Fashion World News

Investing in a VIP resale platform is another play from the e-commerce pioneer to win over luxury buyers and sellers. from Business of Fashion https://ift.tt/PB7qUNJ

Ariana Grande has reached a deal to buy assets tied to her r.e.m. beauty brand from a company that recently filed for bankruptcy, according to a court filing. from Business of Fashion https://ift.tt/ipXwFtL

Mainland shoppers have flocked to local tourism hubs like Macau and Hainan over Chinese New Year and are expected to visit Asian destinations like Thailand and Singapore before returning in droves to European fashion capitals later this year. from Business of Fashion https://ift.tt/Xnq2utZ

How to best spend the large sums it will take to cut the fashion industry’s carbon emissions? The Apparel Impact Institute is launching a pre-vetted portfolio of climate solutions in an effort to better direct investment. from Business of Fashion https://ift.tt/htnxR0k

The shapewear, intimates and loungewear label has recruited Robert Norton, formerly president of Moncler Americas, to the newly created role, the company confirmed in a LinkedIn post Monday. from Business of Fashion https://ift.tt/Pi3esAn

Chrono24 GmbH, the biggest dedicated online marketplace for luxury watches, cut about 13 percent of its workforce after prices for the most sought-after Rolex, Patek Philippe and Audemars Piguet timepieces plunged. from Business of Fashion https://ift.tt/1BYjne6

Sabato De Sarno, newly appointed by Kering to reinvigorate its prized Gucci brand, needs to spark heat with a new direction, analysts say. from Business of Fashion https://ift.tt/g1CQnEP

Apax Partners, the private equity firm which acquired the luxury retailer in 2017, has agreed to inject £60 million ($74.2 million) into the business, a spokesperson for the company confirmed Monday. from Business of Fashion https://ift.tt/BrRDSZQ

Like skin care and cosmetics line before them, upstart perfume brands see a path to take market share from the category’s incumbents. from Business of Fashion https://ift.tt/u3MBOdb

Chinese online retailer JD.com Inc. is closing its Indonesia and Thailand e-commerce sites as the company shifts its overseas strategy toward supply-chain and logistics services. from Business of Fashion https://ift.tt/En6UBoe

Japanese beauty group Shiseido Co. is also studying a potential bid for an interest in Aesop, the people said, asking not to be identified discussing confidential information. from Business of Fashion https://ift.tt/9nAkrZM

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/qLhytT2

The fast-fashion retailer has seen sales decline in six of the last seven months, as the novelty of its endless selection of trendy, ultra-cheap clothes wears off. from Business of Fashion https://ift.tt/8KfxeUy

A co-branded sneaker is apparently in the works. from Business of Fashion https://ift.tt/aNyOCB5

The two companies, which occupy different ends of the market, report results this week. Plus, what else to watch for in the coming days. from Business of Fashion https://ift.tt/veBsSAX

Casey Cadwallader and Pieter Mulier prove that iconic design signatures can be rewritten for a new age. from Business of Fashion https://ift.tt/E9j1wXv

The Valentino fashion director will present his first collection for Gucci in Milan in September. from Business of Fashion https://ift.tt/glUA6SW

The brand’s hyperrealistic (but fake) animal heads sparked outrage this week, highlighting the increasingly delicate balance brands must strike between provocative marketing and shifting consumer values. from Business of Fashion https://ift.tt/SoeJ2Wk

Operating income dropped 87 percent to 821 billion kronor ($80 million) in the three months through November, H&M said Friday, far off analysts’ estimates. The stock fell as much as 7.9 percent. from Business of Fashion https://ift.tt/O5fVwZG

Shifting weather patterns are making shopping behaviour harder to predict, adding to inventory management challenges for brands and retailers. from Business of Fashion https://ift.tt/FnMt9C1

Swiss fragrance and flavour maker Givaudan on Wednesday posted a slowdown in end-year sales, putting further strain on margins in a year marked by high input costs and supply chain disruptions. from Business of Fashion https://ift.tt/WFhIQJu

The world’s biggest luxury conglomerate is counting on China’s reopening to boost sales after quarterly growth slowed to a single-digit rate for the first time since 2020. from Business of Fashion https://ift.tt/Kpv4X7F

Supercharged chatbots, hyper-personalised marketing copy and new ways for shoppers to discover fashion online are just a few of the dream applications for ChatGPT and similar AI models. from Business of Fashion https://ift.tt/WximJUV

China’s scrapping of travel curbs this month is expected to revive demand in the global luxury retail market, but many consumers see more reasons to do their high-end shopping locally on the tax-free island of Hainan. from Business of Fashion https://ift.tt/1lb6Mpa

