Bondholders Approve Saks Global’s Five-Year Business Plan
Saks is moving towards exiting bankruptcy and tapped an additional $300 million of its Chapter 11 financing package.
Saint Petersburg, Russia
Retail
How Russia’s Largest Fashion Group Is Driving Retail Growth in St. Petersburg
As DLT, St. Petersburg’s most famous department store, celebrates its 110th anniversary, BoF meets Alexander Pavlov, chief executive of the Mercury-owned TSUM and DLT department stores, to hear how he continues to find growth in the challenging Russian market.
How Russia’s Largest Fashion Group Is Driving Retail Growth in St. Petersburg
As DLT, St. Petersburg’s most famous department store, celebrates its 110th anniversary, BoF meets Alexander Pavlov, chief executive of the Mercury-owned TSUM and DLT department stores, to hear how he continues to find growth in the challenging Russian market.
Global Markets
Russia’s Patriotic Fashion Agenda
With international sanctions and rising nationalism creating a perfect storm, the Russian government has launched an optimistic strategy to bolster local fashion through subsidies, synergies and support.
Russia’s Patriotic Fashion Agenda
With international sanctions and rising nationalism creating a perfect storm, the Russian government has launched an optimistic strategy to bolster local fashion through subsidies, synergies and support.
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The News in Brief
Luxury Stocks Face Most Bearish Sentiment in Years, UBS Says
War in the Middle East, the luxury industry’s fastest-growing market, threatens to delay a long-expected rebound in demand.
Trump Signs Order to Combat Fraudulent ‘Made in America’ Labels, White House Says
The executive order directs the FTC chairman to prioritise enforcement of existing laws against sellers and manufacturers who falsely claim products are made in America.
Lanvin Deputy CEO Siddhartha Shukla Exits Brand
Owner Lanvin Group said it is ‘fully committed’ to the French label’s development under creative director Peter Copping, with CEO Andy Lew in charge of management.
Ulta Beauty Forecasts Annual Profit Below Estimates
Shares declined in after-hours trading as the beauty retailer expressed a cautious outlook for 2026.
Exclusive: Brita Invests in Shower Filter Firm Hello Klean
The German water filtration firm has acquired a minority stake in Hello Klean, which sells shower heads it claims mitigate the effects of hard water.
AII Launches Industry-First Tool Standardising Measurement of Carbon Emissions
The new tool published by the climate-focused nonprofit aims to create a standardised benchmark across textile facilities to accelerate fashion’s efforts to decarbonise.
Marco De Vincenzo Exits Etro
The creative director’s departure after four years was a decision of ‘mutual agreement’ according to the Italian label.