Author: Bloomberg
The Hayek family blocked Steven Wood’s second bid for a seat on the watchmaker’s board of directors with their 44 percent voting rights and three board seats, maintaining their tight control of the company.
The rejection leaves GameStop CEO Ryan Cohen with the option to try to pursue a proxy fight to replace eBay board members, which could take more than a year.
Japan’s largest beauty conglomerate is looking to potentially swap out oil-based inputs for plant-derived materials as the Middle East conflict upends its supply chain.
On Holding AG raised its profit outlook after a robust start to the year that saw consumers snap up the Swiss brand’s growing range of apparel and new sneakers.
Shein has accused Temu of copyright infringement.
President Donald Trump’s 10 percent global tariffs were declared unlawful by a federal trade court in a fresh blow to the administration’s economic agenda, just months after the US Supreme Court vacated earlier levies he’d imposed. Please sign in to ensure you can read our agenda-setting intelligence, analysis and advice. Or get in touch at support@businessoffashion.com if you experience difficulties.
With Sephora China posting four consecutive years of losses, it’s time to turn over the reins to a more engaged ally adept at converting consumer trends into product design, marketing and effective pricing, writes Juliana Liu.
The GLP-1 medication has surpassed Merck & Co.’s cancer therapy Keytruda as the world’s best-selling medication.
Refunds for the $166 billion in global tariffs that the US Supreme Court declared unlawful earlier this year have started hitting importers’ bank accounts.
Estimated costs related to the conflict in the Middle East tripled, with the UK retailer planning to mitigate them through measures including raising prices.