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VF Corp unveils five-year growth strategy, cuts FY23 guidance on weak Q2 performance
VF Corp. announced on Wednesday a new strategy to accelerate revenue growth by a compound annual growth rate of mid- to high-single digits by 2027, as looks to expand into new categories and markets.
Fashion
Business
Shiseido to acquire Gallinée, the microbiome skincare brand
Shiseido Europe is set to acquire Gallinée, a brand founded in 2016 by France’s Marie Drago. The brand harnesses active probiotics to soothe, balance and strengthen skin.
Beauty
Business
Labour pledge to abolish business rates questioned by property specialist
As Labour surges in the UK polls, it’s clearly scenting opportunity in areas the Conservatives haven’t fully addresses and has pledged to abolish business rates and introduce initiatives to ‘save the high street’.
Fashion
Business
Tough times for Boohoo as macroeconomic backdrop dents sales and profits
Boohoo’s much anticipated interim results Wednesday showed the company is continuing to sell huge amounts of product and make profits, but it’s not the fast-fashion star it used to be and it issued a profit warning.
Fashion
Business
Design
Paris Fashion Week: Courrèges, 3.Paradis, Koché and Undercover
Paris Fashion Week is all about seeing independent designers, like Christelle Kocher at Koché, Emeric Tchatchoua at 3.Paradis and Jun Takahashi at Undercover. Even if the best show was Nicolas Di Felice for Courrèges.
Fashion
Catwalks
Puma launches We Are Legends platform
Puma wants to honour the Black community and its designers with a new platform incorporating storytelling and product development initiatives, driven by a black designer collective.
Fashion
Design
Kate Spade teams up with Harlem's Fashion Row
As part of the partnership, a new program starting Tuesday offers students at Bowie State University unique access to engage with Kate Spade’s team of executive leaders and designers.
Luxury
Design
Milan Fashion Week Sunday: Giorgio Armani, Benetton and Moncler
A final 24 hours of contrasts in the Milan runway season, starring Italy’s single most famous designer and its most mass market brand, Benetton, with the debut of Andrea Incontri; followed by a mass march at Moncler.
Fashion
Catwalks
Appointments
Pierre Fabre appoints new managing director of its dermocosmetics and personal care division
The Pierre Fabre group has just appointed Frédéric Ennabli as managing director of its dermocosmetics and personal care division, which includes brands such as Klorane, Avène and Ducray.
Beauty
Appointments
Primark France adds to management team
The Irish fashion retailer's French subsidiary has announced the appointment of Ayoub Rabia as regional manager for the Rhône-Alpes, Grand Est area, and of Alexandra Wagner as communications director.
Fashion
Appointments
Eddie Bauer names new CEO
Outdoor apparel and lifestyle brand Eddie Bauer has named outdoor veteran executive Tim Bantle as chief executive officer.
Fashion
Appointments
Lululemon appoints Clark new senior VP for Europe
Lululemon has a new Senior Vice President to lead the sportwear retailer’s EMEA region. Sarah Clark joins this week as the retailer “continues to grow and deliver on its next chapter of international expansion”.
Fashion
Appointments
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