Matchesfashion receives £60m from Apax to accelerate turnaround

To receive the Vogue Business newsletter, register here. Private equity firm Apax Partners has pledged to inject up to £60million into British luxury multi-brand retailer Matchesfashion, to help it recover. The funding will be split into £40m of new equity and £20m of new debt – marking Apax’s biggest commitment since it bought the business … Read more

Small business: Kiwi skincare company Anihana on the global stage

Sophie Cooper, founder of Anihana. After almost a decade in business in Aotearoa, skincare company Kiwi Anihana was launched in the United States and Australia last year. Founder Sophie Cooper says US big box store Target is keeping the company The New Zealand-based production team is busy keeping up with American demand. What does Anihana … Read more

Valentino and Dior have banked on K-pop amid tensions in China. Will it pay?

Since January, Suga has been part of Valentino’s ambassadors called Di.Vas, short for Different Values, and will appear in a campaign in collaboration with QG in print, online and on social media. “He has the ability to express all the values ​​of the brand and of a generation he speaks of in his spontaneous and … Read more

U.S. luxury outlook darkens after growth spurt

On an equally cautious note, Cartier CEO Cyrille Vigneron noted that the company opted to do “something a little more subdued compared to previous years” for its year-end campaigns, particularly in Europe and the United States, given the impending recession in the latter. However, all is not catastrophic; Hugo Boss reported a 17% increase in … Read more

Couture newcomer Robert Wun talks about selling to the super rich

Born and raised in Hong Kong’s industrial district, Fo Tan, Wun studied women’s fashion at the London College of Fashion before launching her eponymous label in 2014. An undisclosed London investor, who has backed several other fashion brands, has helped launch Wun’s brand with £100,000. Hong Kong luxury fashion retailer Joyce was his first stockist. … Read more

Is beauty neglecting its biggest sustainability challenge?

“Over the past few years, we have made significant progress in reducing our emissions across our operations, distribution and retail,” said Thomas Lingard, global sustainability and environment manager at Unilever, in response to the Carbon Trust report. “Today, with over 60% of our value chain’s total emissions coming from the raw materials and packaging we … Read more

With Amazon tie-up, Rent the Runway faces sustainability issues

However, concerns about Amazon’s overall production volumes and working conditions remain. Activist La Manna listed a number of concerns about Amazon, including its carbon emissions reporting, which the Center for Investigative Reporting says grossly underestimates the company’s actual emissions by only counting products Amazon-branded products, which account for approximately 1% of total online sales. ; … Read more

Fashion braces for more layoffs as brands scale their teams

In fashion, companies are now trying to reconstitute the right teams. “There has been a lot of over-hiring during the pandemic due to so much online activity,” says Karen Harvey, founder of the eponymous consultancy and consulting firm, which sources talent for clients such as Adidas. , Calvin Klein and Coach. “There are two things … Read more

Hugo Boss sales reach 3.65 billion euros in 2022

To receive the Vogue Business newsletter, register here. Hugo Boss posted record revenue of 3.65 billion euros in fiscal 2022, beating its full-year targets and beating analysts’ expectations. The fourth quarter was driven by strong demand in EMEA and the Americas, as well as physical retail and wholesale performance. EBIT increased by 47% to EUR … Read more

UK Sport and Sport England present increased protection and wellbeing plans for all sports | News

In response to the Whyte review and shocking findings of abuse in UK gymnastics, UK Sport & Sport England have announced plans to boost protection and welfare across all sports; “Sport is precious and all organizations have a responsibility to help protect and improve it for all” By Geraint Hughes – Sky Sports News Last … Read more