The Estée Lauder Companies (ELC) has announced Nathalie Berger Duquene will be taking on the role as senior vice president, global general manager Balmain Beauty, effective immediately. The announcement follows ELC’s revelation that luxury house Balmain will be joining its portfolio to launch its new beauty label, Balmain Beauty. Duquene will...
Sept 30, 2022
Among the array of investment programmes and funding ventures, a handful of beauty brands experienced some upset during the third quarter, resulting in either pulling out of various markets or calling in investigators to assess recent misfirings. Additionally, celebrities have continued to venture into the sector, largely through genderless...
US start-up Seamm has announced its launch out of stealth with 1.7 million dollars in funding to scale and develop its digital fashion goods platform. From October, the company, which is launching as part of tech conglomerate The Lydian Group, will offer brands the opportunity to expand into the metaverse through the creation of 3D versions of...
European e-commerce platform Zalando has announced an evolution in its strategic partnership with Nike with the introduction of a new membership programme. The feature will gradually roll out through 10 European countries, starting with Austria in October. Customers in each of the regions will be able to access a selection of products once...
PR and communications director of the Zegna Group Domenico Galluccio has announced his intention to step down from the company to pursue a new opportunity. The news was revealed via an internal memo by the group’s chief marketing and sustainability officer Edoardo Zegna, which was acquired by FashionUnited. Galluccio will be departing from...
Robert Triefus, Gucci’s senior executive vice president, corporate and brand strategy, will now also be taking on the new role of chief executive officer for the house’s Gucci Vault and Metaverse Ventures. From November 1, Triefus will oversee emerging opportunities for brand expansion and scaling the luxury brand’s metaverse and gaming...
Search engine Google has debuted a range of new shopping features it said are designed to bring shoppers a more immersive and personalised shopping experience. The features come as part of the platform’s artificial intelligence (AI) model, Shopping Graph, which provides merchants with data-backed information and the ability to have their...
British lifestyle group Joules has said that under its new leadership team, led by Jonathon Brown and supported by Tom Joule in an executive capacity as product director, is making good progress in developing its turnaround plan. The company was responding to media speculation that it is considering an insolvency procedure. Joules said in a...
First Quarter revenues at Nike, Inc. increased 4 percent to 12.7 billion dollars compared to the prior year and were up 10 percent on a currency-neutral basis. However, gross margin decreased 220 basis points to 44.3 percent, while net income was 1.5 billion dollars, down 22 percent and diluted earnings per share were 93 cents, decreasing 20...
"I hope you will be punished": when the commercial court of Lille announced the liquidation of Camaieu, its employees took Michel Ohayon, the Bordeaux businessman who had taken over the ready-to-wear chain and its 2,600 employees, to work. "We fought for this company! I'm as appalled as you are", the businessman, who heads the Financière...
Sept 29, 2022
Fast fashion retailer Shein has outlined a number of targets it is aiming to achieve throughout the company by 2030, including the commitment to reduce absolute GHG emissions across its entire value chain by 25 percent. In a release, the retailer said that embedding science-based targets into its decarbonisation efforts is its way of setting...
Open for Vintage, a luxury resale technology company, has raised a further 1.25 million euros in growth capital, adding to its 700,000 euro raise through a crowdfunding campaign launched in 2021. The Dublin and London-based firm said it would be using the additional funds to invest in a number of strategic hires for both its locations. It...
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