Farfetch Launches New Brand

Gucci Behind Peers, Rent the Runway's IPO

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WHAT YOU NEED TO KNOW TODAY: WEDNESDAY, OCTOBER 20, 2021 Farfetch is launching its first in-house label, developed with New Guards Group, the brand platform it acquired in 2019. Successful sales of NFTs by Dolce & Gabbana and others are a sign the concept may be more than a passing fad. Kering's Gucci continues to lag peers, as Saint Laurent and the division housing Balenciaga and Alexander McQueen surge. Rent the Runway is aiming for a nearly $1.3 billion valuation in its IPO. Brands are targeting the world's largest e-sports market but Chinese regulations are complicating matters.

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LUXURY Farfetch Enters Private Label, Launches New Brand with New Guards Group By Chantal Fernandez

The platform is betting that womenswear label There Was One will capture anti-hype shoppers looking for sustainable wardrobe staples. READ MORE

TECHNOLOGY Unpacking Fashion's Latest Wave of NFT Sales By M.C. Nanda and Marc Bain

What's selling and who's buying as fashion brands from Dolce & Gabbana to Rebecca Minkoff jump into the surging NFT market. READ MORE

CHINA Tapping E-Sports in China By Casey Hall With 400 million highly engaged fans, China is the world's largest market for e-sports, but government regulations are complicating fashion's efforts to seize the opportunity. READ MORE

Gucci Misses Forecasts After Sales Growth Slows READ MORE

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NEWS BRIEFS Halle Berry Business Partner Kendra Bracken-Ferguson Launches Platform for Black Beauty, Wellness Founders Zendaya Named CFDA Fashion Awards Fashion Icon Rent the Runway Aims for Nearly $1.3 Billion Valuation in IPO Reliance Retail Ventures Takes Majority Stake in Indian Designer Ritu Kumar's Brands

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