Fashion World News

This week, Christian Dior presented its pre-fall 2023 collection at the Gateway of India monument in Mumbai, marking the first standalone show from a European luxury megabrand in the country. from Business of Fashion https://ift.tt/VH0rj6S

The European Union started work on setting its 2040 climate goals, signaling future policies would require greener consumer lifestyles and more effort from businesses across the economy to meet climate neutrality by the middle of the century. from Business of Fashion https://ift.tt/S4eBTw8

Sales growth has slowed sharply after a two-year surge. But analysts expect the American luxury market to bounce back soon, as brands open more stores and adapt their offer to changing tastes. from Business of Fashion https://ift.tt/nIAeWjp

Southern California’s garment factories are facing scrutiny for underpaying workers who make clothing for some of the nation’s top retailers, including Nordstrom Inc. and Dillard’s Inc. from Business of Fashion https://ift.tt/UXPNvET

A year into chairing the world’s biggest fashion retailer, Marta Ortega is trying to shake up Zara owner Inditex’s fast-fashion image and draw in more aspirational shoppers. from Business of Fashion https://ift.tt/stVnq7w

Demand for leggings and sweats may have peaked, but the pandemic’s comfort-first aesthetic is hardly dead. It’s simply mutating into something else: a yet-to-be-named category that incorporates stretch and softness into a staggering number of fashion staples, from trousers to jumpsuits. from Business of Fashion https://ift.tt/LcQuXy8

Sergio Azzolari is joining Roberto Cavalli as its new CEO, effective April 2, the Italian brand said Thursday. The CEO of DSquared since 2017, Azzolari previously held roles at Tod’s, Luxottica, and Missoni. from Business of Fashion https://ift.tt/4kgLszP

The Swedish fast fashion giant posted a surprise profit in the first quarter, in part due to its increased stake in resale platform Sellpy. It offers a glimpse at how the company hopes to decouple its growth from impact. from Business of Fashion https://ift.tt/ozgZH49

Christina Aguilera is the co-founder and chief brand advisor of Playground, a line that specialises in sexual wellness – a space that’s emerging as the next frontier for celebrity branding. from Business of Fashion https://ift.tt/CEVL8Fh

The startup is known for a material that combines recycled leather with polyester fibres. from Business of Fashion https://ift.tt/L2nZbkX

Group CEO Daniel Zhang said the company’s breakup into separate businesses will allow its units to become more agile and eventually launch their own initial public offerings (IPO). from Business of Fashion https://ift.tt/tb9y0F4

Cosmoprof Worldwide returned this March, attracting 2,980+ exhibiting companies from 64 countries. Now, BoF shares its insight on the key trends of the event. from Business of Fashion https://ift.tt/ixBDEjt

“Adidas will withdraw its opposition to the Black Lives Matter Global Network Foundation’s trademark application as soon as possible,” the company said in a statement, without giving a reason for the decision. from Business of Fashion https://ift.tt/nh3XCJZ

Sales of megabrands like Louis Vuitton and Hermès continue to surge, but calculating ubiquity is more complex than it seems, writes Luca Solca. from Business of Fashion https://ift.tt/ZeA7yha

The American retailer confirmed Tuesday that it has eliminated less than 3 percent of its corporate headcount as part of reorganisation efforts. from Business of Fashion https://ift.tt/9mdMWG6

Lululemon Athletica Inc forecast annual sales and profit above Wall Street estimates on Tuesday, betting that demand for its pricier yoga wear and athleisure clothing would hold strong even as inflation drags consumer spending. from Business of Fashion https://ift.tt/Dgws5v1

Next Plc has agreed to buy fashion and homeware brand Cath Kidston after the chain collapsed into administration in another casualty of Britain’s cost-of-living crisis. from Business of Fashion https://ift.tt/HfcIWpd

International buyers and talent scouts must cast their nets wider than the usual fashion week incubators, prizes and schools to find the country’s next crop of emerging brands. from Business of Fashion https://ift.tt/skiS7Lw

