As part of its new marketing strategy, luxury fashion house Balmain is launching an app that will livestream its runway shows and use new technologies such as augmented reality to create new experiences.
Klarna, the Swedish payments specialist has a new minority investor - rapper Snoop Dogg via his Casa Verde Capital fund. The company has also just unveiled a new marketing campaign starring the celebrity.
Millennials-focused high-end slipper brand Mahabis has been rescued. The label that thought differently about the slipper market, has been acquired by an entrepreneur who did the same in the mattress market.
Fossil Group said on Thursday it would sell its intellectual property related to a smartwatch technology currently under development to Google for $40 million, sending the watchmaker’s shares up as much as 11 percent.
Signet shares dropped over 22% after larger than expected declines in its legacy lines and reduced traffic during key December gifting weeks, leading company execs to suggest store closings and a reassessment of product.
The veteran fashion and luxury executive has become a partner in NEO Investments, the hard-charging private investment firm that owns significant stakes in a widening group of fashion and luxury brands.