Burberry Group Plc slumped after the UK trenchcoat maker slashed its profit forecast due to a drop in sales in the key Christmas quarter. Adjusted …
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Kering Backs Biomaterials Company Mogu in $12 Million Funding Round
French luxury group Kering’s venture investment arm has joined Italian biomaterials start-up Mogu’s latest funding round. The €11 million ($12 million) series A was led by …
The Vinted phenomenon: how one woman sold her clothes – and created a billion-dollar company | Vintage fashion
When is a jumble sale also a billion-euro tech startup? When it has 500m items for sale and 105 million users. I am in Vilnius, …
Aspen Skiing Company Files Federal Lawsuit Against Luxury Skiwear Label Perfect Moment
Aspen Skiing Company — which has been in business for roughly 75 years, according to the suit — owns four local resorts. It also vends its own …
Etsy Shares Dive After E-Commerce Company Cuts Workforce
Shares of Etsy Inc dropped on Wednesday after the e-commerce platform announced it would slash 11 percent of its workforce as it seeks to cut …
‘I woke up and it was no longer a company’: SmileDirectClub’s closure leaves customers in the lurch | Beauty
Audrey Ganus was running late for her SmileDirectClub appointment on Monday, so she called from the car to let a receptionist know that she might …
L’Oréal Acquires Probiotic Research Company Lactobio
L’Oréal is betting on microbiome skin care with the acquisition of Copenhagen-based probiotic research company Lactobio. The acquisition, announced on Dec. 4, will allow L’Oréal …
Report: Farfetch in Talks to Take Company Private
Farfetch’s chief executive José Neves is reportedly conferring with top shareholders, including Richemont and Alibaba, and JP Morgan about delisting the company, The Telegraph reported …
Burberry Shares Fall 10 Percent As Company Forecasts Lower Full-Year Sales
Burberry will be unable to meet its full-year revenue guidance if softer demand in the global luxury market continues, the British luxury company said Thursday. …
The BeautyHealth Company Announces a Leadership Shakeup
On Monday, the company, best known for its Hydrafacial brand, announced that president and chief executive Andrew Stanleick will be stepping down from his role …
how an ‘ugly’ orthopaedic shoe company created a brand worth billions
Asked to choose between a brown Birkenstock and a pink stiletto, most people would be able to make a fairly quick decision. In this year’s …
Tamara Mellon Announces Partnership With Footwear Licensing Company
Luxury shoe designer Tamara Mellon is partnering with licensing company Titan Industries to operate and manufacture her namesake brand, the two companies announced Friday. Under …
Il Makiage Parent Company Seeks Higher Valuation in US IPO
Oddity Tech said on Monday it was targeting a valuation of $1.92 billion in its US initial public offering (IPO), more than 13 percent higher …
Unilever’s New CEO May Need to Get Radical for a Company Turnaround
The Unilever Plc that Hein Schumacher is taking over as chief executive officer next week should be firing on all cylinders. But it’s not. Not …
The Lede Company Acquires OBCM
Public relations firm The Lede Company is acquiring Olivier Bourgis Communication and Marketing, better known as OBCM. The move unites Lede, a New York-based company …
Elon Musk’s brain implant company is approved for human testing. How alarmed should we be? | Elon Musk
Elon Musk’s brain-implant company Neuralink last week received regulatory approval to conduct the first clinical trial of its experimental device in humans. But the billionaire …
EU Parliament Backs Company Checks on Suppliers for Human Rights Abuses
The European Parliament on Thursday approved a groundbreaking draft law that would make it mandatory for large companies to check whether their suppliers are using …
Together Group Acquires Production Company North Six
Together Group, a communications firm that owns design, tech and marketing agencies focused on luxury fashion and lifestyle, has acquired the production company North Six, …
Lululemon Takes Minority Stake in Recycling Tech Company
Athleisure brand Lululemon has taken a minority stake in Samsara Eco, an Australian company that uses enzymes to recycle plastics like polyester and nylon into …
Uniqlo Boss: ‘Without a Soul, a Company is Nothing’
TOKYO — In small black type, neatly packed onto clean, pocket-size white plastic cards are the “23 Management Principles” of Tadashi Yanai, Japan’s richest man …