Fashion World News

Careers Counsel is a weekly round-up of the most helpful and inspiring advice for boosting your career. from Business of Fashion https://ift.tt/3zav06J

The former pop singer's beauty line helped stem a downturn in fashion sales. from Business of Fashion https://ift.tt/32QnAcs

Thailand’s Central Group has partnered with Austria’s Signa Holding to acquire Selfridges in one of the UK’s biggest retail deals in years. from Business of Fashion https://ift.tt/3H90rkt

The billionaire dynasty behind Selfridges & Co. has sold the British department store operator to a consortium led by Thai conglomerate Central Group from Business of Fashion https://ift.tt/3plSzWW

The predecessor to Anna Wintour, she oversaw the magazine throughout the 1970s and 1980s. from Business of Fashion https://ift.tt/32mQots

The deal, which is expected to close in the first quarter of 2022, would immediately add to Crocs’ revenue growth, margins and earnings, it said. from Business of Fashion https://ift.tt/3sr7jFS

The late designer identified with the Black condition and set about designing not just products but a better future, writes Jason Campbell. from Business of Fashion https://ift.tt/3H6kXSL

Makeup made a much-anticipated comeback as a slew of new celebrities launched brands and big box retailers continued to build up their beauty departments. from Business of Fashion https://ift.tt/3EgRtjj

Depending on Chantecaille’s future performance, the enterprise value of the deal could range from $590 million to $690 million, Beiersdorf said. from Business of Fashion https://ift.tt/3mmo3Kw

The 600-square-metre location in Hong Kong Plaza mall on the downtown shopping street of Huaihai Lu is the second of the brand’s ‘Wonderlab’ stores, the first opened in Zurich last month. from Business of Fashion https://ift.tt/32pKxDt

Labels from Gucci to Altuzarra to Calvin Klein are eager to sell to nonbinary consumers. But while brands often get the language around gender right, they need to give the same care to the clothes themselves, particularly how they fit. from Business of Fashion https://ift.tt/3Je0uxw

The designer is developing a business model that does not rely on industry connections. Now, as her first collection hits Ssense, her strategy to prioritize collaborations and Midwest craftsmanship will be put to the test. from Business of Fashion https://ift.tt/3FjnVD5

The hip hop mogul agreed to pay $7.5 million to buy back the bankrupt fashion brand he founded in 1998 after winning a court supervised auction. from Business of Fashion https://ift.tt/3yPzdML

The luxury fashion brand has raised prices, and set purchasing limits in an effort to become a more exclusive and desirable brand. from Business of Fashion https://ift.tt/3pdVBMO

BoF’s annual round-up of the forces that reshaped the world’s biggest fashion market over the last 12 months. from Business of Fashion https://ift.tt/3GZ3Z8Y

Rothy’s, which will have a valuation of $1 billion with the transaction, will continue to operate independently, the companies said. from Business of Fashion https://ift.tt/3EtokSl

Charlotte Tasset Ferrec joins Maje as CEO after three years within the Puig Group as CEO of Nina Ricci Fashion and Perfume. from Business of Fashion https://ift.tt/3H2T7qu

The company was established in July and focuses on cross-boarder streetwear brands and celebrity-related merchandise. from Business of Fashion https://ift.tt/3Ei7ntE

‘Look, don’t touch’ is the ethos that pervades fashion’s exhibitionist post-pandemic look, argues Eugene Rabkin. from Business of Fashion https://ift.tt/3J7oDpq

The deal values Supergoop at about $600 million to $700 million, people with knowledge of the matter said, asking not to be identified discussing private information. from Business of Fashion https://ift.tt/3qfIIRt

The luxury e-commerce platform that simultaneously targets African consumers, while also exposing African brands to the rest of the world, officially launched Monday. from Business of Fashion https://ift.tt/3EfCkyX

The joint venture will control and develop Khanna’s AK-OK label, with RBL taking a majority 60 percent stake in the new company and Khanna remaining as creative director of the label. from Business of Fashion https://ift.tt/3J2xzfv

The tax bureau for the city of Hangzhou released a statement saying the 36-year-old influencer failed to fully disclose her personal income in 2019 and 2020. from Business of Fashion https://ift.tt/3ephCSN

The latest fashion week event to enter the fray in a crowded Middle Eastern calendar wrapped up its three-day calendar of shows on Saturday evening. from Business of Fashion https://ift.tt/3Ee85Z8

Designer Han Chong is looking to build his own fashion group. from Business of Fashion https://ift.tt/33NYMCN

