This week’s round-up of global markets fashion business news also features China’s luxury slump, India’s knitwear hub and the Tokyo Fashion Award.

The embattled sportswear company lowered its guidance for the financial year ended 31 March 2025.

From Kenya to Nigeria and Angola to Morocco, multi-brand retailers across Africa are helping global brands access high-growth emerging markets still untapped by major chains like Sephora.

The premium bath and body care line will join L Catterton’s portfolio of beauty brands, which includes cosmetics line Merit and skincare maker Tula.

The American designer and entrepreneur revived industry chatter by updating her aesthetic. Now Burch—wary of straying too far from her roots—is fine-tuning the balance between stretching her creative limits while serving her loyalists. She’s also relaunching her trademark shoe.

Hours before its runway show during New York Fashion Week on Monday, Coach’s parent company, Tapestry, faced off with the FTC to prove its $8 billion acquisition of Michael Kors’ owner Capri isn’t anti-competitive.