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Farfetch to Close its Beauty Business

Last April, luxury marketplace Farfetch made a splash with its entry into the beauty sector. However, the company has recently been facing difficulties in running its beauty division, and industry insiders are reporting that Farfetch’s beauty division may be shutting down.

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Chanel Announces New Circularity Platform “NEVOLD”

On June 9, French luxury maison Chanel announced the launch of “NEVOLD,” a new independent organization dedicated to promoting circularity within the fashion and luxury sectors.

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