News – FashionNetwork.com Worldwide FashionNetwork.com – Networking for Fashion, Luxury and Beauty Professionals
- FountainVest seeks $1.32 billion in Arc’teryx maker share saleon 28 May 2025
An Asian private equity firm is seeking to raise as much as $1.32 billion in a sale of about half its shares in Amer Sports Inc., as early investors in the maker of Arc’teryx clothing look to cash out.
- Victoria’s Secret website down in days-long unexplained outageon 28 May 2025
Victoria’s Secret & Co.’s website was offline Wednesday, with some customers saying they’ve been unable to shop online with the lingerie maker since at least Monday.
- Elf Beauty logs 28% annual sales surge, acquires Hailey Bieber’s Rhode beauty brandby Benjamin Fitzgerald on 28 May 2025
Elf Beauty announced on Wednesday net sales in the last 12 months surged 28% to $1.3 billion million, with the U.S. cosmetic retailer revealing it has purchased Hailey Bieber’s Rhode beauty brand for $1 billion.
- Jacquemus unveils takeover at Monte-Carlo Beach Clubby Jennifer Braun on 28 May 2025
French fashion house Jacquemus has teamed up with the Monte-Carlo Société des Bains de Mer for a seasonal collaboration with the Monte-Carlo Beach Club.
- Kay Jewelers names Teddy Swims chief love officerby Jennifer Braun on 28 May 2025
Kay Jewelers has named artist and style icon Teddy Swims as the brand’s inaugural chief love officer.
- Hurley launches first brand ambassador campaign with Travis Barkerby Jennifer Braun on 28 May 2025
Global apparel and lifestyle brand Hurley launched on Wednesday its first brand ambassador campaign and capsule collection with Travis Barker.
- LVMH sees room to lift prices 2–3%, says deputy CEOon 28 May 2025
LVMH can raise high-end product prices by 2–3% without hurting luxury demand, but executives say lifting prices for beauty items or cognac would be more difficult due to limited elasticity.
- Pepkor’s fashion chain Ayana aims for hundreds of stores in South Africaon 28 May 2025
Recently launched fashion chain Ayana could have hundreds of stores, the CEO of its owner Pepkor told Reuters, as the South African retailer targets trendier customers and embraces the fast-fashion model of some rivals.
- Abercrombie surges on raised outlook after tallying tariff coston 28 May 2025
Abercrombie & Fitch shares jumped in premarket trading after the retailer raised its full-year outlook, absorbing $50 million in tariffs while benefiting from strong Hollister sales and reduced China exposure.
- Dick’s Sporting maintains outlook ahead of Foot Locker dealon 28 May 2025
Dick’s Sporting Goods Inc. maintained its annual sales and profit forecast as it prepares to acquire struggling footwear chain Foot Locker Inc. in a $2.4 billion deal, signaling confidence in its growth strategy.
- Frasers wins control of XXL ASA, unsure if business can be savedby Sandra Halliday on 28 May 2025
The UK’s Frasers Group has been interested in buying struggling Norwegian sports retailer XXL ASA since last year and despite walking away before returning to the pursuit, it’s now close to achieving its goal.
- Kering’s debt burden grows as Gucci strategy falterson 28 May 2025
Kering’s push to reduce its reliance on Gucci through costly acquisitions has backfired, leaving the group and its parent Artemis heavily indebted amid rising rates and a luxury market slump.
- Macy’s posts better-than-expected sales with focus on top storeson 28 May 2025
Macy’s posted better-than-expected quarterly results, as a focus on its top stores helped offset weakening consumer sentiment, tariff volatility, and ongoing shifts in retail behavior.
- Covent Garden debut is Onitsuka Tiger’s first Red concept store in Europe, Paris comes nextby Sandra Halliday on 28 May 2025
Covent Garden continues to be something of a magnet for sneaker brands and the latest arrival is Onitsuka Tiger’s very first European Red concept store.
- Capri signals selective price hikes on Michael Kors handbags to counter tariff hiton 28 May 2025
Capri Holdings said on Wednesday that it might selectively raise prices on leather handbags to cushion a hit from tariffs as the Michael Kors owner tries to revive sales at its core brand.
