Fashion World News

The celebrated fashion director and stylist, who is currently editor-in-chief of Dazed, will join a group of creatives overseeing the artistic direction of the brand. from Business of Fashion https://ift.tt/UjpXymc

Join us at The BoF Professional Summit in New York on May 4, 2022 with a line-up of expert speakers sharing their experiences and advice on how brands should think about their metaverse strategies. from Business of Fashion https://ift.tt/K8LAERr

The apparel company has launched an Amazon storefront, where it will start selling about 120 products from its in-house beauty line, VS Beauty, as well as products from its Pink brand. from Business of Fashion https://ift.tt/cY0RBTH

Join us on May 4, 2022 at The Times Center, New York. from Business of Fashion https://ift.tt/5s6Jb4Y

The rare Black editor worked behind the scenes to promote Black talent, but ultimately it was the symbolism of his achievement that meant the most for Black people, writes Jason Campbell. from Business of Fashion https://ift.tt/Y3JAm5O

The Love & Sports line, led by SoulCycle master instructor Stacey Griffith and former Milly designer Michelle Smith, was two years in the making. from Business of Fashion https://ift.tt/xDze8GO

Netflix has laid off a number of staffers and contractors at Tudum, its “official companion site” that features editorial content about the titles on the streaming platform. from Business of Fashion https://ift.tt/S62jko4

Amazon.com Inc. projected sluggish second-quarter sales growth, as the largest online retailer struggles to build off the dramatic gains it made early in the pandemic. The shares plunged about 10 percent in extended trading. from Business of Fashion https://ift.tt/CnxTJME

Shares in the e-commerce company have plunged nearly 70% this year, the worst performance on Canada’s benchmark index, as a broader tech rout, investor skepticism over slowing traffic and the company’s move to build its own distribution network weighed on sentiment. from Business of Fashion https://ift.tt/uEUcBHp

The South Korean beauty conglomerate says its global revenue fell by 9 percent to 1.3 trillion won ($1 billion), with operating profit down 13.4 percent year-on-year to 171.2 billion won. from Business of Fashion https://ift.tt/bLVldc0

Inside Vogue’s strategy for winning over local audiences in Asia after a restructuring that gave Anna Wintour control over global editorial operations. from Business of Fashion https://ift.tt/kxWa8yR

For years, the German sportswear maker lacked a distinct identity. But Puma has found success in multi-brand retail and has gained a foothold in markets where Nike and Adidas aren’t dominant. from Business of Fashion https://ift.tt/1rGMOWA

The Neiman Marcus Group has reinvented its company culture to drive its technological transformation and revolutionise luxury retail experiences. from Business of Fashion https://ift.tt/7Hkyp1x

Facebook parent Meta Platforms Inc shares soared on Wednesday as it reported quarterly daily active users above Wall Street estimates, even as it recorded its slowest revenue growth in a decade. from Business of Fashion https://ift.tt/XTJCH6Y

Indian conglomerate Reliance Industries Ltd. and US buyout firm Apollo Global Management are planning a joint bid for UK high street pharmacy chain Boots, a spokesperson for Apollo confirmed on Wednesday. from Business of Fashion https://ift.tt/DSPluF7

First-quarter sales missed estimates at Gucci. The Italian mega-brand’s uneven pandemic rebound has some investors worried after years of dizzying growth. from Business of Fashion https://ift.tt/6n9tdJU

Brand accelerators like Tomorrow offer cash, shared services and economies of scale. Can the approach turn high-potential young labels into success stories? from Business of Fashion https://ift.tt/9F1AYcO

Dubbed “Oddity Token,” and built on Ethereum blockchain, the digital security will convert to discounted shares in Oddity at the time of an IPO. The token is being offered from Apr. 26 to May 11 and will not be tradeable, so investors will have to hold the token — which is embedded with data and smart contracts — until an IPO. from Business of Fashion https://ift.tt/QeqAmsK

Stokes, who previously served as fashion director at Highsnobiety, will “develop and lead the creative strategy and approach across all the brands” in his new role at Essence Ventures from Business of Fashion https://ift.tt/cSAij4K

Shanghai’s current lockdown will eventually end but a new outbreak in Beijing and no end to the country’s rigid pandemic strategy suggest retail disruptions are likely elsewhere. from Business of Fashion https://ift.tt/Ywim3rQ

The group said Primark has been unable to fully offset the cost pressures it is facing with savings and so will implement selective price increases across some of its Autumn/Winter stock from August. from Business of Fashion https://ift.tt/V7lsjpK

