Fashion World News

Companies must go beyond stereotypes about Gen Z and Baby Boomers when hiring, and think strategically about how to get the most from workers of any age, experts say. from Business of Fashion https://ift.tt/T7rqiWx

Fashion labels like Marc Jacobs have capitalised on the Y2K trend with rebooted brands and products. But beauty brands of the era, like Laura Mercier and Philosophy need more than nostalgia to capture Gen-Z’s attention. from Business of Fashion https://ift.tt/8tqkRde

The event which took place on Seoul’s Jamsugyo bridge Saturday and revealed designer Nicolas Ghesquiere’s creations, was the second fashion show Louis Vuitton has held in South Korea. from Business of Fashion https://ift.tt/W9VUAXf

Adidas was sued by investors who claim the German sports giant knew about risks of its partnership with the rapper known as Ye long before his anti-Semitic comments were made public. from Business of Fashion https://ift.tt/Nxb0MzV

An event built on viral moments is unlikely to move the discourse around stealth wealth forward. Plus, what else to watch for this week. from Business of Fashion https://ift.tt/R2cIrU6

With the sale to Estée Lauder complete, Tom Ford’s longtime colleague and collaborator will take the creative helm at his namesake brand. from Business of Fashion https://ift.tt/KnYGxgh

Tighter US rules to ban imports from China’s Xinjiang are compounding pressure on Vietnam’s apparel and footwear makers. from Business of Fashion https://ift.tt/2Xvkh8z

Raul Lopez has turned his Luar label into one known way beyond the rarified catwalk world. Here he explains how the New York ballroom scene, growing up in a Dominican community and fans such as Dua Lipa helped him make a luxury brand accessible to everyone. from Business of Fashion https://ift.tt/wruydmM

Ten years on from Rana Plaza, factory fires and other safety failings still kill and injure hundreds of people working in the textile industry every year. from Business of Fashion https://ift.tt/261sq9g

After over a decade in the role, WSJ magazine editor-in-chief Kristina O’Neill announced on Thursday that she would be leaving the publication this summer. from Business of Fashion https://ift.tt/1TA8XgP

For Daniel Alegre, the former Activision Blizzard Inc. executive who joined Yuga as chief executive officer last month, NFTs still have a bright future by serving as a room key to a world of gaming, events and e-commerce. from Business of Fashion https://ift.tt/f1SPNBk

Please join us on Tuesday, May 2 at 17:00 BST / 12:00 EDT for the latest BoF Masterclass, when BoF Insights’ associate director of research & analysis Rawan Maki and senior research lead Benjamin Schneider are joined by Fflur Roberts, head of global luxury goods research at Euromonitor International, and TBD, reveal key findings from the newly launched report, The Lifestyle Era: Luxury’s Opportunity in Home and Hospitality, on the $4.3 trillion global sector. from Business of Fashion https://ift.tt/b0hR1fN

Brands like Maybelline and Budweiser face fallout when appealing to Gen-Z’s diverse, gender fluid values. But as younger shoppers get older, big corporations have to get comfortable with catering to fragmented audiences – unless they just tap Alix Earle. from Business of Fashion https://ift.tt/WywPl5v

It is unclear whether the publication will remain in operation in the near term, sources say. from Business of Fashion https://ift.tt/d3h0Ee4

German flavour and fragrance maker Symrise on Wednesday posted a jump in first-quarter sales broadly in line with forecasts, citing robust demand across the board as it continued to offset inflation with increased prices. from Business of Fashion https://ift.tt/p5kwEZU

The collection is comprised of re-issues of Ford’s favourite looks from the past 13 years. from Business of Fashion https://ift.tt/cL8SOWg

The ultra-fast-fashion giant plans to spend $70 million over the next five years to train and support suppliers and develop leaner production models. from Business of Fashion https://ift.tt/v0dUbOm

Join the global livestream on May 30 and 31, 2023 to unlock essential learnings, challenge conventional thinking, inspire innovation and reimagine the future of the global beauty and wellness industry. from Business of Fashion https://ift.tt/2QOmseP

