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Onitsuka Tiger grandly opens its Yellow concept on the Champs-Elysées

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Onitsuka Tiger loves the Champs-Elysées. One year after bringing the 19th-century mansion at number 25 Avenue to life during the Olympic Games to celebrate its 75th anniversary, the Japanese brand is back in a big way, in yellow and black. This July, the label founded in Kobe by Kihachiro Onitsuka, who later gave birth to Asics in 1977, inaugurates a flagship store in which it deploys its Yellow concept over 500 square meters in the building built for the sultry Marquise de Païva.

The facade of the Onitsuka Tiger flagship – Onitsuka Tiger

After inaugurating a London flagship with its Red concept a few weeks ago, the brand is now offering its most cutting-edge universe in Paris, designed by Milanese architecture studio Dini Cataldi. The space extends over two levels. At the entrance, after descending a few steps, the brand’s latest creative proposals, mixing premium sneakers and leather shoes with contemporary style, are displayed in transparent yellow Plexiglas columns and on two white neon-lit walls, playing off the black glossy floor. A spacious café adds to the brand experience. Another flight of bright yellow steps leads to a second room with a high arcade ceiling.

Here, visitors discover the latest sports-inspired collections, such as the Japan-produced model of the Mexico 66TM NM interpreted in blue-white-red for the occasion, or the brand’s perfume. They then wander through a maze of the brand’s textile collections on display in Milan, leading to a former vault converted into a fitting room.

Onitsuka Tiger

While Onitsuka Tiger already has a store in the Les Halles district, this flagship store at the foot of the touristy Champs-Elysées avenue marks the brand’s evolution in recent years.

“Our Les Halles store is much smaller. When it first opened, we were much more focused on the brand’s sporting heritage. But today, as a fashion brand, we’re growing to, let’s say, capture the trend and present the contemporary type of footwear,” explained brand boss, Ryoji Shoda, at the flagship’s inauguration.

“And then, if we were to develop this part, we obviously need a larger surface area to accommodate a large number of customers with different tastes.”

Ryoji Shoda
Ryoji Shoda – FNW/OG

The avant-garde design of the premises is a clear departure from the brand’s previous Paris-based universe, a sign of the brand’s turnaround a few years ago, first in Asia, then in Europe in recent months. The brand is on the offensive, offering a cultural and lifestyle immersion that highlights its positioning announced for 2019 in its direct sales outlets, after having considerably reorganized its distribution in recent years to focus on its flagships.

After Barcelona and London, given the European economic climate, the brand is likely to limit openings on the Old Continent in the coming months.

“We think the important markets in Europe have been covered for now,” explained the brand’s general manager.

“Being in these cities allows us to be in contact with European customers who travel. For us, however, it’s not just about opening stores. We’ve done a lot of work on our e-commerce, and our business is flourishing, enabling us to sell all over Europe.”

Onitsuka Tiger

Between Milan, where the brand will continue to parade, Barcelona, London and Paris, Onitsuka Tiger has major flags in Europe’s tourist capitals. It could strengthen its market positions through relationships with certain department stores.

In fact, Europe is gaining in importance, as is the United States for the brand, which still relies primarily on its business in Asia, particularly China and Japan. According to Shoda, the brand’s turnover is 120 billion yen (705 million euros), almost double that of six years ago, with sales of its heritage range still accounting for the majority of its sales, and generating substantial profitability.

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The RealReal lifts full-year guidance on stellar third quarter

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November 10, 2025

The RealReal announced on Monday revenue for the third quarter rose 17 percent to $174 million, on the back of double-digit gross merchandise value (GMV) growth at the American luxury resale platform.

The RealReal

The San Francisco-based company said GMV surged 20 percent to $520 million, while consignment sales lifted 15 percent during quarter. Direct revenues skyrocketed 47 percent during the three months ending September 30.

Despite the sales uptick, net losses widened to $54 million, compared to a net loss of $18 million in the same period in 2024. The company said the figure included a $44 million adjustment as a result of the change in fair value of warrant liability.

“We delivered another quarter of accelerating growth and expanded margins, with GMV up 20% and adjusted EBITDA ahead of expectations,” said Rati Levesque, CEO of The RealReal.

“Through execution against our strategic pillars — unlock supply through our growth playbook, drive operational efficiency, and obsess over service — we are changing the way people shop. Given this continued momentum, we are raising our full-year outlook.”

Looking ahead, the company now expects full-year revenues to be between $687 and $690 million, while GMV is expected to sit between 
$2.099 and $2.109 billion for the twelve-month period.

Earlier this year, the Real Real opened a new store front in New Jersey, marking the company’s 16th location in the U.S.
 

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Shiseido names new Americas CEO amid wider leadership reshuffle, job cuts

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November 11, 2025

Shiseido announced on Monday the appointment of Alberto Noe to the role of CEO of the Americas, as the Japanese beauty giant reshuffles its leadership amid job cuts.

Alberto Noe – Shiseido

Noe previously served as interim Americas CEO, after being appointed to the role earlier this year. Noe replaced Ron Gee, who was stepped down from his role as CEO of Americas in April.

A beauty veteran, Noe first joined the Shiseido group in 2013 as president and CEO of Italy. In 2019, he was named chief business officer of the EMEA region, before being appointed deputy managing director EMEA in January 2023. He was named president and CEO of Shiseido EMEA in March 2024, a role he will concurrently hold alongside the Americas region, according to a press release.

Shiseido also said it has promoted Makoto Toyoda to the role of chief information technology officer; Hidefumi Araki has been named global brand and product innovation officer; and Naomi Kawanishi is the new global brand president of Clé de Peau, Shiseido’s super-luxury skincare brand.

The company also revealed some departures. Angelica Munson, chief digital officer; Tomoko Ikeda, chief brand and product innovation officer, and So George Sugitomo, chief creative officer are all leaving the Tokyo-based company, effective January 1.

Finally, the company also plans to cut some 200 domestic jobs, as part of its “Next Career Support Plan” early retirement program.

Coinciding with the appointment news, Shiseido on Monday reported an attributable net loss of 43,983 million yen (€246 million) for the first nine months of 2025, compared to a profit of 754 million yen (€4.2 million) in the same period a year earlier.
 

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Trump says he is working on a deal to lower tariff rate on Swiss imports

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November 10, 2025

The United States is working with Switzerland on a deal to lower the 39% tariff rate it faces on exports to the U.S., President Donald Trump told reporters in the Oval Office on Monday, but said he had not yet settled on a new rate.

Reuters

Switzerland has been scrambling to secure a trade agreement with Trump that could reduce the 39% tariff rate that he slapped on Swiss imports in August, among the highest duties levied in his global trade reset.

“We’re working on a deal to get their tariffs a little bit lower,” Trump said. “I haven’t set any number, but we’re going to be working on something to help Switzerland.”

Trump acknowledged that the U.S. had hit Switzerland hard, but said Washington viewed Switzerland as a good ally and wants the Alpine country to remain successful.

The Swiss government declined to comment on Monday after Bloomberg reported the country was close to reaching a deal with the U.S. that would reduce Washington’s tariffs on its exports to 15%.

“The talks are ongoing and we do not comment further,” a spokesman for the Swiss Department of Economic Affairs said.

Bloomberg said a deal could be reached in the next two weeks, citing unnamed sources, adding that nothing had been finalized.

Washington imposed duties of 39% on Swiss imports in August, threatening access for Swiss companies, which number the United States as one of their biggest markets for watches, machine tools and chocolate.

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