Richemont Acquires Italian Jeweller Vhernier
Vhernier is small but Richemont has a history of turning small brands into success stories
Emma Chamberlain
Company Snapshot
The content creator is one of YouTube’s most-recognisable faces and cemented herself as a force in fashion by securing first-of-their-kind partnerships with Louis Vuitton and Cartier.
The News in Brief
TikTok Sues US Government to Block Divest-or-Ban Law
The company has argued that the law will stifle free speech and hurt creators and small business owners who benefit economically from the platform.
Prada Heir Says the Group Is Open to More M&A
‘We have been and will always be open to considering opportunities,’ Lorenzo Bertelli told reporters Tuesday at the opening of a knitwear factory in Torgiano, Italy.
Zalando Returns to Growth Thanks to Premium Brands
The online fashion marketplace average order value increased to €60.4 ($65) in the first quarter, from €57.3 a year earlier.
Coty Sales Rise 8%, Led by Prestige Beauty
Beauty company Coty beat Wall Street expectations for third-quarter revenue on Monday and said it expects to achieve the high end of its annual targets, riding on steady global demand for its luxury and mass-market products.
Canada’s Competition Bureau Opens Greenwashing Investigation of Lululemon
A complaint by climate-advocacy group Stand.earth prompted the inquiry.
Condé Nast and Union Strike Deal, Avoiding Met Gala Disruption
The new contract includes $3.6 million in wage increases, and eight weeks of severance for laid-off employees, according to a statement from the NewsGuild of New York, the union’s organising body.
Shiseido Taps Six Athletes for Sun Protection Campaign
The Japanese skincare company has recruited the likes of softball player AJ Andrews and Anna Leigh Waters to reach new audiences and grow awareness.