Japanese designer and retailer of casual wear, part of Fast Retailing
GU has unveiled Francesco Risso, former Marni creative director, to oversee its first collection under Risso. The line aims to boost international brand recognition and differentiate from Uniqlo as the Japanese retailer expands abroad. Sales begin in late July in Japan, with six design themes and accessible pricing.
Shein's Hong Kong listing is priced lower than hoped, valuing the company around $26.3 billion. Trading began shakily, with early losses narrowing as markets digest regulatory twists, tax changes, and weak consumer sentiment that have weighed on the fast-fashion group after a rapid ascent.
TWG Global faces federal investigations into affiliated-party loans across its insurers, prompting questions about liquidity and potential impacts on its sports assets, including the Dodgers and Lakers. The company denies fraud and reiterates that its major franchises are not for sale, as regulators review financing and related transactions.