BoF compiles the most exciting career opportunities now available on BoF Careers — including jobs from Iris Van Herpen, KCD and Wales Bonner. from Business of Fashion https://ift.tt/3e5OgIM

Fledgling labels Susan Alexandra and Mirror Palais found traction with a model that melds Insta-friendly designs and direct-to-consumer sales with made-to-order local manufacturing. from Business of Fashion https://ift.tt/3H3GGuR

Brands will have to navigate how to reach a new kind of audience in order to make their digital assets stand out. from Business of Fashion https://ift.tt/324jz4x

This week, everyone will be talking about Nike’s plans to sell both virtual and physical sneakers, plus the tail end of the all-important holiday shopping season. from Business of Fashion https://ift.tt/32aCSJ9

A Paris judge approved a 10 million euro ($11.27 million) settlement with LVMH on Friday that closes a criminal probe into the luxury group’s role in a spying case involving the former top boss of France’s security services. from Business of Fashion https://ift.tt/3sgFVdM

Mobile commerce platform Rezolve said on Friday it will list in New York through a merger with a blank-check firm backed by billionaire Betsy Cohen, in a deal valuing the combined company at about $2 billion. from Business of Fashion https://ift.tt/3sg534k

UK retail sales surged more than expected last month as Black Friday discounts drew consumers back into shops. from Business of Fashion https://ift.tt/3mguUFh

Balenciaga CEO Cedric Charbit discussed the brand’s attention-grabbing moments of 2021 and its future in the metaverse. from Business of Fashion https://ift.tt/3yz3ejO

The group behind brands like Sulwhasoo, Etude House and Innisfree, is considering giving sales in the key market a much-needed boost by cutting back on physical stores and accelerating expansion of its premium offering and digital channels. from Business of Fashion https://ift.tt/3sff01W

International beauty and skincare players, including Neutrogena, Nivea and Dove are said to be among those caught up in the crackdown. from Business of Fashion https://ift.tt/3yAaKeq

The e-commerce giant has unveiled ambitious objectives for its Southeast Asian arm Lazada, accelerating an overseas expansion to offset Chinese economic and regulatory headwinds. from Business of Fashion https://ift.tt/33CnR3o

The British designer, who has worked in the studios of Louis Vuitton, Givenchy and Fenty, has officially joined the fashion and lifestyle brand after guest-designing several ready-to-wear collections in recent years. from Business of Fashion https://ift.tt/3E8J0OZ

Like Yves Saint Laurent, Alexander McQueen and Gianni Versace before him, the late Virgil Abloh leaves a powerful legacy. What does this mean for Off-White and Louis Vuitton? from Business of Fashion https://ift.tt/3DYcgIt

The recent popularity of colourful shoes from independent labels like Mach & Mach and Amina Muaddi, as well as Paris Texas, Arielle Baron, The Attico, Ancuta Sarca and Pīferi speaks to the post-pandemic hunger for novelty footwear. from Business of Fashion https://ift.tt/3dZRRIn

One of Latin America’s leading multi-brand retail platforms, Grupo Axo, has inked a deal for an undisclosed amount with Gap to operate Old Navy in Mexico as a franchisee and distributor. from Business of Fashion https://ift.tt/3ywCAIx

Chanel has appointed Unilever human resources chief Leena Nair to the top spot, and executive vice president Michele Norsa will exit Ferragamo. from Business of Fashion https://ift.tt/3E2rWKw

Neiman Marcus nearly quadrupled its earnings in its fiscal first quarter as fewer discounts helped the retailer fatten its margins, according to people with knowledge of the closely held company’s earnings. from Business of Fashion https://ift.tt/33yrg3b

US retail sales rose by less than forecast in November, suggesting that consumers are tempering purchases against a backdrop of the fastest inflation in decades. from Business of Fashion https://ift.tt/3ysaQVe

Throughout 2021, Shopify and BoF connected leading retail executives to share their challenges and discuss finding opportunity in disruption in a series of roundtables. Now, BoF shares the most actionable insights that emerged with its community. from Business of Fashion https://ift.tt/3pU0ucZ

The designer known for her embrace of eco-futurism joins BoF’s editor-at-large to talk about the evolution of her namesake brand and building a sustainable fashion label. from Business of Fashion https://ift.tt/3pFYq8j

August Meyer was arrested in St. Petersburg Thursday, accused of perpetrating a large-scale fraud. from Business of Fashion https://ift.tt/30bNqH0

The Cathay Consumer Co-creation Fund plans to invest and incubate early-stage Chinese companies with high-growth potential in the consumer goods and retail sectors. from Business of Fashion https://ift.tt/3oJ7Y3j

