Samsonite Buys Stake in Béis for $178.5 Million
Founder and actress Shay Mitchell will retain a 15 percent stake in Béis, which will become a Samsonite subsidiary after the deal closes.
e-commerce
Global Markets
Vietnam’s Luxury Market Is Heating Up
Gucci and Tiffany are among the brands investing in the Southeast Asian market with an increasingly wealthy and cosmopolitan consumer class.
Vietnam’s Luxury Market Is Heating Up
Gucci and Tiffany are among the brands investing in the Southeast Asian market with an increasingly wealthy and cosmopolitan consumer class.
Technology
Zalando Co-CEO on Bringing Data Science to Fashion Retail
AI is critical to how the German fashion giant matches millions of customers with the right product in the right fit.
Zalando Co-CEO on Bringing Data Science to Fashion Retail
AI is critical to how the German fashion giant matches millions of customers with the right product in the right fit.
Direct-to-Consumer
Case Study | Building a DTC Challenger Brand
Fashion entrepreneurs need a new playbook to launch, scale and differentiate their companies, as regulations and rising costs mean performance marketing can no longer serve the critical role it once did for DTC brands. Finding the right positioning and capturing market share can mean going back to the brand-building basics, as BoF profiles of Gymshark, Hodinkee and Mejuri show.
Case Study | Building a DTC Challenger Brand
Fashion entrepreneurs need a new playbook to launch, scale and differentiate their companies, as regulations and rising costs mean performance marketing can no longer serve the critical role it once did for DTC brands. Finding the right positioning and capturing market share can mean going back to the brand-building basics, as BoF profiles of Gymshark, Hodinkee and Mejuri show.
Retail
Amazon Faces Record Challenges at Shareholder Meeting
The increase in the number of resolutions underscores the rise of environmental, social and corporate governance (ESG)-based investing, which is spurring more shareholders to push for corporate accountability.
Amazon Faces Record Challenges at Shareholder Meeting
The increase in the number of resolutions underscores the rise of environmental, social and corporate governance (ESG)-based investing, which is spurring more shareholders to push for corporate accountability.
Global Markets
Russians Turn To Domestic Clothing Brands Amid Western Exodus
Sales of clothes, footwear and accessories by Russian brands and manufacturers were 2.6 times higher in March and April than in the same months last year, Ozon, Russia’s second-largest e-commerce platform, said.
Russians Turn To Domestic Clothing Brands Amid Western Exodus
Sales of clothes, footwear and accessories by Russian brands and manufacturers were 2.6 times higher in March and April than in the same months last year, Ozon, Russia’s second-largest e-commerce platform, said.
Sports
Growing International Sales Boost Gymshark Revenue and Profits
The UK-based activewear brand reported a 54 percent increase in revenue in the year ending July 31 2021.
Growing International Sales Boost Gymshark Revenue and Profits
The UK-based activewear brand reported a 54 percent increase in revenue in the year ending July 31 2021.
Retail
Is This the Beginning of the End for Free Returns?
For much of the last two decades, online retailers have competed to offer cheaper, more convenient shopping experiences. What happens when one of the world’s biggest apparel sellers bucks the trend?
Is This the Beginning of the End for Free Returns?
For much of the last two decades, online retailers have competed to offer cheaper, more convenient shopping experiences. What happens when one of the world’s biggest apparel sellers bucks the trend?
Retail
THG Shares Surge on Takeover Interest From Entrepreneur Candy
THG had late on Thursday rebuffed a proposal of 170 pence per share from Belerion Capital and King Street Capital Management, saying it undervalued the company.
THG Shares Surge on Takeover Interest From Entrepreneur Candy
THG had late on Thursday rebuffed a proposal of 170 pence per share from Belerion Capital and King Street Capital Management, saying it undervalued the company.
Retail
Calida Group Acquires Lingerie Brand Cosabella
The Swiss intimates company, which also owns German brands Aubade and On My Skin, acquired the American lingerie label for $80 million.
Calida Group Acquires Lingerie Brand Cosabella
The Swiss intimates company, which also owns German brands Aubade and On My Skin, acquired the American lingerie label for $80 million.
Beauty
The Search for the Next Skin Care Trend
Garance Doré, one of the original fashion bloggers, is launching a brand that embraces simple, French-inspired beauty routines, in a market where multi-stage regimens are the norm.
The Search for the Next Skin Care Trend
Garance Doré, one of the original fashion bloggers, is launching a brand that embraces simple, French-inspired beauty routines, in a market where multi-stage regimens are the norm.
China
JD.com Beats Quarterly Revenue Estimates on Increased E-Commerce Demand
The resurgence of Covid-19 in the world’s second-largest economy and its strict lockdown regulations have revived online sales demand, helping e-commerce companies return to growth seen during the early stages of the pandemic.
JD.com Beats Quarterly Revenue Estimates on Increased E-Commerce Demand
The resurgence of Covid-19 in the world’s second-largest economy and its strict lockdown regulations have revived online sales demand, helping e-commerce companies return to growth seen during the early stages of the pandemic.
Retail
Why Brands Are Racing Into Resale — in Five Charts
Hundreds of fashion companies are looking to build their own resale channels, giving rise to a new class of B2B start-ups that aim to help them navigate the nascent industry.
Why Brands Are Racing Into Resale — in Five Charts
Hundreds of fashion companies are looking to build their own resale channels, giving rise to a new class of B2B start-ups that aim to help them navigate the nascent industry.
The News in Brief
Tapestry Forecasts Strong Annual Profit as Coach Remains Hot
Resilient demand for Coach bags among young and affluent shoppers helped buoy the group, but weakness at Kate Spade led the company to forecast muted annual revenue.
US Seeks Sentence for Founder of Fashion-Tech Company CaaStle
Prosecutors compared Christine Hunsicker to Elizabeth Holmes as they sought a 12.5 year prison sentence in the $300 million securities fraud case.
Shein Loses UK Copyright Lawsuit Against Temu Over Clothing Photos
The ultra-fast fashion platform lost the first round of a London legal battle against its rival for alleged copyright infringement in relation to photos of some of its products.
Birkenstock Nudges Forecast Higher on Solid Sandal Demand
The German brand bumped its sales forecast to the upper limit of its target range and posted strong quarterly earnings as consumers snapped up its sandals and clogs.
Richemont’s Panerai Brand Gets No Relief From Luxury Watch Revival
As the secondary market for timepieces rebounds, Cartier is grabbing buyer attention and there’s renewed enthusiasm around Vacheron Constantin, throwing the lack of interest in Panerai into stark contrast.
Allies of Skin’s Founder Nicolas Travis Has Resigned
The Singapore-based luxury skincare brand has also appointed Alicia Valencia as interim president.
Fabletics Seeks to Double Revenue to $2 Billion in Global Expansion
The US-based activewear brand plans to double annual revenue to $2 billion within five years, in part by opening dozens of new stores in markets such as India, Mexico and the United Arab Emirates.