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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.
Tapestry, the parent company of Coach, is acquiring Capri Holdings, which owns fashion brands such as Michael Kors, Versace, and Jimmy Choo. The purchase price is approximately $8.5 billion.
Leading sports apparel brand Nike has announced plans to partner with FitLab, an integrated operating company of performance lifestyle brands, to open group fitness studios called Nike Studios later this year.
On August 4, Gap announced its collaboration with LoveShackFancy. A total of 76 capsule collections will be available in stores and online.
Since the pandemic, consumers’ expectations of physical stores have changed dramatically. In recent years, it is no exaggeration to say that having the right technology tools in stores is an “indispensable prerequisite” for improving the convenience of stores.
On July 28, WWD revealed that Prada will launch its first skincare and makeup products.
On September 6, Puig, a leader in the fragrance industry based in Barcelona, announced robust growth for the first half of the 2024 fiscal year.
On September 3, it was announced that Benedetta Petruzzo, the Chief Executive Officer (CEO) of Miu Miu, a subsidiary of LVMH, will be appointed as the Managing Director of Christian Dior Couture.
American Eagle Outfitters, Inc. (AEO) achieved record revenue in the second quarter of 2024, marking a significant milestone for the company.
On August 30th, the Italian fashion company Benetton Group announced the resignation of Andrea Incontri, who has served as Creative Director for the past two years, as part of its ongoing organizational restructuring.
On August 29, Gap Inc. reported strong results for the second quarter of 2024.
On August 29th, Lululemon Athletica Inc. announced its financial results for the second quarter of 2024, reporting a 7% year-over-year increase in total revenue, reaching $2.4 billion. The company saw particularly strong…
On September 19, the British Fashion Council (BFC) announced that Caroline Rush will step down as CEO in June 2025, after 16 years of leadership.
On September 17, Bedford Media, owned by fashion model and entrepreneur Karlie Kloss, announced the appointment of Thom Bettridge as Editor-in-Chief and Chief Brand Officer of the UK-based fashion and culture magazine, i-D Magazine.
On September 12, the Council of Fashion Designers of America (CFDA) announced the nominees for the 2024 CFDA Fashion Awards in the categories of Womenswear, Menswear, Accessories, and Emerging Designers.
On September 11, Chanel announced that Hollywood actress Margot Robbie had been chosen as the new face of their iconic fragrance, Chanel N°5.
On September 10th, the 2024 LVMH Prize ceremony was held at the Louis Vuitton Foundation Amphitheatre in the 16th arrondissement of Paris, where the Swedish brand “HODAKOVA” claimed the prestigious grand prize.
On September 9, a fresh breeze swept through the fashion world. LVMH-owned Givenchy announced the appointment of Sarah Burton as their long-awaited new creative director.
On September 6, Puig, a leader in the fragrance industry based in Barcelona, announced robust growth for the first half of the 2024 fiscal year.
This fall, Barneys New York is making a comeback as a limited-time pop-up shop in New York City.
On August 21, 2024, Fresha, a leading beauty and wellness industry marketplace, announced that it had secured a $31 million venture debt facility from J.P. Morgan.
On August 26th, French Maison Rabanne announced that supermodel Gigi Hadid had been appointed the global ambassador for their new fragrance, “Million Gold For Her.”
On August 19, 2024, The Estée Lauder Companies Inc. announced that President and CEO Fabrizio Freda has informed the Board of Directors of his intention to retire at the end of fiscal year 2025.
On August 8th, California-based cosmetics brand e.l.f. Beauty, Inc. announced a strong start to fiscal year 2025, reporting a 50% increase in first-quarter sales, reaching $324.5 million.
French fashion label ba&sh announced that effective June 2024, it has joined the ranks of B Corp-certified companies, awarded to environmentally and socially responsible corporations in the public interest.
