Gwyneth Paltrow’s wellness company is launching Good.Clean.Goop, a new brand available at Target and Amazon starting on October 22. From its $5,000-plus In Goop Health summit ticket packages to its lavish annual gift guide that has generated headlines with items such as an $8,000 G. Label necklace and 18-karat gold dumbbells for $125,000, the lifestyle...Read More
Lululemon Athletica Inc. climbed Monday following news that the athleisure company will join the S&P 500 Index, notching its seventh straight session of gains and extending its outperformance this year. The stock rose 10 percent to close at $416.64, the highest level since December 2021, after an announcement Friday that the company will join the...Read More
Parade, the buzzy, Gen-Z-founded intimates start-up, announced on Tuesday that it is set to be acquired by Ariela & Associates International, which owns the licence to Fruit of the Looms’ bra line. Terms of the deal were not disclosed. Parade will use its new parent company’s resources, including design and forecasting, to further sales growth...Read More
Shein’s mysterious algorithms have landed at the centre of a headline-grabbing new lawsuit against the fast-fashion juggernaut. Last week, three artists filed a complaint in a California federal district court accusing Shein of such rampant intellectual-property theft it amounts to racketeering. In their view, Shein is liable under the civil portion of the Racketeer Influenced...Read More
In the two-plus years since acquiring Tiffany in a $16 billion blockbuster deal, LVMH has gradually revealed its plans to remake the brand from the bottom up. There was the Beyoncé and Jay-Z campaign, the “Lock” fine jewellery collection and the recently reopened flagship designed to please window-shopping tourists and high rollers alike. Now, change...Read More
The eyewear maker’s results were consistent with its financial performance in recent quarters. Sales rose 12 percent year over year in the first quarter on the strength of its growing store fleet. It also decreased its losses by $23 million to $11 million and increased its adjusted earnings before interest and taxes by $17 million....Read More
To call the Aesop’s Resurrection Aromatique Hand Wash a hand soap feels somehow rude, if technically correct, like saying “Subway employee” instead of “sandwich artist.” The ubiquity of the product — in upscale restrooms, in TikTok videos, in the pleasure centres of human brains that sparkle when encountering something obviously luxurious — is no anomaly....Read More
Luxury brands and resale businesses are betting on artificial intelligence to solve a centuries-old issue. The plague of counterfeits shows no signs of diminishing as online marketplaces make knockoffs of everything from sneakers to high-end handbags easier to find. Typically companies have relied on trained authenticators to spot fakes, but more are turning to AI...Read More
When Evan Mock seeded his new brand, Good Weird, to friends, the actor, skater and Calvin Klein ambassador included smooth silver tubes of bronzer and under-eye gel, plus a tiny toy skateboard. “It’s a reminder to have a good time,” said Good Weird co-founder Jonathan Wormsel. “You never know, that skater you like could be...Read More
Zara owner Inditex said its Spring/Summer 2023 collection flew off shelves over the last six weeks but shares in the world’s biggest fashion retailer fell after it flagged higher spending on technology and automation. Inditex has extended its lead over Swedish rival H&M, in part because of a less price-sensitive customer base. As the cost...Read More
