Trading Up: Popular Aussie skincare brand Aesop sold to L'Oreal in record $3.7 billion deal
Luxury Aussie skincare brand Aesop has been sold to L’Oreal for a record-breaking amount.
Source: perthnow.com.au
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Luxury Aussie fashion brand collapses
Business by Kathy Skantzos Luxury fashion retailer Mon Purse that got off the ground as a Sydney-based start-up in 2014 is the latest brand to fall victim to 2020's retail blows. The Australian retailer, founded by entrepreneur and former News Corp advertising sales executive Lana Hopkins, has collapsed on the back of COVID-19 supply issues which led to customers waiting weeks for their purchases. Customers took to the brand's Facebook page to complain about orders not being delivered, but the business has failed to update its social media accounts si...
Source: byronnews.com.au