Author: Reuters
US Customs and Border Protection validated over 80,000 applications for refunds covering an undisclosed number of shipments or entries.
Founder Kevin Plank, who returned as CEO in 2024, outlined a plan that involved reducing about a fourth of the company’s product lines and shifting to higher-priced items in sports categories.
Hims & Hers Health missed Wall Street estimates for first-quarter revenue and posted a surprise loss on Monday, as the telehealth company’s shift toward branded GLP-1 weight-loss drugs pressured its margins and domestic sales. 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.
The Trump administration asked a US court on Monday to suspend its ruling against the president’s proposed 10% global tariff as it pursues an appeal.
Italian daily la Repubblica reported, without citing sources, that Armani CEO Giuseppe Marsocci is preparing a business plan as he moves to appoint two advisers to oversee the sale.
Fashion retailer Zara has denied infringing Estée Lauder’s Jo Malone trademark, saying in UK High Court filings that it uses the perfumer’s name on fragrances it sells in collaboration with her in line with principles the cosmetics giant set out in 2020. 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.
German consumer goods and adhesives maker Henkel reported an organic 1.7 percent rise in first-quarter sales on Thursday, beating market expectations, driven by volume growth in both branches of its business. 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.
The lawsuit had accused the cosmetic giant of defrauding shareholders by concealing its over-dependence on improper grey-market sales in China.
Tylenol-maker Kenvue on Thursday beat Wall Street estimates for first-quarter revenue and profit helped by strong sales in its skin health and beauty brands.
The Coach owner raised its annual forecasts for the third time this year as it continues to attract affluent Gen Z customers.