Nike founder Phil Knight and his wife, Penny, are giving $2 billion to a cancer institute at University of Oregon that bears their name, the largest ever donation to a US college or academic health institution. Read More
News broke on Thursday that Valentino CEO Jacopo Venturini has stepped down from the executive helm of the luxury fashion label. Read More
Ulta Beauty and Target on Thursday said they have mutually agreed not to renew their shop-in-shop partnership when the current agreement concludes in August 2026. Read More
The Swatch brand is credited with having saved a Swiss watch industry that had been laid low by the so-called quartz revolution. Read More
Danish jewellery maker Pandora posted second-quarter operating profit in line with expectations on Friday, and stuck to its full-year growth forecast. Read More
The market for used luxury timepieces recorded its best half-year performance since early 2022, providing a bright spot in an otherwise grim landscape for high-end watches. Read More
The manufacture of iconic “made in the USA” cowboy boots is set to suffer from President Donald Trump’s 30% tariffs on South African exports that came into force in August. Read More
Austrian fibre manufacturer Lenzing generated sales of 1.34 billion euros in the first half of the year, which was higher than in the same period last year. EBITDA increased by 63.3% to 268.6 million euros. Read More
The world’s biggest retailer of Ikea goods said on Wednesday CEO Jesper Brodin was stepping down after eight years, to be succeeded by Spaniard Juvencio Maeztu, the first non-Swede to lead the group. Read More
The US and Canadian arms of Claire’s have already filed for bankruptcy protection and now the UK/Ireland arm is set to file for administration, with 2,150 jobs on the line. Read More
