Fashion World News

At BoF VOICES 2023, the Italian designer spoke about the balance required to run an ethical fashion business while embracing new technologies. from Business of Fashion https://ift.tt/fGMgWQZ

What Fashion’s Creative Talent Needs to Know Today

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/oJQqz6y

The Best Jobs on BoF Careers

Discover the most exciting career opportunities now available on BoF Careers — including jobs from Gap, Moncler and Casablanca. from Business of Fashion https://ift.tt/gWe9ocs

Apple Can Temporarily Sell Smartwatches After US Appeals Court Win

Apple can for now resume sales of its flagship smartwatches, after a US appeals court on Wednesday paused a government commission's import ban on the devices imposed in a patent dispute over its medical monitoring technology. from Business of Fashion https://ift.tt/GyVgWf8

Kanye West Apologises in Hebrew for Anti-Jewish Remarks

- December 27, 2023

The rapper Ye, formerly known as Kanye West, issued an apology in Hebrew to the Jewish community on Tuesday for his past antisemitic remarks, saying he sought forgiveness and regretted any pain that his words had caused. from Business of Fashion https://ift.tt/ZCMXsng

The Best of BoF 2023: Fashion’s Sustainability Reckoning

- December 25, 2023

Record-breaking temperatures have turned up the heat on fashion’s climate commitments this year. But the industry still has a long way to go to deliver on its sustainabiity ambitions. from Business of Fashion https://ift.tt/w3O4ilh

Shiseido to Acquire Dr. Dennis Gross Skincare

- December 22, 2023

The beauty conglomerate increases its investment in U.S.-based brands as it pursues a geographically diverse portfolio. from Business of Fashion https://ift.tt/UOtf6r8

The Best of BoF 2023: Opportunities and Threats in Global Markets

- December 21, 2023

Fashion businesses operating in diverse markets across Asia, the Middle East, Latin America, Eastern Europe and Africa spent much of 2023 navigating a complex and delicate set of trade-offs. from Business of Fashion https://ift.tt/fnI5dKp

Jacquemus CEO Bastien Daguzan Departs

- December 21, 2023

Bastien Daguzan is leaving his post as chief executive of Jacquemus effective immediately, a spokesperson for the brand confirmed. from Business of Fashion https://ift.tt/4IlXO1a

Eyewear Firm Safilo Ends Licensing Deal With Influencer Ferragni

- December 21, 2023

Italian eyewear maker Safilo Group SpA said it ended its licensing deal with influencer Chiara Ferragni, who is mired in a controversy over charity donations. from Business of Fashion https://ift.tt/lEWIopQ

Inside Beauty’s Uneven Travel Retail Rebound

- December 20, 2023

A recovery is still out of reach in Asia, but other regions and cruises see a spending surge. from Business of Fashion https://ift.tt/4xS9e0V

Prada Buys New York Fifth Avenue Store Building for $425 million

- December 20, 2023

Italian fashion house Prada has paid $425 million to buy the building on Fifth Avenue in New York which currently hosts its store, the company said on Wednesday. from Business of Fashion https://ift.tt/VYeORPH

Mike Ashley’s Frasers Group Buys Matchesfashion

- December 20, 2023

The sale sees owner Apax Partners take a heavy loss on the British e-tailer, recently rebranded simply Matches, amid a broader meltdown in the luxury e-commerce space. from Business of Fashion https://ift.tt/dEGsJi8

How Fashion’s Business Model Is Wasteful by Design

- December 19, 2023

Excess is built into the economics of the industry at every step of the value chain, writes Kenneth P. Pucker. from Business of Fashion https://ift.tt/OSJYwdy

Rolex Fined $100 Million for Thwarting Online Watch Sales

- December 19, 2023

Rolex was fined about $100 million by France’s antitrust agency for pursuing an illegal decade-long crackdown on distributors selling the Swiss firm’s luxury watches online. from Business of Fashion https://ift.tt/hUkn19x

Why Banal Is Big in Fashion’s Latest Campaigns

- December 19, 2023

Following a year where surrealist stunts were fashion’s biggest marketing trend, voyeuristic campaigns that centre reality — and the often boring moments of the everyday — are gaining steam. from Business of Fashion https://ift.tt/QRTCmjo

Are Brands Ready for a Holiday Returns Surge?

Return rates are set to soar this holiday, despite slower sales growth, putting brands’ returns management playbooks to the ultimate test. from Business of Fashion https://ift.tt/2D6oe8p

Worldview: Temu Files New Lawsuit Against Rival Shein

This week’s round-up of global markets fashion business news also features interest payments outpace spending on clothes in Korea, Alibaba loses senior cloud executive as uncertainty persists and COP28 ends with deal on a transition away from fossil fuels. from Business of Fashion https://ift.tt/4uAry8X

Margiela Artisanal, Valentino Menswear Return to Paris Fashion Week

The Fédération de la Haute Couture et de la Mode, Paris Fashion Week’s organising body, released provisional calendars for January’s menswear and haute couture weeks. from Business of Fashion https://ift.tt/HKaZCRE

The Year Ahead: Deconstructing Fast Fashion’s Future

Fast-fashion challengers, led by Shein and Temu, are changing tactics around price, customer experience and speed. Success for disruptors and incumbents will likely hinge on their ability to adapt to fiercer competition and other pressures, The State of Fashion 2024 reports. from Business of Fashion https://ift.tt/5Wh7Rdi

What Happens When the Travel Boom Ends?

Discounted airfare and lower hotel occupancies in recent months signal weakening demand in the vacation economy. For brands that thrived on “revenge travel,” this means pivoting to more versatile products and offering cheaper options. from Business of Fashion https://ift.tt/4WmOekM

Gisou Opens Harrods Pop-Up

The Dazzling Honey Glow Pop Up at London’s Harrods will be open until Jan. 2. from Business of Fashion https://ift.tt/HN4wBEu

Private Equity Firm Acquires Uoma Beauty’s Assets

The brand has a new owner, and a new leadership team coming following the sudden departure of founder and CEO Sharon Chuter. from Business of Fashion https://ift.tt/pvJqF9K

Farfetch Seeks Last-Minute Bailout to Avoid Insolvency

Farfetch is in discussions with a liquidity provider to secure $500 million in emergency funding, in a deal that would also take the company private and wipe out shareholders, according to a report from The Sunday Times. Farfetch’s existing investors venture capital firm Dragoneer and Chinese tech giant Tencent are reportedly helping Farfetch negotiate with the still-unnamed private equity-backed firm. from Business of Fashion https://ift.tt/GwEoPdK

The Category Where Nike Is Racing to Catch Up

The world’s biggest footwear brand has struggled to fend off competition in the fast-growing running category. Earnings this week provide an opportunity to show progress. from Business of Fashion https://ift.tt/8sPIqaF

Under Pressure From Shein, H&M Reaches for Upmarket Shoppers

- December 15, 2023

In seeking to attract more aspirational shoppers, H&M is boosting its image through high fashion collaborations. from Business of Fashion https://ift.tt/lQf4JxE

JVN Hair Sold at Auction

- December 15, 2023

JVN Hair, the hair care line founded in partnership with celebrity hair stylist and television personality Jonathan Van Ness is the latest of now-bankrupt Amyris’ brands to be sold at auction. from Business of Fashion https://ift.tt/a3h8nWi

Unpacking Macy’s Surprise Buyout Offer

- December 15, 2023

Wall Street says the $5.8 billion bid for the American department store chain comes below even the most conservative estimates for the value of Macy’s real estate properties alone. from Business of Fashion https://ift.tt/LCfSp2c

Exclusive: Audemars Piguet’s Maverick CEO Gets the Last Word

- December 14, 2023

François-Henry Bennahmias faced down doubters as he leveraged popular culture to transform Audemars Piguet’s business. Ahead of his departure from the now-$2.6 billion brand next week, Bennahmias revisits his triumphs and setbacks, and hints at his start-up ambitions. from Business of Fashion https://ift.tt/yn2idBo

Case Study | How to Launch and Grow a Hero Product

- December 13, 2023

Despite the fast pace of makeup, skin care and haircare launches, it’s the brands with iconic, best-in-class products that dominate categories season after season. Executives from Nars, Too Faced and Tarte deconstruct how their brands’ best-sellers became heroes that scaled into volume- and revenue-driving franchises. from Business of Fashion https://ift.tt/GsdSn4Q

Luxury Slowdown Prompts Fears of Inventory Pile-up Over Key Holiday Season

- December 13, 2023

Discounts from high-end fashion retailers raised concern that a lacklustre Christmas could lead to inventory gluts – potentially dragging labels into a discounting spiral that would cheapen their image. from Business of Fashion https://ift.tt/ptMlX9w

Musinsa: The K-Fashion Ecosystem Goes Global

The expanding popularity of K-culture is helping South Korean brands and retailers like Musinsa gain global recognition, explains CEO in an interview for The State of Fashion 2024. from Business of Fashion https://ift.tt/cl2pd9K

Boots Owner in Talks to Offload £7 Billion UK Pharmacy Chain

The company has been holding early talks about ways to separate Boots, which could be valued at about £7 billion ($8.8 billion) in a deal. from Business of Fashion https://ift.tt/nol3qcP

Breitling Buys Watchmaker Universal Geneve in First Major Deal

The deal marks a turning point for Breitling, which jumped into the top 10 Swiss watch companies by sales in 2022, as it becomes a watchmaking group. from Business of Fashion https://ift.tt/nXvO2xG

The Year Ahead: Mapping the Next Wave of Supply Chain Pressures

The State of Fashion 2024 explains why consumer volatility could trigger what’s known in supply chains circles as the “bullwhip effect,” in which small changes in demand can cause increasing large fluctuations upstream and downstream. from Business of Fashion https://ift.tt/dXHqetG

Understanding the Potential of Digital Product Passports

- December 11, 2023

New regulations from the European Commission will require fashion and other consumer goods to be fitted with unique digital product passports as early as 2026. At BoF’s VOICES 2023, the CEO of Arianee demystifies the future of digital product passports and their ability to reimagine fashion brands’ revenue stream. from Business of Fashion https://ift.tt/OWU6g14

Zara Pulls Advert From Website Front Page After Gaza Boycott Calls

- December 11, 2023

The reaction highlights heightened sensitivity international brands are navigating as fighting across Gaza intensifies and calls for company boycotts rise. from Business of Fashion https://ift.tt/PnxikAQ

KCD Names Rachna Shah New Chief, Opens Next Chapter

The fashion PR powerhouse has promoted the agency veteran to global CEO as president Julie Mannion becomes chairman of the board, opening a new era for the firm. from Business of Fashion https://ift.tt/c6dDPEN

The Year Ahead: How Gen AI Is Reshaping Fashion’s Creativity

After generative AI’s breakout year in 2023, The State of Fashion 2024 examines emerging use cases across creative industries, including fashion. from Business of Fashion https://ift.tt/uRMz9jL

How Google Is Making It Easier to Find Dupes

Users searching for in-demand beauty products on Google will now find a link to product dupes at the top of the page — the latest sign that the dupe craze is picking up steam. from Business of Fashion https://ift.tt/F26cKCJ

Macy’s Investors Mount $5.8 Billion Buyout Bid

Arkhouse Management and Brigade Capital has made a $5.8 billion offer to take department store chain Macy’s private. from Business of Fashion https://ift.tt/vEdiIG1

Have We Hit Peak Fast Fashion?

Zara-owner Inditex’s earnings this week come as some analysts say the category’s best days are behind it. from Business of Fashion https://ift.tt/Z0s3cHM

The BoF Podcast | Angelina Jolie’s Unexpected Journey to Fashion

- December 09, 2023

In her first ever podcast interview, the actress, filmmaker and humanitarian joins BoF founder and editor-in-chief Imran Amed to discuss her vision for her new fashion venture, Atelier Jolie. from Business of Fashion https://ift.tt/a546wUT

Social Media Is Changing. What Does That Mean for Brand and Consumer Connections?

- December 08, 2023

At VOICES 2023, BoF and Snapchat hosted a conversation to determine how social media has evolved and the strategies brands should employ to boost connection with their customers. from Business of Fashion https://ift.tt/gFKdaDI

Why Amazon Fashion Should Buy Farfetch

- December 08, 2023

This week BoF reported that Farfetch is seeking a ‘white knight’ to avoid collapse. A deal with Amazon could be the answer, writes Imran Amed. from Business of Fashion https://ift.tt/qLEfPrG

Why Primark Went All-In on Rita Ora

- December 07, 2023

The elaborate collection features more than 300 items — whether it delivers will hinge on Ora’s star power and how much consumers’ buy into the authenticity. from Business of Fashion https://ift.tt/X4osnSV

Chanel + Manchester = Chanchester!

