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.
footwear
Luxury
Tod’s Sales Jump 40% in 2021, Beating Expectations
Sales at Italian fashion group Tod’s in 2021 rose by almost 40 percent, the first increase after five years of consecutive declines, beating market expectations.
Retail
Puma Sales Reach Record as Shoe Demand Overcomes Covid Snags
Puma said sales reached a record €6.8 billion ($7.7 billion) in 2021, up 32 percent on a constant-currency basis.
Retail
Sneaker Market StockX Taps Morgan Stanley, Goldman for IPO
StockX, an online exchange for sneakers and streetwear brands, is working with Morgan Stanley and Goldman Sachs Group Inc. on its planned US initial public offering, according to people with knowledge of the matter.
Technology
Op-Ed | Notes From an NFT Sceptic
Nike, Adidas and other big brands have plunged headlong into the latest crypto craze. But companies and their customers may soon discover converting virtual fashion into real-world profits isn’t so easy. Caveat emptor, says The NPD Group’s Matt Powell.
Retail
Crocs to Buy Footwear Brand HeyDude for $2.5 Billion
The deal, which is expected to close in the first quarter of 2022, would immediately add to Crocs’ revenue growth, margins and earnings, it said.
Retail
Alpargatas Buys 49.9% Stake in Rothy’s
Rothy’s, which will have a valuation of $1 billion with the transaction, will continue to operate independently, the companies said.
Retail
Nike Hedges Its Bets
This week, everyone will be talking about Nike’s plans to sell both virtual and physical sneakers, plus the tail end of the all-important holiday shopping season.
Luxury
How Today’s Hottest Shoe Designers Plan to Stay on Top
The recent popularity of colourful shoes from independent labels like Mach & Mach and Amina Muaddi, as well as Paris Texas, Arielle Baron, The Attico, Ancuta Sarca and Pīferi speaks to the post-pandemic hunger for novelty footwear.
Retail
Nike Tries to Ban Imports of Adidas Knit Shoes, Accusing It of Copying Designs
Nike Inc. is asking a US trade agency to block imports of a wide range of Adidas AG Primeknit shoes, saying they copy the Oregon company’s patented inventions for a knitted fabric that reduces waste without any loss in performance.
Retail
The Year Ahead: Consumers to Reboot Wardrobes for Post-Pandemic Life
Consumers will reallocate wallet share across fashion categories as pent-up demand for newness intersects with more social freedoms. Companies should prepare for this shift by honing data-driven product development and adjusting their inventory mix.
China
A New Era for China’s $15 Billion Streetwear Market
Luxury brands, local labels, major exhibitions and digital platforms are driving a more complex and increasingly fragmented streetwear sector in China.
Technology
Inside Adidas’ Billion-Dollar Digital Transformation
The German sneaker giant is investing for a new era of tech-enabled retail in a bid to close the gap with Nike.
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.