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Showing posts from January, 2022

Osman Yousefzada: ‘The System Is Wrong’

The British-Afghan-Pakistani designer confronted his ‘otherness,’ scaled back his fashion label and turned to art. Now, he’s chronicled his journey in his first book: ‘The Go-Between.’ from Business of Fashion https://ift.tt/XuezHmSxE

The Crypto Wealthy Are Luxury’s New Big Spenders

The swelling ranks of the crypto-rich are boosting US luxury sales, and unlike previous generations of tech wealth, many are splashing out large sums on fashion that gets them noticed. from Business of Fashion https://ift.tt/Zf1zboYS3

A Next-Gen White Label Solution

With clients ranging from Coca-Cola to MTV, Printful’s on-demand drop shop model alongside its customisable product offerings are intended to reduce barriers to entry for fashion entreprenuers worldwide and take overproduction. BoF learns more. from Business of Fashion https://ift.tt/UfWZ4aOP0

Report: Peleton Trims Forecast on Apparel Sales

Ececutives believe Peloton owners will ease up on their fitness apparel purchases, as they allocate spending towards going-out clothes. from Business of Fashion https://ift.tt/xhYnQ79IS

Reliance Brands Inks Joint Venture With Indian Designer Rahul Mishra

Indian couture designer Rahul Mishra has inked a deal with the country’s retail giant Reliance Brands Limited (RBL) to launch a ready-to-wear brand focused on international growth. from Business of Fashion https://ift.tt/jaNlFoVxQ

Dubai Design District and Arab Fashion Week Bet on Menswear Market

The third Arab Fashion Week Men’s edition closed on Monday with an outdoor show on the Dubai Design District (D3) boulevard by Lebanese Dubai-based designer Rabih Rowell for his brand Anomalous. from Business of Fashion https://ift.tt/6WKCfyJnT

The Best Jobs on BoF Careers

BoF compiles the most exciting career opportunities now available on BoF Careers — including jobs from Farfetch, Who What Wear and By Far. from Business of Fashion https://ift.tt/Ja5HZIGgc

What’s Next for Japan’s Fashion Bibles?

Insiders say change is long overdue in Japan’s vibrant but rigid magazine industry where several iconic titles have folded despite print media being more insulated here than elsewhere. from Business of Fashion https://ift.tt/Uv1o2EsdH

Fashion’s Race for New Materials — Download the Case Study

Brands are pursuing a raft of initiatives to adopt recycled textiles, regeneratively farmed cotton and mushroom-based leather, but giving fashion’s major materials a sustainability makeover still requires billions of dollars worth of investments and deeper, longer-term commitments to scale. BoF breaks down some of the key innovations, the companies leading the charge and the barriers to change. from Business of Fashion https://ift.tt/GSwPFeJH2

LVMH’s Hublot to Raise Watch Prices as Inflation Hits Luxury

The Swiss watchmaker is boosting prices for all of its timepieces, Hublot Chief Executive Officer Ricardo Guadalupe said. from Business of Fashion https://ift.tt/zpWmohCdk

Lunar New Year, the Beijing Olympics and Fashion’s Complicated Opportunity in China

This week, everyone will be talking about the start of the Lunar New Year and Winter Olympics, Estee Lauder’s outlook for the beauty market and the latest data on retail’s labour shortage. from Business of Fashion https://ift.tt/kasQMYb2F

Why Activist Investors Are Targeting Department Stores

Hedge funds are urging Kohl’s and Macy’s to consider radical changes to how they operate as the retailers struggle to reverse decades of decline. from Business of Fashion https://bit.ly/3rjGpyV

What Happened to Fashion’s Dream Factory?

What was once pure fantasy now puts commerciality first. What’s lost, and what’s gained, in the new era of couture. from Business of Fashion https://ift.tt/3rSv1sI

Ras Baun Bartram Succeeds Marc Goehring as 032c’s Fashion Director

The Danish stylist, who most recently worked with Ye, (formerly known as Kanye West) on his apocalyptic “Heaven and Hell” music video, will join the Berlin-based media and fashion company, effective immediately.” from Business of Fashion https://ift.tt/3u7so97

Brazilian Footwear Giant Arezzo Looks to Raise $153 Million in Follow-On Offering

The shoemaker announced on Thursday a follow-on share offering of 7.5 million shares as it aims to raise money for long-term investments, including new stores and potential mergers and acquisitions. from Business of Fashion https://ift.tt/3IJmTBI

