Analysis and advice on new fashion ventures, including key lessons for entrepreneurs.
The News in Brief

Prices for pre-owned Rolex watches kept falling on the secondary market last month while entry-level models and brands like Cartier and Omega fared comparatively better.

In a statement ahead of its third quarter earnings call on Oct. 3, Oddity Tech — the parent of makeup brand Il Makiage and skin care line Spoiled Child, which started trading on the Nasdaq in July — said it expects revenue for the third quarter ended Sept. 30 to rise 29 to 31 percent year-over-year, up from initial guidance of 18 to 23 percent.

The company and its stockholders are expecting to sell at least 32 million shares, likely to be priced between $44 and $49 apiece, and potentially raise about $1.58 billion at the top-end of the range, according to a filing with the US Securities and Exchange Commission.

On Saturday, subscribers to Philo’s mailing list received an email confirming the launch date along with a fast-moving GIF of flashing images teasing a glimpse of her creative vision for the label for the first time.

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