- December 07, 2023

Virginie Viard brings Chanel’s annual celebration of the brand’s artisanal crafts to Manchester, writes Tim Blanks. from Business of Fashion https://ift.tt/KGp3XrW

Lululemon’s Sales Growth is Slowing Ahead of the Holidays

- December 07, 2023

Lululemon Athletica Inc.’s fourth-quarter revenue guidance trailed Wall Street estimates, a rare miss for the retailer whose performance routinely exceeds investor expectations. from Business of Fashion https://ift.tt/BCOhbWf

The Fastest-Growing Beauty Influencers of 2023

Multiple social platforms announced their next generation of creators this week, but TikTok remains the most important vehicle to creating a beauty star overnight. from Business of Fashion https://ift.tt/BQ5nZpb

Alibaba President Exits Farfetch Board

Alibaba Group president J. Michael Evans has resigned from Farfetch’s board, the luxury e-tailer disclosed in a regulatory filing Wednesday. from Business of Fashion https://ift.tt/LnvOxmf

‘Substantial Volume’ of Clothing Tied to Uyghur Forced Labour Entering EU, Says Study

Dozens of well-known brands including H&M and Zara are identified as being at high risk of sourcing materials made by Uyghurs compelled to participate in state-imposed labour. from Business of Fashion https://ift.tt/QBHkSy3

Amazon Targets Shein With Big Fee Cuts for Cheap Apparel Sellers

Amazon.com Inc. is sharply cutting fees for merchants selling clothing priced below $20, a sign it’s hunkering down for a price war with Chinese fast-fashion upstart Shein. from Business of Fashion https://ift.tt/IazYDjJ

US Retail Lobbyists Retract Key Claim on ‘Organised’ Retail Crime

The main lobbying group for US retailers retracted its claim that “organised retail crime” accounted for nearly half of all inventory losses in 2021 after finding that incorrect data was used for its analysis. from Business of Fashion https://ift.tt/9OcvGeI

Skin Care Line Bubble Expands in the UK

- December 05, 2023

Gen-Z acne brand Bubble is expanding its retail presence in the UK with a launch at Boots. from Business of Fashion https://ift.tt/NdXTwV5

Zegna Aims to Open 50 Tom Ford Retail Stores, Double Group Margins

- December 05, 2023

At an investor day in New York, the Italian luxury group laid out plans for newly acquired Tom Ford, as well as Thom Browne and its namesake Zegna label. from Business of Fashion https://ift.tt/4q7Nvpf

Jonathan Anderson, Maximilian Davis and Martine Rose Among Winners at Fashion Awards 2023

The event drew an international crowd, with names like Gwyneth Paltrow and Anne Hathaway in attendance, but when it came to honourees, British design talent took centre stage. from Business of Fashion https://ift.tt/cgsEWIA

Boots Opens Its First Beauty-Only Store

Boots will open its first-ever dedicated beauty store, called “Boots Beauty,” on Wednesday in London’s Battersea Power Station shopping centre. from Business of Fashion https://ift.tt/OJ9Pv4c

L’Oréal Acquires Probiotic Research Company Lactobio

The conglomerate taps into the skin care industry’s growing obsession with the microbiome. from Business of Fashion https://ift.tt/O26iM7B

Hims & Hers Launches Weight Loss Category With Future GLP-1 Plans

The telemedicine company has introduced prescriptions for weight loss, but is waiting on supply chain stability for the GLP-1 class of drugs that includes Ozempic and Wegovy. from Business of Fashion https://ift.tt/K3JjRTU

Inside Fashion’s Music Merch Opportunity

- December 03, 2023

Artists, record labels and music festival organisers are collaborating with coveted labels to design better-quality, fashion-forward merch, sold at higher price points than before. from Business of Fashion https://ift.tt/RxDILSA

New Celebrity-Backed Men’s Beauty Brand Obayaty Debuts

- December 03, 2023

A consortium of high-profile creative industry figures including songwriters and producers Max Martin and Savan Kotecha have backed Obayaty, a new beauty line specifically designed for men. from Business of Fashion https://ift.tt/djUHN61

Rental and Subscription Boxes: Which Retail Innovations Have a Future?

- December 03, 2023

Rent the Runway and Stitch Fix will give updates on their turnaround efforts. That, plus what else is in store for the coming week. from Business of Fashion https://ift.tt/qZ2J4fa

Pangaia CEO Exits Role

- December 01, 2023

Krishna Nikhil has stepped down for family reasons after just over 18 months at the helm of eco-innovation brand, the company said. from Business of Fashion https://ift.tt/kqLzbPJ

China’s A-List Flock to Hong Kong for Louis Vuitton’s First Show

- November 30, 2023

Designer Pharrell Williams unveiled his pre-fall 2024 men’s collection to about 1,200 guests. from Business of Fashion https://ift.tt/6vJr3nS

Castore Raises £145 Million in Funding Round

- November 30, 2023

The activewear label announced that it secured growth investment in a funding round led by Raine Partners, the equity arm of investment firm The Raine Group. from Business of Fashion https://ift.tt/MKvly2G

The Strategy Behind Shay Mitchell’s Travel Brand Béis

- November 29, 2023

The luggage and lifestyle brand is expanding its product and marketing strategies while launching collaborations and pop-up stores as its founder, Shay Mitchell, eyes expansion and profitability after five years in business. BoF learns more. from Business of Fashion https://ift.tt/J3yhu2B

BoF VOICES 2023: An Inflection Point for Artificial Intelligence

- November 29, 2023

Generative AI is already changing fields such as design and marketing, and while it presents a number of very real threats, it also holds potential benefits for all of humanity. from Business of Fashion https://ift.tt/GnDt3f7

Carlos Nazario Named Harper’s Bazaar Style Director at Large

- November 29, 2023

Carlos Nazario will be responsible for styling the magazine’s covers and leading a team of creative collaborators, Harper's Bazaar editor-in-chief announced. from Business of Fashion https://ift.tt/aKeDCTs

Report: Farfetch in Talks to Take Company Private

- November 28, 2023

Farfetch’s chief executive José Neves is reportedly conferring with top shareholders, including Richemont and Alibaba, and JP Morgan about delisting the company, The Telegraph reported on Tuesday. A take-private deal could happen imminently as Farfetch’s stock remains under pressure, according to the report. The e-tailer’s share price has plummeted more than 80 percent since its 2018 IPO. from Business of Fashion https://ift.tt/rn7Mw5z

BoF VOICES 2023: Humanity and the Human Touch

- November 28, 2023

Artificial intelligence, preserving a sense of humanity and the power of representation were just a few of the topics covered by speakers including Chanel CEO Leena Nair. from Business of Fashion https://ift.tt/kt5lefc

Chanel’s Three Pillars for the Future

- November 28, 2023

At BoF VOICES 2023, global CEO Leena Nair outlined the vision she’s crafted during her first two years leading the iconic brand. from Business of Fashion https://ift.tt/MrKi2Rg

Don’t Be Fooled by a Robust Black Friday Weekend

Consumer spending over Thanksgiving Weekend may have exceeded expectations, but shoppers may be stretching their wallets too thin, analysts say. from Business of Fashion https://ift.tt/40rMNas

At Art Basel, Lessons in Engaging Luxury Customers

Across its 53-year history, international art fair Art Basel has been quick to innovate, catering to a rapidly developing art market and its customers. Today, it is utilising its expertise to help fashion and luxury do the same. from Business of Fashion https://ift.tt/LV1QSBq

US Federal Judge Rules Against Meta in Privacy Fight With FTC

A federal judge ruled the regulator can seek to reduce the amount of money the social media company makes from users under 18. from Business of Fashion https://ift.tt/c8hfPHF

Gucci Employees in Rome Go On Strike Over Creative Office Move

The decision would involve transferring 153 of 219 employees to Milan, almost 500 kilometres (311 miles) to the north by March. from Business of Fashion https://ift.tt/PNSpZBy

Shiseido ‘Fully Confident’ in Chinese Market Despite Sales Slide

Shiseido has doubled down on its commitment to China, even as it cuts its full-year forecast due to dampened local demand. from Business of Fashion https://ift.tt/oT5N4Sw

Unpacking Beauty’s End-of-Year Price ‘Hacks’

- November 26, 2023

From makeup bags that double as clutches to pre-tax health savings, brands and retailers are leaning into consumer demand for more affordable prices. from Business of Fashion https://ift.tt/jwWGCHz

What Fashion’s E-Commerce and Tech Professionals Need to Know Today

- November 26, 2023

BoF Careers provides essential sector insights for fashion's technology and e-commerce professionals this month, to help you decode fashion’s commercial and creative landscape. from Business of Fashion https://ift.tt/Yugitnb

The Logic Behind Louis Vuitton’s Hong Kong Show

- November 26, 2023

While Chanel recently restaged its latest cruise show in nearby Shenzhen, Louis Vuitton is betting on Hong Kong for the unveiling of Pharrell’s second collection for the house. from Business of Fashion https://ift.tt/d4FPMvQ

The BoF Podcast | Gabriella Karefa-Johnson on Leaving Vogue and Building a Better Fashion Industry

- November 24, 2023

The stylist and fashion editor reveals to BoF founder and editor-in-chief Imran Amed why she resigned from Vogue and how she is channelling her influence and energy to support that next generation of fashion talent. from Business of Fashion https://ift.tt/inYy5HQ

Waste From Adidas, Walmart, Other Brands Fuelling Cambodia Brick Kilns

- November 24, 2023

Waste from at least 19 international brands including Adidas and Walmart is being used to fuel kilns in brick factories in Cambodia, and some workers were falling ill, according to a report by a local rights group released on Monday. from Business of Fashion https://ift.tt/6nB7TGl

Don’t Believe What Consumers Say When It Comes to Sustainability

- November 23, 2023

A growing body of consumer surveys suggests interest in sustainable consumption is reaching a tipping point. Those surveys are deeply flawed, writes Kenneth P. Pucker. from Business of Fashion https://ift.tt/cRlQJP8

Amandine Ohayon Named CEO of Stella McCartney

- November 23, 2023

She will succeed Gabriele Maggio, who is exiting the business next month “to pursue other opportunities,” the company said. from Business of Fashion https://ift.tt/ODjbuBN

Terry Richardson Sexually Abused a Model After Trump’s Modeling Agency Dismissed Her Concerns About Him, Lawsuit Says

- November 23, 2023

Richardson was one of the most famous fashion photographers in the world, going on to work for the likes of Tom Ford, Vogue, Vanity Fair, and Yves Saint Laurent. from Business of Fashion https://ift.tt/ezHSsCy

The Rise of the Fast Fashion Converts

A small but growing online fashion community is practising a more critical form of consumption, marrying the quiet luxury trend with a desire for value and environmentally responsible products. from Business of Fashion https://ift.tt/T9HUQ7n

In Market Share Battle, FedEx and UPS Target Retail Returns

In a delivery demand downturn, UPS and Fedex are expanding returns services aimed at helping retailers slash the cost of sending back shoes, apparel and other goods. from Business of Fashion https://ift.tt/FScYtUm

Moncler and EssilorLuxottica Announce Licensing Agreement

The agreement, which goes into effect January 2024, will allow EssilorLuxottica to design, produce and globally distribute Moncler eyewear. from Business of Fashion https://ift.tt/4ECfdwj

Antoine Arnault Relinquishes Berluti CEO Role

The move has triggered an executive shuffle in the watches and jewellery unit at parent company LVMH. from Business of Fashion https://ift.tt/gc2qjUY

Why Retailers Are Bracing for a Bleak Holiday Season

With consumers expected to buy less this holiday season, categories poised to outperform the industry include off-price and personal care. But brands can still appeal to shoppers by conveying a sense of value, whether through discounts or a point of differentiation. from Business of Fashion https://ift.tt/80Axk9i

Nordstrom Revenue Sags as Inflation Turns Holiday Shoppers Picky

Shares of the upmarket department store chain fell nearly 1 percent in volatile after-market trading. from Business of Fashion https://ift.tt/SamUoxi

American Eagle Raises Annual Revenue Forecast on Strong Holiday-Season Demand

The company now expects annual revenue to be up mid single digits. from Business of Fashion https://ift.tt/b0XR7ag

Saks Owner Raises $340 Million After Retailer Didn’t Pay Vendors For Months, Sources Say

More than a handful of brands confirmed reports of chronic late payments that sparked some vendors to halt shipments to the US department store. Owner Hudson’s Bay Company said it raised $340 million to help fund its retail operations. from Business of Fashion https://ift.tt/ghbp5cE

Bustle Owner BDG’s Plan to Survive the Online Ad Slump: Pivot to Luxury

Bryan Goldberg’s rollup firm has struggled to turn its portfolio of well-known, if faded properties into a viable business amid sweeping changes in the online media economy. Now, BDG is going after wealthier readers, starting with a revival of Nylon’s print edition. from Business of Fashion https://ift.tt/SDq7eIJ

Can A Spanish Men’s Jewellery Start-Up Take Its Hype Machine Global?

Twojeys has driven multi-million-euro sales of its accessibly priced jewels to Spanish Gen-Z shoppers by pushing engaging, voyeuristic content to its online community. Now the brand aims to take its concept international with the opening of a London store. from Business of Fashion https://ift.tt/E3Hvfx5

Amazon’s Logistics Workers in Spain Plan Cyber Monday Walk-Outs

20,000 warehouse and delivery workers at Amazon’s local unit are to stage a one-hour strike on each shift on Nov. 27. from Business of Fashion https://ift.tt/grJ6BGj

De Beers Will Stockpile Unsold Diamonds After Prices Tumble

De Beers’s decision to allow customers to refuse goods was the latest in a series of increasingly desperate moves across the industry to stem this year’s plunge in diamond prices. from Business of Fashion https://ift.tt/jVx5RuS

Black Friday, Cyber Monday Spending Projected to Hit New High

Consumers plan to spend an average of $567 during Black Friday and Cyber Monday shopping events, up 13 percent from last year, as they seek out the best deals while facing economic pressures such as higher prices and soaring interest rates. from Business of Fashion https://ift.tt/HG9ljAq

At Lululemon, Being Black Is ‘Off-Brand’

- November 19, 2023

Like many companies in fashion and other industries, the $50 billion yoga apparel brand created a new department in 2020 it said would help improve its diversity and inclusion and create a more equitable playing field for minorities. In interviews with BoF, 14 current and former Black employees said things have only worsened since then. from Business of Fashion https://ift.tt/pbZuFgc

Black Friday Deals: Consumers Want Deeper Discounts. Will Retailers Give In?

