Fashion World News

This week, Kering’s beauty strategy came into focus when the world’s second largest luxury fashion group announced that it is acquiring the niche fragrance brand Creed at a price close to $3 billion. from Business of Fashion https://ift.tt/ZpOrHS7

The move comes as Karla Otto-owner The Independents, which acquired Bureau Betak in 2021, raises $400 million in funding to fuel ambitions to double in size by 2025. from Business of Fashion https://ift.tt/1oUJE6B

Nike Inc. reported sales that outpaced Wall Street’s expectations while profit fell just short of estimates as the company works to sell off its high stockpiles of merchandise. from Business of Fashion https://ift.tt/Y5Ug2s4

Shein, the Chinese online fashion retailer worth more than $60 billion that is under scrutiny from US lawmakers over its labour practices, has registered with regulators for an initial public offering in New York, people familiar with the matter said. from Business of Fashion https://ift.tt/gABWxN6

Hennes & Mauritz AB shares rallied after the Swedish fast-fashion retailer made progress in reducing a longstanding inventory buildup, leading to greater optimism that profitability will improve. from Business of Fashion https://ift.tt/wcUteTb

The US antitrust regulator is planning to file a suit targeting Amazon’s core online marketplace in the coming weeks, Bloomberg News reported on Thursday, citing documents and people familiar with the matter. from Business of Fashion https://ift.tt/V0JsUrK

This week, TikTok couldn’t get enough of new products from Rare Beauty and Rhode, E.l.f.’s collaboration with influencer Mikayla Nogueira and the return of “baking.” from Business of Fashion https://ift.tt/dNqHk6Y

The school’s Florence campus director Danilo Venturi shares how IED is tailoring five new postgraduate courses led by mentorship and interdisciplinary, project-driven teaching to meet the needs of fashion’s next generation of talent. from Business of Fashion https://ift.tt/QHZTqbw

Kim Kardashian’s underwear label Skims plans to open its first permanent stores next year as it plots retail expansion in the US and abroad. from Business of Fashion https://ift.tt/aem8v6O

Zalando, Europe’s biggest online fashion retailer, has made the first legal challenge to new EU content rules, suing the European Commission for putting it in the same category as Alphabet’s Google and Meta Platforms. from Business of Fashion https://ift.tt/ZtPGjqR

LVMH chairman and chief executive officer Bernard Arnault has touched down in China, kicking off a flurry of interest on social media in a key market for his group’s sprawling luxury empire. from Business of Fashion https://ift.tt/6YcKEnk

Property developers are set to build 8 million square metres of retail space in a sign of long-term confidence in the troubled but increasingly competitive market. from Business of Fashion https://ift.tt/vJSAN6n

The French luxury group’s head of image and environment addressed criticism over its decision not to join existing industry sustainability initiatives, in which fast fashion players play a large role, and pushed for greater collaboration amongst luxury companies. from Business of Fashion https://ift.tt/1vSN7VF

Its first group of digital fashion designers will receive mentorship from the British Fashion Council, top names at Vogue and Calvin Klein and metaverse expert Matthew Ball, to name a few. from Business of Fashion https://ift.tt/8nY9ghk

Despite the slowdown in its US and Canadian markets, the British retailer stuck to forecasts for pretax profit to come in at about £1.04 billion ($1.32 billion) for the 12 months to the end of January. from Business of Fashion https://ift.tt/9H4FOx7

Israel-based beauty tech company Oddity filed a registration statement with the U.S. Securities and Exchange Commission for an initial public offering under the ticker “ODD” this week. The number and price of shares to be offered is yet to be determined. from Business of Fashion https://ift.tt/HZhVPlc

Almost four decades after Diana, Princess of Wales was first photographed in her now-infamous ‘black sheep’ sweater, her original garment is set to be sold at auction. from Business of Fashion https://ift.tt/CLB6DKI

Pleasing, founded by musician Harry Styles, has tapped Shaun Kearney, former chief design and merchandising officer at Gwyneth Paltrow’s Goop as its first CEO. from Business of Fashion https://ift.tt/bWRnj4t