The world’s second-biggest fashion retailer, reported on Wednesday an increase in September through November sales that was in line with expectations. from Business of Fashion https://ift.tt/3dUMOZy

The world’s biggest fashion retailer said that its sales in recent weeks were up by a third on the same period last year and ahead of levels seen in 2019 before the pandemic. from Business of Fashion https://ift.tt/31ZCYTR

Vacation and Poolsuite hosted two of the hottest events at Art Basel Miami 2021, in large part thanks to its community-focused marketing efforts. from Business of Fashion https://ift.tt/3GKlaef

Retail sales rose only 3.9 percent in November from a year earlier, below the 4.6 percent growth expected and lower than October’s 4.9 percent rise. from Business of Fashion https://ift.tt/3EZxLcX

Fashion and art were already filled with young creators borrowing brand icons. The practice is taking on new digital dimensions as NFTs take off. from Business of Fashion https://ift.tt/3GJFE74

A new dynamic is taking shape between not only Western and Chinese agencies, but also niche and multi-purpose players, creating bold and innovative ways for global brands to connect with the local market. from Business of Fashion https://ift.tt/3DNXK5S

It is time for the British megabrand to again choose which way it’s really going: up or down? from Business of Fashion https://ift.tt/3s0h3qh

The company, which specialises in virtual sneakers and other accessories, was bought by the sports giant. The terms of the deal were not disclosed. from Business of Fashion https://ift.tt/3yreQp1

Rebranded Zegna will open the event. Visiting designers will include 1017 Alyx 9S0 and JW Anderson. from Business of Fashion https://ift.tt/3pWibbJ

Rebranded Zegna will open the event. Visiting designers will include 1017 Alyx 9S0 and JW Anderson. from Business of Fashion https://ift.tt/31UE0jZ

The luxury French fashion house named 10 award-winners working in film, design and the performing arts. from Business of Fashion https://ift.tt/3GCZDnJ

An experienced team of managers should smooth leadership change at Inditex next year, when the family of billionaire founder Amancio Ortega will tighten its grip on the world’s biggest fashion retailer, sources and analysts said. from Business of Fashion https://ift.tt/3lVAf4P

The holding company with assets of about $33 billion appointed Sheikha Dana Nasser Sabah Al Ahmad as its new chief executive. from Business of Fashion https://ift.tt/3INeE8g

The luxury French fashion house named 10 award-winners working in film, design and the performing arts. from Business of Fashion https://ift.tt/3GCZDnJ

It is time for the British megabrand to again choose which way it’s really going: up or down? from Business of Fashion https://ift.tt/3s0h3qh

BoF compiles the most exciting career opportunities now available on BoF Careers — including jobs from Farfetch, Bottega Veneta and Olivia Von Halle. from Business of Fashion https://ift.tt/33iAHDz

Snap Inc.’s new global head of fashion and beauty partnerships is tasked with helping brands such as Prada, Dior and American Eagle harness augmented reality so that the social platform is more shoppable. from Business of Fashion https://ift.tt/31CiMaa

This week, everyone will be talking about how the Omicron variant will affect fashion’s busy events calendar, and Zara owner Inditex’s latest results. from Business of Fashion https://ift.tt/3oKFExp

This week, Chanel’s advent calendar controversy was a wake-up call for luxury brands without a compelling TikTok strategy: engage or cede the power to positively shape the digital conversation about your brand. from Business of Fashion https://ift.tt/3lTpPmc

France’s LVMH has reached an agreement with Italian group Marcolin to buy a 49 percent stake in Thelios, increasing its holding in the upscale Italian eyewear manufacturer for labels including Dior, Fendi and Celine. from Business of Fashion https://ift.tt/3lUzQQ2

Careers Counsel is a weekly round-up of the most helpful and inspiring advice for boosting your career. from Business of Fashion https://ift.tt/3oIW1KY

August Meyer was arrested in St. Petersburg Thursday, accused of perpetrating a large-scale fraud. from Business of Fashion https://ift.tt/30bNqH0

The mainland’s largest commercial property company has sold off billions of yuan worth of assets to shrink its debts in recent years, but Dalian Wanda is once again eyeing growth by way of new retail complexes and movie theatres. from Business of Fashion https://ift.tt/33bwwcF

The Cathay Consumer Co-creation Fund plans to invest and incubate early-stage Chinese companies with high-growth potential in the consumer goods and retail sectors. from Business of Fashion https://ift.tt/3oJ7Y3j

An ownership battle at SMCP heated up as major shareholders claimed a 16 percent stake in the French fashion group had been illegally transferred to an offshore account. from Business of Fashion https://ift.tt/3pIeNkU