- November 19, 2023

Shoppers are still reeling from inflation, even as pricing pressures are easing. Brands may need to offer deeper markdowns to ensure strong holiday sales. from Business of Fashion https://ift.tt/HnFxPtq

Taking Stock of the Burberry Reboot

- November 17, 2023

The British luxury brand’s quarterly results were disappointing, but we have yet to see the full potential of the new business and creative vision take hold, writes Imran Amed. from Business of Fashion https://ift.tt/tgXuWhv

Gap Surpasses Expectations in Early Win for New CEO Dickson

- November 17, 2023

Gap Inc. reported third-quarter profit that exceeded forecasts and a smaller-than-expected drop in comparable sales, showing that chief executive officer Richard Dickson is having early success in improving the company’s performance. from Business of Fashion https://ift.tt/KQC8iL6

The Business of Beauty Haul: Holiday Beauty, It’s Giving Exhausted

- November 16, 2023

Holiday beauty ads are already inescapable, and so is one clever phrase: “It’s giving.” from Business of Fashion https://ift.tt/wv76gI3

Bangladesh Garment Workers Fighting for Pay Face Brutal Violence and Threats

- November 15, 2023

Negotiations over a new minimum wage for garment workers in Bangladesh have sparked mass demonstrations on streets across the capital. from Business of Fashion https://ift.tt/tzMXw6h

Gucci Handbags Disappoint At Auction as Luxury Fervour Cools

- November 15, 2023

A collection of rare Gucci handbags failed to fetch expected prices, a sign that robust demand for high-end purses is softening from Business of Fashion https://ift.tt/w90bti3

How Regional Brands Go Global

- November 14, 2023

Labels that get their start outside of major fashion hubs are leveraging their local identities and a strategic approach to wholesale to gain international followings. from Business of Fashion https://ift.tt/HWvPKDx

Selfridges Thai Co-Owner Takes Control as Signa Struggles

- November 14, 2023

Central Group said it’s taken control of the company that runs London’s landmark Selfridges department store after the financial woes of its Austrian partner Signa deepened. from Business of Fashion https://ift.tt/mbVxZOu

Alice McCall Is Reviving Her Brand — on Shein

The Australian designer, who earlier this year closed her label after two decades, is the most prominent designer yet to sell via Shein. from Business of Fashion https://ift.tt/XrgVldM

Beauty Company Avon to Open First UK stores in Its 137-Year History

Group famous for house-to-house visits is to open franchises as it also expands deal with Superdrug. from Business of Fashion https://ift.tt/qHUGomO

De Beers Will Stockpile Unsold Diamonds After Prices Tumble

Sephora Announces Black-Owned Beauty Grant

Sephora has announced a grant in partnership with the Fifteen Percent Pledge which will award one Black business owner within the beauty industry $100,000 to unlock growth potential. from Business of Fashion https://ift.tt/yKbEnez

Case Study | Fashion’s New Rules For Sports Marketing

Capitalising on sport’s soaring commercial and cultural relevance is becoming a primary focus for fashion brands and retailers. Winning sports-marketing strategies today hinge on building long-term partnerships with athletes and organisations that speak to a brand’s target customers, translating different sports into compelling, credible activations and maximising the potential of athlete ambassadors to reach untapped markets. from Business of Fashion https://ift.tt/kQzLAfP

Harry Styles’ Pleasing Debuts Fragrances with Selfridges

Pleasing, the beauty and apparel line founded by Harry Styles, launched a collection of three fragrances with Selfridges on Monday. from Business of Fashion https://ift.tt/YfjRika

Canadian Fashion Mogul Peter Nygard Guilty of Four Counts of Sexual Assault

Nygard, 82, was on trial in the Ontario Superior Court for five counts of sexual assault and one count of forcible confinement charges linked to alleged incidents. from Business of Fashion https://ift.tt/5lpgQ9D

Nike Hires Amazon Fashion Executive as New Tech Chief

The activewear giant has recruited Muge Erdirik Dogan, most recently president of Amazon Fashion. from Business of Fashion https://ift.tt/a2FNtJr

Diwali Takes Its Place as the Next Big Shopping Holiday

India’s five-day festival of lights doesn’t come close to Black Friday or Singles Day in terms of overall sales, but brands see plenty of room to grow. That, plus what else to watch for in the coming week. from Business of Fashion https://ift.tt/OfIhFG6

Fashionphile Enters Secondhand Wholesale

- November 10, 2023

With the acquisition of LXRandCo., a Canadian provider of pre-owned luxury handbags, Fashionphile is eyeing its next stage of growth as a B2B resale distributor. from Business of Fashion https://ift.tt/loGMfp0

Affirm Shares Surge After Quarterly Results Beat Estimates

Shares of Affirm Holdings surged by nearly 25 percent on Thursday as strong demand for the buy-now-pay-later (BNPL) lender’s services and higher interest rates underpinned quarterly results. from Business of Fashion https://ift.tt/F4u9Y82

One Killed in Bangladesh As Garment Workers Clash With Police Over Pay

One woman was killed as police in Bangladesh used teargas and rubber bullets to disperse stone-throwing protesters as a demonstration by garment workers for more pay turned violent on Wednesday. from Business of Fashion https://ift.tt/DufjPZV

Amazon Allies With Meta for Shopping Via Instagram, Facebook

Two of tech’s largest players, Amazon and Facebook parent Meta Platforms Inc., are testing a feature that lets shoppers buy Amazon products directly from ads on Instagram and Facebook. from Business of Fashion https://ift.tt/1KSp4Tn

Feminist Magazine Jezebel Shuts Down

Jezebel, the online women’s magazine known for its playful tone and biting cultural analysis is shutting down operations, according to a memo sent to G/O Media staff. from Business of Fashion https://ift.tt/PF4RCOQ

EBay Falls After Holiday Revenue Outlook Misses Estimates

- November 08, 2023

EBay Inc. issued a bleak revenue outlook for the busy holiday quarter. from Business of Fashion https://ift.tt/e4vOCZR

Sleeping Beauties: Reawakening Fashion is the Met’s Costume Institute Spring 2024 Exhibition

- November 08, 2023

The exhibition will explore ideas of rebirth and renewal through nature, and spotlight 250 reworked and revived pieces in the institute’s 33,000-piece permanent collection. from Business of Fashion https://ift.tt/684LFyR

What’s Blocking the Rise of More Sustainable Materials?

Weaker-than-expected demand for Swedish textile recycler Renewcell’s first commercial volumes of recycled cellulose pulp has sent the company’s stock price plummeting and highlighted broader hurdles challenging efforts to lessen fashion’s environmental footprint. from Business of Fashion https://ift.tt/w34mloF

Oddity Tech Raises Full-Year Growth Outlook

The parent company of makeup brand Il Makiage and Gen-Z skin care brand SpoiledChild reported $94 million in net revenue in the third quarter ending Sept. 30. from Business of Fashion https://ift.tt/FvJQDLf

Olaplex’s Sales Continue to Plunge

The bond building leader reported a 30 percent decline in net sales in the third quarter ending Sept. 30. from Business of Fashion https://ift.tt/YwcDlqO

Coty Raises Annual Core Sales Outlook As Fragrances, Cosmetics Drive Demand

Coty raised its annual core sales forecast on the back of higher pricing and strong demand from customers who snapped up new makeup and fragrance launches. from Business of Fashion https://ift.tt/L9QwHTh

BFA on Strategic Expansion and Growth Opportunities in Content Creation

The established New York-based event photography, videography and social media agency explores its next phase of growth, informed by a rapidly shifting market and new opportunities from across its client roster. from Business of Fashion https://ift.tt/KdQ9zi6

Catherine Holstein, Willy Chavarria Among 2023 CFDA Fashion Award Winners

The Council of Fashion Designers of America marked its annual awards with a ceremony at the American Museum of Natural History in New York. from Business of Fashion https://ift.tt/vwakDKB

How War Changed Ukrainian Brand Sleeper

When Russia invaded early last year, the Kyiv-based brand — known for its viral feathered party pyjamas — was forced into survival mode. Now, founders Asya Varetsa and Kate Zubarieva are ready to speed up growth and introduce a new Sleeper, starting with a fresh logo. from Business of Fashion https://ift.tt/ALs7vHN

India’s Nykaa Posts Slowest Revenue Growth Since Listing Amid Stiff Competition

Nykaa's parent company reported its slowest quarterly revenue growth since listing on Monday. from Business of Fashion https://ift.tt/WjLY5gr

What Fashion Retail Professionals Need to Know Today

BoF Careers provides essential sector insights for fashion professionals in retail this month, to help you decode fashion’s retail landscape. from Business of Fashion https://ift.tt/9Gp2HQz

How I Became... Chief Brand Officer at Ganni

- November 05, 2023

From working across creative agencies like Spring Studios to publishers like i-D and Dazed before moving in-house, Priya Matadeen identifies thematic ‘red threads’ to facilitate each career move. She shares her career advice, including how to learn leadership skills and demonstrate transferable skills across new disciplines. from Business of Fashion https://ift.tt/clDb2d4

Checking In on Instagram’s Threads

- November 05, 2023

Usage is creeping back up, but many of the biggest beauty and fashion brands and influencers are still taking a wait-and-see approach to the platform. from Business of Fashion https://ift.tt/oK1iQAX

The Week Ahead: More Richemont-Farfetch Developments; Singles Day at a Crossroads

- November 05, 2023

Alibaba’s shopping holiday has lost some of its oomph, but remains a potent force for many brands. That, plus what else to watch for in the coming week. from Business of Fashion https://ift.tt/m4y90hq

The Denim Brand Making a Business of Upcycling

- November 03, 2023

E.L.V. Denim founder and creative director Anna Foster has built a profitable start-up turning unwanted cast offs into handcrafted denim sold at Neiman Marcus and Bergdorf Goodman. from Business of Fashion https://ift.tt/UFiursR

Fast Fashion’s M&A Frenzy, Explained

- November 02, 2023

Amid a spending slowdown and steep competition, the UK fast-fashion players including Asos and Frasers Group are selling off struggling brands. from Business of Fashion https://ift.tt/u9ECpaY

Estée Lauder CFO Defends Company’s Turnaround After Stock Plunge

- November 02, 2023

Estée Lauder Cos.’ chief financial officer defended the beauty company’s plans to turn around its business and cited “unprecedented volatility” as the company cut the outlook for the fourth time in the last 12 months. from Business of Fashion https://ift.tt/9FDB6Ne

What’s Behind Estée Lauder’s Continued Slide?

Travel retail’s slow rebound drove the beauty conglomerate to its fifth straight quarter of declines. from Business of Fashion https://ift.tt/nZ5TI84

UK, US, EU and China Sign Declaration of AI’s ‘Catastrophic’ Danger

The UK, US, EU and China have all agreed that artificial intelligence poses a potentially catastrophic risk to humanity. from Business of Fashion https://ift.tt/Tvme7Dw

Estée Lauder Lowers Outlook on China Weakness, Israel-Hamas War Risk

Estée Lauder Cos.’ already-battered shares plummeted still more after the beauty giant slashed its full-year outlook on troubles in China and the Middle East. from Business of Fashion https://ift.tt/hk9pZ8F

Canada Goose Cuts Sales Forecast on Rocky China Recovery, Appoints New CFO

Canada Goose Holdings cut its annual sales forecast on Wednesday, in a sign that a sharp rebound in China was starting to falter. from Business of Fashion https://ift.tt/x5DAJ1M

VF Corp. Withdraws Annual Forecast Due to Slowing Demand; Vans Sales Down 21%

- October 30, 2023

Shares were down 4 percent in extended trading after the company also reported a lower-than-expected second-quarter profit. from Business of Fashion https://ift.tt/XlpEhtv

G7 Plan to Ban Russian Diamonds to Further Dim Industry Sparkle

- October 30, 2023

The global diamond sector is scrambling to get ahead of an upcoming G7 ban on Russian gems from Business of Fashion https://ift.tt/C4a9Bl6

Phoebe Philo’s First Drop, Explained

- October 30, 2023

On Monday, the star designer released her namesake label’s first products, serving up ‘Old Celine’ chic spiked with a raunchier undercurrent. BoF breaks down the drop, as well as a go-to-market strategy that couldn’t be further from the standard luxury playbook. from Business of Fashion https://ift.tt/1fgc3uM

Report: UK’s ASOS Exploring Sale of Topshop Brand

- October 29, 2023

British online fashion retailer ASOS Plc (ASOS.L) is exploring a sale of its Topshop brand, Sky News reported on Saturday. from Business of Fashion https://ift.tt/5giZvAh

What Is VF Corp.’s Plan for Vans and Its Other Struggling Brands?

