Fashion World News

As menswear sales are now bouncing back, brands have conflicting opinions on where they stand on neckties. Some, like Zegna, are themselves from the accessory while others, like Neiman Marcus and Bonobos, are seeing a necktie resurgence. from Business of Fashion https://ift.tt/5U0wL6v

A new report by the British Fashion Council (BFC) and the MBS Group, a UK-based executive search firm, found that 51 percent of European fashion companies now have a diversity and inclusion strategy but that progress on most of the goals espoused in 2020 remain sluggish. from Business of Fashion https://ift.tt/Hr9ljkY

The brand, which is led by designers Lisi Herrebrugh and Rushemy Botter, will receive €300,000 ($314,365) as well as coaching from Chanel fashion president Bruno Pavlovsky, Instagram’s VP fashion partnerships, Eva Chen, and the senior leadership team at Mytheresa. from Business of Fashion https://ift.tt/T0L3VWj

Image-generating AI programs like Dall-E Mini show how close the technology is to producing credible imitations of designer clothing, a scenario that would have a range of consequences for fashion. from Business of Fashion https://ift.tt/rUbVLiT

The German label will design the AMF1 team wardrobe, providing formal apparel and race wear for its drivers, as well as a travel wardrobe for the entire team. from Business of Fashion https://ift.tt/YhL3ruZ

Private equity firm L Catterton is selling its Danish fashion brand Ganni in a deal that could fetch up to $700 million, two people with knowledge of the situation told Reuters. from Business of Fashion https://ift.tt/sm70ySo

The marketing value of digital fashion and NFTs may now be clear, but fashion brands will need to separate hype from the concrete opportunities to generate sustainable revenue streams from the metaverse. from Business of Fashion https://ift.tt/dJYCgKS

The Hood by Air co-founder has built his own label into a brand New York fashion is rooting for with help from Kerby Jean-Raymond and the incubator he started with Kering. from Business of Fashion https://ift.tt/WQ3bHGJ

With over $200m invested in its technology, and new backing from Farfetch, the Neiman Marcus and Bergdorf Goodman owner seeks to revolutionise luxury experiences through digital innovation. from Business of Fashion https://ift.tt/zr1mwyA

The show includes pieces from the late designer's two decades in fashion, music, architecture and art. from Business of Fashion https://ift.tt/ElZ5uOS

In her new role at the label, the former Dazed editor-in-chief will oversee the brand image as well as global marketing and communications efforts. Burley will remain based in London. from Business of Fashion https://ift.tt/WT38JgG

The vice president of fashion and shopping partnerships at Meta and BoF technology correspondent Marc Bain join Lauren Sherman to discuss the company’s new marketplace — which sells digital items from Thom Browne, Balenciaga and Prada — and the future of fashion on the platform. from Business of Fashion https://ift.tt/DbhPyW4

How is an industry rooted in physical appearance supposed to weigh in on reproductive rights? from Business of Fashion https://ift.tt/TBvc6ME

H&M reported second-quarter earnings that beat analysts’ estimates. from Business of Fashion https://ift.tt/c8o5EzT

Facing a possible recession, private investors are tightening their purse strings. This means fashion and beauty start-ups must preserve cash and undertake creative tactics to secure capital. from Business of Fashion https://ift.tt/jN9T6vy

Geneva, the social messaging platform that combines text, audio and visual tools, has attracted young consumers looking for a community to call home. Brands are helping build those hubs, but how they measure the success of the platform is ambiguous. from Business of Fashion https://ift.tt/ikuOPJw

The former professional MLB baseball, Canadian ​​hockey player and American ballet dancer are launching a new fitness apparel brand, Greatness Wins, together with Chris Riccobono, a co-founder of the menswear brand Untuckit. from Business of Fashion https://ift.tt/zNeKwt3

Walgreens Boots Alliance on Tuesday scrapped the plan to sell its UK high street pharmacy chain, Boots, saying no third party was able to make an adequate offer due to the turmoil in global financial markets. from Business of Fashion https://ift.tt/x3P7eUk

