Fashion World News

Shares were down 4 percent in extended trading after the company also reported a lower-than-expected second-quarter profit. from Business of Fashion https://ift.tt/XlpEhtv

The global diamond sector is scrambling to get ahead of an upcoming G7 ban on Russian gems from Business of Fashion https://ift.tt/C4a9Bl6

On Monday, the star designer released her namesake label’s first products, serving up ‘Old Celine’ chic spiked with a raunchier undercurrent. BoF breaks down the drop, as well as a go-to-market strategy that couldn’t be further from the standard luxury playbook. from Business of Fashion https://ift.tt/1fgc3uM

British online fashion retailer ASOS Plc (ASOS.L) is exploring a sale of its Topshop brand, Sky News reported on Saturday. from Business of Fashion https://ift.tt/5giZvAh

Activist investors are demanding big changes at the fashion conglomerate, which also owns The North Face, Supreme, Timberland and other brands. The company will have a chance to lay out its own vision when it releases earnings this week. from Business of Fashion https://ift.tt/Kn26sR0

From Glossier-themed Bat Mitzvahs to the return of tramp stamps, the week in beauty news. from Business of Fashion https://ift.tt/TjvdQMB

Dollar Shave Club, the brand that pitched cheap razors with quirky commercials, is being sold by Unilever, its multinational owner. from Business of Fashion https://ift.tt/hCwYb15

The United Nations agency specialising in international cooperation through education, arts, sciences and culture released a report at the launch of Lagos Fashion Week in Nigeria. from Business of Fashion https://ift.tt/Br4pMeV

UPS on Wednesday announced that it bought reverse logistics start-up Happy Returns from its previous owner PayPal for an undisclosed sum. The deal is expected to close in the final quarter of the year. from Business of Fashion https://ift.tt/ZzhTpGQ

Investors will look for signs that Amazon’s aggressive expansion of same-day delivery services helped increase its third-quarter profit margin by spurring shoppers to place more frequent and bigger orders. from Business of Fashion https://ift.tt/Oix1Qho

The luxury-goods industry’s first slowdown since the pandemic is separating the winners from the losers. from Business of Fashion https://ift.tt/v08SUgP

The life and work of the taboo-busting photographer continues to enthral and scandalise in equal measure, writes Tim Blanks. from Business of Fashion https://ift.tt/ocrhCz3

Meta Platforms Inc. was sued by California and a group of more than 30 states over claims that its social-media platforms Instagram and Facebook exploit youths for profit and feed them harmful content. from Business of Fashion https://ift.tt/DHKFg9N

Matter and Shape is a new design fair set to be held in the Tuileries Garden during Paris Fashion Week. from Business of Fashion https://ift.tt/JsyI926

BoF sits down with Siam Piwat’s president of sales and business relations Caroline Murphy to discover how best to engage the evolving Asian consumer, the luxury trends driving “hyper-growth” and the cultural forces increasingly influencing the market. from Business of Fashion https://ift.tt/3zI4tlm

Kim Kardashian’s shapewear brand Skims is launching a menswear collection. from Business of Fashion https://ift.tt/zCN9gwt

Steve Madden announced on Monday that it had completed its $52 million acquisition of apparel company Almost Famous. from Business of Fashion https://ift.tt/IB3JEOT

Join us for a BoF Professional Masterclass that explores the topic in our latest Case Study, “Fashion’s New Playbook for Online Returns.” from Business of Fashion https://ift.tt/8YmVUvy

The complex agreement would see the luxury marketplace eventually take control of its top competitor from current owner Richemont. from Business of Fashion https://ift.tt/7Z02pJH

The e-commerce boom may have cooled but online returns rates remain high, and the costs of processing them are more expensive than ever. BoF unpacks how retailers can reduce the costs of returns and protect profit margins, while improving customers’ shopping experience to generate higher sales. from Business of Fashion https://ift.tt/VUtvROW

Financial results from Kering and Hermès will confirm or counter warning signs about the spending of wealthy consumers. That, plus what else to watch for in the coming week. from Business of Fashion https://ift.tt/bSMiKYh

