Fashion World News

Executive changes at LVMH, YNAP and MatchesFashion are the latest sign of rapid change in a hyper-competitive market where the stakes are high and rising. from The Business of Fashion https://ift.tt/39t4SJg

Fashion Makes Mixed Progress on Circularity

Brands missed roughly a third of the goals they set for themselves as part of an industry initiative that ended this year, reflecting the challenge that remains for the sector beyond ambitious sustainability targets. from The Business of Fashion https://ift.tt/37pqsMa

How to Make Sense of 2020? Tune into VOICES Today.

BoF’s annual gathering for big thinkers begins today. Join our live global broadcast 9am-12pm New York, 2pm-5pm London, 10pm-1am Shanghai. from The Business of Fashion https://ift.tt/3lqwa5i

Under Armour Launches Steph Curry Brand in Shot at Nike’s Jordan

from The Business of Fashion https://ift.tt/3linqhO

De Beers Plans To Clean up Diamond Supply Chain, Be Carbon Neutral by 2030

from The Business of Fashion https://ift.tt/37kAvC9

Topshop-Owner Arcadia Group Enters Administration

The highest-profile British retail casualty this year concludes a long and turbulent downward spiral for a business that once ruled the high street. from The Business of Fashion https://ift.tt/3qfKnWI

Black Friday Online Sales Surged, but It Wasn’t Enough To Offset in-Store Traffic Loss

from The Business of Fashion https://ift.tt/33xyv8B

#BoFLIVE: Are Marketplaces the New Department Stores?

BoF’s Lauren Sherman joins the founders of The Yes, Not Just a Label and Henning to discuss the future of multi-brand retail. from The Business of Fashion https://ift.tt/2JuxmYo

BFC Announces Its Annual New Wave: Creatives List

from The Business of Fashion https://ift.tt/3mpxYgv

Longchamp’s Philippe Cassegrain Dies from Covid-19

from The Business of Fashion https://ift.tt/39rn71I

China to Overtake the US as the World’s Largest Consumer Market ‘Very Soon’

from The Business of Fashion https://ift.tt/3qdJuh3

Frasers Group Confirms Interest in Topshop Owner Arcadia Group

from The Business of Fashion https://ift.tt/36lMRe3

The Best Jobs on BoF Careers

BoF compiles the most exciting career opportunities now available on BoF Careers — including jobs from Amiri, KCD and Roland Mouret. from The Business of Fashion https://ift.tt/2Vj7aCE

Careers Counsel | How to Encourage Employee Accountability

Careers Counsel is a weekly round-up of the most helpful and inspiring advice for boosting your career. from The Business of Fashion https://ift.tt/2VeToAS

Global Retail Sales Expected To Drop 16% in 2020

from The Business of Fashion https://ift.tt/2KKAqQA

LVMH Names New Chairman and CEO of Selective Retailing Division

from The Business of Fashion https://ift.tt/2HQv19A

UK Allows Retailers to Open 24/7 In Lead Up to Christmas

from The Business of Fashion https://ift.tt/2JnzL74

LVMH Shakes Up Digital Team, Plans Faster Move to Shared Tech

The group named its first omnichannel director as chief digital officer Ian Rogers exits. Its 75 brands are set to speed up the migration to shared technology systems. from The Business of Fashion https://ift.tt/3fNkgBD

LVMH Chief Digital Officer Leaves For French FinTech Start-Up

from The Business of Fashion https://ift.tt/3fNJG1T

YNAP Names New CEO, Federico Marchetti To Stay On As Chairman

An internal hire from parent company Richemont will take the reins of the luxury e-commerce group. from The Business of Fashion https://ift.tt/3o5KMJi

MatchesFashion Appoints Net-a-Porter’s Elizabeth von der Goltz Chief Commercial Officer

from The Business of Fashion https://ift.tt/36mWtp3

Where VCs Are Placing Their Bets

- November 29, 2020

Financiers are pouring money into e-commerce businesses at a record rate, anticipating new pandemic-driven opportunities. from The Business of Fashion https://ift.tt/2Jv2vL1

Can Fashion Salvage Christmas Sales?

- November 29, 2020

This week, everyone will be talking about how the industry can drive crucial holiday season sales, another month of digital events and BoF’s annual VOICES conference. Get your BoF Professional Cheat Sheet. from The Business of Fashion https://ift.tt/2VcaRde

Luxury Industry Fights to Keep Tourists in London After Brexit

- November 29, 2020

Retailers are calling on the UK government to reverse a decision to abolish a tax relief perk for shoppers visiting from outside the EU. from The Business of Fashion https://ift.tt/3lcZah2

Zappos Founder Tony Hsieh Dies Following House Fire Injuries

- November 28, 2020

from The Business of Fashion https://ift.tt/3o47Dov

Report: Mike Ashley to Offer Lifeline to Arcadia Group

- November 28, 2020

from The Business of Fashion https://ift.tt/37fzfQS

The Face Names Matthew Whitehouse Editor

from The Business of Fashion https://ift.tt/3mggaUL

Is the Future of Luxury E-Commerce Big or Small?

Soon after Farfetch stock surged on the back of its Alibaba mega-deal, mid-sized Mytheresa quietly submitted paperwork for a proposed IPO. Can a niche player compete with the heft of online luxury’s leaders in an overcrowded market? from The Business of Fashion https://ift.tt/3fIKxRt

#BoFLIVE: How to Build a Sustainable Fashion Brand: Masterclass 5 — The Case for Culture

What does it take to build a fashion brand that is good for both people and the planet, but still makes business sense? In the final part of BoF’s masterclass series, we’ll look at the importance of culture, and how companies can make sure their values are embedded in business decisions from the start. from The Business of Fashion https://ift.tt/3fJUC0C

#BoFLIVE: State of Fashion 2021

McKinsey & Company’s Achim Berg and Anita Balchandani and BoF’s Imran Amed will be sharing key insights, themes and issues from The Business of Fashion and McKinsey & Company’s State of Fashion 2021 report. from The Business of Fashion https://ift.tt/33n64tS

