Coty reportedly moving ahead with Paris listing

Coty Campus in the metaverse Credits: Coty Beauty giant Coty is believed to be going ahead with its second stock exchange listing, with it reportedly planning to enter the Paris Stock Exchange (PAR) as soon as the coming weeks. Details of the NYSE-listed group’s plans had initially been unveiled in a regulatory filing published in May, with the dual listing idea formulated around the goal of strengthening its presence on the European market and tapping into new investors in the market. Now, according to Bloomberg News which had first reported on the latest developments, Coty has appointed BNP Paribas and Citigroup to work on the deal, while also understood to be considering raising fresh capital from the listing. The media outlet further noted that the company was looking to formally announce its plans within the next few days, with a listing to potentially follow shortly after. The news comes just days after Coty raised its guidance for the full year after seeing “strong momentum” in demand across key markets and categories. The firm is now expecting FY24 core like-for-like sales growth of between 8 and 10 percent, up from its recent guidance that was in range of 6 to 8 percent growth.
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Camilla Franks creates couture gown to celebrate 100 years of Disney

Disney Create 100 couture gown by Camilla Franks Credits: Camilla, Disney Create 100 In Pictures Australian fashion designer Camilla Franks has unveiled a one-of-a-kind couture gown inspired by Disney's Mickey Mouse's longtime sweetheart, Minnie Mouse, as part of the 100 years of Disney celebrations. The gown, which has been months in the making, features 42 metres of silk, 10 metres of tulle and more than 100,000 hand-applied crystals and is part of Disney’s Create 100 initiative, where talent across fashion, music, and art are donating artworks, items and experiences to benefit Make-A-Wish inspired by their personal connection to stories and characters across Disney, Pixar, Marvel, Star Wars and 20th Century. Commenting on the gown, Franks said in a statement: “The inspiration for my Create 100 couture gown came from Minnie Mouse’s iconic bow. Part of the Camilla brand DNA that we’ve built into it is that – although it looks like a full couture gown on the outside, it’s quite unstructured underneath. It has a sense of freedom and play.” Disney Create 100 couture gown by Camilla Franks Credits: Camilla, Disney Create 100 The vibrant gown features a knot-detailed bodice, extravagant cascading bow-shaped tiers and a high-low skirt silhouette, complete with a train adorned with 400 crystalised Mickey heads made up of a total of 65,000 crystals, and a striking comic strip print. Designed to fit a range of sizes, with ties that form a large bow at the back, the gown is crafted from signature Camilla silk taffeta and features multiple layers of tulle encased within double layers of billowy bow-shaped ruffles to create the voluminous silhouette. On the construction of the couture gown, Franks added: “The cutting alone took two full days, putting the piece together took five weeks with a whole team working on it.” Disney Create 100 couture gown by Camilla Franks Credits: Camilla, Disney Create 100 Franks, who represents Australia and New Zealand, was also asked to elect a fellow Australian creative she believes represents the next generation of storytellers as part of the project. She chose next-generation artist Bella Bruzzese, who has created fashion and textile designs for artists, including Katy Perry and Cardi B, to design something for Create 100. Bruzzese created a ‘By A Cheshire Chance’ leather and crystal mask inspired by the Cheshire Cat from Alice In Wonderland, which will be on display alongside the Camilla couture gown at Westfield Bondi Junction until October 18. Disney Create 100 couture gown by Camilla Franks Credits: Camilla, Disney Create 100
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Secret Sales acquires Spanish discount retailer Dreivip