The show was released as a video, filmed at the Bibliothèque Nationale in Paris. from Business of Fashion https://ift.tt/jNT2x1O

Inditex SA has increased the frequency of truck deliveries to some Zara stores in its home market, as part of a trial that could signal a further acceleration in the retailer’s supply chain. from Business of Fashion https://ift.tt/xIfayE5

The Council of Fashion Designers of America and Vogue presented New York-based German designer Melitta Baumeister, known for her innovative, often voluptuous silhouettes, with the 2023 CFDA/Vogue Fashion Fund Award. from Business of Fashion https://ift.tt/2IZwm4G

L’Oreal reported a brisk rise in third quarter sales on Thursday, lifted by growth in Europe and an acceleration in the United States, but missed expectations for a strong rebound in China. from Business of Fashion https://ift.tt/CFpXZT1

After testing the waters in local retailers, the Shiseido-owned makeup line will debut a standalone location. from Business of Fashion https://ift.tt/1dnEDsX

The production agency will draw on the resources of Hettmann’s namesake company and MA + Group to produce events for luxury, fashion and design clients. from Business of Fashion https://ift.tt/Fju1iy8

In the last three years, heritage porcelain brand Ginori 1735 has rebranded, introduced a furniture collection and expanded into lifestyle. Now, BoF sits down with CEO Alain Prost to learn about its next steps, including an update to its Oriente Italiano collection. from Business of Fashion https://ift.tt/oHdgx6L

Procter & Gamble Co. is weighing options for the Chinese operation of its hair-care brand VS Sassoon, people with knowledge of the matter said. from Business of Fashion https://ift.tt/8jE1Cur

Activist investor Engaged Capital has taken a stake in VF Corp. and wants the the owner of the Vans and Supreme Brands to make divestitures to pay down debt. from Business of Fashion https://ift.tt/UMmR68t

Facing mass retirement from their ageing artisanal workforce, fashion brands and makers are working to gain — and hold — the attention of the next generation of pattern makers, tailors and more. from Business of Fashion https://ift.tt/5fzSbeg

Lululemon Athletica Inc. climbed Monday following news that the athleisure company will join the S&P 500 Index, notching its seventh straight session of gains and extending its outperformance this year. from Business of Fashion https://ift.tt/ntd0LQE

Swedish retailer Hennes & Mauritz AB is planning a debut green bond sale, the latest effort by a fast fashion company to improve the sustainability of its business. from Business of Fashion https://ift.tt/GluYcaC

Hermès has added mascara, eyeshadow and makeup brushes to its growing lineup of cosmetics. from Business of Fashion https://ift.tt/hprfQiO

Davide Renne joins the Aeffe-owned house from Gucci, where he spent two decades, most recently as head of womenswear design. from Business of Fashion https://ift.tt/sd3K8HL

Consumers — and the industry — are increasingly buying into lab-grown stones, altering long-held jewellery industry standards for how diamonds are sold. from Business of Fashion https://ift.tt/GDAELxn

Consumers’ spending spree on high-end goods that kicked off during the pandemic has petered out. from Business of Fashion https://ift.tt/f6jJRvk

Belgian designer Igor Dieryck won the top prize at the 38th International Festival of Fashion, Photography and Accessories in Hyères, in the south of France. from Business of Fashion https://ift.tt/LaWzvRt

The industry will be keeping an eye on a key moment for Farfetch, plus Birkenstock’s trajectory, the return of LA Fashion Week and the escalating crisis in the Middle East. That, and what else to watch for in the coming days. from Business of Fashion https://ift.tt/YETOj8z

One of the creative masterminds behind Fenty is part of a group of new owners aiming to reboot LA Fashion Week with new formats and ties to entertainment, beauty and wellness. from Business of Fashion https://ift.tt/ivSp4ME

As China recovery remains rocky and US shoppers continue to tighten their purse strings, top luxury stocks have seen their value slump. from Business of Fashion https://ift.tt/9bNdD2W