Thom Browne will join this year’s selection committee. from Business of Fashion https://ift.tt/urasewh

Over two years into the pandemic, brands are once again filling calendars with physical events. But their virtual counterparts remain a vital part of their toolbox. from Business of Fashion https://ift.tt/MyglG8U

Norma Kamali has lasted 55 years in fashion by strategically reviving old styles and making them relevant for new customers. The formula requires more than a flip through the archives, though. from Business of Fashion https://ift.tt/GrSRP2o

The launch of the Filipino edition in September will mark a further push into the Southeast Asia region for the magazine. from Business of Fashion https://ift.tt/6o8LcE1

The billionaire entrepreneur used one of the biggest leveraged buyout deals in history to take private the 16-year-old social networking platform that has become a hub of public discourse and a flashpoint in the debate over online free speech. from Business of Fashion https://ift.tt/RhBTyM1

Simon Property Group and Brookfield Asset Management are offering to acquire retailer Kohl’s Corp. in a deal that would be worth more than $8.6 billion, according to a report. from Business of Fashion https://ift.tt/tZp7ASF

The Meta Store will open May 9 in Burlingame, California, and visitors are encouraged to “interact with everything” including the Portal video calling hub, Quest 2 virtual reality goggles and Ray-Ban Stories smart glasses. from Business of Fashion https://ift.tt/dTQlxHS

The direct-to-consumer bra startup will relaunch Kit Undergarments on the ThirdLove website this week, the company announced Monday, Apr. 25. from Business of Fashion https://ift.tt/N3ZsMI4

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

BoF compiles the most exciting career opportunities now available on BoF Careers — including jobs from Ganni, Bloomingdale’s and Maison Margiela. from Business of Fashion https://ift.tt/lC1t3bN

Their mix of technical expertise and digital artistry has put 3D creators, game designers and NFT experts in high demand among fashion brands as they venture further into virtual territories. from Business of Fashion https://ift.tt/GzTSevb

A victory by far-right challenger Le Pen would have thrown French fashion’s international workforce into uncertainty and risked tarnishing ‘brand France.’ from Business of Fashion https://ift.tt/itpzRO6

This week, everyone will be talking about Camille Miceli’s first collection for Pucci and China’s lockdowns. from Business of Fashion https://ift.tt/KMTOzSa

India’s top retailer Reliance on Saturday called off its $3.4 billion deal with Future Group, saying it “cannot be implemented” after Future’s secured creditors rejected it. from Business of Fashion https://ift.tt/BgSKr5t

Marketshare is shrinking, discounts are deepening and the group’s once-powerful grip on the consumer has disintegrated. As a public company, its options are limited. from Business of Fashion https://ift.tt/beuInjJ

The shoes were unveiled after holders of the first co-branded NFT from the companies spent months solving elaborate riddles to unlock it. from Business of Fashion https://ift.tt/ZEUtXWI

The volume of goods sold in stores and online dropped 1.4 percent after falling 0.5 percent in February, the Office for National Statistics said Friday. from Business of Fashion https://ift.tt/QWhajq3

Luxury sneaker brand Golden Goose is investing $1.3 million in an R&D tie-up with Milanese materials manufacturer Coronet. from Business of Fashion https://ift.tt/Tylzexc

The luxury secondhand market is growing fast, but sustaining that growth hinges on players maintaining a steady stream of hot products to sell. from Business of Fashion https://ift.tt/QUnRv28

UK regulators this week announced publicly traded firms must have a minimum number of women and ethnic minorities on their boards. Few fashion companies meet those standards currently. from Business of Fashion https://ift.tt/nvTVEQj

The deal will make the combined entity – which will trade as Brand Collective – one of the top three fashion retail groups in the country with more than 300 locations across Australia and New Zealand. from Business of Fashion https://ift.tt/HPGprJe

Nancy Green, president and chief executive of Gap Inc.-owned Old Navy, will exit the company this week. from Business of Fashion https://ift.tt/86HFBgm

LG Household and Health Care will take a controlling stake of 65 percent in the beauty company for about 148.5 billion won ($120 million) with an option to purchase the remaining stake in five years. from Business of Fashion https://ift.tt/YKQdnaG

With outlets and online discounters set to grow five times faster than full-price channels, luxury brands are hoping to tap the momentum in off-price — ideally without being seen doing so. from Business of Fashion https://ift.tt/5lpeV3M

CreatorIQ’s Conor Begley shares insight on navigating the evolving social media influencer landscape and the key factors driving success toda from Business of Fashion https://ift.tt/JYQUHoK

