Sean “Diddy” Combs has initiated Empower Global, a digital marketplace catering exclusively to Black-owned businesses.
Farfetch has announced its results for the fourth quarter and full year 2022. The online luxury fashion retailer posted record revenue of US$2.3 billion for the year ended December 31, 2022, up 3 percent year-on-year, despite a 5 percent drop in Q4 revenue.
Fashion platform Moda Operandi has launched into the beauty sector, launching 55 55 skincare, fragrance, makeup, haircare, and body care brands.
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.
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.
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.
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.
Farfetch has announced its launch into the beauty category across its companies, Browns, farfetch.com and Off-White.
Estee Lauder was named as the exclusive beauty brand participating in Decentraland’s Metaverse 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.