Afterpay launches ‘top-up’ program to promote sustainable shopping
Buy now, pay later provider Afterpay has launched a top-up program that allows customers to donate $1 at check out to charitable causes in a bid to promote sustainable shopping.
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ITP Media introduces print magazines Harper’s Bazaar and Esquire into Saudi Arabia
ITP Media has launched Harper’s Bazaar Saudi and Esquire Saudi in Saudi Arabia, with permission from Saudi Crown Prince Mohammed bin Salman’s as part of his Vision 2030 strategy.
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H&M, Burberry face ire in China over Xinjiang cotton workers’ row
H&M and Burberry are among a number of western brands facing boycotts in China over their stance on the alleged forced labor in Xinjiang, according to a report published by The New York Times.
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Ralph Lauren reduces water waste with new dying process
Ralph Lauren is changing the way it dyes its clothes in order to drastically reduce its water waste, via a new dyeing platform named Color on Demand, according to a report by Bloomberg.
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Cartier parent company shares rise following Kering merger rejection
hares in Cartier parent company Richemont have risen this week following reports it rejected a merger offer from luxury goods company Kering, according to a report by Miss Tweed.
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Smart Hemp poised to expand prior to IPO
Russian hemp cultivator, Smart Hemp, is set to embark on an aggressive expansion policy, expanding domestic production to at least 12 regions as demand grows, according to a report published by Reuters.
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Chanel launches Global Culture Fund
Chanel has announced the launch of a new fund designed to support ‘cultural innovators’. The global program will work with international museums and institutions to advance greater representation in culture and society.
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Flexible payment provider Clearpay launches in Southern Europe
Flexible payment provider Clearpay has launched into Southern Europe, and is now in merchants across Spain and France.
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B2B e-commerce platform NuOrder raises $45 million investment; Net-a-Porter Founder’s venture capital firm leads
NuOrder, a B2B e-commerce platform, has raised $45 million in an investment round led by Net-a-Porter Founder Natalie Massenet’s venture capital firm Imaginary Ventures.
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Instagram calls on fashion, beauty and Black businesses to promote launch of Live Rooms
Instagram has announced the launch of Live Rooms, which allows up to four users to live stream. The Facebook-owned social media site is using both fashion and Black businesses to promote the launch, according to a report by WWD.com.
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Bottega Veneta eschews social media; deletes Weibo and disables Instagram presence
Bottega Veneta is taking a step back from social, according to a report published by Bloomberg. The luxury leather goods brand has wiped its Weibo account, says Bloomberg, just a month after it disabled its Instagram feed.
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Resale service Reflaunt raises $2.7 million in pre-series A funding round
Resale platform Reflaunt has raised $2.7 million in a pre-series A funding round from luxury investors, led by SLS Journey, the investment arm of luxury fashion distributor MadaLuxe Group.
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Hermes sees sales soar 16 percent in Q4 thanks to strong Chinese demand
Hermes has beaten expectations to deliver sales growth of 16 percent in the final quarter of fiscal 2020, bringing consolidated revenue to €6,389 million for the year, a decrease of 6 percent at constant exchange rates.
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Glossier and ELF CEOs join Allbirds Board
Californian sneaker brand, Allbirds has announced two high-profile appointments to its board, according to a report published by WWD. Emily Weiss, CEO of Glossier and Mandy Fields, CFO at Elf Beauty will join the sustainable footwear brand’s Board, bringing the total number of Board Members to eight.
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Westminster Council unveils regeneration plans for London’s Oxford Street
A central London local authority has unveiled plans to reboot one of the capital’s most popular shopping districts. Westminster City Council’s Oxford Street District framework promises to help the nation’s favourite high street bounce back after the pandemic stripped it of some of its most prized stores and reduced visitor numbers to virtually nil.
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LVMH Chief Bernard Arnault teams up with ex-UniCredit CEO Jean Pierre Mustier to form SPAC for financial deals
LVMH head Bernard Arnault is teaming up with former UniCredit CEO Jean Pierre Mustier to launch a special purpose acquisition company (SPAC) in order to invest in European financial companies.
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Munroe Bergdorf calls on social media giants to stop abuse
Munroe Bergdorf has spoken out and called for social media giants to go further in their fight against abuse online.
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Poshmark expands into Australia following IPO
U.S. fashion and beauty e-tailer Poshmark is expanding its presence into Australia, a move that follows its January IPO, according to a report by Bloomberg.
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Conde Nast caught up in rent dispute as publisher seeks to scale back office space
Conde Nast has declined to pay some US$2.4 million in rent for its One World Trade Center space due to a dispute with its landlords, according to a report published by The Wall Street Journal, quoting a bond document filing.
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LVMH and Rihanna put ready-to-wear operations on hold as pandemic hits demand
LVMH and Rihanna have announced that they are to put the singer’s ready-to-wear operations on hold due to falling demand as a result of the pandemic.
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L Brands announces retirement of CFO Stuart Burgdoerfer
L Brands has announced the retirement of Stuart Burgdoerfer, Chief Financial Officer and interim CEO of Victoria’s Secret, effective August 2021.
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L Catterton poised to acquire Birkenstock?
LVMH-backed L Catterton has emerged as the preferred bidder in the race to acquire casual shoe manufacturer Birkenstock, according to a report published by Bloomberg.
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LVMH orders Tiffany workers back to the office
New Tiffany owner, LVMH is said to have ordered employees of the jewelry brand back to the office, starting in March, according to a report published by The Wall Street Journal.
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Ashley Graham unveiled as St. Tropez new Global Brand Ambassador
Supermodel Ashley Graham has been announced as the new Global Brand Ambassador for PZ Cussons’ tanning brand St. Tropez.
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Japanese fashion retail site ZOZO launches new beauty platform ZOZOCOSME
Japanese fashion retail site ZOZO has announced the launch of its new beauty platform ZOZOCOSME, which is set to go live in March.
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