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Moral Money
Investors pressure Nike on wages allegedly owed to factory workers Premium content
...The escalating pressure on the apparel company underlines ongoing concerns over the income lost by low-paid Asian factory workers during the health crisis, when economies went into lockdown and major western...
September 11, 2023
Estee Lauder Cos Inc
Estée Lauder nears $2.8bn deal to buy Tom Ford
...As part of the combination with Tom Ford, which was launched by the eponymous fashion designer in 2005, Estée Lauder would also acquire the apparel business, an area that it has relatively little experience...
November 11, 2022
FT Live
Future of Retail
Securing long-term business growth with technology innovation
Tuesday, 17 SeptemberLondon, UK
TikTok Inc
TikTok slashes global revenue targets by at least $2bn
...Videos posted by attendees on TikTok show lavish parties and branded apparel including custom Adidas Stan Smith trainers....
November 9, 2022
Passive Investing
Vanguard has no plans to join spot bitcoin ETF fray
...Jacobs describes himself as a “Bitcoiner” on X and is the co-founder of FOMO21, a bitcoin apparel and merchandise shop....
January 18, 2024
Due Diligence
Private equity takes over golf Premium content
...campaign $2mn after backing Trump (FT) US regional banks hope for profit revival as pain from SVB fallout eases (FT) Betting group Flutter proposes moving listing from UK to New York (FT) Arc’teryx apparel...
February 1, 2024
Due Diligence
Carl Icahn’s secret weapon in the US heartland Premium content
...Berkshire Hathaway Energy chief executive Gregory Abel and Susan Mulder, head of apparel company Nic & Zoe, will step down from Kraft Heinz’s board of directors at its annual meeting later this year, the...
February 29, 2024
FT Live
Business of Luxury Summit
Gathering leaders in luxury for the 20th year
Sunday, 19 MayVenice, Italy
Due Diligence
Elon Musk gets squeezed in Delaware Premium content
...record $6.4bn for Asia fund in infrastructure rush (FT) Volvo Cars to stop funding Polestar electric sports car business (FT) Vivendi’s Canal+ offers to buy biggest pay-TV group in Africa (FT) Arc’teryx apparel...
February 2, 2024
US retail
Cyber Monday online shopping spree forecast to break record
...Among the aggressive online markdowns offered on Monday, Amazon was discounting private-label apparel as much as 60 per cent, while Walmart slashed up to 60 per cent from prices of tech accessories such...
November 27, 2023
News in-depthApple Inc
Small businesses count cost of Apple’s privacy changes
...Shelly Cove, an apparel company in North Carolina, laid off its four-person marketing team last month when its cash reserves dried up and it realised spending more money on Facebook ads would not ramp up...
August 9, 2022
Moral Money
Electric vehicle uptake faces major obstacles, despite rosy projections Premium content
...in Asian apparel hubs could lead to tens of billions of dollars of lost earnings....
September 15, 2023
Mattel Inc
Mattel hails ‘Barbie’ movie success as ‘showcase’ for more brand tie-ups
...Gap had sought to capture some of the hype surrounding the Barbie movie with a Gap x Barbie apparel collaboration, followed by plans for Hot Wheels-branded clothing later this year....
July 26, 2023
LexLululemon Athletica Inc
Lululemon: growth story is not such a stretch Premium content
...Its tills have kept ringing despite a challenging environment for apparel retailers. Having well-heeled customers helps. So does the push to develop its direct-to-consumer business and overseas sales....
September 1, 2023
Berkshire Hathaway Inc
Warren Buffett’s Berkshire Hathaway sells stocks as cash pile swells to record levels
...Sales slid at the apparel and shoemakers it owns, which includes Fruit of the Loom, and its real estate-related businesses which continued to struggle with lower demand given high mortgage rates....
November 4, 2023
Fender Musical Instruments Corp
US electric guitar maker Fender picks Japan for first-ever store
...A version of this article was first published by Nikkei Asia on June 3, 2023. ©2023 Nikkei Inc. All rights reserved....
June 16, 2023
Scoreboard
Padel boom lures investors Premium content
...Returns also come from padel apparel and at some point club memberships. Others, like Game4Padel, have a different approach....
November 25, 2023
FT Live
Global Insurance Summit
Strengthening resilience, capital and innovation as systemic risks evolve
Thursday, 13 JuneLondon, UK
Tapestry Inc
Coach owner Tapestry agrees $8.5bn deal for Versace parent Capri
...Tapestry said the acquisition would expand its portfolio in the “$200bn+ global luxury market for handbags, accessories, footwear and apparel”....
August 10, 2023
The Big Read
Can fast fashion kick its dirty habits?
...This article has been updated to clarify that Higg Inc has rebranded as Worldly, not the Higg Index as incorrectly stated in a previous version. ...
August 27, 2023
Ecommerce
TikTok takes on Shopee and Tokopedia in Asean ecommerce race
...“At the end of the day, it’s not the only platform we use,” a Singapore-based apparel seller told Nikkei Asia....
August 9, 2023
On Wall StreetMark Vandevelde
Buffett’s intriguing bet on Japan
...Each is a globe-spanning corporate empire of baffling diversity, encompassing such disparate activities as apparel design, convenience store retailing and construction....
May 27, 2023
LexGap Inc
Gap: still threadbare, despite surprise profit Premium content
...The once-iconic apparel company rang up a meagre 2.4 per cent rise in third quarter sales and warned that revenue could decline by mid-single digits for the final quarter of the year....
November 18, 2022
Alibaba
Alibaba targets Bangladeshi manufacturers in push to expand
...A version of this article was first published by Nikkei Asia on March 8, 2023. ©2023 Nikkei Inc. All rights reserved....
March 17, 2023
Walmart Inc
Walmart issues cautious outlook as Fed rate rises sink in
...At its Sam’s Club subsidiary, management said positive sales trends during the fourth quarter for discretionary items such as apparel and merchandise were still holding in place as recently as the Super...
February 21, 2023
News in-depthNikkei Asia
Uniqlo owner joins clothiers exiting Myanmar
...A version of this article was first published by Nikkei Asia on March 30. ©2023 Nikkei Inc. All rights reserved....
April 5, 2023
Berkshire Hathaway Inc
Warren Buffett defends buybacks to Berkshire Hathaway shareholders
...The company said its apparel businesses, which include the Fruit of the Loom brand, were downsizing as retailers struggle with elevated inventories and slowing sales....
February 25, 2023
News in-depthUS retail
Clothing retailers set for discount battle to clear inventory glut
...Apparel stocks have underperformed the wider market....
September 18, 2022

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