Fashion World News

This year the hit reality series was sponsored by resale site eBay, a move celebrated as promoting more responsible consumption. But the show is still a huge marketing opportunity for fast-fashion brands. from Business of Fashion https://ift.tt/LX4eEwz

The fragrance’s success runs deeper than the current interest in Johnny Depp. LVMH’s hefty investments in advertising, retail, and a full range of Sauvage-scented products have helped dethrone even the top women's scents. from Business of Fashion https://ift.tt/NpVfO9T

This week, back-to-school shopping peaks in the US, and retailers are betting parents will spend big despite the slowing economy. They’ve been wrong before though. Plus, BoF tells you what else to watch for in the coming week. from Business of Fashion https://ift.tt/AR6vync

The supply of trophy watches such as the Rolex Daytona or Patek Nautilus 5711A “is now much larger,” online-watch trading platform Chrono24 said in an emailed statement. from Business of Fashion https://ift.tt/xFAM0op

The maker of Oakley and Ray-Ban sunglasses said its adjusted operating margin rose by 100 basis points to 18.4 percent in the six months to June 30. from Business of Fashion https://ift.tt/zIfHyMg

The Competition and Markets Authority said it opened an investigation into the three fashion brands “to scrutinise their ‘green’ claims,” saying it’s concerned that clothes, footwear and accessories are being marketed as eco-friendly with language that seems too vague and misleading. from Business of Fashion https://ift.tt/6304c5a

The French company’s shares soared as much as 8.5 percent after it said its recurring operating margin reached a historical high of 42 percent, up from 41 percent a year earlier. from Business of Fashion https://ift.tt/6xq0Ecy

The star designer and ‘lifelong refugee’ will receive BoF’s highest honour at our annual gathering for big thinkers for the way he has used his bold creative vision to highlight socio-political issues and support marginalised people. from Business of Fashion https://ift.tt/H8ZWTXx

Nike Inc. will join some of the biggest US employers and release data on the recruitment and promotion rates of under-represented groups by the end of 2024. from Business of Fashion https://ift.tt/mjn7dGV

Join us on Wednesday, July 27 at 16:00 BST / 11:00 EDT for #BoFLIVE as report author Cathaleen Chen, along with Loeffler Randall cofounder Brian Murphy and Vanguards Group wholesale director Domi Szabó to identify how brands are using their newfound leverage to negotiate better terms with retailers, and how that relationship is more collaborative than ever. from Business of Fashion https://ift.tt/3SKXAUr

Unibail said its first-half reported AREPS, up 53.1 percent year-on-year, was mostly driven by retail operation performance, including the end of Covid-19 rent relief, lower doubtful debtors with improved rent collection, and higher variable income. from Business of Fashion https://ift.tt/r5h4mxZ

Elle UK’s new editor in chief Kenya Hunt lays out her vision for the Hearst-owned British magazine: inclusive, intellectual, but still having fun with fashion. from Business of Fashion https://ift.tt/xzJ9qrA

Fashion workers worried about their jobs amid an economic downturn should watch for warning signs and look for ways to transition their role to avoid the worst impact. from Business of Fashion https://ift.tt/q9aH7yM

Despite slowdowns in China, sales rose 46 percent at the Italian luxury group, driven by growth in the US and Europe. Revenue was up 48 percent year-on-year, reaching 918.4 million euros ($929.9 million). from Business of Fashion https://ift.tt/agIN5ft

Gucci continues to suffer from repeated Covid-19 lockdowns in China, where Kering SA’s biggest brand has a greater exposure than other luxury labels. from Business of Fashion https://ift.tt/i9xJEeY

Kim Kardashian’s ‘solution wear’ line was recently valued at $3.2 billion. BoF correspondent Alexandra Mondalek charts the rise of the brand, and details what challenges lie ahead. from Business of Fashion https://ift.tt/kNiWP0e