The return of tourists will bolster what has proven to be a more resilient than expected local luxury market attracting the likes of Burberry and Balenciaga during the pandemic. from Business of Fashion https://ift.tt/6hj4bNB

The designer’s showmanship, social-media savvy and ultra-recognisable designs have turned the regionally-inspired label into a global hit. from Business of Fashion https://ift.tt/5w4JIMs

Scores of Western designer labels have quit Russia as part of a backlash against Moscow’s decision to send troops into Ukraine, leaving their domestic competitors to take centre-stage. from Business of Fashion https://ift.tt/4SQBVha

Nike Inc beat analysts’ estimates for quarterly revenue on Monday, benefiting from strong demand for its athletic apparel and sneakers in North America and Europe. from Business of Fashion https://ift.tt/HORcqBm

The organisation will “pause the consumer facing transparency programme globally” as it works with regulators and consumer agencies “to better understand how to substantiate product level claims with trusted and credible data,” chief executive Amina Razvi said in a statement. from Business of Fashion https://ift.tt/63K7jug

Italy’s Leonardo Del Vecchio, who rose from childhood poverty to build the eyewear empire that owns brands such as Ray-Ban and Oakley, has died at the age of 87, his company said on Monday. from Business of Fashion https://ift.tt/tTAHL8E

From Rick Owens to Givenchy, Paris fashion week was a study in contrasts, reports Angelo Flaccavento. from Business of Fashion https://ift.tt/XQwP0El

Designer Marc Jacobs, CEO Eric Marechalle and LVMH Fashion Group boss Sidney Toledano speak exclusively to BoF about what it took to get the brand back on track. from Business of Fashion https://ift.tt/yfAaQI2

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

Big brands are buying more recycled polyester, better cotton and responsible leather than ever. But progress is precarious and more radical action is needed to really transform the industry’s supply chains, a new report from Textile Exchange finds. from Business of Fashion https://ift.tt/jTcYgIq

This week, everyone will be talking about labour talks at US West Coast ports, and Nike’s outlook. from Business of Fashion https://ift.tt/XNfWFqu

Store vacancy levels on Regent Street are almost twice what they were at the end of 2019, while asking rents for the best space on the street have fallen by more than 30 percent during the pandemic, according to Savills Plc. from Business of Fashion https://ift.tt/ZvT0BdL

A-lister celebrities including supermodel Naomi Campbell, Hollywood couple Justin Timberlake and Jessica Biel, ex-soccer star David Beckham, and rival designers Olivier Rousteing of Balmain and Matthew Williams from Givenchy, sat on real grass, along with the rest of the guests, surrounded by wildflowers. from Business of Fashion https://ift.tt/4w2VuMW

The Supreme Court decision to overturn Roe v. Wade reverses a half century’s-old ruling and ignites fury among activists in fashion. from Business of Fashion https://ift.tt/4tHVjC6

This week, Meta began selling low-cost digital outfits by Balenciaga, Prada and Thom Browne, sparking a debate on how virtual fashion fits into the luxury business model. from Business of Fashion https://ift.tt/adSlqiU

Curbs to stop the virus in Shanghai, China’s fashion capital, ground the city of 25 million to a halt in April and May, leaving clothing and beauty product displays in stores untouched and containers of imported apparel stranded at port. from Business of Fashion https://ift.tt/hISEMU2

A stringent US ban on imports from China’s Xinjiang region that came into effect this week ratchets up the pressure on companies to prove their supply chains are free of forced labour. from Business of Fashion https://ift.tt/r6XnFVN

The German e-tailer’s shares tumbled the most in more than three years after Europe’s largest online retailer slashed its profit forecast, blaming worse-than-anticipated macroeconomic conditions. from Business of Fashion https://ift.tt/8YVJBo5

The UK-based fast-fashion retailer announced that Shaun McCabe will succeed Neil Catto as the company’s chief financial officer, in a regulatory statement Tuesday. from Business of Fashion https://ift.tt/ldKsEnp

