LK Bennett Files to Appoint Administrators

The fashion brand appears to be heading for collapse for the second time in six years after filing an application with the high court on Tuesday to appoint an administrator to the business.


China

China Unveils Initial $9 Billion in Consumer Subsidies for 2026

China will provide nearly $9 billion to subsidise its consumer goods trade-in drive next year, extending a stimulus program aimed at shoring up domestic demand and countering external headwinds.

China

China Unveils Initial $9 Billion in Consumer Subsidies for 2026

China will provide nearly $9 billion to subsidise its consumer goods trade-in drive next year, extending a stimulus program aimed at shoring up domestic demand and countering external headwinds.