How Glossier Lost Its Grip

Farfetch Acquires Violet Grey, LVMH Profits Soar, Couture Week

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WHAT YOU NEED TO KNOW TODAY: FRIDAY, JANUARY 28, 2022 Once the beauty category's poster child for direct-to-consumer success, Glossier has seen sales slump and recently laid off a third of its workforce. Haute couture, until recently the realm of unbridled dreams, is getting back to making clothes, reports Angelo Flaccavento. Farfetch is acquiring the luxury beauty retailer Violet Grey, as the online marketplace plots its expansion into the category later this year. LVMH reported a 51 percent jump in sales for its fashion and leather goods brands in the fourth quarter compared with pre-pandemic levels, and said full-year profits for the entire company more than doubled from 2020. Skims raised $240 million in a funding round that valued Kim Kardashian's underwear brand at $3.2 billion, double the valuation reported last April.

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BEAUTY How Glossier Lost Its Grip By Rachel Strugatz

The direct-to-consumer pioneer, which popularised millennial pink and dewy skin, can't keep up with an evolving beauty industry, customer and retail landscape. READ MORE

FASHION WEEK In Paris, Couture's Return to Clothes Making By Angelo Flaccavento

Haute couture, once the realm of unbridled dreams, is getting back to making clothes, reports Angelo Flaccavento. READ MORE

BEAUTY Farfetch Is Buying Violet Grey: Here's Why By Lauren Sherman

The luxury fashion platform sees an opportunity in beauty that has eluded many others. READ MORE

LUXURY LVMH's Fashion Division Is Booming, Up 51 Percent Over Pre-Pandemic Levels in Q4 By Robert Williams The French luxury group kept vacuuming up market share last year, with Louis Vuitton and Dior leading the charge. Here are key takeaways from their annual results. READ MORE

Kim Kardashian's Skims Doubles Valuation to $3.2 Billion READ MORE

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