Burberry is paying €21 million to acquire a business unit from longstanding supplier Pattern, allowing the company to bring product development for technical outerwear in-house. from Business of Fashion https://ift.tt/ai3RB0T

What innovations should executives prioritise to ensure no customer is left behind in the downturn? Maju Kuruvilla, CEO of Bolt and previously a VP/GM at Amazon, shares his experience in driving growth through technology in turbulent markets, his insight on the channels that matter and why customer centricity is more critical than ever. from Business of Fashion https://ift.tt/eGzwhKl

Bluestar Alliance, a US brand management company, said on Monday it has acquired the Scotch & Soda clothing brand from its Dutch owner for an undisclosed sum. from Business of Fashion https://ift.tt/UReWoN2

Join us on Thursday, April 13 at 16:00 BST / 11:00 EDT for a special #BoFLIVE Masterclass unpacking our latest case study The Complete Guide to Managing Markdowns with BoF retail correspondent Cathaleen Chen. from Business of Fashion https://ift.tt/5f1keRK

The Pay Your Workers coalition said international brands should commit to pay suppliers on time, take steps to address wage theft and make sure factories don’t reopen until they are safe. from Business of Fashion https://ift.tt/2eUaEJr

The art of making perfume has changed thanks to a number of new technologies from lab-grown ingredients to artificial intelligence. from Business of Fashion https://ift.tt/6rzQHE2

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/SyTL1Ka

Offloading excess merchandise has never been more complex and critical for every brand and retailer, regardless of their size or category. BoF examines the best practices along every stage of the process, from planning to liquidation. from Business of Fashion https://ift.tt/neZzYNF

House of Representatives Speaker Kevin McCarthy said on Sunday lawmakers will move forward with legislation to address national security worries about TikTok from Business of Fashion https://ift.tt/tONycLH

The final season of HBO’s drama isn’t the only reason the discreet style of the ultra rich is a topic of conversation again. That, plus what else to watch for this week. from Business of Fashion https://ift.tt/SBZGCVx

This week, we are pleased to introduce two new partners on BoF Careers. from Business of Fashion https://ift.tt/IOt6BfG

The luxury goods group named nine shortlisted brands that will compete for this year’s LVMH and Karl Lagerfeld Prizes. from Business of Fashion https://ift.tt/w4BY1FT

For its latest apparel collection, the brand will cap prices on items the faster they sell. The idea is to make fashion more accessible — and future inventory easier to plan. from Business of Fashion https://ift.tt/S28DM1t

At The BoF Professional Summit: An Inflection Point in Fashion Tech, the seasoned luxury executive explained why Gucci believes in the long-term potential of fashion and web3. from Business of Fashion https://ift.tt/yvVYnuQ

Discover the most exciting career opportunities now available on BoF Careers — including jobs from Skims, PVH and Dr. Barbara Sturm. from Business of Fashion https://ift.tt/CyuXmbM

Fashion brands will need to back up ‘green’ claims or risk fines of at least 4 percent of annual revenue in the offending market. But the regulations still leave a lot open to interpretation. from Business of Fashion https://ift.tt/iWlP6mE

The resale platform is sunsetting its beauty category, which it first began testing in 2018. from Business of Fashion https://ift.tt/wOmyI6s

Snap Inc., the parent company of video-messaging app Snapchat, is adapting the augmented reality technology behind its popular filters and lenses — tools that can add glittery makeup or cartoon eyes to someone’s video selfie — to help retailers use AR on their own websites and apps. from Business of Fashion https://ift.tt/CjHUN41

From the way spirits are marketed to the success of celebrity-founded lines, alcohol offers a roadmap for standing out in a crowded market. from Business of Fashion https://ift.tt/Se1mUnN

Buying the business out of administration would allow Frasers to grow in France “with some authority rather than opening store by store,” said chief executive officer Michael Murray. from Business of Fashion https://ift.tt/xkaroQJ

