THE WHAT? Revlon has partnered with U.S. rapper Megan Thee Stallion on a new make-up collection, named Hot Girl Sunset. THE DETAILS Launching exclusively on StockX via DropX, the DTC release method is said to be ‘powered by the leading global e-commerce marketplace for consumers of current culture.’ The collection, which features a new face and eye…
THE WHAT? Indonesian marketplace GudangAda has raised more than $100 million in a Series B funding round, which was led by Asia Partners and Falcon Edge, according to a report by TechCrunch. THE DETAILS The funding round was reported to be oversubscribed, with the company passing its initial target of $75 million. Other investors included Sequoia Capital…
THE WHAT? Henkel has joined the LGBTQ+ business advisory Out Leadership as it looks to evolve its diversity and inclusivity agenda. THE DETAILS Out Leadership is the largest coalition of global companies working to improve LGBTQ+ equality worldwide, and partners with influential companies to build business opportunities. As well as joining the coalition, Henkel has recently established…
THE WHAT? LVMH has reported a net profit leap of 62 percent in H12021 as opposed to 2019, which was bolstered by record sales for its key fashion and leathers goods division, driven by Louis Vuitton and Dior. THE DETAILS Revenue for Q2 reached €14.7bn, 14 per cent higher than the comparable period in 2019, excluding the…
THE WHAT? UK department store Selfridges has been put up for sale by its owners, the Weston family, giving the luxury retail space a £4 billion price tag. THE DETAILS The wealthy Canadian family stated last month that it was considering a sale after having been approached by a potential buyer, with the Westons now having…
THE WHAT? Coty has announced the appointment of Constantin Sklavenitis as its new Chief Prestige Brands Officer, effective 6thSeptember. THE DETAILS Joining Coty from MAC Cosmetics, where he worked as Senior Vice President/General Manager of North America, Sklavenitis will report to CEO Sue Y. Nabi in his new position. Prior to his time at MAC, Sklavenitis spent…
