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Business

Interparfums acquires 25% stake in e-commerce platform Origines-Parfums

Interparfums acquires 25% stake in e-commerce platform Origines-Parfums

Fragrance house Interparfums announced on Wednesday that it has entered into an agreement with Divabox to acquire 25 percent of its ecommerce platform Origines-Parfums. 
Beauty
Business
Stuart Weitzman to close all Japanese stores in August

Stuart Weitzman to close all Japanese stores in August

As it readjusts its strategy in the wake of the Covid-19 pandemic, the New York-based luxury footwear brand is reportedly closing all three of its brick-and-mortar stores in Japan this August.
Luxury
Retail

Macy's posts nearly $4 billion in losses, doesn't expect another shutdown

Macy’s Inc reported a staggering $3.58 billion loss on Wednesday for its coronavirus-hit first quarter as store shutdowns resulted in the department store chain recording a $3 billion impairment charge.
Fashion
Business

Capri estimates 70% plunge in first-quarter revenue, plans Michael Kors store closures

Michael Kors owner Capri Holdings Ltd on Wednesday estimated a stunning 70% drop in first-quarter revenue as the COVID-19 pandemic hammered demand for its luxury handbags and dresses.
Fashion
Business

Design

Parley and Adidas step up their commitment to eradicate ocean plastic

Parley and Adidas step up their commitment to eradicate ocean plastic

The three stripes brand and the NGO Parley for the Oceans are celebrating the fifth anniversary of their partnership with several initiatives to limit marine pollution and put an end to the global plastic crisis.
Fashion
Industry
Dior's Maria Grazia Chiuri and Pietro Beccari reaffirm their loyalty to traditional fashion weeks

Dior's Maria Grazia Chiuri and Pietro Beccari reaffirm their loyalty to traditional fashion weeks

The creative director and CEO of the brand have taken advantage of the announcement of its next cruise show in Puglia to affirm their position as defenders of fashion weeks and physical runway shows. 
Luxury
Catwalks

Lindsay Peoples Wagner and Sandrine Charles launch Black in Fashion Council

To support Black people working in fashion and beauty, the council will form an equality index score that will provide benchmarking around corporate policies and practices pertinent to the inclusivity of Black employees.
Fashion
Industry

Tory Burch Foundation names 50 women entrepreneurs under fellowship program

Through the program, this year's round of 50 women entrepreneurs will receive year-long programming, a $5,000 business education grant and access to an online community of support through the Tory Burch Fellows Program.
Luxury
Industry

Appointments

Hugo Boss poaches another Tommy Hilfiger executive

Hugo Boss poaches another Tommy Hilfiger executive

German fashion house Hugo Boss has appointed Oliver Timm as its chief sales officer with effect from Jan. 1, 2021, just weeks after it hired former Tommy Hilfiger boss Daniel Grieder as its next chief executive.
Luxury
Appointments
YNAP CEO Marchetti joins Armani board as non-executive director

YNAP CEO Marchetti joins Armani board as non-executive director

Yoox Net-a-Porter (YNAP) Chairman and Chief Executive Federico Marchetti was appointed non-executive director on the board of fashion house Giorgio Armani, the luxury group said on Wednesday.
Fashion
Appointments

Adidas HR head steps down after race row

The head of human resources at Adidas has stepped down after a group of employees called for an investigation over her handling of racism at the company.
Fashion
Appointments

L'Oreal to nominate CEO successor, drawn internally, by autumn

L'Oreal 's Chairman and Chief Executive Jean-Paul Agon said on Tuesday he expected the cosmetic group's nominations committee to propose a candidate to succeed him by the autumn as his mandate expires.
Beauty
Appointments

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