Aston Martin has deepened its fashion sector links with two big names joining its board. Net-A-Porter founder Natalie Massenet and ex-Harrods and Saks 5th Avenue exec Marigay McKee are among its new directors.
The digital-first beauty brand announced on Wednesday that it has raised $80 million in a Series E funding round led by Lone Pine Capital, an injection of capital that brings the company’s valuation up to $1.8 billion.
As a member of the pledge, Tapestry will commit to securing the advancement of Black individuals in the fashion and beauty industry and will work with BIFC executive board members over the next three years.
A new report by Kline, a consulting and market intelligence company, found that while foot traffic was down, sales "did not decline as significantly," thanks to higher consumer spending and stocking up during visits.
The ethical fashion retailer has announced that the Net-a-Porter founder has joined its board of directors, while Nike vet Sophie Bambuck has been appointed as the company’s first chief marketing officer.
Interbrand launched its list of the 30 Breakthrough Brands for 2020 on Thursday and a number of fashion and beauty firms are included in the ranking of names that are “set to revolutionise their markets”.