Fashion World News

As floods, drought and extreme heat become increasingly common risks, fashion brands must start thinking about how to build resilience into their supply chains. from Business of Fashion https://ift.tt/5r1w3Td

The technology that will replace the smartphone, tools that enable us to be our best selves and tech-based solutions to address critical global challenges were among the topics discussed by speakers like former Apple designer Imran Chaudhri, Dame Stephanie Shirley and Shopify president Harley Finkelstein. from Business of Fashion https://ift.tt/os5DZnS

Ziad Ahmed, chief executive of JUV Consulting and Stephanie Simon, the former head of community at Clubhouse joined BoF editor-at-large Tim Blanks to recap the first two days of conversation. from Business of Fashion https://ift.tt/Rqm0J2g

The Swedish fast fashion giant is the first big European retailer to start layoffs. from Business of Fashion https://ift.tt/0kutfmb

The high-end brand has drawn interest from private equity firm CVC Capital Partners and competitors such as L’Occitane International SA and Shiseido Co., according to people familiar to the matter. from Business of Fashion https://ift.tt/eFYCJcS

The singer’s nail polish brand isn’t following the usual celebrity beauty brand playbook, where “authenticity” and newness are key. When your fans are this rabid, it turns out none of the usual rules apply. from Business of Fashion https://ift.tt/uABOjc2

The seventh annual State of Fashion report by The Business of Fashion and McKinsey & Company reveals the industry is heading for a global slowdown in 2023 as macroeconomic tensions and slumping consumer confidence chip away at 2022′s gains. Download the full report to understand the 10 themes that will define the industry and the opportunities for growth in the year ahead. from Business of Fashion https://ift.tt/ABHf8yv

This year’s post-Thanksgiving shopping extravaganza saw solid sales, particularly in stores. Retailers may not be able to shrug off recession concerns just yet though. from Business of Fashion https://ift.tt/dkHs1zO

From the Ukraine War to the climate crisis to the legacy of the pandemic, speakers including CNN’s Clarissa Ward, Mercy Corps’ Tjada D’Oyen McKenna, Goldman Sachs’ Tim Ingrassia and Google X’s former chief business officer Mo Gawdat discussed the uncertainty gripping the world — and why there’s cause for hope. from Business of Fashion https://ift.tt/Kxolwgb

Italian fashion group Prada is set to hire former Luxottica chief Andrea Guerra in a top management role to ease a transition at the helm to the next generation of the founding family, a source with knowledge of the matter said. from Business of Fashion https://ift.tt/QLSZlGm

Rising living costs and increasingly precarious work are trapping the low-wage workers who power the fashion industry in a crushing squeeze, Sarah Kent reports from Dhaka. from Business of Fashion https://ift.tt/CYliOp1

Kering SA’s Balenciaga is seeking at least $25 million in damages from the production company behind an ad campaign that has made the luxury fashion house the target of fierce criticism at the start of the holiday shopping season. from Business of Fashion https://ift.tt/ZOj8IdW

Balenciaga is facing backlash on both sides of the key US market's political divide, sparked by a campaign featuring children modelling BDSM-inspired products. from Business of Fashion https://ift.tt/etdOpVo

The CEO and chairman of LVMH Fashion Group was elected to lead the Fédération de la Haute Couture et de la Mode’s haute couture body for a two-year term. from Business of Fashion https://ift.tt/vaViDLE

Micheline El Achkar’s science background served as a conduit to her current role in luxury makeup research and innovation. Now, she offers her careers advice for working in the beauty industry. from Business of Fashion https://ift.tt/HwNp8Ax

Investors sold stocks and the yuan, while credit markets saw spreads widen, as citizens in major cities took to the streets in a rare show of defiance. from Business of Fashion https://ift.tt/srdMDic

After an expansive 30-year career as a footwear designer for Nike, Skechers and Jordan Brand, Edwards reopened the Pensole Lewis College of Business and Design — a design-focused HBCU in Detroit — with the goal of training and inspiring the next generation of footwear designers. from Business of Fashion https://ift.tt/xBUI42T

