Vinted Moves Into Profit After 61% Sales Rise
The Lithuania-based group said growth had been spurred by entering new markets including Denmark and Finland and an expansion into luxury fashion.
Joseph Dirand
BoF Exclusive | Clare Waight Keller Exiting Chloé
The Richemont-owned brand has confirmed the designer’s March 31 departure. Her final collection will be shown at Paris Fashion Week on March 2.
Week in Review | Au Revoir Ann Demeulemeester, Fashion Archives, Vika Gazinskaya, Stefano Pilati, Nike, Brazil, Paul Smith, Joseph Dirand
BoF editor-in-chief Imran Amed recaps the week in the business of fashion.
Workplace & Talent
The Creative Class | Joseph Dirand, Architect
Joseph Dirand likes to live fast and furiously. He is as obsessive about food as he is about music and wouldn’t mind being a woman. Along the way, the architect, an admitted control freak, has redefined our expectations of what a successful fashion retail experience should be.
The Creative Class | Joseph Dirand, Architect
Joseph Dirand likes to live fast and furiously. He is as obsessive about food as he is about music and wouldn’t mind being a woman. Along the way, the architect, an admitted control freak, has redefined our expectations of what a successful fashion retail experience should be.
Company Snapshot
The Parisian architect has made a name for himself by creating stark, linear, monochromatic spaces for luxury brands like Chloé.
The News in Brief
Spain’s Puig Sets IPO Price Guidance at Top of Range
The Barcelona-based firm set the price guidance at €24.50 per share, according to terms seen by Bloomberg News, giving the company an implied market value of €13.9 billion ($14.9 billion).
L’Occitane’s Billionaire Owner Close to Possible $7 Billion Buyout Bid
Chairman Reinold Geiger’s investment holding company, L’Occitane Groupe SA, is considering an offer for the Hong-Kong listed firm’s shares he does not already own, at HK$33 to HK$34 per share, the report said, citing people familiar with the matter.
LVMH-Backed L Catterton Agrees to Buy Majority Stake in Kiko
The private equity fund has entered into a definitive deal with the Percassi family, which will retain a “significant stake” in the business.
Zara Re-Enters Venezuelan Market
The company confirmed in January that it planned to restart activities in Venezuela in the first half of 2024 with local partner Grupo Futura.
EU Hits Fast-Fashion Giant Shein With New Digital Rules
The move means Shein could be liable for fines of as much as 6 percent of global revenue for violating the law, designed to curtail the spread of illegal content online.
Shares of Versace Owner Capri Seen Falling 30% If Deal With Coach Owner Tapestry Fails
Since the merger announcement, Capri has reported weaker-than-forecast earnings twice, spurring concern about its performance in the coming quarters.
Celine Adds To Fragrance Line-Up
The new scent, Zouzou, is the fashion house’s first new perfume since 2022.