African Designer Platform The Folklore Raises $3.4 Million
The capital injection will aid the company’s pivot from being an e-commerce site to being a business-to-business venture helping emerging brands enter US retailers.
Sudanese activist Rozan Ahmed thinks it’s time to reframe our conversations about Africa and its creatives.
The world is on fire. The causes are globalisation, technology, the climate crisis and generational change, but the antidote is culture and reimagining human values, argue Brad Grossman and Dan Mitchell of Zeitguide, reflecting on their experience at BoF VOICES.
The world is on fire. The causes are globalisation, technology, the climate crisis and generational change, but the antidote is culture and reimagining human values, argue Brad Grossman and Dan Mitchell of Zeitguide, reflecting on their experience at BoF VOICES.
One year after James Scully issued a plea to end the ‘cruel and sadistic’ abuse of fashion models, LVMH’s Antoine Arnault joined the casting director to discuss the enforcement of a landmark charter to protect models on stage at #BoFVOICES. Watch now.
One year after James Scully issued a plea to end the ‘cruel and sadistic’ abuse of fashion models, LVMH’s Antoine Arnault joined the casting director to discuss the enforcement of a landmark charter to protect models on stage at #BoFVOICES. Watch now.
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The capital injection will aid the company’s pivot from being an e-commerce site to being a business-to-business venture helping emerging brands enter US retailers.
The German sportswear company now expects to generate operating profit of around €700 million ($743 million), an increase from the previous target of €500 million.
Amid a luxury slowdown, strong performance by LVMH’s perfumes and cosmetics and selective retailing divisions show a healthy appetite for beauty.
The company, which named chief brand officer Ije Nwokorie as its next CEO, said it was anticipating a double-digit percentage decline in US wholesale revenues, which would dent overall profits.
Rising prices of personal care products could quash Americans’ habit of buying big-brand-name items for their household pantries, posing a threat to Procter & Gamble, one of the world’s biggest makers of packaged goods.
The merger arbitrage investor community turned increasingly bearish on the deal last week, as they interpreted some comments from FTC officials at a conference as negative for the deal.
The value of retail purchases, unadjusted for inflation, increased 0.7 percent from February, Commerce Department data showed Monday.
The merger, which would bring top luxury labels such as Tapestry’s Kate Spade, Stuart Weitzman and Capri’s Jimmy Choo and Versace under one roof, still awaits approval from the United States.