Report: Topshop Collapse Imminent

from The Business of Fashion https://ift.tt/3nZ3thI

Labour Campaigners Accuse Boohoo of Flight to Offshore Manufacturing

from The Business of Fashion https://ift.tt/37bEDEG

$5 Billion ‘American Dream’ Mall Faces Make or Break Holiday Season

from The Business of Fashion https://ift.tt/37sa1ir

Sycamore Unit to Pay $540 Million for Ann Taylor, Loft, Lane Bryant and Lou & Grey

from The Business of Fashion https://ift.tt/2JgM4lM

VOICES 2020 — Explore the Full Agenda

BoF’s annual gathering for big thinkers will take place from Dec 1-3, 2020 via a live global broadcast. Register today to reserve your spot. from The Business of Fashion https://ift.tt/3mc8L9a

The BoF Podcast: Tory Burch on Finding Purpose in Female Empowerment

The American designer talks to Tim Blanks about how fashion businesses can be advocates for change. from The Business of Fashion https://ift.tt/378UgN3

Report: End Clothing Explores Stake Sale, Seeking £700 Million Valuation

from The Business of Fashion https://ift.tt/3l9aBGC

Boohoo Appoints Former High Court Judge to Oversee Ethical Turnaround

from The Business of Fashion https://ift.tt/369NeIo

Looking for a Chinese Investor? Consider This.

After a brief lull in activity, Chinese investors could help drive next year’s M&A frenzy. But if past performance is anything to go by, there are reasons to exercise caution before signing on the dotted line. from The Business of Fashion https://ift.tt/3l2qvCw

Model Halima Aden Quits Runway Over Religious Beliefs

from The Business of Fashion https://ift.tt/33AwHMj

Op-Ed | A Sustainability Solution for Fashion: Sell Signifiers, Not Stuff

Better manufacturing processes won’t solve fashion’s sustainability problem, but brands could decouple the social signifiers they fundamentally sell from physical goods and reassign them to immaterial products like media experiences, argues Aaron Chamberland. from The Business of Fashion https://ift.tt/2V2R1RD

Why Big Brands Are Investing in Sustainability Start-Ups

This year, Ralph Lauren and Lululemon have joined the likes of H&M Group, Kering and Chanel in pouring money into innovations that could reduce the industry’s environmental impact. from The Business of Fashion https://ift.tt/2V2lmQj

US Consumer Spending Rose in October While Incomes Declined

from The Business of Fashion https://ift.tt/33fjtnG

L Brands Replaces Victoria’s Secret CEO

John Mehas will step down as the head of the lingerie brand after 21 months in the role as part of a broader executive shake up. from The Business of Fashion https://ift.tt/33ii1kG

Condé Nast Puts Them Editor-in-Chief in Charge of Love Magazine

from The Business of Fashion https://ift.tt/37e7590

L Brands Replaces Victoria’s Secret CEO

John Mehas will step down as the head of the lingerie brand after only 18 months in the role as part of a broader executive shake up. from The Business of Fashion https://ift.tt/33jhfDQ

#BoFLIVE: Seizing the African E-Commerce Opportunity

How are Africa’s online players marketing and selling product to domestic and international markets? from The Business of Fashion https://ift.tt/361CNa0

Gap Falls Amid Weakness at Namesake Brand

The company is closing poor-performing Gap stores where sales declined by 14 percent, while shifting the brand to an online focus. from The Business of Fashion https://ift.tt/3fvWWrI

Mytheresa Says It Has Filed for IPO

The luxury e-tailer is planning to seek a valuation of about $1 billion to $1.5 billion. from The Business of Fashion https://ift.tt/364dSTm

Nordstrom Tops Earnings Estimates, Sees Boost in Online Sales

The company’s executives said they still expect a percentage decline in fourth-quarter net sales in the low 20s range. from The Business of Fashion https://ift.tt/3pTo3Sm

The Future of Buying

As the pandemic reshapes the retail landscape, the role of buyers is changing too. from The Business of Fashion https://ift.tt/39dBPcH

Gap Hires Chief Growth Officer, and President and CEO of Banana Republic

from The Business of Fashion https://ift.tt/3m40R1A

Anya Hindmarch, AllBirds Take Stand Against Black Friday

from The Business of Fashion https://ift.tt/2UY67YC

CEO Jan Singer Out at J.Crew

The executive, who joined the ailing retailer in January, will be replaced by Madewell chief executive Libby Wadle. from The Business of Fashion https://ift.tt/35Z410O

Rubric Initiative Launches To Support Emerging Creatives of Colour

from The Business of Fashion https://ift.tt/3fGF4e5

Balenciaga To Show Fall Collection Via Video Game in December

from The Business of Fashion https://ift.tt/3pYopXN

Tiffany Posts Smaller-Than-Expected Q3 Revenue Decline

The American jeweller’s net sales fell about 1 percent to $1.01, beating expectations of $980.71 million. from The Business of Fashion https://ift.tt/3l0tv2f

At Verizon Media, Making Extended Reality Technology Accessible

The media company is seeking to democratise access to 5G-enabled extended reality programmes and has previously partnered with London College of Fashion and HTC. from The Business of Fashion https://ift.tt/39bpg1w

How Lockdown 2.0 Is Hitting the Supply Chain

The first wave of the pandemic devastated fashion’s supply chain. Fresh restrictions in Europe this month have already led to more cancellations and price pressure, and more pain is on the horizon as cases worsen in North America. from The Business of Fashion https://ift.tt/3fw2q5N

The Quest to Make Wearable Tech Fashionable

With the launch of a yellow-gold band, Silicon Valley-favourite Oura wants its smart ring to be as stylish as it is functional. Lauren Sherman gives it a test drive. from The Business of Fashion https://ift.tt/2URuK9i

Chiara Ferragni Inks New Children’s Clothing Licensing Deal

from The Business of Fashion https://ift.tt/35UV3lm

Snapchat Launches TikTok, Instagram Reels Competitor

from The Business of Fashion https://ift.tt/2UUpQII

Macy’s Inc. and InStyle Join 15 Percent Pledge to Support Black-Owned Brands

from The Business of Fashion https://ift.tt/3fsaUuO

Grazia Names Kenya Hunt Deputy Editor

from The Business of Fashion https://ift.tt/3nQ9uND

#BoFLIVE: Fashion’s Next Steps in Overhauling Its Recruitment Processes

Three diversity and inclusion experts formed a panel discussion to deep dive into essential milestones for fashion’s journey to create more inclusive hiring practices. from The Business of Fashion https://ift.tt/336dHoj

The Best Jobs on BoF Careers

BoF compiles the most exciting career opportunities now available on BoF Careers — including jobs from Craig Green, PVH and Coach. from The Business of Fashion https://ift.tt/3pTpAId

Careers Counsel | Working Parents and the Pandemic

Careers Counsel is a weekly round-up of the most helpful and inspiring advice for boosting your career. from The Business of Fashion https://ift.tt/33ckrkC

Announcing Boy Smells, The Level Group and Omnes

Check out this week’s new partners and openings on BoF Careers, the global marketplace for fashion talent. from The Business of Fashion https://ift.tt/35WiN8M

The World’s Famed Shopping Streets Are Preparing for the Worst

from The Business of Fashion https://ift.tt/3m1r6pi

What Happens When Retail Landlords Invest in Their Tenants?

