Apr 25, 2024 Last Updated 22:11 PM EDT

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Fashion/Clothing

Hugo Boss Is Finally Leaving Russia After the German Fashion House Agrees to Sell Russian Business to Stockmann

German fashion house Hugo Boss announced Wednesday that it had agreed to sell its Russian operations to wholesale partner Stockmann, marking the end of its presence in Russia.

FTC Sues to Block $8.5 Billion Merger of Coach and Michael Kors Handbag Makers

The Federal Trade Commission (FTC) has taken legal action to block Tapestry's $8.5 billion acquisition of Capri Holdings Limited, the parent company of Michael Kors...

FTC Sues to Block Tapestry's $8.5 Billion Takeover of Capri Holdings in Massive Luxury Fashion Merge

The Federal Trade Commission filed a lawsuit on Monday to halt Tapestry Inc.'s $8.5 billion acquisition of Capri Holdings, which would unite the Coach, Kate Spade, and Michael Kors brands...

Clothing Retailer Express to Shutter Over 100 Outlets as It Declares Bankruptcy

US multi-brand clothes retailer Express Inc. filed for Chapter 11 bankruptcy and will close over 100 stores...

Nike Set to Layoff 740 Employees in Oregon Headquarters in Second Phase of Job Cuts

Nike said in February that it will slash 2% of its global staff as par...

Lululemon Announces Closure of Washington Distribution Facility and Reduction of 128 Jobs

Lululemon announced that it will close its Washington distribution fac...

Latest News

Carousell Group Acquires LuxLexicon, Expanding Luxury Segment Reach; Monthly Listings Surge by 71%
Carousell bolsters luxury market presence with LuxLexicon acquisition, aiming to dominate upscale resale. Capitalizing on rising demand for used luxury items, Carousell eyes strategic growth in e-comm
Hermès Sued in Class Action Lawsuit Alleging Unfair Exclusivity Tactics in Birkin Bag Sales
Plaintiffs argue that Hermès restricts Birkin bag sales to high-volume buyers, violating antitrust laws.
Gucci Owner Kering Sees 14% Slump in Stock Price After Profit Warning Owing to Asia Sales Decline
Kering issued an unexpected profit warning due to plummeting Gucci sales in Asia, lowering its stock price by 14%.
TikTok Roasts Balenciaga's 'Absurd' $4,400 Luxury Bracelet Resembling Ordinary Sticky Tape
TikTok users had a blast mocking Balenciaga's $4,400 "luxury" bracelet, resembling a roll of sticky tape, unveiled during Paris Fashion Week.
Under Armour Founder Kevin Plank Reported to Return as CEO and the Company's Share Price Suddenly Jumped
Under Armour founder Kevin Plank is taking over as CEO of the sportswear company again.
Berkshire Hathaway's Brooks Running Longtime CEO Jim Weber Is Stepping Down After More Than 20 Years
After more than two decades, Jim Weber, the longtime CEO of Berkshire Hathaway's Brooks Running Company, is stepping down.
Hugo Boss Projects Disappointing 2024 Despite Record-Breaking 2023; Shares Take Nosedive
Hugo Boss warned that client demand may decline, sending its shares tumbling 18%.
Shein Is Eyeing London IPO Due to Challenges of Listing in the US
Shein is reportedly looking into switching its initial public offering (IPO) from New York to London due to possible issues with a listing in the United States.
Nike to Lay off More Than 1,500 Jobs
Nike announced on Thursday a reduction in its workforce by 2% that will result in the layoff of more than 1,500 jobs.
CSNJ Co. Ltd. Customising Resplendent Pieces of Jewellery with Its Artful Craftsmanship
Brought into existence more than 7 years ago, CSNJ Co. Ltd. has been flourishing multi-folds ever since. The founder of the brand, Mr. Chin Samnang, has been showcasing his designing adroitness in cur

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