H&M CEO Sets Target to Double Retailer’s Sales by 2030

Hennes & Mauritz AB chief executive Helena Helmersson is also targeting an operating margin of more than 10 percent within three years. from Business of Fashion https://ift.tt/3s0JVNs

How Glossier Lost Its Grip

The direct-to-consumer pioneer, which popularised millennial pink and dewy skin, can’t keep up with an evolving beauty industry, customer and retail landscape. from Business of Fashion https://ift.tt/33QTiHP

Farfetch Is Buying Violet Grey: Here’s Why

The luxury fashion platform sees an opportunity in beauty that has eluded many others. from Business of Fashion https://ift.tt/3u5vZEy

Bernard Arnault’s Take On the Metaverse

The LVMH chairman said, “It’s not our objective to sell virtual sneakers for 10 euros,” contrasting with rival Gucci’s bullish approach. from Business of Fashion https://ift.tt/3o3PJ7T

In Paris, Couture’s Return to Clothes Making

Haute couture, once the realm of unbridled dreams, is getting back to making clothes, reports Angelo Flaccavento. from Business of Fashion https://ift.tt/3u6NJiP

Swiss Watch Exports Have Record Year as US Becomes Top Market

Shipments rose 31 percent to 22.3 billion francs ($24.1 billion) last year, the Federation of the Swiss Watch Industry said Thursday. from Business of Fashion https://ift.tt/3G58pKD

Glossier Lays Off 80 Employees

Chief executive Emily Weiss wrote in a letter to employees that Glossier had “got ahead of ourselves on hiring." from Business of Fashion https://ift.tt/32zfW6C

China’s E-Commerce Hub Faces Omicron Flareup Just Before Holiday

At least seven infections were detected in Hangzhou, a city near Shanghai and home to Alibaba Group Holding Ltd. from Business of Fashion https://ift.tt/3KMHEhs

The Unlikely Return of Accessible Luxury

As spending patterns shift, a new generation of mid-market American labels are thriving by offering value-conscious products with a point of view. Can they scale like the titans that came before them? from Business of Fashion https://ift.tt/3ujDkkj

Keeping Store Employees Safe Without a Vaccine Mandate

The jab is just one of several critical tools retailers can use to keep store workers healthy but it can’t, on its own, clear persistent staffing hurdles. from Business of Fashion https://ift.tt/3o2fw0l

Reliance Industries to Take On Nykaa With New Beauty Platform

The Indian conglomerate is gearing up to launch an omnichannel beauty platform jointly developed by the company’s recent acquisitions – retail tech start-up, Fynd, and e-pharmacy marketplace Netmeds. from Business of Fashion https://ift.tt/3AEr3YO

Glossier Lays Off 80 Employees

Chief executive Emily Weiss wrote in a letter to employees that Glossier had “got ahead of ourselves on hiring." from Business of Fashion https://ift.tt/3G3t4i4

Victoria’s Secret Sells Stake in China Business for $45 Million

Victoria’s Secret & Co said on Tuesday it will sell a 49 percent stake in its China business to Hong Kong-based lingerie maker Regina Miracle International Ltd for $45 million in cash, aiming to boost sales with the help of a local partner. from Business of Fashion https://ift.tt/3okyboj

SMCP to Review Recomposition of its Capital

French fashion group SMCP on Tuesday said it would put in place an ad hoc committee to review its capital structure. from Business of Fashion https://ift.tt/3fUt6hG

Report: Chinese Fashion Retailer Shein Revives Plan for New York Listing in 2022

It was not immediately clear how much the company was looking to raise from its New York debut. from Business of Fashion https://ift.tt/3nZ4skn

Chinese Fast Fashion Giant Peacebird Sees Profit Plunge in 2021

The Ningbo-based group released its 2021 financial forecast, which showed net profit attributable to shareholders dropped by 660 million yuan ($104.31 million) or 7 percent year-on-year. from Business of Fashion https://ift.tt/3rS0qM1

Dior’s Maria Grazia Chiuri: A Fashion Hitmaker’s Method

How the designer used fashion with a message to make a storied couture house relevant for a new generation — and helped turn it into a commercial juggernaut. from Business of Fashion https://ift.tt/3KJ18Ur

The Denim Industry’s ‘Best-Kept Secret’

Pakistan’s denim apparel exports to the US have overtaken China’s, thanks to local entrepreneurs who have built a vertically-integrated manufacturing hub in the South Asian nation. from Business of Fashion https://ift.tt/3GTUbxn

REI Retail Workers in New York Unionise

REI is the latest company to have employees unionise, as Covid-19 brings new stresses to the retail workforce. from Business of Fashion https://ift.tt/3IwEaOi

