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Beauty

The Truth About Violet Grey’s Acquisition Plans

Chief executive Sherif Guirgis set the record straight about the company’s acquisitions, and shared his growth plans with The Business of Beauty exclusively.


Retail

Klarna Shares Climb 30% in Trading Debut After $1.37 Billion IPO

The company’s shares opened at $52 each in New York, above the IPO price of $40 apiece.


Beauty

Introducing Full Coverage, a Beauty Newsletter From Priya Rao

The Business of Beauty’s executive editor is bringing back her weekly newsletter, and diving into how shifting ideals, new players and cultural movements are transforming the multi-billion-dollar beauty and wellness industries.


Beauty

A Beauty Editor’s Vision of Luxury Pet Care: Biche

Biche, a label founded by Highsnobiety’s Alexandra Pauly, will sell a duo of fine fragrance-infused dog grooming products, and has closed a pre-seed funding round led by executives from Europerfumes.


Direct-to-Consumer

Peter Do Launches New Label

PD-168, the designer’s latest venture, is a monochromatic, high-fashion take on the work uniform. Just don’t call it a diffusion line.


Beauty

Balenciaga Launches New Fine Fragrance Collection

Inspired by an original perfume created in the 1940s and long discontinued, the 10-piece collection will be available to purchase on Sept. 10 from select Balenciaga boutiques.


Retail

The Great Fashion Reset | The Future of Multi-Brand Retail

As major luxury retailers from Saks to Ssense struggle, independent boutiques are making a comeback.


Retail

Reformation Launches First Full Jewellery Line

The LA-based brand is expanding into demi-fine jewellery, the latest step in its bid to capture a bigger share of its customers’ closets.


Luxury

Inside Kering’s Changing of the Guard

A $24 million welcome bonus was in focus as new CEO Luca de Meo took the reins from François-Henri Pinault. Improving performance will require tough choices to ‘reduce our costs, reduce our debt, and where necessary, rationalise, reorganise, reposition some of our brands,’ de Meo said.


Sustainability

Nike’s Chief Sustainability Officer Departs

Jaycee Pribulsky is leaving the company for a new opportunity after less than two years in the role. Her departure comes amid a choppy period of restructuring, when the sportswear giant’s sustainability efforts have faced scrutiny and it has rejigged communications on the topic.


Global Markets

China’s Luxury Resellers Get Physical

The resale market is expanding from apps to buzzy offline markets as taboos around secondhand fashion fade, interest in sustainability grows and the slowing economy pushes more Chinese consumers into bargain-hunting mode.


Global Markets

Worldview | Tokyo Fashion Week Toasts Two Decades of Trailblazers

This week’s round-up of global markets fashion business news also features China’s rebuke of Dior, South African Fashion Week’s pause and runway spectacles in Dubai and Buenos Aires.