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Bytedance has launched its own fragrance brand via a subsidiary; the Emotif line of perfumes is currently testing some products on third-party e-commerce platforms in China.
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The News in Brief
The Lebanese-born, Dubai-based influencer and entrepreneur is the first Middle Eastern ambassador to front a global campaign for the Italian luxury brand.
Richemont had its fastest holiday season sales growth in at least a decade and Burberry Group Plc forecast 35 percent earnings growth this year, the latest signs that the luxury-goods market is thriving again.
Former GQ Style deputy editor Elgar Johnson will launch CircleZeroEight in April, with contributions from Katie Grand, Saul Nash and photographer Ewen Spencer.
Canadian e-commerce giant Shopify said on Tuesday it has partnered with China’s JD.com to let merchants in the United States sell to JD’s customers in China.
The pick suggests the brand has designs on reconquering the US market, where luxury sales have grown rapidly since the pandemic.
Surging sales in Prada’s retail business helped the company to finally turn a corner.
THG Plc warned that profitability missed analysts’ estimates and forecast sales growth will decelerate this year amid record commodity prices and continued uncertainty from the pandemic.