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.
social-media
Marketing
Why Valentino’s New Brand Partner Is a Gen Z Kenyan Comedian
19-year-old internet star Elsa Majimbo signals the brand’s commitment to finding new faces to help tell its story.
China
Are Rivals Alibaba and Tencent Joining Forces to Combat Slowing Growth?
Alibaba’s Taobao Deals app, which it launched in March last year in order to compete with low-cost group-buying rival Pinduoduo, will open a mini-programme within the WeChat eco-system, according to multiple Chinese media reports.
Media
Why Alexi McCammond Is Out at Teen Vogue
The backlash to McCammond’s racist tweets, which surfaced amid a wave of anti-Asian violence, has only worsened in the two weeks since Condé Nast hired the Axios reporter to head its youth publication.
Marketing
Case Study | The New Four Ps of DTC Marketing
The direct-to-consumer fashion and beauty space has flourished over the last decade, but the once fool-proof marketing rubric has aged in that time. BoF outlines how to update the DTC marketing playbook so brands can break through the saturated market.
Marketing
Alexander Wang Responds to Sexual Misconduct Accusations: ‘I Will Do Better’
The designer previously called the growing number of allegations ‘false, fabricated and mostly anonymous.’ Lisa Bloom, who represents 10 accusers, said her clients “are moving forward.”
China
Five Ways China’s E-Commerce Landscape Is Changing
From rethinking livestreams to doubling down on data in their supply chains, global brands need to keep up with local players to compete for a slice of China’s multi-trillion-dollar e-commerce market.
Media
The Face Debuts TikTok Talent Agency
The agency, named Accelerator, aims to develop the profiles of TikTok influencers both on and offline as well as identify suitable brand collaborators.
Retail
The Secret Way People Buy and Sell Secondhand Clothes
Indie boutiques have been using Instagram direct messaging for years to sell off goods. Now, peer-to-peer resale accounts like Noihsaf.Bazaar are expanding faster than ever thanks to the pandemic.
News & Analysis
Instagram Debuts New ‘Live Rooms’ Feature
The tool allows users to broadcast live with up to three other people, more than the previous two-person Instagram Live limit.
China
Searching for the Next TikTok
Kuaishou’s blockbuster IPO has focused minds on China’s short video space, where several apps are clamouring for attention. Which platforms are the right fit for fashion and beauty brands?
Technology
Biden Asks Judge to Put TikTok Case on Hold
The Biden administration asked a federal judge in Washington to put on hold the litigation over a ban on the Chinese-owned video-sharing app TikTok that was pursued by former president Donald Trump.
Retail
Retailers Pledged Action on Diversity. Delivery Is Proving More Elusive.
Public pressure, especially from the 15 Percent Pledge, pushed many US-focused businesses to disclose information and promise progress, but the industry is still largely in a planning and promises stage.
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.