Fashion World News

Retail holding company Xcel Brands has sold a 70 percent stake in the brand to licensing firm WHP Global, which also owns Anne Klein and Joe’s Jeans. from Business of Fashion https://ift.tt/EBdOb4i

The lingerie brand reported net sales of $1.5 billion for the first quarter of 2022, a decrease of 4.5 percent compared to the same period the year prior. from Business of Fashion https://ift.tt/6uDmbnc

He will take over as global chief of OTB’s flagship brand on July 1. from Business of Fashion https://ift.tt/Q4yncDV

The Spanish fragrance giant is taking a majority stake in the Swedish brand known for its crisp, minimalist branding and gender-free perfumes. from Business of Fashion https://ift.tt/EjKk7hI

The Spanish fragrance giant is taking a majority stake in the Swedish brand known for its crisp, minimalist branding and gender-free perfumes. from Business of Fashion https://ift.tt/CLyBJ8o

The private equity firm backed by LVMH and Group Arnault led the $50 million funding round in the Mumbai-based beauty brand. from Business of Fashion https://ift.tt/zWUGhsp

The manufacturer of perfumes including CK One, Flower by Kenzo, and YSL Black Opium will now be controlled by a Dutch health and wellness manufacturer, with combined revenues surpassing sector-leader Givaudan. from Business of Fashion https://ift.tt/WRqZzEj

David Wertheimer will acquire a minority stake in the high-end performance label through his two private equity vehicles Mirabaud Patrimoine Vivant and Mirabaud Private Equity. from Business of Fashion https://ift.tt/9S7j6s2

Efforts to transform the fashion industry in line with global ambitions to curb climate change and establish more responsible business practices by 2030 have yet to gain sufficient momentum, The BoF Sustainability Index 2022 finds. from Business of Fashion https://ift.tt/OS1yliU

The ultra-fast fashion brand has appointed advisory firm Teneo after failing to secure a rescue bid, according to media reports. Missguided and Teneo did not immediately respond to requests for comment. from Business of Fashion https://ift.tt/iVLICrf

The department store group is set to spend $134 million to buy the outlet business outright, from Business of Fashion https://ift.tt/klq6tdU

Sky News reported on Saturday that Authentic Brands has indicated it is willing to pay more than 150 pence per share for the company. At their peak in 2015, shares of Ted Baker were trading at 2,972 pence apiece. from Business of Fashion https://ift.tt/0sWOaft

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/prd4tUN

Gucci and Tiffany are among the brands investing in the Southeast Asian market with an increasingly wealthy and cosmopolitan consumer class. from Business of Fashion https://ift.tt/iBdYgIE

Applying an ‘outside perspective’ to his career in fashion, Ronojoy Dam has worked on digital strategy for Burberry, in marketing at Nike and in creative direction at Dazed before assuming his current role at luxury fashion retailer. from Business of Fashion https://ift.tt/jtBygSU

The lucrative lifestyle supplement, edited by Jo Ellison, is changing its title to the ‘HTSI’ as part of a bid to modernise its image. from Business of Fashion https://ift.tt/WgOlAwy

This week, everyone will be talking about the start of the summer travel season, the potential end of Shanghai’s lockdown and the release of the latest edition of the BoF Sustainability Index. from Business of Fashion https://ift.tt/Z7KweU0

One of the region's biggest department store groups reported Q1 revenues of $457 billion Chilean pesos ($548 million), an increase of 21.7 percent year-on-year. from Business of Fashion https://ift.tt/A13MYSw

Tishman Speyer is redeveloping Rockefeller Center to include posh restaurants and stores from small, buzzy fashion brands, hoping to draw more New Yorkers to the area. from Business of Fashion https://ift.tt/ysDuEpw

The H&M brand is rolling out a suite of new in-store technologies at its US locations to engage shoppers and learn what works. from Business of Fashion https://ift.tt/rdvRagC

