Must Read: PAI Partners Acquires Elemis From L’Occitane, ShopMy Opens First Physical Retail Event
These are the stories making headlines in fashion on Wednesday.
PAI Partners Acquires Elemis From L’Occitane
L’Occitane Group has agreed to sell British skin-care brand Elemis to private equity firm PAI Partners. The companies did not disclose financial terms, and closing is expected in the first quarter of 2027, subject to regulatory approvals. Elemis’ net sales nearly doubled to more than $300 million in fiscal 2026 during L’Occitane’s seven years of ownership, and the U.S. now accounts for about half of sales. “We see significant opportunities to accelerate growth in the U.S. and expand the brand’s digital business, while preserving its distinctive British identity,” Gaëlle d’Engremont and Colm O’Sullivan, partners at PAI, said in a statement. {PAI Partners}
ShopMy Opens First Physical Retail Event
Creator commerce platform ShopMy will hold its first physical retail experience, The Holiday Market by ShopMy, from Dec. 11 to 13 at Storied in West Chelsea. The market, in the former studio of photographer Annie Leibovitz, will feature 65 brands across fashion, accessories, beauty, home and lifestyle, including Natura Bissé, Lingua Franca, Perfect Moment and Louis Poulsen. General admission costs $40, a weekend pass is $80 and VIP shopping hour is $100. {Fashionista inbox}
Coty Secures 40-Year Beauty License for Marc Jacobs
Coty announced a 40-year extension of its Marc Jacobs license with WHP Global and G-III Apparel Group. The beauty company has made Marc Jacobs fragrances, including Daisy and Perfect, since 2003. It relaunched Marc Jacobs Beauty at hundreds of Sephora stores this year, noting that the line’s retail sales are already exceeding targets. The agreement positions Coty to expand Marc Jacobs Beauty into new markets and more makeup categories. {Coty}
Olivia Dean Stars in Jimmy Choo’s New Film Series
Photo: Courtesy of Jimmy Choo
Jimmy Choo has launched Choo Stories, a film-led storytelling series about life’s moments of transformation, with British singer Olivia Dean as its first subject. The inaugural film shows behind-the-scenes footage from Dean’s sold-out “The Art of Loving Live” world tour, on which she wore custom and ready-to-wear Jimmy Choo shoes designed by Creative Director Sandra Choi. Dean has worked with the brand since 2022, when she performed at the unveiling of the Claridge’s Christmas tree by Jimmy Choo. {Fashionista inbox}
Revolve Group Q3 Sales Rise 20%
Revolve Group reported Q3 sales rose 20% to $356 million, but higher shipping costs cut into profit. Net income fell 27% to $15.5 million, and adjusted EBITDA dropped 7% to $23.5 million. Active customers grew 18% to 3.2 million, and orders rose 19%, though the average order value slipped 5% to $292 because of low-priced beauty items from its Grow-Good line with Cardi B. {Revolve}
Fashion Scholarship Fund Names 5 New Board Members
The Fashion Scholarship Fund, the oldest fashion-oriented education and workforce development nonprofit, appointed five new members to its Board of Governors: Paula Fallowfield, chief human resources officer of LVMH Americas; Nina Flood, global brand president of Timberland; Joy Herfel-Cronin, group president of wholesale North America at Ralph Lauren; Toretha McGuire, chief people officer of Fanatics; and Rachna Shah, global CEO of public relations firm KCD. “Their perspectives, leadership and guidance will be invaluable as we continue to expand the support we provide to Scholars and Alumni as they pursue careers in our industry,” said President of the Fashion Scholarship Fund Peter Arnold. {Fashionista inbox}
