Australian fashion brands pledge to support Afghan refugees
A consortium of Australian fashion brands is calling on the government to up its quota of Afghan refugees, according to a report published by The Guardian, promising to support incomers to find employment in the industry.
Dubai’s Emaar mulls sales of fashion e-commerce business Namshi
Dubai’s Emaar is reportedly mulling the sale of its fashion e-commerce business Namshi, according to a report by Reuters.
L Brands settles with Oregon over sexual harassment claims
Oregon’s Attorney General and Treasurer have announced a settlement with L Brands over allegations that the company’s board failed to investigate former CEO Leslie Wexner’s ties with pedophile Jeffrey Epstein and ignored ‘a widespread and pervasive culture of sexual harassment’.
Supermodel Grace Elizabeth sues Revlon over misuse of image
Supermodel Grace Elizabeth Harry Gabe (Grace Elizabeth) has sued Revlon over the use of her image without her permission.
Richemont appoints two new Board Members
Richemont has announced the nominations of Jasmine Whitbread and Patrick Thomas for election to the Board of Directors. Their appointments are subject to the approval of shareholders at the 2021 AGM to be held on September 8, 2021.
Levi Strauss & Co branches into activewear with acquisition of Beyond Yoga
Levi Strauss & Co has announced the planned acquisition of Beyond Yoga. The transaction will be financed with cash and is due to close in the fourth quarter of 2021, subject to regulatory approval. Financial and operational terms of the deal will be disclosed on closing.
Victoria’s Secret completes separation from Bath & Body Works
Victoria’s Secret has completed its separation into an independent, publicly trade company from Bath & Body Works, with the company having traded on the New York Stock Exchange under the ticker VSCO.
LVMH chief Bernard Arnault usurps Jeff Bezos as world’s richest man as Amazon Q2 sales fall short of analyst expectations
VMH CEO Bernard Arnault has beaten Amazon’s Jeff Bezos to take the title as the world’s richest person, with Bezos’ net worth dropping US$13.9 billion last week following Amazon’s Q2 earnings falling short of analyst expectations.
Rihanna selects all-black women biker gang Caramel Curve to market size-inclusive Savage X Fenty lingerie brand
Rihanna has appointed the all-black Caramel Curve female biker gang as the face of her size-inclusive Savage X Fenty lingerie brand,
Prada becomes latest luxury company to report soaring H1 sales
Prada has reported a H1 revenues leap of 66 percent at constant exchange rates to €1.5 billion euros ($1.78 billion), joining its luxury peers in seeing a return to growth following pandemic downturns.
Bulgari unveils Eiza González as its first Latin American ambassador for North America
Mexican Actress Eiza González has been named as Bulgari’s first Latin American ambassador for the North American market.
LVMH reports H1 sales high as luxury fashion proves pandemic proof
LVMH has reported a net profit leap of 62 percent in H12021 as opposed to 2019, which was bolstered by record sales for its key fashion and leathers goods division, driven by Louis Vuitton and Dior.
Selfridges for sale: UK department store goes on the market for £4 billion
UK department store Selfridges has been put up for sale by its owners, the Weston family, giving the luxury retail space a £4 billion price tag.
Dior Beauty teams up with South Korean Zepeto to launch digital makeup collection
Dior’s beauty arm has teamed up with South Korean social media app Zepeto to launch a digital makeup collection, aimed at a Gen Z audience.
LVMH buys majority stake in Virgil Abolh’s Off White label; designer lands bigger role
LVMH has become a majority investor in Virgil Abloh’s Off White label, having jointly agreed to pursue new projects across luxury categories.
Bewakoof debuts beauty brand, Cosmos
Bewakoof has announced the launch of its first beauty and personal care line, according to a report published by Mint. The Indian D2C fashion brand’s first foray into cosmetics has been named Cosmos.
Benefit partners with footwear brand Crocs on new shoe range
LVMH-owned Benefit has teamed up with footwear brand Crocs on a new limited edition collection, named Benefit x Crocs.
Dior names Yara Shahidi Global Brand Ambassador
Dior has announced the appointment of Yara Shahidi as Global Brand Ambassador for women’s fashion and make-up.
Chanel cancels dividend payments as pandemic hits profits
Chanel hasn’t paid dividends to its owners for the past year, according to a report published by the Mail on Sunday, and is not proposing to pay a dividend that would usually be due this month.
L Brands announces proposed Victoria’s Secret US$500 million offering of senior notes due 2029
Brands has announced that its subsidiary Victoria’s Secret is offering the sale of US$500 million aggregate principal amount of senior notes due 2029.
Versace unveils fall campaign featuring Dua Lipa
Versace has unveiled its fall 2021 campaign featuring Grammy Award-winning artist, Dua Lipa, according to a report published by WWD.
La Perla launches new collection; names Moroccan-Italian model Malika El-Maslouhi as face of its signature scent
La Perla is launching a new cosmetics collection, La Perla Beauty, and has named Moroccan-Italian model Malika El-Maslouhi as the face of its signature scent, according to a report by Arab News.
Zalando teams up with Sephora to create online prestige beauty platform for Europe
Zalando and Sephora have announced that they have signed a strategic partnership to create an online prestige beauty destination for European shoppers.
Victoria’s Secret rebrand: angels are out, activism is in
Victoria’s Secret has announced a significant change of tack in its marketing methods. Gone are the brand’s notorious ‘Angels’ and instead, the L Brands-owned underwear maker has announced the creation of The VS Collective of leading icons and change makers.
Pharrell Williams teams up with Chanel to launch mentorship program for Black and Latinx entrepreneurs
Pharrell Williams has teamed up with fashion house Chanel via his equity-focused initiative Black Ambition to launch a two-part mentorship program for Black and Latinx entrepreneurs.
LATEST NEWS
