Olaplex Names New CEO
Christoph Kaul will succeed Amanda Baldwin, who led the hair care label through its acquisition by Henkel earlier this year.
stores
Luxury
Hugo Boss Sells Russian Business to Wholesale Partner Stockmann
The German fashion company suspended its retail business in Russia soon after Moscow invaded Ukraine in February 2022. It also paused its e-commerce activities in the Russian market and stopped advertising.
Hugo Boss Sells Russian Business to Wholesale Partner Stockmann
The German fashion company suspended its retail business in Russia soon after Moscow invaded Ukraine in February 2022. It also paused its e-commerce activities in the Russian market and stopped advertising.
Retail
The Red-Hot Retail Real Estate Market, in 6 Charts
For years, American retail was strained by a glut of supply. But after the pandemic, the mismatch between supply and demand dramatically reversed. Today, brands hoping to expand face steep competition from a growing mix of tenants and a dwindling pool of available spaces.
The Red-Hot Retail Real Estate Market, in 6 Charts
For years, American retail was strained by a glut of supply. But after the pandemic, the mismatch between supply and demand dramatically reversed. Today, brands hoping to expand face steep competition from a growing mix of tenants and a dwindling pool of available spaces.
Beauty
The Soho House of Nail Salons
Majesty’s Pleasure, which opened this week in New York City, wants to offer nail services and eventually, other beauty offerings to a clientele that wants a social outlet as much as they do a fresh manicure.
The Soho House of Nail Salons
Majesty’s Pleasure, which opened this week in New York City, wants to offer nail services and eventually, other beauty offerings to a clientele that wants a social outlet as much as they do a fresh manicure.
Retail
Fred Segal Shutters in Los Angeles
The iconic West Coast retailer has closed two stores in LA and shut down its website.
Fred Segal Shutters in Los Angeles
The iconic West Coast retailer has closed two stores in LA and shut down its website.
Global Markets
Op-Ed | Big Luxury Frets That China Is Turning Japanese
Just like post-boom Tokyo in the 1990s, the Chinese are embracing value for money and mix-and-match. That’s bad news for Europe’s fashion empires, writes Shuli Ren.
Op-Ed | Big Luxury Frets That China Is Turning Japanese
Just like post-boom Tokyo in the 1990s, the Chinese are embracing value for money and mix-and-match. That’s bad news for Europe’s fashion empires, writes Shuli Ren.
Global Markets
Splurging by the Wealthy Is Polarising Japan’s Retail Stocks
The top three operators by market capitalisation, Isetan Mitsukoshi Holdings Ltd., Takashimaya Co. and J. Front Retailing Co., which operates the Daimaru and Matsuzakaya chains, rose by 55 percent on average in the past year, outperforming the broader Topix’s 18 percent.
Splurging by the Wealthy Is Polarising Japan’s Retail Stocks
The top three operators by market capitalisation, Isetan Mitsukoshi Holdings Ltd., Takashimaya Co. and J. Front Retailing Co., which operates the Daimaru and Matsuzakaya chains, rose by 55 percent on average in the past year, outperforming the broader Topix’s 18 percent.
Luxury
Prada to Open 8,000-Square-Foot Hong Kong Store After Years of Downsizing
The two-floor space will be the company’s first major new store in Hong Kong in years.
Prada to Open 8,000-Square-Foot Hong Kong Store After Years of Downsizing
The two-floor space will be the company’s first major new store in Hong Kong in years.
Beauty
The Body Shop Expected to Emerge From Administration in August
Charles Denton, who leads the consortium that has entered an exclusive agreement to buy the company out of administration, said he wants to ‘change the narrative’ around the brand.
The Body Shop Expected to Emerge From Administration in August
Charles Denton, who leads the consortium that has entered an exclusive agreement to buy the company out of administration, said he wants to ‘change the narrative’ around the brand.
Luxury
LVMH’s L Catterton Buys Malls Stake in £1.5 Billion Deal
The transaction includes interests in nine luxury retail properties outside major European cities including the Bicester shopping village, about 60 miles north west of London, according to a statement Monday.
LVMH’s L Catterton Buys Malls Stake in £1.5 Billion Deal
The transaction includes interests in nine luxury retail properties outside major European cities including the Bicester shopping village, about 60 miles north west of London, according to a statement Monday.
Beauty
British Aesthetic Medicine Provider Sk:n Group Collapses
According to a statement on the firm’s website, trading ceased on July 17, sinking its web of more than 70 clinics across the UK.
British Aesthetic Medicine Provider Sk:n Group Collapses
According to a statement on the firm’s website, trading ceased on July 17, sinking its web of more than 70 clinics across the UK.
Retail
Macy’s Ends Buyout Talks With Activist Investors
The American retailer has effectively closed the door on the take-private offer from real estate firms Arkhouse Management and Brigade Capital. The company’s stock plunged on the news.
Macy’s Ends Buyout Talks With Activist Investors
The American retailer has effectively closed the door on the take-private offer from real estate firms Arkhouse Management and Brigade Capital. The company’s stock plunged on the news.
Beauty
Naked Sundays to Launch in Ulta Beauty
The Australian sun care brand will be available online at Ulta Beauty from July 14, with an in-store rollout slated for March 2025.
Naked Sundays to Launch in Ulta Beauty
The Australian sun care brand will be available online at Ulta Beauty from July 14, with an in-store rollout slated for March 2025.
The News in Brief
Perelel Expands C-Suite, Tapping Rare Beauty’s CMO
Known for its prenatal vitamins, the wellness label has hired Rare Beauty's Ashley Murphy as its chief marketing officer, while Anjelika Temple moves into the chief creative officer role.
Swiss Watch Exports Grow for Fourth Month, Overcoming US Slump
Exports in August were buoyed by China and Japan, despite a sharp decline in shipments to the US.
Alexandre Arnault Joins Nike’s Board of Directors
The LVMH executive joins Nike’s board as the sportswear giant prepares to be removed from the S&P 100 index after nearly two decades.
Matthieu Blazy, Sarah Burton, Haider Ackermann Among Nominees for BFC Designer of the Year
The Fashion Awards ceremony, set for Nov. 30, will also recognise the BFC’s second Vanguard award recipient, recognising emerging British design talent.
Supergoop Announces Chief Commercial Officer
The sunscreen label has appointed former Coty executive Jamie Parker to the newly created role as it gears up to become a “global skin health company.”
Mytheresa Owner’s Sales Rise as Ultra Wealthy Keep Shopping
LuxExperience posted a rise in sales as the luxury multibrand platform’s strategy of catering to the ultra wealthy helped it navigate a difficult environment for high-end fashion.
The Independents Acquires Production Studio Smuggler
The global collective has brought film studio Smuggler under its umbrella to bolster its entertainment capabilities.