Emotional connection is the top driver of luxury brand desirability in both the US and China— above craftsmanship, heritage and logo recognition, The State of Fashion report published by BoF and McKinsey found. Luxury clients in both are growing sceptical of artificial scarcity: In China, bespoke...
Exemplar Luxury Group, formerly Saks Global, has emerged from Chapter 11 with nearly a 75 per cent reduction in debt, stronger liquidity and new ownership. The company will focus on profitable growth by combining Neiman Marcus, Saks Fifth Avenue and Bergdorf Goodman under an integrated luxury...
Apparel Group has expanded Victoria’s Secret’s presence in India with a new full-assortment store at Phoenix Avenue of Stars in Pune. India Brand Ambassador Triptii Dimri marked the launch, reinforcing local consumer engagement and brand visibility. Featuring lingerie, sleepwear, beauty products...
H&M has reported improved H1 FY26 profitability despite lower sales, driven by stronger gross margins, disciplined cost control and better inventory management. Second-quarter net sales fell to SEK 54.83 billion (~$5.62 billion), while underlying operating profit rose 11 per cent. H1 net profit...
Hermès opened a new four-floor store at The Landmark Nagoya Sakae, Japan, on June 11 2026, drawing inspiration from Japanese culture, weaving traditions and local craftsmanship. Designed by RDAI, the space features textile-inspired interiors, curated artworks and bespoke installations by Mona...
Stitch Fix reported Q3 FY26 net revenue of $340.3 million, up 4.7 per cent YoY, while adjusted EBITDA reached $13.2 million. Active clients rose sequentially to 2.309 million. The company posted a net loss of $1.5 million and generated positive free cash flow. Stitch Fix raised its FY26 outlook,...
Primark has named Lucy Slinger as CFO as it advances international growth and prepares to become a standalone business. Joining from IKEA franchisee Ingka Group and previously holding senior finance roles at Shell, Slinger brings expertise in finance transformation, governance, capital allocation...
Adidas and football club Real Madrid have extended their partnership for eight more years, reinforcing one of football’s longest-running commercial alliances. The collaboration spans the men’s, women’s, academy, Genuine, and basketball teams. Backed by decades of sporting success, the renewed...
DICK'S Sporting Goods and adidas have launched the “Where It All Kicks Off” campaign to capitalise on FIFA World Cup 2026 excitement in the US, featuring stars including Lionel Messi, Lamine Yamal and Trinity Rodman. Beyond marketing, the partnership extends to in-store activations, fan...
Hugo Boss has acknowledged an unsolicited voluntary takeover offer from UK-based Frasers Group to acquire all outstanding shares at €38 (~$44.88) per share. The offer implies a modest 4 per cent premium to both the June 10 closing price and the three-month VWAP. The company said the bid was...