Tom Ford Cancels New York Fashion Week Show

The designer will instead release images digitally at a later date. from Business of Fashion https://ift.tt/3qVrKJO

Manfred Thierry Mugler, Fashion Radical, Has Died

The designer, known for his eponymous fashion label, passed away on Sunday evening. from Business of Fashion https://ift.tt/341B0D6

In Paris, Purity and Proclivities

The Paris men’s shows were charged with sexual energy, elegance and a nomadic spirit, reports Angelo Flaccavento. from Business of Fashion https://ift.tt/3KC86KB

Pieter Mulier: Alaïa And I

A year into his tenure, the designer talks to Tim Blanks about wrestling with the riddle of one of fashion’s most intensely personal, technically challenging legacies. from Business of Fashion https://ift.tt/3KzsyvH

The Best Jobs on BoF Careers

BoF compiles the most exciting career opportunities now available on BoF Careers — including jobs from Coach, Self-Portrait and Global Fashion Agenda. from Business of Fashion https://ift.tt/3ItRfI7

India’s Good Glamm Group Acquires Majority Stake in Organic Harvest

The beauty and personal care giant turned content provider, and newly-minted unicorn, has continued its acquisition spree by taking a majority stake in one of India's leading organic personal care brands. from Business of Fashion https://ift.tt/3IxevF0

Retail’s Rough Start to 2022

This week, everyone will be talking about the slump in retail stocks, Haute Couture Week in Paris, LVMH’s end-of-year results and some very expensive sneakers. from Business of Fashion https://ift.tt/3nQu0Ab

Power Moves | Bally’s New Creative Director, SMCP’s Board Reshuffle

Rhude founder Rhuigi Villaseñor will lead the Swiss luxury brand; SMCP named a new board member. from Business of Fashion https://ift.tt/33D69wQ

Op-Ed | New York’s Fashion Act? More Like Fashion Won’t Act.

Proposed legislation targeting the social and environmental impact of brands doing business in the State of New York doesn’t go far enough, argues Beth Esponnette. from Business of Fashion https://ift.tt/3tMp5Uv

The Winners and Losers of the Holiday Season

Shoppers were spending in force this holiday season, but while some brands enjoyed big sales bumps, others slumped. from Business of Fashion https://ift.tt/3IpJKBU

Why Fashion Can’t Escape the Discount Cycle

Last year, American retailers seemed to have broken their habit of relying on deep promotions, thanks to limited inventory and pent-up demand. These beneficial circumstances, experts say, may be disappearing in 2022. from Business of Fashion https://ift.tt/3Kvrn0d

The State of Fashion 2022: Q&A with the Authors

Please join us for a special #BoFLIVE Q&A session, exclusively for Professional Members, where the authors of The State of Fashion 2022, BoF’s Imran Amed and McKinsey’s Achim Berg, will answer your burning questions about the report’s key findings and predictions for the year ahead. from Business of Fashion https://ift.tt/3qP72Lu

India’s Cotton Textile Exports Grow in 2021

Exports of cotton yarn, fabrics and handloom products in April to December 2021 reached $11.29 billion, an increase of 66 percent over exports of $6.8 billion in the corresponding period of the previous fiscal year. from Business of Fashion https://ift.tt/35bStJR

Virgil Abloh’s Last ‘Dreamhouse’ at Louis Vuitton

The designer’s posthumous show, set in the sky, suggests his halo could keep helping the business shine. from Business of Fashion https://ift.tt/3GOEHL4

What’s Going on With Brock Collection?

The American luxury brand, which went dark in October last year, has faded into obscurity as it has paused wholesale operations and ended its agreement with licensing partner HIM Co SpA. from Business of Fashion https://ift.tt/3FGumzn

Guess USA Taps ERL Designer Eli Russell Linnetz for Rebrand

The subsidiary of Guess Inc. is betting that the in-demand Los Angeles creative will lend cachet to its new line of ‘premium-priced’ archive-inspired wears. from Business of Fashion https://ift.tt/3nJE3ah

Meet the South African Designer Challenging Prejudice to Build His Brand

South African designer Rich Mnisi’s fluid approach to fashion has sparked controversy for challenging gender norms. That’s the point. from Business of Fashion https://ift.tt/3AhTWJO

Fashion Remembers Trailblazing Editor André Leon Talley

The industry pays tribute to the towering personality and prodigious fashion editor, who died on Tuesday. from Business of Fashion https://ift.tt/3AmCG6n

