“I want to know. What do you see?” asks Lady Gaga, her voice carrying a combination of genuine curiosity, press-savvy flirtation and inherent provocation. The image in question, debuted to WWD, is the cover of Gaga’s new single “Applause.”
Richard Baker has finally roped in his prized retail horse — Saks Fifth Avenue. On Monday morning, Baker, the chairman and chief executive officer of the Toronto-based Hudson’s Bay Co., disclosed a definitive deal for HBC to buy Saks for $2.9 billion, including debt.
The bidding has begun for all or part of Jones Group Inc. The company hired Citi as its investment bank to explore options, and according to financial and market sources, the first round of bids was due on July 19.
When it comes to talking about Procter & Gamble Co.’s beauty business, A.G. Lafley isn’t inclined to use platitudes. “It’s stalled. We know what we need to do and we’re on it,” said the two-time P&G chief executive officer, who in May rejoined the consumer products giant to replace his successor, Bob McDonald.
The accessories and handbag company, which is in the process of evolving its product assortment, pricing and branding in an effort to achieve lifestyle-brand status, saw its shares fall 7.9 percent Tuesday as it reported a 12 percent drop in fourth-quarter income, the cutting of 200 jobs and the departure of two more high-level executives.
The slow process of fixing working conditions in the Bangladesh apparel industry has begun. As executives from international retailers and labor organizations met with industry and government officials to talk about a labor safety accord, the Bangladesh government said Thursday that it would next week decide on a wage increase for the sector’s 38 million workers.
Katie Holmes —who inked a cosmetics deal with Bobbi Brown last September and bought into Alterna hair care in January — is launching the Bobbi & Katie Collection with Brown in September and planning her next entrepreneurial steps in the beauty category.
The pace of digital transformation shows no signs of slowing down, and a study set to be released today by New York University think tank Luxury Lab, or L2, details the rapidly changing landscape, where Google and Facebook dominate mobile advertising, the influence of Asia is rising and photo and video sharing are eclipsing texting.
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