The online luxury platform significantly scaled back its expectations for sales in 2022, as the loss of its Russia business and other factors have taken a toll. from Business of Fashion https://ift.tt/RUxEyZu

“Gabrielle Chanel. Fashion Manifesto,” based on the 2020 Palais Galliera exhibition of the same name, is set to open in September 2023. from Business of Fashion https://ift.tt/rsMoPpc

Gap Inc. cut its annual sales and profit forecasts on Thursday, becoming the latest US retailer to come under pressure from soaring costs and poor demand in the face of decades-high inflation. from Business of Fashion https://ift.tt/K5C7klM

After more than a decade of investors pouring money into seemingly any new company, profitable or not, many now look to be pulling back. from Business of Fashion https://ift.tt/6I7twfL

Ted Baker’s underlying pretax loss for the 52 weeks ended Jan. 29 stood at £38.4 million ($48.34 million) compared with a loss of £59.2 million a year ago, with sales in the first quarter of the current year rising 20 percent year-over-year. from Business of Fashion https://ift.tt/MHVeLWC

The purchase of the polarising streetwear label by the same company that backs Martha Stewart and Ben Sherman points to an M&A market in transition. from Business of Fashion https://ift.tt/U6p0Bxw

AI is critical to how the German fashion giant matches millions of customers with the right product in the right fit. from Business of Fashion https://ift.tt/ICiD3xH

Fashion entrepreneurs need a new playbook to launch, scale and differentiate their companies, as regulations and rising costs mean performance marketing can no longer serve the critical role it once did for DTC brands. Finding the right positioning and capturing market share can mean going back to the brand-building basics, as BoF profiles of Gymshark, Hodinkee and Mejuri show. from Business of Fashion https://ift.tt/iRxv1ld

A total of 62 beauty and wellness companies issued a statement Tuesday in support of “Don’t Ban Equality,” a consortium of non-profits that first launched in 2019 in response to growing restrictions to abortion access in certain US states. from Business of Fashion https://ift.tt/TmXqfyc

Across the industry, brands are experimenting in the metaverse by launching NFTs, digital storefronts and virtual products for avatars in worlds like Decentraland and Roblox. from Business of Fashion https://ift.tt/dhvkin3

The department store company acquired the startup back in 2014 for a reported $350 million but failed to make the personal styling service profitable. from Business of Fashion https://ift.tt/mq6bjlF

Exor, the holding company of Italy’s Agnelli family, said on Tuesday it has appointed Axel Dumas, chief executive of French fashion house Hermès, as a non-executive board member, its latest move in the luxury sector. from Business of Fashion https://ift.tt/AEChxKW

Nordstrom Inc. raised its annual profit and revenue forecasts on Tuesday as the upscale retailer counts on demand from affluent consumers to help it overcome decades-high inflation. from Business of Fashion https://ift.tt/oIXdwa1

Weiss, who founded the company in 2014, will lead its board as executive chairwoman. Kyle Leahy, Glossier’s chief commercial officer, will become CEO effective immediately. from Business of Fashion https://ift.tt/HLVYJ7D

With Shanghai set to relax lockdown restrictions on June 1, pent-up demand for domestic travel presents an opportunity for fashion brands willing to explore new destinations. from Business of Fashion https://ift.tt/8Lws2u1

CFO Philippe Blondiaux told BoF that beauty e-commerce sales jumped 32 percent last year, and the brand opened more than 50 standalone cosmetics boutiques as the division reduces its reliance on wholesale partners. from Business of Fashion https://ift.tt/w6JIG7q

The spending power of higher-income customers has stayed unaffected by inflation in prices of essentials, and they are now splurging on fashion as they attend more social events with a broader easing of Covid-19 restrictions across the globe. from Business of Fashion https://ift.tt/eGl14fj

Abercrombie & Fitch Co trimmed its full-year sales forecast on Tuesday as record-high inflation hits demand for the retailer’s jeans, tops and dresses, sending its shares down 18 percent in premarket trade. from Business of Fashion https://ift.tt/QzjFOHg