- November 22, 2020

As store closures reach a record high in the wake of the pandemic, brands and property owners are working more closely together. But it’s not a perfect union. from The Business of Fashion https://ift.tt/396YPKn

Is There a New Gucci Brewing?

- November 22, 2020

Tim Blanks talks in-depth to Alessandro Michele about his multi-day ‘GucciFest’ and desire to transcend ‘the old world’ before the pandemic. from The Business of Fashion https://ift.tt/2J0TsRU

Black Friday and Fashion’s Cloudy Holiday Outlook

- November 22, 2020

This week, everyone will be talking about the kickoff to the holiday shopping season, financial results from a trio of mall brands and the status of Brexit negotiations. Get your BoF Professional Cheat Sheet. from The Business of Fashion https://ift.tt/399ZdYv

Avery Baker Returns to Tommy Hilfiger as President and Chief Brand Officer

from The Business of Fashion https://ift.tt/3fi47nm

Fashion Needs a Ceasefire in the Trade Wars

With Joe Biden preparing to reboot US trade relationships, a potential breakthrough in the Brexit deadlock and the creation of the world’s largest trade bloc in Asia, there is hope of one. from The Business of Fashion https://ift.tt/3nD2rYo

Chanel To Stage Métiers d’Art Show Without Audience Amid French Lockdown

from The Business of Fashion https://ift.tt/3nHPUmO

How Beauty Stores Have Changed During the Pandemic

Most retailers have had six months or more to remake the customer experience for the pandemic, from curbside pickup to virtual testers. Here’s what’s worked and what hasn’t. from The Business of Fashion https://ift.tt/36ZBRSW

Tomorrow Acquires Majority Stake in London Concept Store Machine-A

from The Business of Fashion https://ift.tt/3kIAWuM

Angelica Cheung Left Vogue China. What’s Next for Chinese Media?

The former editor-in-chief’s 15-year tenure has mirrored the growth of the world’s largest fashion market and a rapidly changing media landscape. from The Business of Fashion https://ift.tt/3nKxUIv

Vogue China Editor Angelica Cheung To Step Down

from The Business of Fashion https://ift.tt/2IVWgQH

C-Beauty Giant Yatsen Raises $617m in IPO

from The Business of Fashion https://ift.tt/330JSFQ

Learn from Leaders at Farfetch, Alibaba and, Rent the Runway at VOICES 2020

BoF’s annual gathering for big thinkers will take place from Dec 1-3, 2020 via a live global broadcast. Register today. from The Business of Fashion https://ift.tt/2Kpc3Ia

Where People Are Shopping Again

As Asia’s recovery outpaces other regions, brands shouldn’t lean on China alone. Multi-brand stores in cities like Seoul and Tokyo are becoming more important to labels trying to claw back lost revenues elsewhere. from The Business of Fashion https://ift.tt/3pLrRVW

British Retailers Peacocks and Jaeger Enter Administration

Over 4,700 jobs are at risk. from The Business of Fashion https://ift.tt/2IPTbkT

Zalando Expects Faster Growth in 2021

After struggling to meet a surge in demand in the early stages of the COVID-19 pandemic, the German fashion e-tailer is scaling up in the new year. from The Business of Fashion https://ift.tt/36ONP1v

The BoF Podcast: David Bailey on a Life of ‘Looking Again’

The acclaimed photographer talks to Tim Blanks about his new autobiography and extraordinary career. from The Business of Fashion https://ift.tt/36TMt5F

Paris Fashion Week Says Fall Shows Brought in 135 Million Views on YouTube

from The Business of Fashion https://ift.tt/2ISiWRz

Macy’s Reports 20% Drop in Comparable Sales

The department store chain is bracing for a challenging holiday period as Covid-19 cases surge across the US. from The Business of Fashion https://ift.tt/2UHUWDa

Lululemon Adds to Board of Directors

from The Business of Fashion https://ift.tt/2KcR9M7

Lululemon Adds to Board of Directors

from The Business of Fashion https://ift.tt/2KcR9M7

What the World’s Largest Trade Agreement Means for Fashion

Who are the industry’s big winners and losers as a result of this week’s signing of the Regional Comprehensive Economic Partnership (RCEP)? from The Business of Fashion https://ift.tt/3kRMpII

Pinterest, 1 Granary Launch Visual Discovery Platform for Fashion Design Graduates

from The Business of Fashion https://ift.tt/2UDvKxG

Prioritising a Culture of Inclusivity at PVH Corp.

BoF interviews three leaders from across the company’s portfolio of brands, each driving diversity, inclusivity and equity initiatives at the organisation forward, through associate-led groups. from The Business of Fashion https://ift.tt/3pIXkHY

Tim Blanks’ Top Fashion Shows of All-Time: Kim Jones Autumn/Winter 2005

BoF’s editor at large remembers one of Jones’ earliest collections, ‘a celebration of youth’ where the future took a sharp edge. from The Business of Fashion https://ift.tt/32WNzwh

Why Social Media Advertising Is Still Necessary

Brands that benefited from a drop in customer acquisition costs at the beginning of the pandemic must figure out how to get the most out of their investments as prices rise dramatically. from The Business of Fashion https://ift.tt/3nDtFhA

For Fashion Start-Ups, Which Bets Are Worth the Risk?