This week, consumer sentiment figures, The State of Fashion 2023 report and BoF VOICES will offer insight into what lies ahead for the fashion industry, consumers and the wider world. from Business of Fashion https://ift.tt/Y5yBXbj

Moj Mahdara and Dina Nasser-Khadivi speak with BoF’s Imran Amed about how creative communities from the Iranian diaspora are participating in the largest civil rights movement in Iran since the revolution in 1979. from Business of Fashion https://ift.tt/46ufOEg

The budget group, part of Associated British Foods, said on Friday the investment will include the opening of at least four new stores and will create at least 850 jobs. from Business of Fashion https://ift.tt/Gqkxsal

Ivory Coast is home to fashion businesses focused on international investment and regional trade that one might expect to find in larger countries on the continent. from Business of Fashion https://ift.tt/8UWug5C

Finnish lifestyle brand Marimekko, which reported net sales of €152 million in 2021, is channeling the radical spirit of its founder and introducing initiatives in circularity and exploring the metaverse as part of its strategy to scale and futureproof an iconic heritage brand. from Business of Fashion https://ift.tt/W1b7Omn

Allegations have continued to mount about the rapper’s erratic behaviour and treatment of designers and other employees at Adidas, whose collaboration with Ye was once one of the most successful in the industry’s history. from Business of Fashion https://ift.tt/pucjqFi

The technology is letting designers create 3D products in a 3D environment, speeding the design process and allowing early concepts to be more spatially accurate. from Business of Fashion https://ift.tt/8tZ7nAs

Register now for the BoF VOICES 2022 livestream as Malala Yousafzai, Victoria Beckham, Jordan Brand’s Larry Miller, Sue Y. Nabi and more share their stories of personal transformation from Business of Fashion https://ift.tt/y41CjuU

With Kering’s flagship brand struggling to keep up momentum, analysts and investors rallied around a report saying creative director Alessandro Michele is set to leave the company. from Business of Fashion https://ift.tt/r013cbX

Debt-laden Chinese conglomerate Fosun International is seeking to offload a minority stake in Alibaba Group’s logistics arm Cainiao, in a deal that could fetch up to $1 billion, two people with direct knowledge of the matter said. from Business of Fashion https://ift.tt/LA61wlS

Shares in owner Kering rose after WWD reported, citing unnamed sources, that a creative shakeup was imminent at the Italian luxury brand. from Business of Fashion https://ift.tt/WBhuXfS

The label has deleted photos that featured children holding teddy bears that were clad in what appeared to be bondage gear after the images generated outrage on social media. from Business of Fashion https://ift.tt/Gni4btC

Last week, BoF and Integra Fragrances invited executives from the likes of Kering, Armani, Sunnei, Ginori and La Double J to discover how experiential retail is evolving and the growing significance of scent and sensory marketing. from Business of Fashion https://ift.tt/GjMYvK3

The company expects fiscal 2022 profit between $2.13 and $2.43 per share, compared to a prior forecast of $2.45 to $2.75. from Business of Fashion https://ift.tt/4nQlIuY

Disappointing sales were only part of the story, as brands increasingly used the world’s biggest online shopping festival as a marketing moment. from Business of Fashion https://ift.tt/BRIfldo

The Ohio-based apparel retailer’s shares that have lost nearly half of their value this year were up about 19 percent after the company also reported third-quarter sales above Wall Street estimates, defying inflation’s impact on non-essential spending. from Business of Fashion https://ift.tt/2HsvaDU

The Australian-based fashion prize for young talent picked A. Roege Hove, Bluemarble, Lagos Space Programme, Marco Rambaldi, Maxxij, Paolina Russo, Rhude and Robyn Lynch as finalists for its 2023 award. from Business of Fashion https://ift.tt/Ybvqcgf

Roughly 5 percent of listings will be hit by the move, the resale site said, as it seeks to position itself as an eco-conscious player at the upper end of an increasingly competitive market. from Business of Fashion https://ift.tt/E8PdZfk

A luggage campaign harnessed the power of football superstars Cristiano Ronaldo and Lionel Messi to earn the most Instagram ‘likes’ ever, while sidestepping World Cup controversy and staking out precious brand territory. from Business of Fashion https://ift.tt/t3HeaRK