TikTok’s Parent Company Enters China’s Perfume Market

Bytedance has launched its own fragrance brand via a subsidiary, the Emotif line of perfumes is currently testing some products on third-party e-commerce platforms in China. from Business of Fashion https://ift.tt/3Kpy5VB

Roberto Cavalli Taps Karen Wazen for Global Fragrance Campaign

The Lebanese-born, Dubai-based influencer and entrepreneur is the first Middle Eastern ambassador to front a global campaign for the Italian luxury brand. from Business of Fashion https://ift.tt/3GXAftH

Richemont, Burberry Signal That Luxury Market Is Thriving Again

Richemont had its fastest holiday season sales growth in at least a decade and Burberry Group Plc forecast 35 percent earnings growth this year, the latest signs that the luxury-goods market is thriving again. from Business of Fashion https://ift.tt/3IjuIhi

A New Magazine Looks to Tap Into the Power of Fashion and Sport

Former GQ Style deputy editor Elgar Johnson will launch CircleZeroEight in April, with contributions from Katie Grand, Saul Nash and photographer Ewen Spencer. from Business of Fashion https://ift.tt/3rsNJa9

In Paris, Bianca Saunders Targets Next Stage

With an Andam prize win and a spot on the Paris Fashion Week calendar under her belt, the designer is preparing to take her business to the next level. from Business of Fashion https://ift.tt/3AcF93g

Retail Employees Are Under Attack. Here’s What Brands Can Do

Fashion brands will need to think beyond barebones safety protocols as they scramble to fix a problem that’s only getting worse as the pandemic drags on. from Business of Fashion https://ift.tt/3IcaTIu

André Leon Talley Has Died

André Leon Talley, the American fashion veteran who worked as Vogue creative director and editor-at-large for decades, has died, according to media reports. from Business of Fashion https://ift.tt/3nD1Cl7

When High Jewellery Meets Lab-Grown Diamonds

Former executives from Harry Winston and Cartier are betting on recycled gold and lab-grown diamonds to revive a 160 year-old Paris jeweller favoured by Empress Eugénie and Anna Wintour. from Business of Fashion https://ift.tt/3tydM2k

In Milan, A New Kind of Classicism

A fresh take on classicism dominated the runways at Milan men’s fashion week, reports Angelo Flaccavento. from Business of Fashion https://ift.tt/3qAYJTB

SMCP Appoints New Board Chairman Following Reshuffle

Christophe Cuvillier will step into the role, following a vote last week to dismiss five board members associated with former majority owner Ruyi Group. from Business of Fashion https://ift.tt/3nzdfcD

Valentino Reorganises Structure, Creates Two New Management Roles

The company, controlled by Qatari investment vehicle Mayhoola, said it had created two new roles — a chief operations and logistics officer and global chief financial officer — to be held by Giuseppe De Mori and Alberto Fasanotti, respectively. from Business of Fashion https://ift.tt/3rpkRj8

Report: Former Farfetch Executive in the Running to Become Asos CEO

Andrew Robb, who previously served as chief operating officer at Farfetch, is among the candidates being considered to become the online retail giant’s next chief, according to a Sky News report published Sunday. from Business of Fashion https://ift.tt/3rsSJLJ

Hermès Sues NFT Creator Over “MetaBirkin” Sales

The French leather goods giant alleges trademark infringement and dilutive use of the iconic Birkin name. from Business of Fashion https://ift.tt/3qAWqjB

Unilever to Sharpen Health Focus After GSK Consumer Interest

Unilever Plc plans to sharpen its focus on health and hygiene and plans to sell off slow-growth brands as it weighs making a higher offer for GlaxoSmithKline Plc’s consumer unit. from Business of Fashion https://ift.tt/326DZK7

China’s 2021 GDP Growth at Decade High, Momentum Slowing

China’s economy rebounded in 2021 with its best growth in a decade helped by robust exports but there are signs momentum is slowing on weakening consumption and a property downturn, pointing to the need for more policy support. from Business of Fashion https://ift.tt/324Aeok

The Best Jobs on BoF Careers

BoF compiles the most exciting career opportunities now available on BoF Careers — including jobs from BoF, Maison Margiela and Cecilie Bahnsen. from Business of Fashion https://ift.tt/34Y5TZO

The Jonathan Anderson Experiment

A last-minute switch from live-showing in Milan to film-making in London was the designer’s latest exercise in ingenious Covid crisis management. from Business of Fashion https://ift.tt/3rlkSog

