The News In Brief
Tiffany to Downsize China Flagship as Spending Dives
The LVMH-owned jeweller, which opened a two-floor store in Shanghai’s Hong Kong Plaza in a high-profile ceremony in late 2019, has decided to give up about half of its square footage, sources told Bloomberg.
Bustle and W Magazine Owner BDG Closes Investment Round
The cash injection will be used to help the media company enact its turnaround strategy.
Walmart Bets on Collectible Sneakers to Grow Marketplace Service
The retailer is teaming up with sneaker marketplace StockX to offer a curated selection of pre-verified sneakers in a bid to enhance its online presence and compete with Amazon.
US Safety Commissioners Call for Investigation Into Shein, Temu
US CPSC Commissioners Peter Feldman and Douglas Dziak are calling for an investigation into e-commerce retailers Shein and Temu over safety concerns related to “deadly baby and toddler products” sold on their platforms.
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L Catterton-Backed Beauty Industry Group Appoints CEO
Robert Schaeffler will succeed longtime chief executive Derrick Porter as head of the hair extensions company.
Liam Gallagher to Be New Face of Fashion Brand Stone Island
The Oasis frontman will front campaign alongside DJ Peggy Gou, actor Russell Tovey and skateboarder Sage Elsesser.
Dior Taps Miu Miu CEO Benedetta Petruzzo as Managing Director
The executive oversaw a period of explosive growth at Prada-owned Miu Miu.
Bangladesh Garment Industry Short on Cotton as Floods Worsen Protest Backlog
Garment factories in Bangladesh, one of the world’s biggest clothing production hubs, are struggling to complete orders on time as flooding disrupts their cotton supplies - exacerbating a backlog caused by recent political turmoil.
Bangladesh Garment Industry Short on Cotton as Floods Worsen Protest Backlog
Garment factories in Bangladesh, one of the world’s biggest clothing production hubs, are struggling to complete orders on time as flooding disrupts their cotton supplies - exacerbating a backlog caused by recent political turmoil.