PARIS, France — L’Oréal’s Chairman and Chief Executive Jean-Paul Agon said on Tuesday he expected the cosmetic group’s nominations committee to propose a candidate to succeed him by the autumn as his mandate expires. Agon told a shareholder meeting that the board of the French group, which is behind brands including Garnier and Lancôme, had […]
H&M's Online Secondhand Shop Sellpy Launches Internationally
STOCKHOLM, Sweden — Swedish online second-hand shop Sellpy, which is majority-owned by fashion giant H&M, has launched in Germany in a first step outside its home market as it bets on shoppers trending towards more sustainable consumption. The start-up handles the entire sales process from picking up the goods from sellers’ homes, to photographing, selling […]
Gap’s Deal with Kanye West Raises Questions About Postponed Telfar Collaboration
Telfar Clemens at the Gap collaboration in January | Source: Julien M. Hekimian/Getty Images for GAP NEW YORK, United States — Gap is embarking on a new longterm collaboration with Kanye West’s Yeezy line, agreeing to produce a co-branded collection starting in 2021. But pre-pandemic, Gap had other collaboration plans in the work for this […]
Macy's to Cut 3,900 Jobs to Help Counter Covid-19 Losses
CINCINNATI, United States — Macy’s Inc said on Thursday it would lay off about 3,900 employees in corporate and management positions to help lessen some of the financial strain of dwindling sales due to the Covid-19 pandemic. The department store chain, which had about 123,000 employees at the end of January, said it expects to […]
Why Luxury Brands Aren't Giving Up on Fashion Month
PARIS, France — Cancelling live events far in advance — particularly those that rely on an international crowd — has been the norm since the coronavirus and lockdown measures to contain it rolled across the world this spring, with happenings scrapped or postponed as far out as next January’s Golden Globes. But heavy hitters in the […]