Piper Kourtney

20/05/2024

Beauty brand Revlon has appointed Thernavia Rocker as its new chief people officer, replacing Ely Bar-Ness, who departs from her role as chief human resources officer next month.

Rocker joins the make-up brand on June 3 and has significant leadership experience in human resources, organisational transformation, DEI (diversity, equity, and inclusion), corporate strategy and sustainability, and most recently served as Under Armour, Inc.’s chief people and transformation officer.

In addition to her role as chief people officer, Rocker will also play an advisory role in building Revlon’s ethnic hair care portfolio and report directly to chief executive officer Elizabeth (Liz) Smith.

Commenting on the appointment, Smith said in a statement: “Tchernavia brings extensive human capital management and leadership experience to our team at a critical time in our transformation.

"I am thrilled she is joining Revlon and am confident her expertise will be highly valuable as we continue to drive our next phase of growth.”

A person who never made a mistake never tried anything new.

08/05/2024

At a factory opening that produces Prada knitwear, Lorenzo Bertelli, the group’s marketing director and son of Miuccia Prada and CEO husband Patrizio Bertelli, told reporters the company is open to M&A opportunities.

“We have been and will always be open to considering opportunities,” Bertelli said at the Torgiano-based based factory. Prada has been investing in its supply chains for many years, focusing on near-shoring production to Italy to building a more agile, shorter and more transparent supply chain.

But as WWD reported, Italy’s luxury sector is operated by many family-run companies, who cannot compete against the luxury behemoth groups like LVMH and Kering. While sizeable companies of their own accord, businesses like Brunello Cucinelli, Salvatore Ferragamo, Prada, Moncler, and Ermenegildo Zegna remain independent and much smaller.

24/04/2024

Jason Wu Beauty, the cosmetics brand founded in 2021 by cosmetics industry legend Toni Ko and fashion designer Jason Wu, is expanding into CVS stores across the US.

The beauty brand is joining CVS’s off-shelf display programme and launching a range of affordable essentials for the eyes, cheeks, lips, and brows in more than 3,000 CVS stores nationwide.

Commenting on the expansion, Wu said in a statement: “We created Jason Wu Beauty to inspire others and show that everyday beauty can be effortlessly chic. I am so excited to continue to bring products to the marketplace for customers who enhance their natural beauty and allow their confidence to shine.

“This expansion with CVS allows us to reach even more of our audience and provide them with the opportunity to make picking up their favourite Jason Wu Beauty products easier than ever.”

CVS will have a curated collection of Jason Wu Beauty bestsellers, including the Flora 9 Mini Palette in Matte Agave, the Opal Stick Highlighter, the Blush Trio Palette in Beautiful Earthling and the Kindness For Your Lips Lip Oil.

There will also be the Tint It Oil It Plump It Pink Pineapple, the Hot Fluff Lipstick in Apple Pie, and the Good Night Mr. Wu Lip Mask. Products retail between 12 and 19 US dollars.

16/04/2024

The planned merger between luxury powerhouses Tapestry and Capri Holdings has been approved by market regulators in both Japan and the European Union, bringing the duo one step closer to their goal.

In a regulatory filing, Tapestry confirmed the news that the merger plan had been cleared by the European Commission under the EU Merger Regulation and the Fair Trade Commission of Japan under the Antimonopoly Act, both of which approved of the agreement unconditionally.

The duo now await a decision in the US, where the only outstanding antitrust regulatory approval is situated.

Tapestry, the parent company of Coach, Kate Spade and Stuart Weitzman, announced its intention to acquire competitor Capri Holdings Limited in August of last year, in a deal valued at approximately 8.5 billion dollars.

At the time, Capri Holdings, whose portfolio comprises luxury labels Michael Kors, Versace, and Jimmy Choo, said the merger would result in the establishment of a “powerful global house of iconic luxury and fashion brands” that were present in 75 countries.

Tapestry CEO, Joanne Crevoiserat, seconded this sentiment, adding that the coming together of the six fashion labels would unlock “a unique opportunity to drive enhanced value for our consumers, employees, communities, and shareholders around the world”.

16/04/2024

Supermarket giant Asda has said that its clothing brand George welcomed “soaring growth” in both online and in-store fashion sales over the latest six-month period.

According to the retailer with reference to a report by Kantar, George at Asda had significantly outperformed the market, with online sales up 13.4 percent over the 24 weeks to March 3, 2024. This reflected a “huge outperformance” in comparison to a 2.1 percent increase in the sector across the wider market.

The brand also outperformed the market in its stores, where fashion sales by value rose 5 percent, compared to 0.7 percent across the market, and volume growth was up 1.1 percent, ahead of a 5.5 percent decline within the sector as a whole.

The reasons for the uptick were cited as the rise of the George Home business, the exclusive Stacey Solomon range and the online division.

Meanwhile, in a release, managing director of George, Liz Evans, stated that the demand was further reflective of the company’s investment into its teams, product and channels, as part of an ongoing brand refresh.

Evans continued: “As we continue to reinvigorate our retail proposition and build customer-centric destinations, our outperformance to the market demonstrates the growth potential George has.

“Early sales indications from our spring collections suggest George will continue to win in womens and menswear whilst maintaining its position as the UK’s third-largest apparel retailer by sales volume.”

