Chanel invested a huge amount to recover from pandemic
Luxury maison Chanel reported 41.4% of revenue loss and still invested USD1.1billion to recover during the pandemic.
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.
Isabel Marant collaborates with Safilo
Isabel Marant teamed up with Italian eyewear manufacturer Safilo to present its first eyewear line.
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.
Mar Fernández has become the new chief digital officer of...
Mar Fernández has been appointed by Portuguese accessories company Parfois as their new chief digital officer.
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.
The North Face became a PR attack target
The North Face became a PR attack target after rejecting selling jackets to an oil and gas related company.
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.
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.
LVMH owns the majority of Off-White's stakes
French luxury conglomerate LVMH bought 60% stakes of Virgil Abloh’s Off-White.
Saint Laurent reported a loss in revenues
Kering group reported a decrease on Saint Laurent’s revenue by 14.9% in 2020.
Celine takes 2021 as recovery year
It estimates that 2021 can be the year of recovery for Celine since the brand caught the attention in crucial Chinese market and its popularity is on the rise.
Longchamp starts its sustainability plan with NEOLINE
In partnership with NEOLINE, Longchamp is committed to reduce 50% of transportation containers on its transatlantic shipping.