Rent the Runway Inc. slipped in late trading after reporting a revenue projection that fell short of estimates in its first quarterly earnings since going public, showing that investors remain skeptical. from Business of Fashion https://ift.tt/3IxVa7C

British sportswear and fashion group Frasers reported a 61.7 percent rise in first-half core earnings, driven by a strong performance from its shops as they reopened after Covid lockdowns. from Business of Fashion https://ift.tt/3rPtgOH

The 9th annual edition of the International Apparel Exhibition Iran Mode was held this week at the Tehran Permanent Fairground in the Iranian capital. from Business of Fashion https://ift.tt/3EH53gT

Boot brand Dr. Martens posted a higher first-half profit, but warned that shipping delays in its US business due to wider supply chain troubles will continue into the next fiscal year. from Business of Fashion https://ift.tt/3yaWHvF

The designer known for her embrace of eco-futurism joins BoF’s editor-at-large to talk about the evolution of her namesake brand and building a sustainable fashion label. from Business of Fashion https://ift.tt/3pFYq8j

The Chinese fast fashion giant just hired a head of sustainability, and is taking other steps to remove some of the mystery in how it operates. But some of the company’s critics say the fast fashion business model can’t be reformed. from Business of Fashion https://ift.tt/3GneX7Q

The French label’s $825 calendar may have been a Christmas flop, but brands still see an opportunity to leverage the tradition to generate marketing buzz in the lead up to the lucrative holiday shopping period. from Business of Fashion https://ift.tt/3lO3hU2

Brandlive has worked with numerous partners in the industry including Nike, Adidas and Levi’s to produce and stream live events to over 30 million viewers since January 2020. CEO Sam Kolbert-Hyle shares insights on what creates a successful digital event in fashion. from Business of Fashion https://ift.tt/3oCWHBj

The deal will bolster Farfetch’s suite of white label services for industry clients as the e-commerce giant aims to ‘really own the category and the opportunity.’ from Business of Fashion https://ift.tt/3pDGdZc

The LVMH-backed firm is pitching a buyout fund — which would fund transactions in which the firm takes a controlling stake of a business — to investors, hoping to raise $6.5 billion. from Business of Fashion https://ift.tt/3rLRrNO

First multivitamins got the beauty treatment, now it’s probiotics and other supplements for digestive health. But marketing something that deals with a not-so-sexy element of our bodies as a beauty product takes a bit of extra effort. from Business of Fashion https://ift.tt/3pVJxz5

The country’s currency, the lira, has lost almost half its value against the dollar so far this year, and inflation is rising precipitously. from Business of Fashion https://ift.tt/31HcMgg

The Delhi-based company, whose backers include PremjiInvest, the family office of Wipro Ltd. founder Azim Premji, aims to submit its so-called draft red herring prospectus as soon as early next year. from Business of Fashion https://ift.tt/3GsTTwX

Over the past two years, Chanel has acquired seven new manufacturers. At the house’s ‘Métiers d’Art’ showcase in Paris, president of fashion Bruno Pavlovsky broke down his strategy for future-proofing the French megabrand’s supply chain. from Business of Fashion https://ift.tt/3dxufdL

The Nescafe maker said on Tuesday it would cut its stake in L’Oréal to about 20 percent by selling shares worth €8.9 billion ($10 billion) back to the French cosmetics brand. from Business of Fashion https://ift.tt/3oy7kWd

Humanrace will begin selling its rice powder cleanser, lotus enzyme exfoliator, humidifying cream, body bars and ceramic dishes, as well as product refills, at the Paris outpost of Dover Street Parfums Market (DSPM) on Dec. 8. from Business of Fashion https://ift.tt/3DwNsHi

As repatriation of luxury spend continues in 2022, domestic sales in China are expected to surpass 2019 levels by 90 to 110 percent, but that doesn’t mean brands can rest on their laurels amid government crackdowns and economic headwinds. from Business of Fashion https://ift.tt/33abR91

Patek Philippe announced a new limited-edition 5711 with a blue dial. from Business of Fashion https://ift.tt/3pBP3q6

Apple’s new privacy settings weren’t the first move to limit data companies have access to and won’t be the last, meaning brands can’t rely on their old playbooks to target new shoppers. from Business of Fashion https://ift.tt/31IiiQ4

The Hong Kong-based supply chain management company’s chief executive says fashion brands should diversify sourcing, adopt top technologies and invest in critical contingency planning. from Business of Fashion https://ift.tt/3rCnEXU