The garments industry accounts for more than 80 percent of total exports for Bangladesh, which on Sunday became the third South Asian country after Pakistan and Sri Lanka to seek a loan from the International Monetary Fund as its foreign exchange reserves shrank and the trade deficit jumped. from Business of Fashion https://ift.tt/85JBLIh

LONDON, United Kingdom - Just a few years ago, the concept of Ethical Luxury was dismissed by major luxury brands. Products based on environmental from Business of Fashion https://ift.tt/twbHFDv

Above all, the French conglomerate benefits from the sheer scale of its core megabrand Louis Vuitton, setting in motion a virtuous cycle that powers profit generation, writes Luca Solca. from Business of Fashion https://ift.tt/l7ECzTU

In its latest report, BoF Insights unpacks the dynamics that are fast reshaping what, why and how consumers buy designer bags and small leather goods. from Business of Fashion https://ift.tt/GmSJvsn

The US edition of the magazine released a digital cover featuring Olena Zelenska on its Instagram page as part of a spread photographed by Annie Leibovitz, titled “Portrait of Bravery: Ukraine’s First Lady Olena Zelenska,” which is set to appear in its October print issue. Zelenska and her husband, president Volodymyr Zelenskyy, spoke to Vogue about their relationship, the war and Ukraine’s future. from Business of Fashion https://ift.tt/2B4nSea

Adidas AG issued a profit warning after its sales were hit by lockdowns and consumer boycotts in China, offsetting strong momentum in its key western markets. from Business of Fashion https://ift.tt/vUBOJ6S

The beauty company that defined the look and the business model for countless digital brands just signed its first major wholesale deal. The direct-to-consumer golden age is officially over. from Business of Fashion https://ift.tt/hXHvR6J

THG said the option arrangement was terminated by mutual agreement, according to a statement Tuesday. from Business of Fashion https://ift.tt/08lvoGi

Barnabé Fillion, the multi-disciplinary aesthete behind scents from Aesop and Rick Owens, is using innovative ingredients and tie-ups with the worlds of art and music to fuel his own high-end fragrance venture, Arpa. from Business of Fashion https://ift.tt/8eWlsb4

The direct-to-consumer intimates brand will be stocked in 25 Urban Outfitters stores and on its website starting Aug. 1, the company announced Monday. It marks Parade’s first partnership with a third-party retailer. from Business of Fashion https://ift.tt/CamS7WF

H&M’s decision to permanently close its Russian stores is a signal that fashion brands can no longer take a wait-and-see approach to the war in Ukraine. from Business of Fashion https://ift.tt/PjBLW4e

Burberry and JW Anderson will return to the calendar, while Victoria Beckham decamps to Paris. from Business of Fashion https://ift.tt/RIUVlfF

With its new menswear collection under creative director Brendon Babenzien, the retailer has its best shot in years at returning to the fashion zeitgeist. from Business of Fashion https://ift.tt/MX1WCkV

While some current shareholders in the private company are considering cashing out ahead of a future initial public offering, the valuation spread between buyers and sellers remains a hurdle to any trade, the people said, asking not to be identified because the matter is private. from Business of Fashion https://ift.tt/fgu4IA7

In the post-Covid era, retailers who rethink their supply chains will lower their exposure to risk and unlock profound competitive advantage, argues Doug Stephens. from Business of Fashion https://ift.tt/HaOGFhV

BoF compiles the most exciting career opportunities now available on BoF Careers — including jobs from Mytheresa, Gabriela Hearst and Figs. from Business of Fashion https://ift.tt/F8O5oTX

Check out this week’s new partner and openings on BoF Careers, the global marketplace for fashion talent. from Business of Fashion https://ift.tt/1dy5A92

This week, luxury’s biggest brands must demonstrate they have a plan to navigate China’s Covid Zero policy, a tumultuous global economy, the crypto crash and more. Plus, BoF tells you what else to watch for in the coming week. from Business of Fashion https://ift.tt/Q80L7Jc

Louis Vuitton, Prada and Valentino have adapted core brand signifiers to project sustainability efforts to consumers. The move blends conspicuous consumption and virtue signalling, but it’s also a sign of real change. from Business of Fashion https://ift.tt/ZYr670R

