L’Oréal Joins Forces With Nykaa to Invest in Indian Beauty Brands
BOLD, the French conglomerate’s venture capital fund, will collaborate with retailer Nykaa to invest in the next generation of Indian beauty brands.
leadership
Luxury
Burberry Says It’s ‘Confident’ Tisci Will Stay On as Sales Beat Estimates
The British brand’s sales have rebounded from a pandemic slump, but its future remains uncertain.
Luxury
Lagerfeld-Era Image Director Éric Pfrunder Has Left Chanel
In a bid for continuity after the death of Karl Lagerfeld, Pfrunder was appointed artistic director for fashion image alongside Virginie Viard, who was named artistic director for fashion collections.
Workplace & Talent
Neiman Marcus Group Appoints New Chief Legal Officer
Hannah Kim joins the Dallas-based retail company from Energizer Holdings Inc. where she led the American battery manufacturer’s legal, compliance, ethics and government affairs.
Workplace & Talent
Mickey Drexler Takes Over as CEO of Alex Mill
Effective immediately, the experienced retail investor and businessman — who led turnarounds at both The Gap and J.Crew — will assume leadership of the basics clothing brand his son Alexander Drexler founded in 2012.
Workplace & Talent
Why Fashion Needs Chief Brand Officers
More than just an updated title for marketing executives, chief brand officers are tasked with navigating a climate where everything from advertising campaigns to holiday policies and suppliers can shape a company’s image.
Workplace & Talent
Pandora Hires Tiffany Executive to Head North America
The jeweller said Tuesday it has appointed Luciano Rodembusch, who previously served as senior vice president for the Americas at Tiffany & Co, to
Workplace & Talent
Wolverine Names Brendan Hoffman CEO
The prior president of the footwear giant, which owns brands such as Saucony, Keds and Sperry Top-Sider, will take over for 14-year chief executive Blake Krueger at the end of 2021.
Media
Allure Editor-in-Chief Michelle Lee Departs for Netflix
The head of Condé Nast’s beauty title will be joining streaming giant Netflix in July as vice president of editorial and publishing within the marketing division.
Retail
Neiman Marcus Hires Moda Operandi Fashion Director Lisa Aiken
The Dallas-based retailer created the role of fashion and lifestyle director for Aiken.
Global Markets
André Farber Is Dafiti Group’s New CEO
Global Fashion Group (GFG) has appointed André Farber its new chief executive at Dafiti Group, GFG’s fashion e-commerce platform in Latin America.
Workplace & Talent
How to Be a Post-Pandemic CEO
Top fashion executives are sharpening the skills they will need most to strengthen morale and boost business after a year of crises.
Global Markets
Ramprasad Sridharan is Benetton India’s New CEO & MD
Benetton Group has announced the appointment of Ramprasad Sridharan as its new CEO and Managing Director at Benetton India.
The News in Brief
Private Equity Firm Inflexion Invests in Manucurist
The European investor, which previously backed Medik8, has taken a 49 percent stake in the premium French nail line.
H&M Profit Rises on Tariff Refunds as Sales Remain Sluggish
US tariff refunds drove an increase operating profit, even as the fast-fashion retailer has struggled to deliver consistent sales growth.
Arnault Clan to Change LVMH Holding Structure to Ensure Control
Under the plan, the world’s biggest luxury group will be controlled by one entity, Agache SCA, after Christian Dior SE, one of the current holding companies of LVMH, is delisted.
JD Sports Says Nike Turnaround Is Only a Matter of Time
Dominic Platt, chief financial officer of the British sportswear retailer, told Reuters, ‘Much as there's a lot of talk about Nike, it's still the most popular brand out there and it's still a very strong brand.’
Chanel Plans to Keep Investing in China Despite Demand Downturn
CEO Leena Nair pointed to the brand’s recent renovation of its Plaza 66 boutique in Shanghai, calling China ‘a market where the clients understand sophistication, refinement.’
Meta Expected to Unveil Smart Glasses Without Camera
Smart glasses have become a target of criticism in recent months amid growing concerns they can be used to record people without their consent.
Record Global Fibre Production Pushes Fashion’s Environmental Footprint Higher
Planet-warming emissions associated with the raw materials used to make fashion, footwear and home textiles have risen 30 percent since 2019, according to a new report.