Since it relaunched in 2019, Alex Mill has doubled its sales for two years running. Here’s what the company has invested in — and what has paid off. from The Business of Fashion https://ift.tt/3lO4vfY

L Brands Reports Better-Than-Expected Quarterly Sales

from The Business of Fashion https://ift.tt/32ZWWLM

How to Beat Luxury’s Long, Slow Recovery, According to Bain

Luxury sales overall won’t likely get back to pre-pandemic levels before 2022. But a few brands are already surging ahead of the pack. from The Business of Fashion https://ift.tt/35IjvpW

De Beers Diamond Demand Recovers From Covid-19 Hit

from The Business of Fashion https://ift.tt/3pGBJ36

PVH Hires Nike’s Jessica Lomax as Calvin Klein Global Head of Design

from The Business of Fashion https://ift.tt/35HAuJ3

Target’s Sales Soar Ahead of Crucial Holiday Shopping Period

The retailer’s comparable sales including e-commerce jumped 20.7 percent from a year earlier. from The Business of Fashion https://ift.tt/390klAB

Industry Professionals Launch Programme to Recruit Black Students for Future Fashion Careers

from The Business of Fashion https://ift.tt/2ILv9aG

The New Online Platform Celebrating Black Creative Talent

from The Business of Fashion https://ift.tt/3nBFo0d

Global Fashion Group Raises $140 Million

from The Business of Fashion https://ift.tt/2UClBRT

Global Luxury Goods Sales Set for Largest Ever Fall

Luxury sales worldwide are forecast to drop by 23 percent to €217 billion ($258 billion) this year. from The Business of Fashion https://ift.tt/3pE8Fcm

Farfetch Partners With The Folklore To Showcase African Talent

from The Business of Fashion https://ift.tt/3kGDVUG

J.Crew’s Survival Plan: Edit Out ‘the Ugly’

The struggling American retailer has a new chief executive in industry veteran Jan Singer. Will her strategy bring it back from the brink? from The Business of Fashion https://ift.tt/2UEfZqq

Can Rimowa Pull a Louis Vuitton?

Alexandre Arnault, chief executive of the LVMH-owned maker of hardshell suitcases, is betting that softening up — and inching toward the hyper-competitive handbag market — will drive growth during this tough time for the travel industry. from The Business of Fashion https://ift.tt/3lKwtcc

Seizing Fashion’s Homeware Opportunity

The home goods market was heating up pre-pandemic, but now a fresh crop of brands have ambitions to capitalise on the space. What do they need to do to succeed? from The Business of Fashion https://ift.tt/35HWKTc

Alber Elbaz’s AZ Factory Set to Launch in January

from The Business of Fashion https://ift.tt/3nsUeWE

Report: Indian Factory Workers Supplying for Ralph Lauren Allege Exploitation

from The Business of Fashion https://ift.tt/32SpBSO

Former Farfetch Executive Joins PR and Brand Consultancy ScienceMagic.Inc

from The Business of Fashion https://ift.tt/2IKyjM3

Aspesi Appoints Lawrence Steele Creative Director

from The Business of Fashion https://ift.tt/3fbDQqH

Boohoo Adds to Board of Directors

from The Business of Fashion https://ift.tt/36K6jQx

StockX Amps Up Asia Expansion With Hong Kong Authentication Site

from The Business of Fashion https://ift.tt/2UA1K5Q

Launchmetrics Acquires Chinese Influencer Marketing Agency Parklu

from The Business of Fashion https://ift.tt/3kzDBGZ

International Woolmark Prize Announces 2021 Finalists

The winner will receive AU$200,000 and an opportunity to be sold at retailers around the globe. from The Business of Fashion https://ift.tt/3pAXPnB

Does Vaccine Promise Put US Consumers in a Shopping Mood?

Apparel retail earnings are currently forecast to fall 40.1 percent for the third quarter from a year ago. from The Business of Fashion https://ift.tt/2IMMQXs

JD.com Announces 29% Boost in Third-Quarter Revenue

from The Business of Fashion https://ift.tt/3kDf5VI

JD.com Announces 29% Boost in Third-Quarter Revenue

from The Business of Fashion https://ift.tt/3kDf5VI

How to Build a Sustainable Fashion Brand — Buying Better

In the latest instalment of BoF’s five-part online learning series London Editor Sarah Kent is joined by Better Buying’s Marsha Dickson and Remake’s Ayesha Barenblat to discuss how improving brands' purchasing practices can drive positive change. from The Business of Fashion https://ift.tt/3pzHHCS

Chasing The Holy Grail of Circular Fashion

Scaling technology that can recycle old clothes back into new ones has eluded the industry for a decade. A series of new projects this year suggest fashion may be nearing a tipping point. from The Business of Fashion https://ift.tt/3f3VVaa

GQ’s Nikki Ogunnaike Named Harper’s Bazaar Digital Director

from The Business of Fashion https://ift.tt/2UwS7op

Arcadia Denies Report That It’s On Brink of Bankruptcy

from The Business of Fashion https://ift.tt/3nt3slR

JD.com Announces 29% Boost in Third-Quarter Revenue

from The Business of Fashion https://ift.tt/3f6mRpC

The Best Jobs on BoF Careers

BoF compiles the most exciting career opportunities now available on BoF Careers — including jobs from Erdem, Altuzarra and Who What Wear. from The Business of Fashion https://ift.tt/38LrlAW

Careers Counsel | Requesting Feedback on a Job Rejection

Careers Counsel is a weekly round-up of the most helpful and inspiring advice for boosting your career. from The Business of Fashion https://ift.tt/38OS93w

Report: Manish Arora In Liquidation

from The Business of Fashion https://ift.tt/2IJzACW

BFC Appoints Priyanka Chopra Jonas Ambassador for Positive Change

from The Business of Fashion https://ift.tt/3pwIdBB

Adidas Top-Performing Fashion Company in Corporate Human Rights Benchmark

from The Business of Fashion https://ift.tt/3pyI3ty

China’s Retail Sales Grow, Japan’s GDP Bounces Back

from The Business of Fashion https://ift.tt/3nnni1K

#BoFLIVE: A Roadmap To Fashion’s Carbon-Free Future

Katja Busch, chief commercial officer of DHL and chief sustainability officer of the Global Fashion Agenda Morten Lehmann share their insight on how the fashion industry can work towards a carbon-free future. from The Business of Fashion https://ift.tt/3f6e0Ev

Elizaveta Porodina’s Journey From Clinical Psychology to Fashion Photography

Porodina, whose painterly images have caught the attention of Louis Vuitton and Carolina Herrera, on her unorthodox route into the industry. from The Business of Fashion https://ift.tt/3pqEJk5

Richemont Needs a Transformational Move

For years, the Swiss luxury group has lagged rivals in fashion and tech, and now finds its dominance in hard luxury under threat. What is chairman Johann Rupert’s end game? from The Business of Fashion https://ift.tt/36Fhom8

Can Gucci Reinvent the Fashion Show?

