Coty and Kylie Jenner have announced the completion of the transaction cementing their long-term strategic partnership and revealed the appointment of Christoph Honnefelder as CEO of Kylie Cosmetics and Kylie Skin.
The CEO of the American fashion group, who stepped into his role in early 2015, will be succeeded by chairman of the board, Robert J. Fisher, heir of the company's founding family, who takes over as interim CEO.
After specialising in luxury, the pre-owned fashion e-tailer is re-focusing on affordable luxury brands, while adapting its purchasing options and commissions to the mid-market segment, and eyeing global expansion.
SMCP has named Elina Kousourna as the new CEO of its recently acquired menswear brand De Fursac and promoted Flavien d'Audiffret to the executive's former role as the group's strategy, digital and development director.
According to a study from Vestiaire Collective and Boston Consulting Group, luxury brands should be embracing the second-hand fashion boom, not least because it moulds the loyalties of future primary-market consumers.
Asos has had its challenges in recent periods and its share price has suffered, but the shares rose on Wednesday morning after the company said it has beefed up its board with some key non-exec director appointments.
According to a survey for the Altagamma association with BCG, a growing interest in collaborations and second-hand items are the features of a new kind of luxury goods consumption, chiefly by youngsters.