Some see the crypto downturn as a way to weed out weak projects, chase away the speculators and clear the way for builders who see web3’s long-term value. from Business of Fashion https://ift.tt/rQ8GbRf

The luxury house will debut its next Métiers D’art collection with a show in the West African country’s capital Dakar on Dec. 6. from Business of Fashion https://ift.tt/4k2u5VZ

Nike said on March 3 it would temporarily suspend operations at all its Nike-owned and -operated stores in Russia in response to Moscow’s actions in Ukraine, adding that those still open were operated by independent partners. from Business of Fashion https://ift.tt/AGkcyjP

The money has been earmarked for international expansion and a further shift into the digital fashion realm, it said on Tuesday. from Business of Fashion https://ift.tt/3c0i4GM

Brands that have yet to tap technology like AI and Big Data to integrate their value chains from end to end are missing out on an opportunity to boost efficiency and profitability. from Business of Fashion https://ift.tt/z9ZEWi5

The low-key Swedish luxury label built a $285 million business trading in effortless, understated cool. After growth stalled during the pandemic, the brand is shaking up its retail and marketing strategies in a bid to regain consumers’ attention and reinvigorate sales. from Business of Fashion https://ift.tt/s3T1eny

The luxury department store has delayed its famed summer sale as the new season’s goods have been caught up in global supply-chain snags, according to managing director Michael Ward. from Business of Fashion https://ift.tt/IFox8rc

The livestreaming partnership generated over 68 million views of the event hashtag on the TikTok sister app. from Business of Fashion https://ift.tt/oIx7DCY

Britain’s JD Sports Fashion on Wednesday said independent probes and a governance review into its regulatory issues stressed on the need to bolster the board and improve internal controls. from Business of Fashion https://ift.tt/q3yNwVr

Alo Yoga, a yoga-wear and accessories brand, is allowing its corporate employees to convert part or all of their checks to crypto and will accept the currency on its e-commerce site, too. from Business of Fashion https://ift.tt/81NhK2W

High-profile athletes used to make money by inking licensing deals with retailers that use their names on jerseys and shorts. Today, sports stars like Russell Westbrook and Megan Rapinoe are launching their own labels, with full financial and creative control. from Business of Fashion https://ift.tt/hkrdMIw

The art star known for turning pop culture icons into archaeological relics has issued much-hyped collaborations with Dior, Rimowa, Tiffany, Adidas, Uniqlo and more. Now he’s launching a label of his own: Objects IV Life. from Business of Fashion https://ift.tt/GMDkEy1

LVMH vet Parker Gundersen will succeed co-founders Christiaan Ashworth and John Parker, who remain on the board of directors. from Business of Fashion https://ift.tt/8hWoMJk

Hailey Bieber’s Rhode Skin brand — which launched June 15 to much fanfare — is being sued by the fashion label Rhode, which was founded in 2014 by Purna Khatu and Phoebe Vickers and is carried by retailers such as Net-a-Porter and Bergdorf Goodman. from Business of Fashion https://ift.tt/hzXJeQW

The financial terms of the deal between one of the world’s largest producers of intimate apparel and the private equity firm were not disclosed. from Business of Fashion https://ift.tt/UihVESp

Pellicano group CEO and creative director Marie-Louise Sciò has turned her family’s hospitality business into a name with international caché, partnering with the likes of Birkenstock and Matchesfashion. Now, the group is an attractive acquisition target. from Business of Fashion https://ift.tt/Kl6JrL1

The men’s fashion week that closed yesterday traced a path from rags to riches and back again, reports Angelo Flaccavento. from Business of Fashion https://ift.tt/JoKC0Gb

Pellicano group CEO and creative director Marie-Louise Sciò has turned her family’s hospitality business into a name with international caché, partnering with the likes of Birkenstock and Matchesfashion. Now, the group is an attractive acquisition target. from Business of Fashion https://ift.tt/7vJTioe