Hong Kong’s retail landlords are bracing for a further squeeze on the lowest rents in more than a decade as tenants seek relief in the aftermath of the city’s worst Covid outbreak. from Business of Fashion https://ift.tt/YOCD5My

The UK fast fashion retailer also announced 63 job cuts as part of its restructuring efforts, tapping London-based advisory firm Teneo to “find a strategic partner." from Business of Fashion https://ift.tt/N16dnDE

Shopify Inc. is in talks to buy technology startup Deliverr, according to people familiar with the matter, a move that would help the Canadian e-commerce company expand in fulfilment services. from Business of Fashion https://ift.tt/S82MyYi

BoF’s Cathaleen Chen joins chief correspondent Lauren Sherman to unpack the fast fashion giant’s path to its astronomical valuation. from Business of Fashion https://ift.tt/xEpTHUh

The skin care brand never needed celebrity ambassadors before, but working with the A-list singer may be key to winning back Gen-Z. from Business of Fashion https://ift.tt/AfSO6uW

China is set to ratify two international treaties on forced labour amid criticism over its treatment of the Uyghur ethnic minority, which has hindered trade ties with the US and Europe. from Business of Fashion https://ift.tt/jpYza7c

The luxury fashion platform is coming at beauty from all sides — as a marketplace, a retailer and with its own brands, starting with Off-White. from Business of Fashion https://ift.tt/wCQgPxb

The designer staged a festival in the centre of the city’s Chinatown. from Business of Fashion https://ift.tt/qyQgFtx

From altering products to buying materials in bulk, brands and retailers are adapting to a volatile market. from Business of Fashion https://ift.tt/hj3O17y

Cosmetics group L’Oreal beat expectations for first-quarter sales growth on Tuesday, batting away concerns about lockdowns in China and inflation as consumers snapped up high-end beauty products in its key markets. from Business of Fashion https://ift.tt/IkDqrGn

The conglomerate’s beauty arm has formed a partnership with Origin Materials Inc., a California-based company focused on creating packaging and materials with minimal carbon footprint. from Business of Fashion https://ift.tt/BeUNq7P

Italian luxury group Prada posted strong results in the first four months of the year as its US business offset the impact of suspending operations in Russia and coronavirus lockdowns in China, CEO Patrizio Bertelli was quoted as saying. from Business of Fashion https://ift.tt/JongR0A

Reliance Brands Limited (RBL) will take a 51 percent stake in the 35-year-old designer brand, beloved of both Bollywood stars and billionaires, for an undisclosed sum. from Business of Fashion https://ift.tt/N4CPIVx

Vanishingly few big, established brands have appointed Black chief executives, even after two years of theoretically addressing racial injustice. from Business of Fashion https://ift.tt/RD8Ybyg

New regulations are set to make it easier for investors to factor in companies’ environmental footprint when deciding which businesses to back. from Business of Fashion https://ift.tt/39HM1nv

Billionaire Francois Pinault and the other founders of a blank-check firm are buying music-streaming platform Deezer in a deal valued at more than $1 billion. from Business of Fashion https://ift.tt/dyFql2W

High street company Next and a group of investment firms purchased the baby and maternity retailer JoJo Maman Bébé. from Business of Fashion https://ift.tt/mVHlXS9

In the final episode, professor of psychology Sheldon Solomon, Depop’s head of sustainability Justine Porterie, The Fabricant's head of content and strategy Michaela Larosse, and Chloé's chief sustainability officer Aude Vergne join retail futurist Doug Stephens to explore how evolving consumer preferences are manifesting in purchasing decisions. from Business of Fashion https://ift.tt/ytVTuID

Chinese consumption took a hit last month as Covid-19 curbs began to bite, with retail sales declining year-on-year for the first time in two years. from Business of Fashion https://ift.tt/5abdYmJ

BoF compiles the most exciting career opportunities now available on BoF Careers — including jobs from Kering, Acne Studios and Craig Green. from Business of Fashion https://ift.tt/iSMmAqy

Breaking into the $384 billion sports apparel market is no easy task, but fast-growing start-ups are stealing market share by creating specialised, fashion-forward products around underserved interests. from Business of Fashion https://ift.tt/gGBf5tD

Mr Price paid 3.3 billion rand ($225.4 million) for a 70 percent stake in the group, which includes brands SideStep, John Craig and Skipper Bar. from Business of Fashion https://ift.tt/uQ0Hqkd

