Articles by Rachel Douglass
Claire’s steps into Mexico with first flagship opening
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Accessories giant Claire’s has announced its entry into Mexico with the opening of its first premier flagship store in the region, initiated in partnership with Exalta. Located in Mexico City, the new space builds on the retailer’s ongoing international expansion and continues on the premise of integrating personalised experiences into its...
Authentication platform Dust Identity secures 40 million dollar funding
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Dust Identity, a product authentication platform, has announced the closing of a 40 million dollar Series B funding, led by Castle Island Ventures, alongside the launch of its latest mobile solution. The round had participation from new investor Amex Ventures, the managing director of which, Margaret Lim, said that “Dust’s technology provides...
Christian Louboutin signs joint venture deal with India’s ABFRL
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Luxury footwear brand Christian Louboutin has established a new joint venture with Indian firm Aditya Birla Fashion and Retail Limited (ABFRL), which will see both partners hold an equal stake. As part of the deal, the brand’s current Indian business will be transferred into a newly incorporated subsidiary of ABFRL. In a release, Alexis Mourot,...
Alibaba president steps down from Farfetch board
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John Michael Evans, the president of the Alibaba Group, has announced his resignation from the board of directors of luxury retailer Farfetch Limited, with immediate effect. In a regulatory filing, Farfetch said that the resignation “was in furtherance of the arm’s length commercial partnership between Alibaba Group Holding Limited” and the...
PETA’s 2023 Fashion Awards: From Balenciaga’s Lunaform coat to SMCP’s feather ban
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It is that time of year again when the People for the Ethical Treatment of Animals (PETA) reveals the winners of its annual Fashion Awards, through which it looks to recognise “industry trailblazers making fashion kinder to animals and the planet”. This year, the award for Best Luxury Moment went to Isabel Marant after the brand confirmed that...
Matches reportedly seeking cash injection
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Luxury retailer Matches – formerly Matchesfashion – has reportedly appointed the advisory firm Teneo to oversee its efforts to raise equity amid an ongoing turnaround strategy. The company is understood to be targeting a raise of around 50 million pounds, according to Drapers, with the media outlet further noting that “all options are on the...
P&G announces 2.5 billion dollar restructuring, issues Gillette writedown
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Personal care and cosmetics giant Procter & Gamble (P&G) has announced that it will be undergoing a portfolio restructuring of its business operations amid ongoing “challenging macroeconomic and fiscal conditions”. The move will primarily be focused on the group’s businesses in certain Enterprise Markets, including Argentina and Nigeria, where...
Vestiaire co-founder appointed CEO of ReSee
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ReSee, a Parisian luxury resale marketplace, has announced that Sébastien Fabre, co-founder of Vestiaire Collective, has joined the company as its new chief executive officer. The firm announced the appointment on its LinkedIn, where it said in a statement: “Sébastien, a seasoned entrepreneur and leader, brings a wealth of experience,...
Former Bogner director appointed Esprit COO
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Esprit has named Konstantinos Balogiannis the new chief operating officer, managing director Europe and Global Business Development, a dual role he took up towards the beginning of November. Balogiannis announced the appointment on his own LinkedIn, where he said that the project was “extremely intriguing” on so many levels that he “would not...
Macy’s names new chief legal officer, corporate secretary
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Department store chain Macy’s has announced the appointment of Tracy Preston as its new chief legal officer and corporate secretary, effective January 8, 2024. Preston, who will report directly to president and CEO Tony Spring, has been tasked with overseeing a broad range of legal affairs, litigation and compliance for the group, including...