Menswear Pioneer Nino Cerruti Has Died At 91

The Italian designer, a former mentor to Giorgio Armani, introduced the idea of casual chic into men’s fashion. from Business of Fashion https://ift.tt/3qw9iaq

On Vaccine Mandates, the Ball’s Back in Retailers’ Court

This week, everyone will be talking about how retailers approach the question of unvaccinated employees, plus the men’s shows in Milan and Paris. from Business of Fashion https://ift.tt/3GAX1au

Dame Vivian Hunt Makes the Case for Stakeholder Capitalism

The senior partner at McKinsey & Company explains why being an ethical and sustainable company is not just good for the world — but for business. from Business of Fashion https://ift.tt/33w8DNg

SMCP Shareholders Vote for Board Reshuffle Following Ownership Change

The shareholders of SMCP voted to dismiss five board members associated with its former majority owner Shandong Ruyi, including board president Yafu Qiu and his daughter Chenran Qiu, and add three new independent members. from Business of Fashion https://ift.tt/3qrsKVI

UK Competition Watchdog Takes Aim at Greenwashing in Fashion

The Competition and Markets Authority has made fashion its first priority in efforts to tamp down on misleading sustainability marketing. from Business of Fashion https://ift.tt/3nn9SFy

Russian Fur Retailer Kalyaev to Close Factory Following Sales Decline

One of Russia’s biggest fur-retailers announced it would close its factory and sell its remaining stock, due to a decline in the country's fur trade. from Business of Fashion https://ift.tt/3GvkzgW

Baltic Retail Giant Apranga Sees Turnover Grow 12% in 2021

The Lithuanian-based company is the largest apparel trading group in the Baltic States, and is controlled by MG Baltic Group, an investment company. from Business of Fashion https://ift.tt/34KhRpD

Beauty Mask Maker Said to Pick CICC, Goldman for Hong Kong IPO

Xi’an Giant Biogene Technology Co. has selected banks for an initial public offering in Hong Kong that could take place as soon as this year, according to people familiar with the matter. from Business of Fashion https://ift.tt/3zX6NkF

Zara Chooses Susan Fang for First Chinese Designer Collaboration

Spanish fast fashion giant Zara is collaborating with Susan Fang on a Chinese New Year capsule collection, inspired by the designer’s love of her family. The collection will be released in selected stores and online Jan. 17. from Business of Fashion https://ift.tt/3Gv8MPw

How to Deal With Retail’s Returns Frenzy

Surging online sales during the pandemic have touched off a similarly massive wave of returns. Here’s how some brands are handling the deluge. from Business of Fashion https://ift.tt/3K9aeJG

Thai Textile Exports Surge as Foreign Demand Returns

In the first 11 months of 2021, Thailand exported 64.8 billion baht ($1.95 billion) of garments and 188.6 billion baht ($5.67 billion) of textiles, according to the Thai Garment Manufacturers Association. from Business of Fashion https://ift.tt/3zVfmwe

US Supreme Court Blocks Biden Vaccine-or-Test Policy for Large Businesses

The US Supreme Court on Thursday blocked President Joe Biden’s pandemic-related vaccination-or-testing mandate for large businesses at a time of escalating COVID-19 infections while allowing his administration to enforce its separate vaccine requirement for healthcare facilities. from Business of Fashion https://ift.tt/3qqvLWA

Power Moves | Filippa K Hires Former Saint Laurent Designer, Dunhill’s New CEO

Liisa Kessler joins the Scandinavian label, Laurent Malecaze joins Dunhill from AZ Factory. from Business of Fashion https://ift.tt/3npSHTQ

New York Fashion Week Will Go On

The Council of Fashion Designers of America (CFDA) released its preliminary “American Collections” calendar for the Autumn/Winter 2022 shows, which will take place Feb. 11 to Feb. 16. from Business of Fashion https://ift.tt/3zWRVTx

The Question No One Is Asking About the Metaverse

Is the metaverse good for the world? Retailers must bake environmental and social awareness into their strategies from the start, argues Doug Stephens. from Business of Fashion https://ift.tt/34G8ozH

Why Luxury Wants in on Mystery Boxes

LVMH’s venture arm joined the seed funding round of start-up Heat, which has tapped into Gen-Z’s appetite for social commerce and resale by selling surprise selections of high-end products. from Business of Fashion https://ift.tt/3FoQYo7

Next-Gen Materials Start-Up Mycoworks Raises $126 Million

The company is already working with Hermès and will use the funds to help scale up production of its mushroom-based leather alternative. from Business of Fashion https://ift.tt/34RbVeR

