Ibrahim Kamara
The News in Brief

Tulipshare, a London-based platform representing investors’ interests on social and environmental causes, sent a letter to Nike’s board of directors Monday reiterating calls for improved transparency and respect for human rights in its supply chain and expressing “grave concern” for the sportswear giant’s lack of response to previous outreach attempts.


The additional items are a way to woo new consumers to subscribe to the monthly service even as inflation bites. “The customer is more cost-conscious than she’s ever been before,” Rent the Runway chief executive officer Jennifer Hyman said.




Rinderknech joined the luxury goods conglomerate from L’Oréal USA, where he was president and chief executive officer, in May 2022 as chairman and CEO of LVMH Hospitality Excellence. He will continue to oversee the company’s hospitality division in addition to his new beauty responsibilities.



The Brazilian footwear and accessories conglomerate has paid 130 million Brazilian reais ($25 million) to acquire a 65 percent share in the Milan-based shoe brand, signalling the company’s plans to continue expanding its global footprint.


Nordstrom Inc forecast full-year revenue below Wall Street estimates on Thursday, signaling high inflation levels were dampening consumer spending on discretionary items while the retailer decided to discontinue its Canadian business operations to drive profitability.


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