The departure of Hedi Slimane from Celine marks a significant shift in the luxury fashion landscape, particularly within the LVMH conglomerate. After seven years at the helm, Slimane’s exit was confirmed recently, concluding months of complex contract negotiations with LVMH’s chairman, Bernard Arnault. This decision comes on the heels of Slimane’s impressive tenure, during which […]
LVMH Sells Off-White Brand to Bluestar Alliance
In a significant shift within the luxury fashion landscape, LVMH has sold Off-White LLC to Bluestar Alliance LLC, a New York-based brand management company. This deal, announced on September 30, 2024, marks a pivotal moment for the Off-White brand, which has experienced tumultuous changes since the passing of its founder, Virgil Abloh, in 2021. The […]
L Catterton-Backed Beauty Industry Group Appoints CEO
In a significant move for the beauty industry, Robert Schaeffler has been appointed as the new CEO of the Beauty Industry Group (BIG), taking over from Derrick Porter, who has led the company for nearly two decades. Schaeffler’s experience, notably as the former CEO of hair care brand Vegamour, positions him well to steer BIG […]