Luxury Daily
  • Email
  • Print
  • Reprints
  • ARTICLE TOOLS SPONSOR

News briefs

Day’s wrap: Farfetch, Sephora, Estée Lauder, Sub-Zero Group and L Catterton

February 26, 2021

Farfetch revenues hit $1.7B as luxury shoppers go online. Image courtesy of Farfetch

 

Luxury Daily’s live news for Feb. 26:

Farfetch revenues hit $1.7B as luxury shoppers go online
Online retailer Farfetch saw its gross merchandise value exceed $3 billion, noting in its financial results for the full year ended Dec. 31 2020.

Please click here to read the article


Sephora focuses on bricks-and-mortar expansion, collaborations
LVMH-owned beauty retailer Sephora has announced it is opening 260 new stores in 2021 and collaborating with Coach for a new makeup collection.

Please click here to read the article


Estée Lauder names Ana de Armas new global ambassador
Beauty brand Estée Lauder has announced actress Ana de Armas as a new global brand ambassador in its latest push for storytelling and representation.

Please click here to read the article


Sub-Zero Group introduces virtual showcase for smart appliances
Kitchen appliance group Sub-Zero, Wolf and Cave is launching its first virtual showcase to feature new product offerings.

Please click here to read the article


Birkenstock sells majority stake to LVMH-backed firm
LVMH Moët Hennessy Louis Vuitton-backed private equity firm L Catterton has acquired a majority stake of German footwear label Birkenstock, hoping to boost sales in China and India, as well as online.

Please click here to read the article


Why luxury lingerie is pandemic-proof
While many luxury brands have seen financial losses during the COVID-19 pandemic, one category that continues to thrive is lingerie.

Please click here to read the article


Please click here to read the morning newsletter