Few cultures create as many products devoted to beauty as France, and few nations have as many beauty parlors as the French. One reason a new technology using LEDs to regenerate cells is causing a stir in France.
L Catterton, the private equity firm backed by French billionaire Bernard Arnault and luxury goods empire Louis Vuitton Moet Hennessy, is exploring options to go public, according to people familiar with the matter.
Safilo has both lost licences and picked up a number of new contracts in recent periods and the latest win is with upscale American fashion brand Carolina Herrera.
Swiss luxury goods group Richemont said Friday that sales had climbed above their pre-pandemic level thanks to sales in Asia, the Americas and Middle East. Jewellery sales led the advance, while fashion sales declined.
Burberry has reported “an excellent start” to its financial year with a Q1 trading update on Friday showing it has “attracted new, younger luxury customers to the brand”.
The Kate Hudson-backed athleticwear brand has reportedly tapped banks in order to help it prepare for an initial public offering, which the company hopes will value it at over $5 billion.
The company has become a pioneer in Spanish fashion with the launch of an accelerator in collaboration with Plug and Play. The programme could invest up to 15 million euros in projects over the next three years.
The Italian luxury label has launched its new SF logo, consisting of two slim, stylised capital letters, featured for the first time on the accessories of the men’s Fall 2021 pre-collection.
UK beauty clinic specialist The Skincare Sanctuary has bought anti-ageing professional skincare brand Gatineau for an undisclosed sum. The London-based clinic group has purchased the brand from Revlon Consumer Products.
Pan-European budget retailer Pepco talked of a “resilient rebound in trading [with] strategic momentum maintained” on Thursday as it delivered its Q3 results.
Department store Liberty has filed its results for the year to the end of January and said that it was "significantly impacted" by the three separate Covid lockdown in the UK that dented footfall to its London flagship.
Fast Retailing has cut its annual profit outlook as extra Covid restrictions in Japan and elsewhere dented footfall. But its nine-month and Q3 performances were broadly strong and Theory improved in the latest quarter.
ASOS has seen another good trading period with the four months up to the end of June seeing healthy revenue growth, despite volatile demand, increased global supply chain issues and continued Covid restrictions.
Coinciding with the launch of Desigual's start-up accelerator, FashionNetwork.com spoke to the Catalan label's CEO, Alberto Ojinaga, who explained the group’s new strategy centred on innovation and collaboration.
As the digital-first eyewear retailer prepares for an IPO, it is reportedly planning on opening hundreds of new locations in order to drive its next phase of growth.