Salvatore Ferragamo shareholders gave the green light to its proposed remuneration policy, which gives the luxury goods group’s chief executive officer a bumper pay package, despite a recommendation from the world’s top two proxy advisers to vote against it. from Business of Fashion https://ift.tt/P9hf7Gw

How do you shake up a homogeneous industry? The editor and the fashion activist explain why they brought a daring, dynamic vision of disability to Vogue. from Business of Fashion https://ift.tt/c6Nyz1s

During Salone del Mobile, Ginori 1735 unveiled its redesigned Milanese flagship store — the latest iteration of the 300-year-old business’ strategic move into the lifestyle market. BoF sits down with Ginori 1735′s brand and product director Annalisa Tani to learn more. from Business of Fashion https://ift.tt/sOI9ZjV

Sales at French luxury group Kering rose by just 1 percent in the first quarter, as star label Gucci benefited less than rivals from a rebound in China, and revenues fell sharply in the US. from Business of Fashion https://ift.tt/w9xoa2z

Spanish fashion group Tendam will reopen its stores in Russia through a Belarusian company, its chief executive officer told Reuters on Tuesday, following the model of Mango, which transferred its stores to Russian franchisees last year. from Business of Fashion https://ift.tt/EaObRky

L’Oréal reported a 13 percent rise in first-quarter sales, beating expectations thanks to strong business in the US and Europe as shoppers shrugged off rising prices, but said it had not benefited yet from the end of Covid-19 curbs in China. from Business of Fashion https://ift.tt/5OnBRWm

The jeans maker is among a group of fashion brands coming around to location-specific water reduction targets. from Business of Fashion https://ift.tt/zWHkbSu

Primark’s margin shrank to 8.3 percent in the first half from nearly 12 percent a year earlier, owner Associated British Foods Plc said Tuesday. from Business of Fashion https://ift.tt/0tNJLyD

In parachute pants, celebrities and TikTok influencers have dusted off another half-forgotten trend. What started as a rebellion against skinny jeans is taking some odd turns. from Business of Fashion https://ift.tt/xG2Wi8Z

The licensing group — which also owns Brooks Brothers and Juicy Couture, among others — will have a majority stake in a new Vince entity, with will license the brand back to Vince to operate its existing wholesale, retail and online business. from Business of Fashion https://ift.tt/JYyOXxB

Join us on Tuesday, May 9 at 15:00 BST / 10:00 EDT for a special #BoFMasterclass, as BoF’s chief sustainability correspondent Sarah Kent, along with Joris Oldenziel, executive director, International Accord and a panel of experts, unpack her latest case study How to Avoid Another Rana Plaza. from Business of Fashion https://ift.tt/7IGhKR4

LVMH’s market value surpassed $500 billion, becoming the first European company to reach that milestone, thanks to booming sales of luxury goods in China and a strengthening euro. from Business of Fashion https://ift.tt/euyqhMD

Chief people officers, fashion executives and career coaches share how applicants outside of the fashion talent pool can effectively demonstrate transferable skills and acumen. from Business of Fashion https://ift.tt/2XDwmO8

At an executive briefing during Milan Design Week for the launch of the latest BoF Insights report, Design Holding’s CEO Daniel Lalonde, La Double J founder JJ Martin and Isabelle Dubern-Mallevays, co-founder of the Invisible Collection, discuss the growing opportunities in the home design and hospitality space for fashion and beauty brands. from Business of Fashion https://ift.tt/ctCJdZE

Bed Bath & Beyond Inc., the big-box retailer that for decades provided essential shopping for college dorms, wedding gifts and new homes, will close all of its stores and liquidate inventory over the next two months after its turnaround failed. from Business of Fashion https://ift.tt/P8dvi9t

The fashion industry’s treatment of garment workers in the decade since the deadly building collapse will come under fresh scrutiny in a busy week that also includes Kering’s latest financial results and the reopening of Tiffany’s Manhattan flagship. from Business of Fashion https://ift.tt/lfSIbyg