- October 29, 2023

Activist investors are demanding big changes at the fashion conglomerate, which also owns The North Face, Supreme, Timberland and other brands. The company will have a chance to lay out its own vision when it releases earnings this week. from Business of Fashion https://ift.tt/Kn26sR0

The Business of Beauty’s Haul of Fame: This Makeup Artist Drives Pop Music

- October 26, 2023

From Glossier-themed Bat Mitzvahs to the return of tramp stamps, the week in beauty news. from Business of Fashion https://ift.tt/TjvdQMB

Unilever is Selling Dollar Shave Club After 7 Years of Trying to Make it Work

- October 26, 2023

Dollar Shave Club, the brand that pitched cheap razors with quirky commercials, is being sold by Unilever, its multinational owner. from Business of Fashion https://ift.tt/hCwYb15

UNESCO Recommends Policies to Strengthen Fashion Industry in Africa

- October 26, 2023

The United Nations agency specialising in international cooperation through education, arts, sciences and culture released a report at the launch of Lagos Fashion Week in Nigeria. from Business of Fashion https://ift.tt/Br4pMeV

UPS Acquires Happy Returns

- October 25, 2023

UPS on Wednesday announced that it bought reverse logistics start-up Happy Returns from its previous owner PayPal for an undisclosed sum. The deal is expected to close in the final quarter of the year. from Business of Fashion https://ift.tt/ZzhTpGQ

Amazon Analysts Expect Same-Day Delivery to Boost Margins in Q3

- October 25, 2023

Investors will look for signs that Amazon’s aggressive expansion of same-day delivery services helped increase its third-quarter profit margin by spurring shoppers to place more frequent and bigger orders. from Business of Fashion https://ift.tt/Oix1Qho

Tougher Times for Luxury Brands Separate Winners From Losers

- October 25, 2023

The luxury-goods industry’s first slowdown since the pandemic is separating the winners from the losers. from Business of Fashion https://ift.tt/v08SUgP

The Divine Decadence of Helmut Newton

- October 24, 2023

The life and work of the taboo-busting photographer continues to enthral and scandalise in equal measure, writes Tim Blanks. from Business of Fashion https://ift.tt/ocrhCz3

Meta Sued By Dozens of States Over Alleged Harmful Youth Marketing

- October 24, 2023

Meta Platforms Inc. was sued by California and a group of more than 30 states over claims that its social-media platforms Instagram and Facebook exploit youths for profit and feed them harmful content. from Business of Fashion https://ift.tt/DHKFg9N

New Paris Design Fair To Launch Alongside Fashion Week

- October 24, 2023

Matter and Shape is a new design fair set to be held in the Tuileries Garden during Paris Fashion Week. from Business of Fashion https://ift.tt/JsyI926

Insights Into the Southeast Asian Luxury Consumer

BoF sits down with Siam Piwat’s president of sales and business relations Caroline Murphy to discover how best to engage the evolving Asian consumer, the luxury trends driving “hyper-growth” and the cultural forces increasingly influencing the market. from Business of Fashion https://ift.tt/3zI4tlm

Skims Launches Menswear Collection

Kim Kardashian’s shapewear brand Skims is launching a menswear collection. from Business of Fashion https://ift.tt/zCN9gwt

Steve Madden Acquires Almost Famous

Steve Madden announced on Monday that it had completed its $52 million acquisition of apparel company Almost Famous. from Business of Fashion https://ift.tt/IB3JEOT

BoF Masterclass | Fashion’s New Playbook for Online Returns

Join us for a BoF Professional Masterclass that explores the topic in our latest Case Study, “Fashion’s New Playbook for Online Returns.” from Business of Fashion https://ift.tt/8YmVUvy

Farfetch’s Acquisition of Yoox Net-a-Porter Stake Gets EU Approval

The complex agreement would see the luxury marketplace eventually take control of its top competitor from current owner Richemont. from Business of Fashion https://ift.tt/7Z02pJH

Case Study | Fashion’s New Playbook for Online Returns

- October 22, 2023

The e-commerce boom may have cooled but online returns rates remain high, and the costs of processing them are more expensive than ever. BoF unpacks how retailers can reduce the costs of returns and protect profit margins, while improving customers’ shopping experience to generate higher sales. from Business of Fashion https://ift.tt/VUtvROW

How Bad Will the Luxury Slowdown Get?

- October 22, 2023

Financial results from Kering and Hermès will confirm or counter warning signs about the spending of wealthy consumers. That, plus what else to watch for in the coming week. from Business of Fashion https://ift.tt/bSMiKYh

Hedi Slimane Releases Surprise Celine Women’s Show

- October 22, 2023

The show was released as a video, filmed at the Bibliothèque Nationale in Paris. from Business of Fashion https://ift.tt/jNT2x1O

Inditex Strives to Make Fashion Faster With More Zara Deliveries

- October 20, 2023

Inditex SA has increased the frequency of truck deliveries to some Zara stores in its home market, as part of a trial that could signal a further acceleration in the retailer’s supply chain. from Business of Fashion https://ift.tt/xIfayE5

Melitta Baumeister Wins CFDA/Vogue Fashion Fund

- October 19, 2023

The Council of Fashion Designers of America and Vogue presented New York-based German designer Melitta Baumeister, known for her innovative, often voluptuous silhouettes, with the 2023 CFDA/Vogue Fashion Fund Award. from Business of Fashion https://ift.tt/2IZwm4G

L’Oreal Sales Up Despite Muted Recovery in China

- October 19, 2023

L’Oreal reported a brisk rise in third quarter sales on Thursday, lifted by growth in Europe and an acceleration in the United States, but missed expectations for a strong rebound in China. from Business of Fashion https://ift.tt/CFpXZT1

Nars to Open First Freestanding India Store

- October 19, 2023

After testing the waters in local retailers, the Shiseido-owned makeup line will debut a standalone location. from Business of Fashion https://ift.tt/1dnEDsX

Daniel Hettmann and MA + Group Partner on Production Venture Experiential H

- October 18, 2023

The production agency will draw on the resources of Hettmann’s namesake company and MA + Group to produce events for luxury, fashion and design clients. from Business of Fashion https://ift.tt/Fju1iy8

Transforming a Near-300 Year Old Brand’s Business Model for the Future

- October 18, 2023

In the last three years, heritage porcelain brand Ginori 1735 has rebranded, introduced a furniture collection and expanded into lifestyle. Now, BoF sits down with CEO Alain Prost to learn about its next steps, including an update to its Oriente Italiano collection. from Business of Fashion https://ift.tt/oHdgx6L

P&G to Weigh $1 Billion Sale of VS Sassoon’s China Business

- October 18, 2023

Procter & Gamble Co. is weighing options for the Chinese operation of its hair-care brand VS Sassoon, people with knowledge of the matter said. from Business of Fashion https://ift.tt/8jE1Cur

Activist Investor Engaged Takes Position in Supreme Brands Owner VF Corp

- October 17, 2023

Activist investor Engaged Capital has taken a stake in VF Corp. and wants the the owner of the Vans and Supreme Brands to make divestitures to pay down debt. from Business of Fashion https://ift.tt/UMmR68t

Fashion’s Craftsmanship Challenge

Facing mass retirement from their ageing artisanal workforce, fashion brands and makers are working to gain — and hold — the attention of the next generation of pattern makers, tailors and more. from Business of Fashion https://ift.tt/5fzSbeg

Lululemon’s S&P 500 Addition Stands to Bolster Stock Domination

Lululemon Athletica Inc. climbed Monday following news that the athleisure company will join the S&P 500 Index, notching its seventh straight session of gains and extending its outperformance this year. from Business of Fashion https://ift.tt/ntd0LQE

H&M Plans Debut Green Bond as Fast Fashion Pushes Sustainability

Swedish retailer Hennes & Mauritz AB is planning a debut green bond sale, the latest effort by a fast fashion company to improve the sustainability of its business. from Business of Fashion https://ift.tt/GluYcaC

Hermès Debuts New Makeup Categories

Hermès has added mascara, eyeshadow and makeup brushes to its growing lineup of cosmetics. from Business of Fashion https://ift.tt/hprfQiO

Behind-the-Scenes Gucci Designer Named Moschino Creative Director

Davide Renne joins the Aeffe-owned house from Gucci, where he spent two decades, most recently as head of womenswear design. from Business of Fashion https://ift.tt/sd3K8HL

How 2023 Became the Year of the Lab-Grown Diamond

Consumers — and the industry — are increasingly buying into lab-grown stones, altering long-held jewellery industry standards for how diamonds are sold. from Business of Fashion https://ift.tt/GDAELxn

Shares of Luxury Brands Are Tumbling in a Sign Consumers’ High-End Spending Spree Is Over

Consumers’ spending spree on high-end goods that kicked off during the pandemic has petered out. from Business of Fashion https://ift.tt/f6jJRvk

Belgian Designer Igor Dieryck Wins Triple Honours at Hyères

Belgian designer Igor Dieryck won the top prize at the 38th International Festival of Fashion, Photography and Accessories in Hyères, in the south of France. from Business of Fashion https://ift.tt/LaWzvRt

The Week Ahead: The Big Verdict for Farfetch-YNAP and more

The industry will be keeping an eye on a key moment for Farfetch, plus Birkenstock’s trajectory, the return of LA Fashion Week and the escalating crisis in the Middle East. That, and what else to watch for in the coming days. from Business of Fashion https://ift.tt/YETOj8z

Does Fashion Need a New LA Fashion Week?

- October 13, 2023

One of the creative masterminds behind Fenty is part of a group of new owners aiming to reboot LA Fashion Week with new formats and ties to entertainment, beauty and wellness. from Business of Fashion https://ift.tt/ivSp4ME

Europe’s Luxury Stocks Are at Risk of Going Out of Style

- October 13, 2023

As China recovery remains rocky and US shoppers continue to tighten their purse strings, top luxury stocks have seen their value slump. from Business of Fashion https://ift.tt/9bNdD2W

JD.com Sinks to Record Low as Wall Street Brokers Turn Bearish

- October 13, 2023

The e-commerce giant’s slump reflects concerns that China’s consumption growth will remain sluggish. from Business of Fashion https://ift.tt/P68REUM

How Danielle Bernstein’s WeWoreWhat Broke the Influencer Brand Curse

- October 12, 2023

Despite a series of public controversies in 2020, the social media star’s clothing brand, WeWoreWhat, is setting revenue records and breaking into new categories. BoF spoke to Bernstein about her experience with “cancel culture” and how the brand survived. from Business of Fashion https://ift.tt/o0jIiMQ

Olaplex CEO JuE Wong to Step Down

- October 12, 2023

Olaplex is replacing its chief executive as the haircare brand confronts a sharp slide in sales. from Business of Fashion https://ift.tt/2vOsBto

Fast Retailing Reports Record $3 Billion in Annual Profit

- October 12, 2023

A post-pandemic recovery in China and the yen’s slide helped boost the Uniqlo owner’s operating profit by 28 percent year on year. from Business of Fashion https://ift.tt/L7yQa2R

Tracee Ellis Ross’ Pattern Beauty Taps Christiane Pendarvis as Co-CEO

The executive joins from Savage X Fenty, where she was co-president. from Business of Fashion https://ift.tt/HATayFs

Unpacking Birkenstock’s Underwhelming Public Debut

Shares of the L Catterton-owned sandal maker sank on their first day of trading, a bad sign for other brands that are thinking about going public. from Business of Fashion https://ift.tt/TWZi1Fw

EU ‘Very Close’ to Finalising Russian Diamond Ban, Says Belgian PM

Western countries are “very close” to finalising a ban on Russian diamonds from retail markets in countries that are already sanctioning Kremlin assets, the Belgian prime minister has said. from Business of Fashion https://ift.tt/JACoXY4

A $245 Billion Selloff Signals Less Sparkly Future for Luxury Stocks

The wealthy shoppers who fuelled LVMH’s rise to Europe’s most valuable company and made its founder the world’s richest man are showing signs of fatigue. from Business of Fashion https://ift.tt/xWizJHR

Birkenstock Raises $1.5 Billion in IPO

Birkenstock Holding Plc and its private equity owner priced shares in the footwear maker’s initial public offering toward the middle of a marketed ranged to raise $1.48 billion. from Business of Fashion https://ift.tt/2pR6LPG

Menstrual Care Brands Get Political

For years, beauty and wellness lines have been awash with socio political messaging. Menstrual care brands like August and The Honey Pot are the latest to take a stand, advocating for period equity with The Tampon Tax Back Coalition. from Business of Fashion https://ift.tt/uqiHrav

Luca Magliano Is the Next Guest Designer at Pitti Immagine Uomo

The designer will stage a special event during the Florence trade show next January. from Business of Fashion https://ift.tt/ohC1kvE

Can Fashion Live Without Plastic? It’s Complicated

Last month, Boss’s runway show in Milan featured a trio of limited-edition jackets made using a new fibre designed to replace polyester. But untangling the industry from a material that has played a central role in its growth will be a tricky business. from Business of Fashion https://ift.tt/neUX14o

Why Retailers Still Can’t Solve Their Hiring Problem

From wage hikes to tuition assistance, fashion firms say they’re pulling out all the stops to revamp the store associate role — but their efforts aren’t taking hold. from Business of Fashion https://ift.tt/30jkGOo

Gucci Cosmos Exhibition Arrives in London

The display, which first debuted in Shanghai in April, blends experiential elements with displays of items from the house’s archive to chart the history of the Italian brand. from Business of Fashion https://ift.tt/CJe67R5

Levi Strauss Cuts Annual Forecasts as Promotions, Wholesale Weakness Weigh

Levi Strauss & Co cut its annual forecasts for the second time on Thursday after missing third-quarter sales estimates as the denim maker reeled from hefty promotions and falling sales at its wholesale channels in North America. from Business of Fashion https://ift.tt/ZDk4pTe

Decoding The Indian Beauty Landscape

BoF shares product and consumer insights on the growth potential of India’s beauty and personal care market, from a new report by The Estée Lauder Companies’ BEAUTY&YOU program in partnership with 1Lattice. from Business of Fashion https://ift.tt/GrwxANC

Showfields Files for Bankruptcy

The multi-brand specialty retailer on Friday filed for Chapter 11 bankruptcy, following a continued decline in sales post-pandemic that left it unable to pay back mounting debt. from Business of Fashion https://ift.tt/kBiz6oj

Warm Weather Knocks Over £500 Million Off M&S and Next

There’s fresh evidence from the FTSE 100 today of quite how vulnerable retailers are to unpredictable weather. from Business of Fashion https://ift.tt/QHdlujh

The Celebrity Fragrance Is Back

Facing an oversaturated beauty market, A-listers are returning to scents to profit off their image. Only now, you might find some of them stocked next to Byredo rather than at Walmart. from Business of Fashion https://ift.tt/hwn7RZk

BoF Masterclass | Inside Beauty’s Biggest Disruptor

Join us for a BoF Professional Masterclass that explores the topic in our Case Study, “Inside Beauty’s Biggest Disruptor.” from Business of Fashion https://ift.tt/Jg5oqAz

Pharrell Williams: The Future of Luxury Is ‘Freedom’

- October 08, 2023

With his first Louis Vuitton men’s show behind him, BoF 500 cover star Pharrell Williams shares his long-term vision for the future of Louis Vuitton, and luxury itself, with BoF’s Imran Amed. from Business of Fashion https://ift.tt/i3S6HEY

