Exclusive: Deciem to Relaunch The Chemistry Brand
The Estée Lauder-owned beauty company and The Ordinary parent will relaunch one of its original brands as it moves to rekindle its reputation for incubation.
Germany
Retail
Germany’s Cartel Office Investigating Temu Over Merchant Price Influencing
The Chinese e-commerce company is under scrutiny for allegedly influencing the prices set by third-party merchants on its platform unlawfully.
Germany’s Cartel Office Investigating Temu Over Merchant Price Influencing
The Chinese e-commerce company is under scrutiny for allegedly influencing the prices set by third-party merchants on its platform unlawfully.
Retail
German KaDeWe Files for Insolvency to Escape Signa Rents
The collapse of Rene Benko’s real estate empire is spreading to his luxury retail assets, with department store operator KaDeWe Group filing for insolvency in Berlin.
German KaDeWe Files for Insolvency to Escape Signa Rents
The collapse of Rene Benko’s real estate empire is spreading to his luxury retail assets, with department store operator KaDeWe Group filing for insolvency in Berlin.
Retail
German Retail Sales Plunge Most Since 1980 as Inflation Bites
Sales were down 9.8 percent from the previous year, the most since 1980 — before the country’s reunification. Non-food items such as furniture and household appliances or clothing and shoes registered even steeper declines.
German Retail Sales Plunge Most Since 1980 as Inflation Bites
Sales were down 9.8 percent from the previous year, the most since 1980 — before the country’s reunification. Non-food items such as furniture and household appliances or clothing and shoes registered even steeper declines.
Retail
Puma Sales Reach Record as Shoe Demand Overcomes Covid Snags
Puma said sales reached a record €6.8 billion ($7.7 billion) in 2021, up 32 percent on a constant-currency basis.
Puma Sales Reach Record as Shoe Demand Overcomes Covid Snags
Puma said sales reached a record €6.8 billion ($7.7 billion) in 2021, up 32 percent on a constant-currency basis.
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Media
Kerstin Weng Named Head of Editorial Content for Vogue Germany
Condé Nast hired Weng, who has been the editor in chief of InStyle Germany since 2016, to lead the edition.
Kerstin Weng Named Head of Editorial Content for Vogue Germany
Condé Nast hired Weng, who has been the editor in chief of InStyle Germany since 2016, to lead the edition.
Entrepreneurship
Amesh Named as Inaugural Winner of Reference Incubator Programme
Amesh, the London-based label founded by Sri Lankan designer Amesh Wijesekera, will receive mentorship and support from Slam Jam, as well as PR and brand consulting services from communications agency Reference Studios.
Amesh Named as Inaugural Winner of Reference Incubator Programme
Amesh, the London-based label founded by Sri Lankan designer Amesh Wijesekera, will receive mentorship and support from Slam Jam, as well as PR and brand consulting services from communications agency Reference Studios.
News & Analysis
Birkenstock Gets Reported €4 Billion Valuation in L Catterton Deal
The LVMH-backed private equity firm has taken a majority stake in the German footwear company. Financière Agache, the family office of LVMH Chairman Bernard Arnault, will also invest.
Birkenstock Gets Reported €4 Billion Valuation in L Catterton Deal
The LVMH-backed private equity firm has taken a majority stake in the German footwear company. Financière Agache, the family office of LVMH Chairman Bernard Arnault, will also invest.
Luxury
How Birkenstock Became a Luxury Target
L Catterton is reportedly the frontrunner to acquire the original anti-fashion shoe brand, which is reaping the rewards of shoppers’ pandemic-driven desire for casual comfort.
How Birkenstock Became a Luxury Target
L Catterton is reportedly the frontrunner to acquire the original anti-fashion shoe brand, which is reaping the rewards of shoppers’ pandemic-driven desire for casual comfort.
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Financial Markets
Mytheresa Aiming for $1.58 Billion Valuation
The luxury e-tailer is offering 15.6 million shares on the New York Stock Exchange. In a statement on Tuesday, the company said it expects its share
Mytheresa Aiming for $1.58 Billion Valuation
The luxury e-tailer is offering 15.6 million shares on the New York Stock Exchange. In a statement on Tuesday, the company said it expects its share
Partner Content
At Zalando, Connecting Retailers to E-Commerce to Drive Growth
Zalando’s growing Connected Retail ecosystem offers retailers access to its platform in eight major markets at no cost, expanding its product assortment and localised service capabilities in the process.
At Zalando, Connecting Retailers to E-Commerce to Drive Growth
Zalando’s growing Connected Retail ecosystem offers retailers access to its platform in eight major markets at no cost, expanding its product assortment and localised service capabilities in the process.
Technology
Zalando’s Cyber Week Sales Beat Last Year by More Than a Third
Zalando added more than one million customers during the sales period with gross merchandise volume growing by 35 percent.
Zalando’s Cyber Week Sales Beat Last Year by More Than a Third
Zalando added more than one million customers during the sales period with gross merchandise volume growing by 35 percent.
News & Analysis
Zalando to Launch €50 Million Share Buyback
The buyback would run from May 11 until June 4 to cover its management stock option programmes.
Zalando to Launch €50 Million Share Buyback
The buyback would run from May 11 until June 4 to cover its management stock option programmes.
The News in Brief
De Beers Makes Sweeping Cuts to Its Elite Diamond-Buying Club
The diamond company produced less than 22 million carats last year, down from almost 35 million in 2022.
L’Oréal India in Talks to Acquire Beauty Company Innovist
L’Oréal is in advanced talks to acquire a majority stake in Bare Anatomy parent Innovist sources told The Economic Times India.
Zegna Chairman Says War Has Clouded Visibility of Demand in Middle East
The Italian fashion house cautioned the war is reducing visibility on demand in the Middle East, which accounts for 7 percent of its sales, though all stores are currently open in the region.
Glossier Appoints New CMO
Nicole Solorzano, who joins from Ouai, is the Millennial beauty brand’s latest hire.
Macy’s CEO Points to E-Shaped Economy, Signalling Consumer Shift
The mention of a forked economy by the head of America’s largest department store signals a heightened wariness that middle-income Americans will continue to spend at the same pace.
France’s Bid to Suspend Shein’s Marketplace Rejected by Appeals Court
The decision from Paris’ Court of Appeal marked a win for the fast-fashion giant after a scandal over sex dolls resembling children for sale on its site.
Coty Announces Board Revamp
The embattled Covergirl owner has appointed five new independent directors amidst a wider leadership and company shakeup.