After sales hit €2.5 billion last year, the French heritage label known for its crocodile-logoed polos is looking to its new ‘Lacoste Arena’ retail concept to help power its next chapter of growth. from Business of Fashion https://ift.tt/sgJQG0L

BoF Careers provides essential industry insights for beauty professionals this month, featuring roles from Rose Inc, Karla Otto and KCD. from Business of Fashion https://ift.tt/VnSkXb6

Investors will have until the end of May 30 to vote on eight shareholder proposals, the company filing said, two more than the number of proposals filed last year. from Business of Fashion https://ift.tt/H9TQuBX

Join the global livestream on May 30 and 31, 2023 to unlock essential learnings, challenge conventional thinking, inspire innovation and reimagine the future of the global beauty and wellness industry. from Business of Fashion https://ift.tt/S2KWgJl

With its hit fleeces and edibles, Sundae School has made a name for itself as a “smokewear” label. With its first runway show, the brand is looking to establish itself as a fashion force, too. from Business of Fashion https://ift.tt/fbq0Dmp

As more skin care experts launch their own brands, leaning on a roster of A-list clientele may not be enough to scale. from Business of Fashion https://ift.tt/DYcUTBw

Tran will oversee the global marketing activities of the company’s luxury e-commerce marketplace, reporting into chief marketplace officer Edward Sabbagh. from Business of Fashion https://ift.tt/rtBMKO3

The American accessories giant says the line will serve as lab to develop new design and production models, starting with a capsule that features patchworked products made from manufacturing scraps. How the project will scale remains unclear. from Business of Fashion https://ift.tt/2DoAsEk

Fashion brands are sourcing more recycled polyester, certified cotton and deforestation-free viscose than ever, but emissions from the industry’s raw material supply chain have bounced back from pandemic lows. from Business of Fashion https://ift.tt/HVmShIl

Designer Jerry Lorenzo unveiled his eighth collection at the Hollywood Bowl Wednesday, with looks from his long-awaited partnership with Adidas. from Business of Fashion https://ift.tt/4l1r9cQ

European Union antitrust regulators have started inspecting a facility of luxury goods company Gucci as part of an EU investigation spanning several countries, Gucci’s French owner Kering said on Wednesday, confirming a Reuters report. from Business of Fashion https://ift.tt/HASc3IN

Its new digital tool makes it easier for clients to customise products in any combination of colours and fabrics they like, as long as they don’t try to mix a pink jacket with yellow pants. from Business of Fashion https://ift.tt/lLwJcid

Amazon Inc. is joining Microsoft Corp. and Google in the generative artificial intelligence race, announcing technology aimed at its cloud customers as well as a marketplace for AI tools from other companies. from Business of Fashion https://ift.tt/RlYbHia

It comes after the bag went viral on TikTok, generating 59 million views on platform. from Business of Fashion https://ift.tt/CnD9v27

It comes after the bag went viral on TikTok, generating 59 million views on platform. from Business of Fashion https://ift.tt/SM7LElX

The brand is opening a permanent shop at Harrods, testing the physical retail waters with an eye to opening a stand-alone store. It’s just one part of a larger strategy to gear the label up for its next stage of growth, the designer said. from Business of Fashion https://ift.tt/P7Rn9Yq

Luxury brands could see an uplift in destinations like Dubai, Singapore and Australia’s Gold Coast as China’s second outbound tourism wave gets underway. from Business of Fashion https://ift.tt/LU8576Z

Big brands have stepped up sourcing in Europe over the last few years, but the push for faster fashion has come at the expense of European manufacturers and their workers, a new report finds. from Business of Fashion https://ift.tt/J1Fc6ir

The independent magazine and brand initially launched by Thakoon Panichgul as a passion project after a pause on his Silas Chou-backed label is aiming to broaden its audience and stake out growth. from Business of Fashion https://ift.tt/dLy1lGY

The sneaker giant is launching its first big collection of digital goods under its own name after signing up more than 330,000 members to its new web3 platform, .Swoosh. from Business of Fashion https://ift.tt/zP5rk4G