Thom Browne: The Five Hundred Million Dollar Man

- October 08, 2023

Twenty years ago, people laughed at him in his shrunken grey suit. Now he’s showing haute couture in Paris, publishing a weighty monograph on his career, and chairing the CFDA. Who’s laughing now? from Business of Fashion https://ift.tt/G3pbEYL

Birkenstock Could Break Fashion’s IPO Logjam

- October 08, 2023

A blockbuster public listing should clear the way for other brands to try their luck. That, plus LVMH results and what else to watch for in the coming week. from Business of Fashion https://ift.tt/fVQEe5x

At Goldwin x Spiber, Biotech Innovation With Conscious Consumption in Mind

- October 06, 2023

To explore how brewed protein materials could impact the fashion market, BoF interviews Takuya Kinami, general manager of Goldwin and Kenji Higashil, executive vice president of Spiber Inc’s Sustainability Division and Representative of Spiber Europe. from Business of Fashion https://ift.tt/wk9F0pP

Chanel Increases Prices in China as Concerns About Luxury Demand Mount

- October 06, 2023

Chanel increased prices of its high-end products in China in September, amid a slowdown in demand for luxury goods worldwide after the post-pandemic boom years. from Business of Fashion https://ift.tt/ZEtS5ix

In response to heightened consumer desire for jewels that sparkle, small fine jewellery brands are finding success leaning into higher price points and more bespoke services catering to high-spending clientele. from Business of Fashion https://ift.tt/DUNbuS9

Levi Strauss Cuts Annual Forecasts as Promotions, Wholesale Weakness Weigh

- October 05, 2023

Puma’s Call With Analysts Sends Stock Down Most in Three Years

- October 05, 2023

Puma SE shares had their biggest intraday drop in more than three years after the sportswear company’s comments on a call with analysts spurred worries about sales. from Business of Fashion https://ift.tt/bz8dgwT

Rochelle Pinto to Lead Vogue India

- October 05, 2023

The founding editor of digital publication Tweak India will succeed Megha Kapoor, who exited the title in August. from Business of Fashion https://ift.tt/MEwotqd

Prada and Axiom Space Collaborate to Design NASA’s Lunar Spacesuits

Italian luxury group Prada and Texas-based startup Axiom Space will collaborate to design NASA’s lunar spacesuits for the Artemis III mission planned for 2025, the two companies said on Wednesday. from Business of Fashion https://ift.tt/PI4LBxj

Paris: The Final Day — Last Women Standing

Miuccia Prada tells her own story at Miu Miu. How much of Virginie Viard’s is in Chanel? from Business of Fashion https://ift.tt/nmrguoe

Nike’s Virtual Studio Is Dropping Its First Physical Sneaker

But only members who previously purchased one of Nike’s virtual releases will have the chance to buy it. from Business of Fashion https://ift.tt/ldt9ZIM

In Paris, A Season of Normality

Save for a few outliers, simplicity reigned at Paris Fashion Week, writes Angelo Flaccavento. from Business of Fashion https://ift.tt/Po79XyA

La Bouche Rouge Acquired by Beauty Brands Global

The French luxury brand with a sustainable bent was purchased by a new holding company founded by Designer Parfums’ Dilesh Mehta from Business of Fashion https://ift.tt/acLtqvS

Karol G: From Latin Music Icon to Fashion Star

As the chart-topping Colombian reggaeton singer and BoF 500 cover star becomes a global pop sensation, she is shaking up the fashion industry’s celebrity marketing playbook. from Business of Fashion https://ift.tt/j4mUR1F

Rolex Prices Drop as Cheaper Rivals Outperform

Prices for pre-owned Rolex watches kept falling on the secondary market last month while entry-level models and brands like Cartier and Omega fared comparatively better. from Business of Fashion https://ift.tt/Wn4aEo0

US Court Halts Minority Grant Programme at Centre of Legal Challenge

The Fearless Fund must pause its Strivers Grant Contest, which awards funds to Black women entrepreneurs, pending the outcome of a lawsuit from a conservative group alleging such grants are unconstitutional. from Business of Fashion https://ift.tt/5ZKXmb8

LVMH’s Duty-Free Unit Bets on China Luxury Hub With Mega Mall

DFS is making “an unprecedented investment” in the 128,000-square meter project, which will open by 2026 and feature over 1,000 luxury brands including those from LVMH Moet Hennessy Louis Vuitton SE, the firm said in a statement. from Business of Fashion https://ift.tt/IMJ2eV1

At Coterie New York, The New Rules of Brand Building

To discover how SMEs are successfully cutting through the noise to connecting with consumers in an increasingly crowded digital landscape, BoF interviews Christian Juuls Nielsen, the founder of Aknvas, Batsheva Hay of Batsheva and Arianne Elmy, founder of her eponymous brand. from Business of Fashion https://ift.tt/tXb0VOG

Paris Days Seven and Eight: Brands’ New Day

Balenciaga, Valentino and Louis Vuitton all have their issues, writes Tim Blanks. from Business of Fashion https://ift.tt/A6JuNwC

US Court Halts Minority Grant Programme at Centre of Legal Challenge

Birkenstock Targets $9.2 Billion Valuation in New York IPO

The company and its stockholders are expecting to sell at least 32 million shares, likely to be priced between $44 and $49 apiece, and potentially raise about $1.58 billion at the top-end of the range, according to a filing with the US Securities and Exchange Commission. from Business of Fashion https://ift.tt/uZovbKA

How AI and Brain Science Are Helping Perfumiers Create Fragrances

Beauty brands are looking to neuroscent research and technology to sniff out the factors that lure buyers. from Business of Fashion https://ift.tt/LaYefMO

How I Became... A Fashion Merchandising Executive

Having studied a degree in journalism, Kiera Ganann started out as a retail manager at Ralph Lauren, before taking roles at Levi’s and Bolt Threads, which took her from the shop-floor to the executive suite. Here, she shares insights into the importance of being open to feedback and the valuable lessons she learnt when starting out. from Business of Fashion https://ift.tt/zeH9oZI

How Isamaya Ffrench Is Reinventing Beauty

The make-up wunderkind and BoF 500 cover star is growing a beauty brand that’s less about prettification and more about ‘world building’ for a generation that grew up with the speed and fluidity of the internet. from Business of Fashion https://ift.tt/HILAZca

SoftBank-Backed Lululemon Rival Vuori Said to Plan IPO Next Year

Activewear brand Vuori Inc. is talking to investment banks about an initial public offering as soon as the middle of 2024, according to people with knowledge of the matter. from Business of Fashion https://ift.tt/5GdUwsi

Paris Day Six: Alexander McQueen, Comme des Garçons, Junya Watanabe

Sarah Burton saying goodbye to McQueen gives pause for reflection on the question of legacy. So does Rei Kawakubo with yet another exercise in abstraction. from Business of Fashion https://ift.tt/prcoJQu

Inside the BoF 500 Gala: All the Red Carpet Looks

Pharrell Williams, Ashley Graham, Karol G and Naomi Campbell were among those who celebrated new entrants and longstanding members of The BoF 500 community during Paris Fashion Week. from Business of Fashion https://ift.tt/2NY1mCc

The Last Thing Fashion Needs Is Turmoil in Washington

Gridlock in Washington could furlough millions of workers heading into the holiday shopping season. That, plus what else to watch for in the coming week. from Business of Fashion https://ift.tt/ZRB6JkV

Phoebe Philo Launch Set for October 30

- September 30, 2023

On Saturday, subscribers to Philo’s mailing list received an email confirming the launch date along with a fast-moving GIF of flashing images teasing a glimpse of her creative vision for the label for the first time. from Business of Fashion https://ift.tt/XdNxkzZ

Paris Day Five: Civilised Subversion at Loewe

After ten years as creative director, Jonathan Anderson has defined a new attitude for the Spanish brand from Business of Fashion https://ift.tt/jabPnYI

What The BoF 500 Class of 2023 Says About How Fashion Is Changing

In addition to major fashion hubs like the US, UK, France and China, our latest additions to the BoF 500 come from emerging markets from Nigeria to Thailand. from Business of Fashion https://ift.tt/aXJr3Cz

The BoF Podcast | Peter Hawkings on His Tom Ford Debut

Tom Ford’s new creative director opens up to Imran Amed about his progression in the fashion industry and his first womenswear collection for the brand. from Business of Fashion https://ift.tt/RGE83AB

What Fashion Designers Need to Know Today

BoF Careers provides essential sector insights for fashion designers this month, to help you decode fashion’s creative and commercial landscape. from Business of Fashion https://ift.tt/974loSw

Introducing The BoF 500 Class of 2023

Explore the latest additions to The Business of Fashion’s definitive index of the people shaping the global fashion industry of today and tomorrow. from Business of Fashion https://ift.tt/4IJFzp8

Paris Day Four: Dressing With Abandon

The fearlessness of Rick Owens and Daniel Roseberry at Schiaparelli ought to be inspirational for the fashion industry, writes Tim Blanks. from Business of Fashion https://ift.tt/cl2GfdN

Sycamore to Take Apparel Retailer Chico’s FAS Private for Nearly $1 Billion

Chico’s FAS will be taken private by Sycamore Partners for $938.1 million in an all-cash deal, the apparel retailer said on Thursday, sending its shares surging 63 percent in premarket trading. from Business of Fashion https://ift.tt/HOPRJDT

Coty Lists on Euronext Paris

The New York-based parent of CoverGirl and Kylie Cosmetics made its debut on the Paris Stock Exchange today, offering 33 million common shares at €10.28 ($10.80). from Business of Fashion https://ift.tt/wEpJoC8

Tyler, the Fragrance Creator

Long known for his music and fashion influence, the multi-hyphenate reflects on his expanding beauty business. from Business of Fashion https://ift.tt/O7DZUno

At Milan Fashion Week, Industry Leaders Gather to Discuss Gender Equity and the Next Generation of Talent in Luxury

- September 27, 2023

In a roundtable co-hosted by Bulgari and BoF, executives representing the likes of Gucci, Versace, Marni, Tod’s, Meta, McKinsey and more discussed topics such as female-identifying representation in leadership and sponsorship in the workplace. BoF shares key insights below. from Business of Fashion https://ift.tt/RLwE0PB

Paris Day Three: The Power of Memories at Dries Van Noten and Undercover

- September 27, 2023

Two of the most evocative shows of the season, one firmly based in reality, the other existing in a melancholy dream realm, writes Tim Blanks. from Business of Fashion https://ift.tt/MKiZbXv

Paris Day Two: A Stark Statement at Dior, A Change of Heart at Saint Laurent

- September 27, 2023

How do Maria Grazia Chiuri and Anthony Vaccarello impose their personal idiosyncrasies on two of the biggest brands in fashion? from Business of Fashion https://ift.tt/iSanmIj

Report Finds Resale Can Reduce Carbon Footprints — Sometimes

A new study from Trove and Worldly found that if luxury and outdoor apparel brands can grow their resale offering to account for a quarter of total revenue, then they can substantially reduce carbon emissions. Fast fashion, not so much. from Business of Fashion https://ift.tt/gk3lYKh

Paris Day Two: A Stark Statement at Dior, A Change of Heart at Saint Laurent

How do Maria Grazia Chiuri and Anthony Vaccarello impose their personal idiosyncrasies on two of the biggest brands in fashion?, writes Tim Blanks. from Business of Fashion https://ift.tt/OX8zPLA

Rebellion and Cake: Francesco Risso’s Special Recipe for Marni’s Paris Debut

Marni finally touches down in the capital of fashion after its global mini-tour, writes Tim Blanks. from Business of Fashion https://ift.tt/joyQL3l

From the Moon to Earth With Nicolas di Felice’s Courrèges

“I like the idea of a house linked to a form of utopia, of a shared project,” said the designer, who will mark three years leading the space-age brand at a Paris Fashion Week show Wednesday. from Business of Fashion https://ift.tt/sGUOnld

Style Capital Acquires Soeur

Italian private equity firm Style Capital has acquired a majority stake in French contemporary apparel and accessories label Soeur, the two companies announced today. from Business of Fashion https://ift.tt/OsEzH4y

What’s Next for Fashion’s Most Controversial Sustainability Tool?

After the SAC’s Higg Index became a central focus for greenwashing allegations, the trade group commissioned an independent review. Its recommendations include scrapping a stand-alone materials assessment and more work to improve the data. from Business of Fashion https://ift.tt/WcvErDZ

Target to Shut 9 Stores Across 4 US States Amid Rising Retail Crime

Target said on Tuesday it would close nine stores across four US states, including California, citing that theft and organised retail crime was threatening the security of the retailer’s employees and customers. from Business of Fashion https://ift.tt/evP0mkE

US Retailers’ Financial Losses Jump as Retail Crime Escalates

Organised crime rings in New York, San Francisco, Los Angeles and Houston are targeting retail inventories, causing more financial loss, according to a report by the National Retail Federation (NRF), a trade group representing US retailers. from Business of Fashion https://ift.tt/mwo9UvY

US Sues Amazon for Breaking Antitrust Law and Harming Consumers

The US Federal Trade Commission filed a long-awaited antitrust lawsuit against Amazon on Tuesday, charging the online retailer with harming consumers through higher prices in the latest US government legal action aimed at breaking Big Tech’s dominance of the internet. from Business of Fashion https://ift.tt/3DlHzI1

UK Fashion Retailer Asos Expects Profit at Low End of Guidance as Overhaul Falters

British online fashion retailer Asos reported a 15 percent fall in fourth-quarter sales and forecast earnings around the bottom of its guided range but said it was making progress with its turnaround plan. from Business of Fashion https://ift.tt/s7tnEo2

E.l.f. Beauty Banks on Jennifer Coolidge Again

Following its successful Super Bowl ad with the actress, the brand is expanding its partnership with the “White Lotus” star. from Business of Fashion https://ift.tt/IeVKH0s

China’s E-Commerce Discount Race to the Bottom Puts Incumbents Under Pressure

Discount e-commerce is set to dominate globally during the critical upcoming holiday shopping season in the West and Singles’ Day in China, analysts said. from Business of Fashion https://ift.tt/g7rNxAJ

Are Luxury’s Biggest Brands Inflating Away Their Emissions?

