Style Capital Acquires Alessandro Dell’Acqua’s N21
Financial details of the deal for the Milan-based brand weren’t disclosed.
leadership
Beauty
Dermatological Brand Dr. Idriss Appoints Chief Marketing Officer
Tamera Ferro is the first CMO for the US skincare label, founded by dermatologist Dr. Shereene Idriss.
Sports
Nike Continues to Shake Up Leadership Team Under CEO Hill
The company is eliminating some top roles and establishing others as it tries to get back on track and re-establish its authority in the sportswear market.
Luxury
Loewe Marketing Chief Charlie Smith Departs for UK Tech Firm Nothing
Smith is joining London-based smartphone company Nothing, where he will oversee brand, image, marketing, communications and store design.
Luxury
Unpacking LVMH’s Latest Executive Shuffle
Louis Vuitton CEO Pietro Beccari will also steer the conglomerate’s Fashion Group, as Sidney Toledano steps down from operational responsibilities and Vuitton deputy CEO Damien Bertrand joins the group’s executive committee.
Retail
EssilorLuxottica Wearables Chief Rocco Basilico to Exit in January
Basilico, who led the eyewear giant’s smart-glasses collaborations with Meta, is leaving to 'pursue personal interests,' the company said.
Luxury
Armani Appoints New Board Members as Post-Giorgio Era Takes Shape
Former Gucci CEO Marco Bizzarri is among the three new members joining the board as the company plots its future.
Luxury
Armani to Name New Board as Founder’s Heirs Reset Group
Giorgio Armani SpA is preparing to name a new board as soon as this week, as the Italian fashion group rebuilds its leadership team following the death of its founder, sources told Bloomberg.
Retail
Mytheresa Appoints New CEO
In January, Francis Belin will replace Michael Kliger as chief executive of the German e-tailer. Kliger will remain in his post as CEO of Mytheresa parent company LuxExperience.
Luxury
Zegna Group Names New Leadership as Family Plans Succession
Gianluca Tagliabue has been named CEO of the Italian luxury group, as Gildo Zegna becomes executive chairman. Edoardo and Angelo Zegna will serve as co-CEOs of the company's flagship Zegna brand.
Workplace & Talent
What Fashion Gets Wrong About Layoffs
From knee-jerk, across-the-board cuts to sloppy communication and a lack of future direction, there are plenty of ways companies can make a tough moment even worse.
Retail
Kohl’s to Name Michael Bender as CEO After Year of Disarray
Bender has been serving as interim chief executive while the company navigates both internal and external challenges.
Retail
Inside Luxury Retailers’ Bare-Knuckle Fight to Win the Holidays
With market leader Saks struggling and Ssense in bankruptcy, competitors from Bloomingdale’s to Mytheresa to FWRD see a rare opportunity to grab market share. They are openly courting top customers, vendors and even the employees of their struggling competitors.
The News in Brief
Lagos Fashion Week Continues to Flex its Pan-African Muscle
The buzzy Nigerian fashion event has attracted a cohort from across the continent, with designers from South Africa, Uganda and Morocco presenting their collections in the Nigerian city.
Estée Lauder Raises Outlook, Buoyed by Perfume Demand
Demand for the US conglomerate’s luxury fragrance brands like Le Labo, Tom Ford and By Kilian offset weaker performance from its makeup and haircare divisions.
Bangladesh Sets Up Wage Board as Garment Worker Unrest Shuts Factories
Violent protests over pay levels forced the closure of more than 500 factories over the weekend.
Premium Skincare Brand Colorescience Names New CEO
Former Kiehl’s general manager John Reed will lead the label, which was acquired by Roundtable Healthcare Partners earlier this year.
Proya Third-Quarter Revenue Grows, Profit Dented by Marketing Spend
The Chinese beauty conglomerate’s revenue grew 29.8 percent in the latest quarter, but its profit decreased by double digits due to increased promotional expenses as it expands overseas.
Michael Kors Owner Capri Soars After Raising Annual Forecasts
Shares jumped after the group raised its annual revenue and profit forecasts and said it expected sales to return to growth.
Puma Sales Slow Less Than Expected as Anta Partnership Advances
The German sportswear business is attempting to reboot its brand appeal to better compete with larger rivals Adidas and Nike.