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Who is Heidi O'Neill? Inside the career behind Lululemon's big bet

Heidi O'Neill spent nearly three decades at Nike, helped grow its women’s business into a multibillion-dollar engine, and was pushed out when new CEO Elliott Hill reorganized the leadership team. She will become Lululemon’s CEO on September 8, inheriting weak North American sales and a founder, Chip Wilson, who has publicly said she is not the...

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Chinese investor CPE acquires Mammut

Swiss outdoor outfitter Mammut Sports Group AG has a new owner. On Thursday, the mountain sports specialist announced that Chinese investment firm CPE has signed an agreement to acquire Mammut from Jacobs Capital. CPE will support Mammut in “accelerating its global growth, particularly in Asia and North America,” a statement said. The company...

Fashion

Adidas apologises for plethora of pink boots at World Cup

Adidas on Thursday apologised for a surfeit of pink boots at the World Cup, saying that it was a coincidence that they were sported by a striking number of players. Asked by AFP about the unusual uniformity of boot colours during a press conference on the company's quarterly results, Adidas CEO Bjorn Gulden said "it was an accident". "I think...

Fashion |In Pictures

Abercrombie leans on NFL players to defend its denim franchise

Abercrombie & Fitch is putting professional football at the center of its fall 2026 denim campaign, "Denim Made Iconic," unveiled Thursday. The campaign pairs models Emily Ratajkowski and Paloma Elsesser with two New York Giants players — quarterback Jaxson Dart and wide receiver Malik Nabers — in a New York-shot campaign by photographer Cass...

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Ebay completes 1.4 billion dollar Depop acquisition

E-commerce group eBay has completed its acquisition of London-based fashion resale marketplace Depop from Etsy, both companies announced on Thursday. The seller received approximately 1.4 billion dollars in cash. According to the announcement, the figure reflects a purchase price of 1.2 billion dollars plus 200 million dollars of net purchase...

Retail

Old Navy raises 1.35 million dollars for Boys & Girls Clubs in five-day checkout drive

Old Navy has raised 1.3 million dollars for Boys & Girls Clubs of America (BGCA) and Boys & Girls Clubs of Canada, the company announced on Wednesday. The number is the result of a five-day campaign that took place at Old Navy stores across North America, where customers were invited to donate 5 dollars at checkout in exchange for 5 dollars off...

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Canada Goose surprises with double-digit revenue growth in first quarter

Canadian apparel company Canada Goose Holdings Inc. achieved double-digit revenue growth in the first quarter of the 2026/27 financial year, exceeding market expectations primarily due to strong growth in China. The Toronto-based down jacket specialist's loss was significantly lower than in the same period last year, although analysts had...

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Steve Madden lifts full-year outlook as second-quarter revenue climbs 19 percent

Steve Madden, Ltd. has raised its full-year revenue and adjusted earnings guidance after second-quarter revenue rose 19.1 percent to 665.9 million dollars, from 559 million dollars in the same period of 2025. Net income attributable to the company was 27.7 million dollars, or 38 cents per diluted share, against a loss of 39.5 million dollars, or...

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Crocs brand surpasses one billion dollars in quarterly revenue

US footwear company Crocs, Inc. (Crocs) reported its financial results for the second quarter ended June 30, 2026. Consolidated revenues rose 2.6 percent, or 2 percent on a constant currency basis, reaching 1.18 billion dollars. The growth was led by the flagship Crocs brand, which surpassed one billion dollars in quarterly revenue for the first...

People

Former Pandora CEO Alexander Lacik appointed to Burberry board

UK luxury house Burberry Group plc (Burberry) has appointed Alexander Lacik to its board of directors as an independent non-executive director. The executive will also serve as a member of the nomination committee, with the appointment taking effect on September 1, 2026. Lacik brings over 30 years of international commercial experience across...

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Prada Group closes H1 with a 16 percent increase in net revenue

Prada spa reported net revenue of 3.048 billion euros (3.50 billion dollars) in the first half ending June 30, an increase of 16 percent year-over-year (plus 5 percent on an organic basis). The company closed the second quarter with 7 percent growth. According to a statement from Prada spa, retail sales amounted to 2.633 billion euros. This is...

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HanesBrands acquisition drives Gildan's revenue surge

Canadian apparel manufacturer Gildan Activewear Inc. (Gildan) announced its financial results for the second quarter ended June 28, 2026. The Montreal-based business recorded net sales from continuing operations of 1.58 billion dollars, representing a 72.3 percent increase compared to 918.50 million dollars in the prior-year period. The top-line...