Sunday, 11 April 2021

The Lycra company announces new co-CEOs

The Lycra company is introducing a new co-CEO structure.The leader in developing innovative solutions for the textile, apparel, and personal care industries announced on Thursday the appointment of Yafu Qiu, chairman of The Lycra Company, and Julien Born, chief commercial officer of The Lycra Company, as co-chief executive officers.

H&M to launch collab with Liya Kebede's Lemlem this month

H&M has announced its latest label collaboration and said it's linking up with Lemlem, the womenswear brand founded by Ethiopian supermodel, actress and women’s empowerment advocate Liya Kebede. It's a globally-focused collection that seems to reflect the hybrid nature of fashion at the moment with many consumers around the world unsure of whether they will be going on holiday this year, going back to work in their offices, socialising or simply staying at home.

ASOS is raising £500m for more global expansion

Backed by impressive half-year trading figures and major new financing, Asos said Friday it’s set for major international growth.
A day after seeing its six-month earnings jump to a record high, the UK-based online fashion giant said Friday it plans to use an extra £500m raised from a bond issue to expand globally.

Kim Kardashian’s Skims valued at $1.6 billion

Kim Kardashian’s shapewear brand Skims has reached a $1.6 billion valuation after raising $154 million in its latest funding round, led by venture firm Thrive Capital. The round also included funds from existing investors, Imaginary Ventures and Alliance Consumer Growth. Kardashian will remain Skims’ biggest shareholder after the deal, along with her business partner, Jens Grede.

Wednesday, 7 April 2021

Net-A-Porter launches entertainment-first global campaign

Net-A-Porter has launched a new global campaign that not only marks a new season but also a reopening in large parts of the world as vaccinations allow tentative steps back to normality. The campaign is called Ready-to-Wear? and is meant to be a “rousing call for fashion fans around the world to return to the joy of dressing up as we begin to look to a brighter future.”

H&M Home x Diane von Furstenberg prepares to launch next week

The long-awaited H&M Home x Diane von Furstenberg collection launches on Friday next week with the company saying it consists of the “bold prints that von Furstenberg is renowned for, such as zebra and leopard print, a kissable lip pattern, and Diane’s abstract signature lettering”. It’s a 31-piece collection that includes a range of interiors and decorative items such as wool blankets, cushion covers, boxes, trays, candles, espresso cups, small plates, vases, pots, posters, and a robe.

Vans links with Liberty for womenswear and shoe collection

Sneaker-to-apparel brand Vans has linked up with upscale department store and printed fabrics specialist Liberty for a collection of womenswear and shoes that have just launched.The collab mixes the sporty profile for which Vans is known with the hand-drawn or hand-painted floral prints that Liberty has been marketing for more than a century.

Joules appoints York as CFO ahead of September start

Joules has ended its search for a new chief financial officer, announcing Wednesday it has appointed Caroline York to the post.She joins the family lifestyle retailer no later than September from the price comparison business Moneysupermarket Group where she is finance director.

Tuesday, 30 March 2021

Dior brings ABCDior pop-up to SoHo


Parisian luxury house Dior has announced the opening of a new pop-up boutique dedicated to the brand’s personalization service, in the heart of Manhattan’s SoHo district. Located at 109 Greene Street, the pop-up invites customers to try the brand’s ABCDior service, where they can have their name or initials embroidered onto select products. Customers have the option to personalize bags such as their iconic Lady Dior bag, with ABCDior letters and symbols. 

Donatella Versace launches Medusa Power Talks

Donatella Versace has launched Medusa Power Talks, a female-led platform designed to discuss the experiences of women in power in 2021.And the 65-year-old, perma-blonde whirlwind has invited a quartet of powerful women to debut the talk series, which begins on Tuesday, March 30.

Itzy is the new face of Maybelline

Maybelline New York unveiled on Tuesday its newest global spokesmodels and its K-pop band Itzy.Itzy's members - Yeji, Lia, Ryujin, Chaeryeong, and Yuna - landed a major contract with the U.S. cosmetics giant, which will see the band first appear in Maybelline's Hypersharp Liner, Ultimatte Lipstick, and SuperStay Foundations campaigns in Asia this spring.

Wednesday, 24 March 2021

RYU Apparel appoints new COO, unveils growth strategy

RYU Apparel shared on Tuesday the appointment of Rob Blair as a chief operating officer as it launches a new growth strategy. Blair, who previously worked with brands such as Red Bull, Lululemon, Gap Body, and Nike joined the company in January and has already been credited with advancing the company's design, merchandising, and corporate brand strategy. Moreover, under the leadership of Blair, RYU said it is currently meeting with investors to unveil the beginnings of its growth strategy.

Paul & Shark names Roberto Mancini as latest brand ambassador

Paul & Shark has named Roberto Mancini, the current coach of the Italian national football team, to be its latest brand ambassador.Mancini, who during his career was one of the most technically gifted football players on the planet, joins Antonio Giovinazzi, the Alfa Romeo F1 driver, as the marque’s latest style plenipotentiary.

Benetton Group closes flagship store in central Milan to focus on smaller shops

Italian clothing retailer Benetton Group has shut down its flagship store in the centre of Milan, it said on Tuesday, in order to focus on smaller shops after the COVID-19 pandemic.“The pandemic has led us to reconsider our commercial strategy and in particular the one regarding large-scale stores,” said Benetton Group, when asked about the reasons for the closure.

Luxury brands must adopt holistic approach to reap benefits of sustainability

Bain & Company has teamed up with Positive Luxury to offer a vision of sustainable luxury for 2030, highlighting five key areas of focus for luxury brands hoping to successfully implement sustainability strategies over the next 10 years. Based on the operations of a hypothetical luxury company dubbed LuxCo, the study advocates for a holistic approach to sustainability in the luxury industry in the wake of the Covid-19 pandemic.

Monday, 15 March 2021

Mulberry signs up for Vestiaire Collective's Brand Approved offer

Following the launch of the Brand Approved programme by French resale specialist Vestiaire Collective, Mulberry has become the latest label to sign up.

China's in talks to purchase stake in brokerage worth $1.5 billion - sources Inc is in talks to buy part or all of a stake in brokerage Sinolink Securities worth at least $1.5 billion, three people said, as the e-commerce major aims to bolster its financial services operations.

Rakuten shares jump 24% on Japan Post stake sale

Rakuten Inc’s shares jumped as much as 24% on Monday after the Japanese e-commerce firm said it would raise $2.2 billion through a stake sale to companies including Japan Post and Tencent as it takes on Amazon.Rakuten shares were trading up 18% at 1,471 yen at 02:28 GMT - the biggest rise in 17 years - after earlier hitting a daily limit high of 1,545 yen. That brings Rakuten’s share gain from Friday to almost 30% and lifts its market cap to 2.1 trillion yen ($19.4 billion).

Zalando's outlook for 2021 revenue growth well above market expectations

German online fashion retailer Zalando said on Monday its revenue expectations for 2021 were significantly above market projections, following a strong start to the year.

Sunday, 7 March 2021

Elizabeth Arden taps Sui He as brand ambassador

Elizabeth Arden named top supermodel and actress Sui He as its latest global brand ambassador. The top Asian model has been snapped up by the prestige beauty brand to act as its ambassador in the company's skincare category.