Fashion World News

Sea Ltd.’s Shopee is pulling out of France, retreating from a major market just months after launching its maiden foray into Europe. from Business of Fashion https://ift.tt/M3GVkeh

With annual sales of $7 billion, an aggressive digital strategy and a slew of recent acquisitions, Magazine Luiza is determined to conquer the fashion category. from Business of Fashion https://ift.tt/dyrnNes

Consumers expect the fashion industry to use both its soft power and economic heft to pressure Russia and support the people of Ukraine. from Business of Fashion https://ift.tt/kszFyBS

Television shows like “Euphoria,” “And Just Like That” and more are embracing secondhand fashion to give their characters an especially unique on-screen look. from Business of Fashion https://ift.tt/9mJO1oT

As the creator space has matured, brands must be thoughtful about crafting a strategy that leverages influencer marketing’s full power, considering everything from talent scouting to the effectiveness of metrics. from Business of Fashion https://ift.tt/WIfg1ai

More than 200 million Snapchat users experience augmented reality every day. Here, Snap Inc.’s vice president of product Peter Sellis shares AR’s most exciting use cases for fashion. from Business of Fashion https://ift.tt/igAGuP7

Luxury fashion brand Hermès International is moving its US headquarters to a building on Manhattan’s Madison Avenue that’s being redeveloped. from Business of Fashion https://ift.tt/sgHbxI5

On March 2, the Puig-owned luxury label will launch its beauty line of refillable lipsticks and perfumes, alongside soaps, hand creams and accessories like mirrors, combs and makeup bags. from Business of Fashion https://ift.tt/E0vwGFh

Primark sales for the 24 weeks to March 5 were expected to be well over 60 percent ahead of last year at constant currency with an operating profit margin of 11 percent. from Business of Fashion https://ift.tt/wze6FgJ

The listed retail arm of Thai conglomerate Central Group says revenue rose by 15 percent year-on-year to 58.77 billion Thai baht ($1.8 billion) and EBITDA was up 42 per cent to 8.03 billion baht in its latest quarter. from Business of Fashion https://ift.tt/DVdmOyg

Executives at New Guards Group and LVMH reveal exclusively to BoF the ‘endless’ pipeline the designer left behind and their plans to harness his legacy to build a multi-billion-dollar brand. from Business of Fashion https://ift.tt/kNxZHwB

BoF compiles the most exciting career opportunities now available on BoF Careers — including jobs from Mytheresa, Ganni and Skims. from Business of Fashion https://ift.tt/vJj4Lth

The Milan fashion week that ended in silence today out of respect for the victims of the Ukraine war was an otherwise energetic affair that put Italy at the centre of the fashion conversation, reports Angelo Flaccavento. from Business of Fashion https://ift.tt/4iCcIEL

LVMH, Kering and Hermès are among the companies that have yet to set absolute targets to cut greenhouse gas emissions in their supply chains. from Business of Fashion https://ift.tt/oJI4O1Y

This week, everyone will be talking about Virgil Abloh’s last collection and other Paris Fashion Week highlights, Dior’s massive new store and Nordstrom’s turnaround efforts. from Business of Fashion https://ift.tt/jYs1cQw

Milan’s first few days prove Karl was a role model for fashion’s modern multi-taskers. from Business of Fashion https://ift.tt/TQwFDr5

Andrew Meslow has been suspended after sharing an offensive post on Instagram; the Katie Grand-led publication adds new Milan, New York and London-based editors. from Business of Fashion https://ift.tt/7cImC9U

The maker of Kotex and Kleenex had initially invested $25 million in Thinx in 2019. from Business of Fashion https://ift.tt/iMK4v2G

The collection, per Gucci, “combines the heritage and the creative codes of both brands." from Business of Fashion https://ift.tt/v8rmn0Q

In the driver’s seat after the abrupt exit of his predecessor, young Belgian Matthieu Blazy aims to reconnect the brand with its Italian pedigree, elevating emotion and handcraft over ‘obsession with technology and newness.’ from Business of Fashion https://ift.tt/148MHN2

The luxury British department store is not renewing its partnership with Taiwan’s Shin Kong Mitsukoshi department stores, leading to the closure of its partner-operated premises in Taiwan. from Business of Fashion https://ift.tt/r827Zlf

The South Korean beauty conglomerate has closed the last brick-and-mortar outlet of its Hera brand in China this week, and will close its WeChat mini-programme in mid-March. from Business of Fashion https://ift.tt/47r0PFG

