Image credit: Courtesy of Ami Colé
Here are the latest developments in the fashion sector this Friday.
Ami Colé Attracts Investment from L’Oréal and Expands into Sephora
In just three years since its inception, Ami Colé is set to launch its products in all Sephora locations across the United States and select stores in Canada. The brand will also benefit from a financial boost courtesy of L’Oréal’s investment branch, Bold. Impressively, Ami Colé is projected to achieve around 75% revenue growth year-on-year by 2024. Future plans include venturing into European and UK markets. {Fashionista inbox}
Image credit: Courtesy of Wales Bonner
Image credit: Courtesy of Wales Bonner
Image credit: Courtesy of Wales Bonner
The Launch of the Wales Bonner and David Alaba Internship Initiative
The esteemed designer, Wales Bonner, has teamed up with Austrian football star David Alaba to create a distinctive internship initiative called the Wales Bonner and David Alaba Internship Programme. This paid opportunity aims to mentor and support two recent graduates from fashion schools who identify as Black or have Black mixed heritage backgrounds. Selected candidates will undertake a six-month internship at the Wales Bonner studio in London, focusing either on design & product development or on marketing & communications roles. The deadline for applications is September 30; further details can be found here: here.{Fashionista inbox}
Nike Appoints New Chief Executive Officer Amid Changes in Leadership
Elliott Hill is making his return to Nikeas CEO following John Donahoe’s departure from the position. Having initially retired in 2020 after occupying several key roles within Nike, Hill will start his new chapter on October 13th. Mark Parker, chairman of Nike’s board, stated that after evaluating future needs alongside past performance during a comprehensive succession process it was evident that “Elliott possesses global insights, an engaging leadership style coupled with extensive industry knowledge—top qualities necessary for guiding Nike’s next growth phase.” {
The Influential Financial Leaders Shaping Today’s Beauty Sector
The beauty industry’s remarkable expansion over nearly two decades demonstrates its resilience against economic downturns due largely to substantial financial involvement from various sources.< em >WWD More
atie Inc published an overview highlighting key figures responsible for monumental funding decisions within cosmetics , skincare , wellness sectors—from private equity investors , venture capitalists to prominent bankers among others. {< em >< a h ref = "htt ps:/ /ww d.co m/lis ts/beauty -most-powerful-financiers -1236625338/" WWD /a >/pay walled}
Sourcing Funding for Fashion Shows: Innovations among Independent Brands
Independent designers face fierce competition against established brands often relying heavily upon runway shows as leverage toward consumer visibility through media engagement—and necessity travels beyond traditional financing avenues .For instance .american Express recently extended sponsorship reach towards function under localish motive behind newly issued limited edition accessories like”Ana bags”. Similarly .Luar enlisted promotional efforts with Uber creating offers incentivized by ride-hailing apps which bolstered attendance ; extravagant bags contributed uniquely exhibit Samsung connectivity where models wore Galaxy Rings during showcases led by LaQuan Smith additionally selected donors included less conspicuous supporters featuring round-up on funding assistance resource highlighted Rachel Tashjian Ashley Fetters Maloy studied advanced models impacting burgeoning corporate sponsorship industry present( however prior performances)( effect.)
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Vogue Announces Participants Set For Forces Of Fashion Festival| Focus Line Up Oct26
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