Investors piled in for LVMH’s first debt sale in three years, as the luxury goods maker seized on stellar quarterly results as well as calmer conditions in Europe’s credit market. from Business of Fashion https://ift.tt/wfOLqoV

THG Plc shares soared as much as 47 percent after the embattled UK online retailer said it received a non-binding acquisition proposal from Apollo Global Management Inc. from Business of Fashion https://ift.tt/9O6nVU8

The rapidly growing fashion e-commerce company reported sales of 708.3 billion won (US$545 million) in 2022. from Business of Fashion https://ift.tt/598Zjdn

With a growing number of retailers looking to stock cosmetics, skin care and more on their shelves, brands have to think harder about which partner fulfils their needs. from Business of Fashion https://ift.tt/MCgRZmk

The brand will cut as many as 50 jobs as it moves its headquarters from London to Switzerland. from Business of Fashion https://ift.tt/pSNLDbT

The former Louis Vuttion chief would take over from Sidney Toledano, who would become an adviser to LVMH CEO Bernard Arnault, according to a report by Miss Tweed. from Business of Fashion https://ift.tt/iIk8v1V

China’s economy is ramping up just as America’s is slowing down, giving global brands some options to navigate a downturn. That, plus what else to watch for this week. from Business of Fashion https://ift.tt/8Y6AK1m

Triefus helped define Gucci’s brand strategy and recently began overseeing its web3 and gaming efforts. from Business of Fashion https://ift.tt/hfg0rBK

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/AcugpV9

Sales at Birkin bag maker Hermès rose 23 percent in the first quarter, above market expectations, as wealthy shoppers in China and Europe splurged on luxury fashion and accessories despite higher prices and global market turmoil. from Business of Fashion https://ift.tt/x8umGJs

Representatives of over 3,000 brands including Burberry and Estee Lauder descended on China’s Hainan this week to show off their latest wares, hoping to cash in on a post-Covid consumer rebound that has kicked off on the island known for its duty free shopping. from Business of Fashion https://ift.tt/7MmkoOG

Dr Martens issued its third profit warning in five months on Friday, as it struggled with higher-than-expected costs at a new Los Angeles (LA) distribution centre. from Business of Fashion https://ift.tt/qWcnMob

The group, whose shares have fallen 37 percent over the last year, also withdrew its profit guidance of “broadly breakeven” for its current year and is now forecasting revenue in the range of £615 million to £635 million ($771-$796 million). from Business of Fashion https://ift.tt/smMyEwh

The luxury goods conglomerate has purchased a majority stake in Platinum Invest Group, a France-based jewellery manufacturing group that owns five workshops including Orest and Abysse. from Business of Fashion https://ift.tt/xFDU5Xp

Amazon Inc. is joining Microsoft Corp. and Google in the generative artificial intelligence race, announcing technology aimed at its cloud customers as well as a marketplace for AI tools from other companies. from Business of Fashion https://ift.tt/StyCgFD

Protestors taking the streets against the French government’s plan to raise the retirement age briefly entered LVMH’s headquarters Thursday, calling for companies and the rich to contribute more to finance pensions. from Business of Fashion https://ift.tt/ZgCzi5R

Euphemisms like “pro-aging” and “anti anti-aging” exist to obscure the fact that the beauty industry is selling the same creams and tonics meant to enhance one’s appearance. It may be time for a new approach. from Business of Fashion https://ift.tt/yZgVqih

Major League Soccer tapped streetwear designer Guillermo Andrade to be its creative advisor, hoping his cultural cachet will make the sport more popular in the US. from Business of Fashion https://ift.tt/Lm1z368

The label founded by Lauren Chan will fold into the larger direct-to-consumer retailer and Chan will join the company as head of brand partnerships. from Business of Fashion https://ift.tt/dKatBVM

“I see in the past two months, the market is a little bit slower than before,” said Thierry Stern, the chairman and controlling shareholder of Patek Philippe SA, the family-owned Geneva-based brand. from Business of Fashion https://ift.tt/3k2GdYw