Secret Sales campaign imagery. Credits: Secret Sales. Off-price retail platform Secret Sales has snapped up Spain’s discount retailer Dreivip for an undisclosed sum as part of its newly launched merger and acquisition (M&A) strategy. The “aggressive” scheme has been introduced after Secret Sales began making its entry into new regions, most recently stepping into the Netherlands and Belgium, making Spain the third European territory for the business. It noted that Dreivip would continue to trade as normal until a new co-branded site goes live in October, through which around 450 brands, with a further 70 Spanish brands and retailers, are to be featured. In terms of its financials, Secret Sales said that with the acquisition it expects over 150 percent growth YoY across the whole of Europe for the entire 2023, with inventory growth also now forecast to be over 100 percent following Dreivip’s relaunch. To support such growth, the company had secured a 10 million dollar Series B funding in May 2023, with “retail heavyweight investors” among those leading. In a release, Chris Griffin, Secret Sales’ CEO, said that brands were turning to off-price in a bid to remain on-brand and profitable, adding: “Despite the difficult retail climate, we are seeing significant growth, and the expansion into Spain is just the start of a wider pan European strategy to ensure that more brands and retailers get to experience the unique benefits of our platform. “We are already in active and advanced discussion with a further 70 local Spanish brands that are very excited about our unique proposition.”
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Video: Tory Burch SS24

Tory Burch SS24 Credits: Launchmetrics Spotlight In this video you can see Tory Burch’s SS24 collection presented at New York Fashion Week. FF Channel via Youtube Promotion Read more about Tory Burch on their brandpage
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Two fashion solutions named finalists for Prince William’s Earthshot Prize

Peter Majeranowski, chief executive of Circ Inc. Credits: Circ Inc. Two innovative companies working to tackle waste in the fashion and textile industry have been selected as finalists for Prince William’s The Earthshot Prize. Launched in 2020, The Earthshot Prize is a global environmental award celebrating and championing innovators focused on solving our most pressing global climate challenges, and for the 2023 edition, 15 finalists were selected from more than 1,100 nominations. This year’s event will honour 15 innovators representing six continents, including two sustainable fashion solutions, US-based Circ Inc., which has developed a ground-breaking solution to enable the recycling of polycotton fabrics, which make up half of all textile waste, and Colorifix, a UK company that uses DNA sequencing and nature's own colours to create sustainable dyes that reduce the fashion industry’s use of water and harmful chemicals. Colorfix technology Credits: Colorfix The award will be hosted in Singapore on November 7, with each of the finalists in the running to receive one of the five 1-million-pound prizes to help scale their innovative solutions to protect and restore the planet. Each finalist will also receive mentorship, resources, and technical support from The Earthshot Prize Fellowship Programme, a year-long programme to accelerate the growth of their solutions. The prize is centred around five ‘Earthshots': Protect and Restore Nature; Clean Our Air; Revive Our Oceans; Build A Waste-free World; and Fix Our Climate. Both Circ and Colorfix are nominated in the Build A Waste-free World category. Commenting on being a finalist, Peter Majeranowski, chief executive of Circ Inc., said in a statement: “At Circ, we’ve put our heart and soul into our technology because we see innovation as a crucial component to addressing key drivers of the climate crisis. So, to have our work recognised by The Earthshot Prize is deeply validating. “With the support of the fellowship program, we look forward to the opportunity to further our impact and continue to support solution-oriented change within the fashion industry.”
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THG secures SBTi approval for net-zero targets

THG-owned Cult Beauty Credits: Cult Beauty, Facebook. Beauty and fashion technology group THG has announced that its net-zero targets have been validated by the Science Based Targets Initiative (SBTi), confirming that they align with the latest goal of limiting global warming to 1.5 degrees celsius. To achieve such a feat, THG completed and submitted its science-based targets (SBTs) at the end of 2022, which included its commitment to reduce absolute Scope 1 and 2 GHG emissions by 42 percent before 2030. Additionally, the company, which owns the likes of Look Fantastic and Cult Beauty, is also striving for 85 percent of its suppliers for purchased goods, services and distribution to have SBTs by 2027, as well as reducing Scope 1 and 2 GHG emissions by 97.7 percent before 2040. The current climate science requires for emissions to be halved by 2030, with the goal of reaching net-zero by 2050. THG first launched its own sustainability strategy in 2021, through which it has focused on three key priorities: protecting climate and nature, strengthening its supply chain and circularity and empowering people. In a release, Matt Moulding, THG’s CEO, said: “THG has taken a significant stride forward as our net-zero targets have been officially validated by the SBTi. “Two years ago, we signed a commitment letter with the SBTi stating that we would be aligning our climate mitigation targets with the latest science. “Today, the validation of our net zero targets by the SBTi reaffirms our dedication to achieving a net-zero status as a company, minimising our climate impact."
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Frasers Group in talks to sell Missguided to Shein, report says

