THG shares surge as company raises $2.4 billion in an IPO to ride digital Wave
The Hut Group has raised $2.4 billion in a London initial public offering (IPO), a move which sent the company shares soaring up to 32 percent.
Amazon evolves in premium market with launch of Luxury Stores
Amazon has evolved in the premium market with the launch of its new Luxury Stores concept, with Oscar de la Renta unveiling the first store featuring its Pre-Fall and Fall/Winter 2020 collection.
Chanel appoints Agathe Derain into newly created Head of Human Rights sustainability role
Chanel has announced the appointment of Agathe Derain into the newly created position of Head of Human Rights, Corporate Sustainability, effective 1st September.
L Brands sells majority stake of Victoria’s Secrets’ UK business to British retailer Next
L Brands has entered into a joint venture (JV) with British retailer Next, who will a acquire a 51 percent majority stake in Victoria’s Secrets UK and Ireland, which is currently in administration.
& Other Stories trials beauty vending machine
H&M’s & Other Stories brand is trialling a vending machine in store at its Galeries Lafayette branch, according to a report published by Fashion United.
Inter Parfums issues 2020 guidance; expects net sales to plummet 38 percent
Inter Parfums has announced that it expects 2020 sales to reach roughly US$442 million, a drop of some 38 percent on 2019’s figures. However, given the significant impact of the COVID-19 pandemic, Chairman and CEO Jean Madar professed the company ‘reasonably pleased’ with that for the year as a whole.
Tiffany to sue LVMH over stalled take-over bid
Tiffany has announced it is to sue LVMH over the deliberate stalling of its takeover deal, worth $16bn, according to a report by the Financial Times.
LVMH North America appoints Corey Smith VP of Diversity and Inclusion
LVMH North America has drafted in Corey Smith to boost diversity throughout the luxury goods group via the newly created role of Vice President of Diversity and Inclusion, according to a report published by WWD.
Macy’s reports Q2 loss; bolstered by soaring online sales
Macy’s has reported a narrower Q2 loss than expected, bolstered by a better-than-expected surge in online sales.
Cardi B announced as the new face of Balenciaga
Rapper Cardi B has been unveilved as the new face of Balenciaga, with the first image from the fashion house’s winter 2020 campaign being displayed on the side of the Louve, Paris.
Spanish singer Rosalía announced as MAC’s newest Viva Glam Ambassador
Spanish singer Rosalía has been named as MAC’s newest Viva Glam Ambassador.
Primark introduces new energy efficient delivery trucks
Budget fashion and beauty retailer Primark has introduced new energy efficient delivery trucks, which are said to help drastically reduce its carbon footprint in the UK.
La Gotta launches CBD-based sun care line
Puerto Rican swimwear brand La Gotta has launched its first CBD-based sun care line, said to help maintain healthy, glowing skin.
Luxury holds its breath as Chanel London flagship listed
The resilience of luxury London property is about to be put to the test as the owner of Chanel’s Bond Street store lists the space for sale, according to a report published by The Times.
Hu Ge named Global Ambassador for Giorgio Armani
Chinese actor Hu Ge has been named Global Ambassador for the Giorgio Armani brand, according to a report published by WWD.
Target smashed: Target delivers record gains in Q2
Target has announced its results for the second quarter of fiscal 2020, and let’s just say it’s a bit of an anomaly as 2020 results go. Comparable sales swelled 24.3 percent – the company’s strongest ever quarter – with store comparable sales rising 10.9 percent and digital comparable sales up 195 percent.
Bath & Body Works surge helps L Brands beat expectations in Q2 2020
L Brands has reported better-than-expected sales for the second quarter of fiscal 2020. The company saw net sales drop 20 percent yoy to US$2.319 billion, driven by ‘exceptionally strong’ results at Bath & Body Works..
Pat McGrath Labs teams up with Supreme in first-ever lipstick collaboration
Pat McGrath Labs has teamed up with Supreme to launch the MatteTrance Lipstick, the first beauty collaboration in the fashion label’s 26-year history.
Chanel donates $700,000 to Lebanese charities following bomb blast
Fashion house Chanel has donated $700,000 to Lebanese charities following the recent explosion in Beirut.
MyGlamm snaps up POPxo
MyGlamm has acquired digital lifestyle platform POPxo, according to a report published by LiveMint. Terms of the deal were not disclosed.
Fairchild names Head of Diversity, Equity and Inclusion and WWD Executive Editor
Fairchild Media has named Tara Donaldson as its Head of Diversity, Equity and Inclusion, and Executive Editor of WWD.
Glossier, Birchbox and L’Oréal among partners for The Black in Fashion Council launch
The Black in Fashion Council (BIFC) has announced the first 38 companies who have signed up to participate in the initiative, which was founded in June to evolve the industry’s inclusivity, according to a report published by Vogue.
The next Goop? Victoria Beckham to expand clean beauty brand into lifestyle products
Is Victoria Beckham attempting to build her own version of Goop? The former Spice Girl has filed an application to trademark the term ‘Victoria Beckham’ and her initials, VB, in the health and beauty arena, according to a report published by the Daily Star.
Gwyneth Paltrow and Unilever Ventures invest in Saie beauty
Clean make-up brand Saie beauty has closed a seed round attracting a number of investors, including Unilever Ventures and Gwyneth Paltrow, according to a report published by WWD.
Calvin Klein brings back Christy Turlington Burns and husband Edward Burns for new Eternity global campaign
Calvin Klein has announced that model Christy Turlington Burns and husband Edward Burns are once again the faces of the global advertising campaign for the Eternity fragrance.
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