After a hard pivot to e-commerce during the pandemic, many brands are back to working with retailers. This time, they say the terms have changed in their favour. from Business of Fashion https://ift.tt/8ufSJ3b

Styles, who has become well-known for his adventurous, nostalgic and often gender-bending looks, has frequently worn Gucci for his public appearances since Michele took the helm of the brand in 2015. Styles has also starred in the brands’ campaigns. from Business of Fashion https://ift.tt/mvxIzK6

Co-founder Dhruv Kapoor on Sunday proposed a management buyout to the Singapore-based company’s board. from Business of Fashion https://ift.tt/32CbF7g

Total sales by China’s e-commerce giant JD.com rose 10.3 percent over the 18 days to Sunday during the first major shopping festival since a recent Covid-19 outbreak, the company said, sharply down from the 2021 event’s growth of 27.7 percent. from Business of Fashion https://ift.tt/MPW5uvd

The group said revenue for its third quarter to May 28 increased by 32 percent. from Business of Fashion https://ift.tt/bcjLpqU

Vloggers shot the beauty industry to new heights. But years of non-stop content creation has left many of YouTube’s biggest names burnt out and looking to new avenues. from Business of Fashion https://ift.tt/DO9N2wZ

The fashion industry hates those annoying clothing labels as much as you do. from Business of Fashion https://ift.tt/d7Y84ab

BoF compiles the most exciting career opportunities now available on BoF Careers — including jobs from Farfetch, Tiffany & Co. and British Fashion Council. from Business of Fashion https://ift.tt/oL0UueR

This week, everyone will be talking about the men’s shows in Milan and Paris, plus a big NFT conference in New York. from Business of Fashion https://ift.tt/hRkAb6H

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/2yhgkCx

Zalando’s acquisition of Highsnobiety is just the latest in a spate of deals in which a company seeking relevance snapped up a smaller, hipper entity in the hopes of reaching a savvier, often younger, consumer. But does chasing cool ever work? from Business of Fashion https://ift.tt/XxyIK0Z

The months-long closure of cities like Shanghai has caused a fundamental shift in how people spend their money, according to Xin Lijun, chief executive officer of JD Retail. from Business of Fashion https://ift.tt/bm5TQ2J

For years, luxury’s biggest jewellers have dismissed synthetic diamonds as inauthentic. But an investment by LVMH’s venture fund in lab-grown diamond company Lusix suggests this calculus may be changing alongside consumer interest in ethical and sustainable products. from Business of Fashion https://ift.tt/nc7KPha

The Norwegian Consumer Authority has ruled Norrøna cannot use data from the Higg Index to back up environmental claims, dealing a blow to the industry rating tool amid a broader crackdown on greenwashing. from Business of Fashion https://ift.tt/eh87Js6

It was a slow decline for the 90-year-old company, which was found itself crippled by massive debt, a pandemic, supply chain issues and growing competition from start-up brands changing beauty ideals and culture. from Business of Fashion https://ift.tt/NDvwqVa

The companies are suing eight Amazon sellers and an individual operating with the handle Phym9y3v on social media for peddling fake Cartier goods on the e-commerce giant’s platform. from Business of Fashion https://ift.tt/cUS6Nbo

The French luxury goods giant was on a “very good track” regarding its performance for the first six months of the year. from Business of Fashion https://ift.tt/b3FnKrx

The nail polish and lipstick maker, controlled by billionaire Ron Perelman’s MacAndrews & Forbes, listed assets and liabilities between $1 billion and $10 billion, according to a filing with the US Bankruptcy Court for the Southern District of New York. from Business of Fashion https://ift.tt/1SLsmYp

The world’s biggest PR firm and consultancy tapped the gender-fluid designer Harris Reed to help lead its “Gen Z Lab,” part-consultancy, part-data hub, to better understand the next generation of consumers. from Business of Fashion https://ift.tt/o01R3wk

Luxury brands and startups are making apparel for fast-growing sports like pickleball, rugby, skiing and boxing. from Business of Fashion https://ift.tt/4mJnyiD