Soaring luxury goods prices have boosted turnover at companies like LVMH and Kering, helping them to report reductions in their ‘emissions intensity’ — the volume of planet-warming gases released relative to revenue. from Business of Fashion https://ift.tt/ysZlCXf

Cosmetics Maker Coty Submits Application to List on Paris Stock Exchange

Coty has submitted an application for dual listing of its shares on the Paris Stock Exchange, the company said on Monday, as the CoverGirl cosmetics parent looks to tap into European investor interest. from Business of Fashion https://ift.tt/w1defsK

Hollywood Screenwriters Reach Deal to End Five-Month Strike

Striking Hollywood screenwriters reached a tentative new labour agreement with studios, including Walt Disney Co. and Netflix Inc., settling one of two walkouts that have shut down film and TV production. from Business of Fashion https://ift.tt/HGa1Yg0

EU Antitrust Regulators Set Deadline for Farfetch, Richemont Deal

EU antitrust regulators will decide by Oct. 20 whether to clear luxury e-commerce company Farfetch’s acquisition of a stake in online fashion retailer YOOX Net-A-Porter (YNAP) from Richemont, a European Commission filing showed. from Business of Fashion https://ift.tt/cJDwMbK

Pharrell Williams, Isamaya Ffrench, Karol G and Lorenzo Bertelli Are This Year’s BoF 500 Cover Stars

On Friday 29 September, The BoF 500 Class of 2023 will be unveiled. To mark the occasion, The Business of Fashion sat down with four members of The BoF 500 to discuss how they are shaping the future of the industry. from Business of Fashion https://ift.tt/xM6LOja

Milan Day Four: Thinking of a Master Plan

Bottega Veneta, Jil Sander and Versace make radically different journeys though space and time for Spring 2024, writes Tim Blanks. from Business of Fashion https://ift.tt/ayumtRT

FTC Poised to Sue Amazon for Antitrust Violations

The Federal Trade Commission is expected to sue Amazon Inc. for antitrust violations next week, according to people familiar with the matter — marking the agency’s fourth swipe at the online retail giant this year. from Business of Fashion https://ift.tt/XYV3Kgi

Comings and Goings at Paris Fashion Week

Key departures at Alexander McQueen, Chloé and more may kick off another round of designer musical chairs. That, plus, what else to watch for in the coming week. from Business of Fashion https://ift.tt/z6PaiNO

In Milan, Independent Labels Are Gaining Ground

In a fashion scene dominated by ultra-established heritage names, upstarts like LVMH Prize-winner Setchu and Magliano are increasingly grabbing the spotlight, as the Attico, Del Core and Sunnei pass new milestones. from Business of Fashion https://ift.tt/0DhGxIi

Who Did Gucci Better?

Gucci was in the air at two of the most critical shows in Milan this week, writes Imran Amed. from Business of Fashion https://ift.tt/fVK9aps

Can Lightning Strike Thrice at Gucci?

New designer Sabato De Sarno is thrown in at the deep end as the brand aims for a turnaround, writes Tim Blanks. from Business of Fashion https://ift.tt/P3XoKTU

What Fashion PR & Communications Professionals Need to Know Today

BoF Careers provides essential sector insights for fashion PR & communications professionals this month, to help you decode fashion’s creative landscape. from Business of Fashion https://ift.tt/bRQE4Nr

Adidas CEO Gulden Apologises for Statements on Ye

Adidas AG chief executive officer Bjorn Gulden has apologised for questioning whether Ye, formerly known as Kanye West, really meant the antisemitic statements he made last year. from Business of Fashion https://ift.tt/TlvFgJO

Why Didn’t Fashion Show Up for Climate Week?

This week, New York played host to one of the world’s largest climate confabs, but there was little visible presence from fashion’s biggest companies. If the industry doesn’t pull up a seat at the table, it risks getting left behind. from Business of Fashion https://ift.tt/gAwHYjs

The BoF Podcast | How to Break Into the Modelling Industry – and Last

BoF founder and editor-in-chief Imran Amed speaks to veteran modelling agent Chris Gay to understand the shifting power dynamics in the modelling industry and how models can build a career that stands the test of time. from Business of Fashion https://ift.tt/o20Oe9P

In Paris, Glimpses of Azzedine Alaïa’s Unrivalled Fashion Archive

The late designer’s archive of nearly 20,000 pieces ranging from Madame Grès and Schiaparelli to Comme des Garçons and Gaultier is like a ‘real-life backup disk of 20th century fashion,’ writes Laurence Benaïm. from Business of Fashion https://ift.tt/1pQGYaU

The Miuccia-ness of Prada, the Gucci-ness of Tom Ford

While Miuccia Prada says goodbye to her longtime right hand, Tom Ford’s takes centre stage, writes Tim Blanks. from Business of Fashion https://ift.tt/xKsOTMV

Next Raises Profit Outlook Again and Says Prices Could Fall in Spring

Next has raised its full-year profit expectations for the third time in four months and signalled that prices could start to fall next spring for the first time in at least two years. from Business of Fashion https://ift.tt/8ZTpGCj

Does High Fashion Cachet Matter in Skin Care?

Designer collaborations with beauty lines can offer shoppers status, but it’s unclear which party benefits more. from Business of Fashion https://ift.tt/tHjO9Nf

Milan, Day One: The Elegy and the Ecstasy

A solemn Fendi and a rave-y Diesel were both, in their own ways, studies in extremes, writes Tim Blanks. from Business of Fashion https://ift.tt/sEDjeAt

How Good Growth Is Unlocking More Effective Customer Data Insights

The data and technology business has developed proprietary tools that allow analysis of customer engagement, marketing strategies and lifetime value, working with the likes of The Economist, MyTheresa and Diageo. BoF speaks to Good Growth’s CEO and co-founder to learn more. from Business of Fashion https://ift.tt/JY7gb6A

Carrera ‘Smart’ Glasses Set for US Launch by Safilo and Amazon

Italy’s Safilo and Amazon said on Wednesday they were launching new Carrera-branded “smart” glasses which employ Alexa technology and will be sold in the US market. from Business of Fashion https://ift.tt/YKS5bWp

Moschino Close to Naming New Creative Director

Italy’s fashion label Moschino will hire its new creative director in the next few weeks, said Massimo Ferretti, the executive chairman at Aeffe, which owns the brand. from Business of Fashion https://ift.tt/7yQSGMw

Unilever Looks to Sell Non-Core Brands

Unilever Plc has hired investment banks Morgan Stanley and Evercore Inc to sell a basket of non-core beauty and personal care brands that include Q-Tips and Impulse, reviving an effort it abandoned two years ago, according to people familiar with the matter. from Business of Fashion https://ift.tt/ArkNvPM

Why Puma Sees a Future in Virtual Products, Despite the NFT Bust

The sneaker brand has faced challenges in the year since it launched a 3D online space and introduced NFT-linked sneakers, but it sees a long-term opportunity ahead in virtual goods and experiences, including a chance to make them a significant part of its business. from Business of Fashion https://ift.tt/gnyhoBM

Case Study | The Essential Brand Marketing Guide

Building emotional, even inspirational, connections to a product is more critical than ever in fashion and beauty. In today’s hyper-competitive, crowded environment, marketing strategies that make brands stand out and stay culturally relevant need a mix of old and new tactics. from Business of Fashion https://ift.tt/CGt6mUq

H&M Has Begun Charging for Returns

Fast fashion giant H&M has eliminated free returns for online purchases in the UK, where customers will now be required to pay £1.99 for both parcel and in-store returns. from Business of Fashion https://ift.tt/apKekDg

Sabato De Sarno’s High-Stakes Gucci Debut

The designer’s first outing this Friday will be a major test for the Italian megabrand and owner Kering. from Business of Fashion https://ift.tt/d8E1Yx5

HanesBrands Considers Sale of Athletic Apparel Maker Champion

As part of a strategic review, for which HanesBrands has tapped Goldman Sachs as an advisor, its board will consider a range of options, including a strategic transaction as well as continuing to operate the brand. from Business of Fashion https://ift.tt/9VnuzHv

BoF Masterclass | The Essential Brand Marketing Guide

Join us for a BoF Professional Masterclass that explores the topic in our latest Case Study, “The Essential Brand Marketing Guide.” from Business of Fashion https://ift.tt/h7qMdnV

How Small Brands Fund Fashion Shows on a Budget

For emerging designers, fashion shows are a rite of passage, and a means of building both media buzz and relationships with buyers. But even a basic show can cost up to $300,000. from Business of Fashion https://ift.tt/fqiQWTt

Pandora Sees ‘Christmas Every Day’ With Lab-Grown Diamond Demand

Pandora A/S has found the sweet spot to seize on rising demand for lab-grown diamonds in the US and other markets, the company’s chief executive officer said, positioning it for long-term growth. from Business of Fashion https://ift.tt/oZQ2A8c

Luxury Shoppers Are Sobering Up but It’s Not All Bad News

Appetite for luxury is becoming universal, while the sky’s the limit for the top end of the market, writes Luca Solca. from Business of Fashion https://ift.tt/unBVJvO

Shein Vows to Cut Clothing Waste, but Can the Ultra-Fast Fashion Brand Really Change?

The Chinese company hopes to alleviate its environmental impact through programmes like EvoluShein, which focuses on producing garments out of recycled polyester and reducing waste from unsold clothes. from Business of Fashion https://ift.tt/vhKCEI4

Chioma Nnadi to Lead British Vogue

The editor of Vogue.com will become British Vogue’s head of editorial content, Condé Nast announced, as editor-in-chief Edward Ennininful prepares to step back from the title. from Business of Fashion https://ift.tt/w6AzX7K

Harry Styles’ Pleasing To Launch Fragrance

In August, the brand began teasing the launch of its three upcoming scents, Closeness, Rivulets and Bright, Hot, with peel-off fragrance strip samples in customers’ e-commerce orders. The scents, which will launch in October, were made in partnership with natural fragrance maker Robertet. from Business of Fashion https://ift.tt/Fsrhjl8

Luxury Skin Care Label Eighth Day Receives Minority Investment From L Catterton

The capital will help the brand grow its executive team, expand its product assortment and reinforce its global presence. from Business of Fashion https://ift.tt/zqmdr8n

Birkenstock Files for US IPO

The company will trade on the New York Stock Exchange under the symbol BIRK. from Business of Fashion https://ift.tt/wc3M6N1

Daniel Lee’s Burberry: The Power of the Singular Object

Accessories are a major part of Daniel Lee’s brief at Britain’s biggest fashion brand. In an exclusive preview with Tim Blanks, the designer breaks down how his Spring/Summer 2024 collection addresses the challenge. from Business of Fashion https://ift.tt/dU9oj34

In London, Play with Plasticine and Messy Dressing

Susie Lau reports from the first half of London Fashion Week: JW Anderson, Roksanda, Molly Goddard and more. from Business of Fashion https://ift.tt/28i7bVM

Balmain Collection Robbed in Run-Up to Fashion Show, Designer Says

French fashion house Balmain has lost dozens of pieces due to be unveiled at a Paris show later this month after a lorry carrying the clothing was hijacked, its creative director Olivier Rousteing said. from Business of Fashion https://ift.tt/9tZlqeM

Pricing in Focus as Inditex Seeks to Maintain Its Edge Over Rivals

Zara owner Inditex, which was among the first fashion retailers to raise prices in response to surging inflation, is in a strong financial position as weakening demand for clothing puts pressure on the sector to lower prices, analysts say. from Business of Fashion https://ift.tt/BzVEiry

Setting the Stakes for Gucci, Tom Ford and Burberry

For big luxury brands, runway shows usually aren’t make-or-break. This week offers at least one exception to the rule. That, plus what else to watch for in the coming days. from Business of Fashion https://ift.tt/EJR6m2q

Birkenstock Reveals 21% Revenue Jump in Updated Financials Ahead of IPO

- September 15, 2023

German premium footwear maker, Birkenstock Holding’s revenue jumped 21 percent in the nine months that ended June 30, it said in updated paperwork for a U.S. stock market listing on Friday. from Business of Fashion https://ift.tt/OwA5sMD

Thieves Swarm Luxury Malls, Driving Retail Crime to $100 Billion

- September 15, 2023

Malls across the US have been ‘flash robbed’ by groups of about 20 to 30 suspects stealing retail merchandise. from Business of Fashion https://ift.tt/xQROwLF

The Legacy of London’s Original Young Designer Support Scheme

Many of the most promising young labels to participate in London’s NewGen scheme went boom… before they went bust. But the programme, which turns 30 this year, enables a laboratory of creativity that benefits the whole industry, writes Susanna Lau. from Business of Fashion https://ift.tt/VXQoLdN

Vogue World Touches Down in London

The event showcased Anna Wintour’s power to convene stars from across popular culture and positioned fashion — and the Vogue brand — as a kind of connective tissue between the worlds of music, film, theatre and more. from Business of Fashion https://ift.tt/KiQBmoP

British Retailer John Lewis Says Turnaround Delayed by Two Years

John Lewis Partnership’s turnaround will take two years longer than planned and cost more money, the British retailer warned on Thursday, as stubborn inflation and rising interest rates batter shoppers and store groups alike. from Business of Fashion https://ift.tt/uAMDZzi

Sephora North America Names Artemis Patrick as President, CEO Jean-André Rougeot to Retire

