On Monday, the company, best known for its Hydrafacial brand, announced that president and chief executive Andrew Stanleick will be stepping down from his role …
Company
how an ‘ugly’ orthopaedic shoe company created a brand worth billions
Asked to choose between a brown Birkenstock and a pink stiletto, most people would be able to make a fairly quick decision. In this year’s …
Tamara Mellon Announces Partnership With Footwear Licensing Company
Luxury shoe designer Tamara Mellon is partnering with licensing company Titan Industries to operate and manufacture her namesake brand, the two companies announced Friday. Under …
Il Makiage Parent Company Seeks Higher Valuation in US IPO
Oddity Tech said on Monday it was targeting a valuation of $1.92 billion in its US initial public offering (IPO), more than 13 percent higher …
Unilever’s New CEO May Need to Get Radical for a Company Turnaround
The Unilever Plc that Hein Schumacher is taking over as chief executive officer next week should be firing on all cylinders. But it’s not. Not …
The Lede Company Acquires OBCM
Public relations firm The Lede Company is acquiring Olivier Bourgis Communication and Marketing, better known as OBCM. The move unites Lede, a New York-based company …
Elon Musk’s brain implant company is approved for human testing. How alarmed should we be? | Elon Musk
Elon Musk’s brain-implant company Neuralink last week received regulatory approval to conduct the first clinical trial of its experimental device in humans. But the billionaire …
EU Parliament Backs Company Checks on Suppliers for Human Rights Abuses
The European Parliament on Thursday approved a groundbreaking draft law that would make it mandatory for large companies to check whether their suppliers are using …
Together Group Acquires Production Company North Six
Together Group, a communications firm that owns design, tech and marketing agencies focused on luxury fashion and lifestyle, has acquired the production company North Six, …
Lululemon Takes Minority Stake in Recycling Tech Company
Athleisure brand Lululemon has taken a minority stake in Samsara Eco, an Australian company that uses enzymes to recycle plastics like polyester and nylon into …
Uniqlo Boss: ‘Without a Soul, a Company is Nothing’
TOKYO — In small black type, neatly packed onto clean, pocket-size white plastic cards are the “23 Management Principles” of Tadashi Yanai, Japan’s richest man …
Spain’s Tendam Hands Russian Shops to Belarusian Company
Spanish fashion group Tendam will reopen its stores in Russia through a Belarusian company, its chief executive officer told Reuters on Tuesday, following the model …
LVMH is now first European company with market value of over USD 500B
French luxury goods giant LVMH Moët Hennessy Louis Vuitton SE, simply known as LVMH, has officially become the first company in Europe with a market …
LVMH becomes first European company to reach $500bn valuation | Luxury goods sector
LVMH, the French luxury goods group behind Louis Vuitton and Moët & Chandon champagne, has become the first European company to hit a $500bn (£400bn) …
Tapestry Invests in Alternative Leather Company Gen Phoenix
Reusable leather-maker Gen Phoenix, formerly known as Eleather, has raised $18 million in a funding round that counts Coach-owner Tapestry and boot brand Dr. Martens …
Gucci Teams Up With Company Behind Bored Ape Yacht Club
Gucci is strengthening its ties to web3. On Monday, the luxury brand announced a multi-year partnership with Yuga Labs, the web3 company behind several well-known …
Kering Eyewear Acquires Manufacturing Company UNT
In a move to shore up its position in the eyewear industry, Kering announced on Monday its eyewear division had acquired the French manufacturing company …
Textile-to-Textile Recycling Company Circ Closes $25 Million Investment
European retail giant Zalando, material science and digital labels maker Avery Dennison and outdoor and sportswear manufacturer Youngone participated in the funding round announced Wednesday, …
Ssense Is the Latest Fashion Company to Reduce Headcount
Ssense, a Canadian retailer that has emerged as a major contender in the online multi-brand luxury space in recent years, has laid off 138 employees, …
Beauty Retailer Morphe’s Parent Company Files for Chapter 11
Forma Brands LLC, the parent company of beauty retailer Morphe LLC, filed for bankruptcy in Delawre on Thursday as it reached a deal with lenders including Jefferies …