Swiss company Arklyz AG, specializing in sports, lifestyle, and workwear, has successfully acquired the renowned German premium footwear brand, Lloyd Shoes GmbH, from Ara AG. The acquisition includes all operating subsidiaries of Lloyd Shoes, and Arklyz plans to provide strategic support and resources to enhance and expand the brand’s wholesale, omnichannel, and international business. Param […]
Adidas has responded to accusations made by investigative journalism platform Follow the Money, claiming that the production of its sports shoes is linked to the exploitation of workers and deforestation in the Amazon. The report specifically mentioned the Gazelle and Spezial trainers, suggesting that the leather used in their production is sourced from Brazilian meat […]
Swiss luxury goods group Richemont announced an 8 percent increase in Group sales to 5.6 billion euros for the third quarter at constant exchange rates compared to the previous year. This growth extended across various regions, channels, and business segments. However, the company noted a 3 percent decline in sales in Europe, where higher sales […]
Discover the groundbreaking solutions showcased at this year’s National Retail Federation (NRF) expo, set to revolutionize the retail landscape in the near future. These dynamic technologies are poised to reshape the shopping experience, redefine staffing practices, and transform both physical stores and e-commerce platforms. The rapid evolution of technology within the retail sector, evident since […]
British lifestyle retailer The White Company has selected Paula Nickolds, the current general merchandise head at Sainsbury’s, as its new Chief Executive. Paula Nickolds will take over from Mary Homer, who plans to step down this summer after seven years in the role. Nickolds, known for her transformative work at Sainsbury’s with brands such as […]
In a continued strategy of bolstering its presence in the market, Mike Ashley’s retail powerhouse, Frasers Group, has once again expanded its holdings in struggling competitors, this time increasing its stakes in both Asos and Boohoo. According to the latest regulatory filings from the group, Frasers has elevated its stake in Boohoo from the previous […]
Lifestyle brand Allbirds has welcomed two key executives to its leadership team as part of its ongoing transformation strategy, which emphasizes inventory reduction, cost control, and effective operational cash use. Kelly Olmstead, previously Allbirds’ SVP of brand and marketing, has been promoted to the role of Chief Marketing Officer, leveraging her extensive 25-year experience. Before […]
French designer Clara Daguin has emerged as the fortunate winner of a project competition initiated by the École des Arts Décoratifs (Paris’ school of decorative arts) in collaboration with the Saint-Eustache church in Paris. In 2023, the École des Arts Décoratifs and Église Saint-Eustache invited young emerging creatives and designers to conceive a contemporary work […]
Global beauty leader L’Oréal has made an investment in Timeline, a Swiss consumer health biotech company focused on longevity, through its venture capital fund Business Opportunities for L’Oréal Development (Bold). Timeline successfully secured $66 million in an oversubscribed Series D financing round, which included strategic contributions from L’Oréal and Nestlé. The funding aims to propel […]
Pottery Barn Kids has joined forces with the luxury lifestyle brand Aerin to introduce an exclusive collection. Marking a premier collaboration for the luxury brand, this venture features Aerin Lauder, the brand’s founder, applying her distinctive blend of contemporary yet traditional style to baby gifts, nursery textiles, and furniture. Jennifer Kellor, President of Pottery Barn […]