The French beauty retailer announced Thursday that Jean-André Rougeot, Sephora North America’s chief executive and president, will retire in April 2024. from Business of Fashion https://ift.tt/aMveRoU

In New York, Sea Creatures and the Seventies

The second half of New York Fashion Week suggested the season wasn’t just about 90s influences but gossamer fabrics, trawling nets, big jackets over tiny skirts and when in doubt lace, lace, lace, reports Lynn Yaeger. from Business of Fashion https://ift.tt/31WUErs

US Sales and Top Spending Customers Drive Sales at Mytheresa

The Munich-based e-tailer is benefitting from its focus on courting luxury’s wealthiest shoppers, CEO Michael Kliger told BoF. from Business of Fashion https://ift.tt/vhS1M9i

Innovating Influencer Marketing to Drive Growth

In 2022, brands spent more than three times the amount than 10 years prior to acquire each customer through marketing. Jennifer Piña, vice president of strategic partnerships at social commerce platform MagicLinks, shares why influencer marketing remains a powerful investment. from Business of Fashion https://ift.tt/82EAstg

Inditex Sees Sales and Profits Rise in First Half of 2023

Inditex, parent company of Zara, reported a sales increase of 13.5 percent and a 40 percent rise in profits in the first six months of 2023, beating expectations. from Business of Fashion https://ift.tt/mgIY49c

Ermenegildo Zegna’s First Half Operating Profit Jumps 45%

Italian fashion group Ermenegildo Zegna said on Wednesday its first-half adjusted operating profit grew 45 percent to €120 million ($129 million). from Business of Fashion https://ift.tt/Rj0Q4wO

Why Collina Strada’s Hillary Taymour Thinks Generative AI Is a ‘Game Changer’

The buzzy brand, which used the technology to help design the collection it showed at New York Fashion Week, appears to be the first to use it to create physical runway looks, or at least the first to acknowledge it. from Business of Fashion https://ift.tt/BpyZUAo

How Small Brands Fund Fashion Shows

For emerging designers, fashion shows are a rite of passage, a means of building buzz and relationships with buyers and press. But, from venue to production and publicity, even the most basic show can cost upwards of $300,000 — BoF unpacks how brands make it happen on a budget. from Business of Fashion https://ift.tt/DdZEUyg

Birkenstock Files for US IPO

The company will trade on the New York Stock Exchange under the symbol BIRK. from Business of Fashion https://ift.tt/JgKM8WX

Apple Ditches Leather for New Products

The tech giant said Tuesday that it would no longer use leather in any new products, including watch straps — part of efforts to reduce its environmental footprint. from Business of Fashion https://ift.tt/tb6Y785

Bloomingdale’s Names Olivier Bron as CEO

Macy’s Inc., the parent company of Bloomingdale’s, has appointed Olivier Bron as the new chief executive of the New York-based department store chain. from Business of Fashion https://ift.tt/78kGOsp

Primark Owner AB Foods Raises Profit Outlook Again

Associated British Foods raised its full-year profit outlook on Tuesday for the second time in four months, driven by resilient trading at its Primark fashion business and a strong performance from its food operations in its latest quarter. from Business of Fashion https://ift.tt/od2Asth

White Paper | Inside the Transformation of Retail Careers

The latest BoF Careers’ white paper delves into how retailers can reimagine staffing practices to unlock growth, increase retention and improve the perception of retail careers as in-store talent becomes more critical than ever to success. from Business of Fashion https://ift.tt/VIGXEZQ

KKR Raises Stake in Indian Billionaire Ambani’s Reliance Retail With $250 Million

KKR & Co. Inc. has increased its stake in Indian billionaire Mukesh Ambani’s Reliance Retail Ventures by investing an additional $250 million at a valuation of $100 billion, adding to its bet on the country’s biggest retailer. from Business of Fashion https://ift.tt/JaIP7Uj

Pricing in Focus Inditex Seeks to Maintain Its Edge Over Rivals

What Fashion’s Creative Talent Needs to Know Today

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/rzlfCva

Introducing Naked Wolfe and Adanola

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/fW2gFzN

New York’s New Cohort of Designers Wants to Clean Up Fashion

This season more than 30 brands on the New York Fashion Week calendar have a focus on sustainability. from Business of Fashion https://ift.tt/J0wElfz

Blancpain and Swatch Collaboration Sparks Another Sales Surge

The Swatch brand’s latest collaboration, a tie-up with the luxury diving watch Blancpain, debuted Saturday with thousands queuing at stores from Sydney to Tokyo and at major European cities for a chance to buy the timepiece. from Business of Fashion https://ift.tt/XHe1DAT

At New York Fashion Week, the Revolution That Wasn’t

From Collina Strada’s neo-Victorianism to Khaite’s icy elegance, Lynn Yaeger reports from the New York shows. from Business of Fashion https://ift.tt/WLMNT8k

Fast Fashion’s Bright Present and Cloudy Future

Results from Zara owner Inditex are likely to reflect rising sales, but regulatory challenges loom. That, plus what else to watch for in the coming week. from Business of Fashion https://ift.tt/4pJsytA

This Fashion Month, Let’s Take Care of Ourselves First

Post-Covid, people across fashion are seeking alternatives to the pressure and expectations that come from working in such a fast-paced industry, writes Imran Amed. from Business of Fashion https://ift.tt/ypgS3CM

Marc Bohan, Longest-Serving Dior Designer, Has Died

Marc Bohan, creative director of Christian Dior for almost three decades, has died, the French couture house confirmed on Friday. Bohan was Dior’s longest-serving designer, occupying the position longer than Monsieur Dior himself. from Business of Fashion https://ift.tt/amD2Pqn

Why the Time Is Right for a Gorpcore IPO

Amer Sports, the owner of Arc’teryx and Salomon is eyeing a US listing at a $10 billion valuation, even as fashion may be moving on from its outdoor fashion craze. from Business of Fashion https://ift.tt/eU0OMSi

TikTok’s New Amazon Copycat Is Full of Cheap Chinese Goods

The app’s Shop feature, which has gone live for some US users, is plagued by the same problems with a free-for-all marketplace Amazon has faced. from Business of Fashion https://ift.tt/8JZp2Rl

Fforme: A Quiet Luxury Label Making Noise in New York

‘I think New York is hungry for the level of quality we offer,’ says designer Paul Helbers ahead of Fforme’s runway debut on Sunday. from Business of Fashion https://ift.tt/Kc4l5oq

A ‘Climate of Fear’ in Fashion’s Supply Chains

The killing of a union leader in Bangladesh this summer has heightened anxiety over the risks facing labour organisers amid a broader, often violent, crackdown on labour rights. from Business of Fashion https://ift.tt/SOdx8G6

Can Peter Do Restore Helmut Lang to Its Former Glory?

“More than ever we need non-fussy clothing,” the designer told BoF in a preview of his debut collection for Helmut Lang — the once-groundbreaking label’s first outing in four years. from Business of Fashion https://ift.tt/Ysdqf8L

Shoppers Say They Want Sustainable Goods, but Won’t Pay More

Consumer goods makers and retailers investing in sustainably made products after years of shopper outcry say they face an uphill struggle convincing people to switch when those products cost more or look inferior. from Business of Fashion https://ift.tt/AF9Ka8o

Pinault Buys Majority Stake in CAA

Pinault family holding Artémis is acquiring private equity firm TPG’s stake in the Hollywood talent powerhouse for an undisclosed sum. from Business of Fashion https://ift.tt/OGj2xPy

Aura Blockchain Consortium Names New CEO

Romain Carrere, a tech entrepreneur whose background includes advising web3 start-ups and luxury companies, is tasked with driving the group’s “new phase of growth.” from Business of Fashion https://ift.tt/QwvmDy5

For Celebrity Beauty Brands, a Cloudy Future

E.l.f.’s $355 million acquisition of Naturium doesn’t change the fact that most influencer, actor and musician-fronted brands need to radically rethink their approach. from Business of Fashion https://ift.tt/wbTdI1c

Inside the Apparel Team at On with Tim Coppens

On’s apparel designer discusses how collaboration, product innovation and sustainability plays into the design approach at the Roger Federer-backed Swiss sportswear brand. from Business of Fashion https://ift.tt/jFyv2bl

Consortium Brand Partners Acquires Majority Stake in Draper James

Fund manager Consortium Brand Partners has acquired a 70 percent stake in Reese Witherspoon’s fashion and lifestyle brand Draper James. from Business of Fashion https://ift.tt/ftQhmCA

Arc’teryx- and Salomon-Owner Amer Sports Files for US IPO

Amer Sports, the maker of Wilson tennis rackets and Salomon ski boots, has filed confidentially for a US initial public offering that could value the group at as much as $10 billion, people familiar with the matter said. from Business of Fashion https://ift.tt/U7snbMw

How the Internet Changed Menswear

The internet let guys find community in clothing and helped popularise fashion among men, but it has also fostered a mentality that prioritises scoring points online, according to Derek Guy, aka ‘Menswear Guy,’ who has inadvertently become one of social media’s most prominent menswear commentators. from Business of Fashion https://ift.tt/PicHD6G

L Catterton Takes Minority Stake in Swedish Hair Care Brand Maria Nila

L Catterton, the LVMH-backed private equity firm, is acquiring a minority stake in Swedish hair care brand Maria Nila. from Business of Fashion https://ift.tt/Tcf0aZS

Audemars Piguet CEO Sees Record Sales in 2023

Strong demand for the Swiss luxury watch brand’s pricey timepieces has put sales on track to hit fresh highs. from Business of Fashion https://ift.tt/4p8LCFm

H&M Taps Heron Preston as Creative Menswear Advisor

The New York-based designer will create his own collection for the retailer, launching in 2024. As part of his long-term role, Preston will also consult on the brand’s overall menswear assortment. from Business of Fashion https://ift.tt/XPrsCfL

Under Armour Appoints John Varvatos Chief Design Officer

The fashion veteran will be charged with overseeing the company’s design direction and blending "performance and style" in its apparel, footwear and accessories. from Business of Fashion https://ift.tt/MkXuyzB

Major Helmut Newton Exhibition to Open in Spain

Titled “Fact & Fiction,” the exhibition will explore the life of the late photographer, best known for provocative fashion imagery and sexually charged portraits that earned him the moniker “The King of Kink.” from Business of Fashion https://ift.tt/hnFS2u0

Worldview: Why Japan’s Sogo & Seibu Department Store Employees Went on Strike

This week’s round-up of global markets fashion business news also reveals the succession plan for an Indian retail billionaire, Kenya’s strategy to revitalise its textile industry and forced labour in Turkmenistan’s cotton harvest. from Business of Fashion https://ift.tt/ysWUY3S

LVMH-Backed Luxury Watch Site Hodinkee Cuts a Fifth of Jobs

The company has eliminated about two dozen positions, according to people familiar with the matter. from Business of Fashion https://ift.tt/UZpnBc0

L’Occitane Shares Shed 30% After Owner Shelves Take-Private Deal

L’Occitane’s stock slid to HK$19.70 in early trading after chairman Reinold Geiger’s investment holding company, L’Occitane Groupe SA, decided not to go ahead with a take-private offer it last month said would be worth no less than HK$26.00 a share. from Business of Fashion https://ift.tt/HuA3zSE

Director Purchases Fuel Surge in Watches of Switzerland Shares

Chief financial officer Anders Romberg, chairman Ian Carter and non-executive directors Tea Colaianni and Robert Moorhead spent an aggregate of about £890,000 ($1.1 million) buying more than 150,000 shares on Friday, filings to the London Stock Exchange showed on Monday. from Business of Fashion https://ift.tt/h5ztAKX

Amyris’ Bankruptcy Proceedings Show Significant Drop In Consumer Revenue

The biofuels-turned-beauty company saw consumer brand net sales fall from $175.5 million in 2022 to $59 million as of June 2023. from Business of Fashion https://ift.tt/F28em7c

Luxury Retailers Are Following the Money to India’s New Affluent

A few blocks from the Reserve Bank of India’s headquarters in Mumbai lies the true marker of the country’s rising wealth — a new store from Indian fashion designer Sabyasachi Mukherjee in a restored building dating from the early 1900s. from Business of Fashion https://ift.tt/LErOIlo

Why Student Loans Are Retail’s Latest Headache

Forty-five million American consumers will have to account for a new expense this fall as the three-year pause on student loan interest accruement ends. Retailers resilient to the shock will be those that offer a distinct assortment of products while conveying a sense of value. from Business of Fashion https://ift.tt/B4q1mTD

L’Occitane Halts Trading in Hong Kong as Take-Private Bets Swell

The firm said in August that its controlling shareholder was considering a possible deal to take the company private with a minimum possible offer of HK$26 ($3.31) per share. from Business of Fashion https://ift.tt/litrD0m

Inside the Changing Landscape of Swiss Watch Fairs

- September 03, 2023

At Geneva Watch Days 2023, CEOs of Bulgari and Breitling fuelled the fire of an ongoing rivalry with Watches and Wonders. The comments come as Swiss watchmaking’s calendar fills up with more events both in Switzerland and abroad. from Business of Fashion https://ift.tt/6M4BDC8

At New York Fashion Week, a Big Return and a Big Debut

- September 03, 2023

New York Fashion Week kicks off on Friday, bringing the return of Ralph Lauren and Peter Do’s first collection for Helmut Lang. Plus, what else to watch for this week. from Business of Fashion https://ift.tt/tmFGBuf

Prada’s Design Director to Step Back from Company

- September 02, 2023

Fabio Zambernardi—Miuccia Prada’s right-hand at Prada and Miu Miu since the 1990s—is preparing to exit the Milanese fashion group at year end, sources said. from Business of Fashion https://ift.tt/4LuJ3Sr

Meta May Allow Facebook, Instagram Users in EU to Pay to Avoid Ads

Those who pay for the subscriptions would not see ads, while Meta would also continue to offer free versions of the apps with ads in the EU, the report said, citing three people with knowledge of the plans. from Business of Fashion https://ift.tt/E8rQSVJ

