Marquee Brands to Acquire Roots in Go-Private Deal
The brand management company will add the Canadian lifestyle label to a growing portfolio that includes Roberto Cavalli and BCBG.
leadership
Luxury
Balmain Appoints Bruna Scognamiglio Chief Marketing Officer
Balmain has named Bruna Scognamiglio chief marketing officer, effective Sept. 9. She succeeds Txampi Diz, who departed the Mayhoola-owned French house after nearly two decades in March, and will report to Balmain’s newly-appointed chief executive Matteo Sgarbossa.
Balmain Appoints Bruna Scognamiglio Chief Marketing Officer
Balmain has named Bruna Scognamiglio chief marketing officer, effective Sept. 9. She succeeds Txampi Diz, who departed the Mayhoola-owned French house after nearly two decades in March, and will report to Balmain’s newly-appointed chief executive Matteo Sgarbossa.
Luxury
Luxury Heir Alleges His $13 Billion Hermès Fortune Has Vanished
A Swiss court has dismissed Hermès heir Nicolas Puech’s claims against his former wealth manager over the alleged loss of his fortune, leaving the fate of his significant stake in the luxury brand uncertain.
Luxury Heir Alleges His $13 Billion Hermès Fortune Has Vanished
A Swiss court has dismissed Hermès heir Nicolas Puech’s claims against his former wealth manager over the alleged loss of his fortune, leaving the fate of his significant stake in the luxury brand uncertain.
Retail
Selfridges CEO Andrew Keith to Exit Amid Luxury Upheaval
Keith piloted the retailer during a sale to Thailand’s Central Group, as well as navigating Covid-19 lockdowns and a struggling UK luxury market.
Selfridges CEO Andrew Keith to Exit Amid Luxury Upheaval
Keith piloted the retailer during a sale to Thailand’s Central Group, as well as navigating Covid-19 lockdowns and a struggling UK luxury market.
Retail
J.Crew’s Unorthodox Olympics Moment
The American retailer was able to tap into the cachet of the world’s largest sporting event without being an official sponsor or licensee. The result was one of its most successful collaborations in recent memory.
J.Crew’s Unorthodox Olympics Moment
The American retailer was able to tap into the cachet of the world’s largest sporting event without being an official sponsor or licensee. The result was one of its most successful collaborations in recent memory.
Luxury
Bernard Arnault Confirms He Owns ‘Very Minor Stake’ in Richemont
News of the shareholding triggered questions around his intentions for the investment in the group which maintains a strong defense against unwanted suitors.
Bernard Arnault Confirms He Owns ‘Very Minor Stake’ in Richemont
News of the shareholding triggered questions around his intentions for the investment in the group which maintains a strong defense against unwanted suitors.
Luxury
Sergio Rossi Taps Paul Andrew as Creative Director
The designer brings “creative design expertise and forward-thinking approach,” the Italian footwear brand owned by Lanvin Group said.
Sergio Rossi Taps Paul Andrew as Creative Director
The designer brings “creative design expertise and forward-thinking approach,” the Italian footwear brand owned by Lanvin Group said.
Retail
Nike Hires Former Salesforce Executive as CIO in Tech Division Shakeup
Cheryan Jacob, who has also previously worked at Microsoft Corp. and Flexport Inc., was named Nike’s chief information officer this month, according to an internal memo.
Nike Hires Former Salesforce Executive as CIO in Tech Division Shakeup
Cheryan Jacob, who has also previously worked at Microsoft Corp. and Flexport Inc., was named Nike’s chief information officer this month, according to an internal memo.
Beauty
Estée Lauder Companies Names Akhil Shrivastava Executive Vice President, CFO
Shrivastava, who most recently served as senior vice president, corporate controller, joined Estée Lauder in 2015 after 18 years at Procter & Gamble.
Estée Lauder Companies Names Akhil Shrivastava Executive Vice President, CFO
Shrivastava, who most recently served as senior vice president, corporate controller, joined Estée Lauder in 2015 after 18 years at Procter & Gamble.
Luxury
LVMH Names New CEOs for Hublot, TAG Heuer Watch Brands
The moves are part of an “elevating and upgrading” strategy in the division, the luxury group said.
LVMH Names New CEOs for Hublot, TAG Heuer Watch Brands
The moves are part of an “elevating and upgrading” strategy in the division, the luxury group said.
Luxury
Purdey Taps British Designer Giles Deacon as Creative Director
James Purdey & Sons, the over 200 year-old Richemont-owned British brand, has named British designer Giles Deacon creative director of clothing, accessories and brand image.
Purdey Taps British Designer Giles Deacon as Creative Director
James Purdey & Sons, the over 200 year-old Richemont-owned British brand, has named British designer Giles Deacon creative director of clothing, accessories and brand image.
Media
Elis Kiss Named Vogue Greece Editor-in-Chief
Kiss will be tasked with growing the magazine’s readership and reach as well as establishing the publication as a household name.
Elis Kiss Named Vogue Greece Editor-in-Chief
Kiss will be tasked with growing the magazine’s readership and reach as well as establishing the publication as a household name.
The News in Brief
UK Retail Sales Drop for the First Time in Three Months
Scorching weather and fewer discounts discouraged shoppers and ended a recent rebound in consumer spending as retail sales fell for the first time since April.
Fashion CEO Hunsicker Gets Five Years for $300 Million Fraud
Christine Hunsicker, founder of the fashion-rental and technology company CaaStle Inc., was sentenced to five years in prison for defrauding investors out of $300 million.
Boohoo Fined $2.7 Million by French Watchdog Over Deceptive Discounts
Nearly half of the examined promotions were revealed to be price increases. The Debenhams-owned fast-fashion brand also used terms like ‘leather’ to sell synthetic products.
Report: Shein Postpones IPO to September
Shein has pushed back its market debut following a delay in taking investor orders for its Hong Kong IPO at a reduced valuation, the South China Morning Post reported.
Lululemon Senior Executive Exits in Third Recent Departure
The top communications officer at the company is leaving, adding to the list of executives departing ahead of CEO Heidi O’Neill’s arrival.
Trump Picks White House Ally Overton to Lead Embattled FDA
The US president chose an ally to steady an agency shaken by staff losses, low morale and fights over vaccines and drug approvals.
JD Sports Cuts Outlook as Shoppers Curb Spending on Sneakers
The retailer cut its profit outlook after weaker-than-expected sales in the quarter, as customers grapple with cost-of-living pressures and pull back on discretionary spending.