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Intu shares up as it reveals positive cash position, but rent intake to fall further
Shares in shopping centre giant Intu rose by more than half on Tuesday and continued rising Wednesday as it published figures suggesting its cash position will remain positive in 2021 if it gets a deal with its lenders.
Fashion
Business
Puig closes in on $1bn deal for Charlotte Tilbury
The Spanish group is negotiating a deal to acquire British make-up brand Charlotte Tilbury in a move valuing the business at $1 billion (£794m).
Beauty
Business
Sales at Dick’s Sporting Goods drop 31% in Q1
The Pennsylvania-based sportswear and equipment retailer announced a 30.6% decline in net sales in the first quarter, due in large part to disruptions related to the Covid-19 pandemic.
Fashion
Business
Sally Beauty sees sales upturn in May
After a challenging April, where store closures led to a drop-off in the beauty retailer’s revenue, Sally Beauty has seen strong demand in its reopening retail fleet and expects to report an uptick in sales for May.
Beauty
Business
Design
Hyères Fashion Festival to be held on October 15-19
The event, previously postponed due to the Covid-19 crisis, will be held on October 15-19 under the aegis of jury presidents Jonathan Anderson, Paolo Roversi and Hubert Barrère, featuring a new prize sponsored by Hermès.
Fashion
Design
A Common Thread names Bode, Rodarte, Brother Vellies and Rachel Comey among first round of grant recipients
The CFDA and Vogue's Covid-19 relief fund announced that $2.13 million will be distributed to 44 businesses in the fund's first round.
Luxury
Design
Tomorrow and Alessandro Dell’Acqua’s N21 form strategic partnership
London-based consultancy Tomorrow has announced a “360-degree” partnership with Italian RTW brand N21. The strategic partnership will span distribution, events, strategy and a mentorship programme for emerging talent.
Luxury
Industry
Dolce & Gabbana on DGfattoincasa; handling the lockdown; and their next runway steps
Few fashion designers have had as much impact in the past three decades as Domenico Dolce and Stefano Gabbana. With FashionNetwork.com the duo discuss DGfattoincasa; handling the lockdown and their next runway steps
Fashion
Design
Appointments
Kylie Cosmetics CEO makes quick exit
Coty has announced that Kylie Cosmetics chief executive officer Christoph Honnefelder has left the brand, after only being appointed to the leadership role in January of this year.
Beauty
Appointments
Daniel Grieder steps down as CEO Tommy Hilfiger Global and PVH Europe
US fashion group PVH Corp. has announced the departure of its head of Europe and of Tommy Hilfiger’s global business. After 23 years with the group, Grieder will be replaced by current PVH Corp. COO Martijn Hagman.
Fashion
Appointments
Rebekka Bay becomes Marimekko creative director
Marimekko has named former Gap creative chief Rebekka Bay as its new Creative Director, starting in September.
Fashion
Appointments
Coty appoints Chairman Peter Harf as CEO
Cosmetics maker Coty Inc said on Monday it has appointed Chairman Peter Harf as the chief executive officer of the company, its fourth in as many years, as it tries to turn around its business.
Beauty
Appointments
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Agenda
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