South African e-tailer RunwaySale gets R100 million investment
South African retailer RunwaySale has received an investment of R100 million from private equity firm SPEAR Capital, according to a report by Business Tech.
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Chanel under fair trade investigation in South Korea
Chanel is under investigation by The Korean Free Trade Commission (KFTC) in South Korea for allegedly flaunting the country’s Free Trade Act, according to a report by RLI.com.
CLICK HERENintendo’s Animal Crossing showcases first digital fashion show
Fashion organization Reference Festival is set to host the world’s first Animal Crossing fashion show, with avatars dressed up in clothes inspired by the likes of Prada, Loewe and GmbH.
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Gucci goes ‘seasonless’ and slashes annual shows down to two in the wake of COVID-19
Gucci has announced it is to become ‘seasonless’ in the wake of the coronavirus pandemic and will streamline its annual shows down from five to two.
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Group Arnault acquires minority stake in Lagardère SCA
Bernaud Arnault has acquired a minority stake in publishing and retail group Lagardère SCA through his Group Arnault holding, according to a report by WWD.com.
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Dior teams up with Meitu to reach Chinese shoppers
Dior has partnered with Meitu to launch an AI-powered skin-testing tool dubbed Dior Skin ID, according to a report published by KrAsia.
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Avon branches out into facemasks
Avon is set to stock a series of protective fabric face masks alongside its lipsticks and moisturisers, according to a report published by ITV.
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Chanel launches new Le Lion fragrance in Middle East ahead of global rollout
Chanel has launched its new Le Lion fragrance in the Middle East, seven months before it is due to roll out worldwide, according to a report by Emirates Woman.
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Korea’s Handsome diversifies into cosmeceuticals with Cleangen acquisition
South Korean fashion brand Handsome has acquired a majority stake in K-beauty cosmeceutical brand Cleangen for KRW10 billion, according to a report published by Aju Daily.
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Next to debut beauty halls in ex Debenhams spaces
Next is taking its burgeoning beauty business into bricks and mortar, according to a report published by the BBC.
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Shanghai ushers in shopping festival to boost economy
Shanghai’s administration has conceived a novel way to boost economic activity in the wake of the coronavirus. The Chinese city is staging a two-month-long shopping festival, named Double Five Shopping Festival, according to a report published by WWD.
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Dior launches online beauty store for UAE market
Dior has launched an online store serving the UAE market, according to a report published by Cosmopolitan Middle East.
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L Brands unveils new standalone plan for Victoria’s Secret following Sycamore sale collapse
L Brands has unveiled it is to operate Victoria’s Secret as a standalone business following the collapse of the Sycamore Partners deal, according to a report by Bloomberg.
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Cosmopolitan Middle East unveils make-up artist Mohammed Hindash as first male cover star
Cosmopolitan Middle East has unveiled its first male cover star, Jordanian make-up artist Mohammed Hindash.
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The Hut Group moves into freight with launch of THG Air
The Hut Group is taking distribution into its own hands. The global consumer brand group has announced a partnership with Singapore Airlines as well as the purchase of two cargo planes in order to launch THG Air.
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Jim Gerson named President for Speedo North America
Following the announcement that Pentland Group has completed the acquisition of Speedo North America, the company has announced that Jim Gerson is poised to return to the business as President.
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Chanel launches online beauty pop-up store in Hong Kong
Chanel has launched an online pop-up store in Hong Kong, which will feature beauty items such as make-up, skincare and fragrance.
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Fashion retail – is it now a case of DIGITALIZE or die?
Hand’s up who’s eyeing up a new wardrobe while in COVID-19 lockdown? No? Me neither. Hand’s up who’s also itching to get back on the high street, mingling with an untold number of potential coronavirus carriers, all touching and trying on the same garments? No? Me...
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Sycamore pulls out of Victoria’s Secret sale
L Brands has announced that Sycamore Partners has delivered a notice purporting to terminate the agreement relating to the sale of a 55 percent interest in Victoria’s Secret.
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ASOS and Zoella have knuckles wrapped by ASA over #ad content
The UK’s Advertising Standards Authority (ASA) has upheld a complaint made against online fashion retailer Asos and YouTube star Zoella (Zoe Sugg) over incorrectly labelled content on a paid-for social media post.
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Hermes Q1 2020: store closures see revenue fall 6.5 percent
Hermes has reported its results for the quarter ended March 31, 2020. The luxury brand reported revenues of €1,506 million for the first three-months of the year, down 6.5 percent on last year’s figures.
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Victoria’s Secret appointment signals change of direction in China
Victoria’s Secret has named Zhou Dongyu as its latest face for China, according to a report published by WWD.
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Digital direction: London Fashion Week goes online with gender neutral platform
The British Fashion Council has announced that London Fashion Week will go ahead online, taking place between 12 and 14 June with a ‘gender-neutral platform’.
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Gucci resumes prototype work at Italian site
Fashion label Gucci has resumed partial prototype work at one of its main Italian sites after reaching a deal with unions concerning health and safety measures.
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Resilient? LVMH sales plummet 15 percent
LVMH has reported its results for the first quarter of the current financial year. The luxury goods manufacturer saw revenue plunge 15 percent compared to the same period in 2019, for total sales of €10.6 billion.
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