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.
trade
China
Alibaba Stock Rallies on Handsome Profit Beat
Shares went up 6 percent as the e-commerce giant reported quarterly profit far above market expectations and played down worries of Chinese economic slowdown and US tariffs.
Alibaba Stock Rallies on Handsome Profit Beat
Shares went up 6 percent as the e-commerce giant reported quarterly profit far above market expectations and played down worries of Chinese economic slowdown and US tariffs.
China
Alibaba Shows Signs of Strain as China's Economy Shudders
The e-commerce giant shed about $120 billion of market value through Friday since peaking in June.
Alibaba Shows Signs of Strain as China's Economy Shudders
The e-commerce giant shed about $120 billion of market value through Friday since peaking in June.
Financial Markets
The Year Ahead: Trade Reshaped by Uncertainty
The apparel trade could be reshaped by new barriers, trade tensions and uncertainty. However, there may also be new opportunities from growing South-South trade and the renegotiation of trade agreements.
The Year Ahead: Trade Reshaped by Uncertainty
The apparel trade could be reshaped by new barriers, trade tensions and uncertainty. However, there may also be new opportunities from growing South-South trade and the renegotiation of trade agreements.
Financial Markets
The Year Ahead: Caution as Economic Downturn Looms
A potential turn in the economic cycle is prompting concern among industry executives over prospects for the coming year.
The Year Ahead: Caution as Economic Downturn Looms
A potential turn in the economic cycle is prompting concern among industry executives over prospects for the coming year.
Financial Markets
Nike Shares Rise After Strong Quarterly Results
Shares rose 8 percent on Friday, after solid quarterly results eased concerns about escalating Sino-American trade tensions.
Nike Shares Rise After Strong Quarterly Results
Shares rose 8 percent on Friday, after solid quarterly results eased concerns about escalating Sino-American trade tensions.
China
China Stocks Weaken on Trade Concerns
Chinese stocks weaken amid doubts whether the US and China will come to an agreement in the 90-day trade truce.
China Stocks Weaken on Trade Concerns
Chinese stocks weaken amid doubts whether the US and China will come to an agreement in the 90-day trade truce.
China
China Says US-China Trade Talks Should Be Equal, Mutually Beneficial
Trump and Xi are expected to hold talks at next week's G20 summit as trade ties between the two countries become increasingly fraught.
China Says US-China Trade Talks Should Be Equal, Mutually Beneficial
Trump and Xi are expected to hold talks at next week's G20 summit as trade ties between the two countries become increasingly fraught.
China
Why Chanel Is Raising Prices On Its Most Popular Bags
This week, everyone will be talking about Chanel's global price hike, Tapestry's take on the US-China trade war and Cardi B's collection for Fashion Nova. Read our BoF Professional Cheat Sheet.
Why Chanel Is Raising Prices On Its Most Popular Bags
This week, everyone will be talking about Chanel's global price hike, Tapestry's take on the US-China trade war and Cardi B's collection for Fashion Nova. Read our BoF Professional Cheat Sheet.
Luxury
Report: North Korea Bought $640 Million in Luxury Goods From China in 2017
The imports are in defiance of UN sanctions outlawing such trade over North Korea's nuclear and missile programmes, said a South Korean lawmaker.
Report: North Korea Bought $640 Million in Luxury Goods From China in 2017
The imports are in defiance of UN sanctions outlawing such trade over North Korea's nuclear and missile programmes, said a South Korean lawmaker.
Luxury
Ermenegildo Zegna Chinese Demand Slows Due to Trade War
The luxury suit brand is turning cautious and planning a more conservative budget for investment in China next year.
Ermenegildo Zegna Chinese Demand Slows Due to Trade War
The luxury suit brand is turning cautious and planning a more conservative budget for investment in China next year.
News & Analysis
Gap Might Increase Its Prices Due to Tariffs on Chinese Goods
While most of the apparel company’s products are from Vietnam, about 22 percent still come from China.
Gap Might Increase Its Prices Due to Tariffs on Chinese Goods
While most of the apparel company’s products are from Vietnam, about 22 percent still come from China.
China
Op-Ed | Fashion Isn't Ready for a Trade War
China still accounted for 36.4 percent of global clothing exports in 2017, so US retailers face a dilemma of speed versus higher costs.
Op-Ed | Fashion Isn't Ready for a Trade War
China still accounted for 36.4 percent of global clothing exports in 2017, so US retailers face a dilemma of speed versus higher costs.
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.