Hein Schumacher will soon inherit a company that has failed to deliver sustainable sales growth despite powerful brands and enviable positions in emerging markets. Schumacher must reverse that underperformance. If he can’t achieve it within the company’s current structure, he must look at a more radical solution: a breakup. from Business of Fashion https://ift.tt/mQGx8O3

Paris-based label Casablanca has appointed former Stella McCartney chief to help ignite a new phase of growth at the brand. from Business of Fashion https://ift.tt/xHbYgPO

Associated British Foods Plc raised its outlook for the full year as consumers battling a cost-of-living crisis manage to absorb higher prices for food, ingredients and clothing. from Business of Fashion https://ift.tt/nsViJfl

BoF meets four designers from Raisefashion’s brand fellowship programme without formal fashion training, to learn the challenges they have faced in starting a brand and how the non-profit is supporting their venture. from Business of Fashion https://ift.tt/AIL3xab

Paris men’s fashion week had a postcard-like feel, but there were standouts that proposed a shift in dress as well as a spectacle, writes Angelo Flaccavento. from Business of Fashion https://ift.tt/Kju5vPY

Results from two of fashion’s biggest companies will offer clues about China’s recovery, sweeping changes in the fast fashion landscape and more. That, plus what else to watch for in the coming week. from Business of Fashion https://ift.tt/IzwLdke

Designers say fashion’s obsession with technical outerwear like hiking boots and cargo vests may have peaked. Noah’s Brendon Babenzien is the latest to abandon the trend in an upcoming collaboration with Puma. from Business of Fashion https://ift.tt/48Vv02B

Music star Rihanna is stepping away from the chief executive role at her lingerie brand, Savage X Fenty, five years after she created it and has announced a fashion executive to take her place. from Business of Fashion https://ift.tt/JZqprRa

Growth will largely come from a rebound in China, a strong Japan market and tourism to Europe. However, brands won’t feel the impact equally, said Bain partner Claudia D'Arpizio. from Business of Fashion https://ift.tt/9dIO5U7

A congressional report says the Chinese-owned e-commerce business has insufficient systems in place to prevent goods made by forced labour being sold on its platform. from Business of Fashion https://ift.tt/AVvHYg2

Four designers from Raisefashion’s brand fellowship programme share how the non-profit has enabled the creatives to take their business from strength to strength, and better navigate on-going market challenges today. from Business of Fashion https://ift.tt/ZjLQn6K

People shop on popular online retailers like Shein and Temu because the prices are low. So low, in fact, that the companies don’t have to pay tariffs when the products are shipped to the US. from Business of Fashion https://ift.tt/FaKy4L6

The private equity firm has taken a majority stake in Sprecher Berrier Group of Companies, the parent company of niche fragrance lines Parfums de Marly and Initio Parfums Privés. from Business of Fashion https://ift.tt/06Stg4e

Fast fashion giant Shein will strengthen its presence in Europe and Mexico, including selling more locally made products, in a bid to diversify its China-centric supply chain. from Business of Fashion https://ift.tt/1C2wOoj

As mass brands adopt labelling and ingredients once reserved for high-end products, some companies are staking out a new “ultra luxury” space, where entry-level creams and serums cost $1,000 or more. from Business of Fashion https://ift.tt/bg7i1qw

Users on the social media platform couldn’t stop talking about new lip “blur” products from popular beauty brands, DIY foundation and the makeup looks from HBO’s newest show. from Business of Fashion https://ift.tt/YcZMWU7

From books to cloud computing, Amazon Inc. has gone on to dominate many segments over the years. Now Morgan Stanley projects that the e-commerce giant will become the biggest player in another space: beauty. from Business of Fashion https://ift.tt/pMBy8RP

The New York creative often credited with pioneering luxury streetwear has stepped away from design duties at the brand he founded, though he remains a shareholder. From his new base in Berlin, Oliver is focused on a constellation of projects under the nascent Shayne Oliver Group. from Business of Fashion https://ift.tt/o4qZWtz

