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
Retail
Bondholders Approve Saks Global’s Five-Year Business Plan
Saks is moving towards exiting bankruptcy and tapped an additional $300 million of its Chapter 11 financing package.
Bondholders Approve Saks Global’s Five-Year Business Plan
Saks is moving towards exiting bankruptcy and tapped an additional $300 million of its Chapter 11 financing package.
Beauty
Exclusive: Brita Invests in Shower Filter Firm Hello Klean
The German water filtration firm has acquired a minority stake in Hello Klean, which sells shower heads it claims mitigate the effects of hard water.
Exclusive: Brita Invests in Shower Filter Firm Hello Klean
The German water filtration firm has acquired a minority stake in Hello Klean, which sells shower heads it claims mitigate the effects of hard water.
Beauty
Galderma Backers Exit $6.3 Billion Stake
A trio of Galderma shareholders exited their remaining 14.3% stake in the Swiss skincare company, in the largest ever overnight share sale in Switzerland.
Galderma Backers Exit $6.3 Billion Stake
A trio of Galderma shareholders exited their remaining 14.3% stake in the Swiss skincare company, in the largest ever overnight share sale in Switzerland.
Beauty
Exclusive: Perfumer H Secures Fresh Investment
Former Aesop leaders Michael O’Keeffe and Thomas Buisson have invested in Perfumer H, buying out Natura &Co’s stake to back the niche fragrance brand’s next phase of growth.
Exclusive: Perfumer H Secures Fresh Investment
Former Aesop leaders Michael O’Keeffe and Thomas Buisson have invested in Perfumer H, buying out Natura &Co’s stake to back the niche fragrance brand’s next phase of growth.
Beauty
Henkel Acquires Hair Care Brand Not Your Mother’s
The German consumer giant is expanding its US hair care presence with the the fast-growing, teen-favourite brand.
Henkel Acquires Hair Care Brand Not Your Mother’s
The German consumer giant is expanding its US hair care presence with the the fast-growing, teen-favourite brand.
Sports
Asics Buys Marathon Registration Platforms to Boost Running-Shoe Sales
The Japanese sportswear brand is accelerating global expansion by acquiring race-registration platforms to deepen engagement with runners.
Asics Buys Marathon Registration Platforms to Boost Running-Shoe Sales
The Japanese sportswear brand is accelerating global expansion by acquiring race-registration platforms to deepen engagement with runners.
Global Markets
Uniqlo Aims to Grow Tenfold in India With Summer-Centric Clothes
The Japanese brand is accelerating its expansion in India to capture a greater share of the rapidly growing apparel market and affluent consumer base.
Uniqlo Aims to Grow Tenfold in India With Summer-Centric Clothes
The Japanese brand is accelerating its expansion in India to capture a greater share of the rapidly growing apparel market and affluent consumer base.
Beauty
Whoop to Expand Staff by 75% to Spur Growth Ahead of Likely IPO
The US wearable tech company intends to add more than 600 new roles across various departments, founder and chief executive Will Ahmed told Bloomberg.
Whoop to Expand Staff by 75% to Spur Growth Ahead of Likely IPO
The US wearable tech company intends to add more than 600 new roles across various departments, founder and chief executive Will Ahmed told Bloomberg.
Technology
Croissant Raises $28 Million in New Funding
The resale pricing app is the latest fashion-tech startup to bolster its finances as investor demand holds firm.
Croissant Raises $28 Million in New Funding
The resale pricing app is the latest fashion-tech startup to bolster its finances as investor demand holds firm.
Global Markets
Worldview | How China’s Tariff Cuts Benefit African Fashion
This week’s round-up of global markets fashion business news also features M&A in Vietnam, Australian jewellers and Turkish textile giants in Latin America.
Worldview | How China’s Tariff Cuts Benefit African Fashion
This week’s round-up of global markets fashion business news also features M&A in Vietnam, Australian jewellers and Turkish textile giants in Latin America.
Beauty
Pat McGrath Labs Secures Bankruptcy Financing
A US court approved Florida-based firm GDA Luma’s $30 million infusion into the embattled makeup artistry brand, which will see founder Pat McGrath step into a chief creative officer role.
Pat McGrath Labs Secures Bankruptcy Financing
A US court approved Florida-based firm GDA Luma’s $30 million infusion into the embattled makeup artistry brand, which will see founder Pat McGrath step into a chief creative officer role.
Retail
Boohoo Plans to Raise $47 Million as Retailer Talks With Lenders
The online clothing retailer is seeking to raise £35 million in equity and amend debt covenants in an attempt to turn around the business.
Boohoo Plans to Raise $47 Million as Retailer Talks With Lenders
The online clothing retailer is seeking to raise £35 million in equity and amend debt covenants in an attempt to turn around the business.
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.