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Lululemon CEO Calvin McDonald to step down amid U.S. challenges

Lululemon Athletica simultaneously announced its third quarter fiscal 2025 financial results and a major leadership transition, confirming that Calvin McDonald plans to step down as chief executive officer and a member of the board of directors, effective January 31, 2026. The board has commenced a comprehensive search for a new CEO. The...

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Tissa Fontaneda raises capital to fund international expansion

Madrid-based, Spanish leather goods brand Tissa Fontaneda is entering its 15th anniversary in 2026 with its first-ever external investor, as it looks to accelerate its international expansion in key markets, including the US and the Middle East. In a statement, Tissa Fontaneda, which has become known for its handcrafted ready-to-wear and...

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Roots reports “strong” Q3 driven by positive consumer demand

Canadian premium outdoor-lifestyle brand Roots has reported sales were up 6.8 percent to 71.5 million Canadian dollars for its third quarter ended November 1, as direct-to-consumer momentum continues. The Q3 growth was driven by direct-to-consumer sales, from its retail stores and e-commerce sales, which were up 4.8 percent to 56.8 million...

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Engineering next-gen luxury: Behind the launch of Rae Temily’s namesake brand

Having dedicated much of her career to developing other people’s brands, Raechel Temily – Rae to everyone that knows her – eventually embarked on a journey to establish her own luxury label. Launched April 2025, the brand, fittingly dubbed Temily, emerged almost as a response to a market that seemed to have lost touch with the emotional core of...