On the heels of its first profitable year, the luxury platform is continuing on with a multi-pronged strategy to gain more market share, from a potential YNAP deal to a hundred-million-plus opportunity with Reebok. from Business of Fashion https://ift.tt/1LBrAYJ

The online luxury resale platform projects it will not be adjusted EBITDA positive until the full year 2024. from Business of Fashion https://ift.tt/4tC09T6

The firm, which manages roughly $30 billion in assets, has hired Goldman Sachs and Morgan Stanley to explore its options. from Business of Fashion https://ift.tt/dvPVriq

The firm, which manages roughly $30 billion in assets, has hired Goldman Sachs and Morgan Stanley to explore its options. from Business of Fashion https://ift.tt/RAbcLnX

The online luxury resale platform projects it will not be adjusted EBITDA positive until the full year 2024. from Business of Fashion https://ift.tt/zuCLxFI

TJX Cos Inc missed Wall Street estimates for quarterly results on Wednesday, hit by temporary store closures and fewer customers visiting its outlets due to a surge in cases of the Omicron variant during the holiday season. from Business of Fashion https://ift.tt/lQF6sSy

The long-term partnership names New Guards Group the core operating partner for Reebok’s retail, e-commerce and wholesale channels in Europe. from Business of Fashion https://ift.tt/eySuqXc

Latin America’s largest e-commerce platform, announced net revenues for the fourth quarter of $2.1 billion, a year-over-year increase of 73.9 percent. from Business of Fashion https://ift.tt/AR8Vhkm

Debt-ridden Chinese fashion and textiles giant Ruyi Group is facing creditor action to seize its Lycra business after reportedly defaulting on a $400 million loan it took out in May 2019 to fund the deal. from Business of Fashion https://ift.tt/MXJqxw1

Alibaba Group discussed raising at least $1 billion for Lazada before calling off negotiations with potential investors when talks bogged down over the Southeast Asian online mall’s valuation. from Business of Fashion https://ift.tt/NyQAGSX

In a rare interview, the menswear entrepreneur and creative director of New Balance’s ‘Made in USA’ line outlines his plans for the footwear giant. from Business of Fashion https://ift.tt/9TIxeyw

London Fashion Week was a more regional affair this season, but the city’s young talents held the fort, punching well above their weight, reports Susanna Lau. from Business of Fashion https://ift.tt/KgV0RbA

Sellers are capitalising on the boom of ‘90s and early ‘00s vintage. from Business of Fashion https://ift.tt/sbDWtmn

For a few hours Tuesday, hypebeasts and hopeful shoppers waited for a countdown on the Yeezy x Gap website to reach its end. And waited. And waited. from Business of Fashion https://ift.tt/fqMkgjK

The luxury brand spotlighted job creation and top-end crocodile bags as it inaugurated two workshops, with 2 more on this way. from Business of Fashion https://ift.tt/b7gxkfy

It believes brands will need talent that can create 3D avatars and make NFTs as much as they currently need stylists and photographers to help them craft and communicate their images. from Business of Fashion https://ift.tt/RVqX4sE

The Savile Row designer is returning to London Fashion Week after a 12-year hiatus, with a star-studded show at London’s Savoy Theatre. from Business of Fashion https://ift.tt/lGFOivo

Southern cities like Nashville, Charleston and Atlanta are seeing an influx of tourists and residents, bringing with them brand and influencer attention. from Business of Fashion https://ift.tt/gAjx9VZ

British luxury retailer Flannels plans to open up to 15 experience-oriented flagships before 2025 to drive growth. BoF meets incoming CEO Michael Murray to discover how regional retail is evolving and how retailers can unlock growth outside of global cities. from Business of Fashion https://ift.tt/7MlQahq

The country’s textile and clothing exports in 2021 reached a record €5.42 billion ($6.158 billion), up 16.5 percent over 2020 and 3.9 percent above 2019. from Business of Fashion https://ift.tt/LGzTIXd

Workers in key garment-producing countries are, on average, receiving just 55 percent of the pay they need to achieve a decent standard of living, according to data published Monday by The Industry We Want, a coalition of industry stakeholders calling for better working conditions and environmental sustainability in fashion. from Business of Fashion https://ift.tt/nXH0kEf

Some segments of the market would be more resilient than others if Western countries impose new sanctions on Russia over the Ukraine stand-off. from Business of Fashion https://ift.tt/YD9uapx

LVMH, Kering and Hermès are among the companies that have yet to set absolute targets to cut greenhouse gas emissions in their supply chains. from Business of Fashion https://ift.tt/RYfpn8t