This week, everyone will be talking about GucciFest, the pandemic’s second wave and retail earnings. Get your BoF Professional Cheat Sheet. from The Business of Fashion https://ift.tt/2ItWBtL

Remake Calls Out H&M and Uniqlo in Launch of Sustainability Ranking

from The Business of Fashion https://ift.tt/32HkOn2

Fashion Is Set for an M&A Frenzy in 2021

With a coronavirus vaccine on the horizon, rare pandemic-era deals like VF Corp’s acquisition of Supreme and the Alibaba-Richemont-Farfetch alliance could give way to a surge in M&A activity in 2021 as a rebound takes hold. from The Business of Fashion https://ift.tt/3njM9ng

Kopenhagen Fur Plans to Shut Down By 2023

from The Business of Fashion https://ift.tt/35qvicc

What a Quick Vaccine Would Mean for Beauty

Pfizer’s announcement that its vaccine could be available sooner than many had anticipated could give troubled makeup brands and beauty retailers a much-needed boost. from The Business of Fashion https://ift.tt/3eUEHMg

Amazon Sues Influencers Over Alleged Counterfeit Ring

from The Business of Fashion https://ift.tt/32Jips5

Why Is Everyone Betting on Farfetch?

The marketplace-turned-platform has emerged, finally, as the clear leader in the race to win luxury’s online shopper, with a path to profitability. What changed? from The Business of Fashion https://ift.tt/2IxCWsw

Brexit Threat Triggers Last-Minute Dash for Warehouse Space

Without a trade deal, British companies face the prospect of tariffs on shipments and additional paperwork that could create delays at border entry ports. from The Business of Fashion https://ift.tt/2Iv9fby

Alibaba Reports $56 Billion Sales as Singles' Day Gets Into Full Swing

The four-day sale has so far brought sellers 16 times as many orders by value than Amazon's global Prime Day last month. from The Business of Fashion https://ift.tt/3plFs5P

Alibaba Leads Chinese Internet Selloff Approaching $260 Billion

The move comes after Beijing issued regulations designed to curb the growing influence of internet-sector leaders. from The Business of Fashion https://ift.tt/3plx3iO

How to Survive Chaos: Lessons from Venezuela

Venezuela’s fashion industry has withered after 10 years of turmoil, but some businesses are thriving despite the national crisis. What advice can these veterans of instability offer the rest of us facing an unpredictable future in the year of the pandemic? from The Business of Fashion https://ift.tt/3nhsg0e

Can Shayne Oliver’s HBA Pull Off a Second Coming?

Hood By Air is back with business partner Edison Chen and a strategy that’s more focused on streetwear and direct-to-consumer distribution.   from The Business of Fashion https://ift.tt/2Uhm4sw

Can Fashion Finally Crack the ‘Last Mile’?

Getting products to customers’ front doors has always been the most complex and expensive part of e-commerce logistics. Covid-19 and the ensuing boom in online sales have only upped the stakes. from The Business of Fashion https://ift.tt/3eS23Cb

Paris Department Store Printemps Shuts Shops and Cuts Jobs

The company plans to close seven stores in France and cut 428 jobs as it reels from the effects of the pandemic. from The Business of Fashion https://ift.tt/3pkIN5e

EU Charges Amazon With Distorting Online Retail Competition

The European Commission has been investigating the e-commerce giant since July last year following complaints from traders about the company's practices. from The Business of Fashion https://ift.tt/3pwOdKG

Westfield Owner Unibail Rethinks Funding

The move comes after shareholders rejected a €3.5 billion ($4.15 billion) rights issue under pressure from activist investors. from The Business of Fashion https://ift.tt/38CyELw

Adidas Warns That Worsening Pandemic Will Weigh on Earnings

The German sportswear company's revenue is no longer on track for growth in the fourth quarter, predicting a single-digit percentage decline. from The Business of Fashion https://ift.tt/2UmQFoF

J.C. Penney Rescue Deal Approved in Bankruptcy Court

The move will avert a liquidation that would have put the department store chain out of business and jeopardised tens of thousands of jobs. from The Business of Fashion https://ift.tt/35mOw2l

Why Fashion’s Most Vulnerable Companies Have the Most to Gain From a Vaccine

Strong results from Pfizer’s Covid-19 vaccine test sent stocks soaring, particularly for the retailers hardest hit by the pandemic. But the gains may be short-lived, analysts warn. from The Business of Fashion https://ift.tt/2ItEjJ0

How to Create More Inclusive Recruitment Processes — Download the White Paper

BoF talks to 8 global experts to learn how fashion companies can help create a more diverse and inclusive workforce by overhauling their hiring practices. from The Business of Fashion https://ift.tt/38CyAeK

Mall Landlord Simon Property's Revenue Falls 25%

The company's shares, which closed up nearly 30 percent after drugmaker Pfizer Inc revealed progress in its experimental COVID-19 vaccine, were down about 6 percent after the closing bell. from The Business of Fashion https://ift.tt/35lOZSE

#BoFLIVE: Engaging the Gen-Z Shopper

BoF's Lauren Sherman in conversation with Irregular Labs Founder Molly Logan and Tiffany Zhong, chief executive of Zebra IQ, on what fashion needs to know about Gen-Z. from The Business of Fashion https://ift.tt/3lsMio2

VOICES 2020

BoF'S ANNUAL GATHERING FOR BIG THINKERS DECEMBER 1ST - 3RD, 2020 from The Business of Fashion https://ift.tt/2IsaKY3

UK Shopper Numbers Plummet as Second Lockdown Starts

From Thursday onwards footfall crashed, falling by an average of 46.7 percent from the week before. from The Business of Fashion https://ift.tt/3kxdDUR

Why Supreme Sold to VF Corporation

In a deal that values the New York streetwear brand at $2.1 billion, Supreme picks up a long-term partner with back-end prowess and ambitions to scale it past $1 billion in annual sales. from The Business of Fashion https://ift.tt/38Cyofw