Sequoia Capital China Acquires Majority Stake in We11done

The deal will help Seoul-based We11done to accelerate growth of its direct-to-consumer business across China, Europe and the US. from Business of Fashion https://ift.tt/3K0nctj

Sneaker Market StockX Taps Morgan Stanley, Goldman for IPO

StockX, an online exchange for sneakers and streetwear brands, is working with Morgan Stanley and Goldman Sachs Group Inc. on its planned US initial public offering, according to people with knowledge of the matter. from Business of Fashion https://ift.tt/3nnOyjo

Online Holiday Spending in the US Grew at the Slowest Rate in Years

Online shopping for holiday gifts last year in the US grew at the slowest rate since at least 2014, according to Adobe Analytics, after a blowout year in 2020. from Business of Fashion https://ift.tt/3K5EBkf

Gap Is Releasing a Collection of NFTs

The digital collectibles are its latest attempt to generate excitement around its brand. from Business of Fashion https://ift.tt/3nhmVIr

Instagram to Host Week-Long Event for Content Creators During Paris Men’s Fashion Week

Instagram is positioning itself as a platform for boosting fashion careers with a series of workshops and networking events. from Business of Fashion https://ift.tt/3Glwzl6

Will Brands Buy Into a Virtual Version of Rodeo Drive?

There’s a land rush happening in virtual spaces, where developers are grabbing up real estate to build immersive, digital shopping districts they’re pitching as the future of e-commerce. from Business of Fashion https://ift.tt/3FlE2iK

Rebooting a Brand for a Post-Pandemic World

Like many fashion brands, Stockholm-based Filippa K was hammered by the coronavirus crisis. Now it’s gearing up for a reboot, hiring former Saint Laurent designer Liisa Kessler to help take the brand more upscale. from Business of Fashion https://ift.tt/34KmNej

How Centralised Customer Data Platforms Can Drive Retail Growth

Having a unified platform that serves all the endpoints of a business is essential to driving growth and platforming the new major players within clienteling: text, voice and live video, says Teamwork Commerce CEO, Michael Mauerer. from Business of Fashion https://ift.tt/3I0fm0H

Bottega Veneta Hosts a Brand Takeover On the Great Wall of China

In honour of Chinese New Year, Bottega Vetega is staging a takeover on the Great Wall of China from Jan. 6 to Jan. 12. from Business of Fashion https://ift.tt/3zRbmwF

American Eagle Signals Weak Revenue Growth in Holiday Quarter

American Eagle Outfitters Inc signalled its revenue growth in the holiday quarter was hampered by supply chain snarls and disruptions caused by the Omicron surge. from Business of Fashion https://ift.tt/3njInNf

What China’s Looming Real Estate Crisis Means for Fashion

Further volatility in the property sector could dampen consumer appetite for fashion and luxury goods in some quarters, but it is unclear how big the impact might be. from Business of Fashion https://ift.tt/3fdtiZ5

Brunello Cucinelli Posts 31 Percent Sales Jump in 2021

Italian luxury group Brunello Cucinelli posted on Monday a 31 percent increase in 2021 revenue at current exchange rates, in line with its latest guidance and a touch above market expectations, after the pandemic triggered a 10 percent drop in 2020. from Business of Fashion https://ift.tt/34I0E0l

JW Anderson Cancels In-Person Show at Milan Men’s Fashion Week

The London-based label joins Giorgio Armani in opting to present digitally for Milan Fashion Week Men’s due to the continued spread of the Omicron variant. from Business of Fashion https://ift.tt/3Gl2Bha

Il Makiage Owner Valued at $1.5 Billion

The beauty brand’s parent company Oddity announced the closing of a $130 million private round led by tech investor Thomas Tull, investment firm Franklin Templeton, Fidelity’s investment arm and venture capital firm First Light Capital Group. from Business of Fashion https://ift.tt/3f6a6MM

Pandemic Lockdowns Hit Selfridges Sales, Profits in 2020

The British department store chain, best known for its flagship location on London’s Oxford Street, took a financial hit as strict lockdown measures forced the closure of its four locations for much of the year, according to business accounts filed with the UK’s Companies House. from Business of Fashion https://ift.tt/3G894f7

Lululemon Falls After Warning Omicron to Hit Sales, Earnings

Lululemon Athletica Inc. shares tumbled after the company warned that financial results will come at the low end of previous guidance, saying the Omicron coronavirus variant was constraining its operations. from Business of Fashion https://ift.tt/31LpR8W

Shaving Brand Billie Moves Into Walmart

The direct-to-consumer razor brand is eyeing expansion, as it becomes the latest non-traditional brand to be added to Walmart’s beauty shelves. from Business of Fashion https://ift.tt/34vHc6F

What Will Ruyi’s Unravelling Mean for SMCP?