The festival, which just finished its third installment, is cementing its status as a priority event for luxury brands hoping to bask in the art world’s glow and court wealthy collectors. from Business of Fashion https://ift.tt/PAwjbiN

BoF compiles the most exciting career opportunities now available on BoF Careers — including jobs from Dover Street Market, Amiri and Nanushka. from Business of Fashion https://ift.tt/PN4n81H

The beauty brand announced one of China’s hottest celebrities as its new brand spokesperson Sunday, and within 24 hours, the video related to the announcement had been viewed 37 million times. from Business of Fashion https://ift.tt/fAMchXt

This week, everyone will be talking about a packed schedule in Milan, Farfetch’s results and its ongoing talks with Richemont, plus the OECD’s annual forum on responsible supply chains. from Business of Fashion https://ift.tt/0cP3J6N

Jean-Luc Brunel was found dead in a Paris prison in an apparent suicide while facing rape charges. from Business of Fashion https://ift.tt/rOGI2Fj

Wall Street expects Macy’s Inc to report the best sales among U.S. department stores when it reports holiday quarter results on Tuesday, benefiting from its investments in online business and ability to keep its shelves amply stocked. from Business of Fashion https://ift.tt/pi6Uaoe

For our latest online BoF Professional Membership event, please join BoF’s Sarah Kent and Rachel Deeley along with Elaine Siu, chief innovation officer, Material Innovation Initiative, as they explore fashion’s new frontier of material innovation. from Business of Fashion https://ift.tt/u76W0OJ

Joor CEO Kristin Savilia shares her insights on the technological innovations that are creating both commercial efficiencies and growth opportunities for wholesale businesses. from Business of Fashion https://ift.tt/q8gWOtc

Russia’s leading off-price retailer increased its annual revenue to 34 billion roubles ($453 million) last year. from Business of Fashion https://ift.tt/xY9y5Tg

Thousands of Haitian garment workers protested in Port-au-Prince on Thursday to demand higher wages following weeks of similar demonstrations over pay and working conditions at firms that export to US clothing retailers. from Business of Fashion https://ift.tt/cWRgzuQ

At Grazia USA, several employees have been laid off as part of what management has called a restructuring, according to people who were let go. Editor-in-chief David Thielebeule has also left the magazine after just about one year at the title. from Business of Fashion https://ift.tt/1nrJOTB

Kering has resolved a dispute with French tax authorities regarding its use of a Swiss logistics centre to reduce taxes at its Saint Laurent and Balenciaga brands, paying “at least” 210 million euros to settle the case. from Business of Fashion https://ift.tt/XCJzBk0

The Singapore-based company is working with Goldman Sachs Group Inc. on the potential fundraising deal that could boost its valuation to over $1 billion, said the people, who asked not to be identified as the process is private. from Business of Fashion https://ift.tt/r0jmgJ8

The cross-border e-commerce platform owned by Chinese tech giant Alibaba has launched a luxury channel offering more than 10,000 products from more than 200 brands. from Business of Fashion https://ift.tt/NX6VQFa

Gucci’s sales climbed back above 2019 levels, a key milestone in the brand’s rebound from the pandemic. from Business of Fashion https://ift.tt/EzMgFpW

In a season of snoozy propositions, there were a few standouts. from Business of Fashion https://ift.tt/dsGBeDo

From fast-growing pure players like Amouage and Byredo to top-end launches from luxury's biggest names, the world of niche fragrances is getting a whole lot bigger. from Business of Fashion https://ift.tt/LoWwIjO

Chinese heartthrob, Gong Jun, celebrated Valentine’s Day earlier this week by becoming the global brand ambassador for Hogan. from Business of Fashion https://ift.tt/igtaB98

When Gucci-owner Kering and Hermès report earnings this week, investors will be looking for signs that the big luxury fashion groups are confident that wealthy shoppers are willing to pay higher price tags for designer accessories. from Business of Fashion https://ift.tt/gHTvSB8

China’s Shein is aggressively expanding its Singapore office after making a Singapore firm its de facto holding company, according to people with knowledge of the matter and a Reuters analysis of filings by the online fast-fashion retailer. from Business of Fashion https://ift.tt/OipD4as

The multi-hyphenate Denim Tears founder and designer is the streetwear juggernaut’s first major appointment since it was acquired by VF Corp for $2.1 billion in late 2020. from Business of Fashion https://ift.tt/I24etmA

As the foundations of this emerging digital world are being laid, brands are in the process of figuring out what works — and what doesn’t. from Business of Fashion https://ift.tt/hkxA4lO