With an uncertain economic outlook, digital brands are forced to make tough calls on whether to cut back on marketing at the expense of growth or continue to spend and accept lower profits. from Business of Fashion https://ift.tt/fjWXZa3

Haider Ackermann’s guest designership for Jean Paul Gaultier’s couture line finally brings the dramatic creative uplift this season has been missing. from Business of Fashion https://ift.tt/emuSWxD

Levi Strauss & Co. reported quarterly revenue that exceeded expectations, suggesting fears of a denim slowdown were overblown amid strong momentum in the direct-to-consumer business and improving trends in Europe. from Business of Fashion https://ift.tt/suOQZaM

Ermenegildo Zegna on Wednesday posted a 2.9 percent fall in fourth-quarter revenue at constant exchange rates hurt by Covid curbs in China. from Business of Fashion https://ift.tt/Zq2ikLT

As frothy beauty valuations come back down to earth, a group of artist-led lines are being primed for acquisition. from Business of Fashion https://ift.tt/FcEtWVk

The crypto market’s dramatic decline hasn’t totally curbed its wild spending, though it does look to be shifting its predilection for loud luxury toward a more discrete sense of style. from Business of Fashion https://ift.tt/VtosgYv

The grand old names Dior, Chanel and Armani have very different ideas about dressing the most demanding clients in fashion from Business of Fashion https://ift.tt/B3F9vaC

Bestseller, C&A, H&M, Inditex, Otto Group, and PVH Corp. are now signatories of the legally binding Pakistan Accord, the companies said in a statement released Monday calling on other businesses to follow suit. from Business of Fashion https://ift.tt/KQwMFNW

The company faced questions about how rabbit felt, which is made from the animal’s hairs, fit with its no-fur policy. from Business of Fashion https://ift.tt/Dh3lycP

Primark reported better-than-expected trading over the Christmas quarter as shoppers returned to stores, parent Associated British Foods said on Tuesday, but cautioned economic headwinds may dent consumer spending in 2023. from Business of Fashion https://ift.tt/0BwcFsL

People of Indian and Pakistani heritage are critical to the UAE’s fashion sector, leading billion-dollar retail empires, trading textiles and jewellery and stitching garments for Middle Eastern brands. from Business of Fashion https://ift.tt/YjKdfcX

When fantasy collides with reality, there’s only one winner, as Schiaparelli’s Daniel Roseberry found out on Monday. from Business of Fashion https://ift.tt/0comyvn

The executive, a company veteran who is currently the chief operating officer of Versace, fills a role that has been vacant since last March. He’s tasked with continuing Kors’ upscale repositioning. from Business of Fashion https://ift.tt/dgJPrkh

The UK-based luxury resale company announced the £7.5 million ($9 million) raise Monday. from Business of Fashion https://ift.tt/Y8cbLEJ

BoF Careers provides essential sector insights for fashion professionals in marketing this month, to help you decode fashion’s marketing landscape. from Business of Fashion https://ift.tt/3z0xK9n

Youssef Marquis, a key PR executive and celebrity wrangler from Givenchy and Louis Vuitton, is launching his namesake communications consultancy, from Business of Fashion https://ift.tt/LpMjORv

Gen-Z’s bright aesthetic may be rising in popularity, but the generation’s individualistic nature may keep it from becoming a full-blown phenomenon. from Business of Fashion https://ift.tt/RqEi5NZ

At its best, the men’s fashion week that closed today offered sculpted lines with little fuss, writes Angelo Flaccavento. from Business of Fashion https://ift.tt/6MaIsuz

This week LVMH will report results, and executives may offer clues about its megabrands’ next steps under new leadership. That plus what else to watch for this week. from Business of Fashion https://ift.tt/2brsVvU

Influencer Irene Kim and V&A curator Rosalie Kim join Chanel executive Yana Peel to chart South Korea’s rise to global creative juggernaut. from Business of Fashion https://ift.tt/9Ubk4lP

This week, a spoof press release claimed Adidas had appointed a co-CEO to address rights violations in its supply chain, a sign of more disruptive and confrontational tactics from advocacy groups focused on the industry. from Business of Fashion https://ift.tt/6qcaBEZ

Zilingo Pte is set to enter liquidation, capping a months-long crisis that shocked Asia’s technology and start-up industries. from Business of Fashion https://ift.tt/Wbn5q80

UK retail sales fell unexpectedly last month, capping the worst year on record after a cost-of-living squeeze forced consumers to pay more for fewer goods. from Business of Fashion https://ift.tt/LK7gy6Z

