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.
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Latest News & Analysis
Luxury
How the LVMH & Tiffany Deal Will Reshape Luxury
The agreement, which knocks a modest $400 million off the original $16.2 billion price tag, ends weeks of corporate fighting and puts the French group in a position to be a dominant force in jewellery.
How the LVMH & Tiffany Deal Will Reshape Luxury
The agreement, which knocks a modest $400 million off the original $16.2 billion price tag, ends weeks of corporate fighting and puts the French group in a position to be a dominant force in jewellery.
Luxury
Cushnie Shutters, Citing Covid-19 Economic Challenges
The New York-based womenswear label, led by Carly Cushnie, will close after 12 years in business. While many independent designer labels are struggling right now, few have decided to fully shut down.
Cushnie Shutters, Citing Covid-19 Economic Challenges
The New York-based womenswear label, led by Carly Cushnie, will close after 12 years in business. While many independent designer labels are struggling right now, few have decided to fully shut down.
Retail
US Businesses Splurge on Insurance to Protect Against Post-Election Chaos
Among retailers, high-end brands typically have the greatest risk for protest damage and many are hunting for alternatives after some insurers excluded the coverage.
US Businesses Splurge on Insurance to Protect Against Post-Election Chaos
Among retailers, high-end brands typically have the greatest risk for protest damage and many are hunting for alternatives after some insurers excluded the coverage.
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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.