Fashion World News

At the second session of The Business of Beauty Global Forum, speakers including Sephora Americas chief executive Jean-André Rougeot and Mielle Organics founder Monique Rodriguez charted beauty’s next stage of growth. from Business of Fashion https://ift.tt/ChqtZNk

Condé Nast will stage the second edition of Vogue World in London this fall. Set to take place on Sept. 14. at London’s Theatre Royal Drury Lane, the event will serve as an unofficial kick-off to London Fashion Week from Business of Fashion https://ift.tt/xubNyDc

Please join us on Tuesday, June 6 at 16:00 BST / 11:00 EDT for a special BoF Masterclass as BoF’s Executive Editor of The Business of Beauty Priya Rao and McKinsey & Company’s Senior Partner Kristi Weaver explore findings from the report, share their insight and answer your questions about how beauty players from around the world can arm themselves for success in the years ahead. from Business of Fashion https://ift.tt/jbv0suM

Michael Kors parent Capri Holdings Ltd on Wednesday cut its annual sales forecast as demand for its handbags and shoes weakens in the United States, sending its shares down nearly 9 percent in early trading. from Business of Fashion https://ift.tt/Y5jC2bg

With 100 tons of clothing from the West discarded every day in Accra, ‘fast fashion’ brands must be forced to help pay for the choking textile waste they create, environmentalists say. from Business of Fashion https://ift.tt/MGI9CZm

It comes as the brand sees consumers investing more in hair products and scalp maintenance, said Cecile Koenig, Guerlain’s director of international skin care marketing. from Business of Fashion https://ift.tt/bhzmokt

Pepkor Holdings Ltd. replaced the head of its Ackermans unit after Africa’s largest clothing retailer posted a drop in first-half earnings as it failed to get the right summer fashion mix. from Business of Fashion https://ift.tt/DghNMLI

The brand known for its traditional and ornate Chinese aesthetic will be one of the first major C-beauty players to go global when it touches down in the US and Japan later this year. from Business of Fashion https://ift.tt/RIPJeFW

While some votes remain to be counted, LVMH confirmed that two measures on the Cheval Blanc Beverly Hills project have fallen short by a “narrow margin.” The final results will be certified on June 2. from Business of Fashion https://ift.tt/kZY2tRi

British shop price inflation picked up this month to reach its highest rate since industry records began in 2005, although growth in food prices cooled slightly, a survey showed on Tuesday. from Business of Fashion https://ift.tt/gniEe9v

The country’s runoff election came to an end on May 28 with the incumbent Recep Tayyip Erdogan securing another term, prompting calls for economic stability from sector leaders in the fashion manufacturing hub. from Business of Fashion https://ift.tt/BsNr2G5

Join us for a special Masterclass, as BoF’s luxury editor Robert Williams, along with a panel of experts, unpack our latest case study Inside Hermès’ Best-in-Class Leather Goods Strategy. from Business of Fashion https://ift.tt/Zwd4ifz

A potential US debt default threatens to spoil a surprisingly strong run by major retailers, which are seeing resilient consumer spending. from Business of Fashion https://ift.tt/hp1RaXS

Beauty megadeals may be few and far between over the near term, but M&A will still be critical for buyers and sellers seeking growth, innovation and competitive product portfolios, reports The State of Fashion: Beauty. from Business of Fashion https://ift.tt/RlIsSzf

With the industry starting to use the technology for everything from campaign imagery to shopping assistants, it risks replicating biases based on race, body type, age and disability that it has spent years loudly claiming it wants to move past. from Business of Fashion https://ift.tt/HPiGN4n

The British beauty retailer is doubling down on its growth focus with more stores, brand exclusives and Gen-Z shoppers . from Business of Fashion https://ift.tt/GjIt3vz

The centenary of the photographer’s birth has sparked gallery shows in New York and London that celebrate him as the definitive iconographer of our time. from Business of Fashion https://ift.tt/RJQgEXh

Target, Maybelline and others have been caught in an anti-trans backlash. How they respond could shape perception around their brands. That, plus what else to watch for in the coming week. from Business of Fashion https://ift.tt/hAb0YkX