Vying for attention from increasingly sophisticated consumers impacted by the downturn, fashion brands and retailers need to deliver exceptional in-store experiences. To discover how store interior design is innovating to increase sales and community engagement, BoF sits down with Invisible Collection co-founder Isabelle Dubern-Mallevays. from Business of Fashion https://ift.tt/yob4XTr

Paris-based contemporary fashion group SMCP has named Elina Kousourna CEO of its second-biggest brand, Maje, moving the executive from its Fursac menswear division. from Business of Fashion https://ift.tt/sq3V5Li

Fashion Trust US, a non-profit organisation founded in 2022 to support emerging talent, awarded grants and mentorship to six brands as part of its inaugural ceremony. from Business of Fashion https://ift.tt/bNX4D9U

The magazine is readying a new country edition with the publisher of Marie Claire China, and added two new creative directors-at-large. from Business of Fashion https://ift.tt/7uHSB28

The denim giant says it will experiment with supplementing its human models with AI-generated models later this year. from Business of Fashion https://ift.tt/vec3uF2

A digital twin of the supply chain that lets brands optimise their operations, minimise costs and increase speeds might sound like a distant dream, but companies including denim manufacturer Saitex are trying to make it a reality. from Business of Fashion https://ift.tt/cMFSeZk

The fast-growing Swiss running footwear company reported net income of CHF 57.7 million ($62.4 million), up from a loss of CHF 170.2 million in 2021, sending the company’s stock up as much as 28 percent in early trading on Tuesday. from Business of Fashion https://ift.tt/euvsLJR

BoF sits down with Lorenzo Cotti, CEO and founder of Integra Fragrances, to discover how olfactory strategies can increase brand equity and drive sales revenue while responding to growing consumer concern over air-quality. from Business of Fashion https://ift.tt/gAC3hxs

PDD Holdings Inc, which owns discount e-commerce platforms Pinduoduo and Temu, missed expectations on Monday for fourth-quarter revenue as China’s post-reopening consumer recovery remains patchy. from Business of Fashion https://ift.tt/H2xE3Or

Privately held retailer Scotch & Soda, which is based in Amsterdam, has filed a bankruptcy request for its Dutch operations, newspaper Het Financieele Dagblad (FD) reported on Monday, citing a company statement. from Business of Fashion https://ift.tt/e0MCH8u

PDD Holdings Inc, which owns discount e-commerce platforms Pinduoduo and Temu, missed expectations on Monday for fourth-quarter revenue as China’s post-reopening consumer recovery remains patchy. from Business of Fashion https://ift.tt/7WSbjPL

The report published today by the world’s leading climate science body, the United Nations Intergovernmental Panel on Climate Change, summarizes the panel’s output over the past five years, amounting to some 10,000 pages of dense scientific prose. This synthesis is succinct at 37 pages, and its message is blunt: Burning fossil fuels is threatening human well-being and the stability of much of life on Earth, and our chance to avoid the most severe impacts is fast moving out of reach. from Business of Fashion https://ift.tt/kKvl3jn

Following a $6 million Series A funding round, the sunscreen brand prepares to move past its club of creative clientele and reach the masses. from Business of Fashion https://ift.tt/hNbQUx1

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/XWN8pwJ

Traditional auction houses like Christie’s, Sotheby’s and Philips — known for selling Warhols, Picassos and antiques — are using Birkins and Jordans to cultivate their next generation of collectors. from Business of Fashion https://ift.tt/JY0Kfop

John Lewis Partnership Plc may dilute its famous employee-owned structure to raise new investment as UK retail conditions worsen, the Times reported, without saying where it got the information. from Business of Fashion https://ift.tt/yOaK5Yf

Nike and On report results this week, and will likely take a more upbeat view of the sneaker market than their rivals. That, plus what else to watch for this week. from Business of Fashion https://ift.tt/mEDsCxZ

Six more U.S. senators on Friday backed bipartisan legislation to give President Joe Biden new powers to ban Chinese-owned video app TikTok on national security grounds as the Chinese company ramped up efforts to get its story heard in Washington before an important hearing next week. from Business of Fashion https://ift.tt/zSRgDOL

