Mexico is pursuing possible legal action against Adidas after Chavarria released the “Oaxaca Slip On,” which allegedly copies the traditional, Indigenous huarache sandal without credit or benefit to local artisans.| The Business of Fashion
The renowned jeweller known for its imperial Russian Easter eggs, has been sold to technology investor Sergei Mosunov’s SMG Capital for $50 million, as its parent company Gemfields seeks to fund its mining operations.| The Business of Fashion
The Maryland-based sportswear maker has struggled to drive up demand in the past two years, with efforts to revive the business having hit more roadblocks in recent months due to the Trump administration’s shifting tariff policies.| The Business of Fashion
Stock plummeted after the foam footwear maker predicted revenues could drop by between 9 and 11 percent in the current quarter, disappointing analysts who were expecting slight growth.| The Business of Fashion
The eyewear maker said it will discontinue its longstanding program amid its ongoing brick-and-mortar expansion, and announced that its finance chief, Steve Miller, will leave the business in October.| The Business of Fashion
The cosmetic group has rejected a takeover offer from True, a private equity firm, and is now likely to pursue a capital raise from existing shareholders.| The Business of Fashion
The New York-based fitness technology company is laying off 6 percent of its workers globally.| The Business of Fashion