The News In Brief
Small Girls PR Acquired by Orchestra
Small Girls will join Orchestra’s stable of agencies, which includes Derris, M18 and Inkhouse.
EssilorLuxottica Sales Slightly Miss on Worsening China Market
Weak sunglass sales in North America also weighed on the company’s performance, though it said its Ray-Ban Meta smart glasses were one of its strongest sales drivers in the region.
Luxury Skincare Line Révive Acquired by Chinese Firm S’Young Group
The doctor-founded skincare line, known for its pricey serums and creams, has been acquired by the Chinese owner of Evidens de Beauté for an undisclosed sum.
US Retail Sales Increase Solidly in September
US retail sales rose 0.4 percent in September, surpassing expectations and indicating robust economic growth in the third quarter, which could solidify the Federal Reserve’s plans for a modest interest rate cut next month.
Swiss Watch Exports Plunge as Chinese Demand Dries Up
Swiss watch exports plummeted by 12.4 percent in September, largely due to a staggering 50 percent drop in shipments to China, intensifying challenges for the luxury sector as global consumers curtail spending on high-end timepieces.
Britain to Publish Online Safety Demands for Platforms in December
Ofcom announced that starting in December, social media companies must take decisive action against illegal content on their platforms.
Former Off-White Head Andrea Grilli Appointed CEO at Pharrell’s Humanrace
Grilli will join the company effective immediately, replacing founding chief executive officer Rachel Muscat.
i-D Magazine Names Global Creative Director and Editorial Director
Former Dazed and Confused art director Jamie Reid and Ssense head of digital content Steff Yotka will join the cult magazine, in the midst of a revamp under new owner Karlie Kloss.
Prada and Axiom Team Up on Space Suit for Moon Mission
Italian luxury group Prada and Houston-based startup Axiom Space unveiled on Wednesday the design of a spacesuit that will be used for NASA’s Artemis 3 mission planned for 2026.
Reformation Launches Jewellery Line Designed by Clare Waight Keller
The fashion brand has launched its inaugural jewellery collection, crafted from recycled materials and inspired by 1920s Paris.
Shein Adds More Banks to Arrange London Listing
Shein has added more banks to help arrange its potential initial public offering that could value the online fashion retailer at £50 billion ($65 billion), potentially one of the biggest listings in London in recent years, people familiar with the matter said.
Adidas Raises 2024 Guidance Again, Citing Good Brand Momentum
Adidas on Tuesday raised its full-year sales and profit guidance, citing better than expected performance in the third quarter and good brand momentum as it benefits from demand for its retro three-striped Samba and Gazelle shoes.