TikTok is the world’s fastest-growing brand, the new Brand Finance Global 500 2022 report reveals. A new entry to the list, it’s up 215% in a year, leading the global revolution in media consumption.
With major expansion in the UK and US ahead and an impressive performance across November and December behind it, Wednesday’s trading update for Revolution Beauty Group was a “pleasing" one to deliver.
Luxe French swimwear label Vilebrequin has appointed IMG to “extend its brand globally through product and brand licensing partnerships, in a multi-year global deal”.
A day after Moncler said it would stop using fur in its collections, Dolce & Gabbana has also announced a ban on both fur and Angora across its fashion and accessories offer.
Isak Andic, founder of the Spanish retailer Mango, creates a board of directors for Punta Na and appoints himself as chief executive. His children Jonathan, Judith, and Sarah Andic will also form part of the board.
Chinese fashion retailer Shein is reviving plans to list in New York this year and its founder is considering a citizenship change to bypass proposed tougher rules for offshore IPOs in China, sources said.
Sales at Italian fashion group Tod's in 2021 rose by 40%, the first increase after five years of consecutive declines, beating market expectations.
Unilever is cutting 1,500 jobs and reorganising its structure as it comes under pressure from investors over its sluggish performance. Beauty & Personal Care chief Sunny Jain is also leaving the firm.
THG shares continued to struggle this week with the business losing almost 20% of its market capitalisation on Monday as the share price headed downwards.
Swiss watch giant Swatch Group had good news on Tuesday as it made a 2021 profit on the back of rising sales. And it expects double-digit local currency sales growth this year too.
Fragrance maker Inter Parfums Inc. announced on Monday full-year net sales for 2021 catapulted 63% compared to 2020, on the back of double-digit net sales growth in the fourth quarter.
British premium bags brand Strathberry has secured £8 million in funding from investment group BGF as it sets its sight on growth outside of the UK.
LVMH's luxury watch brands Hublot and Bulgari have pushed sales above 2019 levels in the past year and more growth is expected this year on strong U.S. demand, company executives have said.
Italian Instagram star Chiara Ferragni has mandated BNP Paribas to find a new investor to help grow her fashion brand internationally, one of her financial backers said on Monday.
Kohl's Corp shares soared 36% on Monday after a Reuters report that private equity firm Sycamore Partners had approached the department store chain with a potential takeover offer of $9 billion.
