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Alibaba, partners invest $400 million in retail arm of Vietnam's Masan

Alibaba, partners invest $400 million in retail arm of Vietnam's Masan

Chinese e-commerce leader Alibaba Group Holding Ltd and partners have invested $400 million in the retail unit of Vietnamese conglomerate Masan Group Corp, Masan said in a statement on Tuesday.
Others
Business
Authentic Brands reportedly prepared to pay $1 billion for Reebok

Authentic Brands reportedly prepared to pay $1 billion for Reebok

Put up for sale by Adidas, Reebok has reportedly already attracted a bid of $1 billion from Authentic Brands Group, the owner of brands including Barney's, Juicy Couture, Nautica, Nine West and Frye.
Fashion
Business

Amazon in talks to buy MGM movie studio

Amazon.com Inc is in talks to acquire the iconic U.S. movie studio MGM, The Information reported on Monday, citing a person familiar with the matter.
Fashion
Media

Global luxury sales could return to pre-Covid levels this year, Bain says

The luxury goods sector could shrug off the hit from the coronavirus crisis as early as this year as Chinese and U.S. shoppers help sales recover to pre-pandemic levels, consultancy Bain said on Monday.
Fashion
Business

Design

IMG launches new Fashion Alliance

IMG launches new Fashion Alliance

IMG announced on Wednesday the launch of the IMG Fashion Alliance, which includes designer launch partners that will form the bedrock of New York Fashion Week’s revitalization. 
Fashion
Catwalks
ITS competition opens entries for 2021 edition

ITS competition opens entries for 2021 edition

Registrations have opened for ITS 2021, a competition dedicated to young design, based in Trieste. Scheduled for October, the contest will feature a new digital prize this year. Registrations close on June 24.
Fashion
Design

Louis Vuitton creates trunk for Monaco Grand Prix trophy

Louis Vuitton has created the trunk for the Monaco Grand Prix trophy, as part of a linkup with the Automobile Club of the Principality ahead of the Formula One Grand Prix there on May 23. 
Luxury
Design

ModaLisboa calls for community spirit, sustainable design in fashion week’s first online edition

The Lisbon fashion week fêted its 30th anniversary with a digital event held on April 15-18, showcasing collections by 25 labels and designers and generating more than 15,000 website visits.
Lifestyle
Catwalks

Appointments

J.Crew hires Supreme alum as new menswear designer

J.Crew hires Supreme alum as new menswear designer

The New York-based fashion retailer announced on Monday that it has appointed former Supreme design director Brendon Babenzien as the new creative director of its men’s collections.
Fashion
Appointments
Shiseido names new Americas CEO, Japan region CEO

Shiseido names new Americas CEO, Japan region CEO

The Shiseido Company announced on Monday the promotion of Ron Gee to president and CEO of Shiseido Americas, effective July 1, in addition to a new CEO for the Japan region.
Beauty
Appointments

Trafford Centre gets surprise new asset manager Pradera Lateral

Pradera Lateral is the surprise choice to manage the Trafford Centre. Its appointment follows a “competitive” tender process, with little-known Pradera beating industry giant Westfield to oversee the Manchester mall. 
Fashion
Appointments

OTB appoints two top executives to board

Italian fashion group OTB has added two new members to its board of directors. They are Arabella Ferrari of Intercos and Carlo Purassanta of Microsoft, who will contribute their know-how in the beauty and IT sectors.
Fashion
Appointments

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