Announcing Jigsaw, Muzungu Sisters and Allies Group

Check out this week’s new partners and openings on BoF Careers, the global marketplace for fashion talent. from The Business of Fashion https://ift.tt/35ooM5N

The Best Jobs on BoF Careers

BoF compiles the most exciting career opportunities now available on BoF Careers — including jobs from Manolo Blahnik, GCDS and Tapestry. from The Business of Fashion https://ift.tt/2IsaDvB

Op-Ed | The Business of Blackfishing

For some white influencers and entertainers, appearing as Black or racially ambiguous has become a brand-building exercise. At what cost? from The Business of Fashion https://ift.tt/2IumERa

Olding Is the New Blanding: Luxury Brands Look Back to Get Ahead

After an era of streamlined logos and nearly constant drops of Instagrammable merchandise, European fashion houses are reasserting brand signatures from their pasts to signal lasting value in an uncertain market. from The Business of Fashion https://ift.tt/3ndeE67

7 Ways to Make E-Commerce More Profitable

As online sales reached new heights in the pandemic, brands are grappling with new burdens on their bottom lines. From savvy inventory distribution to bundling products, here’s how they can keep costs down. from The Business of Fashion https://ift.tt/3kv2xQc

Report: Mytheresa Prepares for US IPO

The German e-commerce company plans to seek a valuation of about $1 billion to $1.5 billion, which could change based on holiday period performance, according to people familiar with the matter. from The Business of Fashion https://ift.tt/3klOBb8

Revlon Nears Creditor Support for Deal to Avoid Bankruptcy

The cosmetics company said that bondholders have agreed to offer 69 percent of a $343 million bond issue that must be paid by next week. from The Business of Fashion https://ift.tt/3nepmZZ

Brexit Threat Triggers Last-Minute Dash for Warehouse Space

Alibaba Reports $56 Billion Sales as Singles' Day Gets Into Full Swing

The four-day sale has so far brought sellers 16 times as many orders by value than Amazon's global Prime Day last month. from The Business of Fashion https://ift.tt/3ke45Og

Alibaba Leads Chinese Internet Selloff Approaching $260 Billion

The move comes after Beijing issued regulations designed to curb the growing influence of internet-sector leaders. from The Business of Fashion https://ift.tt/3eUp5bJ

How to Survive Chaos: Lessons from Venezuela

Can Shayne Oliver’s HBA Pull Off a Second Coming?

Hood By Air is back with business partner Edison Chen and a strategy that’s more focused on streetwear and direct-to-consumer distribution.   from The Business of Fashion https://ift.tt/2UgXVSQ

Can Fashion Finally Crack the ‘Last Mile’?

Paris Department Store Printemps Shuts Shops and Cuts Jobs

The company plans to close seven stores in France and cut 428 jobs as it reels from the effects of the pandemic. from The Business of Fashion https://ift.tt/2UeuAsb

EU Charges Amazon With Distorting Online Retail Competition

Westfield Owner Unibail Rethinks Funding

The move comes after shareholders rejected a €3.5 billion ($4.15 billion) rights issue under pressure from activist investors. from The Business of Fashion https://ift.tt/2IhzaTT

Adidas Warns That Worsening Pandemic Will Weigh on Earnings

The German sportswear company's revenue is no longer on track for growth in the fourth quarter, predicting a single-digit percentage decline. from The Business of Fashion https://ift.tt/38qBGlO

J.C. Penney Rescue Deal Approved in Bankruptcy Court

The move will avert a liquidation that would have put the department store chain out of business and jeopardised tens of thousands of jobs. from The Business of Fashion https://ift.tt/2UdxDAU

In a deal that values the New York streetwear brand at $2.1 billion, Supreme picks up a long-term partner that will help it scale into a $1 billion brand. from The Business of Fashion https://ift.tt/2IhTeFF

#BoFLIVE: Engaging the Gen-Z Shopper

VOICES 2020

BoF'S ANNUAL GATHERING FOR BIG THINKERS DECEMBER 1ST - 3RD, 2020 from The Business of Fashion https://ift.tt/32olduw

UK Shopper Numbers Plummet as Second Lockdown Starts

From Thursday onwards footfall crashed, falling by an average of 46.7 percent from the week before. from The Business of Fashion https://ift.tt/3nbSEbP

VF Corp to Acquire Supreme

The deal between the streetwear brand and the Vans and Timberland owner is expected to close by the end of the fiscal year. from The Business of Fashion https://ift.tt/2U5sCKO

Announcing Jigsaw, Muzungu Sisters and Allies Group

Check out this week’s new partners and openings on BoF Careers, the global marketplace for fashion talent. from The Business of Fashion https://ift.tt/2InKFsP

The Best Jobs on BoF Careers

BoF compiles the most exciting career opportunities now available on BoF Careers — including jobs from Manolo Blahnik, GCDS and Tapestry. from The Business of Fashion https://ift.tt/3eN07Ll

Careers Counsel | How to Navigate Election Tensions at Work

Careers Counsel is a weekly round-up of the most helpful and inspiring advice for boosting your career. from The Business of Fashion https://ift.tt/2U6ZSB8

Eurazeo Brands Takes Majority Stake in Axel Arigato

The private equity firm will pour €56 million into the Swedish footwear-turned-lifestyle label after its online sales soared during the pandemic. from The Business of Fashion https://ift.tt/38pjJUP

How Aesop Plans To Keep It Culty

The luxury skin care company, now a certified B-Corp, has been forced to swiftly rethink how it reaches its customers during the pandemic. Chief Executive Michael O’Keeffe lays out its strategy. from The Business of Fashion https://ift.tt/3pdrSRW

Should Luxury Brands Raise Prices?

Growing income and wealth inequality have allowed European luxury brands to raise prices at about double the rate of other consumer goods categories. But some brands are better positioned to hike prices than others, writes Luca Solca. from The Business of Fashion https://ift.tt/2U7s3jB

How the Farfetch-Alibaba-Richemont Alliance Could Change the Game in the World’s Largest Luxury Market

With international travel on pause, China’s domestic e-commerce market is one of luxury’s largest growth opportunities. Now, a new alliance is redrawing the battlefield. from The Business of Fashion https://ift.tt/38qWR7o

Pandora's Turnaround Leaves Short Sellers Burned

The jewellery brand, once notorious for regularly falling short of profit guidances, is now one of the Nordic region’s biggest corporate success stories. from The Business of Fashion https://ift.tt/3695EYA

Biden Just Won a Narrow Victory. Is Washington Gridlock Good for Fashion?

