Latest Articles in Business

Lululemon and Peloton establish multi-year deal

Lululemon has announced a new five-year strategic global partnership with American exercise and equipment company Peloton, which will become the exclusive digital fitness content provider for the athleisure brand. Across the duo’s markets, namely in the US, Canada, the UK, Germany and Australia, the companies are looking to expand brand...

Business

Estée Lauder Companies to establish Parisian atelier to bolster fragrances

Beauty giant Estée Lauder Companies (ELC) has said it will be establishing an atelier in Paris, France, as it looks to bolster strategic ambitions in the area of luxury and prestige fragrances. Through the atelier, which will exclusively be focused on fragrance innovation and craftsmanship, ELC is hoping to capitalise on the momentum of the...

Business

Shopify becomes shareholder in wholesale marketplace Faire

As part of a new global partnership between the duo, commerce developer Shopify has become a shareholder in Faire, making the B2B retail marketplace the recommended wholesale platform for Shopify merchants. The move to become a shareholder reflects the long-term commitment Shopify is making towards the partnership, which will expand on its B2B...

Business

LVMH Métiers d'Art expands portfolio with acquisition of Grupo Verdeveleno

LVMH Métiers d'Art, a subsidiary of the renowned French conglomerate, has announced its acquisition of Grupo Verdeveleno, a prominent Spanish company specialising in exotic leather tanning and finishing. Beyond its exceptional product quality, Grupo Verdeveleno is noted for its commitment to transparent supply chains. The partnership signifies a...

Business

Piaget jewellery heist suspects arrested in France: source

French police have arrested five people, including a veteran jewel thief, in connection with an armed heist in broad daylight at a Paris store of luxury brand Piaget, a source close to the case said Wednesday. In the August 1 robbery, the gang made off with 10 to 15 million euros (10.5 to 15.8 million dollars) worth of jewellery and watches,...

Business |Jewellery Featured

Finematter raises 2.6 million euros in funding

London-based Finemater, the female-run jewellery platform powered by the world’s leading jewellers, has closed a second seed round, bringing the total raised to 2.6 million euros as it looks to foster a circular jewellery economy. The seed round was backed by renowned tech founders and industry veterans, including contributions from angel...

Business

Hailey Bieber’s Rhode steps further into Europe with five new territories

Rhode, the skincare brand of model and media personality Hailey Bieber, is continuing on in its rapid expansion plans, with the company now set to enter five new territories in Europe. In an Instagram post, the brand said its full collection would be shipped to France, Germany, Ireland, Italy and Spain starting September 28, marking the first...

Business

Shein unveils designer collections under EvoluShein incubator programme

Fast fashion giant Shein has unveiled the collections of designers from its Shein x Designer Incubator Programme under the EvoluShein by Design initiative. According to the company, the project aims to accelerate the use of “preferred materials and scaling responsible manufacturing processes”. Six US-based participating designers – Alexandria...

Business

Britain secures trade deal with Washington state

Britain is understood to have secured a trade deal with the state of Washington in the US, with a similar agreement to potentially be reached with Florida soon. The region, which had initially set out to strike a bilateral trade deal with the US as a whole, signed a memorandum of understanding (MoU) on trade with the state after the UK...

Business

European wholesale powerhouses, COLECT and LE NEW BLACK merge to become European leader and enter the USA

The merger of two digital wholesale industry leaders, LE NEW BLACK and COLECT, is set to redefine the landscape of European wholesale. Having already established offices in key fashion capitals like Paris, New York, and Amsterdam, the primary objective of the strategic manoeuvre is to expand the reach of both brands throughout Europe,...

Business

Slowear bets on women's fashion as part of growth strategy

Slowear, the Italian fashion brand best known for its trouser brand Incotex, is undergoing a significant transformation under the leadership of CEO Piero Braga. Despite challenges posed by the Covid-19 pandemic, the company had already embarked on a path to recovery prior to Braga's appointment in May this year. The company said it is focusing...

Business

European e-commerce sales continue to grow, but growth is becoming increasingly slower

European e-commerce sales continued to grow in 2022, according to a new report by Ecommerce Europe and Eurocommerce. Thanks to 6 percent growth, B2C sales reached 899 billion euros. However, growth is slowing down. Indeed, in 2021, the growth rate was still at 12 percent, the platforms reported. Several elements play into the differences between...