The Body Shop edges closer to UK rescue deal
By AFP Published Jul 17, 2024 The UK arm of cosmetics group The Body Shop is in exclusive rescue talks with investment firm Aurea, administrators brought in to save parts…
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6 Strategies for Addressing Hate Speech and Microaggressions in Classrooms
By Reuters Published Jul 17, 2024 EssilorLuxottica has agreed to buy streetwear brand Supreme from VF Corporation, opens new tab for $1.5 billion, both companies said on Wednesday, marking the first acquisition…
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Adidas jumps 5% after second outlook hike, strong Q2
By Reuters Published Jul 17, 2024 Adidas shares jumped as much as 5% on Wednesday, hitting their highest in over two years, after the German sportswear company hiked its full-year…
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Luxury group in sights of LVMH’S Arnault?
By AFP Published Jul 17, 2024 The Swiss luxury group Richemont, which owns Cartier and other jewellery brands, is regularly the subject of takeover rumours which its founder, the South…
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Rodan + Fields announces new streamlined business model
Skincare and haircare brand Rodan + Fields has unveiled a streamlined business model designed to unlock growth and reach new customers. Rodan + Fields announces new streamlined business model. –…
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Skechers expands legwear distribution deal to Europe
Skechers on Tuesday expanded its long-standing legwear distribution partnership with United Legwear & Apparel Co. (ULAC) to include distribution in the European Union and the United Kingdom. Skechers The license will be managed…
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Adidas hikes 2024 earnings guidance after second-quarter beat
By Reuters Published Jul 17, 2024 German sportswear maker Adidas is increasing its full-year earnings guidance after a better than expected second quarter, it said on Tuesday, in its second…
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Frasers Group said to be mulling YNAP bid
Is Frasers Group lining up another surprise buy in luxury e-tail? Perhaps. It has reportedly approached the investment bank handling the sale of Richemont’s struggling online business Yoox Net-A-Porter (YNAP)…
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Swiss luxury watch market succumbs to a brutal China-led slump
By Bloomberg Published Jul 16, 2024 Sales of Swiss-made luxury watches are in sharp retreat as nervous consumers reconsider splashing out on expensive timepieces and demand slumps in one of…
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Sosandar has robust FY24, profit growth continues in Q1
The rapid growth story at Sosandar may not be quite as spectacular as it once was given that the company is much bigger than a few years ago. But it’s…
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