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.
Saks Fifth Avenue to offer cosmetic procedures in store
Saks Fifth Avenue has partnered with Skinney Medspa in order to offer medical-grade cosmetic treatments in store, according to a report published by WWD.
Who What Wear digital fashion brand acquired by Future Publishing
Women’s fashion and lifestyle brand Who What Wear has been acquired by digital brand company Future Publishing.
Gucci to accept cryptocurrencies in select US stores
Gucci is gearing up to accept payments in cryptocurrencies in US stores, according to a report published by Bloomberg. The Kering-owned brand’s New York, Los Angeles, Miami, Atlanta and Las Vegas stores will adopt digital tokens from the end of the month.
Lotte Duty Free opens first store in Sydney; resumes plans for global expansion
Lotte Duty Free has opened its first store in Sydney, Australia, which marks the company resuming plans for global expansion, according to Forbes.
Premium fashion website Net-a-Porter joins forces with online fine art platform AP8
Net-a-Porter is dipping its toe in the fine art world via a partnership with online platform AP8, with art being sold via Net’s homeware category beginning 2nd May, according to WWD.com.
Shiseido collaborates with Emirati Designer Yasmin Al Mulla
Shiseido Middle East has entered into a long-term strategic partnership with Emirati Designer Yasmin Al Mulla, which aims to bolster the position of Shiseido’s premium skincare collection, Future Solution LX, according to About Her.
Farfetch expands into beauty space
Farfetch has announced its launch into the beauty category across its companies, Browns, farfetch.com and Off-White.
Macy’s appoints Marie Chandoha and Jill Granoff to its Board
Macy’s has announced the appointment of Marie Chandoha and Jill Granoff to its Board of Directors, effective immediately.
Estee Lauder named as exclusive beauty partner for Decentraland’s metaverse fashion week
Estee Lauder was named as the exclusive beauty brand participating in Decentraland’s Metaverse Fashion Week.
Decentraland debuts virtual fashion week
Decentraland has launched what it is claiming to be the first fashion week to be held in the metaverse. The virtual reality platform will showcase new clothing collections from assorted brands this week, according to a report published by Dezeen.com.
Neiman Marcus publishes first ESG report
Neiman Marcus Group has published its first Environmental Social Governance Report, titled, Our Journey to Revolutionize Impact. The paper outlines the department store chain’s 2025 ESG strategy and shares progress to date.
Nordstrom Q4 sales and earnings in line with fiscal 2021 outlook
Fashion and beauty retailer Nordstrom has reported a Q4 net sales increase of 23 percent versus the same period in fiscal 2020 and a 1 percent decrease versus the same period in fiscal 2019.
Balenciaga Creative Director Demna Gvasalia showcases support for Ukraine at the brand’s winter show in Paris
Balenciaga Creative Director Demna Gvasalia has thrown the spotlight on Ukraine at the brand’s Autumn/Winter show at Paris Fashion Week.
Zalando hails ‘exceptional’ FY2021 as revenue grows 29.7 percent
Zalando has reported ‘exceptional’ full-year results for fiscal 2021 with growth ‘significantly faster’ than expected.
Farfetch to acquire e-commerce beauty site Violet Grey
Luxury fashion site Farfetch is set to acquire beauty e-commerce site Violet Grey for an undisclosed sum.
H&M fiscal 2021: 6 percent sales rise takes fashion retailer back to pre-pandemic levels
Hennes & Mauritz has reported its results for fiscal 2021. The high street fashion chain saw sales rise 12 percent in local currencies (+6 percent in SEK) to hit SEK198,967 million thanks to a storming fourth quarter which saw sales return to pre-pandemic levels.
Marks & Spencer launches into live shopping arena
M&S has announced the launch of Live Shopping on its website, offering customers a new way to find inspiration and shop with the retailer and tapping into the growing livestreaming trend, which is expected to account for 10 to 20 percent of global e-commerce by 2026.
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