SMCP Group, the french parent of accessible luxury labels Sandro, Maje, Claudie Pierlot & De Fursac, is launching an academy to make the store associate role more modern and exciting. from Business of Fashion https://ift.tt/T8pyuWC

Nordstrom Inc slashed its annual profit forecast after heavy discounting failed to sway people shopping at its off-price Rack stores, leading to weak holiday sales and pushing its shares down 6 percent in after-hours trading on Thursday. from Business of Fashion https://ift.tt/kbjCtXz

From Prada to Dior, fashion’s embrace of Korean pop stars is going into overdrive as brands look to Asian consumers to fuel growth. from Business of Fashion https://ift.tt/et1j2Kg

Games have become a cultural force in their own right and the preferred entertainment of Gen-Z, which accounts for a fast-growing share of fashion sales. from Business of Fashion https://ift.tt/fV4gvUy

Boohoo Group Plc forecast a double-digit decline in revenue as inflation-squeezed consumers cut back on buying clothes online and return to stores that were shut during Covid lockdowns. from Business of Fashion https://ift.tt/8jmLn79

BoF sits down with Zainab Abdulrazzaq, founder of 3oud.com and organiser of the Oud Fashion Talks, to discover the next steps for the event, designed to cement Kuwait’s place on the international fashion map. from Business of Fashion https://ift.tt/7snNhxJ

Provenance and Silas Capital took a minority stake in Mario Dedivanovic’s Makeup by Mario, valuing the brand at over $200 million. from Business of Fashion https://ift.tt/elQwKgO

The world’s biggest beauty companies aren’t doing enough to tackle their emissions, according to a new report by climate consultancy the Carbon Trust’s Net Zero Intelligence Unit. from Business of Fashion https://ift.tt/LlnZ0Ti

Actress and screenwriter Micaela Coel, actress Penélope Cruz, tennis legend Roger Federer and pop star Dua Lipa will serve as co-chairs alongside Anna Wintour for the annual bash in support of the Metropolitan Museum of Art’s Costume Institute. from Business of Fashion https://ift.tt/lNeo2YQ

The e-commerce giant has appointed Von der Goltz to serve as its chief fashion and merchandising officer, and CEO of the group's Browns unit. from Business of Fashion https://ift.tt/dPRgmBh

Hyram Yarbro and Addison Rae are the latest content creators-turned-founders to discover online fame alone doesn’t translate into beauty sales. from Business of Fashion https://ift.tt/LnvuUXs

Luxury goods makers Richemont and Burberry Group Plc lost almost a quarter of their sales in China as customers were kept at home by strict pandemic controls and a viral surge as the government loosened restrictions. from Business of Fashion https://ift.tt/1wsYJMj

Sephora has dropped Addison Rae’s Item Beauty and Hyram Yarbro’s Selfless by Hyram, which launched at the retailer to much fanfare in 2021. Both influencers failed to develop brands that resonated with their followers. from Business of Fashion https://ift.tt/qnWUx87

The Vivienne Foundation, a non-profit company first established by the late fashion designer in 2019, is launching this week following Westwood’s death in late December. from Business of Fashion https://ift.tt/hRHTwsz

The craft-centric American brand designed by Emily Adams Bode Aujla will present its first women’s collection at its Paris menswear show on Jan. 21, reported Vogue. from Business of Fashion https://ift.tt/CTXPuiR

Beijing’s Covid-19 policy shift will give the sector a boost in 2023 but a surge in infections and sluggish economic growth could dampen the recovery after an uplift from Chinese New Year spending. from Business of Fashion https://ift.tt/uaA8TOR

Syky, created by a fashion veteran who held top roles at Ralph Lauren and Burberry, closed a funding round led by Seven Seven Six, the venture fund of Reddit cofounder Alexis Ohanian. from Business of Fashion https://ift.tt/BEYNt4V

Nabil Aliffi and Stefanie Tsen Ward have been appointed to the newly created roles of chief brand officer and chief retail officer, respectively, the US luxury retailer said in a statement Monday. from Business of Fashion https://ift.tt/ER2fq04

Emirati conglomerate Majid Al Futtaim Holding (MAF) chose long-time insider Ahmed Galal Ismail as chief executive, replacing Alain Bejjani after eight years in the role, in a shake up more than a year after the company’s founder died. from Business of Fashion https://ift.tt/oL40yIz

FibreTrace seeks to accelerate the fashion and textile industries’ sustainability efforts by democratising access to its digital transparency and traceability tool, FibreTrace Mapped, for brands, manufacturers and farmers alike. BoF learns more. from Business of Fashion https://ift.tt/z46KQLJ

Milan men’s fashion week was ruled by a return to rationality and rigour, writes Angelo Flaccavento. from Business of Fashion https://ift.tt/ERvohx7

