Incoming Target CEO Michael Feddelke must restore its “Tarzhay” product image and address conduct, workplace and citizenship issues that caused reputational decline.
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Incoming Target CEO Michael Feddelke must restore its “Tarzhay” product image and address conduct, workplace and citizenship issues that caused reputational decline.
LuxExperience appointed Francis Belin as Mytheresa CEO, enabling Michael Kliger to spearhead the integration of acquired YNAP brands (Net-A-Porter, Mr Porter, YOOX).
Retail job losses are surging, with Amazon and Target cutting nearly 32,000 corporate jobs combined, signaling a major industry restructuring.
The luxury market is experiencing a significant downturn, with Interbrand reporting a 5% drop in top brand valuations like Louis Vuitton and Gucci in 2025.
In a win/win deal, L’Oréal will acquire Kering Beauté, including the Creed fragrance brand, for $4.7 billion in its largest acquisition to date.