Shoe maker Skechers sued fashion company Steve Madden in Los Angeles federal court on Tuesday, claiming its “Kennie” line of sneakers violates Skechers’ trademark rights in its “S” logos. from Business of Fashion https://ift.tt/qRXGa5H

The Federal Trade Commission sued Amazon on Wednesday, accusing the e-commerce behemoth of luring unwitting customers into subscriptions for Amazon Prime membership, and creating a “labyrinthine” process to cancel it. from Business of Fashion https://ift.tt/sAPI6Jc

Revolution Beauty postponed its annual general meeting (AGM), the UK-based beauty products retailer said on Wednesday, two days after its largest shareholder Boohoo said it would vote against the reappointment of the company’s CEO. from Business of Fashion https://ift.tt/lfaYegI

As consumers re-engage with physical retail globally, BoF hosted a thought-leadership panel to discuss best-in-class strategies for SMEs innovating their retail ecosystems to drive performance and build their brand, from consumer behaviour insights and events strategies to technological integration and omnichannel engagement. from Business of Fashion https://ift.tt/qs5TNvt

The creative polymath’s debut show aimed to cement Louis Vuitton’s positioning as a purveyor not just of fashion, but culture writ large. from Business of Fashion https://ift.tt/Lm4UZXw

Denver-based fashion group VF Corp. has hired Bracken Darrell as chief executive, ending a seven-month search for a successor to former chief executive Steve Rendle, who unexpectedly retired in December last year. from Business of Fashion https://ift.tt/tTfSH29

The fashion consultancy raised a seed funding round led by Net-a-Porter founder Carmen Busquets to support emerging designers. from Business of Fashion https://ift.tt/Z3US0Q1

The long lines of customers outside Chanel and Louis Vuitton stores on Hong Kong’s Canton Road are finally back, and the city’s biggest mall operator is trying to get them to spend like before. from Business of Fashion https://ift.tt/9ZIrjc5

Shipments surged by 14 percent last month to 2.3 billion francs ($2.6 billion) in value, the Federation of the Swiss Watch Industry said Tuesday. from Business of Fashion https://ift.tt/jcQgarl

For The State of Fashion: Beauty, the skin care label’s founder unpacks how she has found multiple ways to support and build a Gen-Z community, from mental health advocacy to open, dynamic dialogue with Topicals’ fan base. from Business of Fashion https://ift.tt/WE2AqzN

From ChatGPT to Midjourney to Runway, the emerging technology is already showing why it could be one of the most consequential in decades for the fashion industry. Early adopters and experts unpack the opportunities and challenges of putting gen AI to use to design products, create campaigns and other content, and better connect with customers. from Business of Fashion https://ift.tt/lLmk1KA

Milan men’s fashion week was all about finding new ways of deconstructing manhood, reports Angelo Flaccavento. from Business of Fashion https://ift.tt/rIULsyd

The group said it had beaten its full price sales estimates by £93 million ($119 million) in the period. from Business of Fashion https://ift.tt/Ot5Kgzu

Crafting a coherent identity across fashion and beauty — which operate on different timelines, often serve different audiences and are managed by different companies — is a difficult task, especially in the wake of a designer transition. from Business of Fashion https://ift.tt/wiX7NRf

Executive director and founding board member, Felita Harris discusses the non-profit’s brand fellowship programme — an 8-week masterclass for 8 BIPOC designers, conducted by experienced industry advisors and senior executives. from Business of Fashion https://ift.tt/a6otewR

The Paris men’s week show is expected to play a major role in LVMH’s plan to turn its biggest label into a “cultural brand.” That, plus what else to watch for this week. from Business of Fashion https://ift.tt/8vgWyGT

The European Fashion Alliance, a coalition of groups including France’s Fédération de la Haute Couture et de la Mode and Italy’s Camera Nazionale Della Moda Italiana, has weighed in on EU plans to regulate fashion. They’re not entirely happy. from Business of Fashion https://ift.tt/vwC74Lf