- November 07, 2020

This week, everyone will be talking about the results of the US election, the booming resale market, Singles Day and Farfetch's results. Get your BoF Professional Cheat Sheet. from The Business of Fashion https://ift.tt/2JGrknn

Brookfield Reports Traffic and Sales Approaching Pre-Pandemic Levels

Customer traffic was as much as 70 percent of normal levels at Brookfield’s malls, with almost all tenants open, Chief Executive Officer Brian Kingston said on a conference call with analysts. from The Business of Fashion https://ift.tt/38kOmKL

Should Brands Play Politics?

This week, the question was more pressing than ever as a US presidential election, which has dominated the divided country’s cultural conversation this year, approached an end. from The Business of Fashion https://ift.tt/2IcIbxJ

Coty Posts Surprise Profit as Beauty Product Sales Recover

Cosmetics makers' sales have improved in the past few months as a surge in online orders and higher demand for skin-care products offset the blow from weak traffic at brick-and-mortar stores. from The Business of Fashion https://ift.tt/351QS6E

How to Market an Affordable Skin Care Brand

Affordable skin care has seen explosive growth during the pandemic. Here’s how some inexpensive brands stand out in a crowded market. from The Business of Fashion https://ift.tt/38uWVTJ

Richemont's Farfetch Deal to Further Boost Strong China Sales

The Cartier owner posted an 82 percent drop in net profit for its first half to September 30 despite a 78 percent jump in Chinese sales. from The Business of Fashion https://ift.tt/3jZ5HLv

The Retailer That's Still Charging Ahead Without E-Commerce

Against the odds, Primark’s sales bounced back faster than expected over the summer, despite the company’s lack of online sales channels. But a second wave of lockdowns is putting fresh pressure on the retailer. from The Business of Fashion https://ift.tt/2I6nZgT

What the Farfetch-Alibaba-Richemont Tie Up Means for the Future of Online Luxury

Farfetch has raised $1.15 billion from three of the industry’s biggest players, including the owner of its greatest rival. Does the partnership foreshadow further consolidation — and where does Yoox Net-a-Porter fit into all of this? from The Business of Fashion https://ift.tt/2TXPo79

Tim Blanks’ Top Fashion Shows of All-Time: Undercover Autumn/ Winter 2020

BoF’s Editor-at-Large goes back to Jun Takahashi’s dark, idiosyncratic obsessions with his 'Fallen Man' show. from The Business of Fashion https://ift.tt/3exJ4N3

L'Oréal Turns to Google as Coronavirus Spurs Virtual Makeup Shift

The partnership relies on technology designed by ModiFace, a Canadian augmented reality specialist acquired by L'Oréal in 2018, and will also extend to the US group's YouTube video sharing platform from The Business of Fashion https://ift.tt/3oXSruq

The BoF Podcast: The Fashion Industry Unpacks the US Election

The BoF team and industry experts Sharifa Murdock and Stephen Lamar discuss what the close vote means for the future of fashion. from The Business of Fashion https://ift.tt/3l45GXZ

Power Moves | Lululemon Bolsters Executive Team, VF Names Global D&I VP

The Canadian sportswear company promotes Celeste Burgoyne to president of the Americas and global guest innovation teams, while Lauren Guthrie will helm diversity and inclusion initiatives at VF Corp. from The Business of Fashion https://ift.tt/3l2uMXr

How to Build a Sustainable Fashion Brand: Masterclass 4 of 5 — Buying Better

What does it take to build a fashion brand that is good for both people and the planet, but still makes business sense? In the next chapter of BoF's five-part masterclass, we'll look at the importance of purchasing practices and how brands can establish supportive partnerships with their suppliers. from The Business of Fashion https://ift.tt/34Y4Wye

Capri Holdings Beats Quarterly Revenue Estimates

The Michael Kors owner's total revenue fell to $1.11 billion in the second quarter from $1.44 billion a year earlier. from The Business of Fashion https://ift.tt/36dY9Qu

Denmark to Cull Mink Population After Virus Fears

The industry association for Danish mink breeders said the government's decision amounted to a death knell for the country's pelt industry. from The Business of Fashion https://ift.tt/38f1Ho8

Alibaba Beats Quarterly Sales Estimates

The group's core e-commerce business continues to grow post-pandemic. from The Business of Fashion https://ift.tt/3mUDN5h

Luxury Sector Recovers in Time for Second Lockdown

Quarterly results have highlighted a recovery in sales over the summer, but the sector is bracing itself for further lockdowns in Europe and potential post-election turmoil in the US. from The Business of Fashion https://ift.tt/2TVxiTh

The Fashion Billionaires Who Got Even Richer in the Year of the Pandemic

This year’s biggest winners may have been China’s uber-wealthy business leaders, who amassed an astonishing amount of wealth despite the global pandemic. Many of them have fashion to thank for part of their fortunes. from The Business of Fashion https://ift.tt/32g9KNC

Superdry's Revenue Falls as Virus Curbs Hit Footfall

The revenue drop came as the fashion retailer shut its shops for a second national lockdown in England. from The Business of Fashion https://ift.tt/2U1UEGN

Italy Locks Down Milan and Much of Industrial North

Unlike Italy's national lockdown in the spring, all factories will remain open. from The Business of Fashion https://ift.tt/3mWMf4e

What Comes After Sweatpants

Brands are nudging consumers away from the comfy clothing that they purchased at the onset of the pandemic. But stretchy fabrics and elastic waistbands aren't going anywhere. from The Business of Fashion https://ift.tt/32ek34K

American Fashion Executives on What Happens Now

Post-election, industry executives sound off on what they need to focus on next. from The Business of Fashion https://ift.tt/389ijO1

Join Virgil Abloh, Samira Nasr, Jonathan Anderson and Remo Ruffini at VOICES 2020

BoF’s annual gathering for big thinkers will take place from Dec 1-3, 2020 via a live global broadcast. Register today. from The Business of Fashion https://ift.tt/362BVkk

