Elliott takes over $1 billion stake in Lululemon, source says
Activist investor Elliott Management has amassed a stake of more than $1 billion in Lululemon…
Champion has tapped NBA player Kyle Kuzma, model and advocate Winnie Harlow, NFL quarterback Jaxson Dart, Olympic surfer Caroline Marks, and Brazilian actress Bella Campos. Read More
J.Crew has teamed up with five emerging American designers to completely reimagine its iconic sweater through their creative lens. Read More
Mackage has opened a new flagship boutique on Madison Avenue, ushering in a new era for the brand’s New York retail presence. Read More
Ralph Lauren kicked off New York Fashion Week with a beautiful royal-meets-renegade collection that riffed on the French Renaissance, staged in a distinguished building on lower Manhattan on Broadway. Read More
Superficial AI, misleading personalisation, technological fragmentation… Despite the widespread adoption of digital tools, the retail sector is struggling to translate its investments into operational outcomes. Read More
Jigsaw has announced what it said was a “standout Christmas trading period” and plans for major new store investment as profit margins jump. Read More
The latest Barclays consumer card spending report on Wednesday showed spending up just 0.8% in January – considerably less than the latest CPIH inflation rate of 3.6%. Read More
Epic Group is considering a stake sale to help boost growth as investors increasingly eye opportunities in Hong Kong, according to people familiar with the matter. Read More
Dutch eyewear specialist Ace & Tate has made a major move in Spain, acquiring local label Project Lobster — or PJ Lobster as it’s now known. Read More
German premium beauty retailer Douglas reported an adjusted quarterly core profit slightly above market expectations, even as economic uncertainty and price sensitivity among shoppers continued to weigh on margins. Read More