How a unique approach to supply chain, design, communications and retail has powered blockbuster demand for iconic bags like the Birkin and Kelly, enabling the French leather goods house to face down rivals and become a global megabrand with a market capitalisation greater than Nike’s. from Business of Fashion https://ift.tt/a3wNjrU

Reliable sizing, sweet-spot pricing and contemporary – but not faddish – styles are helping high street retailer stand out. from Business of Fashion https://ift.tt/ULJowHP

Unilever Prestige’s brand portfolio, including Dermalogica, Ren and Tatcha, generated €1.2 billion in revenue in 2022, with ambitions to grow through acquisitions, innovation and digital commerce. BoF meets CEO Vasiliki Petrou to learn her acquisition criteria and how quick decisions, R&D capabilities, a founder mindset and brand-centric strategy are driving the portfolio’s growth. from Business of Fashion https://ift.tt/zf4h3ZP

Express, Inc. completed its joint acquisition of the menswear brand Bonobos in partnership with WHP Global for a combined purchase price of $75 million, the company announced Wednesday. from Business of Fashion https://ift.tt/I2WKSzy

Multiple raids on Swatch Group AG’s stores in Malaysia over their sale of Pride-themed rainbow watches have sparked a furious response from the watchmaker and raised renewed doubts about the commitment of the nation’s six-month-old coalition government to LGBTQ rights. from Business of Fashion https://ift.tt/SeNfXgt

Uniqlo owner Fast Retailing suspended the clothing brand’s operations in Russia in March of 2022, joining scores of international companies, after Moscow launched its attack on Ukraine, calling it a “special military operation.” from Business of Fashion https://ift.tt/ZYLuykq

Knowing whether an opportunity is a no-hope scenario or a potential career-defining moment is half the battle for rising executives. from Business of Fashion https://ift.tt/o8UnfuG

Four years after a splashy launch around the G7, the CEO-powered climate drive says it’s gearing up to accelerate action. But it has lost high-profile members and so far delivered little more than a handful of pilot projects. from Business of Fashion https://ift.tt/m0UR3HY

Chanel and Brunello Cucinelli on Tuesday signed a joint agreement to take 24.5 percent stakes in Italian cashmere and wool manufacturer Cariaggi Lanificio. The Cariaggi family will remain in control of 51 percent of shares. from Business of Fashion https://ift.tt/vjr6fQn

About two dozen Chinese taste-makers gathered on a recent spring evening in Shanghai for an exclusive showcase hosted by online luxury retailer Mytheresa.com GmbH. from Business of Fashion https://ift.tt/sQxPkvI

To unleash the full potential of ‘China’s Silicon Valley’ luxury brands must invest more in the vibrant city at its core and better understand the local mindset. from Business of Fashion https://ift.tt/a9TdHX5

The governments and the European Parliament need to agree on the Ecodesign Regulation before it can enter law. Under the initial March 2022 proposal by the European Commission, the Commission itself was to have determined at a later stage whether to put destruction bans in place. from Business of Fashion https://ift.tt/OXvWeFP

The LVMH brand is recording ‘more than double digit’ growth, generated by ‘natural upselling requested by clients,’ said chief executive Jean-Christophe Babin in an exclusive interview with BoF. from Business of Fashion https://ift.tt/ClXV8Ax

TikTok Inc on Monday filed a lawsuit challenging the state of Montana’s new ban on use of the Chinese-owned short-video app. from Business of Fashion https://ift.tt/1QR6XlZ

DTC veteran Ryan Babenzien’s new start-up is employing guerilla-style marketing and partnerships with wellness-centric retailers to become beauty’s latest must-have brand. from Business of Fashion https://ift.tt/LTV9nI8

The world’s second-biggest independent watch brand has named a veteran perfume and consumer-goods executive to lead its next chapter. from Business of Fashion https://ift.tt/ceZsl1M

The timeless appeal of the south Asian classic has gone global — and a new London exhibition shows how it has been reinvented. from Business of Fashion https://ift.tt/nhQgaq5

