When Birkenstock makes its public-market debut as soon as this month, it won’t just be a win for the nearly 250-year-old sandal maker. It will also be a victory for its owner, L Catterton, which looks all but certain to make a sizable profit, having purchased the company in 2021 for around €4 billion (about …
The Investment Giant Behind Some of Fashion’s Biggest Deals Read More »
Today, the ability to glean and learn from data-driven customer insights is a critical arena in which market leaders build competitive advantage and grow their customer base. Looking ahead to 2025, fashion executives believe integrating digital processes throughout their organisations will be among their top-five areas for digitisation, as reported in BoF and McKinsey & …
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Italy’s Safilo and Amazon said on Wednesday they were launching new Carrera-branded “smart” glasses which employ Alexa technology and will be sold in the US market. The companies said in a statement that the new glasses would offer the wearer up to six hours of continuous media playback or continuous talk time on a full …
Carrera ‘Smart’ Glasses Set for US Launch by Safilo and Amazon Read More »
Italy’s fashion label Moschino will hire its new creative director in the next few weeks, said Massimo Ferretti, the executive chairman at Aeffe, which owns the brand. Jeremy Scott stepped down as creative director last March after a decade in the role. “The new creative director will take care of the new collection,” Ferretti said …
Coty Inc. raised its sales outlook for the current fiscal year, citing continued robust demand for higher-end fragrances. The maker of Burberry and Gucci fragrances now sees like-for-like sales growth of 8 percent to 10 percent in the fiscal year that started in July. That’s up from the 6 percent to 8 percent sales-growth forecast …
Coty Raises Sales Outlook on Strong Fragrance Demand Read More »
Adidas AG chief executive officer Bjorn Gulden said he doesn’t think that Ye, formerly known as Kanye West, really meant the antisemitic statements he made last year that led the sneaker maker to terminate their highly lucrative partnership. “Very unfortunate, because I don’t think he meant what he said, and I don’t think he’s a …
Adidas CEO Says Ye Didn’t Mean His Antisemitic Remarks Read More »
Unilever Plc has hired investment banks Morgan Stanley and Evercore Inc to sell a basket of non-core beauty and personal care brands that include Q-Tips and Impulse, reviving an effort it abandoned two years ago, according to people familiar with the matter. The revival of the sale process, which has not been previously reported, represents …
For Puma, embracing the virtual world has been a learning experience. A year ago, during New York Fashion Week, it introduced Black Station, a 3D online space to showcase new products and ideas that Puma used to launch two new sneakers, the NFRNO and Fastroid, the physical versions of which buyers could only claim after …
Why Puma Sees a Future in Virtual Products, Despite the NFT Bust Read More »
Today’s brands need to be more than just a label on a sweater or a logo on a shopping bag. It’s in part a reflection of the deepening convergence of fashion and beauty with everything from sports to music to pop culture generally, enabling brands to touch so many different aspects of consumers’ lives. In …
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Fast fashion giant H&M has eliminated free returns for online purchases in the UK, where customers will now be required to pay £1.99 for both parcel and in-store returns. However, members of H&M’s customer platform don’t have to pay, and it’s free to register online. H&M CEO Helena Helmersson said last fall that the company …
