American fashion designer, philanthropist, and billionaire businessman
Tokyo has introduced a policy allowing shorts, t-shirts, and trainers as part of its summer work attire under the "Tokyo Cool Biz" initiative. The change aims to cope with extreme heat while curbing energy use, though reviews are divided—some applaud comfort, others raise concerns about fairness and legibility of dress codes.
Sainsbury’s has agreed to sell Argos and the Habitat brand to Swift Partners, a new vehicle led by Richard Pennycook and supported by Trevor Strain and Matt Truman. The deal will see Argos, including its standalone stores and in-store outlets, transferred to Swift, enabling Sainsbury’s to concentrate on its food business. Completion is expected in February 2027 with full separation by 2029.
Ralph Lauren has delivered better-than-expected earnings and revenue, pushing shares higher. CEO Patrice Louvet has steered the brand toward growth through brand elevation, new product lines, and a focus on full-price selling in key markets.
The Treasury has expanded its bond-buyback program to support longer-dated debt, but yields on the 10-year and 30-year Treasuries have remained elevated as debt levels and deficits draw scrutiny. Investors are weighing the impact on mortgages, AI infrastructure funding, and policy uncertainty across multiple outlets.
TechCrunch reports that Atorie is selling high-quality goods—made in the same factories as luxury brands—at a fraction of the price. Co-founder Redouane Ramdani notes the shift toward factories that design and develop products in-house, aided by AI to predict demand and reduce overproduction. The model aims to appeal to younger consumers seeking well-made items over fast fashion.
Aryna Sabalenka has retained focus at the US Open, addressing questions about her schedule and off-court activities while stressing that training and mental strength drive her. She is preparing for the next rounds after a dominant performance, with rivals pushing for top rankings.
Adidas faces backlash after an Israel-only campaign featuring Shalev Biton, an ex-soldier who lost a leg, prompts boycott calls amid Gaza war coverage. Adidas says the posters were local to Israel and not a global campaign, while activists accuse the brand of normalising violence. The controversy follows similar criticism of Ralph Lauren’s campaign featuring Gal Gadot.
Sir Paul Smith reflects on an eight-decade journey from Nottingham beginnings to a global, owner-led fashion house. Threads: My Life in Style chronicles his discipline, curiosity, and hands-on leadership, stressing real shops, careful growth, and lasting brand control.
Steven Kolb has been placed on leave from the CFDA after he restrained a protester at a New York Fashion Week show. He has issued a public apology, accepting responsibility. The CFDA is reviewing the incident and outlining steps with the organization to move the fashion industry forward while respecting dissent.
Steven Kolb has stepped down as CEO and president of the CFDA following an on-stage incident at a COS show during New York Fashion Week, where he restrained two protesters. The CFDA board has thanked him for his two-decade leadership and says the organization is positioned to continue its work.
Saudi designer Shinkar has built a Saudi handbag brand that fuses traditional motifs with contemporary playfulness, produced in Italy with ethical materials. She emphasizes localization, customization, and storytelling through bags that carry personal and cultural narratives, reflecting a Saudi Arabia in creative transformation.
Forbes 400 members live across 38 states and DC, with California hosting the largest cluster. The piece highlights concentrations in Illinois, Texas, and other states; notable figures include Zuckerberg, Musk, Buffett and Dell.