The designer is shutting down his namesake brand. The label's spring-summer 2023 collection shown in London in October will be its last, Simons said in a statement posted on Instagram Monday. from Business of Fashion https://www.businessoffashion.com/articles/luxury/raf-simons-shuttering-his-label/

Five years after its launch, cellulosic fibre brand Eastman Naia became a supplier of sustainable fibres to brands such as Patagonia, Zara and H&M. Now, BoF talks to Ruth Farrell, Eastman Naia’s textiles general manager, to learn about the brand’s new product portfolio and customer demand for ecological action. from Business of Fashion https://ift.tt/onzNxF6

The COP27 climate talks in Egypt, which came close to collapse in the closing stretches, ended with an early-hours deal to create a fund to pay poorer countries for the harm caused by climate change. from Business of Fashion https://ift.tt/bvEJ6pd

The Icelandic outerwear label, backed by the family that owns Chanel, aims to ‘elevate’ and widen the appeal of its brand. from Business of Fashion https://ift.tt/gSI41U3

A departure from its regular format, the fast-fashion retailer is experimenting with a small, hyper-local, curated space in the trendy Brooklyn neighbourhood. from Business of Fashion https://ift.tt/GnU8sOg

In Paris, Shopify and BoF gathered executives from Jacquemus, Coperni, Isabel Marant, Patou, Giambattista Valli, Marine Serre, Paco Rabanne, Ami, Vestiaire Collective and Early Majority to discuss the strategic imperatives required to navigate the uncertain socio-economic environment, and reimagine how the industry operates. from Business of Fashion https://ift.tt/bKU10u9

The strong dollar worked against the luxury marketplace, which has struggled to grow as consumers return to physical stores. from Business of Fashion https://ift.tt/FJsm715

Together Group, which owns several public relations agencies focussed on fashion and luxury, added strategic consultancy The Future Laboratory and its subscription-based trends platform LS:N Global, to its mix. from Business of Fashion https://ift.tt/RipcakS

According to a Thursday filing with the U.S. District Court in Manhattan, the rappers acknowledged having distributed a counterfeit cover and counterfeit version of the fashion magazine without permission of Vogue publisher Conde Nast. from Business of Fashion https://ift.tt/tWzP7SL

Top Swiss watch brand Rolex SA has named Nicolas Brunschwig as chairman, appointing the scion of a Geneva family that runs high-end fashion department stores in a little-publicised personnel change. from Business of Fashion https://ift.tt/oA7k2zg

Touting AI-driven personalisation tools, a new e-commerce marketplace called Shoptrue wants to be a one-stop shop for online fashion. But many have tried before — and failed. from Business of Fashion https://ift.tt/QUu9EgB

The chief executive outlined his vision to grow the British heritage house into a £5 billion megabrand. from Business of Fashion https://ift.tt/CtmOaz8

The proposed legislation aims to make big brands accountable for environmental impact and working conditions in their supply chain. from Business of Fashion https://ift.tt/LOUl3IG

The board is intended to “raise the bar on the gallery’s strategic thinking and vision for the future,” founder Larry Gagosian said in a statement. from Business of Fashion https://ift.tt/rya8zJ7

Register now for the BoF VOICES 2022 livestream, as we meet the innovators using technology to power a better tomorrow. from Business of Fashion https://ift.tt/PISFBR1

The German brand revealed its first collection of NFT wearables for virtual spaces just days after Nike announced the debut of its web3 platform. from Business of Fashion https://ift.tt/2OGekYy

The BoF Insights team shares details from their recent report on why these young consumers are so crucial to the success of the fashion industry — and what brands can do to woo them. from Business of Fashion https://ift.tt/ISPL6zd

The app, known for tutorials, hacks, dupes and drama, has become a major beauty destination. Thinking big picture and focusing on education can help brands keep up with a rapid trend cycle. from Business of Fashion https://ift.tt/Cdn9V4O

