The News In Brief
US Retail Sales Beat Expectations in November
Retail sales jumped 0.7 percent last month after an upwardly revised 0.5 percent gain in October, the Commerce Department’s Census Bureau said on Tuesday.
Puig to Assume Full Ownership of Charlotte Tilbury in 2031
The Spanish company extended its partnership with the eponymous founder of Charlotte Tilbury, who will retain a minority stake in the brand until 2031.
Vera Wang Brand Acquired by Fashion Holding Company WHP Global
The designer will continue to serve as founder and chief creative officer.
TikTok Asks US Supreme Court to Block Government Ban
The emergency request comes after a federal appeals court upheld a new law banning TikTok in the US if the parent company doesn’t sell the app by Jan. 19.
Extensive Collection of Martin Margiela Pieces Set to Go to Auction in January
Kerry Taylor and Paris-based Maurice Auction will host a sale of over 300 pieces of clothing and other items from the period between 1988 to 1994, when the designer was first breaking out in fashion.
Isak Andic, Founder of Spain’s Mango, Dies in Accident at 71
Along with his brother Nahman, Istanbul-born entrepreneur Isak Andic founded fast fashion brand Mango in 1972 and turned it into a global force.
Vogue Editor Polly Mellen Dies at 100
The Connecticut-born editor, known for her close work with Diana Vreeland and Richard Avedon, has died.
Bic Buys Tangle Teezer for $210 Million
The consumer goods firm, which also makes a range of stationery, lighters and razors, has acquired the hair brush firm from its private equity owners.
System Co-Founders Reacquire Magazine
Elizabeth von Guttman, Jonathan Wingfield and Thomas Lenthal have bought back the title after its publisher was placed into liquidation last month. System will launch its next print issue in January.
Skims Opens First NYC Flagship
The shapewear brand, co-founded by Kim Kardashian and Jens Grede, unveiled its first New York City flagship on 5th Avenue.
Neiman Marcus Said To Raise Bond Issuance to $2.2 Billion Amid Strong Investor Demand
The American department store chain is boosting the size of its five-year bond offering by about $200 million after luring investors with 11 percent yield, people with knowledge of the sale told Bloomberg.
Zalando to Buy German E-Commerce Player About You for $1.3 Billion
Berlin-based Zalando said Wednesday it will offer €6.50 per share for rival e-tailer About You, a 67 percent to Tuesday’s closing price.