Discover the most exciting career opportunities now available on BoF Careers — including jobs from Burberry, Jacquemus and Métier. from Business of Fashion https://ift.tt/Ny9KTdr

The special edition of The State of Fashion report by BoF and McKinsey & Company explores the reshaping of the global beauty industry. Download the full report to learn about the key dynamics that will impact all categories in the years ahead, from the rise of wellness to the influence of Gen-Z. from Business of Fashion https://ift.tt/HBZlaAE

On Saturday, Dior landed in a rainy Mexico City to stage its latest destination show at Colegio San Ildefonso, a former Jesuit seminary turned canvas for Mexico’s great 20th-century muralists. from Business of Fashion https://ift.tt/F4orE3g

The film festival has become an increasingly important launchpad for luxury brands such as Versace, which will reveal a collection co-designed by Dua Lipa on Tuesday. Plus, what else to watch for this week. from Business of Fashion https://ift.tt/5c68AgL

The social-media savvy designer is leaving the ready-to-wear brand after a single season. from Business of Fashion https://ift.tt/uOL9m8e

The company said it will begin selling some of its leftover Yeezy stock at the end of this month. from Business of Fashion https://ift.tt/3Q7xHZP

The fast fashion retailer reportedly raised funding this week at a lower valuation. But the e-commerce giant remains immensely popular — and may have some more tricks up its sleeves. from Business of Fashion https://ift.tt/Vd6hIri

BoF’s Marc Bain and a group of panellists break down the state of web3 in fashion and where the technology is headed. from Business of Fashion https://ift.tt/2NhEK6g

BoF’s Imran Amed speaks with Alec Leach about his manifesto on how we can move towards a better relationship with fashion. from Business of Fashion https://ift.tt/7ZK8Rjg

Menswear has a hot new category: signet rings, beaded bracelets and silver chains — a trend driven by shifting gender norms and the overall casualisation of fashion. from Business of Fashion https://ift.tt/pcbhgfE

Blink and you might miss TikTok’s news cycle. Here are the latest beauty crazes users can’t stop talking about. from Business of Fashion https://ift.tt/HE7Oxia

King Charles III presented Foday Dumbuya, founder and creative director of the London-based label, with the prize. from Business of Fashion https://ift.tt/1ty6bPe

China’s Alibaba Group Holding Ltd posted a 2 percent rise in quarterly revenue that missed expectations on Thursday and said it would list its cloud computing business in the next year. from Business of Fashion https://ift.tt/J2RZHnq

The luxury brand is the latest to put a hot young star at the forefront of its advertising efforts, but what’s most compelling is what the partnership says about male celebrity today. from Business of Fashion https://ift.tt/kbajf03

Join us on Wednesday, May 24 at 16:00 BST / 11:00 EDT for #BoFLIVE, as Dash Hudson’s chief marketing officer, Kate Kenner Archibald, joins BoF’s associate director of content strategy, Alice Gividen to unpack how ROI in social media is evolving, the channels that fashion and beauty businesses should prioritise, and which practices and metrics enable brands to measure success most successfully. from Business of Fashion https://ift.tt/WTC36f0

Shares fell 6 percent after deteriorating sales in the Americas overshadowed a resurgence in Chinese demand. The British megabrand is in the midst of a transformation under CEO Jonathan Akeroyd and designer Daniel Lee. from Business of Fashion https://ift.tt/iuHZgJx

The second edition of Oud Fashion Talks explored the forces transforming the Gulf’s fashion industry today, with key learnings from BoF Insights’ ‘Fashion in the Middle East’ report and from executives of local retailers, manufacturers, designers and entrepreneurs. from Business of Fashion https://ift.tt/UOeYMPo

After awarding prizes to all finalists for the past two years, the initiative will revert to naming one winner and two runners-up from Business of Fashion https://ift.tt/mtcg1f6

Epic Games, creator of the video game megahit Fortnite, and the maker of Clo3D, a popular 3D fashion-design tool, are so aligned in their visions of digital fashion’s future that they bought shares in one another. from Business of Fashion https://ift.tt/KEYUXx6

