Hudson’s Bay Retail Chain to Terminate More Than 8,300 Workers by Sunday
Canada’s oldest retail chain will lay off 89 percent of its workforce by Sunday, when it will conclude its liquidation sale and shutter all stores.
investment
Latest News & Analysis
Sexual Wellness Start-Up Dame Acquires Chakrubs
The deal marks Dame’s second acquisition in the last year as the $125 vibrator seller seeks to grow market share in the sexual wellness sector.
Direct-to-Consumer
True Classic Secures Investment From 1686 Partners
The men’s T-shirt maker’s funding from 1686 Partners, a private equity firm founded by David Wertheimer, will help the brand invest in supply chain, retail and international expansion as it aims to reach upwards of $1 billion in annual sales in the next 10 years.
True Classic Secures Investment From 1686 Partners
The men’s T-shirt maker’s funding from 1686 Partners, a private equity firm founded by David Wertheimer, will help the brand invest in supply chain, retail and international expansion as it aims to reach upwards of $1 billion in annual sales in the next 10 years.
Can a Cult Perfumer Go Global?
Following its acquisition by Manzanita Capital last year, Brooklyn-based fragrance brand D.S. & Durga must balance its grassroots appeal and devoted following with the demands of worldwide distribution.
A $300 Million Bet That Sustainability Will Sell
Suzy Amis Cameron’s new venture Inside Out aims to develop a ‘planet positive’ conglomerate with investments in brands, innovation and infrastructure.
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Textile-to-Textile Recycler Circ Raises $25 Million
The company has gained new backing from Taranis, an investment firm owned by oil company Perenco, and additional funds from investors including Zara-owner Inditex as it looks to bring its recycling capabilities to commercial scale.
Partner Content
Supporting the Next Generation of Female Social Entrepreneurs in South Asia
The Bicester Collection launches the third edition of the Unlock Her Future prize — an entrepreneurship programme aimed at supporting women social impact entrepreneurs focused on furthering the United Nations Sustainable Development Goals. BoF sits down with The Bicester Collection’s chief culture officer, Chantal Khoueiry, to learn more.
Supporting the Next Generation of Female Social Entrepreneurs in South Asia
The Bicester Collection launches the third edition of the Unlock Her Future prize — an entrepreneurship programme aimed at supporting women social impact entrepreneurs focused on furthering the United Nations Sustainable Development Goals. BoF sits down with The Bicester Collection’s chief culture officer, Chantal Khoueiry, to learn more.
Palm Angels’ Francesco Ragazzi Launches Fragrance Line
The seven-piece collection, Réservation, will launch at the upscale speciality retail Violet Grey on March 3, blending French and Californian sensibilities.
How Crown Affair Became the Queen of It-Girl Hair Care
Dianna Cohen and Elaine Choi have built an insider favourite haircare label with signature products like the hair towel and brush-applied dry shampoo. Armed with a new funding round, they want to bring the brand to the masses.
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Mytheresa’s Profits Soar Ahead of Its YNAP Acquisition
The German luxury e-tailer more than doubled its adjusted earnings in its second fiscal quarter that ended in December, providing a glimpse into how it will fare once its deal to acquire its competitor, Yoox-Net-a-Porter, is approved.
L’Oréal Invests in Jacquemus, Inks Beauty Deal
The cosmetics giant has taken a minority stake in the buzzy French brand as part of a long-term beauty partnership.
Kim Kardashian’s Skky Partners Takes Minority Stake in 111Skin
The private equity firm made a “significant” minority investment in the UK-based skincare brand.
Retail
Will Global Retail Giants’ Big Bet on American Consumers Pay Off?
Zara, Uniqlo, Mango and Primark and other European and Asian brands plan to open hundreds of stores in the US in the coming years. They’re hoping American consumers will keep spending — and that they’ll give new labels a try despite having plenty of options.
Will Global Retail Giants’ Big Bet on American Consumers Pay Off?
Zara, Uniqlo, Mango and Primark and other European and Asian brands plan to open hundreds of stores in the US in the coming years. They’re hoping American consumers will keep spending — and that they’ll give new labels a try despite having plenty of options.
The News in Brief
Crypto-Luxury Brand 9dcc Is Shutting Down
The brand cited headwinds in web3 and softness in the luxury market for its decision in an announcement Tuesday.
Temu-Owner PDD Holdings Misses Quarterly Revenue Estimates
Despite price slashing from retailers and government stimulus measures to boost consumer spending, the e-commerce company's year-on-year net income fell 47 percent.
Swiss Watch Exports Jump in April Ahead of Threatened US Tariffs
Swiss watch exports to the US saw a significant increase in April, driven by a surge in shipments ahead of anticipated tariff hikes.
Italy’s Fashion Brands Sign Accord to Fight Worker Exploitation
Italian legal and political authorities, trade unions and fashion industry parties signed a non-binding action plan focussed on the creation of a database of brands’ suppliers and their workforces, after prosecutors uncovered widespread abuse.
EU Warns Shein of Fines in Consumer Protection Probe
The EU has ordered Shein to address consumer law breaches within one month or face potential fines.
Trump Extends Deadline for 50% Tariffs on EU Goods to July 9
The US president told reporters the decision to push the deadline came after he had a ‘very nice’ phone call with Commission President Ursula von der Leyen.
E.l.f. Beauty Announces $1 Price Hike, Citing Inflation and Tariffs
The mass brand will raise prices in August.