BoF and Snap invited market leaders, including executives from Louis Vuitton, Christian Louboutin, Jacquemus and Paco Rabanne, to discuss how to connect consumers to new forms of creativity, while investing in the channels and functionality that drive the bottom line. from Business of Fashion https://ift.tt/qvNa8Bs

A pair of red-and-black Air Jordan 13 sneakers worn by basketball superstar Michael Jordan sold for $2.2 million on Tuesday, setting a new record for most valuable sneakers sold at auction. from Business of Fashion https://ift.tt/m2fS8Xr

A pair of red-and-black Air Jordan 13 sneakers worn by basketball superstar Michael Jordan sold for $2.2 million on Tuesday, setting a new record for most valuable sneakers sold at auction. from Business of Fashion https://ift.tt/RBXF9DJ

Second-quarter results from Japan’s Fast Retailing Co, owner of clothing brand Uniqlo, will on Thursday offer a window into how rapidly demand in China is recovering after the lifting of pandemic curbs. from Business of Fashion https://ift.tt/2fqtzrG

The imminent breakup of Alibaba Group underscores the importance of having a diverse channel mix in China’s online fashion market but many brands are still over-reliant on two big platforms. from Business of Fashion https://ift.tt/roXDBpe

A new teaser for the Margot Robbie-fronted Barbie movie has kicked off more frenzy around the film. It’s also setting up a showdown between two of the hottest TikTok trends of the moment: quiet luxury and Barbiecore. from Business of Fashion https://ift.tt/loicjXY

Today’s luxury shoppers have high expectations for what experiential shopping needs to deliver, as a new report from BoF Insights, in partnership with upcoming shopping district Royalmount, reveals. from Business of Fashion https://ift.tt/0TDmnSq

The Soho boutique is probably the first sex toy shop with a shrine to Wayne Gretzky, but it’s not alone in its pursuit of using vibrators and lube to lure shoppers into stores. from Business of Fashion https://ift.tt/lRMk4dp

The pre-game arena entrance is now a big business as more basketball players craft their personal brands, with the likes of Burberry, Thom Browne and Marni angling to dress athletes. from Business of Fashion https://ift.tt/nGB5vWN

ByteDance Ltd.’s profit last year soared to a record, surpassing that of China technology giants Tencent Holdings Ltd. and Alibaba Group Holding Ltd. for the first time, the Financial Times reported. from Business of Fashion https://ift.tt/m2quGyn

The luxury conglomerate’s first-quarter results will offer crucial insights into China’s recovery, the health of the US luxury market and more. That, plus what else to watch for in the week ahead. from Business of Fashion https://ift.tt/AYKPatj

Sara Ziff, a former model who went on to create the Model Alliance, has filed a lawsuit accusing Fabrizio Lombardo, a former associate of the disgraced Hollywood mogul Harvey Weinstein, of rape. from Business of Fashion https://ift.tt/bnmJEPv

Fung Group is exploring an initial public offering in Singapore for its retail brands unit that could value the business at about $500 million, according to people with knowledge of the matter. from Business of Fashion https://ift.tt/EqGNVnw

The two restaurateurs share what it’s like building female-owned businesses and educating their customers through food. from Business of Fashion https://ift.tt/7xBza1R

The run-up to Earth Day has ballooned into a month-long marketing moment, even as regulators try to crack down on empty sustainability claims. from Business of Fashion https://ift.tt/naSCxWL

The South Florida resort town has always been an enclave for the wealthy, but recent developments have bolstered its reputation as a fashion destination. from Business of Fashion https://ift.tt/s2p7IOF

On Wednesday, footwear company Crocs announced a two-year-long partnership with designer Salehe Bembury. The 37-year-old footwear designer will join the brand as creative director of the Crocs X Pollex Pod collection, where they will work on developing the brand’s signature Pollex Clog in different silhouettes and colors. from Business of Fashion https://ift.tt/WjhlF7N

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/hqwjD2J

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/ndHQbU5

Aesop pulled off the difficult trick of portraying itself as a luxury brand for everyone, and that turns out to be worth quite a lot. from Business of Fashion https://ift.tt/xNRX6ho

