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.
investment
Beauty
S&P Downgrades Anastasia Beverly Hills After Missed Payment
The Los Angeles-based beauty brand’s credit rating has been lowered to ‘D’ by the agency.
S&P Downgrades Anastasia Beverly Hills After Missed Payment
The Los Angeles-based beauty brand’s credit rating has been lowered to ‘D’ by the agency.
Beauty
Oneskin Announces $20 Million Investment From Prelude Growth Partners
The premium skincare brand will use the funds to further product development and support a slate of new hires.
Oneskin Announces $20 Million Investment From Prelude Growth Partners
The premium skincare brand will use the funds to further product development and support a slate of new hires.
Beauty
Premium Body Care Line Uni Announces L’Oréal Investment, Ulta Beauty Entry
Founder Alexandra Keating spoke to The Business of Beauty about the funding round, which included L’Oréal’s venture capital arm BOLD among other notable investors, and how it will power the prestige body care line’s next phase of growth.
Premium Body Care Line Uni Announces L’Oréal Investment, Ulta Beauty Entry
Founder Alexandra Keating spoke to The Business of Beauty about the funding round, which included L’Oréal’s venture capital arm BOLD among other notable investors, and how it will power the prestige body care line’s next phase of growth.
Beauty
Mexican Cosmetics Brand Sarelly Sarelly Secures $3 Million Seed Round
The funding will support the startup’s US expansion and growing retail presence in Mexico.
Mexican Cosmetics Brand Sarelly Sarelly Secures $3 Million Seed Round
The funding will support the startup’s US expansion and growing retail presence in Mexico.
Beauty
Reliance Retail Invests in Facial Chain Facegym
The partnership will bring Facegym’s signature treatments to the Indian market through both standalone studios and spaces within its Tira beauty stores.
Reliance Retail Invests in Facial Chain Facegym
The partnership will bring Facegym’s signature treatments to the Indian market through both standalone studios and spaces within its Tira beauty stores.
Technology
How Investors Fell Back in Love With Fashion Tech
With the rise of AI, Silicon Valley is going all in on a new generation of startups that promise to radically change how products are made and sold. This time, they’re backing founders with tech chops and are more patient in helping them grow.
How Investors Fell Back in Love With Fashion Tech
With the rise of AI, Silicon Valley is going all in on a new generation of startups that promise to radically change how products are made and sold. This time, they’re backing founders with tech chops and are more patient in helping them grow.
Retail
Dôen Raises Series A Funding Led by Silas Capital
The funding round marks the first time the Los Angeles-based womenswear brand raised outside capital after its initial $1 million seed round. The new capital will go towards its retail expansion.
Dôen Raises Series A Funding Led by Silas Capital
The funding round marks the first time the Los Angeles-based womenswear brand raised outside capital after its initial $1 million seed round. The new capital will go towards its retail expansion.
Technology
Outdoor Voices’ Founder Raises Series A for New Start-Up
Ty Haney’s social shopping platform Try Your Best, which counts Rare Beauty and Glossier as clients, raised an $11 million Series A as brands rev up their community building strategies.
Outdoor Voices’ Founder Raises Series A for New Start-Up
Ty Haney’s social shopping platform Try Your Best, which counts Rare Beauty and Glossier as clients, raised an $11 million Series A as brands rev up their community building strategies.
Beauty
Beauty’s Hottest New Trend: The Founder Buyback
Original influencer Huda Kattan has regained majority ownership of her namesake beauty brand and sent a message to the greater industry: When it’s time to course-correct, you need your best driver.
Beauty’s Hottest New Trend: The Founder Buyback
Original influencer Huda Kattan has regained majority ownership of her namesake beauty brand and sent a message to the greater industry: When it’s time to course-correct, you need your best driver.
Beauty
Wonderskin Secures $50 Million Series A Round
Known for its TikTok-viral lip stain, the UK and US makeup brand has received an influx of cash from VC firm Insight Partners, known for its investments in Quince and Prose.
Wonderskin Secures $50 Million Series A Round
Known for its TikTok-viral lip stain, the UK and US makeup brand has received an influx of cash from VC firm Insight Partners, known for its investments in Quince and Prose.
Sustainability
Lab-Grown Leather Startup Faircraft Acquires Kering-Backed VitroLabs
VitroLabs’ primary assets are 30 patents that Faircraft said would strengthen its capacity to commercialise a technology that has been tricky to bring to market.
Lab-Grown Leather Startup Faircraft Acquires Kering-Backed VitroLabs
VitroLabs’ primary assets are 30 patents that Faircraft said would strengthen its capacity to commercialise a technology that has been tricky to bring to market.
Luxury
Mytheresa Finalises YNAP Acquisition
The combined companies will start trading under the name LuxExperience on the New York Stock Exchange by May 1.
Mytheresa Finalises YNAP Acquisition
The combined companies will start trading under the name LuxExperience on the New York Stock Exchange by May 1.
The News in Brief
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.
Supergoop Announces Chief Commercial Officer
The sunscreen label has appointed former Coty executive Jamie Parker to the newly created role as it gears up to become a “global skin health company.”
Mytheresa Owner’s Sales Rise as Ultra Wealthy Keep Shopping
LuxExperience posted a rise in sales as the luxury multibrand platform’s strategy of catering to the ultra wealthy helped it navigate a difficult environment for high-end fashion.
The Independents Acquires Production Studio Smuggler
The global collective has brought film studio Smuggler under its umbrella to bolster its entertainment capabilities.
L’Oréal Steals French Stock Market Crown From LVMH
The cosmetics group became France’s most valuable listed company on Tuesday, the first time since 2017 that a non-luxury company has claimed the top spot at the end of a trading day.
Authentic Brands Targets Creator Economy, Eyes Public Offering
The licensor could pursue an IPO as early as the first half of next year.
Vogue Mexico and Latin America Editor-in-Chief Karla Martinez de Salas to Step Down
The industry veteran is joining Latino-focused media platform Avance Global to establish a new lifestyle brand that will span fashion, design, travel, food, culture and entertainment.