The News In Brief
French Senate Backs Law to Curb Ultra Fast-Fashion
If implemented, the law would ban advertising by fast-growing Chinese e-commerce platforms like Shein and Temu.
The Attico Opens First Store, in Ibiza
The Italian brand brings its interiors-inspired vision to retail with its first standalone store on the Balearic island. The next opening is set for Seoul later this year.
Typology Pushes Further Into US With Hair Care Launch
The DTC French skincare label will sell its five hair care products, which are available in France, on its US website from June 10.
Katrina Kaif’s Kay Beauty to Launch at Space NK
The UK beauty boutique is the Indian mass cosmetics brand’s first retail partnership outside of its home country.
Mark Guiducci Named Global Editorial Director of Vanity Fair
The former Vogue creative editorial director succeeds Radhika Jones and will oversee Vanity Fair’s creative and editorial direction across all markets, starting June 30.
Former Expedia CEO Buys Troubled Luxury Lingerie Brand La Perla
Peter Kern purchased the legally embattled Italian brand for €25 million.
Kering Acquires Lens Maker Lenti in Eyewear Push
Kering has acquired Italian lens manufacturer Lenti in its latest move to build out itsindustrial platform inhigh-endeyewear. The terms of the deal were not disclosed.
Exclusive: Violet Grey Names Former Bluemercury Executive as Group President
Tracy Kline will join the boutique retailer and content platform as group president, effective June 9 as the company continues to ratchet up its growth strategy.
Rent the Runway Forecasts Double-Digit Subscriber Growth in 2025
The fashion rental platform is making major investments in inventory and customer service as competition from Urban Outfitters’ Nuuly heats up, its chief executive Jennifer Hyman told The Business of Fashion.
Lululemon Cuts Annual Profit Forecast as Demand Slows, Tariffs Weigh
Despite new product offerings, the activewear brand is still struggling to keep up with growing competitors like Alo Yoga and Vuori.
Prada Acquires 10% Stake in Italian Leather Group Rino Mastrotto
Under the deal, the Renaissance Partners-backed leather group will receive two tanneries and a cash investment of unspecified value.
Gucci Owner Kering in Talks to Sell Stake in $1 Billion Fifth Avenue Property, Sources Say
The Italian luxury conglomerate is looking to sell a stake in a prestigious Fifth Avenue building it purchased last year as part of its strategy to cut costs amid heavy debts and sagging consumer demand, Reuters reported.