K-style takes centre stage in collection that draws inspiration from South Korea’s contemporary and traditional dress. from Business of Fashion https://ift.tt/r6hsL0f

Brands are turning to AI-powered analytics tools to improve their ability to measure environmental impact in the face of new government regulation. But getting hold of accurate data to support these assessments remains a difficult and largely manual challenge. from Business of Fashion https://ift.tt/V4fHDFN

Beyoncé posted a series of images on her Instagram account that appeared to hint at the launch of an upcoming beauty brand. from Business of Fashion https://ift.tt/lAxgV26

US retail sales increased in April, suggesting consumer spending is holding up in the face of economic headwinds including inflation and high borrowing costs. from Business of Fashion https://ift.tt/9yChrXZ

With sparkling lights and beating drums, Italian luxury label Gucci took over a 14th-century Seoul Palace on Tuesday to showcase its cruise collection, blending Korean heritage and modern fashion. from Business of Fashion https://ift.tt/bgTViet

Advertising watchdog to begin stricter enforcement on use of terms such as ‘carbon neutral’ amid concerns over offsets. from Business of Fashion https://ift.tt/aW6my3B

Increasingly expensive luxury handbags have made room for the contemporary market to grow. Brands that go into the category with a tight assortment and a strong aesthetic are best positioned for success. from Business of Fashion https://ift.tt/vljN8Y5

Across the advertising industry, agencies are wrestling with their role in greenwashing scandals and their support for clients driving the climate and nature crises. from Business of Fashion https://ift.tt/2UjbwSY

Lagos Space Programme, the nonbinary luxury label by Adeju Thompson, was named winner of the International Woolmark Prize on Monday. from Business of Fashion https://ift.tt/0aLuMAB

Chanel has named actor Timothée Chalamet as an ambassador for its Bleu De Chanel fragrance. The team-up marks the 27-year-old’s first fashion or beauty partnership. from Business of Fashion https://ift.tt/yCH7urR

A rare and pristine condition Rolex Milgauss watch sold for $2.5 million, smashing records for the highest amount paid at auction for the Swiss brand’s timepiece made for scientists. from Business of Fashion https://ift.tt/MXUWrI6

In the last decade, incubators aimed at churning out brands have become a force throughout the industry. The Business of Beauty unpacks the pros and cons to the model, as well as what incubators and their brands need to do to stay competitive in a crowded market. from Business of Fashion https://ift.tt/H1pSMcI

Creative cadences, competitive colleagues and an ‘always on’ mindset create ample opportunity for failing to maintain a healthy work-life balance in fashion. Psychologists, mental health experts and industry professionals share their advice on mitigating burnout in fashion. from Business of Fashion https://ift.tt/gXZQ5LJ

Creating stage costumes provides designers with a fantastical creative outlet and the potential for global exposure – but designing a musician’s look isn’t easy. from Business of Fashion https://ift.tt/2RABlZH

Discover the most exciting career opportunities now available on BoF Careers — including jobs from Maison Margiela, Banana Republic and UGG. from Business of Fashion https://ift.tt/vySdWUt

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/ALFfY9Q

The luxury marketplace reports results amid skepticism about e-commerce stocks, and as its YNAP deal inches forward. That plus what else to watch for in the coming week. from Business of Fashion https://ift.tt/51f6gca

The media company appointed Nick Hotchkin as chief financial officer. He succeeds Jackie Marks, who joined the company in March 2021, in the role. from Business of Fashion https://ift.tt/nQWuEcd

THG has ended talks about a possible takeover bid by Apollo, saying the private equity company’s offer is an inadequate valuation of the online retail tech company. from Business of Fashion https://ift.tt/vlPzLRd

JD.com Inc.’s chief executive officer is departing after only about a year at the post, a surprise move that coincides with the Chinese internet retailer’s slowest pace of growth on record. from Business of Fashion https://ift.tt/skcLtK4

The Cartier-owner reported earnings that beat analysts’ estimates as sales in China rebounded following the end of Covid Zero policies. from Business of Fashion https://ift.tt/GnUAsgO

