The Brazilian manufacturer announced that it had finalised the transaction to transfer control of Avon International to the U.S.-based firm Regent LP, while retaining Avon’s operations and brand in Latin America. Read More
Saks Global Enterprises is looking to line up a loan of as much as $1 billion to keep the business running as part of a Chapter 11 bankruptcy filing that could happen in coming weeks, according to sources. Read More
Clarisse Godbillon was named head of finance at Lemaire in 2020, and in 2023 she took charge of operations. At the label designed by Simon Porte Jacquemus, Godbillon will be working with CEO Sarah Benady as COO. Read More
Farfetch UK Limited has filed its accounts for 2024 (only five months after its very-late 2023 numbers were released) and they show the business continuing to make a loss. Read More
Grok, the AI assistant for the social network X, acknowledged the existence of “flaws” that had allowed users to elicit from it images of a sexual nature depicting minors or women. Read More
Global sportswear business New Balance has named Bollywood celebrity Janhvi Kapoor as its first Indian brand ambassador as it increases its focus on the Indian market. Read More
New Look has filed its accounts for the year to the end of March and they show both challenges and progress. The company is reportedly up for sale. So what condition would any buyer find it in? Read More
South Korean e-commerce company Coupang on Monday a compensation deal worth 1.69 trillion won to holders of 33.7 million accounts for a massive data leak that triggered a backlash from users and lawmakers. Read More
Bain Capital is buying a 43.66% stake in South Korea’s Echo Marketing, which owns local activewear brand Andar, from its founder and another shareholder for $150.14 million, Echo said in a regulatory filing on Friday. Read More
Rooted in New York imagery and 1990s minimalism, Calvin Klein is now leveraging the star power of a number of international celebrities, marking a historic strategic shift. Read More