The annual event celebrating streetwear, music and art in Lagos will collaborate with international brands including on dedicated capsule collections and merch for this year’s edition, which is set to kick off on Apr. 7. from Business of Fashion https://ift.tt/oqQYwUm

Today, distribution and delivery strategies increasingly impact brand perception and have emerged as a critical consideration for retail businesses. BoF and ShopRunner invited market leaders, including executives from Fendi, Skims, MyTheresa and Puma, to discuss how AI solutions could improve customer service, reduce return rates and increase profitability. from Business of Fashion https://ift.tt/2fBUzEY

Nivea maker Beiersdorf raised its full-year sales guidance on Wednesday, as it reported a 12.2 percent hike in preliminary organic group sales in the first quarter, driven by its consumer business unit. from Business of Fashion https://ift.tt/zgBEnew

Companies have started using the AI to come up with outfit recommendations, but while it’s surprisingly capable of suggesting looks for different occasions, creativity is where it still struggles — at least for now. from Business of Fashion https://ift.tt/KUVmwec

The French tycoon behind luxury-goods powerhouse LVMH saw his fortune increase by $2.4 billion on Tuesday to $201.1 billion, a record high, according to the Bloomberg Billionaires Index. from Business of Fashion https://ift.tt/96Dagts

Epi, which is closely held by management and Quadrivio Group’s Industry 4.0 private equity fund, generated more than $50 million in sales in 2022, according to a person familiar with the matter. from Business of Fashion https://ift.tt/dn1bz6K

Over the next decade, artificial intelligence will bring unprecedented cost savings to the retail sector. The era’s winners will be those that re-invest these savings in human imagination. from Business of Fashion https://ift.tt/TwR7kSo

It’s been nine months since Gap Inc. ousted its chief executive officer. Since then, it’s ended a once-promising partnership with Kanye West (a.k.a Ye), shaken up its executive ranks, delivered disappointing results and, so far, failed to name a successor. from Business of Fashion https://ift.tt/t4RQCKz

Beauty giant L’Oréal is buying Aesop in a reported deal that values the brand at $2.525 billion. from Business of Fashion https://ift.tt/ks23NUm

Michael Roberts, former fashion and style director at Vanity Fair, has died at his home in Sicily, Italy. He was 75. from Business of Fashion https://ift.tt/vMYG1t3

A US judge on Monday approved Revlon Inc’s reorganization plan, allowing the cosmetics maker to cut $2.7 billion from its debt and exit bankruptcy later this month. from Business of Fashion https://ift.tt/l7Ew9Uo

Audemars Piguet, the Swiss luxury watch brand best known for the highly sought-after Royal Oak, will offer to replace clients’ stolen watches as part of a new service program created in response to a surge in watch-related crime. from Business of Fashion https://ift.tt/kCalpsr

The British beauty market is booming, but a highly fragmented retail network presents unique challenges. Here’s what brands should consider when selecting a partner. from Business of Fashion https://ift.tt/Bn2hK9C

Designers Yohji Yamamoto and Grace Wales Bonner are among the first class of honorees. from Business of Fashion https://ift.tt/sZg5uqw

Government officials last week destroyed $5.3 million worth of illegally imported used clothing in a bid to safeguard the domestic textile, apparel and footwear industries. from Business of Fashion https://ift.tt/6dtNuS1

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/zcO2D6l

The technology that exists for brands to offer customers individualised online shopping experiences is expensive and complex. But some start-ups are finding ways to personalise product recommendations and more. from Business of Fashion https://ift.tt/2bE9orL

While political scrutiny continues to intensify on the widely popular short video app TikTok in the US and across the world, another owned by the same Chinese company, ByteDance Ltd., is going viral. As downloads of Lemon8 surge in the US, here’s what you need to know about it: from Business of Fashion https://ift.tt/rILFDct

Vacation destinations are gearing up for another huge year, including the return of Chinese travelers for the first time since the pandemic. But whether tourists will splurge on fashion like they did last year is less clear. from Business of Fashion https://ift.tt/Epig5sH