LVMH has become a majority investor in Virgil Abloh’s Off White label, having jointly agreed to pursue new projects across luxury categories.
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.
LVMH-owned Benefit has teamed up with footwear brand Crocs on a new limited edition collection, named Benefit x Crocs.
Dior has announced the appointment of Yara Shahidi as Global Brand Ambassador for women’s fashion and make-up.
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.
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 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 and Sephora have announced that they have signed a strategic partnership to create an online prestige beauty destination for European shoppers.
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.
Fashion and beauty retailer H&M has seen Q2 sales rise 62 percent between March and May, citing the easing of pandemic restrictions in many markets and the increased online demand, according to a report by Reuters.
Chanel has reported revenue of US$10.1 billion, down 18 percent year on year compared to 2019, citing a ‘highly disrupted environment’ that led to the closure of its boutique and manufacture network, and the suspension of international travel.
Fake online reviews will be behind some US$3.96 billion of online fashion sales in the US and US$800 million of beauty and personal care buys, according to a study conducted by CHEQ and the University of Baltimore.
Coty-owned Marc Jacobs Fragrances has announced that it will donate up to US$50,000 to The Lesbian, Gay, Bisexual & Transgender Community Center through an interactive social fundraiser on Cameo.
Inditex has reported a sales increase of some 50 percent in 1Q21 to €4.9 billion versus the prior year quarter with May sales above 2019 levels, indicating that consumption has bounced back after the pandemic shuttered stores.
Hong Kong’s Customs and Excise Department has seized a cache of luxury goods worth some HK$120 million from smugglers, according to a report published by France24.
US-Somali model Halima Aden has teased a return to the fashion world following her announcement back in October that she was quitting modelling.
Zalando has gifted all staff an additional five days of paid annual leave in recognition of their hard work over the course of the pandemic, according to a report published by Reuters.
Rapper A$AP Rocky assumed the role of CEO for a day at Klarna at the start of June, in recognition of his recent investment in the global payments provider.
Rapper Sean Combs, known as P Diddy, has teamed up with Salesforce to launch a digital marketplace for Black-owned brands, named Shop Circulate.
La Perla is set to relaunch its beauty line, according to a report published by WWD. The Italian lingerie brand called time on its licensing deal with Revlon last year, having launched its own beauty subsidiary in 2019 and the fruits of its labor are poised to hit shelves this summer.
Bloomingdales has jumped on the self-care trend with the launch of a sexual wellness shop aimed at helping shoppers to enhance their sex life and boost body positivity, according to a report published by The Zoe Report.
Kering has announced the completion of the sale of part of its stake in Puma for €805 million. The owner of Gucci offloaded shares equivalent to 5.9 percent of the sportswear brand’s share capital.
Authentic Brands Group, parent company of Forever 21, Juicy Couture and Brooks Brothers is reportedly planning a public listing this year, according to a report by Bloomberg.