The last major downturn in 2008 was a huge setback for an emerging movement. But this time, shifts in both consumer and business culture mean things are likely to be different. from Business of Fashion https://ift.tt/3U8obnM

Fresh off a collaboration with Marc Jacobs sub-brand Heaven, designers Cherry and Home Phuangfueang have attracted early interest from retailers for their fuzzy graphic knits. from Business of Fashion https://ift.tt/FUfPBLe

The publication, which also created its first ready-to-wear line in 2018, will open its first stand-alone retail space on Saturday, July 23, at 11 am CET. from Business of Fashion https://ift.tt/Zy0qEKb

The French billionaire is turning Agache, his family holding company, into a joint-stock partnership to guarantee its ‘control over the LVMH group will be maintained over the long term,’ according to a statement. from Business of Fashion https://ift.tt/qrg1J8K

Clothes from the collaboration between Gap and rapper Kanye West went on sale in a physical Gap store for the first time today, in a blacked out space where clothes were piled into plastic bags. from Business of Fashion https://ift.tt/l5TrR6w

Users are complaining about ads and suggested posts as TikTok draws ever more users, threatening Instagram’s fashion supremacy. from Business of Fashion https://ift.tt/uNyEm6c

The PR, marketing and events firm, which Adam Shapiro founded in 2016, operates in London and represents brands including Lora Piana, Carolina Herrera and Etro. from Business of Fashion https://ift.tt/EsugbdL

The company, owner of Sports Direct, forecast adjusted profit before tax of £450 million to £500 million ($600 million) for the next financial year. from Business of Fashion https://ift.tt/5eMXQuB

BoF's Daniel-Yaw Miller unpacks why — and how — sports stars including Russell Westbrook and Megan Rapinoe are running their own labels, with full financial and creative control. from Business of Fashion https://ift.tt/nRNbfku

BoF's Daniel-Yaw Miller unpacks why — and how — sports stars including Russell Westbrook and Megan Rapinoe are running their own labels, with full financial and creative control. from Business of Fashion https://ift.tt/rRdEPIl

With the launch of AF94, Halsey now operates two makeup brands. But star power alone won’t ensure success for a diffusion label, a notoriously tricky concept to pull off in beauty. from Business of Fashion https://ift.tt/0fziPTp

The National Company Law Tribunal on Wednesday gave its verdict on a petition by Bank of India to start bankruptcy resolution process for the cash-strapped retailer. from Business of Fashion https://ift.tt/6Ct9Pvo

Working with sustainability consultancy Quantis, the three online fashion retailers will offer a free service to help brands they stock measure greenhouse emissions, set reduction targets and submit them to the Science Based Targets initiative (SBTi) for approval. from Business of Fashion https://ift.tt/0zAsSpB

Bluebell proposed that Francesco Trapani, who led the Bulgari jewellery brand for nearly three decades until 2011 and was a founding partner of Bluebell in 2019, join Richemont’s board to represent its A-class shares, according to a letter dated July 14 sent to the company and seen by Bloomberg News. from Business of Fashion https://ift.tt/g8Hzbev

The closely-held Italian fashion giant reported consolidated revenues of over €2 billion for 2021, meeting its rebound target a year earlier than owner and CEO Giorgio Armani had forecast. from Business of Fashion https://ift.tt/kTwKfLF

Read the latest BoF Insights report to get BoF’s perspective on designer bags and small leather goods, covering key competitive shifts, including what, why and how consumers buy in the US and China, the category’s biggest markets. from Business of Fashion https://ift.tt/JNeY6Bk

The long-term fundamentals of the all-important China market remain strong but short-term economic headwinds mean luxury brands could face a challenging year ahead. from Business of Fashion https://ift.tt/uli2h7A

Stuart Hill, Farfetch’s senior vice president of logistics since four years, will join MatchesFashion as chief operating officer in September. from Business of Fashion https://ift.tt/iFayOED

