Kim K’s Skims: Shapewear to Shareholders?
Skims, co-owned by Kim Kardashian and Jens Grede, has secured $270 million in its latest fundraising, lifting the company’s valuation to $4 billion
H&M Announces Expansion into Brazil by 2025
Fashion retailer H&M has revealed plans to expand its presence into Brazil by 2025, encompassing physical stores and an online platform
Empower Global: A New Platform Amplifying Black-Owned Businesses
Sean “Diddy” Combs has initiated Empower Global, a digital marketplace catering exclusively to Black-owned businesses.
H&M Expands Beyond Apparel
Fast-fashion retailer H&M is diversifying its portfolio beyond clothing. In response to stagnant sales, the company is expanding into beauty products and housewares and offering products from third-party brands.
Dries Van Noten destroys silos with new Paris boutique
Dries Van Noten’s latest retail concept is designed to showcase the interplay between the designer’s beauty, fragrance and accessories ranges, according to a report published by WWD.
Frasers snaps up stakes in Boohoo
Frasers has disclosed an 8.9 percent stake in Currys and 5.01 percent stake in Boohoo, according to a report published by Reuters.
Kering to pay record rent for Bond Street store
Kering has agreed to pay a record £13 million per year to lease a six-storey building on London’s luxury hub, Bond Street, according to a report published by the Retail Gazette.
Gucci premises inspected by European Commission over anti-trust concerns
Kering has announced that the Italian premises of its Gucci brand are being inspected by the European Commission as part of a preliminary investigation into the fashion sector in several countries under EU antitrust rules.
Farfetch posts record revenue for 2022 despite Q4 dip
Farfetch has announced its results for the fourth quarter and full year 2022. The online luxury fashion retailer posted record revenue of US$2.3 billion for the year ended December 31, 2022, up 3 percent year-on-year, despite a 5 percent drop in Q4 revenue.
Fashion platform Moda Operandi launches into Beauty section
Fashion platform Moda Operandi has launched into the beauty sector, launching 55 55 skincare, fragrance, makeup, haircare, and body care brands.
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