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
Financial Markets
Chanel Heir’s PE Vehicle Invests in Highsnobiety
Investment firm Mirabaud Asset Management said Thursday its Lifestyle Impact & Innovation fund, run in partnership with David Wertheimer, has injected an undisclosed sum in the streetwear-focused media company and e-commerce platform.
Chanel Heir’s PE Vehicle Invests in Highsnobiety
Investment firm Mirabaud Asset Management said Thursday its Lifestyle Impact & Innovation fund, run in partnership with David Wertheimer, has injected an undisclosed sum in the streetwear-focused media company and e-commerce platform.
China
Shein’s Supply Chain Provider Singbada Secures Investment
Guangzhou-based start-up Singbada, a digital supply chain provider for Chinese fast fashion giant Shein, said Tuesday it secured a pre-Series A investment to develop its supply chain software and management business, according to KrAsia.
Shein’s Supply Chain Provider Singbada Secures Investment
Guangzhou-based start-up Singbada, a digital supply chain provider for Chinese fast fashion giant Shein, said Tuesday it secured a pre-Series A investment to develop its supply chain software and management business, according to KrAsia.
Luxury
How Ssense Became a Quiet Contender in Fashion’s E-Commerce Race
This week, the Canadian e-tailer announced investment from Sequoia Capital China at a valuation of more than $4 billion, signalling big ambitions to build on its success.
How Ssense Became a Quiet Contender in Fashion’s E-Commerce Race
This week, the Canadian e-tailer announced investment from Sequoia Capital China at a valuation of more than $4 billion, signalling big ambitions to build on its success.
Retail
From Amazon to Gap, Retailers Get Their Pick of Bank Partners
With Amazon.com Inc. and other top retailers on the hunt for new credit-card tie-ups, competition is fiercer than ever among potential bank partners.
From Amazon to Gap, Retailers Get Their Pick of Bank Partners
With Amazon.com Inc. and other top retailers on the hunt for new credit-card tie-ups, competition is fiercer than ever among potential bank partners.
Workplace & Talent
Former Tapestry CEO Victor Luis Invests in Moose Knuckles
Luis will become executive chairman after making a “significant investment,” the Canadian luxury outerwear and sportswear brand said Wednesday. The financial details of the deal were not disclosed.
Former Tapestry CEO Victor Luis Invests in Moose Knuckles
Luis will become executive chairman after making a “significant investment,” the Canadian luxury outerwear and sportswear brand said Wednesday. The financial details of the deal were not disclosed.
China
China’s Streetwear Brands Continue to Attract Investors
Two more Chinese streetwear brands have recently received funding, continuing a run of capital pouring into the segment recently.
China’s Streetwear Brands Continue to Attract Investors
Two more Chinese streetwear brands have recently received funding, continuing a run of capital pouring into the segment recently.
Retail
The Search for the Next Shein
Investment firms like Andreessen Horowitz are backing start-ups that mimic the Chinese fast-fashion giant’s blueprint, as they look to build the next big Gen Z label.
The Search for the Next Shein
Investment firms like Andreessen Horowitz are backing start-ups that mimic the Chinese fast-fashion giant’s blueprint, as they look to build the next big Gen Z label.
Technology
How Lyst Plans to Take on Fashion’s E-Commerce Giants
The online fashion platform is gearing up for an IPO with an $85 million funding round and ambitions to become the Spotify of fashion.
How Lyst Plans to Take on Fashion’s E-Commerce Giants
The online fashion platform is gearing up for an IPO with an $85 million funding round and ambitions to become the Spotify of fashion.
Sustainability
Sustainability Comes At a Cost. Fashion Isn’t Paying.
Billions of dollars of investment are needed if the industry is to operate more sustainably. But there is little evidence brands are prepared to pay for it, according to new analysis from The BoF Sustainability Index.
Sustainability Comes At a Cost. Fashion Isn’t Paying.
Billions of dollars of investment are needed if the industry is to operate more sustainably. But there is little evidence brands are prepared to pay for it, according to new analysis from The BoF Sustainability Index.
Retail
Carlyle Takes Majority Stake in End. as Streetwear Deals Heat Up
The deal reportedly values the menswear retailer at $1 billion. Co-founders Christiaan Ashworth and John Parker will retain a significant minority stake and remain co-CEOs.
Carlyle Takes Majority Stake in End. as Streetwear Deals Heat Up
The deal reportedly values the menswear retailer at $1 billion. Co-founders Christiaan Ashworth and John Parker will retain a significant minority stake and remain co-CEOs.
Sustainability
Can Reformation Make Fast Fashion Sustainable?
The LA-based brand is laying out a new set of commitments designed to decouple its growth from its environmental impact.
Can Reformation Make Fast Fashion Sustainable?
The LA-based brand is laying out a new set of commitments designed to decouple its growth from its environmental impact.
Sustainability
Why Big Brands Are Investing in Sustainability Start-Ups
This year, Ralph Lauren and Lululemon have joined the likes of H&M Group, Kering and Chanel in pouring money into innovations that could reduce the industry’s environmental impact.
Why Big Brands Are Investing in Sustainability Start-Ups
This year, Ralph Lauren and Lululemon have joined the likes of H&M Group, Kering and Chanel in pouring money into innovations that could reduce the industry’s environmental impact.
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.