Boohoo more than doubles stake in Revolution Beauty to become largest shareholder amidst accountancy probe
Boohoo has more than doubled its stake in Revolution Beauty to become the cosmetic brand’s largest shareholder.
LVMH hosts Show Me event in Paris to promote and preserve the Métiers d’Excellence
LVMH has hosted its Show Me event in Paris, which is said to highlight a year of concrete initiatives that ‘bring generations together to pass on, celebrate and preserve the Group’s exceptional Métiers d’Excellence.’
Alessandro Michele steps down as Gucci Creative Director
Kering has announced that Alessandro Michele is to step down as Creative Director of Gucci, which he has been at the helm of since 2015.
The Estée Lauder Companies finalises Tom Ford brand acquisition in US$2.8 billion deal
The Estée Lauder Companies (ELC) has announced it has signed an agreement to acquire the Tom Ford brand and all its intellectual properties in a deal worth US$2.8 billion.
Has Estee Lauder clinched Tom Ford deal for US$2.8 billion?
The Estee Lauder Companies is poised to clinch a deal for Tom Ford for US$2.8 billion, according to a report published by the Financial Times. At the time of writing, an official announcement was expected imminently but was not released before our news deadline.
LVMH partners with Circular Bioeconomy Alliance to support African cotton farmers
LVMH is partnering with the Circular Bioeconomy Alliance in support of its latest Living Lab with a regenerative agriculture project based in Chad.
Kering could be entering the fray for Tom Ford and the markets like it
Shares in Kering rose at the close of last week as rumors that the owner of Gucci was in the running to acquire Tom Ford swirled around the markets, according to a report published by Reuters.
L’Oréal names President, Mugler Fashion and Fragrances
L’Oréal has named Daniele Lahana-Aidenbaum Global President of its recently acquired Mugler fashion and fragrance brand, according to a report published by Fashion Network, effective immediately.
Ganni teams up with Submission to launch beauty line
Scandi fashion brand Ganni has unveiled its first foray into the cosmetics world – a line of biodegradable cosmetic glitter produced in collaboration with Submission Beauty.
Max Factor China launches first collaboration with fashion incubator Labelhood
Coty-owned Max Factor China has launched its first collaboration with fashion incubation community Labelhood.
Now Valentino announces blackouts
Valentino has announced that it will be switching off the lights in stores at 10pm each night in a bid to help save energy among the ongoing threat of shortages this winter, according to a report published by Reuters.
L’Oréal Paris takes over the runway at Paris Fashion Week
L’Oréal Paris staged its own runway show in the center of Paris to mark the French capital’s Fashion Week, according to a report published by Reuters.
Turn DOWN the heat: Louis Vuitton dials down the thermostat amid energy crisis
LVMH’s signature fashion brand, Louis Vuitton has announced that it will be adjusting the thermostats and turning off the lights earlier as part of energy saving measures designed to help the label do its bit to combat the energy crisis this winter, according to a report published by The Guardian.
A mark of respect: Burberry and Raf Simons cancel LFW shows following death of Queen
Following the death of Queen Elizabeth II last week, British brand Burberry and designer Raf Simons have both announced that their catwalk shows will not proceed next week as originally planned as ‘a mark of respect’.
Elle China Editor-in-Chief Nicole Xue to leave the publication after three years
Elle China Editor-in-Chief Nicole Xue is set to leave the Hearst-owned publication after almost three years, according to WWD.com.
Farfetch and Alabbar to acquire Yoox Net-a-Porter in a bid to ‘advance the digitalisation of the luxury industry’
Farfetch and Alabbar are set to acquire a 47.5 percent and 3.2 percent stake, respectively, in Yoox Net-a-Porter, which will make YNAP a neutral platform with no controlling shareholder.
Stella McCartney to debut minimalist, clean skin care line
Fashion designer Stella McCartney is set to launch a skin care line that promises to be minimalist, sustainable and clean, according to a report published by WWD Beauty.
Estee Lauder Companies to buy-out Tom Ford beauty brand?
The Estee Lauder Companies (ELC) is said to be mulling a buy-out of beauty brand Tom Ford in a potential US$3 billion deal, according to a report by Reuters.
Tom Ford calls in Goldman Sachs to explore a sale
Luxury fashion brand Tom Ford is said to be exploring the possibility of putting itself up for sale and has called in Goldman Sachs to lay the groundwork, according to a report published by Bloomberg quoting sources ‘familiar with the matter’.
Authentic Brands drops lawsuit against Bolt
Authentic Brands has settled and agreed to dismiss its lawsuit against checkout tech firm Bolt. Both companies plan to continue the partnership offering seamless one-click checkout to ABC’s brands Forever 21 and Lucky Brand.
H&M 1H 2022: sales soar 20 percent thanks to ‘well-received collections’
H&M Group has reported its results for the first half of fiscal 2022. The Swedish fast fashion brand saw sales increase 20 percent in the six months to May 31, 2022, while gross profit rose to SEK54.106 million.
Chanel family receive US$5 billion in dividends after storming fiscal 2021
The owners of Chanel, the Wertheimer family received some US$5 billion in dividends last year as the luxury label recorded record-breaking sales, according to a report published by Bloomberg.
Kohl’s Q1 2022: macro headwinds lead to disappointing start to year
Kohl’s has reported its results for the first quarter of fiscal 2022. The department store chain saw sales drop 5.2 percent in the three months to April 30, 2022, versus the same period last year.
Zara cans free returns for online shoppers
Zara has ushered in a charge for returning goods bought via its website, according to a report published by the BBC. The fast fashion retailer will levy a £1.95 fee for returned items, with the cost deducted from refunds.
Could real-time price tags be the future for crypto payments after slump?
A London fashion store has adopted real-time price tags, recalculated every 10 minutes, in order to accept payment in crypto currencies, according to a video report posted by Reuters.
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