Coty Divests Remaining Stake in Wella

Coty Divests Remaining Stake in Wella

PARIS – Coty Inc. continues deleveraging and divesting non-core assets, and has sold its remaining 25.8 percent stake in hair care giant Wella to KKR. Under terms of the deal, Coty is to receive an upfront cash consideration of  $750 million and 45 percent of any proceeds or from a further sale of or an…

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Forget AI Is a New Magazine Conjuring Otherworldly Fashion Editorials

Forget AI Is a New Magazine Conjuring Otherworldly Fashion Editorials

AI PRINT: As the world of media — and readers — adjusts to the advent of AI, a new Milan-based magazine is aiming to capitalize on the opportunity provided by the technology to create impossible fashion imagery. The newly launched Forget AI magazine has printed its first issue, titled “Beyond Human,” a three-cover, 160-plus-page glossy…

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The 12 Best Floral Delivery Services to Easily Order Flowers Online

The 12 Best Floral Delivery Services to Easily Order Flowers Online

If you purchase an independently reviewed product or service through a link on our website, WWD may receive an affiliate commission. Few gift ideas have stood the test of time quite like a stunning bouquet of flowers filled with a variety of lush, blooming florals along with sprigs of complimentary greenery. Sending an arrangement of…

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Will Money Talk? Elliott Takes $1 Billion Stake in Lululemon, Pushes for Ralph Lauren Exec to Be Next CEO

Will Money Talk? Elliott Takes  Billion Stake in Lululemon, Pushes for Ralph Lauren Exec to Be Next CEO

Lululemon Athletica founder Chip Wilson has been agitating for change, and the outspoken critic now has activist investor Elliott Investment Management weighing in on a potential chief executive officer candidate. The activist is in a position to make moves, and with a stake reportedly valued at more than $1 billion, Elliott’s input might have more…

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Bulgari Names Laura Burdese Chief Executive Officer

Bulgari Names Laura Burdese Chief Executive Officer

MILAN – Laura Burdese is set to become Bulgari’s new chief executive officer on July 1, succeeding Jean-Christophe Babin. She was named deputy CEO in July last year. Babin will remain chairman of the Bulgari board, CEO of the Bulgari Hotel business unit, and president of the Bulgari Foundation, reporting to Stéphane Bianchi, LVMH group…

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Meet Swan Beauty, the AI-Powered Personal Vanity Mirror

Meet Swan Beauty, the AI-Powered Personal Vanity Mirror

The pandemic-era interactive workout mirror is getting a beauty equivalent. Called Swan Beauty, the new AI and AR mirror that features skin analysis, product recommendations, routine tracking, creator content and a product sales marketplace debuts Jan. 14 for $795, and will eventually roll out to select Cos Bar doors. In addition to the vanity mirror,…

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Melania Trump Documentary to Spotlight Fashion

Melania Trump Documentary to Spotlight Fashion

Fashion, not surprisingly, will have a leading role in Melania Trump’s documentary. In what is reportedly a $40 million deal, Amazon and MGM secured the license for the film “Melania” that is set to hit theaters internationally on Jan. 30. “Melania” chronicles the 20 days leading up to the 2025 inauguration. A premiere is being planned…

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Why the EU-Mercosur Trade Deal Matters for Luxury

Why the EU-Mercosur Trade Deal Matters for Luxury

MILAN — Luxury industry concerns hit a peak this year after U.S. President Donald Trump announced his trade policy that involved a 15 percent tariff on all exports. Since then, leaders here have been banking on a reprieve that hinges on the swift approval of a crucial European Union deal with Mercosur, the South American…

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