What Uganda’s ‘War’ on Used Clothing Imports Means for Fashion

In late August, Uganda’s President pledged to ban used clothing imports. It’sthe latest sign that the complicated and controversial secondhand clothing trade is getting increasingly political. from Business of Fashion https://ift.tt/wQi8MbZ

Fast Fashion Firms Prepare for EU Crackdown on Waste Mountain

Within a year, the sorting centre run by garment re-use and recycling charity Moda Re plans to double the volume it handles to 40,000 metric tonnes annually. from Business of Fashion https://ift.tt/9lvBfu7

Superdry Expects Little Revenue Growth After Reporting Annual Loss

“This has been a difficult year for the business and the market conditions have been extremely challenging, especially in wholesale,” founder and CEO Julian Dunkerton said in a statement. from Business of Fashion https://ift.tt/Zd6wrzC

How Hollywood Stylists Can — and Just Might — Unionise

Strict labour laws in the US have long stood in the way of unionising efforts in creative industries like fashion. But in light of Hollywood’s historic strike and the ever-burgeoning gig economy, the tides may be shifting. from Business of Fashion https://ift.tt/OUVtlXh

François-Henri Pinault Nears $7 Billion Deal for CAA

Pinault sees CAA as a way to invest in the value of celebrities and may be able to use some of the Hollywood talent giant’s famous faces to bolster luxury group Kering. from Business of Fashion https://ift.tt/7dfHSUW

Lululemon Raises Sales Forecast for Second Time on Buoyant Demand

The company now expects full-year 2023 revenue between $9.51 billion and $9.570 billion, compared with its prior estimate of $9.44 billion to $9.51 billion. from Business of Fashion https://ift.tt/wNMJbqy

US Consumer Spending Accelerates; Declining Savings a Red Flag

Consumer spending increased just 0.8 percent last month as the labour market cools. from Business of Fashion https://ift.tt/c0pBmk1

The Reinvention of the Celebrity Hairstylist

A new wave of haircare gurus who are just as much at home on Instagram as the salon are driving booming sales for prestige hair products at beauty retailers like Sephora and Ulta. from Business of Fashion https://ift.tt/FktSmh2

Revolution Beauty Appoints New CEO

Revolution Beauty Group on Thursday appointed Lauren Brindley as its CEO as the British makeup company is roiled by accounting investigation and shareholder calls for better management. from Business of Fashion https://ift.tt/DKIJ5Al

Tremaine Emory Exits Supreme, Alleging ‘Systematic Racism’

The streetwear giant’s creative director has submitted a letter of resignation, seen by BoF. Emory was Supreme’s first major appointment since it was acquired by VF Corp in 2020. from Business of Fashion https://ift.tt/pSvVqmM

Lanvin Group Ekes Out 6.4% Growth in First Half

Its flagship brand struggled following the departure of its creative director but better growth was seen at other labels. from Business of Fashion https://ift.tt/MoES1Hf

J&J Lowers Annual Profit Outlook After Kenvue Separation

Johnson & Johnson cut its guidance for 2023 adjusted profit after separating the Kenvue Inc. consumer health company. from Business of Fashion https://ift.tt/K0H2RjP

UK’s FCA Temporarily Suspends Superdry’s Shares on Request

The company said its annual results would be delayed and that it had requested the suspension of trading in its shares as it works with its auditor RSM UK Audit LLP. from Business of Fashion https://ift.tt/hq7JbLo

The EU’s New Rules on Personalised Social Media Feeds, Explained

The Digital Services Act could impact how fashion brands and marketers reach their online audiences, particularly if they depend on algorithmic recommendations for visibility and engagement. from Business of Fashion https://ift.tt/NYfvsF2

Forward Fashion Holdings Sees Sales Rise in Macau and Hong Kong, but Fall in Mainland China

The Chinese luxury group generated HKD 505.4 million (US$64.4 million) in the six months ended June 30, calling the period "challenging." from Business of Fashion https://ift.tt/pFMzDGE

Forward Fashion Holdings Sees Sales Rise in Macau and Hong Kong, but Fall in Mainland China

The Chinese luxury group generated HKD 505.4 million (US$64.4 million) in the six months ended June 30, calling the period "challenging." from Business of Fashion https://ift.tt/uYvy89l

Theory Taps Chloé Executive as New Europe CEO

Theory, the New York-based contemporary fashion brand owned by Japanese conglomerate Fast Retailing, has appointed Marco Gentile to be its new chief executive officer for the UK and Europe. from Business of Fashion https://ift.tt/4Zmo3aJ

Afterpay Pulls Out as Sponsor of Australian Fashion Week

The buy-now, pay-later platform has withdrawn its sponsorship of Australian Fashion Week, after signing a three-year deal for the naming rights of the event in 2020. from Business of Fashion https://ift.tt/QYtnPw0

US States Ask SEC to Check if Shein Complies With Forced Labor Rules

Republican attorneys general from 16 US states asked the Securities and Exchange Commission to audit China-founded fast-fashion retailer Shein’s supply chain for the use of forced labour ahead of its potential initial public offering. from Business of Fashion https://ift.tt/52DOgpS

E.l.f. Acquires Naturium in $355 Million Bet on Skin Care

The purchase of the high-growth indie label marks the company’s first M&A deal since 2020. from Business of Fashion https://ift.tt/KhcJos3

How Richard Mille Became The Cult Watch Brand of the Ultra-Rich

The timepieces priced above $250,000 signal a very specific kind of status. from Business of Fashion https://ift.tt/on0tqYx

How to Keep Employees Happy After a Merger

The value of a newly acquired brand can plummet if the people who made it a creative and commercial force rush for the exits as soon as the deal closes. from Business of Fashion https://ift.tt/4W26wMd

Peter Do, Maison Margiela and Marni to Show at Paris Fashion Week

The Fédération de la Haute Couture et de la Mode, Paris Fashion Week’s governing body, released its schedule for the Spring/Summer 2024 season, which will run from Sept. 25 to Oct. 3. from Business of Fashion https://ift.tt/ESa84y6

Brazil’s Natura Mulls Sale of the Body Shop

Brazilian cosmetics maker Natura &Co on Monday said its board of directors had authorised the company to search for “strategic alternatives” for its subsidiary The Body Shop, including a potential sale of the business. from Business of Fashion https://ift.tt/kdfWgau

The Luxury Brands Pushing the Upper Limit of What Makeup Can Cost

Designer houses are marketing formerly disposable beauty products into collectibles, with prices to match. Welcome to the age of $500 lipstick. from Business of Fashion https://ift.tt/iRmWAJS

Op-Ed | Fashion’s Sustainability Tools Prop Up a Broken System

- August 27, 2023

Efforts to measure the environmental impact of clothes have a fatal flaw: They don’t account for overproduction, argues Beth Esponnette. from Business of Fashion https://ift.tt/N2Ck9dY

Retail’s Two-Track Approach to the Holiday Shopping Season

- August 27, 2023

The end of back-to-school season puts the focus on all-important holiday sales. Mixed signals on consumer spending make forecasters’ jobs even more complicated than usual. That, plus what else to watch for in the coming week. from Business of Fashion https://ift.tt/5gHjOTh

Ulta Beauty Rides on Resilient Cosmetics Demand to Post Beat-and-Raise Quarter

Ulta Beauty on Thursday raised its annual earnings and revenue forecast, bolstered by resilient demand for its premium cosmetics and fragrances despite a broader decline in discretionary spending, and posted a better-than-expected quarterly profit. from Business of Fashion https://ift.tt/ziP6Wcy

Gap Eyes Weak Third Quarter Sales as Consumer Spending Weakens

Gap Inc forecast third-quarter sales below expectations and missed Wall Street estimates for quarterly sales. from Business of Fashion https://ift.tt/E0iOA8N

Rolex to Buy Bucherer in Major Retail Move for Swiss Giant

Rolex SA is buying the luxury retailer Bucherer AG in a deal that will give the biggest Swiss watch brand a major presence in consumer sales for the first time. from Business of Fashion https://ift.tt/TRfwo5K

Mary Earps Goalkeeper Shirts to Go on Sale After Nike U-Turn

The England goalkeeper Mary Earps’ penalty save in the Women’s World Cup final was one of the most nail-biting moments of the tournament, and there was a public outcry from fans when Nike refused to sell replicas of her green jersey. from Business of Fashion https://ift.tt/HZaXREd

Can Gen-Z Save Marc Jacobs Again?

Heaven, the designer label’s lower priced diffusion line that leans on grunge, rave and Y2K, has been a hit with younger shoppers. Marc Jacobs Beauty, under Coty, should follow its lead. from Business of Fashion https://ift.tt/RXgp5Ik

Shein Will Sell Forever 21 Clothes With SPARC Group Partnership

Online fast fashion juggernaut Shein and SPARC Group — a joint venture between licensing firm Authentic Brands Group and mall operator Simon Property Group — have formed a partnership that could see Forever 21 clothing and accessories sold on Shein’s site, and Shein roll out shop-in-shops inside Forever 21 Stores. from Business of Fashion https://ift.tt/sAdlJ6t

H&M to Reopen Most Ukrainian Stores

The retailer temporarily closed its stores in Ukraine following Russia’s invasion of the country in February of last year. from Business of Fashion https://ift.tt/U5odyKg

Why Anne Imhof, Queen of Hardcore, Is Selling Merch

The Berlin-based art star is selling hoodies, T-shirts, bombers and caps from her latest exhibition at Dover Street Market. from Business of Fashion https://ift.tt/XzJBhIg

Abercrombie Shares Soar After Boosting Full-Year Outlook

Abercrombie & Fitch Co. soared after hiking its full-year guidance, a sign that some teens and young millennials are still eager to spend if the styles and prices are right. from Business of Fashion https://ift.tt/a0vpZVk

Qatar Investment Authority Invests $1 Billion in India’s Reliance Retail Ventures

The Gulf sovereign wealth fund will acquire a 1 percent stake in Mukesh Ambani’s conglomerate, nearly doubling its valuation to $100 billion from its last funding round in 2020. from Business of Fashion https://ift.tt/mECDxN1

Can Technology Create a Better Off-Price Ecosystem?

One start-up is trying to shake up the lucrative and entrenched off-price ecosystem by building an online marketplace to more efficiently connect sellers and buyers of retail’s excess inventory. from Business of Fashion https://ift.tt/qfV5ig7

Do Shoppers Still Want Retailers’ Private Brands?

Amazon just closed most of its in-house clothing brands and Macy’s is rethinking its approach. But when done right, store lines can take on a life of their own. from Business of Fashion https://ift.tt/5648kKp

Dick’s Sporting Goods Claims Retail Theft Lowered Profits

Dick’s Sporting Goods saw reduced profits in the second quarter of the year, blaming an increase in retail theft, also called “shrink” or “shrinkage” in the retail industry. from Business of Fashion https://ift.tt/UkWhLBA

Nike Eyes Record Losing Streak on China Concern, Inventory Woes

Nike Inc. shares are on track to suffer a record streak of losses as concern over China’s sluggish consumer recovery builds, and elevated merchandise stockpiles continue to weigh on profitability across the activewear industry. from Business of Fashion https://ift.tt/9deYW1o

Macy’s Falls as Markdowns to Clear Inventory Cut Into Sales

Macy’s Inc. comparable sales beat analyst expectations, but a significant drop from a year ago shows that department store customers are pulling back on purchases. from Business of Fashion https://ift.tt/9wWxKqa

Coty Flags Lower-than-Expected Profits, Citing Rising Costs

CoverGirl parent Coty forecast annual profit below Wall Street expectations on Tuesday, signalling a hit from steeper input expenses in the first half of the year, and said it would raise product prices as it battles higher costs and a strong dollar. from Business of Fashion https://ift.tt/ngI169M

Why Cameroon Is Fashion’s Gateway to Central Africa

The country has attracted global retailers like Mango and LC Waikiki thanks to a relatively diversified economy and higher consumer purchasing power than other markets in the subregion. from Business of Fashion https://ift.tt/9qsv4C7

Worldview: China’s JD.com Beats Q2 Revenue Estimates

This week’s round-up of global markets fashion business news also features pan-African e-commerce major Jumia, the Kuwaiti venture of UAE-based Apparel Group and a wage hike for Cambodian garment workers. from Business of Fashion https://ift.tt/3DnvfN0

Dick’s Sporting Goods Lays Off 250 Corporate Employees

Some of the savings from the cuts will be used to hire more workers in other areas, the person said, asking not to be identified because the information isn’t public. Retail employees weren’t affected by the cuts. from Business of Fashion https://ift.tt/vix1VaY

What Big Brands’ Sustainability Reports Won’t Tell You

For much of the last decade, advocates for sustainable businesses have argued that reporting on ESG measures would lead to a sustainable future. It hasn’t happened, writes Kenneth Pucker. from Business of Fashion https://ift.tt/TGZ0z7L

Marc Jacobs Beauty Is Coming Back

Coty is preparing to relaunch the designer’s cosmetics line, which closed abruptly in 2021 to the dismay of its small but devoted fan base. from Business of Fashion https://ift.tt/fYEUrPt

Walmart, Centric Probe Suppliers For Potential Links to Cambodia Women’s Prison

Walmart and Centric Brands are investigating their supply chains in Cambodia over allegations that inmates at the country’s largest women’s prison were illegally employed to produce garments for export. from Business of Fashion https://ift.tt/3aMb4vQ

What Investors Are Looking For in a Beauty Start-Up

Private equity shops and venture capitalists are being more discerning with their dollars and yet capital is still critical for emerging brands seeking to stand out in a competitive landscape. from Business of Fashion https://ift.tt/aCmE8Vn

Announcing Showroom and Wardrobe NYC