L’Oreal SA and Permira are among suitors competing for a stake in high-end cosmetics brand Aesop, people with knowledge of the matter said. from Business of Fashion https://ift.tt/slNW9XR

The French luxury giant is betting on higher prices and a suite of emerging supply-chain initiatives to help keep growing its business while cutting total greenhouse gas emissions. from Business of Fashion https://ift.tt/GC2srNe

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/aVbjuCQ

On June 15, the LVMH-owned fur and leather house will open the doors of its new factory in Tuscany to press and clients to present its Mens Spring/Summer 2024 collection. from Business of Fashion https://ift.tt/1Dgj3To

Affiliate marketing income has helped offset losses in print ad revenue, but it’s also changed the relationship between brands, publicists and the publications they work with. from Business of Fashion https://ift.tt/nhXNq6l

The owner of Kay Jewelers and Zales attributes the dip in engagements this year to the dating dry spell during the depths of the pandemic. from Business of Fashion https://ift.tt/1crXAzd

Join us on Monday, March 27 at 15:00 BST / 10:00 EDT for #BoFLIVE, Lana Todorovich, president and chief merchandising officer of Neiman Marcus Group, and Darcy Penick, president of Bergdorf Goodman, share their insights on the retail landscape and how its evolution is shaping careers in the sector. from Business of Fashion https://ift.tt/GcqIUsv

Asia was an outlier for Zara owner Inditex last year, the only region where profits fell as China faced Covid-19 lockdowns, while profit ballooned in the Americas, the fashion retailer’s annual report showed on Thursday. from Business of Fashion https://ift.tt/AyaivLx

The oldest members of the youngest generation turn 13 this year. Like Gen-Zers and millennials before them, they’re already being defined by a fresh set of beliefs, aesthetics and attitudes. from Business of Fashion https://ift.tt/KWvdZ8J

John Lewis Partnership intends to cut another 1,000 roles as part of a wide-ranging restructuring in yet another blow to Britain’s beleaguered retail industry. from Business of Fashion https://ift.tt/1XKTUnM

The move will help the communications powerhouse build its position in the US market. Further acquisitions are planned, CEO Isabelle Chouvet told BoF. from Business of Fashion https://ift.tt/VXgBCU7

Adrian Ward-Rees joins luxury brand Amiri as its new chief executive officer, and is expected to start Apr. 1. Ward-Rees mostly recently served as senior vice president at Burberry. from Business of Fashion https://ift.tt/xJLgkqY

Italian luxury group Brunello Cucinelli on Wednesday raised its sales growth guidance for 2023 to 15%, up from its previous estimate of 12%, on the back of a strong start to the year and significant orders for coming seasons. from Business of Fashion https://ift.tt/3yZ9wVW

The analyst and former partner at venture-capital firms including Andreessen Horowitz talks to BoF about generative AI, web3, Shein and the metaverse. from Business of Fashion https://ift.tt/9lLBfEt

Burberry Group Plc has hired Kate Ferry from McLaren Group as its new chief financial officer in the latest of a series of changes at the top of the British luxury brand. from Business of Fashion https://ift.tt/MVponal

After swinging to an operating loss of $41 million in 2021, the buzzy fashion startup has stabilised and remains focused on its ambition to build a materials science business. from Business of Fashion https://ift.tt/YAcMroD

A total of 631 apparel, footwear and textile shipments with a combined value of $29.55 million have been stopped under the Uyghur Forced Labor Prevention Act (UFLPA) since it came into effect in June 2022, according to statistics published Tuesday by US Customs and Border Protection. from Business of Fashion https://ift.tt/fdgKLNP

H&M is collaborating with ThredUp, an online consignment platform, to launch its resale platform H&M Pre-loved. from Business of Fashion https://ift.tt/dElpIi5

Chinese celebrities made a comeback at the European shows this season, but the brands hosting them see the country’s A-listers as more high-risk, high-reward than ever amid fresh scandals and tightening government regulation. from Business of Fashion https://ift.tt/uLjWtH2

