LVMH Fashion Sales Surge, Brazilian Beauty Goes Global
WHAT YOU NEED TO KNOW TODAY: TUESDAY, JULY 27, 2021 | | For our latest BoF Cover Story, breakthrough designer Glenn Martens speaks exclusively to Tim Blanks about rebooting Diesel, his own label Y/Project and pushing people to rethink fashion. Brazilian beauty brands with unique botanicals and Millennial appeal are gaining momentum. LVMH's fashion and leather goods division is surging ahead as Vuitton, Dior, Fendi, Loewe and Celine delivered record sales and profitability in the first half of 2021. StockX is making its first major move into beauty as the exclusive retail partner for Revlon's collaboration with Megan Thee Stallion. After weeks of speculation, Selfridges is set to be put up for sale, with a starting price of £4 billion ($5.52 billion), The Times reports. Plus, don't miss Thursday's BoF Live discussion on 'The Future of Fashion Resale' with Rebag's Charles Gorra, Reflaunt's Stephanie Crespin and ThredUP's James Reinhart at 11am New York, 4pm London, 11pm Shanghai.
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