Condé Nast Union Threatens Strike Ahead of Met Gala
The union delivered the announcement through a video at a bargaining session today, promising “a week of union actions” in the statement.
The chief executive of the online peer-to-peer marketplace believes the platform’s ability to connect people sets it apart from typical fashion e-commerce.
Vestiaire Collective’s Max Bittner and Depop’s Maria Raga discussed the opportunities and growing pains of the burgeoning resale market at VOICES 2019.
The companies cashing in on fashion’s fast-growing resale market are positioning themselves as a solution to the industry’s sustainability problems. But the reality is far more complex.
The industry is grappling with an uncertain outlook amid projections for slowing growth and mounting socio-political unrest, but new technology and business models offer hope for innovative solutions.
According to GlobalData, the resale market will exceed $50 billion in 2023 — up from $24 billion last year. Max Bittner, CEO of the Paris-based reseller Vestiaire Collective, joins peer-to-peer platform Depop’s CEO Maria Raga in a discussion about the burgeoning resale economy moderated by BoF’s Sarah Kent.
According to GlobalData, the resale market will exceed $50 billion in 2023 — up from $24 billion last year. Max Bittner, CEO of the Paris-based reseller Vestiaire Collective, joins peer-to-peer platform Depop’s CEO Maria Raga in a discussion about the burgeoning resale economy moderated by BoF’s Sarah Kent.
This week, Bottega Veneta appointed Claus-Dietrich Lahrs as chief executive officer, and Nina Nitsche joins Vetements.
The union delivered the announcement through a video at a bargaining session today, promising “a week of union actions” in the statement.
The transaction, which includes funding from Blackstone and Goldman Sachs, values the company at $6.4 billion.
The Lithuania-based group said growth had been spurred by entering new markets including Denmark and Finland and an expansion into luxury fashion.
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).
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.
The private equity fund has entered into a definitive deal with the Percassi family, which will retain a “significant stake” in the business.
The company confirmed in January that it planned to restart activities in Venezuela in the first half of 2024 with local partner Grupo Futura.
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.