Bernard Arnault Invests in Richemont
Bernard Arnault, the billionaire founder of LVMH, has acquired shares in Richemont, the Swiss luxury conglomerate known for its high-end jeweller Cartier.
Yoox Net-a-Porter Shuts Down China Operations Amid Economic Challenges
Luxury clothing sales platform Yoox Net-a-Porter (YNAP) is ceasing its operations in China.
Chanel Billionaire’s Son David Wertheimer Establishes US$110 Million Private Equity Firm
David Wertheimer, the son of one of Chanel’s billionaire owners, has launched a private equity firm named 1686 Partners, raising over US$110 million to invest in fashion, cosmetics, and lifestyle products.
Bernard Arnault Names Son Frédéric as Head of LVMH Family Holding Group
Bernard Arnault has named his son Frédéric as the new managing director of Financière Agache, a family holding company that controls LVMH.
Kering Appoints Laurent Claquin as Group Chief Brand Officer
Kering has announced the appointment of Laurent Claquin as Group Chief Brand Officer, effective July 1st, 2024.
Virginie Viard Exits Chanel, Leaving Top Fashion Job Open
Virginie Viard has exited her role as Chanel’s artistic director of fashion collections, a position she has held since Karl Lagerfeld’s death in 2019
Estée Lauder Plans to Retain Longtime CEO Fabrizio Freda Amid Succession Planning
Estée Lauder’s Board of Directors plans to retain CEO Fabrizio Freda, extending his 15-year tenure despite recent performance setbacks and internal family divisions.
The Fashion Institute of Technology opens The Beauty Center
The State University of New York’s Fashion Institute of Technology (FIT) has announced the launch of The Beauty Center at FIT. Billed as a dynamic research center for the beauty industry, the new facility will accelerate the college’s ability to predict market trends, identify strategic business opportunities and build on its research success.
We need to talk about Shein. British lawmakers call for greater scrutiny of Chinese fast fashion firm
The chairs of three UK parliamentary committees have raised concerns over Shien’s planned London listing and are calling for greater scrutiny of the Chinese fast fashion firm ahead of any IPO.
LVMH names CEO of Fendi
LVMH has announced that the Managing Director of its Fashion Group, Pierre Emmanuel Angeloglou, will take on additional responsibilities as CEO of Fendi. Incumbent Serge Brunschwig is set to take on a new role, which will be announced in due course.
Puig Unveils New Company Logo Symbolizing a Fusion of Heritage and Innovation
Puig, a venerable name in the beauty and fashion industry, has introduced a new company logo that honors its storied past while looking forward to a vibrant future.
Bella Hadid Launches ‘Ôrəbella, A New Era of Fragrance, Exclusively at Ulta Beauty
Model, activist, and entrepreneur Bella Hadid has officially introduced her innovative fragrance brand, ‘Ôrəbella, to the beauty market.
Kate Moss Launches Cosmoss at London’s Liberty Beauty Hall
Supermodel and entrepreneur Kate Moss has officially launched her wellness brand, Cosmoss, at the renowned Beauty Hall of Liberty department store in London.
Harvey Nichols Appoints Julia Goddard as CEO Amidst Strategic Reorganization and Market Challenges
.Harvey Nichols has appointed Julia Goddard as its new chief executive, succeeding Manju Malhotra who served the luxury retailer for 25 years
Puig Targets a Record-Breaking US$14.8 Billion Valuation in Spain’s Largest IPO in Nearly a Decade
Puig, the Barcelona-based company, is set to make a landmark debut on the public market with an anticipated valuation of up to 13.9 billion euros (US$14.8 billion)
Spanish Beauty Giant Puig Prepares for Landmark IPO Amid Market Uncertainties
The Puig Group SL, a Spanish cosmetics and beauty company, is reportedly planning to announce an initial public offering (IPO) in Madrid, aiming to raise between €2 billion and €3 billion.
Kering Expands Luxury Empire with Strategic Milan Real Estate Acquisition
Kering SA, the luxury conglomerate behind Gucci, has acquired a prime real estate asset for €1.3 billion on Milan’s elite Via Monte Napoleone from a Blackstone Property Partners Europe subsidiary.
Scents of Innovation: Steve Madden’s Fragrance Reentry with Parlux
Steve Madden is teaming up with Parlux for a new venture into the fragrance market.
Celine Launches Into Luxury Cosmetics
LVMH-owned Celine, announces its first venture into cosmetics with Rouge Triomphe, a lipstick debuting in autumn 2024.
L’Oréal Paris South Africa Named Official Beauty Sponsor for South African Fashion Week 2024
L’Oréal Paris South Africa announces its role as the official makeup and beauty sponsor for South African Fashion Week’s April and October editions.
Valérie Duport Departs Kering, Leaving a Legacy of Luxury and Elegance
Valérie Duport is leaving her position at Kering this Friday to pursue other projects, ending her tenure that began in 2016 after a long career at Chanel.
Estée Lauder x Shuting Qiu
The Estée Lauder Company has collaborated with Chinese fashion designer Shuting Qiu to launch a limited-edition makeup collection featuring vibrant floral motifs and traditional Chinese elements.
Naomi Campbell’s Antibacterial Fashion Line
Naomi Campbell has launched a new fashion line with Hugo Boss, featuring clothing with an antibacterial finish.
Chanel Announces Asia Leadership Change
Chanel is preparing for a leadership transition in its Asia Pacific region, with Vincent Shaw, the current Asia Pacific president, set to retire at the end of June after a 30-year tenure.
H&M names millennial CEO as Helmersson steps down
H&M Group has named Daniel Erver as President and CEO, effective immediately. The 42-year-old has worked for the company for the past 18 years, most recently responsible for the H&M brand, a position he will continue to hold.
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