This week, everyone will be talking about Kering’s first-quarter results and the latest fashion documentary, about the rise and fall of Abercrombie & Fitch. from Business of Fashion https://ift.tt/X1SsfOl

This week, more luxury labels announced shows in far-flung locations. BoF breaks down why brands from Dior to Balenciaga are doubling down on off-piste activations. from Business of Fashion https://ift.tt/R0K9rE7

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

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/rnFtgEb

On this week’s episode of The BoF Podcast, indigenous rights activist Seno Tsuha and social entrepreneur Rebecca Hui discuss a blueprint for respectfully borrowing from other cultures. from Business of Fashion https://ift.tt/e0G7l2Q

The new investment comes as India’s long-time fashion e-commerce leader faces significant challenges from Reliance-owned Ajio and beauty leader Nykaa, which is increasingly expanding into fashion. from Business of Fashion https://ift.tt/MEnrJeA

The Australian bush clothing and footwear brand could soon be making a plant-based version of its famous boots following a $20 million investment in sustainable textile company Natural Fiber Welding. from Business of Fashion https://ift.tt/zvrXibq

As seen in its latest collaboration with skate brand Palace, Calvin Klein’s path forward is focused on highlighting its most successful categories like denim and underwear. from Business of Fashion https://ift.tt/NjfEoL6

Clothing brand Uniqlo’s Japanese owner reported a record half-year profit on Thursday, even as Covid-19 lockdowns in China hampered sales in its biggest overseas market. from Business of Fashion https://ift.tt/BlsmGKV

Hermès International sales jumped in the first quarter as consumers spent more on the company’s ready-to-wear clothing and leather bags. from Business of Fashion https://ift.tt/V6lUSoA

After sexual assault allegations tarnished his brand, the designer is back with a booming business in China, an upcoming show in Los Angeles and a broader strategy. from Business of Fashion https://ift.tt/5kK6dnl

The Prada and LVMH-backed Aura Blockchain Consortium is rolling out a shared solution for brands to distribute NFTs. But leveraging blockchain for issues like fighting counterfeits and tracing materials is still in its early stages. from Business of Fashion https://ift.tt/Ucub15z

The rental platform’s revenue is up from last year — with the number of active subscribers more than doubling — but figures still remain below pre-pandemic levels. from Business of Fashion https://ift.tt/03Pngeb

In this weekly series, BoF’s chief correspondent will go behind the scenes of the $2.5 trillion global fashion industry. from Business of Fashion https://ift.tt/QrO3gnB

New beauty lines gravitate toward “affordable” or “luxury” branding, but often get stuck somewhere in between. Finding a way out of the mushy middle requires a unique product and attention to detail. from Business of Fashion https://ift.tt/nKSvC6R

As well as recycling a quarter of the 22 million tonnes of textile waste accrued each year, the country is looking to produce two million tonnes of recycled fibre annually within the next three years. from Business of Fashion https://ift.tt/3T7Ovgz

The makeup artist’s four-year-old brand, Westman Atelier, is finding an audience alongside much larger competitors in the high-end colour space by appealing to a customer willing to invest in pricier cosmetics. from Business of Fashion https://ift.tt/1CuiDWZ

Zilingo Pte, one of Singapore’s highest-profile startups, has suspended Chief Executive Officer Ankiti Bose after an effort to raise new funding led to questions about the company’s accounting, according to people familiar with the matter. from Business of Fashion https://ift.tt/fh3C8cI

Fashion sales grew by 30 percent in the first quarter, beating expectations, despite a rocky start in the Chinese market, the world’s largest luxury group said. from Business of Fashion https://ift.tt/xahy32f

The Spanish fast fashion retailer will grow its international footprint in the coming years with a focus on the US market. from Business of Fashion https://ift.tt/mvC01Mz

Artificial intelligence is replacing intuition when it comes to determining what shoppers will pay. from Business of Fashion https://ift.tt/oH8kL37

Big music festivals produce a torrent of content for social media, but the fashion is equally as important, as what influencers wear to Coachella can quickly become a big seller in stores worldwide. from Business of Fashion https://ift.tt/qNY7gST

Craftsmanship has become a hot topic in the fashion industry in recent years as luxury brands move to secure their supply chains and underscore the craft credentials that set them apart from more mass market propositions. from Business of Fashion https://ift.tt/q9izYBT

The fast-rising Sequoia China-backed brand, known for clothing, footwear and accessories with inbuilt sun protection, has filed to list on the Hong Kong Stock Exchange. from Business of Fashion https://ift.tt/L96wSnk

