Asos Names Law Roach ‘Stylist in Residence’
Online fashion retailer Asos has brought on celebrity stylist Law Roach to bring his creative lens and styling approach to its campaigns and recently relaunched magazine.
investment
Beauty
L’Oréal Joins $38.6 Million Funding Round For Biotech Start-up Abolis
The French cosmetics conglomerate has backed a number of biotech firms as it looks to secure a fresh crop of future-proofed ingredients.
L’Oréal Joins $38.6 Million Funding Round For Biotech Start-up Abolis
The French cosmetics conglomerate has backed a number of biotech firms as it looks to secure a fresh crop of future-proofed ingredients.
Luxury
Mytheresa Grows Sales Amid Continued Focus on Top Clients
After surviving the luxury e-commerce slowdown this year, Mytheresa is preparing for the future by introducing new initiatives to retain its stronghold on its highest spending customers.
Mytheresa Grows Sales Amid Continued Focus on Top Clients
After surviving the luxury e-commerce slowdown this year, Mytheresa is preparing for the future by introducing new initiatives to retain its stronghold on its highest spending customers.
Luxury
Chanel Owners and L’Oréal Heir Investing in Olsens’ The Row
The Wertheimer family and Francoise Bettencourt Meyers’ Tethys Invest have acquired minority stakes in The Row, valuing the Olsen sisters’ luxury label at approximately $1 billion, with Imaginary Ventures also joining the investment.
Chanel Owners and L’Oréal Heir Investing in Olsens’ The Row
The Wertheimer family and Francoise Bettencourt Meyers’ Tethys Invest have acquired minority stakes in The Row, valuing the Olsen sisters’ luxury label at approximately $1 billion, with Imaginary Ventures also joining the investment.
Beauty
A Deodorant Brand Bets on The ‘Aesop Effect’
Daniel Bense, a former Aesop executive, is putting his learnings from the Australian megabrand to work in a new premium personal care company.
A Deodorant Brand Bets on The ‘Aesop Effect’
Daniel Bense, a former Aesop executive, is putting his learnings from the Australian megabrand to work in a new premium personal care company.
Luxury
The Coach-Michael Kors Deal Has Its Day in Court
Hours before its runway show during New York Fashion Week on Monday, Coach’s parent company, Tapestry, faced off with the FTC to prove its $8 billion acquisition of Michael Kors’ owner Capri isn’t anti-competitive.
The Coach-Michael Kors Deal Has Its Day in Court
Hours before its runway show during New York Fashion Week on Monday, Coach’s parent company, Tapestry, faced off with the FTC to prove its $8 billion acquisition of Michael Kors’ owner Capri isn’t anti-competitive.
Beauty
The Body Shop’s Remaining UK Stores Saved After Rescue Deal Agreed
The Body Shop has been rescued from administration by a consortium led by the British cosmetics tycoon Mike Jatania in a deal that will keep the ethical beauty brand’s remaining 113 UK stores trading.
The Body Shop’s Remaining UK Stores Saved After Rescue Deal Agreed
The Body Shop has been rescued from administration by a consortium led by the British cosmetics tycoon Mike Jatania in a deal that will keep the ethical beauty brand’s remaining 113 UK stores trading.
Luxury
Why Theophilio Is Giving Fashion Week Another Shot
The New York-based label will return to the schedule after a three-season hiatus. This time around, the business is in a much healthier financial state, said designer Edvin Thompson, and is now eyeing a supply chain expansion.
Why Theophilio Is Giving Fashion Week Another Shot
The New York-based label will return to the schedule after a three-season hiatus. This time around, the business is in a much healthier financial state, said designer Edvin Thompson, and is now eyeing a supply chain expansion.
Beauty
Report: Unilever Mulls Sale of Kate Somerville and Ren Clean Skincare
Unilever is looking to dispose of the two prestige skincare brands, and has retained Pricewaterhousecoopers to explore a sale, per Sky News.
Report: Unilever Mulls Sale of Kate Somerville and Ren Clean Skincare
Unilever is looking to dispose of the two prestige skincare brands, and has retained Pricewaterhousecoopers to explore a sale, per Sky News.
Retail
Walmart Sells $3.74 Billion JD.com Stake to Focus on Its Own China Operations
The US retail giant plans to double down on its warehouse business Sam’s Club in China after the stake sale that underscores the country’s e-commerce sector, once an investor darling, is losing its appeal as it grapples with poor margins due to brutal price competition and weak consumer demand.
Walmart Sells $3.74 Billion JD.com Stake to Focus on Its Own China Operations
The US retail giant plans to double down on its warehouse business Sam’s Club in China after the stake sale that underscores the country’s e-commerce sector, once an investor darling, is losing its appeal as it grapples with poor margins due to brutal price competition and weak consumer demand.
Beauty
Berkshire Hathaway Takes Stake in Ulta Beauty
Berkshire added 690,106 shares of Ulta and 1.04 million shares of Heico, according to a regulatory filing.
Berkshire Hathaway Takes Stake in Ulta Beauty
Berkshire added 690,106 shares of Ulta and 1.04 million shares of Heico, according to a regulatory filing.
Entrepreneurship
How to Grow a $100 Million Brand: Reinforcing Your Foundation | BoF Insights
In the third and final part of this series, BoF Insights spoke with investors and brand leaders about how to secure future growth before pursuing costly expansion activities in today’s tough financing environment.
How to Grow a $100 Million Brand: Reinforcing Your Foundation | BoF Insights
In the third and final part of this series, BoF Insights spoke with investors and brand leaders about how to secure future growth before pursuing costly expansion activities in today’s tough financing environment.
Beauty
Rōz Hair Care Secures Growth Equity Investment From Silas Capital and G9 Ventures
Silas Capital and G9 Ventures participated in the seed round, joining celebrity angel investors Mila Kunis, Lily Collins and Zoe Saldana.
Rōz Hair Care Secures Growth Equity Investment From Silas Capital and G9 Ventures
Silas Capital and G9 Ventures participated in the seed round, joining celebrity angel investors Mila Kunis, Lily Collins and Zoe Saldana.
The News in Brief
Boohoo’s New Chairman Stirs Controversy as Broker Drops Coverage
The online clothing retailer, which rebranded as Debenhams Group last year, said Friday that Iain McDonald had taken over from Tim Morris with immediate effect in a move aimed at ‘rebuilding equity value.’
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.
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.