Mango is returning to the United States — after two previous attempts failed — offering higher-priced clothes meant for special occasions and parties. It will target states where online sales are already strong. from Business of Fashion https://ift.tt/A14Zsqo

Discover best practices on how fashion companies can effectively enter or elevate their presence in the fashion resale space, with key insights from branded recommerce solutions company Trove’s inaugural report, ‘Brand Resale Index 2023,’ and BoF’s own content. from Business of Fashion https://ift.tt/XYo7d1Q

Tod’s chairman and chief executive Diego Della Valle said the Italian luxury group, which owns Tod’s, Roger Vivier, Hogan and Fay, has had a good start to the year, after the company produced better-than-expected operating profits in 2022. from Business of Fashion https://ift.tt/l7wOAEu

Luxury brand Kering Eyewear acquires French manufacturing company UNT from Business of Fashion https://ift.tt/Yc8qpLU

The makeup artist-turned-founder wants to fly solo with her second act: clean makeup range, Jones Road. Can she? from Business of Fashion https://ift.tt/7SWO5T8

Brands, retailers and investors are betting on trail running, the fast-growing endurance sport, to become activewear’s next big category. from Business of Fashion https://ift.tt/HU2ZqWQ

The footwear and accessories conglomerate recorded full year 2022 gross revenues of 5.2 billion reais ($1.01 billion), a 43.5 percent increase from the previous year. from Business of Fashion https://ift.tt/TLXyhPE

Discover the most exciting career opportunities now available on BoF Careers — including jobs from Neiman Marcus, Bershka and 16Arlington. from Business of Fashion https://ift.tt/qOrSJfH

To break into the hard-to-penetrate American market, British-born DTC upstarts are embracing wholesale and investing in US-centric marketing channels. from Business of Fashion https://ift.tt/JGEWbVn

Sunday’s show should partially reverse a steep slide in awards show ratings, and give luxury brands a big platform. That, plus what else to watch for this week. from Business of Fashion https://ift.tt/mVHtEA3

Clothes have become more like memes than physical goods, moments to take part in online, with catastrophic consequences for the environment, writes Alec Leach. from Business of Fashion https://ift.tt/CVeGAm5

A cooldown in consumer spending hasn’t slowed momentum at luxury labels, fast fashion or off-price retailers. It’s brands stuck in the middle that are paying the price. from Business of Fashion https://ift.tt/CqPN49p

Tim Blanks and Imran Amed discuss the highlights of the Autumn/Winter 2023 collections, including Daniel Lee’s debut at Burberry, a transitional show at Gucci and Balenciaga’s first brand statement in the wake of the advertising scandal. from Business of Fashion https://ift.tt/tonu9Eh

Struggling fashion brand Superdry has hired turnaround and restructuring firm Interpath as it battles to cut costs following a series of profit warnings. from Business of Fashion https://ift.tt/NtpxXeb

Clothes have become more like memes than physical goods, moments to take part in and broadcast online, with catastrophic consequences for the environment, writes Alec Leach. from Business of Fashion https://ift.tt/Yb04yD1

The wholesale platform connecting buyers from companies like Banana Republic and West Elm with small-batch producers around the world is looking to scale and expand its tech tools. from Business of Fashion https://ift.tt/1VpZ3tB

Spanish fashion retailer Mango's sales hit a record €2.68 billion ($2.8 billion) last year, exceeding pre-pandemic levels by 13 percent as shoppers kept spending on clothing amid high inflation and as the company expanded in the United States and India. from Business of Fashion https://ift.tt/QF2Hi0Y

The Milanese group, which also owns Miu Miu and Church’s, surpassed its 2013 revenue peak after a multi-year turnaround effort. from Business of Fashion https://ift.tt/uVQgd6m

The battle between the fast fashion retailers is playing out not only on social media but also in a US court. from Business of Fashion https://ift.tt/voGyOtC

Prices for Rolex, Patek Philippe and Audemars Piguet watches appreciated by an average of 20 percent a year since mid-2018, outpacing the S&P 500 Index, as values for pre-owned luxury timepieces surged, a new report shows. from Business of Fashion https://ift.tt/qFn04yb

