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.
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In-depth analysis of the business, strategy, and economics shaping the global fashion and luxury industries. Covering conglomerates, market trends, startups, retail strategy, and the people driving the business of fashion.
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.
On April 21, Italian luxury group Moncler Group announced its results for the first quarter of 2026 (January–March), reporting consolidated revenues of €880.6 million, up 12% year-over-year at constant exchange rates.
Fashion and technology collaborations have historically been driven by visibility, but as AI advances and content demands evolve, Google Pixel and Highsnobiety have introduced a new initiative focused on building creative capability.
Barneys New York may be on its way back to Manhattan. Jamie Salter, CEO of Authentic Brands Group (ABG), is currently in negotiations to reopen the iconic department store at its former flagship location, 660 Madison Avenue.
U.S.-based television shopping giant QVC Group announced on April 16 that it has initiated Chapter 11 proceedings in the United States as part of its financial restructuring efforts.
On April 15, U.S.-based luxury resale company The RealReal announced the launch of its new podcast series, “Real Talk.”
On April 16, French luxury group Kering announced that it has entered into a strategic partnership with China-based fashion group ICCF.
On April 15, French luxury house Hermès reported its financial results for the first quarter of 2026 (ending March).