Moncler and Sportswear Company, which holds the Stone Island brand, announced that they have reached an agreement as a result of which Stone Island joins Moncler to develop a new shared vision of luxury. With this transaction, united by their "beyond fashion, beyond luxury" philosophy, these two Italian brands will strengthen their ability to interpret the evolving cultural codes of the new generations and the meaning of luxury fashion.
Read MoreWhen former V magazine art director Peter Poopat and brand consultant Flavio Girolami founded Common Projects ten years ago, the market for premium-priced sneakers was relatively underdeveloped. However, their prescience was soon to be proven by a boom in the luxury sneaker category, which has seen designer labels like Balenciaga, Givenchy and Saint Laurent selling sneakers everywhere from Sneakerboy to Bergdorf Goodman.
Read MoreMulti-fashion player VF Corporation and streetwear brand Supreme announced that they have signed a definitive merger agreement. VF is buying Supreme from private equity firm Carlyle Group and investors including Goode Partners. The Carlyle Group paid USD 500 million in 2017 for a roughly 50% stake in the fashion brand, an investment that could double in value based on the latest transaction. VF jumped the most in 33 years after agreeing to buy Supreme for USD 2.1 billion to bolster its portfolio of apparel and footwear brands. The cash transaction is expected to be completed by year end and marks VF’s largest acquisition since it bought Timberland in 2011 for USD 2.3 billion.
Read MoreWhoop has won over investors and quickly became commonplace in pro sports, with early fans including LeBron James and Michael Phelps, and recently raising a USD 100 million Series E at a USD 1.2 billion valuation. Whoop is a monthly subscription for 24/7 health monitoring across sleep, recovery and strain, including free hardware (Whoop Strap 3.0) and a coaching platform designed to optimize behavior.
Read MoreAfter raising a USD 66 million Series D funding in August to expand access to creative courses globally, Skillshare that it has raised new funding from Adobe, the global leader in creative software. The total amount of funding was not disclosed, but this latest raise is part of Skillshare’s Series D round announced this summer.
Read MoreJust a few years ago, most luxury brands stayed out of the consignment and resale conversation. Some went so far as to speak against it, wary of counterfeit goods or the prospect of losing their market share. Gucci has recently announced a partnership with The RealReal, including a special Gucci e-shop stocked with consignors’ items as well as merchandise brought in directly from Gucci.
Read MorePalace Skateboards' tri-ferg logo has fast become one of the most instantly recognizable and highly-coveted emblems in the streetwear world. Much like Supreme's Box Logo and BAPE's Ape Head, the London brand's icon has made its way onto everything from tees to duffel bags.
Read MoreCrumble is one of the easiest desserts to make. Whatever you do it always tastes perfect! There are hardly any ingredients, so you can throw it together really easily. Apples and pear are one of my favorite combinations! It makes a sweet and gooey fruity layer at the bottom, covered in a crumbly granola topping and baked in the oven to bring it all together – served warm with a scoop of coconut yogurt or Italian gelato, it is perfect for any occasion.
Read MoreOne cannot deny that it has been a year filled with plenty of ups and downs, and a need to adjust, requiring patience, while facing the unknown. I began to note a number of similarities between running an ultra-marathon and living life amidst the COVID-19 pandemic. It has become clear to me that having a defined goal, offers purpose and direction, while navigating towards an unknown future.
Read MoreGOAT Group, a Los Angeles, California-based apparel and sneaker retailer, has raised USD 100 million in a Series E round from D1 Capital Partners, continuing to accelerate the company's growth across its product categories and geographies.
Read MoreDigital fitness is on a run, literally, as training at home becomes the new normal. Peloton’s Q4 earnings showed a 172% YoY jump in revenue, and its connected subscribers were up 113% YoY, Apple announced Fitness Plus, its new virtual fitness product, and Zwift, an indoor training app, reached unicorn status after a USD 450 million funding round.
Read MoreAllpress, Bills, Deus Ex Machina and Soho House, four household names that when you hear them, you know what to expect, given that you have an appreciation for tasty food, love a good drink and are in favour of unique experiences. Faced with new food delivery concepts, fast changing consumer preferences and the impact of COVID-19, it takes a special business to stay afloat and the right interaction to create a lifetime of loyalty to stay at the top.
Read MoreGymshark, the fitness community and apparel brand, has announced it will enter a strategic partnership with General Atlantic, a leading global growth equity firm, in its first-ever fundraise, valuing the business at over GBP 1 billion, benefiting from the latest trends in the fitness industry and among direct-to-consumer brands.
Read MoreAll of my 2020 races have been cancelled or postponed for obvious and good reasons. It started with the Paris Half Marathon back in March, followed by The Speed Project, Mozart 100 as well as my plan to run the 150 kilometer-long Jebel Shams trail in Oman. While searching the UTMB website for potential qualification races, I stumbled upon Camí de Cavalls on Menorca.
Read MoreAfter a just-in-time cancellation of the The Speed Project in March, a couple of hours before Donald Trump locked down the United States, I had no doubt that The Speed Project will go ahead in 2020 one way or another. In a year where everything is cancelled, the renegade spirit of The Speed Project will live on in TSP DIY.
Read MoreThe demand for a more sustainable food system is global and growing fast, with much of the shift being led by Millennials and Generation Z. Startups like Perfect Day, Oatly and Califia Farms that are offering alternatives to animal-made protein as well as milk, have long touted their animal and environmentally friendly bona fides.
Read MoreOn March 12, exactly four months ago today, I received the message that The Speed Project was canceled. On March 13, Donald Trump, closed the boarders, prohibiting any oversea flights from entering the United States, and we have moved to working from home. Since then, it has truly been an interesting journey in all areas of life.
Read MoreOverall, the fitness industry has already been experiencing the massive growth of digital fitness, out-of-studio experiences and connected fitness. Notable platforms, such as Peloton and Mirror, have created enormous awareness, brand recognition and loyal followings. While they offer solutions that are able to fully replace the in-studio experience, they are often supplemental to the physical studio or gym experience. Consumers still desire physical human interaction but often schedules, travel and other issues impede their ability to get to a physical gym. Today’s new connected are combining training, social interaction, gamification and many forms of engagement for the consumer.
Read MoreSaudi Arabia’s Public Investment Fund has invested USD 1.5 billion into Mukesh Ambani’s Jio Platforms, becoming the latest international investor to invest into the fast-growing Indian digital services business during the coronavirus pandemic.
Read MoreConsolidation in the world of on-demand food ordering and delivery continues apace, a move that is creating the world's largest online food-delivery company outside of China in terms of revenue. Europe's Just Eat Takeaway.com has agreed to buy Grubhub in an all-stock transaction worth about USD 7.3 billion. The deal values Grubhub's shares at USD 75.15 apiece, a 27% premium to their Wednesday close.
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