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System opens shop-in-shop at Galeries Lafayette Homme

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January 8, 2026

System is going from strength to strength in Paris. After opening a flagship store in the Marais, on Rue Saintonge, in mid-2024, the South Korean label, which has been presenting its creations at men’s fashion week since 2019, has just inaugurated a large corner space at Galeries Lafayette Haussmann.

The System corner at Galeries Lafayette Homme – System

The brand, launched in 1990 in Seoul, has set up on the second floor of the men’s building, between A.P.C. and Officine Générale. Its offering is showcased in a setting that echoes the design codes of its Marais store, and also features works by the French graffiti artist Tanc, who previously collaborated on the flagship boutique.

System explained in a press release that this opening is the result of several seasons of work, and that the brand “has demonstrated strong commercial performance within Creative Galerie, a carefully curated retail platform dedicated to brands with high growth potential. This success also builds on the excellent results achieved by the System pop-up store at the main Galeries Lafayette store last year.”

According to the brand, the new retail space, in a department store popular with an international clientele, will showcase the creations of its creative director, Hee-Soo Kim, who has held the role since 2023, including his sheer jackets and knit tops embellished with tie details, as well as leather jackets, ruffled blouses and wide-leg trousers.

System

Already stocked by several leading department stores worldwide, System, which offers a co-ed proposition under the “Global Collection” banner, is highly developed in its domestic market, where, as a subsidiary of Handsome Corporation, the brand enjoys broad exposure. Since 2012, the company has been part of the Hyundai conglomerate via its Hyundai Department Store arm, and it also aims to expand in Japan and across Asian markets. It is pursuing a dual approach, highlighting its creativity by presenting its collection on January 22 in Paris as part of men’s fashion week. 

Handsome is a major player in premium and luxury fashion in South Korea, also owning the brand Time, as well as the multi-brand retailer Tom Greyhound (whose Paris store previously occupied the site of the System flagship). The company also acts as a distributor for numerous international brands. It posted revenues of more than 1 billion euros in 2024.

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Olaplex said to attract takeover offer From Germany’s Henkel

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Bloomberg

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January 9, 2026

Henkel AG has submitted a takeover offer for Olaplex Holdings Inc, according to people with knowledge of the matter, after the shampoo maker lost over 90% of its value since its initial public offering. The stock rose more than 36%. 

Olaplex

Olaplex and Dusseldorf, Germany-based Henkel are in talks about a potential deal that could come together within weeks, said the people, asking not to be identified discussing confidential information.

Private equity firm Advent is Olaplex’s largest shareholder, with close to 75% ownership, according to data compiled by Bloomberg.

No final decision has been made and the talks could end without a deal, the people said. Representatives for Advent and Henkel declined to comment, while a spokesperson for Olaplex didn’t immediately respond to a request for comment.

Olaplex was up 25% to $1.69 at 2:45 p.m. in New York trading Wednesday, giving the company a market value of about $1.1 billion. It was worth $16 billion when it went public in 2021.

Olaplex, which makes shampoo and other hair products, was among a group of capital markets darlings such as sneaker maker On Holding AG and coffee chain Dutch Bros Inc. that went public at peak valuations.

Henkel manufactures chemicals for industrial and commercial goods and is the owner of hair-product brands including Schwarzkopf, its website shows.

Advent bought Olaplex in 2019 without disclosing terms, according to a statement at the time. Its products are sold to individuals consumers and are also used in professional hair salons.



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Puma appoints Nadia Kokni as vice president, global brand marketing

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DPA

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January 9, 2026

The sports company Puma has appointed Nadia Kokni as vice president, global brand marketing, effective January 1. In this role, she will report directly to chief brand officer, Maria Valdes.

Nadia Kokni – PUMA

In her new role, Kokni will oversee the global brand marketing strategy and creative direction, as well as integrated marketing and communications. Her appointment comes as Puma advances its global brand ambitions and sharpens the storytelling around its iconic products and innovations.

Kokni brings extensive international experience in shaping and transforming leading global brands across sports, fashion and lifestyle. She has held senior positions at JD Sports, H&M, adidas, Tommy Hilfiger and, most recently, Hugo Boss, where she served as senior vice president of global marketing and communications. In that role, she led a large-scale brand transformation and accelerated digital initiatives.

“Nadia is a world-class marketing expert who has demonstrated her ability to build modern global brands through strategic clarity, creative excellence and cultural relevance,” said Valdes.

“Her appointment comes at an important time for Puma, as we bring product development and storytelling even closer together. With her leadership, Nadia will help us tell clearer product stories around the world, build greater brand desirability and forge deeper relationships with our consumers.”

Her appointment follows the decision to bring brand marketing, product, creative direction, innovation and go-to-market together into a single global organisation under the leadership of Valdes.

“I am delighted to join Puma at such an exciting time for the brand. The company has an impressive heritage and a clear opportunity to take a leading role at the intersection of sport, culture and performance. I look forward to working with Maria and the teams around the world to tell bold, meaningful stories that inspire our consumers and accelerate Puma’s next phase of growth,” said Kokni.

She replaces Richard Teyssier, who has decided to leave the sporting goods manufacturer to pursue new challenges outside the company.

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Canada Goose names new APAC leader, North America president departs

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January 9, 2026

Canada Goose announced on Thursday Daniel Binder has been appointed president, Asia Pacific, alongside the reshuffling of other key positions at the luxury firm as its North America president departs.

Canada Goose

Continuing his role as chief transformation officer, Binder will now lead the APAC market, effective April, while relinquishing his role as EVP, global stores at the outerwear maker.

Binder is succeeded by Niclas Ekerot, who joins Canada Goose as SVP, global stores, effective immediately.

With more than 25 years of luxury retail experience, Ekerot has held held senior leadership roles at Bottega Veneta, Michael Kors, Gucci, and most recently Burberry. Here, the executive accrued expertise in global retail operations, brand elevation, and customer experience, which “will be instrumental as Canada Goose continues to strengthen and expand its retail presence globally,” said the Canadian firm.

The reshuffle comes as Jonathan Sinclair steps down as president, Asia Pacific. Sinclair, who previously served as the company’s chief financial officer, will remain as a company board member for its regional subsidiaries.

Meanwhile, Ana Mihaljevic, president of North America, will leave the Toronto-based company in February, after more than a decade of leadership at Canada Goose,. Carrie Baker, president, brand and commercial, will oversee the North America market on an interim basis.

Canada Goose said the management updates will drive continued growth in “key global markets,”…”unlocking regional potential, and ensuring continuity as the company executes its long-term strategy.”

“We are deeply grateful to Jonathan and Ana and thank them for their longstanding service and contributions, which have helped build the foundation for our next chapter,” said Dani Reiss, chairman and CEO of Canada Goose.

“We also welcome Dan and Niclas into their new roles. Dan’s proven ability to drive transformation and Niclas’s deep expertise in luxury retail will be critical as we scale our business in Asia Pacific and elevate our retail experience worldwide.”

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