Farfetch posts record revenue for 2022 despite Q4 dip
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.
Has the CBD bubble burst? Love Hemp calls in the administrators
The UK’s #1 supplier of CBD-based products, Love Hemp has called in the administrators. The wellness brand has been ‘unable to secure a permanent solution for its working capital challenges’.
Galderma launches new AR solution to help healthcare professionals and improve patient satisfaction
Galderma has launched an augmented reality solution named Face by Galderma, which aims to provide healthcare professionals ‘grow their activity and improve patient satisfaction.’
Twinco Capital raises US$12 million: focus on expansion
Twinco Capital has announced it has closed a US$12 million equity and debt round in order to expand its supply chain finance platform.
L’Oréal steps into Web3 with investment in Digital Village
L’Oréal’s venture capital fund, BOLD has announced a minority investment in Digital Village. The US-based start-up offers new, scalable technologies for the creation and interaction of digital identities and assets in virtual worlds.
L’Oréal invests in Prinker Korea
L’Oréal’s corporate venture fund, BOLD has announced a minority investment in micro-printing firm Prinker. Terms of the deal were not disclosed.
Tech in 2022 – can’t touch this
What were we expecting of technology in 2022? Well, after the dominance of internet shopping over the prior two years, more of the same, with bells on. All bets were on livestreaming, already a dominant trend in China, booming in the west.
Alibaba launches new marketplace Miravia in Spain
Alibaba has launched a new marketplace in Spain named Miravia, which is said to connect brands and content creators with consumers.
Avon partners with Perfect Corp on personalised product recommendations and AR virtual try-on
Avon has partnered with Perfect Corp to launch a virtual try-on (VTO) online shopping experience in nine initial markets, including the UK.
L’Oréal unveils multi-brand partnership with Ready Player Me
L’Oréal has announced a new, multi-brand beauty partnership with Ready Player Me, the leading cross-game avatar platform for the metaverse.