Must Read: New Products Drive Sales at Nike, Olivier Rousteing's Backstory Revealed in New Doc:
Author:Rania BoltonPublish date:Sep 25, 2019These are the stories making headlines in fashion on Wednesday. Nike's shares rose more than 5.5% in after-hours trading Tuesday, topping analysts' expectations for its fiscal first-quarter earnings. Sales increased about 7% due to Nike's decision to sell more merchandise in stores and its investment in product innovation.
This cold-weather accessory — sans sleeves — is often seen on Amazon's founder Jeff Bezos and billionaire investor John Henry, and has quickly become big business for luxury brands. {Business of Fashion}In 2019, there have been 43 private equity deals within the U.S. beauty market and, as of August, those deals have amassed $10.6 billion. Because these transactions are so large, brands have taken on heavy debt in order for private equity owners to facilitate the purchase.
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