The News In Brief

The world’s biggest sportswear brand is raising prices on several products next week and selling products on e-commerce giant Amazon.

Wempe will end its partnership with Rolex at the end of 2025 and partner with Patek Phillippe to open a showroom next year.

The French conglomerate’s shares fell 3 percent on Thursday, taking their decline this year to 25 percent.

The luxury fashion house splurged on a property near its main boutique in Paris last year as ‘part of the record level of investment made during the year, including in real estate,’ a representative said.

A search to find a new leader for the influential sustainability-focussed trade group is underway.

Steve Madden is suing Adidas, alleging that the athletic wear company is attempting to prevent it from selling sneakers with resemblance to Adidas’ signature three-stripe design.

Savvy marketing and investments into brands like Polo and Purple Label have helped the brand attract younger and less price-sensitive shoppers.

The apparel company’s sales rose 10.7 percent to $1.33 billion in its second straight quarter of strong revenue gains.

The French luxury behemoth is warning investors and analysts that demand remains soft this quarter amid lacklustre consumer confidence, particularly in China, sources told Bloomberg.

The British sportswear retailer reported first-quarter sales fell 2 percent and cautioned that higher prices in its US market due to tariffs could affect consumer demand.

The Timberland- and Vans-owner reported operating loss of as much as $125 million this quarter.

Off-price retailers, which frequently source inventory from middlemen in the US, could stand to gain from tariffs on goods made in China.