Reformation Valued at $886 Million in NYSE Debut
The Permira-backed womenswear retailer and some of its shareholders had raised $211 million in its IPO on Wednesday, with shares opening at $15 apiece.
stores
Beauty
Bath & Body Works President to Step Down, Role Eliminated
The US body care brand’s retail president Julie Rosen will leave the company on October 22.
Bath & Body Works President to Step Down, Role Eliminated
The US body care brand’s retail president Julie Rosen will leave the company on October 22.
Direct-to-Consumer
Telfar to Launch Real Leather Bags
The brand, known for its perpetually sold-out “Bushwick Birkin” totes made from vegan leather, is launching a range of pebble leather bags, priced as high as $960.
Telfar to Launch Real Leather Bags
The brand, known for its perpetually sold-out “Bushwick Birkin” totes made from vegan leather, is launching a range of pebble leather bags, priced as high as $960.
Beauty
Urban Decay’s ‘Naked’ Relaunch Is a Hit. Now Comes the Hard Part.
The L’Oréal-owned cosmetics brand discontinued its first smash hit product, the Naked eyeshadow palette, in 2018. It’s hoping a limited edition re-run could hold the key to a wider brand reboot.
Urban Decay’s ‘Naked’ Relaunch Is a Hit. Now Comes the Hard Part.
The L’Oréal-owned cosmetics brand discontinued its first smash hit product, the Naked eyeshadow palette, in 2018. It’s hoping a limited edition re-run could hold the key to a wider brand reboot.
Luxury
Casablanca Paris to Open First Retail Store as Sales Approach $50 Million
Paris’ Rue du Faubourg Saint-Honoré will house the first boutique for Charaf Tajer’s 6 year-old fashion brand.
Casablanca Paris to Open First Retail Store as Sales Approach $50 Million
Paris’ Rue du Faubourg Saint-Honoré will house the first boutique for Charaf Tajer’s 6 year-old fashion brand.
Beauty
Cassandra Grey Buys Back Violet Grey — With Some Help
The cult beauty retailer’s founder teamed up with investor Sherif Guirgis to acquire the business back from Coupang, the South Korean owner of Farfetch.
Cassandra Grey Buys Back Violet Grey — With Some Help
The cult beauty retailer’s founder teamed up with investor Sherif Guirgis to acquire the business back from Coupang, the South Korean owner of Farfetch.
Beauty
A Deodorant Brand Bets on The ‘Aesop Effect’
Daniel Bense, a former Aesop executive, is putting his learnings from the Australian megabrand to work in a new premium personal care company.
A Deodorant Brand Bets on The ‘Aesop Effect’
Daniel Bense, a former Aesop executive, is putting his learnings from the Australian megabrand to work in a new premium personal care company.
Beauty
Sephora North America Appoints New Chief Financial Officer
Delphine Herve will succeed Christophe Le Boterff in April 2025 when he retires after eight years’ tenure.
Sephora North America Appoints New Chief Financial Officer
Delphine Herve will succeed Christophe Le Boterff in April 2025 when he retires after eight years’ tenure.
Beauty
How Franchising Can Help Beauty Start-Ups Grow
More brands are charting brick-and-mortar expansions through franchise partners despite the challenges that come with the business model.
How Franchising Can Help Beauty Start-Ups Grow
More brands are charting brick-and-mortar expansions through franchise partners despite the challenges that come with the business model.
Beauty
Trinny London Opens Its First Flagship Store
The UK-based digitally native beauty start-up’s yellow storefront on King’s Road is a major element of its push to reach $100 million in annual sales.
Trinny London Opens Its First Flagship Store
The UK-based digitally native beauty start-up’s yellow storefront on King’s Road is a major element of its push to reach $100 million in annual sales.
Beauty
The Body Shop’s Remaining UK Stores Saved After Rescue Deal Agreed
The Body Shop has been rescued from administration by a consortium led by the British cosmetics tycoon Mike Jatania in a deal that will keep the ethical beauty brand’s remaining 113 UK stores trading.
The Body Shop’s Remaining UK Stores Saved After Rescue Deal Agreed
The Body Shop has been rescued from administration by a consortium led by the British cosmetics tycoon Mike Jatania in a deal that will keep the ethical beauty brand’s remaining 113 UK stores trading.
China
Tiffany to Downsize China Flagship as Spending Dives
The LVMH-owned jeweller, which opened a two-floor store in Shanghai’s Hong Kong Plaza in a high-profile ceremony in late 2019, has decided to give up about half of its square footage, sources told Bloomberg.
Tiffany to Downsize China Flagship as Spending Dives
The LVMH-owned jeweller, which opened a two-floor store in Shanghai’s Hong Kong Plaza in a high-profile ceremony in late 2019, has decided to give up about half of its square footage, sources told Bloomberg.
Global Markets
Hong Kong Luxury Shops Sit Empty as Chinese Spending Plunges
Banks and fast food restaurants have taken over spaces once leased to the likes of Omega and Burberry in the iconic shopping destination.
Hong Kong Luxury Shops Sit Empty as Chinese Spending Plunges
Banks and fast food restaurants have taken over spaces once leased to the likes of Omega and Burberry in the iconic shopping destination.
The News in Brief
Puig Reports First-Half Revenue Growth After Estee Lauder Talks End
The Spanish beauty company reported first-half revenue growth on strong demand for makeup from Charlotte Tilbury.
Canada Goose Beats Revenue Estimates as Demand Holds Up
The outerwear brand beat expectations for first-quarter revenue, but new US tariffs on Canadian could affect future earnings.
Steven Madden Tops Expectations and Lifts Full-Year Outlook
The retailer raised its full-year revenue forecast again as its integration of luxury brand Kurt Geiger last year provided a tailwind.
Reformation and Its Backers Raise $210.9 Million in IPO
The womenswear brand and shareholders including private-equity backer Permira raised new funds in an IPO that priced shares at the bottom of the marketed range.
Adidas Shares Plunge After World Cup Spend Dents Profit
Shares in the company fell the most on record after its marketing outlay for the World Cup resulted in lower-than-expected quarterly profit.
British Fashion Council to Boost UK Fashion Beyond London
The new national initiative, Fashion Britain, aims to increase growth, innovation and participation in the industry across key cities.
Hermès’ Chief Watches China’s Pork Prices to Gauge Luxury Demand
When it comes to gauging the possibility of a sales rebound for his luxury group in China, Hermès executive chairman Axel Dumas turns to an unusual metric.