Rick Owens Bans Animal Fur as Kering Sells 60% Stake in Fifth Avenue Property; YSE Beauty Secures $15M Series A
Fashion label Rick Owens has announced a fur-free policy, banning animal fur across all future collections and signaling a shift toward ethical luxury. The move aligns with rising consumer demand for cruelty-free fashion and positions the brand as a leader in responsible design within the luxury sector. In a parallel development, luxury conglomerate Kering disclosed the sale of a 60% stake in a flagship Fifth Avenue property, a strategic real estate decision aimed at optimizing the company’s portfolio and freeing capital for growth in its core brands. Separately, YSE Beauty confirmed a $15 million Series A funding round, underscoring investor confidence in high-growth beauty brands and the potential of beauty-tech innovations. The new funding will support product development, market expansion, and strategic partnerships as the brand scales. For home enthusiasts, the market also highlights opportunities to modernize living spaces with innovative home appliances that make daily life smarter and easier, reflecting a broader trend toward connected, energy-efficient living.