Translated by Nicola Mira Published Feb 28, 2024 Chinese generalist budget e-tailer Temu, as much criticised as it is dreaded in the USA, is reportedly about to open its site to US third-party vendors. A way to both compete with local e-tailers and generate goodwill with US businesses. Temu’s strategy also heralds the course the … Read more
Tapestry Inc. announced on Thursday the appointment of Kevin Hourican and David Elkins to the fashion group’s board of directors, taking the total board count to eleven. See catwalkCoach – Fall-Winter2024 – 2025 – Womenswear – Etats-Unis – New York – ©Launchmetrics/spotlight Hourican currently serves as president and chief executive officer of Sysco Corporation, a role he … Read more
By Reuters Published Feb 20, 2024 Macy’s said on Tuesday that investor Arkhouse Management has nominated nine individuals to its board, setting off a proxy battle just a month after the department store rejected a $5.8 billion go-private bid. Reuters The company had rejected the offer from Arkhouse and Brigade Capital on concerns over valuation, while it … Read more
Global lifestyle brand Nautica announced on Thursday All-American gymnast Olivia “Livvy” Dunne as its latest brand ambassador and the face of its spring campaign for women’s sportswear. Nautica names All-American gymnast Olivia Dunne as brand ambassador. – Nautica The spring campaign captures Dunne in Nautica’s latest collection, characterized by casual, ready-to-wear looks. As part of … Read more
By Bloomberg Published Feb 5, 2024 Estée Lauder Cos. said it’s cutting as many as 3,000 positions as part of a restructuring plan to put one of the world’s largest beauty companies back on track. Facebook: Estée Lauder The shares jumped 15% in premarket trading at 8:08 a.m. in New York. The owner of the … Read more
Macy’s, Inc. announced on Friday that Tony Spring will serve as chief executive officer of the company, effective February 4. He succeeds Jeff Gennette, who announced in March plans to retire from the U.S. retailer. Tony Spring – Courtesy Gennette will continue as chair of the board until the company’s 2024 annual meeting, with Spring … Read more
By Reuters API Published Feb 2, 2024 Retailers slashed prices on twice as many Nike sneakers in 2024 than two years earlier, endangering the sportswear giant’s typically strong pricing power at a time of stiff competition from rival sneaker brands, according to analytics firm Vertical Knowledge. Nike instagram Researchers compiled online pricing data from a … Read more
By Bloomberg Published Jan 23, 2024 Arkhouse Management Co. has asked Macy’s Inc. for access to more financial information after the US department store operator rejected a $5.8 billion takeover offer from the investment firm and Brigade Capital Management. Macy’s “Our sincere hope is they send us a confidentiality agreement so we can share more … Read more
By Bloomberg Published Jan 22, 2024 Macy’s Inc. said Sunday that it wasn’t interested in a bid from Arkhouse Management Co. and Brigade Capital Management to take over the retailer, saying the offer lacked “compelling value.” Macy’s The investors made a $5.8 billion, or $21 a share, offer for the company last month and Arkhouse … Read more
By Bloomberg Published Jan 19, 2024 Macy’s Inc. is laying off about 3.5% of its workforce ahead of the departure of longtime Chief Executive Officer Jeff Gennette, as the department-store operator retrenches amid lower demand. Macy’s The company said the cuts include about 2,350 employees, mostly in corporate positions. It will also close five stores. … Read more