Adjunct professor in global digital economy Winston Ma, design and Blockchain expert Marjorie Hernandez de Vogelsteller, and fashion tech lawyer Gina Bibby join founder of Retail Prophet, Doug Stephens, to assess the evolving payment space and behaviour. from Business of Fashion https://ift.tt/jqOt2sw

Birimian Ventures, an investment company launched last year to help African luxury and heritage brands grow their businesses regionally and internationally, has partnered with European asset management firm Trail. from Business of Fashion https://ift.tt/T7lU3ui

BoF compiles the most exciting career opportunities now available on BoF Careers — including jobs from Tommy Hilfiger, Who What Wear and Amiri. from Business of Fashion https://ift.tt/TnrZWBQ

From Rimowa’s new tie-up with Porsche to Mercedes teaming up with Palace, a new wave of fashion-carmaker partnerships is targeting a younger generation of aspirational consumers. from Business of Fashion https://ift.tt/VIgNXZe

Online sales growth is slowing, returning to its pre-pandemic trajectory. As shoppers head back into the store, their new expectations around service set the stage for the next chapter of retail. from Business of Fashion https://ift.tt/AqTxiys

This week, everyone will be talking about LVMH’s latest results, the return of Coachella and an important US inflation gauge. from Business of Fashion https://ift.tt/4VtTnAs

Sri Lanka is facing its worst financial crisis in decades, with foreign exchange reserves shrinking by more than 16 percent to $1.93 billion in March, according to central bank data. from Business of Fashion https://ift.tt/XAKVo1b

The Kering-owned brand’s next presentation, scheduled for May 21, will feature Spring/Summer 2023 womenswear and menswear, according to a company representative. Its last collection was shown in Paris just over one month ago. from Business of Fashion https://ift.tt/pbwOr4c

The writer and disability advocate advises how the fashion industry can uproot ableism and redesign what accessibility looks like. from Business of Fashion https://ift.tt/n0WaRNL

The card will offer WeWoreWhat fans extra perks, testing the bounds of their loyalty to the controversial influencer. from Business of Fashion https://ift.tt/5ypl9XF

The event, on April 30, will be the French luxury brand’s first ever runway show in South Korea. from Business of Fashion https://ift.tt/y7ZVDUg

BoF meets Conor Begley, CSO of CreatorIQ and one of the Tribe Dynamics Co-Founders to discover how businesses can reframe their influencer strategies for success in today’s market. from Business of Fashion https://ift.tt/L0hnBWV

As top luxury brands pull back from wholesale, e-tailers like Mytheresa, Matchesfashion and Net-a-Porter are adding online concession to their business models rather than to lose access to Gucci loafers and Balenciaga hoodies. from Business of Fashion https://ift.tt/T6LCi82

The operator of South Korea’s online resale marketplace for limited-edition sneakers and streetwear said existing shareholders Musinsa, South Korea’s largest multi-brand online fashion retailer, and Dunamu participated in the investment round of 40 billion won. from Business of Fashion https://ift.tt/S1D7Nj6

Following reports that the brand is refusing to sell products to Russians abroad unless they agree not to wear or use them in their home country, some have taken to social media, cutting up Chanel handbags in protest. from Business of Fashion https://ift.tt/eWVAnK3

There may be a better analogy than e-commerce to size up fashion’s metaverse opportunity: will it be more like streaming or 3D movies? from Business of Fashion https://ift.tt/ZvdjfsI

The company's quarterly results beat Wall Street estimates on Wednesday, helped by price increases and strong demand for its jeans, tops and jackets from Business of Fashion https://ift.tt/2vQ4wJL

The serial entrepreneur shared with BoF how Joggy, a line of energy supplements and balms, is using her web3 platform, Try Your Best, to build community and circumvent challenges faced by direct-to-consumer brands, like rising customer-acquisition costs. from Business of Fashion https://ift.tt/sLxb5oF

Liu Qiangdong, also known by the English name Richard Liu, has been replaced as the e-commerce firm’s chief executive by Xu Lei, effective immediately. from Business of Fashion https://ift.tt/it7GPb1

CEO Gildo Zegna has to prove that the company's pivot from power suits to sneakers can continue to drive growth. from Business of Fashion https://ift.tt/Y8KGs91

The US Securities and Exchange Commission (SEC) is investigating how Amazon.com Inc. handled employee disclosures on the use of third-party sellers’ data purportedly to boost its own private-label business, the Wall Street Journal reported on Wednesday. from Business of Fashion https://ift.tt/VRvnq4x