Missguided app/website Credits: Justin Tallis / AFP Frasers Group is reportedly looking to sell its Missguided label less than 18 months after buying the business out of insolvency. The group, which owns Sports Direct, House of Fraser, and Jack Wills, among others, is in “detailed negotiations” with fast fashion retailer Shein over a potential sale of Missguided, according to a Sky News report. The two fashion giants have been in talks for several weeks, the outlet reports, citing City sources. However, it added that the outcome of the deal remains uncertain, and the timing of its completion, if it does go through, is also unclear. If the deal does go ahead, it will be Shein’s first acquisition of a British fashion brand. Founded in China in 2008, Shein has grown rapidly in recent years, but has also drawn criticism for its cheap clothes and the speed at which it churns out new collections. The retailer, which to many has become one of the faces of fast fashion, had a valuation of around 66 billion dollars following a funding round earlier this year, according to a report by The Wall Street Journal. Last year, its value was above 100 billion dollars, dwarfing that of rivals Inditex and H&M. Missguided was founded in 2009 by Nitin Passi. The fast fashion company fell into administration in 2022 after it was issued a winding-up order by supplier JSK Fashions which said the retailer owed it millions of pounds, Sky News reported at the time. Just days after its collapse, the company was bought by Frasers Group for 20 million pounds.
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Monster trucks and levity lift London Fashion Week

Masha Popova SS24, London fashion week Credits: Launchmetrics Designers can find sources of inspiration in unexpected places -- as evidenced by the runways of London Fashion Week on Sunday. Ukrainian designer Masha Popova turned to monster truck shows while China's Susan Fang showcased a collection of ethereal dresses. Engines roaring Best known for her work with denim, Ukrainian-born designer Popova continued what she called her "obsession with denim manipulation" in her new collection. Models walked the runway in denim mini-skirts and hip-hugging low-rise jeans. Popova, based in London, treated her signature fabric in a variety of ways -- including over-dyeing, flocking, scratching and patchwork -- to produce a "rugged effect". The collection was inspired by monster truck shows and featured an "electrifying" colour palette for the outfits. The models walked to the beat of techno music, with the sound of engines roaring in the background. Popova counted social media influencers among her guests, including the sisters Abby and Charlotte Roberts, both with millions of followers on TikTok. Fashion content creator and model Emma Winder told AFP after the show that she liked the "earthy tones" of the collection, even if she was "not really a double denim fan". Floating with Fang Credits: Launchmetrics Susan Fang, originally from China, launched her brand in 2017 after graduating from the Central Saint Martins arts university in London. Since then she has created futuristic designs with a weightless, floating appearance. For her spring and summer 2024 collection, models walked beneath large wings made of white kites said to represent "human civilisation and emotions", hanging next to the figure of a "cold robot" also made of white kites. Below-the-knee skirts, from black to pale pink, were paired with crop tops in the collection, which also featured dresses with tulle ruffles and sandals worn with socks. Fang also showcased a dress made from protruding wire trees adorned with beads, handcrafted primarily by women from Chinese minority groups, a centrepiece of the collection. Fang said that with the design she wanted to create an "ensemble resembling the Tree of Life, radiating the pure energy of human life". Union Jack Sinead Gorey, one of the last to showcase her works on the London runways, paid homage to the "British summer of love" with a collection that put the Union Jack front and centre. The flag was featured on the designs that included thigh-high, high-heeled boots harking to the 1990s Spice Girls, with inscriptions like "London Swings Again!" and "God Save the Sexy and the Glamourous"!. London Fashion Week continues before winding up on Tuesday.(AFP)
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BFC teams up with NewGen alumni on a bag collection

