Generative AI technologies have the potential to transform a wide variety of customer touchpoints, including e-commerce sites, targeted advertising, and the customer experience in physical stores.
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Fashionphile, a leading luxury bag resale platform, has announced that it has recently earned B Corp Certification (B Corp).
On August 29, E.l.f. Beauty announced that it has entered into a definitive agreement to acquire Naturium for $355 million in cash and stock.
On the 10th of this month, Tapestry, Inc., owner of brands such as Coach, Kate Spade, and Stuart Weitzman, made headlines when it announced that it would acquire Capri Holdings, owner of fashion brands such as Michael Kors, Versace, and Jimmy Choo, for approximately $8.5 billion.
On August 24, Shein, the E-commerce giant known for ultralow prices, announced a partnership with the SPARC Group, the US parent company of Forever 21.
The popularity of SKIMS, the apparel brand co-founded by Kim Kardashian, continues unabated. In just four years since its founding, the brand has quadrupled its valuation to become a unicorn company.
This fall, UNIQLO will debut a new women’s line, UNIQLO: C.
Peter Do, a brand synonymous with quiet luxury will collaborate with Banana Republic to launch an exclusive capsule collection in October.
On August 9, synthetic biotechnology company Amyris, Inc. filed for bankruptcy in the U.S. Bankruptcy Court in Delaware.
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.