Luxury supplier Altofare Group is preparing to kick off debt talks with its creditors as spending on high-end goods declines. The company, which oversees a …
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Plans
How an Indie Running Brand Plans to Compete With Sneaker Giants
In a category dominated by giants, a small Paris-based running brand is about to throw its hat into the ring. Satisfy, a men’s performance wear …
Inde Wild Secures $5 Million, Plans Sephora US Launch
Inde Wild has closed a seed extension round of $5 million to help fuel its global Sephora partnership, The Business of Beauty has learned. The …
Steve Madden Plans to Raise Prices Due to China Tariffs
Steven Madden Ltd. said it will raise some prices in the fall to counter the higher cost of China tariffs. “We will be selectively raising …
Forever 21 Plans Hundreds of Store Closures in Second Bankruptcy
The US-based operator of Forever 21 Inc. is preparing to close at least 200 more locations from the fast-fashion retailer’s shrinking store base as part …
Forever 21 Considers Bankruptcy Filing If Asset-Sale Plans Fail
Forever 21 is considering multiple options to turn around its business, which could include a second bankruptcy filing, according to people with knowledge of the …
Jewellery-Shipper Ferrari Group Kicks Off Amsterdam IPO Plans
Luxury logistics company Ferrari Group Plc announced plans to launch an initial public offering in Amsterdam, becoming one of Europe’s first companies to seek a …
Trump Plans to Enact 25% US Tariffs on Mexico, Canada by Feb. 1
President Donald Trump said he planned to impose previously threatened tariffs of as much as 25 percent on Mexico and Canada by Feb. 1, reiterating …
EU Plans Ban on ‘Forever Chemicals’ in Consumer Products
The European Commission intends to propose a ban on the use of PFAS, or “forever chemicals”, in consumer products, with exemptions for essential industrial uses, …
How LVMH’s Hublot Plans to Rise Above The Watch Market’s Downturn
Luxury watchmakers need to be more conscious of value for money as they seek to reinvigorate demand for the sector, according to Hublot’s new chief …
Africa’s Top Clothing Retailer Pepkor Rallies as It Plans Growth Push
Pepkor Holdings Ltd. climbed to the highest in three years as Africa’s largest clothing retailer declared a dividend that beat analysts’ estimates and the group …
LVMH’s Antoine Arnault Reveals Plans for Paris Football Club
Antoine Arnault, the scion of the LVMH luxury empire led by his father, plans to turn second-tier football club Paris FC into a rival for …
Starmer Plans to Leave Scrutiny of Shein IPO to UK Regulator
The UK government plans to leave scrutiny of Shein’s pursuit of a stock listing in London to the country’s financial regulator, sparing the Chinese fast-fashion …
Inside Department Stores’ Plans to Bring Beauty Customers Back
It was a bit like seeing an old friend who was also clearly a zombie — a mix of familiarity, affection and horror — when …
Amazon Sets Ultra-Low Pricing Plans for Temu Rival Store, The Information Reports
Amazon is imposing severe price caps on what merchants can charge for their products on a new low-cost storefront that the e-commerce giant is preparing …
Walgreens Plans to Shutter 14% of US Stores Over Three Years
Walgreens Boots Alliance Inc plans to close 14 percent of its US stores to cut costs as consumers pull back spending. The drugstore chain said …
Shein Plans Investor Meetings Ahead of London IPO
Online fashion retailer Shein is preparing to start early, informal meetings with investors to gauge interest ahead of a potential initial public offering in London, …
Macy’s Plans 60 New Bluemercury Stores in 2019
CINCINNATI, United States — Macy’s Inc., pleased so far with the performance of Bluemercury, is pushing for more. The cosmetics brand, acquired by Macy’s for …
THG Plans to Demerge Tech Arm, Focus on Beauty and Nutrition in Push for FTSE Inclusion
THG Plc plans to demerge its technology platform and switch the listing of its core beauty and nutrition business in an attempt to boost the …
Worldview: Seoul Fashion Week’s New Boss Reveals Future Plans
Seoul Fashion Week’s new boss recommits to B2B strategy. Held from Sep. 3 to 7 in the South Korean capital, the latest edition of …