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.
Even after physical shows return, many in the industry expect the use of digital communication tools will permanently shift the schedule, cadence and strategy of runway shows. Which platforms will emerge dominant?
"The pandemic is forcing the industry to get creative online and look to precedents set by gaming."
A start-up is betting on virtual reality to spice up the online shopping experience. Goodbye thumbnail product images, hello 'underwater stores' and CGI yoga studios.
The french cosmetics company struck a deal with Amazon, bringing a makeup-testing feature using augmented reality to the platform.
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This week, retail design is adapting to an internet age, while luxury e-commerce platforms launch initiatives to highlight young talent.
"Virtual models are just the beginning of the avatar revolution, some industry observers say."
The announcement comes at a time when retailers are seeking technological advancements to enhance in-store and online customer experience.
Though some are sceptical, many believe virtual reality and augmented reality have the potential to profoundly enhance both the back and front ends of the fashion business.
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This week, the comeback of Chinese social media app Weibo has attracted luxury brands and why augmented reality is set to be bigger than virtual reality.
"VR’s less-hyped sibling, augmented reality (AR), is ripe with opportunity right now."
Facebook and Google made it clear that they’re both rushing toward a middle ground.
The question of whether virtual reality will become a mainstream medium has in some ways been more of a "chicken or egg" dilemma.
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.
Since the merger announcement, Capri has reported weaker-than-forecast earnings twice, spurring concern about its performance in the coming quarters.
The new scent, Zouzou, is the fashion house’s first new perfume since 2022.
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.
President Biden signed the bill that gives China-based ByteDance 270 days to divest TikTok’s US assets or face a ban.
The Alphabet Inc. company said in a blog post Tuesday that it’s still working with the ad industry and regulators on the plan.