
Photo: Courtesy of Celine
These are the stories making headlines in fashion on Monday.
Michael Rider makes his Celine debut
The New York Times‘s Vanessa Friedman reviewed Michael Rider’s Celine debut as a successful merger of familiar House codes with new design ideas. “It was familiar, but in a messed-up way. At least in Mr. Rider’s hands, the effect was compellingly (rather than alarmingly) unsettling,” she wrote. Rider’s Celine era also mended the brand’s relationship with Anna Wintour: The Vogue editor was invited to her first Celine show in six years after the publication was blacklisted. {The New York Times/paywalled}
E.L.F. CEO shares growth plans
Following E.L.F. Beauty’s $1 billion acquisition of Rhode, the company wants to scale into a major beauty player, competing against conglomerates like Estée Lauder Companies and L’Oréal Group. Its growth plan will focus on “building a direct relationship with consumers, developing fast-moving brands and pushing for culture change,” the company’s CEO Tarang Amin told Vogue Business. As it expands its brand portfolio, the company wants to invest in brands that offer newness, create innovative formulas, have strong storytelling and community-building and are fast-growing. {Vogue Business/paywalled}
Dior renews UNESCO partnership
Dior renewed its UNESCO partnership to continue offering educational and career opportunities for female students through its Women@Dior mentoring program. {WWD/paywalled}
Coty is rumored to be seeking to offload brands
Coty is allegedly looking to sell some of its brands after failing to meet profit goals and struggling to keep up with competitors. Business of Fashion reports that potential buyers will likely be interested in Coty’s prestige fragrance brands — Hugo Boss, Gucci, Chloé — and mass brands like CoverGirl and Rimmel. However, it’s unclear if Coty is legally able to sell its licensed brands. {Business of Fashion/paywalled}
PopMart’s TikTok Shop sales surge
PopMart’s TikTok Shop has seen a dramatic sales increase, generating $4.8 million in sales in April alone due to the Labubu craze. Unlike other TikTok sellers who rely on a large network of influencers who create pre-recorded content, PopMart found success through livestream shopping. The strategy has led to its Labubu restocks selling out within minutes. Plus, the gremlin doll craze has driven up searches for Labubu-inspired merchandise, including apparel, stickers and plush toys. {Modern Retail/paywalled}
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