The lawsuit accuses Villaseñor, who launched the hit streetwear label beloved by rappers and NBA players in 2015, of misappropriating company finances. from Business of Fashion https://ift.tt/AgPzEO6

Sales at the VF Corp.-owned brand have slipped, a sign that there may be a limit to how much its pioneering drops and collabs model can scale. But don’t count the streetwear giant out yet. from Business of Fashion https://ift.tt/4X7jOhG

The pioneering 89-year-old entrepreneur shares her life story as a child refugee who fled Nazi Germany and created a $3 billion technology company. from Business of Fashion https://ift.tt/v48L9Oc

Fragmentation is, paradoxically, the strongest through line in menswear today, writes Angelo Flaccavento. from Business of Fashion https://ift.tt/jlBz0Eu

The fashion director has been promoted to editor-in-chief of Vogue Ukraine, according to a post on Instagram. from Business of Fashion https://ift.tt/5fIhbvK

JD.Com, Tmall, Pinduoduo and others are competing fiercely in the country’s first major shopping festival after the pandemic. from Business of Fashion https://ift.tt/G4crf0b

Some digitally native start-ups are buying or building factories to cut production times and control quality. But not every company is built to handle manufacturing themselves. from Business of Fashion https://ift.tt/52YWdnM

A strong start to June for the world’s second-biggest fashion retailer H&M, an optimistic outlook from Hugo Boss and a return to profitability at Asos helped allay concerns over a sector hit by weakening US demand. from Business of Fashion https://ift.tt/hgac9kD

The social media platform’s fascination with Marvel, curly hair routines and Danessa Myrick continues. from Business of Fashion https://ift.tt/1ijJX07

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/ebjG1dh

Discover the most exciting career opportunities now available on BoF Careers — including jobs from Moncler, Stussy and Harper’s Bazaar Arabia. from Business of Fashion https://ift.tt/Mygc4iS

Join us for a special Masterclass, as BoF’s technology correspondent Marc Bain, along with a panel of experts, unpack our upcoming case study on generative AI. from Business of Fashion https://ift.tt/WjLxigU

Beauty Barrage founder and CEO Sonia Summers shares how the turn-key service, supplying brands with brand ambassadors, educators and event specialists, alleviates challenges around retail staff training and retention to allow beauty brands and retailers to focus on growth and revenue. from Business of Fashion https://ift.tt/lN3XjCG

Discussions on the Olympics deal, being negotiated by Antoine, revolve around promotions focused on LVMH as a group, its two biggest fashion labels — the Louis Vuitton and Dior brands — as well as champagne. from Business of Fashion https://ift.tt/CnPU2G6

LVMH is increasing its use of Epic Games’ technology to create new virtual experiences across its brands, such as virtual fitting rooms and fashion shows and digital twins, the luxury conglomerate announced on Wednesday at the Viva Technology conference in Paris. from Business of Fashion https://ift.tt/XJ8QZt1

Stitch Fix, an online personal styling service, appointed Matt Baer as its new chief executive officer. from Business of Fashion https://ift.tt/GepPCkm

The edition will also cover some of the other countries that were once part of Yugoslavia in Europe’s western Balkan region including Bosnia & Herzegovina and Montenegro. from Business of Fashion https://ift.tt/1dEPw2G

An array of emerging brands are attempting to glamourise and destigmatise everything from periods to hot flashes. from Business of Fashion https://ift.tt/mIX3KHJ

The wealthy may be in a mood to splurge but middle-class consumers remain cautious six months after the end of ‘zero-Covid’ policies due to mixed signals in the Chinese economy. from Business of Fashion https://ift.tt/3TcnkGw

EU antitrust regulators who raided Kering’s Gucci and other fashion firms in April are looking into how they set prices of handbags and leather goods for distributors, three people with direct knowledge of the matter told Reuters. from Business of Fashion https://ift.tt/7loKTBr

They are joined by Nina Christensen and Anne Holtrop, and will guest design two limited-edition collections. from Business of Fashion https://ift.tt/uHdf9Ts