The future of French contemporary giant Sandro, Maje and Claudie Pierlot is at stake in a dispute between distressed Chinese shareholder Ruyi Group and its lenders. from Business of Fashion https://ift.tt/3qbdkVA

The Best Jobs on BoF Careers

BoF compiles the most exciting career opportunities now available on BoF Careers — including jobs from Marine Serre, Karla Otto and Shrimps. from Business of Fashion https://ift.tt/3r5DacK

Meet the Creative Agency Behind Those Viral Dazed Covers

New School, a new agency out of London reps a fast-rising group of tight-knit creatives, including the teams behind last fall’s Dazed covers featuring Rihanna and Harry Styles, campaigns for Apple and Klarna, and shows for Chopova Lowena and Thebe Magugu. from Business of Fashion https://ift.tt/3JSbj8C

Condé Nast to Launch Vogue Philippines

The new title will be the 29th edition of Vogue and will kick off with English-language print, digital and social platforms in September 2022. from Business of Fashion https://ift.tt/3K6r38e

Report: Amazon Files New Legal Challenges in Dispute with Future Group

Amazon.com Inc. has filed fresh legal challenges in its long-running dispute with Indian retailer Future Group after the national antitrust agency suspended a 2019 deal between the two sides, leading to a halt in their arbitration, four sources told Reuters on Sunday. from Business of Fashion https://ift.tt/34ueG5n

The Final Verdict on Holiday Sales

This week, everyone will be talking about US retail sales and inflation data, plus how the Omicron variant is upending awards season and fashion month. from Business of Fashion https://ift.tt/3nbR9wu

Should Brands Cancel Fashion Shows?

Omicron has thrown a wrench in Fashion Month, leaving brands to weigh their options for handling an increasingly familiar conundrum. from Business of Fashion https://ift.tt/3JSfUb1

Yeezy Gap Partners With Balenciaga

Kanye West’s line for the American retail giant will include items “engineered by” the French luxury house starting in June. from Business of Fashion https://ift.tt/3zDDbbN

New York Fashion Act to Test Brands’ Appetite for Sustainability Regulation

Stella McCartney is among the backers of a new bill before the New York State Assembly that could step up disclosure and due diligence requirements for brands operating in the key market. from Business of Fashion https://ift.tt/3f35Spf

Paris Fashion Week Organisers Postpone Sidaction Charity Gala

The annual fundraiser, which usually closes January’s haute couture week, is being moved to July amid rising coronavirus cases. from Business of Fashion https://ift.tt/3G6r5KG

The Marketing Metrics That Matter in 2022

Doubts over the reliability of advertising data from platforms and the dubious nature of so-called vanity metrics are forcing marketers to think smarter about how they measure success moving forward. from Business of Fashion https://ift.tt/31xjkyn

TikTok’s Balaclava Craze, Explained

Babushka-style scarves, knitted balaclavas and other headwear accessories have become increasingly popular within mainstream fashion. from Business of Fashion https://ift.tt/32UYud2

India’s Future Group Shares Jump After Arbitration With Amazon Halted

Shares in Future Group companies jumped on Thursday, a day after an Indian court halted arbitration proceedings between the conglomerate and estranged partner Amazon.com Inc. from Business of Fashion https://ift.tt/3qU9rne

Searching for the Next Barneys

American luxury retail has changed, but customers are still hungry for the special feeling only an exceptional multi-brand store can offer. Can a crop of upstarts and a few savvy incumbents succeed where others have failed? from Business of Fashion https://ift.tt/32LxWLr

Op-Ed | Notes From an NFT Sceptic

Nike, Adidas and other big brands have plunged headlong into the latest crypto craze. But companies and their customers may soon discover converting virtual fashion into real-world profits isn’t so easy. Caveat emptor, says The NPD Group’s Matt Powell. from Business of Fashion https://ift.tt/3JLwuch

Omicron Puts Fashion Week in Flux

As Omicron infections surge across fashion’s global capitals, the industry faces a now-familiar dilemma: whether or not to steam ahead with in-person fashion week show plans amid rising health and safety concerns. from Business of Fashion https://ift.tt/31vBArX

