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.
Julie Wainwright
Inside The RealReal’s Big Reset
The luxury resale platform’s CEO John Korryl spoke with BoF exclusively about new revenue streams, consignment updates and other ways of reaching profitability after a decade of losses.
Anyone Can Now 'Invest' In a Rolex or Birkin. But Should They?
Apps like Rally and Otis have formed with similar missions of 'democratising' the art world through co-ownership and investment. Offering users the chance to invest in 'cultural artefacts,' however, may be risky.
America Still Doesn't Have Its Answer to LVMH
Tapestry and Capri have both struggled to form groups that can compete on a global scale.
The RealReal Responds to Counterfeit Accusations
In an email sent to customers, Chief Executive Julie Wainwright acknowledged that spotting fakes isn’t an exact science.
Introducing the Latest Speakers for VOICES 2019
Julie Wainwright, Patrick Starrr, Liya Kebede and Dan Widmaier are the latest names to join an exciting and inspirational group of speakers at BoF's Annual Gathering for Big Thinkers to be held in Oxfordshire, UK in November.
The RealReal Rises After Smaller Net Loss Than Expected
Shares rose 20 percent after the luxury goods reseller posted a narrower net loss than expected, and revenues rose 51 percent to $71 million.
The RealReal Soars 40 Percent in Debut
The shares opened at $28, above their initial public offering price of $20.
The RealReal Raises $300 Million in IPO
The luxury reseller made its stock market debut selling 15 million shares for $20, with the company valued at around $1.6 billion.
Inside The RealReal’s Plan to Dominate the Secondhand Luxury Market
The company’s IPO filing reveals its big ambitions - and hints at how expensive it will be to reach those goals.
6 Reasons Luxury Brands Should Embrace the Resale Market
Luxury brands have long insisted that selling products second-hand weakens brand value and encourages counterfeiting. But getting into the game may be worth the associated risk.
Luxury Resale’s Quiet Reckoning
High-end re-commerce sites like The RealReal and Vestiaire Collective do big business, but the luxury resale market faces challenges ahead.
Vintage Boom Buoys RealReal and Jolts Luxury Labels
The RealReal could be ready IPO within two years, when it expects the value of goods sold on the site to reach $1 billion annually, and is also in talks with LVMH and Kering over potential partnerships.
Company Snapshot
The seasoned executive has built one of the most successful consignment businesses, which has raised $288 million in funding.
The News in Brief
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.
Unilever Sales Rise More Than Expected, Led by Beauty
Unilever Plc sales jumped more than expected in the first quarter as Chief Executive Officer Hein Schumacher pushes ahead with his turnaround plan and shoppers come back to premium brands.
Biden Signs Possible TikTok Ban Into Law; ByteDance Vows Legal Challenge
President Biden signed the bill that gives China-based ByteDance 270 days to divest TikTok’s US assets or face a ban.
Google Postpones Phasing Out of Ad Cookies in Chrome Browser
The Alphabet Inc. company said in a blog post Tuesday that it’s still working with the ad industry and regulators on the plan.