British clothing and food retailer Marks & Spencer plans to open 20 new, bigger stores in its 2023-24 year as part of a radical overhaul of its store estate that will see it invest £480 million ($587 million). from Business of Fashion https://ift.tt/EJXOtbu

With the direct-to-consumer funding heyday now over, DTC brands need to turn a profit. Unlike their revenue-obsessed counterparts, DTC pioneers Marine Layer, Meundies and Trinny London offer a blueprint for achieving both top- and bottom-line growth. from Business of Fashion https://ift.tt/4bH7pxd

The World Economic Forum in Davos, a retail convention in New York and menswear shows in Paris will command the industry’s attention. Plus, what else to watch for this week. from Business of Fashion https://ift.tt/l7LZpMh

In its first venture-capital investment in the metaverse or web3 worlds, the beauty giant is backing a company that lets brands build their own virtual spaces. from Business of Fashion https://ift.tt/7UircTA

MSNBC anchor Ayman Mohyeldin on the role and responsibility of the media amid misinformation and disinformation. from Business of Fashion https://ift.tt/t1yvsfb

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/bc3D1QF

Chinese government entities are set to take so-called “golden shares” in units of Alibaba Group Holding Ltd. and Tencent Holdings Ltd., suggesting Beijing is moving to ensure greater control over key players in the world’s largest internet arena. from Business of Fashion https://ift.tt/ULv5jpM

The Florentine trade show offered mix of reality and fiction, reports Angelo Flaccavento. from Business of Fashion https://ift.tt/EXxWBsq

Jurors found that the menswear designer’s use of parallel lines did not infringe upon Adidas’ three-stripe trademark and cause confusion among consumers. from Business of Fashion https://ift.tt/OvgsFVh

As part of the agreement, secured creditors will take over Forma’s wholesale operations, online platforms and international Morphe retail stores while providing $33 million of new money, subject to court approval, according to a company statement. from Business of Fashion https://ift.tt/h8KxgQu

Asos said operational changes would help deliver a £300 million benefit to its current financial year, giving the group a much-needed lift after sales fell over Christmas. from Business of Fashion https://ift.tt/BWM9mts

E-commerce returns company Happy Returns, a PayPal company, and research firm TRC surveyed over 2,000 US consumers on their evolving shopping habits and attitudes towards online returns to enable merchants to optimise strategies. Discover key insights from the downloadable report here alongside BoF analysis. from Business of Fashion https://ift.tt/lYcibfs

Patitz’s death was confirmed by her agent, Corinne Nicolas, who said the cause was illness — but did not disclose further details, reports Bloomberg. from Business of Fashion https://ift.tt/eyNdTD7

The new CFDA chairman will stage his runway show during February’s edition of NYFW, which will run Feb. 10 to 15. Tom Ford, Tommy Hilfiger and Peter Do were absent from the preliminary schedule. from Business of Fashion https://ift.tt/Sl3R2qx

Mielle Organics has been acquired by P&G Beauty for an undisclosed sum. Co-founders Monique and Melvin Rodriguez will stay on in their roles of CEO and COO, respectively. from Business of Fashion https://ift.tt/QTYMqC6

The retailer expects young shoppers not yet saddled with household bills to defy the economic gloom and keep buying Nike trainers and other sportswear, after it posted bumper Christmas sales. from Business of Fashion https://ift.tt/roF17Ws

Uniqlo parent Fast Retailing Co Ltd on Wednesday said it would raise wages by as much as 40 percent in a high-profile sign that Japan’s rock-bottom salaries may be starting to budge after decades of deflation and cost-cutting. from Business of Fashion https://ift.tt/BoafPWh

It’s hard to break into beauty, on or offline, even if you’re owned by Amazon. As retailers from Trader Joe’s to Moda try to establish dominance in a category with endless points of distribution, it takes more than just populating your site or shelves with bottles and tubes of skin care to get shoppers to see you as a viable seller of beauty. It takes authority, and usually, exclusive focus (Sephora and Ulta Beauty aren’t trying to sell fashion, after all). from Business of Fashion https://ift.tt/qyP0ipK

BoF’s executive beauty editor Priya Rao joins Lauren Sherman to unpack how the singer’s lifestyle label has managed to build a loyal fan base — without his direct involvement. from Business of Fashion https://ift.tt/BxJcGpP

The underground designer discusses the ‘inverse multiculturalism’ at the heart of his work on the eve of his first-ever fashion show at Pitti Uomo. from Business of Fashion https://ift.tt/RUkdbYz

