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.”
investment
Technology
Inside Adidas’ Billion-Dollar Digital Transformation
The German sneaker giant is investing for a new era of tech-enabled retail in a bid to close the gap with Nike.
Inside Adidas’ Billion-Dollar Digital Transformation
The German sneaker giant is investing for a new era of tech-enabled retail in a bid to close the gap with Nike.
Retail
Britain’s M&S Buys 25% Stake in Nobody’s Child
Britain’s Marks & Spencer (M&S) has bought a 25 percent stake in womenswear brand Nobody’s Child, as it seeks to accelerate a revival in its clothing arm, it said on Tuesday.
Britain’s M&S Buys 25% Stake in Nobody’s Child
Britain’s Marks & Spencer (M&S) has bought a 25 percent stake in womenswear brand Nobody’s Child, as it seeks to accelerate a revival in its clothing arm, it said on Tuesday.
Workplace & Talent
The Chief Supply Chain Officer is the New C-Suite Star
Big brands are beefing up their executive ranks with experts who can ensure increasingly complex supply chains operate smoothly and sustainably.
The Chief Supply Chain Officer is the New C-Suite Star
Big brands are beefing up their executive ranks with experts who can ensure increasingly complex supply chains operate smoothly and sustainably.
News & Analysis
CVC Invests in Forever 21 Owner at $13 Billion Enterprise Value
Authentic Brands Group Inc. — the owner of labels such as Forever 21 and Brooks Brothers — will have an enterprise value of $12.7 billion following the transaction, according to a statement.
CVC Invests in Forever 21 Owner at $13 Billion Enterprise Value
Authentic Brands Group Inc. — the owner of labels such as Forever 21 and Brooks Brothers — will have an enterprise value of $12.7 billion following the transaction, according to a statement.
Retail
Oprah and Reese Witherspoon Invest in Spanx at $1.2 Billion Valuation
Oprah Winfrey and the actress Reese Witherspoon were among new investors in Spanx Inc. as the womenswear brand completed a majority sale to funds managed by Blackstone Inc.
Oprah and Reese Witherspoon Invest in Spanx at $1.2 Billion Valuation
Oprah Winfrey and the actress Reese Witherspoon were among new investors in Spanx Inc. as the womenswear brand completed a majority sale to funds managed by Blackstone Inc.
Retail
The $12 Billion Start-Up Proving Wholesale Is Thriving
A $400 million investment in Faire, which pairs brands with retailers, is a sign of how multi-brand stores are here to stay after a decade where direct-to-consumer brands dominated the conversation.
The $12 Billion Start-Up Proving Wholesale Is Thriving
A $400 million investment in Faire, which pairs brands with retailers, is a sign of how multi-brand stores are here to stay after a decade where direct-to-consumer brands dominated the conversation.
Beauty
Beauty’s Next Big Opportunity: Ayurveda
Estée Lauder and Puig are investing in Indian ayurvedic beauty brands, but can they overcome the many challenges associated with incorporating ancient practices into a modern, global business?
Beauty’s Next Big Opportunity: Ayurveda
Estée Lauder and Puig are investing in Indian ayurvedic beauty brands, but can they overcome the many challenges associated with incorporating ancient practices into a modern, global business?
China
7 Shanghai Powerbrokers on the Future of China’s Fashion Ecosystem
As influencers, buyers and editors gather for the latest Shanghai Fashion Week, industry insiders share their thoughts on China’s creative ecosystem and what needs to happen for the city to become a global fashion capital.
7 Shanghai Powerbrokers on the Future of China’s Fashion Ecosystem
As influencers, buyers and editors gather for the latest Shanghai Fashion Week, industry insiders share their thoughts on China’s creative ecosystem and what needs to happen for the city to become a global fashion capital.
Global Markets
Latin American E-Commerce Accelerator Merama Secures $225 Million Investment
The e-commerce startup that provides financing for direct-to-consumer businesses in Latin America raised $225 million in a Series B funding this week, which valued the company at nearly $850 million.
Latin American E-Commerce Accelerator Merama Secures $225 Million Investment
The e-commerce startup that provides financing for direct-to-consumer businesses in Latin America raised $225 million in a Series B funding this week, which valued the company at nearly $850 million.
Global Markets
Sephora Eyes Mexican Expansion
The cosmetics giant will allocate an investment of more than 150 million Mexican pesos ($7.5 million) to open five new stores in the country by 2022 and boost its e-commerce operations.
Sephora Eyes Mexican Expansion
The cosmetics giant will allocate an investment of more than 150 million Mexican pesos ($7.5 million) to open five new stores in the country by 2022 and boost its e-commerce operations.
Luxury
Online Watch Marketplace Chrono24 Surpasses $1 Billion Valuation In New Funding Round
The company raised more than €100 million, attracting investment from LVMH chief executive Bernard Arnault’s family office.
Online Watch Marketplace Chrono24 Surpasses $1 Billion Valuation In New Funding Round
The company raised more than €100 million, attracting investment from LVMH chief executive Bernard Arnault’s family office.
Global Markets
Turkey’s Trendyol Raises $1.5 Billion, Valuing It at $16.5 Billion
The Alibaba-backed company has emerged as a leader in Turkey’s fragmented e-commerce market.
Turkey’s Trendyol Raises $1.5 Billion, Valuing It at $16.5 Billion
The Alibaba-backed company has emerged as a leader in Turkey’s fragmented e-commerce market.
The News in Brief
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.
Prada Revamps Milan Flagship to Cater to Top Clients and New Shoppers
The group is hoping the renovated eight-level complex can generate €100 million in annual revenue, chief executive Andrea Guerra told Reuters.
JD Sports Names New North America CEO, Chief Marketing Officer
The sneaker retailer is shaking up its North American leadership as it looks to reverse soft sales and an extended slump in the stock market.