The News In Brief

A new initiative led by apparel and textile manufacturers aims to give suppliers a bigger voice at the table. At present, “brands just make a statement and then expect us to pay the bill for it,’ said Bangladesh-based manufacturer Miran Ali.

Retail is suffering from weak discretionary spending, margin compression and tightening credit conditions, pushing distress in the sector to the highest level since the global financial crisis in 2009.

Former Yves Saint Laurent creative director Stefano Pilati will join Fantastic Man China as editor at large.

The American cosmetics retailer said on Wednesday that longtime financial executive Chris Lialios will serve as interim chief financial officer until it finds a suitable replacement for outgoing CFO Paula Oyibo.

The group known as COMCO said on Tuesday it will investigate the mass skincare brand’s parent company, Beiersdorf, over a pricing dispute with a local retailer.

The Westminster City Council approved an application to convert space in the department store’s flagship London outlet into a membership venue with a terrace and private dining room.

The embattled fast-fashion company's repayment plan includes a settlement with lenders and former Forever 21 parent Sparc Group that’s designed to boost recoveries for unsecured creditors that stood to get pennies on the dollar.

After three years as chief executive, Leahy will step down from her role by year-end, and will retain her board seat while assisting the company in finding a successor.

The H&M-backed textile recycling firm will supply the US retailers with recycled polyester.

The consumer goods giant announced on Monday that it had signed a definitive agreement to acquire the American men’s brand, known for its soaps and grooming products.

Claire’s needs to address a nearly $500 million loan due in December 2026 and recently chose to defer interest payments on its debt to conserve cash.

The Seattle-based e-commerce company is betting that sales growth in its beauty category, which includes Estée Lauder’s Clinique, Olaplex and L’Oréal’s Urban Decay, will offset the impact of tariffs on its upcoming Prime Day event.