Vendors were allegedly cowed by the e-commerce giant’s bargaining power and, fearing punishment, agreed to raise prices on competing retail websites like Walmart and Target.
Category: Fashion
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Tory Burch Sweetens Terms on Loan to Buy Out General Atlantic
The $700 million leveraged loan will be offered at a steeper discount of 98 cents on the dollar.
Joan Burstein, Retail Pioneer, Dies at 100
Known as a ‘fairy godmother’ for fashion, Burstein presided over Browns, a London boutique with a global reputation, for more than half a century.
Pat McGrath Labs Exits Bankruptcy With a New Owner
A US bankruptcy judge said on Friday she would approve the cosmetic brand’s restructure, which sees new owner GDA Luma assuming control of the new company.
Kering’s Strategy Reveal, Examined
CEO Luca de Meo outlined manufacturing synergies, threw cold water on the group’s Valentino acquisition and shared some stealthy forecasts for Gucci’s growth as part of a sweeping strategy overhaul. Will it work?
Luxury Brands Book Sales Drop as Middle East War Takes Toll on Airport Shopping
The conflict in the Middle East is hurting duty-free and travel-retail sales for luxury and beauty groups like LVMH, Kering, Estée Lauder, and L’Oréal.
Ralph Lauren’s Grip Loosens on Tennis
Ralph Lauren has been the standard bearer for fashion in tennis for decades. So it’s genuinely shocking that the company just lost its Australian Open sponsorship.
Texas Probes Lululemon for Alleged ‘Forever Chemicals’ Use
State attorney general Ken Paxton’s investigation creates another headache for Lululemon, which has slumped in the stock market as sales growth tapers off, quality issues resurface and the founder advocates for a board overhaul.
Luxury Superweek: Q1 Sales and Kering’s Strategy Reveal
This week, LVMH, Kering and Hermès report Q1 results, Kering hosts a capital markets day in Florence, and Pucci shows in Sicily.
Ask Imran Anything: On Boring Fashion, the Meaning of Luxury and Building Outside the System | The BoF Podcast
In the second instalment of the BoF Podcast’s Ask Me Anything series, Imran Amed takes on listener questions about creative energy returning to the industry, what luxury really feels like, why independent brands don’t need the old gatekeepers, and how to keep going when the world feels uncertain.