French luxury conglomerate LVMH bought 60% stakes of Virgil Abloh’s Off-White.
Reebok will be sold to Authentic Brands Group
Adidas announced that the group will sell Reebok to Authentic Brands Group (ABG) with a price up to EUR 2.1 billion.
Fenty Beauty constitutes the majority of Rihanna's values
Fenty Beauty is sold in over 1600 stores across 17 countries. It is estimated that 82.3% of Rihanna’s value which is nearly USD1.4bn, coming from Fenty Beauty.
Loewe held a newspaper show
Loewe presented a full-size newspaper with 64 pages called “A Show in the News” since the brand is unable to hold the planned FW21 show.
La Prairie reported a loss in revenues
Luxury skincare brand La Prairie was hit by covid-19, its parent company Beiersdorf reported 3.6% of 2020 Q1 sales.
Isabel Marant collaborates with Safilo
Isabel Marant teamed up with Italian eyewear manufacturer Safilo to present its first eyewear line.
Clinique's parent company was fined over its false claim
Estée Lauder Group was fined RMB400K over a false claim of Clinique’s fresh pressed daily booster.
Clarks is looking for new opportunities in US market
British shoe manufacturer Clarks is seeking the transforming opportunity in US market after the pandemic.
Allen Solly will expand its distribution
Allen Solly from Aditya Birla Fashion and Retail Ltd. is planning to expand its market to 3rd tier and 4th tier city.
Suitsupply reported a huge loss in revenues
Due to the covid crisis, Dutch brand Suitsupply reported 39% of loss to 205 million euros, and in 2021 Q1, the sales reached only 55% of 2019 level.
E-commerce sales of Salomon reached USD24.8 million.
In 2020, E-commerce sales of Salomon reached USD24.8 million.
Max Mara faced an accusation in Shanghai
Max Mara was accused over the facial recognition camera that has been set up inside the store in Shanghai.
Mary Kay earned 3 awards in 2021
Mary Kay earned 3 awards, Work in Business, Covid-19 Response, and Sustainability Efforts at the 13th Annual 2021 Golden Bridge Business.
Loro Piana reached out to the world of soccer
Loro Piana reached out to the world of soccer for the first time, announcing a partnership with Juventus for 2021/2022.
L'Oréal paris reported growth in revenue in first half 2021
According to the recent released report, the brand reported 20.7% like-for-like growth in first half year 2021.
Kiehl's launched new limited collection
In order to celebrate its 170th birthday, Kiehl’s launched two limited-edition skincare collection in April.