#BoFLIVE: Fashion’s New Paths to Purchase

Maria Prados, vice president of global retail and B2B at Worldpay, and London College of Fashion lecturer Shanu Walpita discuss how retailers can drive growth through innovations in fashion’s paths to purchase. from The Business of Fashion https://ift.tt/3ewnYPd

John Lewis To Cut 1,500 Head Office Jobs

The British retailer said the move was part of its strategy to return to sustainable profit by 2025. from The Business of Fashion https://ift.tt/2I32PQQ

Zalando Puts More Stores Online as Lockdowns Return

The online fashion retailer said it will waive commissions until the end of March to help new brick-and-mortar additions. from The Business of Fashion https://ift.tt/3eoMlOQ

How the ‘Nap Dress’ Went Viral

Last week, Hill House Home sold $1 million worth of its sell-out nap dresses in just half an hour. Now, the product is set to drive 50 percent of the lifestyle brand’s business by the end of the year. What's the secret to its success? from The Business of Fashion https://ift.tt/3mPY3oz

Alhambra Berlin’s Concept for Retail in a Post-Covid Era

The co-retailing space will offer off-the-shelf amplification packages to its temporary tenants, including built-in social media strategies, event activation, product staging, as well as customer engagement technology and visitor analysis. from The Business of Fashion https://ift.tt/3oU9r4B

With the US Election Still Undecided, What Happens to the Fashion Industry?

Industry analysts and advisors predict what’s in store, both in the short and long term, no matter who wins. from The Business of Fashion https://ift.tt/2TQR4iP

The BoF Podcast: Gareth Pugh on Returning to Fashion in Extraordinary Times

The British designer tells Tim Blanks about his latest creative endeavour, a documentary about creating his first collection in two years. from The Business of Fashion https://ift.tt/2I4vfKe

EssilorLuxottica Sales Recover As Second Virus Wave Looms

The maker of Oakley and Ray-Ban showed signs of recovery. But a second coronavirus wave threatens another heavy blow to results. from The Business of Fashion https://ift.tt/3mQwdZg

AB Foods Earnings Fall 40% on Primark's Profit Hit

The fast fashion retailer saw profit plunge to £362 million ($468.4 million) from £969 million. from The Business of Fashion https://ift.tt/3kSpygV

French investor Eurazeo Sells Farfetch Stake

Eurazeo, which has been an investor in the luxury retailer since 2016, raised 90 million euros through the sale. from The Business of Fashion https://ift.tt/3jUpYSo

Hugo Boss Returns To Profit Even as Sales Slow

The German suit maker reported a better-than-expected third-quarter operating profit of €15 million ($17.52 million). from The Business of Fashion https://ift.tt/3oUUsr4

Op-Ed | America’s Luxury Market Will Prosper Whoever Wins the Election

Luxury’s long-term growth potential in the US will remain strong regardless of which party wins Tuesday’s election, argues Erwan Rambourg. from The Business of Fashion https://ift.tt/3jTH3vK

The Future of Resale: 5 Key Questions

With Poshmark and ThredUp joining The RealReal in going public, the fashion resale market is set for major change. BoF examines the five key questions that will determine how the space shapes up. from The Business of Fashion https://ift.tt/2GmxvMa

#BoFLIVE: A Roadmap To Fashion’s Carbon-Free Future

What would it take for the fashion industry and its logistical activities to become carbon-free? In this talk, we share insights from Katja Busch, DHL's chief commercial officer, and Morten Lehmann, chief sustainability officer at the Global Fashion Agenda, who discuss how fashion can work towards a zero-emission target together. from The Business of Fashion https://ift.tt/2Gl6RmS

Careers Counsel | How to Overcome Imposter Syndrome

Careers Counsel is a weekly round-up of the most helpful and inspiring advice for boosting your career. from The Business of Fashion https://ift.tt/34MBYRO

The Best Jobs on BoF Careers

BoF compiles the most exciting career opportunities now available on BoF Careers — including jobs from The Business of Fashion, Fiorucci and Carolina Herrera. from The Business of Fashion https://ift.tt/2JtIoNv

Estée Lauder Tops Estimates Thanks to China Demand and Online Boost

The M.A.C brand owner has seen growth in demand for its skincare products, while sales in the Asia-Pacific market increased 9 percent to $1.15 billion. from The Business of Fashion https://ift.tt/3kRKfcz

Hong Kong’s Retail Woes Persisted in September

With inbound tourism unlikely to see a swift rebound, the city's retail sector continues to suffer in the wake of Covid-19 and socio-political unrest. from The Business of Fashion https://ift.tt/3mGmeG7

Zozo Says New Body-Measuring Suit Overcomes Flaws of Original

The original bodysuit received massive interest from the fashion industry but failed to drive sales. from The Business of Fashion https://ift.tt/3mWwY3p

Primark-Owner Expects £375 Million of Sales Lost From Lockdowns

Associated British Foods said 57 percent of Primark's total selling space will be temporarily closed from 5 November. from The Business of Fashion https://ift.tt/3jMcc4h

CBL Files for Chapter 11 Bankruptcy Protection

The process will give the mall operator a chance to continue functioning while reorganising its finances and business. from The Business of Fashion https://ift.tt/3eoQQZJ

UK Retailers Face Christmas Nightmare With Fresh Lockdown

The new restrictions could prove fatal for some businesses, particularly if they’re extended beyond the initial four weeks. from The Business of Fashion https://ift.tt/3mJcnz9

#BoFLIVE: Phillip Lim and Prabal Gurung on Where the Industry Goes Next

Independent businesses need to reconsider their five- and ten-year plans, the designers told BoF Founder and Editor-in-Chief Imran Amed. from The Business of Fashion https://ift.tt/3kOmuCd

How to Work With TikTok Talent

Fashion has struggled with how to leverage influencers on TikTok. But the sooner brands let go of the playbook that works on other platforms, the better off they’ll be. from The Business of Fashion https://ift.tt/3kPUTR9

Self Service's Video Issue: A Way Forward For Fashion Media?

The shift from print advertising is squeezing traditional fashion magazines. But brands’ hunger for video content can spell opportunity for creative titles. Editor and creative director Ezra Petronio tells BoF how Self Service is adapting. from The Business of Fashion https://ift.tt/381AXHn

How Is Fashion Voting in the US Election?