Author: Bloomberg

Fabletics, the membership-driven activewear brand, plans to double its annual revenue to $2 billion within five years, in part by opening scores of new stores. 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.

Phia co-founders Phoebe Gates and Sophia Kianni pushed for features in the e-commerce startup’s software that took credit for sales it didn’t drive, according to internal communications and people with knowledge of the matter. 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.

Phia co-founders Phoebe Gates and Sophia Kianni pushed for features in the e-commerce startup’s software that took credit for sales it didn’t drive, according to internal communications and people with knowledge of the matter. 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.

On Holding AG’s stock tumbled after it posted disappointing second-quarter sales as the Swiss brand held off from discounting older shoe models ahead of product updates in the highly promotional US market. 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.

Chief strategy officer Rachel Acheson, who worked at the company more than 14 years, has exited one month before chief executive Heidi O’Neill is set to take over, according to a source.

Adidas would do well to tailor its Chinese business more closely to local tastes rather than simply importing a global formula, writes Bloomberg’s Juliana Liu.

Bloomberg Intelligence estimates the ultra-fast fashion retailer supports a valuation of $22 billion to $25 billion, well below the roughly $30 billion valuation some investors have pushed for.

After its buzziest acquisition ever and a dozen years into the role, E.l.f.. Beauty CEO Tarang Amin still seems pretty “elfing” delighted by it all.