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
Sustainability
Allbirds Expands into Activewear
The direct-to-consumer brand known for its eco-conscious ethos and wool sneakers is venturing into the booming market for sportswear, expanding into the new category amid signs it is preparing to go public.
Entrepreneurship
The Road Ahead for Black Designers
Over the last year, unprecedented industry support has helped to level the playing field, but Black founders still face plenty of hurdles.
Retail
Under Armour Boosts Forecasts as Athletic Apparel Revenue More Than Doubles
Under Armour Inc raised its annual forecasts on Tuesday after its quarterly results topped estimates on strong demand for its athletic apparel and footwear, while customers return to gyms and yoga classes following easing of coronavirus curbs.
Global Markets
Arezzo & Co Acquires Streetwear Player BAW for $20.5 Million
The Brazilian footwear and accessories conglomerate purchased BAW, a digitally-native streetwear brand, for 105 million Brazilian reais ($20.5 million) last Friday.
Luxury
Christian Louboutin, Idris Elba and Sabrina Dhowre Elba Launch Charity Shoe Collection
Hoping to draw attention to issues after they are no longer “trending,” Louboutin and Elba along with his wife, the model Sabrina Dhowre Elba, are donating 100 percent of the proceeds to charities focused on preventing racial injustice.
Retail
Rothy’s Built a Cult Hero Product For Women. Can It Do the Same With Men?
The direct-to-consumer footwear company is releasing sneakers and loafers in a bid for the men’s footwear market.
Retail
Report: Authentic Brands Group Makes $1 Billion Bid for Reebok
If a deal materialises, the licensing company would add Reebok to a roster of brands such as Juicy Couture, Nine West and Frye. The New York Post
Retail
Vans Co-Founder Paul Van Doren Dies Aged 90
Van Doren, along with brother James Van Doren and business partners Gordon Lee and Serge Delia, started the Van Doren Rubber Company in 1966 in Anaheim, California.
Retail
Ssense Launches New Kidswear Assortment
As part of its Ssense Kids initiative, the e-commerce platform will stock gender-neutral clothing, accessories and footwear for children with sizes ranging from 0-3 months to 14 years old.
Retail
Birkenstock Adds Rare Default Protection Clause in Bond Deal
German Sandal maker Birkenstock has included a rare term in its debt documents to protect itself from hedge funds who might be tempted to take it down to collect compensation.
Luxury
A Company Paid $1.8 Million for Yeezy Sneakers So You Can Afford Them
On Monday, Sotheby’s announced it had brokered a $1.8 million sale of Kanye West’s Nike Air Yeezy 1 sneakers, making them the most expensive pair of
Retail
Nike Is Launching a Secondhand Footwear Programme
The sportswear giant is the latest company to expand into the circular economy with its products.
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.