The private equity firm has taken a majority stake in the digital-native clean beauty brand, an investment that values the Santa Monica, California-based company at $1 billion and sets it up for accelerated growth.
Surging sales at Louis Vuitton and Dior helped French luxury giant LVMH make a very strong start to 2021, with overall revenues returning to growth in the first quarter despite new coronavirus lockdowns in Europe.
The US sport and sportswear giant has introduced a reconditioned shoes offering. Nike models that are returned as new within 60 days of purchase are reconditioned and then put up for sale at attractive prices.
Bottega Veneta took its social media distancing position to a new level of aloofness this weekend, when it announced that it had staged a secret show in Berlin nightclub Berghain, while not releasing images of the event.
Not many countries manufacture as much fashion as Turkey, even if few of its designers are internationally known. That may be about to change, with fashion leaders in the process of creating a Turkish Fashion Council.
The fashion subscription service has announced that Lake will be transitioning from her role as CEO to that of executive chairperson of the board. She will be succeeded at the helm of the business by Elizabeth Spaulding.
British designer Paul Andrew, head of all collections at Florentine luxury brand Salvatore Ferragamo since 2019, will leave his role at the business in May. The brand’s in-house team will take over his responsibilities.
The American outdoor brand has announced the arrival of Matthijs Visch as its new general manager of EMEA. Having spent 19 years at Nike, Visch was most recently in charge of the company's operations in Eastern Europe.
There hasn’t been much in the way of news from struggling retailer New Look since securing essential financial support last November. But the retailer announced Tuesday a new appointment, and it’s big one.
Receive by e-mail all of the latest news from the fashion, beauty, and luxury industries, free of charge. But also, access documentation, view interviews and videos from fashion trade shows and runways.