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.
Johannesburg, South Africa
Beauty
South African Department Store Woolworths Partners With Beyoncé Makeup Artist
Like many of its peers, Woolworths has invested heavily in its beauty business by partnering luxury international brands such as House of Chanel, Estée Lauder and Jo Malone.
South African Department Store Woolworths Partners With Beyoncé Makeup Artist
Like many of its peers, Woolworths has invested heavily in its beauty business by partnering luxury international brands such as House of Chanel, Estée Lauder and Jo Malone.
Retail
South Africa's Woolworths Hit by Sluggish Sales, Earnings Warning
Sales at the local fashion, beauty and home business declined by 2 percent, with comparable store sales down 2.4 percent due to a significantly smaller winter clearance sale in the first quarter.
South Africa's Woolworths Hit by Sluggish Sales, Earnings Warning
Sales at the local fashion, beauty and home business declined by 2 percent, with comparable store sales down 2.4 percent due to a significantly smaller winter clearance sale in the first quarter.
News & Analysis
Nike Stores in South Africa Reopen Following Backlash Over Racist Video
Some stores were closed earlier in the week following a backlash over racist comments by a man said to have links to the US sportswear company.
Nike Stores in South Africa Reopen Following Backlash Over Racist Video
Some stores were closed earlier in the week following a backlash over racist comments by a man said to have links to the US sportswear company.
Global Markets
Nike Closes South African Stores After Racist Video Goes Viral
A Nike employee’s husband posted racist video while on vacation.
Nike Closes South African Stores After Racist Video Goes Viral
A Nike employee’s husband posted racist video while on vacation.
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Retail
South Africa's Long4Life to Buy Fashion Retailer Rage for $287 Million
The owner of Long4Life has made a string of acquisitions, including sporting goods retailer Holdsport and beauty chain Sorbet.
South Africa's Long4Life to Buy Fashion Retailer Rage for $287 Million
The owner of Long4Life has made a string of acquisitions, including sporting goods retailer Holdsport and beauty chain Sorbet.
News & Analysis
$117 Million South African Mohair Industry Threatened by H&M, Inditex Ban
Almost 70 companies, including H&M and Inditex, will stop using mohair following the release of video footage from 12 Angora goat farms in the Karoo region depicting animal cruelty.
$117 Million South African Mohair Industry Threatened by H&M, Inditex Ban
Almost 70 companies, including H&M and Inditex, will stop using mohair following the release of video footage from 12 Angora goat farms in the Karoo region depicting animal cruelty.
Global Markets
Op-Ed | It’s Time for Vogue Africa
With international editions of Vogue for the Middle East, Latin America and more recently for Poland and even the Czech Republic, calls for Vogue Africa are growing louder.
Op-Ed | It’s Time for Vogue Africa
With international editions of Vogue for the Middle East, Latin America and more recently for Poland and even the Czech Republic, calls for Vogue Africa are growing louder.
News & Analysis
Turning the Focus Back on South Africa
Executives need to keep a close eye on the South African fashion market as it could be poised for a rebound after years in the doldrums. Newly installed president Cyril Ramaphosa has a tall order but industry leaders are emboldened.
Turning the Focus Back on South Africa
Executives need to keep a close eye on the South African fashion market as it could be poised for a rebound after years in the doldrums. Newly installed president Cyril Ramaphosa has a tall order but industry leaders are emboldened.
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Marketing
South African Protesters Ransack H&M Stores Over 'Monkey' Hoodie Ad
Protesters angered by H&M's controversial picture of a black child trashed several of the Swedish fashion group's South African stores.
South African Protesters Ransack H&M Stores Over 'Monkey' Hoodie Ad
Protesters angered by H&M's controversial picture of a black child trashed several of the Swedish fashion group's South African stores.
Luxury
Report: South Africa's Taste Holdings Halts Sale of Hard Luxury Arm
The company has suspended the auction of its jewellery and high-end watches business after failing to find a buyer willing to pay their $31 million asking price.
Report: South Africa's Taste Holdings Halts Sale of Hard Luxury Arm
The company has suspended the auction of its jewellery and high-end watches business after failing to find a buyer willing to pay their $31 million asking price.
Beauty
L'Oreal Designs Hair Care for a New Market
The world’s biggest maker of beauty products is hoping to capture a market that it estimates at 100 million middle-class consumers.
L'Oreal Designs Hair Care for a New Market
The world’s biggest maker of beauty products is hoping to capture a market that it estimates at 100 million middle-class consumers.
Financial Markets
Bain Exit Leaves Edcon Struggling in South Africa Retail Slump
Bain Capital Partners LLC’s decision to walk away from Edcon Holdings Ltd. leaves South Africa’s largest clothing retailer to claw back market share.
Bain Exit Leaves Edcon Struggling in South Africa Retail Slump
Bain Capital Partners LLC’s decision to walk away from Edcon Holdings Ltd. leaves South Africa’s largest clothing retailer to claw back market share.
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.