BFC 30 NewGen bag collection, Christopher Kane Credits: BFC/Bags of Ethics In Pictures The British Fashion Council is commemorating three decades of its NewGen talent initiative with a collaboration with seven of its NewGen alumni designers on a bag collection crafted in partnership with Bags of Ethics. The bag collection features designers Ahluwalia, Christopher Kane, Erdem, Giles Deacon, Halpern, Mary Katrantzou and Roksanda, who have all donated a signature print that has been reimagined into a limited edition run of luxury tote bags in two sizes. Christopher Kane has used his ‘Psyche Floral’ print from his spring/summer 2022 collection, while Erdem offers his refreshing white and green ‘Rosalind’ print, and Halpern’s tote is printed with glitter ink to mimic the original zebra print from Halpern made with sequin from one of its latest collections. BFC 30 NewGen bag collection, Roksanda Credits: BFC/Bags of Ethics Other designs include a graphic block of coloured waves from Ahluwalia, while Mary Katrantzou has opted for a print from her autumn/winter 2011 collection, titled ‘Objects of Art’ featuring a flamboyant rooster, and Roksanda has chosen a graphic print inspired by femininity and empowerment from her autumn/winter 2021 collection. BFC launches totes designed by Christopher Kane and Roksanda There is even a bespoke print from Giles Deacon featuring exclusive artwork showcasing the designer's graphic symbolism inspiration, with a hand-drawn historic pineapple as a reference to London and a theatrical scroll. BFC 30 NewGen bag collection, Giles Deacon Credits: BFC/Bags of Ethics The bag collection has been consciously developed in partnership with Bags of Ethics, manufactured in India by a majority female workforce, and printed using REACH-compliant non-toxic inks on sustainably sourced cotton. A donation from each bag goes directly to the BFC Foundation charity to continue supporting the next generation of young designers in the UK. Each bag design is available in two sizes - the large tote is 70 pounds and the small is 40 pounds. The bags will be on sale until February 2024 at Bags of Ethics, Fenwick, Harrods, Harvey Nichols, Machine-A, Selfridges, and The Design Museum. BFC 30 NewGen bag collection, Mary Katrantzou Credits: BFC/Bags of Ethics BFC 30 NewGen bag collection, Erdem Credits: BFC/Bags of Ethics BFC 30 NewGen bag collection, Halpern Credits: BFC/Bags of Ethics BFC 30 NewGen bag collection, Ahluwalia Credits: BFC/Bags of Ethics
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Drest founder Lucy Yeomans to become CEO again

Drest, Gucci campaign Credits: Drest Luxury mobile game Drest has announced that chief executive Lisa Bridgett has stepped down from her role citing “personal reasons,” and founder and co-chair Lucy Yeomans will re-take the CEO reins. In a statement, Drest said that Yeomans and board co-chair Graham Edwards work with an executive search firm to recruit a new permanent CEO. Yeomans moved from the CEO role in 2022 to focus on Drest’s strategic product, partnerships, brand and creative development. Bridgett joined Drest in 2019 as chief marketing officer before moving into the chief operating officer role and eventually CEO in February 2022. During this time, Drest established its luxury game player base and positioning in the marketplace and raised an additional 15 million pounds in funding to enable its evolution across gaming, media, data and e-commerce, as the company prepares for the global roll-out in 2024 of Drest version two. Commenting on leaving Drest, Bridgett said: “After five exceptional years of working with such a uniquely talented team at Drest and partnering with the inimitable Lucy Yeomans, I have decided to invest time in my sons, my husband and myself. I will pause momentarily on a career spanning 30 years, of which I am immensely proud and grateful. “Drest is in an incredible position - we are the leading luxury lifestyle mobile game in the market with a new technology platform and feature set being readied for players who have embraced the merging of gaming, luxury fashion and media.” Yeomans added: “I am immensely grateful for the commitment, passion, vision and expertise that Lisa has brought to the business - it has been a fantastic experience working so closely with her during this period of intense growth for Drest. “In the last two years we have cemented our position as the ultimate luxury fashion styling game, delivering growth on our user base by 250 percent year-on-year and expanded our list of brands working with the game to over 250. With our recent round of investment, some exciting new hires and the development of an augmented version of the game which will launch next year, I am excited about the future of the company and have full confidence in our executive board and Leadership Team to deliver the next phase of the Drest strategy.”
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