The Estée Lauder Companies announced on April 29 that it has made a minority investment in 111SKIN, a luxury clinical skincare brand. Financial terms of the deal were not disclosed.
Business News
In-depth guides exploring the structure, strategies, and business dynamics shaping the global fashion and luxury industry. From luxury conglomerates to fashion week economics, this section breaks down complex industry topics into accessible, evergreen analysis.
On April 30, German sportswear brand PUMA reported operating profit for the first quarter of 2026 that exceeded market expectations. While sales declined, disciplined inventory management and cost restructuring contributed to a clear improvement in profitability.
On April 30, Spanish fashion company Mango announced a capsule collection in collaboration with U.S.-based brand Eckhaus Latta.
On April 28, Spanish beauty and fashion company Puig announced its financial results for the first quarter of 2026.
Global fashion company H&M is accelerating its strategy across the U.S. and Latin American markets.
French fashion brand Lemaire is facing unexpected backlash in China following the release of a new visual campaign.
On April 27, Vinted, a leading player in Europe’s resale market, was reported to have reached a valuation of €8 billion. The milestone comes on the back of an approximately €880 million share transaction led by EQT.
As it works to recover from a prolonged sales slowdown, sportswear giant Nike is accelerating a global round of layoffs and organizational restructuring. The company announced plans to cut approximately 1,400 roles, with the majority concentrated in its technology division.
The New York-based labor union The NewsGuild of New York and Condé United have issued an official statement addressing the latest round of layoffs at Condé Nast. The cuts reportedly affected 16 employees across Self, Glamour, and Condé Nast Entertainment (CNE).
Safilo to Acquire Spy+ and Serengeti: Strengthening Its Portfolio Across Sport and High-End Segments
On April 21, Safilo Group, a global player in the eyewear industry, took a strategic step forward in its growth plan.