L’Oréal Joins Forces With Nykaa to Invest in Indian Beauty Brands
BOLD, the French conglomerate’s venture capital fund, will collaborate with retailer Nykaa to invest in the next generation of Indian beauty brands.
Moscow, Russia
Global Markets
The Banned App Driving Fashion Sales from Moscow to Tehran
Telegram has become an increasingly valuable marketing channel for fashion brands operating in markets like Russia and Iran, where restrictions on freedom of expression make the encrypted app wildly popular.
Retail
T.J.Maxx Owner TJX Buys Stake in Russian Retailer Familia
The acquisition comes after the low-cost apparel retailer enjoyed 24 percent turnover growth in the first nine months of 2019.
News & Analysis
Op-Ed | World Cup Semi-Finalists Test Adidas and Nike’s Fast Fashion Efforts
The advance of three unlikely teams — Croatia, Belgium and England — to the World Cup semi-finals has offered up its own test to the sportswear giants: how they’re coping with the shift to fast fashion.
News & Analysis
Adidas and the World Cup: Mass Appeal or Awkward Deal?
With this year’s FIFA World Cup embroiled in controversy, official brand partner Adidas is treading a fine line between Russian support and international scrutiny.
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News & Analysis
Inside The Fake News Campaign To Smear Russia's Biggest Fashion Influencers
"These days, the line between fact and fiction seems blurrier than ever, which has led to a climate particularly ripe for spreading conspiracy
Luxury
Why Russia Loves Counterfeit Fashion
In a new documentary, Highsnobiety explores Moscow's growing obsession for fake goods from designers including Louis Vuitton, Gucci and Adidas.
News & Analysis
Top Russian Shoe Retailer Prepares for Shoppers Return in 2018
The Russian footwear market is recovering and should reach pre-crisis levels by 2018.
Retail
Russia’s Luxury Market on the Mend
The country’s luxury market has recovered after two difficult years, helped mainly by domestic demand and rising sales to tourists, which will get a boost from a ‘tax-free’ scheme scheduled to come into force around February next year.
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Retail
KM20 Marks Launch of Moscow Mega Store with Off-White, Gosha and Vetements
To celebrate the Russian retailer’s new experiential 2,500-square metre space, KM20 is partnering with 14 brands on exclusive capsule collections.
News & Analysis
Op-Ed | The Cynical Realism of Demna, Gosha and Lotta
Underneath its tongue-in-cheek rejections of Western fashion norms, the realist ‘new Russian aesthetic’ of Demna Gvasalia, Gosha Rubchinskiy and Lotta Volkova is neither real nor new.
Retail
Opening Russia’s Retail Frontiers
While Moscow and St Petersburg account for most of Russia’s fashion retail spend, its provincial cities are an increasingly interesting opportunity.
News & Analysis
'Russia's Dior' Slava Zaitsev on his Mass Market Ambitions
Despite his age, Zaitsev is dreaming of venturing into the mass market.
The News in Brief
Private Equity Firm Inflexion Invests in Manucurist
The European investor, which previously backed Medik8, has taken a 49 percent stake in the premium French nail line.
H&M Profit Rises on Tariff Refunds as Sales Remain Sluggish
US tariff refunds drove an increase operating profit, even as the fast-fashion retailer has struggled to deliver consistent sales growth.
Arnault Clan to Change LVMH Holding Structure to Ensure Control
Under the plan, the world’s biggest luxury group will be controlled by one entity, Agache SCA, after Christian Dior SE, one of the current holding companies of LVMH, is delisted.
JD Sports Says Nike Turnaround Is Only a Matter of Time
Dominic Platt, chief financial officer of the British sportswear retailer, told Reuters, ‘Much as there's a lot of talk about Nike, it's still the most popular brand out there and it's still a very strong brand.’
Chanel Plans to Keep Investing in China Despite Demand Downturn
CEO Leena Nair pointed to the brand’s recent renovation of its Plaza 66 boutique in Shanghai, calling China ‘a market where the clients understand sophistication, refinement.’
Meta Expected to Unveil Smart Glasses Without Camera
Smart glasses have become a target of criticism in recent months amid growing concerns they can be used to record people without their consent.
Record Global Fibre Production Pushes Fashion’s Environmental Footprint Higher
Planet-warming emissions associated with the raw materials used to make fashion, footwear and home textiles have risen 30 percent since 2019, according to a new report.