LVMH Sells Sephora Business In Russia
July 12, 2022
LVMH’s Sephora is selling its business in Russia, becoming the latest major Western brand to exit the country. The business is being sold to Sephora’s
July 12, 2022
Klarna Raises $800M As Valuation Drops 85 Pct To $6.7B
July 12, 2022
Buy now, pay later (BNPL) provider, Klarna, has raised $800 million at a valuation of $6.7 billion, marking an 85% drop since June 2021. In
German Union Calls For Prime Day Strike
July 12, 2022
German union Verdi has asked warehouse employees at seven distribution centers to go on strike to protest Sunday evening’s night shift. The strike will coincide
K-Swiss And McLaren Racing Team Up For Exclusive Collection
July 12, 2022
Los Angeles-based footwear brand K-SWISS has signed a multi-year agreement with McLaren Racing to develop a collection that will encapsulate the brands’ sophistication and longevity
MATCHESFASHION Appoints ASOS’ Nick Beighton As New Chief Executive
July 12, 2022
Luxury fashion marketplace MATCHESFASHION has appointed former ASOS CEO Nick Beighton as its new chief executive. Beighton will take over the business from Paolo de
Gap CEO Sonia Syngal Steps Down
July 12, 2022
Gap has revealed that its chief executive officer (CEO) and president Sonia Syngal is stepping down after working nearly 18 years for the company. “Leading