Beiersdorf Sales Slightly Miss Expectations on Nivea Weakness
The German consumer goods maker marginally missed market expectations for third-quarter sales growth on Tuesday, with its key Nivea brand posting a third straight quarterly sales decline.
funding
News & Analysis
A Social Shopping App That's like a Mix of Ebay and Instagram Just Raised $62 Million to Triple Its Us Users
"Throughout its rapid growth, it has kept its sights firmly fixed on its core customer: Gen Z."
Financial Markets
Start-Up School: How to Write a Business Plan
A step-by-step guide to formulate your business strategy to kick-start your fashion company.
Entrepreneurship
Start-Up School | Chapter 2: Fund Your Business for Growth
A few lucky founders have all the money they need to launch their business. Everyone else needs outside funding. Founders must consider not only how much cash they need to raise, but which investors to bring in, and on what terms.
Financial Markets
Why Levi's Is Worth $8 Billion
With a market capitalisation of $8 billion, the original blue jean maker plans to open new stores, develop fabric technology, offer more points of customisation for customers and improve its e-commerce experience.
News & Analysis
Rent the Runway Aims to Be ‘Amazon Prime of Rental’
The ‘Netflix for fashion’ platform has raised $125 million in a deal that values the company at $1 billion.
Financial Markets
Glossier Raises $100 million After Sales Double
The millennial-favorite cosmetics company doubled sales last year and is now valued at $1.2 billion, reports say.
News & Analysis
Flowerbx Raises $5.5 Million to Launch in US
The London-based delivery service is counting on its relationships with fashion brands to make a splash in New York this May.
News & Analysis
Rebag’s Plan to Take Second-Hand Luxury Mainstream
The handbag reseller raised $25 million in its latest funding round, aiming to triple the size of the company and open 30 more stores.
News & Analysis
With $30 Million Round, Cuyana Eyes US Expansion
The leather accessories startup has its latest funding from private equity firm H.I.G. Capital, and plans to use the capital to open new stores and improve its supply chain.
News & Analysis
Debenhams Looks for Fresh Funding After Weak Christmas Sales
The British department store chain's failure to keep pace with consumers moving online and to cheaper outlets has hammered its shares and wiped 80 percent off its market value.
News & Analysis
H&M Backs AI-Powered Men’s E-tailer Thread
The London-based men’s personal styling service has raised a $22 million Series B round led by H&M’s venture arm.
Luxury
Tamara Mellon Plots Next Steps
The direct-to-consumer footwear brand is opening its first brick-and-mortar store in Los Angeles after a $24 million Series B funding round.
The News in Brief
Audemars Piguet to Certify Its Pre-Owned Watches Following Rolex
Whereas Rolex is both a buyer and seller of its second-hand watches through official retail partners, Audemars is setting up a marketplace where sellers set prices.
Mike Ashley’s Frasers Says It’s Taken Control of Hugo Boss
The British retail group has pushed its stake in the German apparel brand above 50 percent in a move that will turn Hugo Boss into a subsidiary of Frasers.
Shein Agrees to Pay $100 Million to Settle US FTC Probe
The settlement, equivalent to 44 percent of the ultra fast-fashion company’s second-quarter profit, is the latest blow amid regulatory and tax crackdowns in Europe and the US that have hampered Shein’s growth.
Kering Drops 12% as Luxury Braces for Tough Winter
The recovery long promised by luxury brands seems nowhere in sight, as the expansion of war in the Middle East, along with China’s tax crackdown on the wealthy, piled further pressure on the world’s biggest luxury conglomerates in the third quarter, and executives buckled in for a tough winter.
UK Retail Sales Fall 0.4% in September, More Than Forecast
Sales fell in September as above-average temperatures hit demand for autumn clothing.
Elle Launches Moroccan Edition
Hitting newsstands in October, the magazine marks Elle’s 51st international edition, published under licence by the Geomedia group.
David’s Bridal Plans Spinoff and IPO of AI Wedding Planning Platform Pearl
Pearl, a subsidiary of David’s Bridal, will own David’s Bridal and license its intellectual property back to the bridalwear brand. David’s Bridal CEO Kelly Cook will serve as Pearl’s CEO.