The French luxury giant plans to open dedicated stores for top-spending clients as rapid growth risks overcrowding the brand’s stores, CFO Philippe Blondiaux revealed. from Business of Fashion https://ift.tt/YrwiJX9

Boohoo said the settlement is without admission of liability and within its existing legal provisions, which stood at 17.8 million pounds ($22.4 million) as of Feb. 28. from Business of Fashion https://ift.tt/iNhbGUK

As travel bounces back after two-plus years of limited trips, fashion-branded hotels have gained fresh momentum. from Business of Fashion https://ift.tt/lawj1ov

Brands are leaning into a data-driven “test-and-learn” approach, and even automating tasks such as reorders, to better match supply with demand and minimise their inventory risks. from Business of Fashion https://ift.tt/35IeOtq

The UK-based activewear brand reported a 54 percent increase in revenue in the year ending July 31 2021. from Business of Fashion https://ift.tt/P7EHotc

BoF compiles the most exciting career opportunities now available on BoF Careers — including jobs from Burberry, Kate Spade and Mytheresa. from Business of Fashion https://ift.tt/REtB9oz

For the first time, brands including Stella McCartney, Balenciaga and Hermès are bringing products made of buzzy mushroom-based materials to market, a critical test for whether the next-generation fabrics could one day hit the mainstream. from Business of Fashion https://ift.tt/jplW5SD

Money is ‘the biggest fetish in the world,’ said designer Demna as he exhibited his skill for bringing provocation to commercial product with a show at the New York Stock Exchange. from Business of Fashion https://ift.tt/vDb6MkP

Money is ‘the biggest fetish in the world,’ said designer Demna as he exhibited his skill for bringing provocation to commercial product with a show at the New York Stock Exchange. from Business of Fashion https://ift.tt/RA5ZVDB

The reality TV clan posted a steady drip of total-look ensembles by the Italian luxury brand during the highly-publicised celebration. from Business of Fashion https://ift.tt/ERdnvFu

This week, everyone will be talking about earnings from Farfetch and Gap Inc., plus the amfAR Gala. from Business of Fashion https://ift.tt/SLJBARy

Ross said it sees the key retail metric of comparable sales falling 2 percent to 4 percent for the year, versus previous guidance of unchanged to a gain of as much as 3 percent. It also trimmed its forecast for earnings per share. from Business of Fashion https://ift.tt/0nY3HDa

Zilingo ousted Bose after an investigation led by an independent forensics firm into complaints of serious financial irregularities, it said in an emailed statement on Friday. from Business of Fashion https://ift.tt/5XzpBef

THG had late on Thursday rebuffed a proposal of 170 pence per share from Belerion Capital and King Street Capital Management, saying it undervalued the company. from Business of Fashion https://ift.tt/D08u4Ug

Dior Men’s artistic director invited Venice, California-based designer Eli Russell Linnetz to build a capsule nostalgic for the early 1990s, but helped him merchandise it for today. from Business of Fashion https://ift.tt/7caY9dO

A tight labour market, the pandemic and renewed emphasis on racial equity and climate change have recast the industry’s desirable jobs and companies. from Business of Fashion https://ift.tt/BJmGqo3

Editor, stylist, musician, furniture designer and now creative director of Off-White — Kamara is a natural successor to the master of multitasking Virgil Abloh. from Business of Fashion https://ift.tt/WDB5wbO

Under Armour Inc said on Wednesday Patrik Frisk would step down from his role as president and chief executive officer, effective June 1. from Business of Fashion https://ift.tt/udhWMlI

Carousell Pte, a Singapore-based online classifieds marketplace operator, has recently ended talks to go public through a merger with blank-check company L Catterton Asia Acquisition Corp. amid market volatility, according to people familiar with the matter. from Business of Fashion https://ift.tt/Vjs4uQp