The United States’ Uyghur Forced Labor Prevention Act (UFLPA) took effect last month to cut US imports of products from Xinjiang, where Washington accuses China of committing genocide against ethnic Uyghurs and other Muslims, and herding them into camps. from Business of Fashion https://ift.tt/UDuRL1B

The conclusion of a 22-year legal battle opens the way for the British brand to trade across the country for the first time since 1999 after the The Supreme People’s Court of China ordered the invalidation of an unlawful trademark registration. from Business of Fashion https://ift.tt/wbyNv3z

It’s still an employee’s labour market, but recession fears are adding new challenges to pay negotiations for retail and fashion job candidates looking to increase their salaries. from Business of Fashion https://ift.tt/c4x20O7

A combination of shipping delays and misjudging consumer demand has caused stockpiles to come roaring back. Retailers are using discounts and more creative measures to bring them back down. from Business of Fashion https://ift.tt/9GHq0ux

The world’s second-biggest fashion retailer said on Monday it had decided to wind down its business in Russia, joining a growing list of companies fully exiting the country and sending its shares down 1 percent. from Business of Fashion https://ift.tt/6VoHO3v

BoF compiles the most exciting career opportunities now available on BoF Careers — including jobs from The Business of Fashion, Burberry and Alaïa. from Business of Fashion https://ift.tt/jDUNEH6

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/EFcBOJI

AF94, the musician’s second beauty label which launches at Walmart this week, targets Gen-Z and will sell for $10 and under. from Business of Fashion https://ift.tt/IAipCEe

The Zegna-owned brand seeks to double sales to over $500 million from $230 million in 2021 while maintaining its insider cachet. CEO Rodrigo Bazan sees opening intimate boutiques in offbeat locations as a path to keep growing in a luxury market dominated by European giants. from Business of Fashion https://ift.tt/s49xHJ8

This week, everyone will be talking about uncertainty in financial markets and the release of BoF Insights’ new report on the handbag market. from Business of Fashion https://ift.tt/NisRkUW

The better-than-expected results suggest resilient consumer spending despite decades-high inflation. from Business of Fashion https://ift.tt/eHu8rPS

The industry’s biggest players still aren’t disclosing basic data about environmental and social impact, putting them in the firing line as regulators look to crack down on greenwashing. from Business of Fashion https://ift.tt/I3eN9kZ

Galaxy raised $7 million to power its personalised secondhand marketplace, inviting influencers and independent boutiques to sell on the app. from Business of Fashion https://ift.tt/HkRGiDo

The British fashion brand continues to target high-single digit revenue growth and a 20 percent margin at a constant currency in the medium term, as it “actively manages” the impact of lockdowns in China and soaring inflation in its home UK market, the company said in a statement Friday. from Business of Fashion https://ift.tt/vtgzapS

Mega-conglomerates Reliance Industries Limited and Aditya Birla Group have invested in more than a dozen Indian designer brands. There is more to the deals than meets the eye. from Business of Fashion https://ift.tt/JixgUyu

Influencers helped turn Nordstrom’s annual Anniversary Sale into a major moment for the department store. This year, the retailer is leaning less on social media marketing, and some creators say they’re downplaying what was once their biggest moneymaker. from Business of Fashion https://ift.tt/lRsKCHG

Online spending in the US rose 8.5% to $11.9 billion during Amazon.com Inc.’s two-day Prime Day promotion, according to Adobe Inc., helping boost traffic on competing sites such as Walmart.com and Target.com that held their own sales. from Business of Fashion https://ift.tt/jBZeTQs

Please join the #BoFLIVE on Thursday, July 21 at 16:00 BST to hear BoF’s Diana Lee and Benjamin Schneider in conversation with Ian Earnshaw, Global Commercial Director at Mulberry and Richard Johnson, Chief Commercial Officer at Mytheresa, as they do a deep dive into BoF Insights’ latest report, The New Shape of Designer Handbags. from Business of Fashion https://ift.tt/ZTAQF7w