Capital is flowing into technologies that make fashion commerce more nimble, more sustainable and more engaging to shoppers — and, of course, the metaverse. from Business of Fashion https://ift.tt/28Xncmu

‘I do not like timeless,’ said the Belgian designer, whose freshly opened retrospective highlights a body of work that is both of its time and completely modern. What does that spell for her brand’s reboot under Claudio Antonioli? from Business of Fashion https://ift.tt/DeAZBwu

The brand said on social media platform WeChat that it would open a store “in June” at Jingjiang Impression City shopping centre in Taizhou, a third-tier city in the eastern province of Jiangsu, which neighbours Shanghai. from Business of Fashion https://ift.tt/iyWMPTH

The longtime Dior CEO and current leader of LVMH Fashion Group will oversee the leading French fashion school. from Business of Fashion https://ift.tt/mGcuaBV

Online cosmetics retailer Purplle raised capital at a $1.1 billion valuation, becoming the second billion-dollar company to be created in India this week despite souring investor sentiment on start-ups. from Business of Fashion https://ift.tt/5BX9bdS

Net sales were up 17 percent year-on-year, or 12 percent when measured in local currencies, at 54.5 billion crowns ($5.4 billion) in its fiscal second quarter, the Swedish company said in a statement on Wednesday. from Business of Fashion https://ift.tt/yvAJdpN

Dozens of companies hired diversity leaders in the last two years, but executives who take these roles are often overworked and under-resourced. from Business of Fashion https://ift.tt/RZGkagx

Amid rising competition for online eyeballs, the Alphabet-owned video app will host its second Beauty Festival this week to reassert itself as a hub for beauty creators. from Business of Fashion https://ift.tt/2rZkvu5

Other Inditex brands, Massimo Dutti and Pull&Bear, were also available on Wildberries, which said it would continue offering such goods to Russian consumers. from Business of Fashion https://ift.tt/YErx6fm

The European Commission, which did not name the companies nor the countries in which it conducted the dawn raids, said the firms may have violated EU cartel rules against restrictive business practices, which include price-fixing. from Business of Fashion https://ift.tt/AL1xY7R

Alexis Nasard, former CEO of the shoemaker Bata, will lead the Austrian crystal-maker as it transitions from “a family-managed to a family-owned company.” from Business of Fashion https://ift.tt/FvW12wQ

The longtime Dior CEO and current leader of LVMH Fashion Group will oversee the leading French fashion school. from Business of Fashion https://ift.tt/BA8IP0r

The market may be cooling, but a number of in-demand brands remain of interest to financial backers. BoF identifies the top targets. from Business of Fashion https://ift.tt/X9i5sUP

PayPal-owned returns software and reverse logistics business Happy Returns localises drop-off and aggregates shipping to optimise customer experience and sustainable returns for customers like Everlane and Gymshark. from Business of Fashion https://ift.tt/Fm04dHa

Russian shopping malls are “de-energised” following the exodus of Western brands, the son of one of Russia’s most prominent property developers was quoted as saying on Monday. from Business of Fashion https://ift.tt/GXyk1EL

The London-based menswear designer was awarded £150,000 ($188,000) to invest in business development for his namesake brand. from Business of Fashion https://ift.tt/SKjvTWR

Gucci, Balenciaga, Farfetch and others are adopting crypto payments. But before brands follow, they need to consider a number of factors, from how to handle transactions to the risks involved. from Business of Fashion https://ift.tt/gVfFI1z

Puma tops The BoF Sustainability Index 2022, but Skechers, Fila Holdings and Anta Sports all rank in the assessment’s bottom five. from Business of Fashion https://ift.tt/7LZyDqC

KCD promoted Alexis Arnault, who has worked as managing director of media relations since 2017, to partner. from Business of Fashion https://ift.tt/TMs7PfD

BoF compiles the most exciting career opportunities now available on BoF Careers — including jobs from PVH, Zalando and Issey Miyake. from Business of Fashion https://ift.tt/ZcRFnas