At the inaugural The Business of Beauty Global Forum in Napa Valley, BoF sat down with Unilever Prestige CEO Vasiliki Petrou to discover why she believes new media channels, more immersive content and a laser focus on customer experience are critical to unlocking future growth in the beauty industry. from Business of Fashion https://ift.tt/oViHdKz

Rose and Nash were the highlights of a truncated London Fashion Week, reports Susanna Lau. from Business of Fashion https://ift.tt/klY2bBG

Air Afrique, a Black-owned, Paris-based collective founded by creatives Lamine Diaoune, Djiby Kebe and Jeremy Konko, will launch a new print magazine during Paris Fashion Week on June 23. from Business of Fashion https://ift.tt/7JH2izU

New-York based streetwear giant Supreme generated revenues of $523.1 million for the year ended March 2023, down from $561.5 million in the same period the year before, according to parent company VF. Corp’s annual report. Net income also decreased to $64.8 million, down from $82.4 million the year before. from Business of Fashion https://ift.tt/EAKsGjz

Gen-Z sports stars like Angel Reese and Shai Gilgeous-Alexander have become unlikely ambassadors for cosmetics brands, connecting them to underserved communities. Some are even bypassing partnerships to launch beauty ventures of their own. from Business of Fashion https://ift.tt/vP3B4aA

A host of buzzy emerging designers will bring the hipster-meets-hiking trend to Italy, while heritage labels are riding high on the craze for pricey, muted style. That, plus what else to watch for this week. from Business of Fashion https://ift.tt/uZwrSkb

Ball, who joined WSJ. Magazine as digital director in 2018, will fill the role vacated by Kristina O’Neill, who exited the publication in April. from Business of Fashion https://ift.tt/OMCRw7r

Retailers have long regarded the e-commerce behemoth as an existential threat, but it’s becoming increasingly difficult to ignore the benefits of selling on the platform — especially when a sales boost is badly needed. from Business of Fashion https://ift.tt/cB9RuYs

On Friday, Pemsel revealed the strategic priorities the industry body would focus on during his tenure. from Business of Fashion https://ift.tt/AOWpRKE

At The Business of Beauty Global Forum 2023, Pamela Anderson shared her perspectives on how the definition of beauty — and the beauty business — is changing with Moj Mahdara. from Business of Fashion https://ift.tt/lsunDNR

Discover the most exciting career opportunities now available on BoF Careers — including jobs from PVH, Prabal Gurung and Gant. from Business of Fashion https://ift.tt/ZvOtu8q

Monica Arnaudo shares her thoughts in The State of Fashion: Beauty on how the beauty industry will increasingly prioritise mixing products and services that emphasise the mind, body, spirit and “feeling good” into daily routines. from Business of Fashion https://ift.tt/TFNjpdZ

The ultra-fast-fashion company has become a a particular lightning rod for criticism of fashion's negative environmental and social impact. from Business of Fashion https://ift.tt/ebJmBZn

The Kardashian-Jenner clan continues to dominate on TikTok, as well as Makeup By Mario’s new blush. from Business of Fashion https://ift.tt/upT8EKS

ByteDance aims to more than quadruple the size of the platform's global e-commerce business to as much as $20 billion in merchandise sales this year, banking on rapid growth in Southeast Asia. from Business of Fashion https://ift.tt/lsFhzpP

The fast fashion giant, better known for its reputation of knocking off creativity than fostering it, has teamed up with thousands of designers and artists since 2021. Some say the move is all PR, others say it helps aspiring designers get a foot in the door. BoF unpacks what it’s really like inside SheinX. from Business of Fashion https://ift.tt/JTtOFos

Telfar said Wednesday that next week’s Bag Security Program drop would be its last. from Business of Fashion https://ift.tt/0i1vJ8w

Inditex SA, which owns the Zara clothing chain, is considering setting up a vehicle to invest in startups and technologies that it hopes could help green its business, according to people familiar with the matter. from Business of Fashion https://ift.tt/TGVk8zg