The owner of retail properties including Dubai Mall and Dubai Marina Mall recorded sales of 4.9 billion dirham ($1.33 billion) with a net profit of 1.8 billion dirham last year. from Business of Fashion https://ift.tt/28DaLSZ

The fast fashion e-commerce site that was last week linked to ByteDance in Chinese media reports has posted a notice on its homepage alerting shoppers that it ceased operations on Feb.11. from Business of Fashion https://ift.tt/GbOEloS

Trade in emeralds, rubies and sapphires have been linked to human rights abuses and funding armed conflict, terrorism and military dictatorships. The industry is struggling to find a solution. from Business of Fashion https://ift.tt/LWaJktR

It’s a bet that these digital IDs will be crucial to brands as they try to take advantage of the business opportunities offered by Web3. from Business of Fashion https://ift.tt/dTIg3Bu

Long touted as a solution for e-commerce’s low conversion rates and ballooning returns, AR and AI-powered fit-tech is gaining momentum, but is still facing the same old challenges. from Business of Fashion https://ift.tt/1sd4zFP

No foreign tourists? No problem. Even in an absence of overseas shoppers, Japan’s luxury boutiques are seeing a surge in demand that’s lifting rents in Tokyo’s most high-class neighbourhoods. from Business of Fashion https://ift.tt/745OX0K

Bombas, a maker of socks and other apparel, is exploring a US initial public offering, according to people with knowledge of the matter. from Business of Fashion https://ift.tt/qMzuslv

A top Levi Strauss & Co. executive said she left the denim maker after more than two decades because her outspoken opposition to Covid-19 policies in schools created a fraught work environment for her. from Business of Fashion https://ift.tt/UDPtx5B

Britain fined the country’s largest sportswear retailers JD Sports and Footasylum on Monday a combined 4.7 million pounds ($6.4 million) for breaching an order that prevented both the merged firms from integrating further. from Business of Fashion https://ift.tt/vrnLbRc

The first crop of NYFW shows capitalised on a commercial boom, but where were the new ideas? from Business of Fashion https://ift.tt/PLfBTun

Design education needs a radical metamorphosis, argues trend forecaster Li Edelkoort. from Business of Fashion https://ift.tt/eWqXNtg

BoF compiles the most exciting career opportunities now available on BoF Careers — including jobs from Tory Burch, La Perla and Kirna Zabête. from Business of Fashion https://ift.tt/Eu85PWj

The walkouts were organized by the French Democratic Confederation of Labour and the General Confederation of Labour, two labour unions. from Business of Fashion https://ift.tt/QuROcjF

Chief executive Erik Ryd is looking to sell his $500 million business. from Business of Fashion https://ift.tt/8SGORZK

This week, everyone will be talking about Kering’s 2021 results, the end of New York Fashion Week and the start of the shows in London. from Business of Fashion https://ift.tt/osMwG05

Leveraging editors and buyers to target niche audiences remains a relevant strategy even as mega-labels turn their shows into marketing spectacles. from Business of Fashion https://ift.tt/C5xEV9P

Designers Jack McCollough and Lazaro Hernandez speak to BoF’s Lauren Sherman about their journey from one-time fashion wunderkinds to seasoned entrepreneurs, navigating a series of ups and downs from Business of Fashion https://ift.tt/49iQtEm

The company’s net revenue rose to $1.53 billion in the fourth quarter ended Dec. 31, from $1.40 billion, a year earlier. from Business of Fashion https://ift.tt/sP2hRIp

Hypebeast announced the launch of its Brazilian social media channel Hypebeast Brasil (@hypebeastbr) that will debut on Instagram Feb. 12. from Business of Fashion https://ift.tt/zEJ1HOt

The listed retail subsidiary of Central Group was light on detail of how the funds would be spent, beyond store network expansion, refurbishments and new technology. from Business of Fashion https://ift.tt/Y402kL9

The largest real estate developer in Abu Dhabi is pouring 5 billion dirhams ($1.36 billion) into acquisitions this year to grow its portfolio of revenue-generating properties. from Business of Fashion https://ift.tt/9tKeM2A

The New York label is betting on ‘genderful’ second line Altu and homeware to re-energise the business after its split with the French group in 2020. from Business of Fashion https://ift.tt/wOkgrpo

Following a well-received show last season, the designer Sintra Martins is ready for Saint Sintra’s official debut. from Business of Fashion https://ift.tt/MmFXB4T

The partnership, which also includes professional networking group In The Blk and model Joan Smalls, will release a template for fashion companies to use when they’re hiring on-screen talent, stylists, makeup artists, publicists or any creative role both in front of the camera and behind the scenes. from Business of Fashion https://ift.tt/cnxb3Hk

