The News In Brief
Dior’s Maria Grazia Chiuri to Show Cruise in Rome
The long-serving creative director, who has made destination shows that tap into local culture a key element of her method, will stage her next cruise outing in her hometown on May 27th.
Hodinkee Names New Editor-in-Chief
The watch site tapped editor James Stacey to lead the next phase of editorial output following its acquisition by Watches of Switzerland in October.
Isabel Marant’s Bonds Dive After Sales Slump
The brand’s bonds hit a record low following a sharp decline in sales, with a 31 percent drop in wholesale and online revenue contributing to the company’s overall 17 percent sales slump.
Macy’s Delays Results After Finding Employee Hid Millions in Delivery Expenses
A single employee “intentionally” made wrong accounting entries to hide about $132 million to $154 million of delivery expenses between the fourth quarter of 2021 through third quarter of 2024, Macy’s said.
Eliane Heilbronn, Matriarch Behind Chanel Empire, Dies at 99
The key figure in Chanel’s history who helped secure Karl Lagerfeld as the brand’s creative force has passed away.
L’Oréal Launches $475 Infrared Hair Dryer
The Airlight Pro launched into Ulta Beauty under the L’Oréal Professionnel brand.
P&G Doubles Down on China’s TikTok to Reverse Sales Slump
Whilst reworking its marketing, influencer partnerships and product assortment, the Ohio-based conglomerate has been heavily investing in Chinese shopping app Douyin.
François Pinault Out of the Global 100 Richest
The Kering founder’s wealth has fallen from its August 2021 peak by two-thirds, as son François-Henri Pinault struggles to turn around the luxury group’s flagship Gucci label.
Olive & June To Be Acquired by Helen of Troy
Drybar owner Helen of Troy bets on DIY nail care with its acquisition of Olive & June.
Gap Lifts Outlook Ahead of Key Shopping Season
The operator of Old Navy and Athleta now sees sales up 1.5 percent to 2 percent this fiscal year, versus a previous view that the measure would climb less than 1 percent.
Canadian Fashion Company Groupe Dynamite Launches IPO
Shares of the Montreal-based retailer, which owns womenswear brands Dynamite and Garage, fell 2 percent following its debut on the Toronto Stock Exchange.
Crown Affair Closes $9 Million Series B Round
Prestige hair care brand Crown Affair has closed a $9 million Series B round led by investment firm True Beauty Ventures.