BoF sits down with the chief executive of Copenhagen Fashion Week to understand how CPHFW transformed itself to become a sustainability leader, and how she hopes to inspire international change. from Business of Fashion https://ift.tt/0Exz7Ks

Ermenegildo Zegna Group will license the right to manufacture and distribute all clothing and accessories from the new owner. from Business of Fashion https://ift.tt/hdR8x7w

Louis Vuitton’s new exhibition space on the Seine River, as well as parts of the brand’s adjoining headquarters on Rue du Pont Neuf could eventually be transformed into a flagship store and hotel, WWD reported Tuesday citing comments by CEO Michael Burke. from Business of Fashion https://ift.tt/9coCaF0

After sales of personal luxury goods are set to surge 22 percent this year, the consultancy forecasts growth will slow to 3 to 8 percent in 2023. from Business of Fashion https://ift.tt/yeUuBa2

With all eyes on COP27, BoF Insights research into the sustainability initiatives of the world’s 30 largest publicly listed fashion companies underscores why the industry is at risk of missing sustainability goals set for the end of this decade. from Business of Fashion https://ift.tt/CeqPuGZ

The beauty conglomerate is expected to tap at least one partner to handle the fashion side of the business, according to a source. from Business of Fashion https://ift.tt/HScM5ah

The job cuts will focus on the e-commerce giant’s devices unit, which houses voice-assistant Alexa, as well as its retail division and human resources, according to the report, which also said the total number of layoffs remains fluid. from Business of Fashion https://ift.tt/OAbpfxw

Nike’s .Swoosh is a platform for customers to learn about web3, collect virtual products like sneakers or jerseys and, eventually, help to co-create them — even potentially earning royalties on their sales. from Business of Fashion https://ift.tt/yKa0IJ3

Kristin Maa, senior vice president of growth at Saks, and Lydia Pang, chief executive and co-founder of Mørning, share their insights on how luxury e-commerce is being transformed. from Business of Fashion https://ift.tt/bT5Bcsp

Mike Ashley's retail conglomerate could acquire the distressed Savile Row tailor, Bloomberg reported. from Business of Fashion https://ift.tt/LMItkoO

BoF Careers provides essential sector insights for fashion creatives this month, to help you decode fashion’s creative landscape. from Business of Fashion https://ift.tt/HoCsdN6

BoF sits down with the editor-in-chief of Harper’s Bazaar to hear how she promotes and nurtures innovation and inclusivity in the publication, and discovers why she believes a fear of failure is the biggest blocker to successful innovation. from Business of Fashion https://ift.tt/fg8AZVW

Results from a wide variety of retailers will offer clarity about the health of the fashion industry and the wider economy. That, plus what else to expect in the coming week. from Business of Fashion https://ift.tt/0Gwnkcr

Estée Lauder Cos Inc is nearing a deal to buy Tom Ford for about $2.8 billion, including debt, beating out competition from a number of others interested in acquiring the luxury fashion brand, the Financial Times reported on Friday, citing people briefed about the matter. from Business of Fashion https://ift.tt/MIU4BFf

Alibaba Group Holding and other Chinese e-commerce firms holding Singles Day shopping events together logged a 4.7 percent decline in sales for the first 12 hours of the final day, a research firm said. from Business of Fashion https://ift.tt/HdFTYmK

The group reported a shareholders’ net loss of €760 million after taking a €2.7 billion non-cash charge related to its part exit from YNAP. from Business of Fashion https://ift.tt/oBr8UfP

The Italian distributor and licensor of Filson, Barbour and Baracuta plans to broaden its brand portfolio and consumer base as it marks its fortieth anniversary. BoF sits down with co-founder Cristina Calori to learn more. from Business of Fashion https://ift.tt/hPG0FUX

The American retailer will sell items including apparel, nursery furniture and baby gear through a dedicated brand store on Amazon.com in the US and Canada. The collection will be available for purchase with the e-commerce giant’s Prime delivery. from Business of Fashion https://ift.tt/xU3hmjM

Revenues totalled €724.9 million ($738 million) in the period, above a €716 million forecast in an analyst consensus cited by Intesa Sanpaolo research. from Business of Fashion https://ift.tt/IyXzlJp

