Photo: Jeremy Moeller/Getty Images
These are the stories making headlines in fashion on Monday.
Are there too many basics brands?
From 10¢ white tee shirts on Amazon to luxury investment pieces at Me+Em, the basics market is saturated to say the least. Searches for “capsule wardrobe” are up 60% in the past year and “uniform” are up by 42% as consumers seek trendless, easy dressing. Amy Francombe explores whether we’ve hit “peak basics” as brands rush to design the best white top. {Vogue Business/paywalled}
L’Oréal Groupe acquires 10% of Galderma
L’Oréal announced a 10% investment the Swiss dermatology company (and injectables leader) on Aug. 5. The acquisition marks the beginning of a scientific partnership in which the two companies will combine their dermatological solutions and expertise in skin biology, diagnostic tools and evaluation methods. The partnership will advance L’Oréal’s plan to span the entire beauty routine. L’Oréal will not seek to be represented on the Galderma board of directors. {L’Oréal Finance}
Photo: Courtesy of Givenchy
Givenchy opens flagship on Rodeo Drive
Givenchy announced the opening of its first permanent west coast flagship store in a Frank Lloyd Wright-designed building on Rodeo Drive in Beverly Hills, Calif that was originally home to the Anderton Court Shops. Givenchy will preserve the building’s multi-store concept by separating its collections into their own retail spaces (totaling 8,000 square feet), to open in two phases: The first is open now; the second will open in the new year. {Fashionista Inbox}
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Source: Fashionista.com
