Fashion industry
Victoria’s Secret soars as turnaround powers upbeat annual forecasts
Shares of the lingerie retailer have nearly trebled in the past 12 months
E-commerce giant Shein buys apparel brand Everlane: reports
The brand, known for its minimalistic, “quiet luxury” style, is a favourite of celebrities
H&M lays off staff in Singapore, moves regional headquarters to Malaysia
It still has six outlets in Singapore
Love Bonito eyes Middle East’s long-term prospects as losses trim
Driving its reduced losses in 2024 were measures to make operations more efficient
Converse CEO promises staff new brand strategy will work amid layoffs, dismal quarterly sales
As the company’s challenges deepen, questions have swirled about whether Nike will keep it in the fold
China’s Anta mounts India comeback as bilateral ties improve
The sportswear maker’s return comes as Indian consumers show renewed appetite for Chinese brands
Ray-Ban heir’s 10 billion euro buyout of siblings’ shares approved: Italian media
Leonardo Maria Del Vecchio is set to become the largest shareholder in EssilorLuxottica
Global brands see revival in China as retail nationalism cools
The global success of Chinese brands has further eased defensiveness towards foreign labels
Allbirds sinks as 582% AI surge comes to screeching halt
The company says that it plans to rebrand itself as NewBird AI
Once Sweden’s top company, H&M’s struggling to sell its rebound story
As international investors have thinned out, the company has become more tightly held, with limited external pressure to force faster change
