Chanel and Brunello Cucinelli on Tuesday signed a joint agreement to take 24.5 percent stakes in Italian cashmere and wool manufacturer Cariaggi Lanificio. The Cariaggi family will remain in control of 51 percent of shares.
After awarding prizes to all finalists for the past two years, the initiative will revert to naming one winner and two runners-up
The New York-based brand, known for its popular shopping bag totes — nicknamed the “Bushwick Birkin” — is introducing a new pricing strategy for its latest collection drop on March 27.
Tod’s chairman and chief executive Diego Della Valle said the Italian luxury group, which owns Tod’s, Roger Vivier, Hogan and Fay, has had a good start to the year, after the company produced better-than-expected operating profits in 2022.
The American beauty retailer’s sales for 2022 increased 18.3 percent to $10.2 billion, from $8.6 billion in 2021 and $7.4 billion in 2019, pre-pandemic.
The Puig-owned beauty brand, known for its viral Flawless Filter Concealer and Hollywood Contour wand has inked a partnership with the model, naming her its latest beauty muse.
The clean beauty brand, which was valued at $1 billion in 2021 after private equity The Carlyle Group took a majority stake, will be available on Ulta.com starting Feb. 26, and in 500 stores nationwide on Mar. 5.
The Berlin-based communications agency, whose clients include Supreme, Rimowa, Gucci and Nike, has tapped former JW Anderson chief executive Simon Whitehouse as CEO.