London-based designer Grace Wales Bonner has won this year’s British Fashion Council/GQ Designer Fashion Fund, the BFC said Wednesday. from Business of Fashion https://ift.tt/cqdPgCA

The online personalized styling service firm said on Tuesday it would explore exiting the UK market in its fiscal year 2024, blaming a weakening macro environment and increasing costs. from Business of Fashion https://ift.tt/9rLSeP0

The company said on Wednesday sales of its spring-summer collection gathered pace to jump 16 percent in May, as the retailer mitigates higher wage costs and keeps customers onside during a cost of living crisis. from Business of Fashion https://ift.tt/VfbQKzo

The brand’s quirky running sneakers are no longer a novelty as rivals like Nike, Adidas and On launch similar styles. Yet sales continue to soar as consumers embrace its winning formula of comfort, versatility and unconventional looks. from Business of Fashion https://ift.tt/ErTXB2o

The luxury brand launched its first saleable NFTs, and at €39,000, consumers can purchase one of Louis Vuitton's Via Treasure Trunks. from Business of Fashion https://ift.tt/6TANPqI

The luxury marketing and communications group — parent to Karla Otto and influencer marketing firm Lefty — raised $400 million in a round led by TowerBrook Capital Partners and media, gaming and online sports betting company, FL Entertainment. from Business of Fashion https://ift.tt/Y3Nkuar

Investors will closely watch Zara owner Inditex’s profit margins for any signs of weakness after a stellar series of results confirmed its lead over smaller Swedish rival H&M. from Business of Fashion https://ift.tt/FWfYMw3

After launching Victoria’s Secret beauty products on Amazon, the lingerie brand is expanding to include apparel on the retail platform. from Business of Fashion https://ift.tt/1bVBHYI

China’s jewellery market is surging double-digits but in the face of growing competition from local players some international brands are only seeing subdued returns. from Business of Fashion https://ift.tt/MpUjWhI

The State of Fashion: Beauty finds that brands have a growing opportunity to tap into emerging wellness subcategories — from sleep to sexual intimacy to ingestible beauty — by upgrading existing products or expanding portfolios, provided they do so with credibility and authenticity. from Business of Fashion https://ift.tt/uwzh780

The tech giant unveiled its new augmented-reality headset, showing off a variety of features and uses as it tries to create the first mainstream consumer hit in the category. from Business of Fashion https://ift.tt/FJyfANe

Luxury fashion house Armani Group has started an experimental agroforestry plantation in southern Italy to test new ways to produce cotton sustainably, it said on Monday. from Business of Fashion https://ift.tt/LCGIszZ

Sciuto will take up the chief executive role at the OTB-owned label next month, succeeding Gianfranco Gianangeli. from Business of Fashion https://ift.tt/X8oiDCk

Dash Hudson chief marketing officer Kate Kenner Archibald joined BoF’s Alice Gividen to discuss the channels that matter, key strategic approaches and the metrics to measure for fashion and beauty SMEs today. from Business of Fashion https://ift.tt/3BxyFm4

Founder Mohammed Ashi becomes the first couturier from the Gulf region known to join the Fédération de la Haute Couture as a guest member and will show on the official calendar on July 6. from Business of Fashion https://ift.tt/ZRFLdGj

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/RSmLby1

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/eRxQ27u

While 2020′s racial reckoning promised sweeping industry change, progress has been slow. Today, Black beauty brands are hoping to court their consumers in more creative ways. from Business of Fashion https://ift.tt/ay7IV81

Apple’s expected announcement of its mixed-reality headset on June 5 will undoubtedly shape expectations about the metaverse. Many in the fashion industry will be keeping close watch. That, plus what else to watch for in the coming week. from Business of Fashion https://ift.tt/5AUmWb6

Target Corp. has erased almost $14 billion in market value since it reported earnings last month, and some on Wall Street see more pain ahead for the retailer. from Business of Fashion https://ift.tt/RQizFef

Enninful will transition to a new global advisory role, while ‘having the freedom to take on broader creative projects,’ he said in a memo to staff. from Business of Fashion https://ift.tt/RhOkGlz