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Best USA Business Magazine 2024
By Reuters Published April 6, 2025 Italian luxury group Prada is set to make a decision this week about a potential takeover of smaller rival Versace, a source close to the matter said on Sunday, as the negotiations enter a final phase. See catwalkVersace – Fall-Winter2025 – 2026 – Womenswear – Italie – Milan – […]
Read MoreBy Bloomberg Published April 2, 2025 The world’s largest footwear and apparel companies are facing a shock to their supply chains after President Donald Trump announced new tariffs on Vietnam and other critical production hubs. Nike The US imposed a 46% reciprocal tariff rate on Vietnamese goods on Wednesday as part of Trump’s growing trade […]
Read MoreBy Bloomberg Published April 1, 2025 Retail entrepreneur Christine Hunsicker has resigned from her position as chief executive officer of CaaStle after the fashion-technology startup’s board of directors alleged she misrepresented the company’s performance to investors, according to a March 29 letter to shareholders seen by Bloomberg News. Bloomberg CaaStle faces “a severe and immediate […]
Read MoreS&N by Shantnu Nikhil marked its five-year milestone at Lakmē Fashion Week in partnership with FDCI by showcasing a fusion style take on modern luxury on the runway. The label launched ‘Piazza Nova‘ with Bollywood celebrity and actor Ibrahim Ali Khan. Khan on the runway with S&N by Shantnu Nikhil’s designers in Mumbai – S&N […]
Read MoreBy Bloomberg Published March 27, 2025 Lululemon Athletica Inc. delivered a disappointing outlook for the year ahead amid slower US sales for the yogawear brand. -Lululemon – DR The retailer expects fiscal year sales to be in the range of $11.15 billion to $11.3 billion, lower than Wall Street analysts anticipated. The outlook for first-quarter […]
Read MoreBy Reuters Published March 23, 2025 CoverGirl parent Coty said on Friday it would sell its 20% stake in reality TV star Kim Kardashian‘s beauty brand to her clothing line, Skims, consolidating the two businesses under a single brand. Kim Kardashian Coty, which acquired a stake in Kardashian’s beauty business, Skkn, in 2021, said it […]
Read MoreBy Bloomberg Published March 20, 2025 Nike Inc.’s results surpassed analysts’ expectations as its new chief executive officer’s turnaround strategy begins to take hold. Nike Revenue fell 9% to $11.3 billion for the quarter ended Feb. 28. That’s better than the 11% drop that Wall Street predicted. Nike shares rose 4% at 4:26 p.m. in […]
Read MoreBy Bloomberg Published March 20, 2025 Nike Inc. is running into trouble in Turkey, where it has the most stores in Europe, adding to the sportswear company’s headaches. Nike Unionized retail employees at nine Turkish Nike stores are set to strike on Friday after the parties failed to reach terms on a new collective […]
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