BoF shares insights on nurturing deeper collaborations across supply chains and how uniting independent businesses can drive positive impact taken from a two-part talk series at CIFF. from Business of Fashion https://ift.tt/9eW1dCU

The cosmetic giant’s net sales were up 12.4 percent year-on-year in 2021, and EBITDA, or earnings before interest, taxes, depreciation and amortisation, rose 141.7 percent, to 172.56 billion yen ($1.5 billion). from Business of Fashion https://ift.tt/yxmnUs0

The South Korean company, a subsidiary of Amorepacific Group, reported a net profit of 180.9 billion won ($151.2 million) in 2021, with revenue up 9.7 percent year-on-year to 4.86 trillion won. from Business of Fashion https://ift.tt/nI7O2uY

The Italian fashion group, which owns Maison Margiela, Diesel and Jil Sander, among others, saw net sales reach just south of €1.5 billion ($1.71 billion) in 2021, up 18 percent compared to 2020 and about in line with 2019 levels. from Business of Fashion https://ift.tt/0dHouOE

The online sale of 200 pairs of sneakers brought in a total of $25.3 million, Sotheby’s said, with most pairs selling for more than $100,000. from Business of Fashion https://ift.tt/xWND49e

Sales at 10 surveyed duty-free malls in Hainan, a tropical island in southern China, totalled 2.13 billion yuan (almost $335 million) during the seven-day holiday. from Business of Fashion https://ift.tt/dJmnIyf

Fawaz Abdulaziz Alhokair Co. reported a net profit of 82.7 million riyals ($22 million) during the nine-month period ending Dec. 31, according to a Saudi Stock Exchange filing. from Business of Fashion https://ift.tt/3oF8YuM

The recent shuttering of rental start-up Seasons highlights how logistics costs and uncertain cash flow have dimmed the prospects of a once-hot retail concept. from Business of Fashion https://ift.tt/wFVlIyL

The idea of being able to trace the cotton in a garment to its geographic source with a simple test is seductive, and possible in theory. But making it a reality requires overcoming some big challenges. from Business of Fashion https://ift.tt/lXWgAwV

Despite concerns about a potential military escalation between Russia and Ukraine amid growing US-Russia friction the 25th anniversary edition went ahead without disruption. from Business of Fashion https://ift.tt/aCir6E5

The investors wrote that Guess remains at risk as long as Paul Marciano, who's been accused of sexual assault, stays involved. from Business of Fashion https://ift.tt/yprODT7

Hermès handbags and Patek Philippe watches are becoming a key category for auction houses like Christie’s despite rising competition from online resale start-ups. from Business of Fashion https://ift.tt/FgHKO4W

Mannequin Madness is a company that salvages 60 tons of plastic and fibreglass figurines every year, highlighting an oft-overlooked area of sustainability in the industry. from Business of Fashion https://ift.tt/YRcQ7yX

BoF discovers how Gap Inc. — the parent company of the Old Navy, Gap, Banana Republic and Athleta brands — is renewing its focus on developing creative teams and talent. from Business of Fashion https://ift.tt/u95fFXU

Africa’s largest clothing retailer has acquired a majority stake in Brazilian retailer Grupo Avenida. from Business of Fashion https://ift.tt/UoFfnXq

The former Salvatore Ferragamo creative director’s shoe line will be back on the market this autumn. from Business of Fashion https://ift.tt/iMGrIaU

Paris Fashion Week organising body FHCM released its provisional calendar Monday for the fall-winter womenswear shows set to run from Feb. 28 to Mar. 8. from Business of Fashion https://ift.tt/zLNRFJQ

The Indian fashion retail giant will set up a new entity to acquire and incubate digital-first fashion, beauty and lifestyle brands, according to regulatory filings. from Business of Fashion https://ift.tt/nZfjtEU

The former head of content at Dazed Media will become the second ever editor-in-chief at GQ Middle East when he takes the helm on Mar. 7. from Business of Fashion https://ift.tt/vqpBueW

BoF compiles the most exciting career opportunities now available on BoF Careers — including jobs from Karla Otto, Zimmermann and Roksanda. from Business of Fashion https://ift.tt/nZ6L9y8

A handful of small boutique jewellery companies have recently been focussing on custom pieces that repurpose gemstones, as shoppers look to redesign jewellery they already own or have inherited. from Business of Fashion https://ift.tt/fWMVgGl

What happened to the most promising brand in American fashion? from Business of Fashion https://ift.tt/pODZ1jw