Some brands at ComplexCon don’t even want to be associated with “streetwear." Others are just trying to reckon with now being the mainstream.
With no professional work experience, Gert Boyle was foisted into the top role in her family business.
After Barneys was sold to ABG, Richard and Lisa Perry are looking for a buyer for their Palm Beach, Fla., investment property.
RIYADH, Saudi Arabia — Saudi Arabia, which is opening to new opportunities and looking to build traction around tourism, culture and tradition, has caught the eye of LVMH Moët Hennessy Louis Vuitton and Parsons School of Design, which have both pledged to invest in the country’s emerging fashion and business talent. On Monday, the first day of the inaugural Fashion Futures conference, which is backed by the Ministry of Culture, LVMH pledged a $500 million fund aimed at investing in, and supporting, young designers and creatives in the GCC, which comprises Saudi Arabia, Kuwait, the United Arab Emirates, Qatar, Bahrain and Oman. During a keynote speech, Ravi Thakran, group president, LVMH South Asia and South-East Asia, Australia and Middle East, touted the runaway growth across the entire region, calling it “the factory of the world” and arguing that it will evolve into a “creator of brands” over the next decade. He said the $500 million fund will allow LVMH “to work hand in hand with the Ministry of Culture to develop and promote talent” in Saudi, the largest GCC country, and to enable “regional entrepreneurs to develop businesses” and disrupt the market. Earlier in the day, Hamed M. Fayez, vice minister, Ministry of Culture,Read More...
International Flavors & Fragrances Inc. posted a 40 percent uptick in net sales for the third quarter, mostly due to the company’s acquisition of Frutarom. Net sales were almost $1.3 billion, up from $908 million in the prior-year period. Net income was up 36 percent, to $129.8 million, from $95.7 million. “Scent continued to perform well, growing low single-digits, and we have seen a sequential improvement at Frutarom, with broad-based increases across many categories,” said IFF chairman and chief executive officer Andreas Fibig. While scent segment sales were up 2 percent, with strong performance in fine fragrance in Europe, the Middle East and Asia, the company said. Consumer fragrances grew in the low single digits, led by home care, hair care and fabric care. For more from WWD.com, see: Chillhouse is Switching Up its Business Model Dr. Scholls to Become a Wellness Company Beauty Veteran David Olsen Joins Private Equity Ranks Read More...
The luxury group’s rise reflects the growing importance of the luxury sector for France.
With Series A in the bag for San Francisco-based Senreve, co-founders Coral Chung and Wendy Wen look to go global.
The marketplace showcases the high-end products of 80 Made in Italy niche brands.
The innovative designer is looking forward to working with science-based and technology departments at the technical university.
The jeweler will hold an extraordinary general meeting on Dec. 4 to vote on the appointment.
PwC researchers found that shoppers are buying holiday items throughout the month of November.
Ellie Goulding, Daisy Lowe and Imelda Staunton among other stars have taken part in the film.
The platform held its first sneaker raffle with Urban Necessities, building on its strategy to connect brands and creators with consumers.
Appointments from within the company will affect Timberland, Napapijri and the group’s ranks in the region.
The service will offer further engagements and new interactions to the users of the Yoox app.
The brand founded in 2014 will become even more sustainable, from its packaging to its ingredients.