The BNPL industry is being put to the test by inflation and rising interest rates, but maybe the biggest question is whether it can ever work as a standalone business funding hordes of low-value purchases. from Business of Fashion https://ift.tt/zkpS3Qn

The Asian retailer raised its full-year operating forecast to 290 billion yen ($2.1 billion) from an earlier estimate of 270 billion, according to a statement on Thursday. from Business of Fashion https://ift.tt/NSWHbYL

Pulis steered the brand’s communications and celebrity strategy during a period of rapid expansion for top fragrances like the Charlize Theron-fronted J’Adore and Johnny Depp-endorsed Dior Sauvage. from Business of Fashion https://ift.tt/78Osm5c

Gmoney, an anonymous and influential figure in the NFT world who has worked with brands like Adidas, is launching a luxury fashion line with the tokens built into the business model. from Business of Fashion https://ift.tt/lN1dQHP

The brand will show its fall 2022 collection in Brooklyn, marking its first runway show since the pandemic began. It will also be livestreamed on Roblox. from Business of Fashion https://ift.tt/zy9u6cQ

Philippe and Kika Prette, CEO and chief creative officer of the Monte Carlo-based jeweller, share how they have sustained APM’s culture during the company’s rapid growth — with a focus on digital innovation and a fully transparent work culture. from Business of Fashion https://ift.tt/JbzvEdg

More big brands are making public commitments to curb environmental impact and protect workers, but data on how they’re performing remains scarce, this year’s Fashion Transparency Index finds. from Business of Fashion https://ift.tt/u24DrqA

The category is often thought to be ‘recession proof,’ but brands are making adjustments to prepare for a potential recession. from Business of Fashion https://ift.tt/vkDbE3r

Under new ownership, skiwear brand Perfect Moment transitioned its focus from extreme sports to fashion-conscious mountain-goers. Now, a tie-up with an A-list couple and expansions into menswear and surf are hoped to fuel a post-pandemic surge. from Business of Fashion https://ift.tt/TvhSO2l

Emerald Holding, a company that hosts business-to-business events, has purchased Bulletin to be part of its retail trade show entity, NY Now from Business of Fashion https://ift.tt/eEfStGM

From casualisation to the decline of streetwear, BoF unpacks what’s driving the “unprecedented” boom in the men’s market. from Business of Fashion https://ift.tt/tZbxaqT

Digital fashion maker DressX has partnered with American brand Jason Wu to release a wearable NFT of First Lady Michelle Obama’s 2009 Inaugural Ball gown. from Business of Fashion https://ift.tt/UZrLkJS

Victoria’s Secret has named Amy Hauk chief executive of both the Victoria’s Secret and Pink brands. from Business of Fashion https://ift.tt/bOHzqhr

For the first time since 2002, the Euro has reached parity with the dollar. from Business of Fashion https://ift.tt/K1bYrTD

Last month, Kering set a medium-term sales target of €15 billion for flagship brand Gucci, far beyond what conventional wisdom once deemed possible. from Business of Fashion https://ift.tt/Xj3wWG9

The mall retailer has also tapped Horacio “Haio” Barbeito as chief executive of its Old Navy brand. from Business of Fashion https://ift.tt/lWT1DIm

Beighton is the fourth CEO to run the luxury e-tailer in less than five years as its private equity owners struggle to improve performance. from Business of Fashion https://ift.tt/cwuSkQp

Responsible mining has the potential to dramatically improve lives and even combat deforestation. from Business of Fashion https://ift.tt/ncXQ4qb

First, Fosun aims to float Lanvin on the New York Stock Exchange via a blank-check company in October or November, said Joann Cheng, chairman and chief executive officer of Lanvin Group. from Business of Fashion https://ift.tt/yAIW3uq

The deal is expected to revitalise a brand founded by its Italian tennis player namesake in 1966 that entered bankruptcy in 2007. from Business of Fashion https://ift.tt/1J4Lpkc

After acquiring two supply-chain start-ups last year, the teen retailer wants to build an ‘open source’ shipping and storage network it thinks can someday be a bigger business than selling clothes. from Business of Fashion https://ift.tt/JUa1tFl

