Sephora to Launch at Marks & Spencer
‘Sephora at M&S’ will roll out in M&S stores and online starting next spring, with plans to expand to 100 locations by the end of 2028.
streetwear
Luxury
Dissecting Luxury’s Love for Streetwear
Signs of streetwear’s importance to the luxury business model were everywhere this week, from Virgil Abloh’s last collection for Louis Vuitton to LVMH’s Aimé Leon Dore deal to Bally’s appointment of Rhuigi Villaseñor.
China
Fear of God’s Jerry Lorenzo Curates Space in Shanghai’s Innersect Fair
China’s biggest streetwear fair ran its main three-day programme from Jan. 15 to 17 with one of global streetwear’s most in-demand names lending some star power from afar as the event’s co-curator.
Luxury
LVMH Invests in Aimé Leon Dore
The French luxury giant’s venture capital arm is taking a minority stake in the New York streetwear brand founded by Teddy Santis.
Entrepreneurship
Sean ‘Diddy’ Combs Pays $7.5 Million to Buy Sean John Brand From Bankruptcy
The hip hop mogul agreed to pay $7.5 million to buy back the bankrupt fashion brand he founded in 1998 after winning a court supervised auction.
Luxury
Tiffany & Co. and Supreme to Collaborate
The luxury jewellery brand and New York-based streetwear brand teased their upcoming partnership on Instagram, both posting a video focused on a man’s silver tag pearl necklace, with no text in the caption, only a chain link emoji.
Sustainability
Fashion’s Collaboration Craze Targets Sustainability
A new collaboration between Tommy Hilfiger and Timberland promotes better materials, low-waste designs and transparent partnership.
Entrepreneurship
How Crenshaw Skate Club Caught Air
The rise of teenager Tobias McIntosh’s South Los Angeles brand shows how entrepreneurs from once unlikely places can build fashion businesses.
Technology
Why Streetwear and NFTs Are a Perfect Match
Both trade in heavily hyped, limited-edition products that offer a sense of community. Fashion brands aiming to tap digital art take note.
Sustainability
Ex-Adidas Brand Chief Wants to Build a Sustainable Supreme
Eric Liedtke, who steered Adidas’ collaborations with celebrities like Kanye West and Beyoncé, is launching a zero-waste, zero-plastic streetwear brand.
Financial Markets
Chanel Heir’s PE Vehicle Invests in Highsnobiety
Investment firm Mirabaud Asset Management said Thursday its Lifestyle Impact & Innovation fund, run in partnership with David Wertheimer, has injected an undisclosed sum in the streetwear-focused media company and e-commerce platform.
Retail
Aritzia Expands to Men’s with Acquisition of Activewear Brand Reigning Champ
The women’s retailer announced it will acquire 75 percent of the brand, with a total enterprise value of $63 million, and acquire the rest of the business over the next five years.
Luxury
How Ssense Became a Quiet Contender in Fashion’s E-Commerce Race
This week, the Canadian e-tailer announced investment from Sequoia Capital China at a valuation of more than $4 billion, signalling big ambitions to build on its success.
The News in Brief
Novo Buys Rights to Early Obesity Pill For $2.6 Billion
The Wegovy maker has signed a deal to license an experimental obesity pill from China’s Jiangsu Hengrui Pharmaceuticals as it seeks to regain share of the global GLP-1 market.
Oura Delays US IPO
The smart ring maker said on Tuesday it has delayed its US initial public offering, citing market uncertainty.
Maxhosa Africa Brings Pan-Africanism to Paris Fashion Week
Creative director Laduma Ngxokolo’s label is the first South African brand to stage a full runway show on the official Paris Fashion Week calendar.
Shein Shares Sink to Record Low After Profit Plunge
The ultra-fast-fashion giant’s share price fell 12 percent after it reported a steep drop in first-half operating income in its inaugural earnings as a public company.
Revolve Launches Annual Print Magazine
The annual publication, whose inaugural issue features Kendall Jenner, Alex Consani and Teyana Taylor, will be available digitally and in stores.
Scarlett Johansson’s Skincare Brand The Outset Closes
As of Monday, the premium brand’s website has been updated with a message announcing its closure.
The CFDA Appoints Hildy Kuryk as Interim CEO
The trade body temporarily appointed Kuryk as it searches for a permanent replacement for former chief executive Steven Kolb, who resigned following a viral altercation with PETA protesters.