L’Oreal SA, the world’s largest cosmetics maker, announced on Oct. 20 that it has an agreement to acquire recently reorganised beauty brand Carol’s Daughter through a U.S. unit.
Oscar de la Renta, the Dominican-born fashion designer who spent more than 50 years dressing royalty, Hollywood celebrities and U.S. first ladies, has died at the aged of 82 after a long battle with cancer.
Steven Madden’s stock fell in Monday premarket trading as the footwear and accessories company announced third-quarter revenue that missed analysts’ expectations and gave a profit outlook for the period below Wall Street’s view.
With Stuart Weitzman on the auction block, the designer reveals how he built a footwear brand that generates $300 million in annual revenue with a blend of refined aesthetics, wearability, affordable pricing and vertically integrated manufacturing.
Getting the right fashion products to the right sales channels can be a highly complex process. In the final instalment of a three-part series supported by Lectra, The Business of Fashion traces the path of a product from factory to store, uncovering how technology and data are playing an increasingly important role in helping companies synchronise their supply chains.
Gap Inc. Chief Executive Officer Glenn Murphy will leave the clothing retailer next year, passing the reins to one of his lieutenants, Art Peck.