Nike Says Lululemon’s Mirror Infringes Digital Patents

Nike Inc. sued Lululemon Athletica Inc. claiming its Mirror Home Gym and mobile app infringes its patents for digital home exercise equipment. from Business of Fashion https://ift.tt/3t6diQG

Vogue Japan Appoints New Head of Editorial Content

In her new role, Godoy will oversee Vogue Japan’s editorial operations, and will “work closely” with both Anna Wintour, Vogue’s global editorial director and Condé Nast’s chief content officer, as well as Leslie Sun, Vogue’s APAC director. from Business of Fashion https://ift.tt/338Nfxd

Vogue Appoints New Head of Editorial Content for Japanese Edition

In her new role, Godoy will oversee Vogue Japan’s editorial operations, and will “work closely” with both Anna Wintour, Vogue’s global editorial director and Condé Nast’s chief content officer, as well as Leslie Sun, Vogue’s APAC director. from Business of Fashion https://ift.tt/1V0mlGE

Authentic Brands Group Withdraws IPO Plans

Apparel chain operator Authentic Brands Group Inc on Wednesday withdrew its plans for an initial public offering in the United States, according to its filing with the securities regulator. from Business of Fashion https://ift.tt/3qTAVJr

Chanel Debuts Clean Beauty Line, No. 1

The line’s key ingredient is red camellia, a flower that Chanel scientists have been studying over the last ten years. from Business of Fashion https://ift.tt/3HFhHOM

The Year Ahead: Beauty’s Cautious Recovery

After being hit significantly by the pandemic, all categories within the beauty sector are performing strongly. However, the sector’s competitive intensity shows no signs of abating amid the growth in the year ahead. from Business of Fashion https://ift.tt/3zB1yXO

Tencent Raises $3 Billion by Trimming Stake in Shopee-Owner Sea

Tencent said late on Tuesday it had entered into a deal to reduce its stake in the Singapore-based gaming and e-commerce group to 18.7 percent from 21.3 percent. from Business of Fashion https://ift.tt/3qSIlg2

Priya Ahluwalia on Changing the Fashion Narrative

The London-based designer has won recognition for her vibrant designs patched together from vintage clothes. Now she wants to grow her business without sacrificing its core values. from Business of Fashion https://ift.tt/31wJscU

For Young Design Businesses, Is Bigger Still Better?

Following early aughts private equity deals, designers now are avoiding traditional investment and growth opportunities in favour of new models. from Business of Fashion https://ift.tt/3eTpbkE

Macy’s Shortens Store Hours as COVID-19 Cases Surge

Macy’s Inc. said on Tuesday it will temporarily shorten its store hours on some days at all of its stores for the rest of January, as Covid-19 cases continue to surge across the United States. from Business of Fashion https://ift.tt/3eTJaQl

Giorgio Armani Cancels Men’s, Haute Couture Shows As Omicron Infections Rise

The Italian fashion company cited rising rates of Covid-19 infections across Europe as the reason for cancelling its Emporio Armani, Giorgio Armani and Giorgio Armani Privé fashion shows, which were due to take place this January at Milan Fashion Week Men’s and Paris Haute Couture Week. from Business of Fashion https://ift.tt/3qNHldd

Gieves & Hawkes Owner Trinity Group Files for Liquidation

The embattled company’s Chinese owner Shandong Ruyi has appointed liquidators from FTI Consulting and R&H Services to assess the company’s financial situation and consider a potential restructuring of the group, according to a Hong Kong stock exchange filing on Tuesday. from Business of Fashion https://ift.tt/3qKJM01

The New Technologies Fashion Schools Are Teaching Students

Students are training in 3D design and data analytics as the fashion industry undergoes a digital transformation and readies itself for an increasingly virtual future. from Business of Fashion https://ift.tt/3pOXPm7

The Myths and Realities of Retail’s New Normal

As the Omicron variant sweeps across the world, retailers are reckoning with an inescapable reality: Covid-19 is here to stay. BoF outlines the fundamental facts that should inform the industry’s next moves. from Business of Fashion https://ift.tt/3FN9xmN

The 10 Themes That Will Define the Fashion Agenda in 2022

Each of the 10 defining themes in The State of Fashion 2022, the authoritative annual report from The Business of Fashion and McKinsey & Company, highlights strategies to safeguard recovery and tap new opportunities for sustainable growth in the year ahead. from Business of Fashion https://ift.tt/3HCGBOZ

The Best Jobs on BoF Careers

BoF compiles the most exciting career opportunities now available on BoF Careers — including jobs from BoF, Kering and La DoubleJ. from Business of Fashion https://ift.tt/31kh4KN