The athleisure company’s first acquisition is a bet on the future of fitness and a way to further tie into the lives of its customers.
Sapna MaheshwariNEW: Lululemon is buying Mirror, the buzzy home fitness startup that sells a $1,495 wall-mounted product for streaming workout classes. The $500 million purchase is Lululemon's first acquisition & underscores its goal of being more than an apparel brand
The struggling mall brand plans to introduce Yeezy Gap in stores and online in the first half of 2021.
Sapna MaheshwariNEW: the Gap brand is looking to Kanye West to help revive its fortunes. The retailer struck a 10-year partnership with Kanye & Yeezy, his fashion co, and will introduce a "Yeezy Gap" apparel line for adults and kids in the first half of 2021
The companies have responded to a new wave of criticism calling beauty products that advocate lighter skin discriminatory.
Sapna MaheshwariUnilever plans to remove the words "fair/fairness, white/whitening & light/lightening" from products. J&J said it will stop selling fairness lines from brands like Neutrogena. This month brings a new reckoning for companies selling skin lightening abroad
The latest on stock market and business news during the coronavirus outbreak.
Sapna MaheshwariTarget is raising its minimum wage to $15/hour next month after committing to that several years ago. The increase will affect *275,000 employees.* Target will also give a $200 “recognition bonus” to hourly workers in July
The clothing brand, which has dressed all but four U.S. presidents, could end up closing its three American factories as it navigates the pandemic.
Sapna MaheshwariBrooks Brothers, founded in Manhattan in 1818 (!), plans to close its 3 U.S. factories and lay off nearly 700 workers as it struggles with the pandemic. Its owner wouldn't rule out Chapter 11 bankruptcy, saying, “We have to be realistic." w @VVFriedman
Earlier this year, Kylie Jenner sold half of her cosmetics company in one of the greatest celebrity cash outs of all time. But the deal’s fine print reveals that she has been inflating the size and success of her business. For years.
Sapna Maheshwarithe most Friday business read: Kylie Jenner is actually *not* a billionaire, despite a years-long campaign to convince Forbes otherwise