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.
li-and-fung
China
Li & Fung Said to Work With Citigroup on Brands Business Spinoff
HONG KONG, China — Li & Fung Ltd. is working with Citigroup Inc. to spin off its brands business, valued at about $2 billion, people with knowledge
China
The China Edit | Ma Ke, Leveraging Korean Style, Li & Fung, Shenzhen
The China Edit is a weekly curation of the most important fashion business news and analysis from and about the world’s largest luxury market.
China
Li & Fung Shares Surge 19 Percent on Upbeat Earnings, Spin-off Plan
HONG KONG, China — Shares of global sourcing firm Li & Fung Ltd jumped to their highest in more than a year on Friday as investors cheered
Global Markets
Jean-Marc Loubier of First Heritage Brands on Bridging East and West
Divia Harilela sits down with Jean-Marc Loubier, chief executive of First Heritage Brands, an investment arm of the Fung Group which owns Robert Clergerie, Delvaux and Sonia Rykiel, to talk about his global investment strategy.
News & Analysis
A Row of Opportunity, Part 1
In a fast-growing global menswear market, London's Savile Row, the traditional bastion of bespoke tailoring, is leveraging its unique, internationally-recognised heritage to launch more scalable ready-to-wear lines with new vigour. BoF reports.
Technology
Science Fiction is Swiftly Becoming Fact
Exponential technologies, from artificial intelligence to digital manufacturing to synthetic biology, are set to “digitise, dematerialise, demonetise and democratise” entire industries, disrupting old business models and giving rise to new breakthroughs, say experts from the Silicon Valley-based Singularity University.
News & Analysis
Li & Fung Profit Misses Estimates on Weaker U.S. Demand
"Li & Fung Ltd., the world’s largest supplier of clothes and toys to retailers, reported first-half profit that missed analyst estimates amid
News & Analysis
Bangladesh Factory Victims Wait as Compensation Meeting Delayed
LONDON, United Kingdom — A meeting to determine compensation for victims of two factory disasters in Bangladesh was postponed until September after a
News & Analysis
Blurring gender boundaries, LVMH strikes Hermès again, Li & Fung buys Cerruti, Yohji at the V&A, Bibhu Mohaputra
Fashion blurs gender boundaries (Telegraph) "Transsexuals, transvestites and models with no clear gender affiliation are all the rage in current
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.