Kering Names Sabina Belli Italy Chief and New CEOs For Pomellato and DoDo
Charlotte Fournet will head Pomellato and Krizia Cucurachi will lead DoDo as Luca de Meo continues his management reshuffle, tapping insiders for the key roles
investment
Global Markets
Afrikrea Raises $6.2 Million in New Funding, Rebrands to Anka
The e-commerce platform, which aims to bring African-made products to a global audience, has completed a $6.2 million pre-Series A funding round led by Investisseurs & Partenaires.
Afrikrea Raises $6.2 Million in New Funding, Rebrands to Anka
The e-commerce platform, which aims to bring African-made products to a global audience, has completed a $6.2 million pre-Series A funding round led by Investisseurs & Partenaires.
Beauty
Beiersdorf to Acquire Beauty Brand Chantecaille
Depending on Chantecaille’s future performance, the enterprise value of the deal could range from $590 million to $690 million, Beiersdorf said.
Beiersdorf to Acquire Beauty Brand Chantecaille
Depending on Chantecaille’s future performance, the enterprise value of the deal could range from $590 million to $690 million, Beiersdorf said.
China
Chinese Streetwear Incubator Raises $10 Million in New Funding
The company was established in July and focuses on cross-boarder streetwear brands and celebrity-related merchandise.
Chinese Streetwear Incubator Raises $10 Million in New Funding
The company was established in July and focuses on cross-boarder streetwear brands and celebrity-related merchandise.
Global Markets
Reliance Brands Inks Joint Venture With Indian Designer Anamika Khanna
The joint venture will control and develop Khanna’s AK-OK label, with RBL taking a majority 60 percent stake in the new company and Khanna remaining as creative director of the label.
Reliance Brands Inks Joint Venture With Indian Designer Anamika Khanna
The joint venture will control and develop Khanna’s AK-OK label, with RBL taking a majority 60 percent stake in the new company and Khanna remaining as creative director of the label.
Luxury
Exclusive: Self-Portrait Founder Acquires Roland Mouret
Designer Han Chong is looking to build his own fashion group.
Exclusive: Self-Portrait Founder Acquires Roland Mouret
Designer Han Chong is looking to build his own fashion group.
Luxury
LVMH to Buy Marcolin’s 49 Percent Stake in Joint-Venture Thelios
France’s LVMH has reached an agreement with Italian group Marcolin to buy a 49 percent stake in Thelios, increasing its holding in the upscale Italian eyewear manufacturer for labels including Dior, Fendi and Celine.
LVMH to Buy Marcolin’s 49 Percent Stake in Joint-Venture Thelios
France’s LVMH has reached an agreement with Italian group Marcolin to buy a 49 percent stake in Thelios, increasing its holding in the upscale Italian eyewear manufacturer for labels including Dior, Fendi and Celine.
China
Cathay Capital Joins With Kering, L’Oréal to Launch China Fund
The Cathay Consumer Co-creation Fund plans to invest and incubate early-stage Chinese companies with high-growth potential in the consumer goods and retail sectors.
Cathay Capital Joins With Kering, L’Oréal to Launch China Fund
The Cathay Consumer Co-creation Fund plans to invest and incubate early-stage Chinese companies with high-growth potential in the consumer goods and retail sectors.
Topics
Private Equity Firm L Catterton Sets $7.8 Billion Fundraising Goal
The LVMH-backed firm is pitching a buyout fund — which would fund transactions in which the firm takes a controlling stake of a business — to investors, hoping to raise $6.5 billion.
Private Equity Firm L Catterton Sets $7.8 Billion Fundraising Goal
The LVMH-backed firm is pitching a buyout fund — which would fund transactions in which the firm takes a controlling stake of a business — to investors, hoping to raise $6.5 billion.
Beauty
Nestlé Trims L’Oréal Stake With $10 Billion Sale
The Nescafe maker said on Tuesday it would cut its stake in L’Oréal to about 20 percent by selling shares worth €8.9 billion ($10 billion) back to the French cosmetics brand.
Nestlé Trims L’Oréal Stake With $10 Billion Sale
The Nescafe maker said on Tuesday it would cut its stake in L’Oréal to about 20 percent by selling shares worth €8.9 billion ($10 billion) back to the French cosmetics brand.
China
Chinese Sportswear Upstart Maia Active Raises $15.7 Million
The Shanghai-based, woman-focussed sportswear brand has raised nearly 100 million yuan in a series C round of financing, led by Belle International.
Chinese Sportswear Upstart Maia Active Raises $15.7 Million
The Shanghai-based, woman-focussed sportswear brand has raised nearly 100 million yuan in a series C round of financing, led by Belle International.
Sustainability
The Year Ahead: Paving the Way for Closed-Loop Recycling
The scaling of closed-loop recycling could help reduce fashion’s environmental impact at the materials level. The technologies to make this happen are maturing, creating an opportunity for companies to embed them in a product’s design phase while adopting processes to enable scaling.
The Year Ahead: Paving the Way for Closed-Loop Recycling
The scaling of closed-loop recycling could help reduce fashion’s environmental impact at the materials level. The technologies to make this happen are maturing, creating an opportunity for companies to embed them in a product’s design phase while adopting processes to enable scaling.
Partner Content
Reimagining Funding to Democratise Fashion Entrepreneurship
Clearco has invested more than $2.4 billion in over 6,000 businesses, leveraging AI to remove the bias. Its portfolio has eight times more women-founded businesses than traditional VC firms and 30 percent of founders are people of colour.
Reimagining Funding to Democratise Fashion Entrepreneurship
Clearco has invested more than $2.4 billion in over 6,000 businesses, leveraging AI to remove the bias. Its portfolio has eight times more women-founded businesses than traditional VC firms and 30 percent of founders are people of colour.
The News in Brief
Wella Files For US IPO
The owner of Ghd and OPI, backed by investment firm KKR, plans to list on the New York Stock Exchange.
Shein Prices Hong Kong IPO Below Top End of Range, Raises $1.74 Billion
Existing investors in the fast-fashion giant who participated in the offer include billionaire Michael Bloomberg's family office Willett Advisors, French billionaire entrepreneur and investor Xavier Niel and Microsoft Corp.
Amazon Sued by FTC Over Claims It Misled Advertisers on Pricing
The FTC and several state attorneys general have been investigating claims that Amazon had not properly disclosed the terms and pricing related to its ads.
Kris Van Assche Relaunches His Fashion Label
The former creative director of Dior Homme and Berluti is bringing back his namesake brand with designs for men and women.
Shein Shares Plunge Up to 17% on Grey Market Ahead of Hong Kong Debut
More than 63 million shares changed hands leading up to the formal debut on Tuesday.
Semcap Invests in UK Wellness Platform Healf
The private equity firm’s beauty and wellness division, led by Vasiliki Petrou, has made a minority investment in the fast-growing e-tailer.
Victoria Beckham Swings to Profit
The fashion and beauty brand flagged strong demand for tailoring, occasion wear and elevated daywear as it posted a 15 percent rise in annual sales.