Concerns are growing that the boom in short-term financing that has fuelled apparel sales is saddling a growing number of vulnerable shoppers with debt they can’t pay. But the concept can still benefit brands, lenders and consumers, with a few key changes. from Business of Fashion https://ift.tt/WY9dOVU

This week, everyone will be talking about men’s fashion shows in London, Florence and Milan and trading updates from Boohoo and H&M Group. from Business of Fashion https://ift.tt/QkEAwzX

Revlon’s shares plunged 53 percent, the biggest one-day drop on record, on Friday to close at $2.05. from Business of Fashion https://ift.tt/QEFmjHo

Lime Crime’s decision to move out of prestige amid the highest inflation levels in decades bucks industry trends, but the company sees it has a necessary step in its rebranding. from Business of Fashion https://ift.tt/84I2MXF

From voguing balls to top fashion competitions, young Londoner Saul Nash has been taking home trophies. Who better than a dancer to understand clothes that need to move? from Business of Fashion https://ift.tt/F8aPM2W

For most of its first two decades, Farm Rio was little known outside its native Brazil. But since entering the US in 2019, the dressmaker has made a splash in contemporary womenswear, with sales reaching $50 million in its new market last year. Next up: Europe. from Business of Fashion https://ift.tt/RegmK7o

Stitch Fix Inc. said on Thursday it is reducing its workforce by around 15 percent of salaried positions, as the online personalised styling service firm aims to return to profitability. from Business of Fashion https://ift.tt/VvPdsue

With its funds doubling to $1.2 billion, the venture-capital firm is searching for the next wave of companies that will enable consumers’ increasingly digital lifestyles. from Business of Fashion https://ift.tt/jyJzG32

Apollo Global Management Inc. is in talks to provide up to $2 billion in debt financing for the potential acquisition of department store chain Kohl’s Corp by retail store operator Franchise Group, a person familiar with the matter said. from Business of Fashion https://ift.tt/T9P8wXz

Rimowa produced an aviation-themed campaign to mark the product re-release, which includes still images as well as four films shot in the European Transonic wind tunnel located in Cologne, Germany. from Business of Fashion https://ift.tt/zUsED0K

The group said it would grow the label’s retail network worldwide, including a deeper push into the US. from Business of Fashion https://ift.tt/B0Gz3fY

Spanish materials supplier, Recover, which counts Zara-owner Inditex and Revolve as clients, raised $100 million as it targets growth amid mounting demand for recycled fibres. from Business of Fashion https://ift.tt/6FksUQW

Rimowa produced an aviation-themed campaign to mark the product re-release, which includes still images as well as four films shot in the European Transonic wind tunnel located in Cologne, Germany. from Business of Fashion https://ift.tt/bZn2OcI

In-store mobile apps and micro-fulfilment tech can address consumer pain points and enable companies to incorporate their physical retail networks into omnichannel shopping journeys. from Business of Fashion https://ift.tt/1wtRyzu

Concerns are growing that the boom in short-term financing that has fuelled apparel sales is saddling a growing number of vulnerable shoppers with debt they can’t pay. But the concept can still benefit brands, lenders and consumers, with a few key changes. from Business of Fashion https://ift.tt/vw5l42B

French luxury group Kering aims to double sales at its smaller, fast-growing fashion brand Yves Saint Laurent to 5 billion euros ($5.36 billion) in the medium term, it said in slides after the first day of an investor presentation on Wednesday. from Business of Fashion https://ift.tt/29QgdvB

H&M Group and Lululemon are among the lead donors to a $250 million fund, which is designed to de-risk and scale high-impact projects so they can attract more conventional forms of financing. from Business of Fashion https://ift.tt/EJ4CYut

Net profit for the February-April quarter rose to €760 million ($812.06 million), in line with analysts’ expectations as the company surpassed pre-pandemic levels while its gross margin hit a 10-year high, the company said. from Business of Fashion https://ift.tt/QUgWOFj