The News In Brief

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.

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.

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.’

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.’

Claire’s and The Original Factory Shop Near Collapse
Their owner, the private equity firm Modella Capital, has begun insolvency proceedings for both chains.

Claire’s and The Original Factory Shop Near Collapse
Their owner, the private equity firm Modella Capital, has begun insolvency proceedings for both chains.

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.

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.

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.

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.

Saks Global CEO Marc Metrick Steps Down
Executive chairman Richard Baker has been named his successor.

Saks Global CEO Marc Metrick Steps Down
Executive chairman Richard Baker has been named his successor.

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’.

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’.

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.

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.

Saks Skips Bond Payment Amid Talks With Creditors
The cash-strapped retailer missed an interest payment to bondholders totaling more than $100 million.

Saks Skips Bond Payment Amid Talks With Creditors
The cash-strapped retailer missed an interest payment to bondholders totaling more than $100 million.

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.

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.

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.

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 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 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.