The News In Brief
Silas Capital, Unilever Ventures Invest in Skincare Brand Oak Essentials
The premium beauty line founded by US clothing designer Jenni Kayne has taken on the investment to boost its marketing, distribution and product development efforts.
LVMH’s Head of Selective Retailing Is Set to Leave Luxury Group
Chris de Lapuente, head of LVMH’s selective retailing division that includes Sephora and Parisian department stores, is set to leave the luxury group, with an announcement expected this week.
Telfar to Launch Real Leather Bags
The brand, known for its perpetually sold-out “Bushwick Birkin” totes made from vegan leather, is launching a range of pebble leather bags, priced as high as $960.
Alberta Ferretti Steps Down From Her Brand
The Italian designer is stepping down as creative director of her eponymous brand, with plans to name a successor soon.
US Labor Department Reaches Out to Employer Group Amid Possible Port Strike
The strike, which could start as early as Oct. 1, could result in the closure of some of the busiest ports in the US, including the port of New York and New Jersey.
Ludovic de Saint Sernin to Guest Design Jean Paul Gaultier Couture
The designer will show during Paris’ haute couture week in January.
Next Warns of Store Closures After Losing Equal Pay Claim
The company has warned that it may need to close stores if it loses an appeal in a significant equal pay case that highlighted pay disparities between its predominantly female shop-floor staff and male warehouse workers.
Former Harrods Boss Al Fayed Raped, Abused Women, BBC Says
Five women have accused former Harrods owner Mohamed Al Fayed of rape, while over 20 others claim sexual assault during his tenure at the luxury department store.
Hong Kong’s K11 Musea Mall Expands Luxury Offering
Luxury brands owned by LVMH and Kering are among those expanding or upgrading their presence at the mall as owner New World Development bets on a rebound in the premium retail sector.
British Fashion Council CEO Caroline Rush to Step Down
On Thursday, the British Fashion Council (BFC) announced that CEO Caroline Rush will step down from her position from June 2025, ending a 16-year run.
Next Ups Profit Guidance on International Growth
The British retailer forecast annual profits £15 million higher than previously expected.
Dazed Media Names New Executive Director
Dan Fitzgerald will lead the company’s commercial partnerships across its digital and print publications.