The News In Brief
Temu-Owner PDD Fires Dozens of Workers After Fistfight With China Officials
The e-commerce company fired its government relations team in Shanghai after a physical altercation between employees and Chinese regulators who were investigating reports of fraudulent deliveries.
Temu-Owner PDD Fires Dozens of Workers After Fistfight With China Officials
The e-commerce company fired its government relations team in Shanghai after a physical altercation between employees and Chinese regulators who were investigating reports of fraudulent deliveries.
Hermès Heir of Missing-Shares Fame Sets Up Paris Investment Firm
Nicolas Puech, a fifth-generation descendant of the founder of Hermès International SCA, established the company called Ferret last month.
Hermès Heir of Missing-Shares Fame Sets Up Paris Investment Firm
Nicolas Puech, a fifth-generation descendant of the founder of Hermès International SCA, established the company called Ferret last month.
US Apparel Sales Stagnated in October as Overall Spending Slowed
Lower-income households began pulling back on travel and clothing expenses.
US Apparel Sales Stagnated in October as Overall Spending Slowed
Lower-income households began pulling back on travel and clothing expenses.
Chanel Taps Aegon’s Top HR Executive for Luxury Company Role
Elisabetta Caldera has been named global chief people and organisation officer starting next month.
Chanel Taps Aegon’s Top HR Executive for Luxury Company Role
Elisabetta Caldera has been named global chief people and organisation officer starting next month.
Kering Raises $690 Million in New York Property Deal with Ardian
The French group is contributing 715-717 Fifth Avenue to a new joint venture with Ardian, as it continues its push to maintain control of prime retail locations while raising cash.
Kering Raises $690 Million in New York Property Deal with Ardian
The French group is contributing 715-717 Fifth Avenue to a new joint venture with Ardian, as it continues its push to maintain control of prime retail locations while raising cash.
Rick Owens Bans Animal Fur
The news comes less than a week after the Coalition to Abolish the Fur Trade staged protests outside the brand’s stores.
Rick Owens Bans Animal Fur
The news comes less than a week after the Coalition to Abolish the Fur Trade staged protests outside the brand’s stores.
Ssense Receives Court Approval to Extend its Restructuring Process
A new stay order granted by the Superior Court of Quebec gives the embattled Canadian e-tailer until Feb. 19 to right size its business.
Ssense Receives Court Approval to Extend its Restructuring Process
A new stay order granted by the Superior Court of Quebec gives the embattled Canadian e-tailer until Feb. 19 to right size its business.
Indie Brand Sacheu Beauty Expands C-Suite
The cosmetics brand, best known for its viral peel-off lip stains, has named Michelle Miller and Connie Kim as to lead its marketing and financial operations respectively.
Indie Brand Sacheu Beauty Expands C-Suite
The cosmetics brand, best known for its viral peel-off lip stains, has named Michelle Miller and Connie Kim as to lead its marketing and financial operations respectively.
TPG Cuts Stake in Anastasia Beverly Hills, Takes $600 Million Hit
The private equity firm exited most of its stake in Anastasia Beverly Hills as part of a debt restructuring, largely wiping out its initial investment, according to people familiar with the matter.
TPG Cuts Stake in Anastasia Beverly Hills, Takes $600 Million Hit
The private equity firm exited most of its stake in Anastasia Beverly Hills as part of a debt restructuring, largely wiping out its initial investment, according to people familiar with the matter.
Saks’ Distressed Debt Tumbles to Lows Ahead of Interest Deadline
The luxury retailer faces a more than $100 million interest payment deadline at the end of the month.
Saks’ Distressed Debt Tumbles to Lows Ahead of Interest Deadline
The luxury retailer faces a more than $100 million interest payment deadline at the end of the month.
Report: Coty CEO and Chair to Exit in Leadership Shake-Up
The Financial Times reported on Friday that chief executive Sue Nabi and the company's chair, Peter Harf, are set to exit the company as part of an overhaul led by controlling shareholder JAB Holdings.
Report: Coty CEO and Chair to Exit in Leadership Shake-Up
The Financial Times reported on Friday that chief executive Sue Nabi and the company's chair, Peter Harf, are set to exit the company as part of an overhaul led by controlling shareholder JAB Holdings.
EU Agrees to Interim €3 Levy on Small Parcels to Combat China
Ministers agreed last month to abolish a rule that let goods under €150 enter the EU without customs duties.
EU Agrees to Interim €3 Levy on Small Parcels to Combat China
Ministers agreed last month to abolish a rule that let goods under €150 enter the EU without customs duties.