05/04/2024

The shoe brand Heydude is now taking off in Germany. After announcing its expansion into the UK in March, the brand, which belongs to US shoe retailer Crocs Inc., is now also launching its own online shop for the German market, Heydude announced on Thursday. The brand, which was founded in Italy, is also available in more than 1,450 shops in Germany, including branches of shoe retailers Deichmann and Foot Locker. From May, the Berlin online retailer Zalando will also be one of the suppliers.

However, the brand, which was founded in Italy, was already active in Germany before the "official launch". After Crocs secured a 2.5 billion dollar deal at the end of 2021, the Hooijer Footwear Group became a distribution partner for Germany, Austria, Belgium and Luxembourg following a successful collaboration in the Netherlands. Since August, the Dutch family business has also been the official sales partner of the Crocs brand for these markets. Heydude has been active in the home market of its parent company Crocs, Inc. since 2010.

"We are excited to officially launch our Heydude brand in the German market and introduce customers to the same lightweight comfort and versatility that our rapidly growing US fan base knows and loves," said Kelly Cortina, global chief product and merchandising officer of Heydude. "We know from internal data that once consumers try a pair, they will buy an average of four pairs. We are confident that our brand will resonate with the German audience and that they will love the simplicity and timeless style of our product."

20/03/2024

A shopper on TikTok was left in disbelief after finding a label by controversial fast fashion platform Shein that appeared to have been sewn into her garment from Jaded London.

In a video posted to the social media platform, Emma Silverman showed the lining of the supposed Jaded London top, in which both a tag from the brand and a tag from Shein had been attached inside.

Silverman suggested that she could have purchased the 83 dollar top as a cheaper dupe on the Shein platform, but instead opted to buy from Jaded London despite the high demand.

Speaking in the video, she said: “I bought this top from the damn website. I was waiting and waiting, it was out of stock, and I was like yes it’s in stock, my size. I could have bought it on Shein for probably like 10 dollars. This is so annoying.”

While the video sent TikTok users into a spiral of speculation, Jaded London took to the platform to address the situation.

In comments responding to Silverman's video, the brand said: “We are in contact with Emma and it is being dealt with. Again, we have zero idea how it could possibly java that tag – Shein is not a manufacturer, it is a shop face and we have no association with it.”

It added: “All ‘similar’ designs featured on Shein and sites alike are copies of our existing designs, not the other way around. We are looking into how this has possibly happened as we speak.”

FashionUnited has contacted Jaded London directly for comment.

20/03/2024

H&M's latest designer collaboration is with Rokh

Swedish fashion retailer H&M is spotlighting emerging brand Rokh by Korean designer Rok Hwang for its next designer collaboration. H&M said that the collaboration with Rokh will span womenswear, menswear and accessories and will offer Hwang’s “cleverly customisable designs infused with off-beat elegance”.

Launching on April 18, the collection features Rokh’s adaptable signatures, including double-layer trench coats, detachable-hem dresses, corset-style pieces, office-inspired handbags and statement jewellery.

11/03/2024

Key Trends: Animal prints, cocooning and more at Milan Fashion Week FW24

According to The Guardian, it was down to Giorgio Armani to sum up the FW24 edition of MFW. “For me, what fashion can do is convey a sense of renewal, but also joy. We aren’t changing the world, nor can we solve the world’s problems, but we can give people a moment of lightness, the feeling of being different, new and even more beautiful. These are small pleasures, but sometimes small things can make a big difference.”

Animal Magic
Regardless of runway trends in other fashion capitals, animal prints are an Italian style perennial. This season saw a focus on that mainstay of the mob wives aesthetic, leopard prints.

29/02/2024

Moncler Group's revenues and profit surge in 2023

In 2023, Moncler Group reached consolidated revenues of 2.98 billion euros, up 17 percent cFX compared with the same period in 2022. In the fourth quarter, Group revenues were 1,177.9 million euros, up 16 percent cFX compared with the same period of 2022.

In 2023, the consolidated gross profit was equal to 2,300.8 million euros, Group EBIT rose to 893.8 million euros with a margin of 30 percent, and net result increased to 611.9 million euros.

Moncler SpA, parent company’s revenues increased 13 percent to 473 million euros, while net income decreased 30 percent to 195.7 million euros.

Commenting on the company’s trading performance, Remo Ruffini, chairman and CEO of Moncler S.p.A., said: "2023 marked the 10-year anniversary of our listing on the Milan stock exchange. I am very proud today to celebrate this significant milestone with a record set of results: 2.98 billion euros in revenues, EBIT of 894 million euros, and over 1 billion euros of net cash.”

21/02/2024

Coty and Etro sign new beauty and fragrance license

Beauty and cosmetics giant Coty has inked a long-term beauty license with luxury Italian fashion house Etro to produce and distribute its signature fragrance lines and home scent collections beyond 2040.

In a statement, Coty said that the deal will actively drive the expansion of Etro’s fragrances, and it will also work with the fashion house to explore new categories and innovations “to grow the brand’s beauty portfolio”.

Sue Nabi, chief executive at Coty, said: “We are delighted to announce our new alliance with Etro, an Italian luxury fashion house that is renowned for its timeless designs and relentless focus on quality. Etro is an iconic brand with a long-standing heritage of excellence that is reflected across every facet of its business.

“This agreement further underscores Coty’s focus on fashion driven licenses with significant multi category potential which resonate with consumers in our key markets. We are excited to collaborate with Etro, building on the brand’s existing beauty offering and bringing its unique brand identity to life through new categories and launches.”