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Rebag, a luxury resale platform specializing in handbags, has announced that it raised $33 million in a Series E funding round, bringing the company’s total funding to $101 million. The funding round was led by private equity firm Novator, with…
L’Oréal, the French beauty giant, announced it has signed an agreement to acquire the California-based skincare company Youth to the People. Founded in Los Angeles in 2015 by cousins Greg Gonzalez and Joe Cloyes, the brand is known for its…
The Ralph Lauren Corporate Foundation has announced a $2 million commitment to support scholarships for Black, African, and African American students. This initiative aims to address systemic racism and racial injustice by creating more pathways for equity within the fashion…
JOOR, a leading digital wholesale platform in the global fashion industry, has reported impressive growth in its 2021 end-of-year figures. The platform experienced a significant increase in the volume of wholesale transactions (GMV), with a 60% rise from 2020, resulting…
A new trend report from Reportlinker.com announces the release of the report “Global Luxury Pen Market 2021-2025 on the luxury pen market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis…
NIKE, Inc. (NYSE: NKE) today announced the acquisition of RTFKT, a leading brand that leverages cutting edge innovation to deliver next generation collectibles that merge culture and gaming. “This acquisition is another step that accelerates Nike’s digital transformation and allows…
Cartier launches new ASPIRE Retail Management Program is a two-year bespoke program for talented international individuals who want to join a global community passionate about starting a career in retail. This experience will immerse you into the world of Cartier.…
Today, Sephora announced the participants for its 2022 Accelerate brand incubator program, with a new group of 10 BIPOC brand founders to provide retail resources. These entrepreneurs reflect the very best in beauty, with brand offerings spanning the full range…
As part of Burberry’s commitment to helping displaced Afghan refugees, Burberry is supporting Breaking Barriers, an organisation assisting them with finding employment in the UK. The donation will help cover critical support for hundreds of refugees, enabling both unemployed and…
Selfridges, the iconic British luxury department store, has been sold to a joint venture between Thailand’s Central Group and Austrian real estate group Signa Holding. The deal, reportedly worth £4 billion ($5.4 billion), marks a significant expansion for the Thai…