Lululemon Athletics Faces Stock Plunge Amid Tariff Uncertainty and Weak Demand Lululemon Athletics, the renowned athletic apparel retailer, is experiencing a significant downturn in its stock value. The company recently released downbeat annual forecasts, causing its shares to tumble by almost 13 percent during premarket trading on Friday. This sudden drop has set off alarm […]
Richard Mille and Ferrari Bucked Luxury’s Slowdown. Now They’re Releasing a $1.5 Million Watch
Richard Mille and Ferrari Bucked Luxury’s Slowdown. Now They’re Releasing a $1.5 Million Watch In the realm of luxury, where exclusivity and extravagance reign supreme, Swiss watchmaker Richard Mille and automotive giant Ferrari have formed a formidable partnership that continues to defy market norms. Despite a slowdown in the luxury watch sector, these two powerhouses […]
Sir John Appointed Creative Director of Medicube
Sir John Appointed Creative Director of Medicube Medicube, the renowned Korean skincare brand, has recently made a strategic move by appointing Sir John, the well-known makeup artist and former L’Oréal Paris creative director, as its new Creative Director. This collaboration is set to bring a fresh perspective to the brand and elevate its presence in […]
The Debrief | Can You Sell Sexual Wellness Without Sex?
The Debrief | Can You Sell Sexual Wellness Without Sex? In a recent conversation, executive editor Brian Baskin and senior correspondent Sheena Butler-Young sat down with editorial associate Yola Mzizi to discuss the challenges facing sexual wellness brands in 2025. Regulatory restrictions and cultural conservatism are increasingly shaping the way these brands approach their marketing […]
E.l.f. Beauty Sued in Securities Claims Class-Action Lawsuit
E.l.f. Beauty Faces Securities Claims Class-Action Lawsuit Over Short-Seller Report E.l.f. Beauty, the popular cosmetics brand known for its affordable and trendy products, is currently in the midst of a legal battle. The company has been sued in a securities claims class-action lawsuit that alleges wrongdoing based on a November 2024 short-seller report. E.l.f. Beauty […]
Olaplex Sales Slide 9.8%, Specialty Retail Recovers
Olaplex Sales Slide 9.8% in Q4 as Specialty Retail Sector Recovers The biotechnology hair care company, Olaplex, recently reported a 9.8% decrease in sales, amounting to $100.7 million in its fourth-quarter earnings. This decline was primarily driven by a significant drop in professional sales. However, amidst this setback, there is a silver lining as the […]
Mukesh Ambani targets small businesses to boost IPL revenues
Mukesh Ambani Targets Small Businesses to Boost IPL Revenues In the realm of business magnates, Mukesh Ambani stands out as a visionary leader with a knack for spotting opportunities where others see challenges. His latest move to target small businesses as a means to boost revenues for the Indian Premier League (IPL) is a testament […]
OTB’s Annual Sales Fall 4% Despite Growth at Diesel and Margiela
OTB Struggles with 4% Sales Decline Despite Success Stories at Diesel and Margiela Italian fashion conglomerate OTB, known for its renowned brands such as Diesel, Jil Sander, Maison Margiela, Marni, and Viktor&Rolf, faced a challenging year in 2024. Despite individual success stories within the group, OTB reported a 4.4% decline in turnover, amounting to €1.8 […]
Swiss Watch Exports Could Dwindle to 12 Million Units As High-End Shift Accelerates
Swiss Watch Exports Could Dwindle to 12 Million Units As High-End Shift Accelerates In the realm of luxury timepieces, the Swiss watch industry has long been the epitome of excellence and craftsmanship. However, recent insights suggest a shifting landscape that could have a significant impact on the export market. According to Morgan Stanley’s annual report, […]
Shiseido Profits Plummet 73% on Weak China Demand
Shiseido Profits Plummet 73% on Weak China Demand Shiseido, the renowned Japanese owner of popular beauty brands like Nars and Drunk Elephant, has recently been hit hard by a significant drop in profits. The company reported a staggering 73% decrease in its earnings, attributing this sharp decline to weak consumer demand in China. This downturn […]