Luxury Perfume Line Roja London Acquired by Extravaganza Beauty
Master perfumer and founder Roja Dove will remain with the brand in a new consultancy role.
investment
Global Markets
Fashion Trust Arabia Names Prize Winners in Qatar
Designers from Morocco, Saudi Arabia and Bahrain were among those to receive a financial grant of between $100,000 and $200,000 at the Doha ceremony.
Fashion Trust Arabia Names Prize Winners in Qatar
Designers from Morocco, Saudi Arabia and Bahrain were among those to receive a financial grant of between $100,000 and $200,000 at the Doha ceremony.
Beauty
Women’s Supplement Brand Perelel Announces $27 Million Investment
The funding led by Prelude Growth Partners comes as fertility and hormonal health become a growing focus for investors.
Women’s Supplement Brand Perelel Announces $27 Million Investment
The funding led by Prelude Growth Partners comes as fertility and hormonal health become a growing focus for investors.
Global Markets
India’s RPSG Ventures Acquires 40% Stake in Falguni Shane Peacock
The media-to-chemicals conglomerate has valued the luxury fashion brand’s parent FSP Design Private Limited at $54.6 million.
India’s RPSG Ventures Acquires 40% Stake in Falguni Shane Peacock
The media-to-chemicals conglomerate has valued the luxury fashion brand’s parent FSP Design Private Limited at $54.6 million.
Luxury
Kering Must Downsize, Reduce Gucci Exposure and Chase Synergies, CEO de Meo Says in Memo
Luca de Meo calls for store closures, recalibrated pricing and a push to grow brands beyond Gucci as the group works to return to sustainable growth.
Kering Must Downsize, Reduce Gucci Exposure and Chase Synergies, CEO de Meo Says in Memo
Luca de Meo calls for store closures, recalibrated pricing and a push to grow brands beyond Gucci as the group works to return to sustainable growth.
Retail
Target Investors Brace for Market Share Drop
Target's third‑quarter results on Wednesday are expected to lay bare the retailer’s struggles amid mounting economic uncertainty, and as cash-strapped Americans slashed discretionary spending during the prolonged government shutdown.
Target Investors Brace for Market Share Drop
Target's third‑quarter results on Wednesday are expected to lay bare the retailer’s struggles amid mounting economic uncertainty, and as cash-strapped Americans slashed discretionary spending during the prolonged government shutdown.
Global Markets
The Bank Investing Millions in Africa’s Fashion Industry
Cairo-based Afreximbank is funding projects across the continent, from textile and garment manufacturing facilities in Benin and Nigeria to export programmes for designer brands from Kenya, Ghana and beyond.
The Bank Investing Millions in Africa’s Fashion Industry
Cairo-based Afreximbank is funding projects across the continent, from textile and garment manufacturing facilities in Benin and Nigeria to export programmes for designer brands from Kenya, Ghana and beyond.
Retail
Nigo’s Streetwear Brand Human Made Prices Tokyo IPO at Top End
The pricing implies the IPO, which included the sale of shares from existing shareholders like Nigo and Pharrell Williams, raised 17.8 billion yen ($115 million).
Nigo’s Streetwear Brand Human Made Prices Tokyo IPO at Top End
The pricing implies the IPO, which included the sale of shares from existing shareholders like Nigo and Pharrell Williams, raised 17.8 billion yen ($115 million).
Beauty
Estée Lauder Invests in Mexican Fragrance Brand Xinú
The investment is the company’s first in a Latin American brand, and signals its intent to deepen its global diversification and presence in fragrance.
Estée Lauder Invests in Mexican Fragrance Brand Xinú
The investment is the company’s first in a Latin American brand, and signals its intent to deepen its global diversification and presence in fragrance.
Retail
Skims Secures $5 Billion Valuation
The shapewear label founded by Kim Kardashian announced it has obtained $225 million in financing on Wednesday.
Skims Secures $5 Billion Valuation
The shapewear label founded by Kim Kardashian announced it has obtained $225 million in financing on Wednesday.
Technology
How Small Brands Are Learning to Love AI
Startups are starting to use AI for everything from retail planning to inventory management, while mostly keeping the technology away from the creative parts of their business.
How Small Brands Are Learning to Love AI
Startups are starting to use AI for everything from retail planning to inventory management, while mostly keeping the technology away from the creative parts of their business.
Beauty
Thirteen Lune’s Legal Battle Comes to an End
The inclusive-centered beauty retailer and its founder Nyakio Grieco have been removed as defendants in a lawsuit brought by investors.
Thirteen Lune’s Legal Battle Comes to an End
The inclusive-centered beauty retailer and its founder Nyakio Grieco have been removed as defendants in a lawsuit brought by investors.
Direct-to-Consumer
Warby Parker’s Revenue, Profits Soar in Third Quarter
The eyewear maker’s net income more than tripled to $6 million during the period despite increased marketing spend as retail expansion continues to drive the business. But the brand lowered full-year revenue guidance amid ongoing macroeconomic uncertainty.
Warby Parker’s Revenue, Profits Soar in Third Quarter
The eyewear maker’s net income more than tripled to $6 million during the period despite increased marketing spend as retail expansion continues to drive the business. But the brand lowered full-year revenue guidance amid ongoing macroeconomic uncertainty.
The News in Brief
UK Retail Sales Bounce Back With 0.5% Gain in August
Warm weather and a brighter national mood helped lift spending on clothing and household goods despite rising energy bills.
EssilorLuxottica Gets Rare Sell Call Amid Stock Slump, AI Glasses Concerns
Shares in the eyewear giant, one of Europe's best-rated blue chips, have dropped 55 percent since November, while concerns are mounting over slowing growth and privacy issues for its AI glasses with Meta.
Olaplex Names New CEO
Christoph Kaul will succeed Amanda Baldwin, who led the hair care label through its acquisition by Henkel earlier this year.
Perelel Expands C-Suite, Tapping Rare Beauty’s CMO
Known for its prenatal vitamins, the wellness label has hired Rare Beauty's Ashley Murphy as its chief marketing officer, while Anjelika Temple moves into the chief creative officer role.
Swiss Watch Exports Grow for Fourth Month, Overcoming US Slump
Exports in August were buoyed by China and Japan, despite a sharp decline in shipments to the US.
Alexandre Arnault Joins Nike’s Board of Directors
The LVMH executive joins Nike’s board as the sportswear giant prepares to be removed from the S&P 100 index after nearly two decades.
Matthieu Blazy, Sarah Burton, Haider Ackermann Among Nominees for BFC Designer of the Year
The Fashion Awards ceremony, set for Nov. 30, will also recognise the BFC’s second Vanguard award recipient, recognising emerging British design talent.