Discount store operator TJX Cos Inc on Wednesday forecast annual profit above Wall Street estimates after posting upbeat quarterly earnings, as price increases help the T.J. Maxx parent counter a hit from rising costs. from Business of Fashion https://ift.tt/8hpBUNf

Felicia Mayo, Nike’s chief talent, diversity and culture officer since July 2020, will exit the post at the end of this July. from Business of Fashion https://ift.tt/rlB0ZQJ

Garance Doré, one of the original fashion bloggers, is launching a brand that embraces simple, French-inspired beauty routines, in a market where multi-stage regimens are the norm. from Business of Fashion https://ift.tt/TfY9lUy

The British luxury brand confirmed it would no longer use exotic leathers in future collections during its FY22 earnings call Wednesday. from Business of Fashion https://ift.tt/s1W2HhU

CEO Francesca Bellettini breaks down how she worked with designer Anthony Vaccarello to more than double sales in 5 years, leaning into an amped-up take on Parisian glamour, seasonless merchandising and rapid expansion in leather goods. from Business of Fashion https://ift.tt/6YVCrKN

Makeup is now growing twice as fast as skin care as beauty shoppers turn to neon eyeshadows and bold shimmery blushes to create looks inspired by TikTok trends and the Y2K revival. from Business of Fashion https://ift.tt/XPR82r4

The beloved discount department store will return to its iconic location in the Financial District in spring 2023, the company announced Tuesday, Mar. 17. from Business of Fashion https://ift.tt/42MkbWB

Following the private equity giant’s investment in professional hair extensions and beauty product company Beauty Industry Group (BIG) last year, it acquired Bellami Hair, a direct-to-consumer human hair extensions seller. The terms of the deal were not disclosed. from Business of Fashion https://ift.tt/nISQL7g

The resurgence of Covid-19 in the world’s second-largest economy and its strict lockdown regulations have revived online sales demand, helping e-commerce companies return to growth seen during the early stages of the pandemic. from Business of Fashion https://ift.tt/JTLZXRr

The São Paulo-based firm reported net revenue of 8.7 billion reais ($1.7 billion) in the first quarter of 2022, up 6.2 percent year-on-year. from Business of Fashion https://ift.tt/vF3kVPH

The New York-listed company said total revenue in the first quarter of 2022 rose 64.4 percent to $2.9 billion, above analysts’ estimate of $2.76 billion, according to Refinitiv IBES data. from Business of Fashion https://ift.tt/8VvrfU6

Traceability systems powered by tracking software and Big Data will help brands reach far into their supply chains to understand the entire lifecycle of their products. from Business of Fashion https://ift.tt/yHwic8q

The tech giant has become a haven for brands and retailers looking for shelter in a challenging digital advertising market, expanding its already massive reach. from Business of Fashion https://ift.tt/xo5iTkC

Wilkerson Miller will report to Anna Wintour, chief content officer, Condé Nast, and global editorial director, Vogue. from Business of Fashion https://ift.tt/JSoNlad

CEO Steven Kolb will serve as interim chair until the organisation names its next chairperson in the fall. from Business of Fashion https://ift.tt/dIU8oZu

The French brand confirmed a previously hinted-at tie-up with the sportswear giant, posting an image of a tennis court sandwiched between both brand logos on Instagram. from Business of Fashion https://ift.tt/kcrRifm

FLO chairman Mehmet Ziylan said a deal had not been finalised, denying a report in Russian daily Kommersant that the company had already taken over the business. from Business of Fashion https://ift.tt/NsOnhdZ

Lately, the game of attracting very important clients, or VICs, has kicked into high gear, as brands are acutely aware that wealthy shoppers are hungry for both luxury products and elaborate experiences post-Covid. from Business of Fashion https://ift.tt/zK7x93W

BoF compiles the most exciting career opportunities now available on BoF Careers — including jobs from Tory Burch, A-Cold-Wall and Zoï Agency. from Business of Fashion https://ift.tt/62uyoNF