The Luxury Closet, a major resale platform in the Middle East, launched in the UK on July 12, the company announced. It will enter other European markets later this year. from Business of Fashion https://ift.tt/vgPOx7Q

After acquiring two supply-chain start-ups last year, the teen retailer wants to build an ‘open source’ shipping and storage network it thinks can someday be a bigger business than selling clothes. from Business of Fashion https://ift.tt/T06bkXY

BoF compiles the most exciting career opportunities now available on BoF Careers — including jobs from Acne Studios, KCD and Dr. Barbara Sturm. from Business of Fashion https://ift.tt/OM6ZvW3

This week, everyone will be talking about Amazon Prime Day, the release of Dior’s long-delayed Travis Scott capsule collection and a new Victoria’s Secret documentary. from Business of Fashion https://ift.tt/yTY5S0Z

The footwear industry, seen as a bellwether for US consumption, is pulling back on hiring and investment amid predictions of a sales slowdown. from Business of Fashion https://ift.tt/LBH2Y47

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/sqzp3NY

The Italian brand staged a couture spectacular on the Spanish Steps that proved to be as much a collection of Pierpaolo Piccioli tropes as a ‘dialogue’ with founder Valentino Garavani. from Business of Fashion https://ift.tt/lfpjKJF

In the long ago, haute couture was the province of Paris. Now, one Englishman designing for Antwerp-born Margiela, another fronting Rome’s fabulous Fendi produce some of the most memorable moments of couture week. from Business of Fashion https://ift.tt/yrzR9Jd

Luxury’s megalabels have dialled up the number of shows they are staging. How much is enough? from Business of Fashion https://ift.tt/MS6kFuI

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/4Yza9q0

Resolving the fundamental tension between what is good for revenue growth and what is good for the environment is the biggest challenge to fashion’s sustainability efforts. from Business of Fashion https://ift.tt/XBDT1EO

Rogers, the chief experience officer at crypto wallet maker Ledger, explains how — and when — fashion should tap into the NFT gold rush, as featured in the fourth episode of The BoF Show, now streaming on Bloomberg Quicktake. from Business of Fashion https://ift.tt/jR9mBx3

Forget demand worries stirred up by inflation and a slowing economy, a shortage of top-brand timepieces is still the biggest problem for the UK’s largest seller of Rolex watches. from Business of Fashion https://ift.tt/d9R2kYD

Tom Ford, the luxury brand founded by the former longtime creative director for Gucci, is exploring a potential sale, according to people with knowledge of the matter. from Business of Fashion https://ift.tt/5TOCBcU

Apps and site blockers are seeking to curb compulsive shopping, but they’re battling an e-commerce apparatus fine-tuned to make it easier to buy stuff than ever before. from Business of Fashion https://ift.tt/KelrhPy

test Desc from Business of Fashion https://ift.tt/zmpt7Jj

Turning dresses red and jeans blue is a dirty, resource-intensive process. A number of new technologies offer promising solutions for a lower-impact way forward. from Business of Fashion https://ift.tt/gvYqjLG

As the platform confronts falling subscriber numbers and increased competition in streaming, brands must consider whether advertising on Netflix, which arrives later this year, is a compelling investment. from Business of Fashion https://ift.tt/V2hrgt0

The Italian edition of Harper’s Bazaar, which is published by Hearst Magazines International, will begin publishing a print edition, with Daria Veledeeva, who previously served as the editor-in-chief of Harper’s Bazaar Russia, being named editor-in-chief. from Business of Fashion https://ift.tt/6X3MBxo

Parent company Gap Inc. has partnered with Reliance — the country’s largest retailer, with $26 billion a year in annual sales — to open Gap stores and also distribute the label online as well as in other multi-brand retailers. from Business of Fashion https://ift.tt/NE31Rrt

Balenciaga and Dior may offer radically different visions, but haute couture is always about an emotional response, writes Tim Blanks. from Business of Fashion https://ift.tt/QhumE2b