Ralph Lauren Corp on Thursday topped market estimates for quarterly revenue. from Business of Fashion https://ift.tt/YocOjkH

NFTs could give brands a way to collect royalties on secondary sales of physical items, but a shift in how NFT marketplaces treat royalties threatens to undermine the idea’s future. from Business of Fashion https://ift.tt/szQPeRX

Amazon.com Inc. is the world’s first public company to lose a trillion dollars in market value as a combination of rising inflation, tightening monetary policies and disappointing earnings updates triggered a historic selloff in the stock this year. from Business of Fashion https://ift.tt/4hi1cMa

As the candle category has boomed, the product now matters just as much as the branding around it — a sentiment reflected across beauty. from Business of Fashion https://ift.tt/XTVROBf

The sportswear giant cut its profitability forecast for the fourth time this year as it continues to confront the fallout from its split with Ye. from Business of Fashion https://ift.tt/Kk97NiH

BoF sits down with the chairman and CEO of Canada Goose, Dani Reiss, to discover how its investment in more conscious production methods, combined with ambitious category expansion, are the foundation of Canada Goose’s mission to position itself as a next-generation luxury brand. from Business of Fashion https://ift.tt/5yHpSs9

A new cohort of mostly female, social media savvy founders are breaking with decades of jewelkery industry tradition in pursuit of young consumers. from Business of Fashion https://ift.tt/vh1aTcp

Revenues reached €921 million euros ($929 million) in the January-September period, Ferragamo said on Tuesday. from Business of Fashion https://ift.tt/HJfWimE

Coty Inc on Tuesday beat Wall Street estimates for quarterly revenue as higher prices and sturdy demand for its fragrances and cosmetics helped soften the hit from a strong US dollar and the company’s exit from Russia. from Business of Fashion https://ift.tt/2cK7iuE

Current Adidas chief Kasper Rorsted will step down Friday and chief financial officer Harm Ohlmeyer will serve as interim CEO through the end of the year, the company said in a statement. from Business of Fashion https://ift.tt/3w19Y7V

Billions of dollars in revenue were wiped out at the world’s two largest sportswear companies due to antisemitism scandals over the past two weeks, leaving executives to survey the damage as the dust settles at Adidas AG and Nike Inc. from Business of Fashion https://ift.tt/MNWDczt

Primark owner Associated British Foods faces “substantial and volatile” input cost inflation that will hit results in its current financial year, it said on Tuesday, taking the shine off a 42 percent jump in 2020-21 profit. from Business of Fashion https://ift.tt/3dvG4L2

A new cohort of mostly female, social media savvy founders are breaking with decades of jewelkery industry tradition in pursuit of young consumers. from Business of Fashion https://ift.tt/vh1aTcp

The star-studded annual event was back to its pre-pandemic strength, with awards going to a mix of industry heavyweights and rising stars. from Business of Fashion https://ift.tt/rwlgJbq

The industry’s exports in the first 10 months of this year totalled $37.7 billion, up 16.9 percent from a year earlier and accounting for 12 percent of the country’s total exports, according to official data. from Business of Fashion https://ift.tt/KODCNvx

Ian Bonhôte and Peter Ettedgui speak to BoF’s Tim Blanks about their new docuseries, which examines the formation of LVMH and Kering and how designers John Galliano, Alexander McQueen, Marc Jacobs and Tom Ford helped bosses Bernard Arnault and François Pinault build a ‘Kingdom of Dreams.’ from Business of Fashion https://ift.tt/PXcYWHL

The British luxury e-tailer reported another year of widening losses in 2021. But new chief Nick Beighton is focused on the future, looking to attract young customers and revamp the site’s user experience. from Business of Fashion https://ift.tt/ZnDFk8o

The brand, whose designs have found favour with a long list of celebrities including Rihanna and Naomi Campbell, plans to use the investment to grow sales in the MENA region as well as in North America. from Business of Fashion https://ift.tt/OG28SHR

Last week, the governing bodies of Italian fashion held a series of thought leadership talks featuring executives from Fendi, Kering, Prada, OTB, YNAP and Canali, outlining the urgent need for the industry to accelerate its sustainability efforts. BoF shares key insights from the programming. from Business of Fashion https://ift.tt/ixWckuK

