Saks’ Online CEO Says Amazon to Help ‘Future-Proof’ Neiman Deal
The online juggernaut will offer the department stores their expertise in gathering high-quality data on customers and improving logistics to make it easier for consumers to shop.
TODAY'S MUST READThe CEO of the Science Based Targets Initiative, which players from LVMH to Inditex use to set climate goals, stepped down this week amid a bust up over whether companies should be allowed to use carbon offsets to deliver on environmental commitments.
TODAY'S MUST READThe CEO of the Science Based Targets Initiative, which players from LVMH to Inditex use to set climate goals, stepped down this week amid a bust up over whether companies should be allowed to use carbon offsets to deliver on environmental commitments.
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The News in Brief
Donatien Grau and Thomas Lenthal Launch New Magazine Alphabet
Thomas Lenthal, the co-founder of System, Paradis and Numéro magazines who has directed campaigns for brands including Dior, Prada and Yves Saint Laurent and Donatien Grau, the critic and scholar currently serving as head of contemporary programmes at the Musée du Louvre, are launching a new bi-annual print magazine.
Arkhouse, Brigade Capital Raise Buyout Offer for Macy’s to $6.9 Billion
The new proposal is to acquire Macy’s stock that Arkhouse and Brigade Capital do not already own for $24.80 each, up from $24 per share offered in March.
Shiseido Wins Max Mara Fragrance License
The Japanese beauty conglomerate will develop, produce and manufacture fragrances for Max Mara, which has not sold perfume since it discontinued a line of scents launched in the mid 2000s.
EU to Consider Closing Off Duty Exemption That Aids Shein, Temu
While it remains to be seen if there’s consensus across member states to take action, the effort adds to the growing momentum of protectionism against Chinese companies as its cheaper goods threaten local producers.
Givenchy, Still Without a Designer, Names a New CEO
Owner LVMH has appointed Louis Vuitton executive Alessandro Valenti Givenchy’s new chief, opening a ‘new chapter’ for the French couture house as the industry awaits a successor to former designer Matthew Williams.
Celine Extends Bath and Body Range
The French fashion house is adding to its broader beauty proposition with an edit of perfumed products.
Glossier Partners With USA Women’s Basketball for Olympics
The brand will become the team’s first-ever beauty partner, and its first dedicated sponsor since Tampax in 1995, amid the soaring popularity of women’s hoops in the US and beyond.