In an exclusive interview, Prada’s future CEO and joint marketing and sustainability chief spoke to BoF about making recycled nylon a reality, why the market isn’t ready for leather alternatives and Prada’s plans in resale. from Business of Fashion https://ift.tt/UyZ5wiO

This week, with luxury in the spotlight, everyone will be talking about Burberry and Richemont's annual results and a strategy presentation by Gucci-owner Kering. from Business of Fashion https://ift.tt/l27aTsi

On this week’s episode of The BoF Podcast, BoF’s Imran Amed quizzes Amy Odell on how she went about biographing the fashion media icon, and the surprising things she learned on the way. from Business of Fashion https://ift.tt/YthVqSN

The stunning Salk Institute in La Jolla, California could have upstaged Nicolas Ghesquière’s latest collection. Instead, it brought it to life. from Business of Fashion https://ift.tt/7gBiMDa

While revenue last year was overall in line with company expectations, what worries Shein’s top executives is that expansion was strong in the first half of the year, but decelerated at a worse-than-expected pace in the second half, with the slowdown continuing into 2022. from Business of Fashion https://ift.tt/4Kzjn3J

From seamless online-to-offline offerings to Metaverse-inspired installations, the standards of brick-and-mortar retail have evolved since the pandemic struck. from Business of Fashion https://ift.tt/vMgQt2i

Demna’s latest campaign, which showcases an extremely tattered version of Balenciaga’s new Paris Sneakers, was met with contention online — which was likely the point. from Business of Fashion https://ift.tt/kS1Yb9d

Please join us on Tuesday, May 17 at 17:00 BST / 12:00 EDT for a #BoFLIVE, based on our latest case study. Chief correspondent Lauren Sherman will be joined by Tomorrow chief executive Stefano Martinetto and Loverboy designer Charles Jeffrey to unpack Tomorrow’s new model. from Business of Fashion https://ift.tt/tZKBN0H

NFTs right now look both like an opportunity fashion brands are just starting to tap and a short-lived fad already entering terminal decline. Which is it? from Business of Fashion https://ift.tt/sGV8cXf

Independent brand Miaou is launching its first plus-size range with model Paloma Elsesser. But the brand needs the help of its wholesale partners to make the effort successful. from Business of Fashion https://ift.tt/C1JDLaR

Far from replacing the personal, face-to-face service at the heart of the luxury shopping experience, new technologies and digital channels are giving brands engaging and creative ways to enhance their customer relationships. from Business of Fashion https://ift.tt/FOrYKf2

OTB's flagship label Diesel is back in the fashion conversation amid a revamp by creative director Glenn Martens, who has overhauled its product offer and brought back the cheeky, transgressive marketing sensibility. from Business of Fashion https://ift.tt/ca3Kuje

BoF shares exclusive insights from its technology summit on the practical opportunities for NFTs in fashion and the current readiness of consumers. from Business of Fashion https://ift.tt/qbG8DXo

Italian luxury shoe maker Tod’s sees analysts’ expectations for 2022 sales and profitability as achievable despite a marked slowdown in China due to widespread Covid-19 restrictions, its finance chief said. from Business of Fashion https://ift.tt/ILAewWB

Prices are surging in some corners of the rough-diamond market, as sanctions on one of the world’s two giant miners ripple through the supply chain. In the past, the industry could turn to behemoth De Beers to crank out extra gems when supply ran tight — but not this time. from Business of Fashion https://ift.tt/Ul7R6VQ

The latest results were down to a more buoyant mood among the country's more affluent “A and B class” consumer demographics among other factors. from Business of Fashion https://ift.tt/8csdp5Y

Former Burberry boss Marco Gobbetti says the brand will race to refresh its products and image to attract Gen-Z clients. from Business of Fashion https://ift.tt/OY0bSur

Hundreds of fashion companies are looking to build their own resale channels, giving rise to a new class of B2B start-ups that aim to help them navigate the nascent industry. from Business of Fashion https://ift.tt/QzYkHMi