The UN’s annual climate summit is taking place against a challenging backdrop. But coming together to agree on tangible action has never been more critical. from Business of Fashion https://ift.tt/sOQpvA4

The activewear giant reports earnings this week and has promised an update on its breakup with Ye. That, plus what else to watch for in the coming days. from Business of Fashion https://ift.tt/naFexbg

BoF compiles the most exciting career opportunities now available on BoF Careers — including jobs from PVH, Skims and Maison Margiela. from Business of Fashion https://ift.tt/HseAD6y

Serving as the jury’s president will be model, author and music producer Caroline de Maigret, while designer Jean-Charles de Castelbajac will be president of honor. from Business of Fashion https://ift.tt/JagYZ3v

The move comes after the athlete promoted an antisemitic documentary. from Business of Fashion https://ift.tt/ihp7sgU

The New York City-based rental company offers users monthly access to accessories like Chanel handbags and Hermes jewellery. from Business of Fashion https://ift.tt/y1WFA59

Major polyester producers in India and China have ratcheted up imports of Russian crude this year, according to a report published this week. from Business of Fashion https://ift.tt/vLV3oi8

The Geneva-based maker of the Daytona, Submariner and Oyster Perpetual said it had increased prices on the continent by about 5 percent. from Business of Fashion https://ift.tt/J2tm80X

Most fashion companies are still going in the wrong direction when it comes curbing planet-warming emissions. from Business of Fashion https://ift.tt/YJEshP5

The British luxury e-tailer reported another year of widening losses in 2021. But new chief Nick Beighton is focused on the future, looking to attract young customers and revamp the site’s user experience. from Business of Fashion https://ift.tt/lW3QEk8

Retailers sitting on piles of unsold merchandise have little choice but to ramp up discounts. But there’s a right way and a wrong way to attract bargain hunters. from Business of Fashion https://ift.tt/iE2nYHZ

Drawing inspiration from designs of the 1990s, the “Polo Stadium Collection” includes a limited run of physical hoodies, sweatshirts, sweatpants, button-down shirts, polo shirts and caps, with some items available on Nov. 2, and others releasing in early December. from Business of Fashion https://ift.tt/vClbGjX

The online gaming platform’s joint report with Parsons School of Design sets out the myriad opportunities for both traditional and digital designers creating for the metaverse. from Business of Fashion https://ift.tt/MuTIZBO

BoF sits with Andrew Pease, senior growth director at Happy Returns, and consumer psychologist Kate Nightingale, to hear how companies can transform returns from customer pain point to growth opportunity. from Business of Fashion https://ift.tt/CUAeiz9

At its annual meeting the Sustainable Apparel Coalition sought to move past a greenwashing controversy that’s exposed the limits of the fashion industry’s efforts at self-regulation. from Business of Fashion https://ift.tt/seYapIk

The beauty industry is serving up a lot of the same brands and products while non-celebrity founders struggle to raise money to scale innovative concepts. from Business of Fashion https://ift.tt/YGevQ5M

The outing, Celine’s first physical womenswear show since the Covid-19 outbreak, will take place on Dec. 8 and feature the brand’s Autumn/Winter 2023 collection. from Business of Fashion https://ift.tt/s1HVfPL

Cosmetics makers are feeling the squeeze as consumers pull back on even small luxuries. from Business of Fashion https://ift.tt/5MTWmNw

The electric-pink hue has dominated fashion for the past year — thanks to a collusion of trends like Barbiecore and dopamine dressing, alongside major commitment from Pierpaolo Piccioli’s Valentino. from Business of Fashion https://ift.tt/HjlfJwX

The beauty industry is serving up a lot of the same brands and products while non-celebrity founders struggle to raise money to scale innovative concepts. from Business of Fashion https://ift.tt/YGevQ5M

Royalmount, a forthcoming development in Montréal’s Midtown district, has also leased flagship spaces to Tiffany and RH. from Business of Fashion https://ift.tt/FypgRQk