SKP Beijing to Sell 42 to 45 Percent Stake to Boyu Capital
SKP Beijing, China‘s top-grossing luxury department store operator, is slated to sell around 42 to 45 percent of the company to Boyu Capital, according to a notice posted on the Beijing…
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The Estée Lauder Cos. Forecasts 9 Percent Drop in Sales in 2025, But Expects Return to Growth Next Year
After scrapping its previous full year forecast, The Estée Lauder Cos. now expects sales to drop by as much as 9 percent in 2025, but sees a return to growth next year. The bigger than…
Hermès Sales Growth Slows to 7.2 Percent in Q1
PARIS – Amid the luxury slowdown, Hermès International showed continued strength with sales in the first quarter up 7 percent at constant exchange rates to 4.13 billion euros. The numbers…
Rent the Runway Stock Falls 18 Percent as Company Maps Out Road Ahead
Rent the Runway Inc. — the designer fashion rental pioneer — just celebrated 15 years in business. And while cofounder, president and chief executive officer Jennifer Hyman told analysts…
Saks Global Is Cutting 5 Percent of Its Corporate Workforce
Saks Global is cutting 5 percent of its corporate workforce, or just under 150 staffers, WWD has learned. The cutback is part of the integration of Saks Fifth Avenue and the Neiman Marcus…
Keke Palmer Shines in Sergio Hudson Satin Look for Fifteen Percent Pledge Gala 2025
Keke Palmer brought satin glamour to the red carpet for the fourth annual Fifteen Percent Pledge Gala on Saturday in Los Angeles. The actress, author and entrepreneur attended the event…
Kelly Rowland Lights Up Red Carpet in Neon Harbison Studio Dress at Fifteen Percent Pledge Gala
Kelly Rowland brought neon hues to the red carpet at the 2025 Fifteen Percent Pledge Gala in Los Angeles on Saturday. The singer sported a hooded Harbison Studio gown featuring a bodice…
Frankfurt Airport's November passenger traffic rises 1 percent
German airport operator Fraport Group reported on Thursday that passenger traffic at Frankfurt Airport in the month of November edged up from last year. Total passenger numbers at all…
Poverty rises to over 52 percent in Milei's Argentina
Poverty in Argentina rose to affect over 52 percent of the population in the first six months of self-declared "anarcho-capitalist" Javier Milei's presidency, according to official data…