WHP Global Sinks $260 Million Into Express; Acquires 7.4 Percent

8 Dec

WHP Global Sinks 0 Million Into Express; Acquires 7.4 Percent

WHP Global plans to take a position $260 million into Express in a two-part deal that can allow the retailer to scale internationally and in recent categories by the use of licensing deals, while forming a joint platform to accumulate more brands in the longer term. The deal is predicted to shut within the fourth quarter. “When we expect of the Express brand, we love the brand,” Yehuda Shmidman, WHP global chairman and chief executive officer, told WWD in an exclusive interview. “We see [the partnership] as an enormous opportunity. We see big opportunities to bring Express outside the U.S. and into the brand new categories. And once we’re within the marketplace taking a look at opportunities, our goal is to...

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15 Nov

Global Luxury Goods Market Seen Growing 21% in 2022

by Beauty Tips

Fashion, Featured

Global Luxury Goods Market Seen Growing 21% in 2022

MILAN — Despite all of the uncertainties, the worldwide luxury goods industry continues to grow and is predicted to further expand in 2023 and until 2030. In accordance with the newest Bain & Company Luxury Study in collaboration with Fondazione Altagamma, presented in Milan today, the worldwide luxury goods industry overall is projected to realize a market value of around 1.4 trillion euros in sales in 2022, up 21 percent from the previous 12 months. Specifically, the non-public luxury goods industry is poised to see revenues climb 22 percent to 353 billion euros in 2022 in comparison with 2021. The performance of the last quarter of this 12 months will largely rely on the progressive lifting of COVID-19 restrictions in China, and the...

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27 Sep

EXCLUSIVE: Intimissimi Signs Jennifer Lopez as Recent Global Brand Ambassador

by Beauty Tips

Fashion, Featured

A LEG UP: Jennifer Lopez might be the brand new face of Intimissimi, the Italian intimates brand, because it looks to make its mark within the U.S. The corporate recently signed the pop star as its latest global ambassador, group general manager Marcello Veronesi told WWD throughout the parent company Calzedonia’s splashy Paris Fashion Week party. Signing Lopez is one among the primary steps in constructing their brand and increasing name recognition for the Intimissimi label within the U.S. The brand launched in Recent York City in 2017, however the group’s ambitious bi-coastal growth plan was slowed by the pandemic. There are currently 50 Intimissimi stores, half of which opened in 2022. “With the last two years as a result of the...

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26 Sep

Highest-selling U.S. Beauty Brands on China’s Tmall Global –

by Beautifaire101

Beauty, Featured

Highest-selling U.S. Beauty Brands on China’s Tmall Global –

Tmall Global, the Chinese e-commerce platform owned by Alibaba, is a hot spot for U.S. beauty brands looking for to enter the market. Latest data from marketing and technology company, WPIC, shows brands including Estée Lauder, Olay and La Mer have been longtime front-runners on the platform, while CeraVe is a more recent entrant, having only entered the highest 10 following a big push in the course of 2021. Dr. Jart, which Lauder acquired in 2019 as one among the sweetness giant’s first acquisitions of Asia-based beauty brands, recently fell out of the highest 20 rating, while Lauder-owned Too Faced shut down its storefront on the platform in July. In accordance with Jacob Cooke, chief executive officer and founder at WPIC, this list...

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