Attendees were decked out in sequins and silver at the Golden Globes’ first in-person ceremony since 2020, but the event overall took a more subdued tone. from Business of Fashion https://ift.tt/8yuW5It

The former Fendi chief is set to succeed Michael Burke at the helm of luxury fashion’s biggest brand as part of a wider reshuffling at parent company LVMH. from Business of Fashion https://ift.tt/blUtz0g

Moda Operandi is launching beauty, the third luxury fashion site to enter the category in under a year. from Business of Fashion https://ift.tt/oW56swv

The brand’s sales have grown by double-digits for seven consecutive seasons, CEO Marie Leblanc said. from Business of Fashion https://ift.tt/Rp1lb94

Moda Operandi is launching beauty, the third luxury fashion site to enter the category in under a year. from Business of Fashion https://ift.tt/4xJS7kV

WeChat’s fledgling short-video feed tripled the number of its viewers in 2022, as the Tencent Holdings Ltd.-owned messaging app seeks to stem an outflow of traffic to rival TikTok and its Chinese cousin Douyin. from Business of Fashion https://ift.tt/FOb0PNj

Tools and technologies that shore up a brand’s core business may not get pulses racing quite like NFTs and virtual worlds, but with major economies expecting a slowdown, they’re the sorts of investments that can help brands weather the uncertainty. from Business of Fashion https://ift.tt/PGKxH2p

Italian luxury group Brunello Cucinelli on Monday posted a 29.1 percent increase in 2022 revenue at current exchange rates, a touch above its latest guidance and market expectations. from Business of Fashion https://ift.tt/cLlt2vz

Lululemon Athletica Inc. shares tumbled after the maker of fitness wear lowered its guidance for gross margin, stoking fears about profitability for a second-straight quarter. from Business of Fashion https://ift.tt/JTaZ40z

At the onset of 2023, fashion recruiters, career coaches and academic lecturers explain how professionals can set and achieve career goals through strategic planning, agility and support from their network. from Business of Fashion https://ift.tt/QHJlX2B

In a worsening economic climate, marketers will face pressure to divert dollars to tactics that directly drive sales. They shouldn’t lose sight of brand building in the process. from Business of Fashion https://ift.tt/EfJt85z

The Kering-owned brand will stage its first men’s show in three years while in between creative directors, one of many questions facing the industry in 2023. That, plus what else to expect in the coming week. from Business of Fashion https://ift.tt/SGP8Jxa

A group of sustainability experts join BoF’s Sarah Kent to discuss greenwashing in the fashion industry and how to create effective change at BoF VOICES 2022. from Business of Fashion https://ift.tt/j14NJ0D

The French sportswear label, which has not staged a runway show since 2021, is shifting to a collaborative studio model. from Business of Fashion https://ift.tt/rSZEldx

Trend forecasters are calling an end to the age of excessive consumption, while the resale platform says its tie-up with the hit reality show has converted millions to secondhand shopping. from Business of Fashion https://ift.tt/DdoB8nX

On Thursday, the company listed about twenty locations on its website. from Business of Fashion https://ift.tt/i2T9IK7

The tennis star is the latest to defect to a smaller, more athleisure-focussed apparel brand. from Business of Fashion https://ift.tt/oaVPs1R

Stitch Fix Inc. said Thursday that it will cut about 20 percent of salaried employees and that Chief Executive Officer Elizabeth Spaulding will step down. from Business of Fashion https://ift.tt/e09tcjp

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/1MNYat6

Mounting digital marketing costs and e-commerce readjustments have put the viability of pure direct-to-consumer business models into question. To grow, most brands will need to diversify their channel mix with a balance of wholesale, third-party marketplaces and DTC. from Business of Fashion https://ift.tt/H8wBR9b

The US is banning the app from federal government devices and numerous states have taken similar measures. As 2023 gets underway, the pressure on fashion’s new favourite app is only set to increase. from Business of Fashion https://ift.tt/yOpA7nf

Regulators are taking aim at the industry’s glacial progress on climate and labour rights, creating new incentives and risks for sustainability efforts in the coming year. from Business of Fashion https://ift.tt/CIuozRM

Retail sales value fell 4.2 percent from a year ago, the Census and Statistics Department said Wednesday. from Business of Fashion https://ift.tt/awTtueU

A new BoF Insights report tracks the evolution of the fast-growing high-end footwear market — and why luxury shoppers are willing to spend more than ever on the perfect shoe. from Business of Fashion https://ift.tt/4lRiosT

Hauk will step down as chief executive of the Victoria’s Secret and Pink brands effective March 31, according to an SEC filing from the company on Tuesday. from Business of Fashion https://ift.tt/7HTspXP