German perfume retailer Douglas AG slumped as much as 11 percent as it began trading in Frankfurt after raising €850 million ($929 million) in the country’s largest listing this year.
The designer’s British-Indian identity has inspired her namesake label, known for sexy, sari-inspired dresses and confident feminism.
China-founded fast fashion company Shein will make its supply-chain infrastructure and technology available to global brands.
Next Plc expects profit to expand to nearly £1 billion ($1.3 billion) this year as rising wages free up British shoppers to spend more on fashion.
Senate Commerce Chair Maria Cantwell said she’s considering holding a public hearing on TikTok and social media following a classified briefing Wednesday.
US retail sales are expected to rise as much as 3.5 percent this year, a slower pace than 2023.
The statement comes after a report that the brand was mulling succession plans.
Thousands were arrested or threatened with detention following demonstrations over changes to the country’s minimum wage for garment workers last fall.
The Chinese-owned e-commerce platform reported revenue of 88.9 billion yuan ($12.4 billion) in the December quarter.