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.
acquisition
News & Analysis
JD Sports Acquires Go Outdoors for £112.3 Million
The acquisition will complement JD Sports' existing interest in the outdoor market through its Blacks, Millets, Ultimate Outdoors and Tiso businesses.
China
Alibaba Buys a Third of Discount Chinese Grocery Chain Sanjiang
Alibaba Group Holding Ltd. will spend more than 2 billion yuan ($290 million) buying about a third of Sanjiang Shopping Club Co.
News & Analysis
Nordstrom Takes a Big Writedown on Trunk Club
"Earlier this month, Nordstrom wrote down the value of Trunk Club by more than half, taking a $197 million goodwill impairment charge. What went
News & Analysis
Report: Google Buys Shopping Search Startup to Make Images More Lucrative
Google last month quietly bought Undecidable Labs, a startup founded by a former Apple director that focused on turning online searches into purchases, according to a person familiar with the deal.
Beauty
Estée Lauder to Acquire Too Faced for $1.45 Billion
The acquisition of the millennial-focused cosmetics brand represents Estée Lauder's biggest deal yet.
News & Analysis
Blue Nile Selling to Private Firms for $500 million
The Seattle-based company is being bought for $40.75 per share by funds managed by Bain Capital Private Equity and Bow Street LLC.
News & Analysis
Report: Amazon to Consider Bid for Stake in Dubai’s Souq.com
The stake is said to represent at least 30 percent of the company.
Beauty
BoF Exclusive | Estée Lauder Buys Becca Cosmetics
The deal, in the realm of $200 million, is the latest in a string of indie-brand acquisitions made by the beauty conglomerate.
News & Analysis
On Heels of Vice Acquisition, Garage Appoints New Editor-in-Chief
Garage has named Thessaly La Force to the role of editor-in-chief. Founder Dasha Zhukova will become the title’s editorial director.
Luxury
Report: LVMH Investment Fund Approaches Italian Bicycle Maker Pinarello
Pinarello is considering options following a newspaper report that a investment fund backed by luxury-goods maker LVMH approached the company.
News & Analysis
LVMH to Buy Majority Stake in Germany's Rimowa For $716 Million
Alexandre Arnault, son of LVMH chairman Bernard Arnault, will become co-chief executive officer of Rimowa alongside Dieter Morszeck, who retains his 20 percent stake in the company.
Technology
Yahoo Japan Sought Merger With Yahoo Before Verizon Deal
Yahoo Japan Corp. proposed a “merger of equals” with Yahoo! Inc. but was rebuffed during a months-long process that eventually led to Verizon Communications Inc. acquiring the US internet company’s core assets for more than $4.8 billion
The News in Brief
Novo Nordisk Looks to Target Hair Loss in Consumer Push
The maker of Ozempic and Wegovy seeks to expand its direct-to-consumer pharmaceutical business as rival Eli Lilly outpaces in weight-loss drugs.
On Targets High-Teens Growth Through 2029
The Swiss brand revealed its plan to keep up its momentum with new products in sports such as golf and its Mbappé-supported entry into football ahead of its investor day Tuesday.
Reference Festival to Host ‘Freie Kunst’ Event at Art Basel Paris
The event runs from Oct. 22 to 25 and will mix participants from art, fashion, music and technology as part of the festival’s tradition of a ‘radical and unhinged exchange of ideas,’ said Mumi Haiati, founder of the event’s organiser Reference Studios.
Amazon Blocks Meta’s Muse AI Agent From Its Retail Site
The e-commerce giant prohibits other companies from deploying automated tools to shop its site and started blocking Meta’s Muse on Sunday night.
Dior to Host Cruise Show in Shanghai
The LVMH-owned megabrand will show its Cruise 2028 line in the Chinese fashion capital on May 14, 2027.
Oura Seeks $2.2 Billion in US IPO
The smart ring maker plans to market 50 million shares for $40 to $44 each, according to filings, which could value the company as high as $14.1 billion.
PR Agency CGC Launches Performance Media Division
Known for its premium beauty clients including Glossier and Hermès Beauty, the agency’s new division combines influencer marketing and AI insights.