São Paulo-based retail behemoth JHSF Participações has had to strengthen its relationships with local luxury clients during the pandemic. With tenants ranging from Louis Vuitton and Christian Dior, the group’s chairman has a plan to persuade well-travelled Brazilians to keep shopping domestically. from Business of Fashion https://ift.tt/3dpFIw7

The chief executive of the company that owns Calvin Klein and Tommy Hilfiger says creativity will be even more of a differentiator in 2022 as fashion players better align merchandise planning with demand and continue their quest for greater market share. from Business of Fashion https://ift.tt/32UqdtV

Gucci’s chief marketing officer believes the immersive digital world signals a paradigm shift for luxury brands and expects it to drive a ‘very significant new revenue stream’ for the brand in the years ahead. from Business of Fashion https://ift.tt/3lHuYxE

Snap Inc.’s new global head of fashion and beauty partnerships is tasked with helping brands such as Prada, Dior and American Eagle harness augmented reality so that the social platform is more shoppable. from Business of Fashion https://ift.tt/31CiMaa

As fashion brands pursue closed-loop recycling, they increasingly need to engage with suppliers who can help them source 'circular' materials and scale these efforts. However, the chairman of Novetex Textiles says meaningful mass adoption is a chicken-and-egg conundrum. from Business of Fashion https://ift.tt/3y8aJ11

As leader of the Aura Blockchain Consortium, Daniela Ott is tasked with persuading brands to join brands such as LVMH, Prada and Richemont-owned Cartier on the shared digital platform which creates ‘product passports’ for luxury goods. from Business of Fashion https://ift.tt/3y1GCbp

Farfetch’s chief people officer says it will be hard for fashion companies to strike the right balance across recruitment and retention strategies as the industry faces a talent deficit in the year ahead. from Business of Fashion https://ift.tt/3EIpeeg

The American sportswear brand best known for its logo-stamped underwear allowed the comedian apparent access to its Instagram account. from Business of Fashion https://ift.tt/3rHqkn5

The Theory chief merchant will take a top role at France’s oldest couture house. from Business of Fashion https://ift.tt/3drgSM8

Careers Counsel is a weekly round-up of the most helpful and inspiring advice for boosting your career. from Business of Fashion https://ift.tt/3oqgROP

Amid mounting evidence of fashion’s dramatically negative climate impact, countries, communities and companies are mobilising around protecting the planet. However, a new era of climate action will be required if fashion is to meet ambitious targets to reverse the damage being done. from Business of Fashion https://ift.tt/3oqVk8L

Widening income inequality and other demographic pressures in 2022 could exacerbate the already uneven global economic recovery from the pandemic. from Business of Fashion https://ift.tt/3DvuuR8

E-commerce valuations have reached dizzying heights in recent months, dispelling doubts over the fashion start-up boom and its growth-above-profits approach. But will it last? from Business of Fashion https://ift.tt/3prW4tH

Designer Marine Serre, known for her embrace of eco-futurism, joins BoF’s editor-at-large Tim Blanks for a conversation on the evolution of her namesake brand and best practices for building a sustainable fashion label. from Business of Fashion https://ift.tt/3rI06ki

In an increasingly digitised economy, cyber risks are rising fast. To protect their customers, business operations and creative assets, fashion companies need to strengthen their defences. from Business of Fashion https://ift.tt/337pZQx

BoF compiles the most exciting career opportunities now available on BoF Careers — including jobs from Kate Spade, Zalando and Réalisation Par. from Business of Fashion https://ift.tt/3oqav1W

Recovery from Covid-19-related economic shocks will be uneven across fashion’s consumer and sourcing landscapes, leading international industry players to reassess local conditions as well as market-specific risks and opportunities. from Business of Fashion https://ift.tt/3DoFyzv

Fashion's supply chains will continue to face deep disruption due to logistical logjams, materials shortages and rising costs in 2022. Players must build greater flexibility and cutting-edge management into their supply chains to meet customer demand. from Business of Fashion https://ift.tt/3dpcm0I

International tourism will not fully recover until 2023 at the earliest, causing a shift in shopping patterns. Luxury players must rebalance their global footprints while increasing investment in domestic consumer bases and e-commerce. from Business of Fashion https://ift.tt/3lCIZfS

Consumers will reallocate wallet share across fashion categories as pent-up demand for newness intersects with more social freedoms. Companies should prepare for this shift by honing data-driven product development and adjusting their inventory mix. from Business of Fashion https://ift.tt/3EvInQF

By experimenting with NFTs, gaming and virtual fashion, brands will unlock value streams in the metaverse that engage young consumers and will find new routes to creativity, communities and commerce. from Business of Fashion https://ift.tt/3poWOzI