German fashion house Hugo Boss on Thursday said it expected 2023 sales to grow at a mid-single-digit percentage rate, slower than last year even as it sees sales improving in the Asia and Pacific region. from Business of Fashion https://ift.tt/76KMmpt

Executives, creative directors and consultants share how creatives can optimise collaborating cross-functionally to further their career in fashion. from Business of Fashion https://ift.tt/qBm0gPz

The event curated by Dubai Design District and the Arab Fashion Council will kick off under the new banner on Mar 10 in Dubai. from Business of Fashion https://ift.tt/mCQ0cvJ

New CEO Bjørn Gulden must clear record-high inventories, reverse a decline in China and decide what to do with unsold Yeezy sneakers to execute a turnaround. from Business of Fashion https://ift.tt/gi98NP1

J.Crew has been burned by being over-identified with a creative who courted fashion insiders. But then, it has also been burned by not having a creative who courted fashion insiders. In Olympia Gayot and Brendon Babenzien, has the brand finally found a happy medium? from Business of Fashion https://ift.tt/1PpEXrd

More than a year since fashion brands started jumping into virtual environments like Roblox, they face a new challenge: keeping users coming back as they try to turn their marketing into sales. from Business of Fashion https://ift.tt/arlVxbg

Revlon Inc. is grappling with a growing number of allegations that some of its hair products cause cancer as the cosmetics company looks to exit Chapter 11 bankruptcy. from Business of Fashion https://ift.tt/MoSwmtu

Today, the influencer marketing and monetisation platform unveiled a rebrand, including a new name, Collective Voice. from Business of Fashion https://ift.tt/HAu1Ep2

Designers Nicolas Ghesquière and Chitose Abe prefer it when things aren’t what they seem, writes Tim Blanks. from Business of Fashion https://ift.tt/7DZxLbT

The Berlin-based e-commerce platform reported adjusted earnings before interest and taxes of €184.6 million ($197 million) last year, it said in a statement Tuesday. from Business of Fashion https://ift.tt/VjaXdtb

Tulipshare, a London-based platform representing investors’ interests on social and environmental causes, sent a letter to Nike’s board of directors Monday reiterating calls for improved transparency and respect for human rights in its supply chain and expressing “grave concern” for the sportswear giant’s lack of response to previous outreach attempts. from Business of Fashion https://ift.tt/YtelMX7

BoF talks to senior and entry-level designers at Gap Inc. to learn about the Design Apprenticeship Program and its career development opportunities for underrepresented talent across the company’s brand roster: Gap, Athleta, Banana Republic and Old Navy. from Business of Fashion https://ift.tt/zNisghe

Rinderknech joined the luxury goods conglomerate from L’Oréal USA, where he was president and chief executive officer, in May 2022 as chairman and CEO of LVMH Hospitality Excellence. He will continue to oversee the company’s hospitality division in addition to his new beauty responsibilities. from Business of Fashion https://ift.tt/Zg5Eks6

Beauty’s biggest player is leaning into artificial intelligence and placing a deeper focus on how its goods are made. from Business of Fashion https://ift.tt/gXk0ayS

It comes ahead of a retail push by the brand, which will include a new location on London’s prestigious Bond Street and a revamp of its Paris flagship. from Business of Fashion https://ift.tt/4nKfH6i

In the wake of scandal, it’s back to the future for designer Demna as he employs legacy — both Cristóbal Balenciaga’s and his own — to find a way forward, writes Tim Blanks. from Business of Fashion https://ift.tt/KGBSF2N

The licensing group is near a deal to pay about $1.3 billion for the parent of Quiksilver and Billabong surfwear brands, according to people familiar with the matter. from Business of Fashion https://ift.tt/juLJc83

New CEO Bjorn Gulden will face questions about the doomed collaboration when the company reports earnings this week. That, plus what else to watch for in the coming days. from Business of Fashion https://ift.tt/VlWyrCd