The luxury parka retailer’s job cuts follow two quarters of single-digit sales growth after increases of more than 20 percent the previous two periods.
With over 100 million followers on Weibo, the actress, singer and film producer is one of the most popular figures in China today.
Premium skincare line Allies Of Skin announced a $20 million investment round on Mar. 26 with the funds earmarked for a wide US expansion. It’s the brand’s first institutional raise, having previously taken investment from family members and friends.
It’s the second time Alibaba has nixed a high-profile coming-out party for one of its main businesses.
The amount represents an acceleration on the pace of the company’s annual investments in Brazil after a 11.5 percent rise in 2023.
Asos Plc suffered a double-digit decline in sales in the first half as the fashion retailer was forced to heavily discount clothes to clear a buildup of last season’s unsold stock.
Valentino has scrapped its June runway shows for menswear and haute couture following last week’s announcement that creative director Pierpaolo Piccioli is exiting the brand.
Last week was a potential watershed moment for the long-dormant IPO market, as a pair of technology darlings — Reddit Inc. and Astera Labs Inc. — and Swiss skin-care company Galderma Group AG went public with a rush of investor demand that sent their stock prices soaring. To investors hoping for a revival of equity debuts, this was exactly what they wanted to see.
Brands with collections that contain virgin fur, wild animal skins or feathers will not be able to show in the Danish capital from next year.