Thanks to its sweet-spot pricing and strong brand identity, the cult Parisian label is proof that the original direct-to-consumer, cut-out-the-middleman business model still works. Now, it’s opening a US office and launching new categories like homeware and kids. from Business of Fashion https://ift.tt/9vdaBX3

Join the global livestream on May 30 and 31, 2023 to unlock essential learnings, challenge conventional thinking and inspire innovation in the global beauty and wellness industry. from Business of Fashion https://ift.tt/9xIRM2y

Since 2016, the vacuum company has found an entirely new audience with its dryers and multi-stylers. Its latest launch, the Airstrait, is the first of an anticipated 20 new products over the next four years. from Business of Fashion https://ift.tt/i3SNTnF

At its annual meeting Thursday, the company confirmed plans to sell its remaining stock of Yeezy sneakers rather than destroy the merchandise. Adidas also told investors that an investigation into Ye’s workplace misconduct did not substantiate claims of harassment. from Business of Fashion https://ift.tt/lKAbs7T

Tapestry Inc raised its annual profit forecast on Thursday, betting that price increases, strong demand for its Coach handbags and a sharp rebound in China would shield it from a wider slowdown in US luxury purchases. from Business of Fashion https://ift.tt/YrMv0zP

Unpack the latest controversy with Tarte Beauty, TikTok's "repurchase" trend, Taylor Swift's Eras tour and Sofia Richies wedding makeup. from Business of Fashion https://ift.tt/69qGgw2

US-listed shares of the Beijing-based company rose nearly 4 percent in trading before the bell. from Business of Fashion https://ift.tt/ev4giOE

The industry’s “always on” mentality can make balancing domestic and professional responsibilities a challenge, even when companies offer robust family benefits. from Business of Fashion https://ift.tt/r4eBx9o

Sales at Italian fashion group Tod’s rose by 23 percent in the first quarter of the year, beating analysts’ forecasts thanks to a strong performance in China and despite moderate growth in the Americas. from Business of Fashion https://ift.tt/9bPWSL7

he New York-based designer will oversee Helmut Lang’s men’s and women’s collections, effective May 15. His debut collection, spring 2024, will be presented during New York Fashion Week later this year. from Business of Fashion https://ift.tt/21kbQ3d

During Mental Health Awareness Month, join BoF’s senior correspondent Sheena Butler-Young and commercial features editor Sophie Soar for #BoFLIVE, as they share key insights from recent articles ranging from handling burnout to supporting parents in fashion’s hybrid workplace. from Business of Fashion https://ift.tt/CmqR31F

The social media giant, which is owned by Chinese company ByteDance, denied a Wall Street Journal report published Wednesday that it was postponing the wider rollout of its US shopping platform. from Business of Fashion https://ift.tt/KPDrid2

Pairing a designer label and a fast-fashion brand is about so much more than a quick marketing hit these days. Rule #1: Dupe thyself. from Business of Fashion https://ift.tt/sTwhj5Q

A new wave of ChatGPT assistants from companies like Shopify and Kering could transform how we shop online. It’s unclear how well they actually work, so BoF took them for a spin. from Business of Fashion https://ift.tt/PtT93IZ

Despite making progress on their respective profitability goals, investors for both online resale sites were hardly impressed Tuesday afternoon when the companies reported first-quarter earnings. from Business of Fashion https://ift.tt/CQBp8yP

Fast-growing womenswear maker Reformation will be the next big test of whether a brand pitching sustainability can win over a wider audience and deliver on environmental promises. from Business of Fashion https://ift.tt/Atya4DM

Coty Inc on Tuesday raised its annual profit forecast for the second time, as the CoverGirl parent banks on price hikes, new launches and resilient demand for its high-end and affordable fragrances and cosmetics. from Business of Fashion https://ift.tt/PaN41ly

On Thursday, German asset manager Union Investment — one of Adidas’ largest shareholders — is set to request the German sportswear giant discloses the findings of an internal inquest into the handling of misconduct allegations levelled at former collaborator Ye. from Business of Fashion https://ift.tt/WEPLuRm