Tech investment firm Tiger Global led the round, which also included previous backers such as Bpifrance, an investment fund backed by the French government. from Business of Fashion https://ift.tt/sb0d75G

The British media company, best known in the fashion industry for acquiring the US edition of Marie Claire last year, has purchased the Los Angeles-based fashion and shopping website for an undisclosed sum. from Business of Fashion https://ift.tt/9EqXPs0

Top-tier luxury brands have come roaring out of the pandemic, but the return of experiences, the rising risk of a global downturn and growing ubiquity of widely distributed labels could spell trouble ahead. from Business of Fashion https://ift.tt/lyIGNMt

Dakar’s reputation as a regional fashion hub has persuaded brands like Tommy Hilfiger and Hugo Boss to expand to the capital of the West African nation as it upgrades its retail infrastructure. from Business of Fashion https://ift.tt/HipgEuc

Kristin Savilia, CEO of digital wholesale platform Joor, joins BoF’s Robin Mellery-Pratt to explore how a hybrid approach to wholesale will define and drive industry growth. from Business of Fashion https://ift.tt/Xi3P1M8

The luxury e-commerce platform is set to launch a beauty vertical, and has appointed Jessica Matlin as its director of beauty. from Business of Fashion https://ift.tt/NB3TCv8

Tripolar, a temporary concept store and exhibition organised by a collective of Ukrainian creators working in fashion, design, and the arts opened on Paris’ Boulevard Saint-Germain Monday. from Business of Fashion https://ift.tt/DbO5d8W

Revenue at Coty’s prestige division, that houses cosmetics and fragrances from the Hugo Boss, Gucci and Burberry brands, rose 21 percent to $726.4 million for the third quarter ended March 31. from Business of Fashion https://ift.tt/yh84tNE

BoF compiles the most exciting career opportunities now available on BoF Careers — including jobs from Calvin Klein, Vestiaire Collective and Dr. Barbara Sturm. from Business of Fashion https://ift.tt/UbAHuB4

With the risk of global downturn rising by the day, the fate of luxury brands depends heavily on their positioning, writes Pierre Mallevays. from Business of Fashion https://ift.tt/gcJADTN

The prestige hair care brand is introducing a virtual team member based on an amalgamation of its employees in a bid to double down on its tech-first positioning and give itself a face. from Business of Fashion https://ift.tt/wvAjPU9

This week, everyone will be talking about Meta’s new store and its Ray-Ban smart glasses, plus the selloff in tech stocks that has hurt the prospects of fashion’s unicorns. from Business of Fashion https://ift.tt/Kb1oawc

Dadzie will oversee the human resources, people operations and talent acquisition teams. from Business of Fashion https://ift.tt/HQvuTlR

Shares of Under Armour were down about 3 percent in premarket trading after the company reported bleak quarterly sales. They shed nearly 33 percent this year. from Business of Fashion https://ift.tt/TZjcKF8

Please join us on Tuesday, May 10 at 16:00 BST / 11:00 EDT, as the authors of this special edition of The State of Fashion unpack the technologies shaping the industry. from Business of Fashion https://ift.tt/nRosQAG

First-quarter sales shrank by 3 percent worldwide, to 5.3 billion euros ($5.58 billion), while profit from continuing operations fell 38 percent, to €310 million. from Business of Fashion https://ift.tt/aYZ2FbG

How MetaBirkins creator Mason Rothschild and partner Ericka del Rosario are harnessing web3 to make their fashion boutique more sticky. from Business of Fashion https://ift.tt/lVYjXwD

Meta’s founder and chief executive met up with several power players, according to the evidence on Instagram. from Business of Fashion https://ift.tt/XBilqSk

The camera company-cum-social media platform launched a slew of new tools to help brands create augmented reality products in one click. Millions of users are already buying in. from Business of Fashion https://ift.tt/0p4NBdi