- Retail landlord Grosvenor returns to profit in 2024, spends billions revamping South Molton Stby Nigel TAYLOR on 28 May 2025
Grosvenor Group, which operates 300 acres of prime property in the West End of London on behalf of The Duke of Westminster, returned to pre-tax profit in 2024.
- All-conquering Chelsea women’s team names D Louise as first jewellery partnerby Nigel TAYLOR on 28 May 2025
British jewellery brand D Louise has linked with Chelsea FC Women as its first official partner, and for good reason as the high-profile team has just finished the domestic football season unbeaten with three trophies.
- Luxe British jeweller Jessica McCormack opens Madison Avenue storeby Nigel TAYLOR on 28 May 2025
In response to an ever-growing American clientele, London-based diamond jeweller Jessica McCormack has opened a standalone store on Madison Avenue, New York, adding to its two statement flagship stores in London.
- London-based designer wins Visa’s ‘Recycle the Runway’ competitionby Nigel TAYLOR on 28 May 2025
London-based Peruvian fashion designer Genaro Rivas has been crowned overall winner of ‘Recycle the Runway’, a new initiative from Visa. The award comes with a share of a £20,000 prize fund.
- Japanese label Children of the Discordance to stage show at Pitti Uomoby Edoardo Meliado on 28 May 2025
Japanese brand Children of the Discordance, led by designer Hideaki Shikama, will stage a special fashion show during Pitti Uomo on Tuesday, June 17, at Florence’s Stazione Leopolda, highlighting menswear innovation.
- Italy’s Golden Goose posts 12% rise in first-quarter revenueson 28 May 2025
Italian luxury sneaker maker Golden Goose still sees a market listing as an excellent opportunity but rules out an initial public offering this year and is leaving the door open to M&A options, its CEO said on Wednesday.
- Victoria Beckham’s fashion story gets the spotlight in upcoming Netflix showon 28 May 2025
Victoria Beckham is back in the spotlight with a profitable brand, a new fragrance line, and her own Netflix series. The designer reflects on her growth, style, and what’s next for her namesake company.
- Wanna launches Bag Capacity Widget to boost VTO experienceby Sandra Halliday on 28 May 2025
Given the massive importance of the high-margin bags sector, virtual try-on specialist Wanna is boosting its AR tsolutions for handbags with the latest advance being the addition of its animated Bag Capacity Widget.
- Shein eyes Hong Kong IPO as Chinese regulators stall London planson 28 May 2025
Shein plans to list in Hong Kong after failing to secure Chinese regulatory approval for its London IPO. The shift may impact its global reputation and valuation amid rising scrutiny.
- After CEO exit, White Stuff trading director Verghese becomes MDby Sandra Halliday on 28 May 2025
Following news of White Stuff CEO Jo Jenkins’ exit, the now-TFG-owned company hasn’t wasted time in getting its leadership team in shape.
- As Tala opens first UK store, tariffs bite and its US expansion is pausedby Sandra Halliday on 28 May 2025
Athleisure brand Tala’s growth has seemed to be unstoppable in recent periods but its US expansion is having to take a back seat. Due to tariffs imposed by the US, its £5m investment in growing the market is now on ice.
- Thinus Keeve is new M&S retail directorby Sandra Halliday on 28 May 2025
M&S is still reeling from its cyberattack but aside from the work going on to counter that, it’s business as usual elsewhere. And part of that is a focus on key roles within the firm.
- Canada’s Hudson’s Bay retail chain to terminate more than 8,300 workers by Sundayon 28 May 2025
Canada’s Hudson’s Bay Company plans to lay off 8,347 employees, or 89% of its workforce, by Sunday when it will conclude its liquidation sale and shut all stores, according to documents published late on Monday.
- Retailers pummeled by Trump’s trade war entertain more ‘take-private’ offerson 28 May 2025
Boards and the owners of retailers whose shares have been pummeled by U.S. President Donald Trump’s trade war are increasingly warming to offers to sell.
- Psycho Bunny teams up with American tennis player Andy Roddickby Jennifer Braun on 28 May 2025
Canadian brand Psycho Bunny announced on Tuesday a multi-year partnership with American tennis player, Andy Roddick.