The Indian company will take a 51 percent stake in the local fashion group in a deal valued at 1650 crore rupees (about $202 million). from Business of Fashion https://ift.tt/J8xLrw0

The retailer has proposed buying France’s Groupe Courir for an enterprise value of €520 million ($572 million), in what would be the British group’s first acquisition since setting out ambitious expansion plans in February. from Business of Fashion https://ift.tt/NpzW1ME

Bidayat, a fund controlled by Rachid Mohamed Rachid, is set to relaunch Italian label Albini after acquiring its IP and archive, BoF can confirm. Rachid declined to comment on unconfirmed media reports that Alessandro Michele is involved. from Business of Fashion https://ift.tt/78KFrWu

The advertising watchdog is banning growing numbers of advertisements that exaggerate the benefits of health and beauty treatments such as Botox, lip fillers and diet aids. from Business of Fashion https://ift.tt/YH5Akq8

When a beauty product transcends its original value proposition, such as cleansing hands or moisturising skin, it can offer consumers desired forms of cultural capital. from Business of Fashion https://ift.tt/RvMQ4El

Lessons From LA’s Hottest Retail Destinations from Business of Fashion https://ift.tt/yCwjaUO

Allbirds, Warby Parker, The RealReal and others have plenty to prove when they report earnings this week. That, plus what else to watch for. from Business of Fashion https://ift.tt/TSkcbgo

This week, US lawmakers ratcheted up pressure on some of the industry’s biggest names as the relationship with Beijing and Washington continues to deteriorate. from Business of Fashion https://ift.tt/o7IAfqN

The beauty company behind brands including Rimmel and Kylie Cosmetics has seen its shares rally almost 60 percent in 12 months. from Business of Fashion https://ift.tt/bIJ1FXc

After nearly 15 years at Gucci, the executive will join the Moncler Group-owned Italian label on June 1. from Business of Fashion https://ift.tt/QaGH1SP

US retailers replaced technology firms in cutting the most number of jobs in April, as companies show little signs of easing their belt-tightening drive in an uncertain economy. from Business of Fashion https://ift.tt/dqeRv8N

A bipartisan group of two dozen US representatives was calling for the Securities and Exchange Commission to halt the initial public offering of Chinese-founded fast-fashion giant Shein until it verifies it does not use forced labor, according to a letter seen by Reuters. from Business of Fashion https://ift.tt/YCMoW7w

Sales of smartwatches, including Apple’s top-selling version, have plateaued and are no longer a significant threat to the pricier end of the Swiss watch industry, according to Morgan Stanley. from Business of Fashion https://ift.tt/5zZXayl

Alibaba Group Holding Ltd.’s international online shopping unit is exploring a US initial public offering as it weighs options to spur growth for the business that includes major e-commerce brands Lazada and AliExpress. from Business of Fashion https://ift.tt/ntkHChE

Shopify Inc. shares surged after the Canadian e-commerce company cut jobs for the second time in 10 months and agreed to sell the majority of its logistics business to Flexport Inc. as it faces a challenging climb back from last year’s slump. from Business of Fashion https://ift.tt/GseiX09

British fashion retailer Next maintained its guidance for annual profit after reporting a smaller decline in first-quarter sales than it expected, saying it was too early in the year to change its outlook. from Business of Fashion https://ift.tt/1geXwsk

CEO Oh Sang Hyeon shares how Hyaloid’s latest platform strives to ease the customer user experience through several applications delivered on one platform technology, accessed with the use of one password on its social commerce service. from Business of Fashion https://ift.tt/HGtTeVQ

On Wednesday, Sephora US named Zena Srivatsa Arnold as the brand’s new chief marketing officer, according to a company spokesperson. from Business of Fashion https://ift.tt/t2zFPdL

US House lawmakers are requesting information from Nike Inc., Adidas AG and at least two other companies on whether they are importing products derived from forced labour in China. from Business of Fashion https://ift.tt/cntzDE3

Refusing to engage with the technology amid rising concerns it could replace human creativity and displace workers isn’t going to stop it or prepare companies and their employees for the future. from Business of Fashion https://ift.tt/GAd5KmJ