The e-commerce giant’s slump reflects concerns that China’s consumption growth will remain sluggish. from Business of Fashion https://ift.tt/P68REUM

Despite a series of public controversies in 2020, the social media star’s clothing brand, WeWoreWhat, is setting revenue records and breaking into new categories. BoF spoke to Bernstein about her experience with “cancel culture” and how the brand survived. from Business of Fashion https://ift.tt/o0jIiMQ

Olaplex is replacing its chief executive as the haircare brand confronts a sharp slide in sales. from Business of Fashion https://ift.tt/2vOsBto

A post-pandemic recovery in China and the yen’s slide helped boost the Uniqlo owner’s operating profit by 28 percent year on year. from Business of Fashion https://ift.tt/L7yQa2R

The executive joins from Savage X Fenty, where she was co-president. from Business of Fashion https://ift.tt/HATayFs

Shares of the L Catterton-owned sandal maker sank on their first day of trading, a bad sign for other brands that are thinking about going public. from Business of Fashion https://ift.tt/TWZi1Fw

Western countries are “very close” to finalising a ban on Russian diamonds from retail markets in countries that are already sanctioning Kremlin assets, the Belgian prime minister has said. from Business of Fashion https://ift.tt/JACoXY4

The wealthy shoppers who fuelled LVMH’s rise to Europe’s most valuable company and made its founder the world’s richest man are showing signs of fatigue. from Business of Fashion https://ift.tt/xWizJHR

Birkenstock Holding Plc and its private equity owner priced shares in the footwear maker’s initial public offering toward the middle of a marketed ranged to raise $1.48 billion. from Business of Fashion https://ift.tt/2pR6LPG

For years, beauty and wellness lines have been awash with socio political messaging. Menstrual care brands like August and The Honey Pot are the latest to take a stand, advocating for period equity with The Tampon Tax Back Coalition. from Business of Fashion https://ift.tt/uqiHrav

The designer will stage a special event during the Florence trade show next January. from Business of Fashion https://ift.tt/ohC1kvE

Last month, Boss’s runway show in Milan featured a trio of limited-edition jackets made using a new fibre designed to replace polyester. But untangling the industry from a material that has played a central role in its growth will be a tricky business. from Business of Fashion https://ift.tt/neUX14o

From wage hikes to tuition assistance, fashion firms say they’re pulling out all the stops to revamp the store associate role — but their efforts aren’t taking hold. from Business of Fashion https://ift.tt/30jkGOo

The display, which first debuted in Shanghai in April, blends experiential elements with displays of items from the house’s archive to chart the history of the Italian brand. from Business of Fashion https://ift.tt/CJe67R5

Levi Strauss & Co cut its annual forecasts for the second time on Thursday after missing third-quarter sales estimates as the denim maker reeled from hefty promotions and falling sales at its wholesale channels in North America. from Business of Fashion https://ift.tt/ZDk4pTe

BoF shares product and consumer insights on the growth potential of India’s beauty and personal care market, from a new report by The Estée Lauder Companies’ BEAUTY&YOU program in partnership with 1Lattice. from Business of Fashion https://ift.tt/GrwxANC

The multi-brand specialty retailer on Friday filed for Chapter 11 bankruptcy, following a continued decline in sales post-pandemic that left it unable to pay back mounting debt. from Business of Fashion https://ift.tt/kBiz6oj

There’s fresh evidence from the FTSE 100 today of quite how vulnerable retailers are to unpredictable weather. from Business of Fashion https://ift.tt/QHdlujh

Facing an oversaturated beauty market, A-listers are returning to scents to profit off their image. Only now, you might find some of them stocked next to Byredo rather than at Walmart. from Business of Fashion https://ift.tt/hwn7RZk

Join us for a BoF Professional Masterclass that explores the topic in our Case Study, “Inside Beauty’s Biggest Disruptor.” from Business of Fashion https://ift.tt/Jg5oqAz

With his first Louis Vuitton men’s show behind him, BoF 500 cover star Pharrell Williams shares his long-term vision for the future of Louis Vuitton, and luxury itself, with BoF’s Imran Amed. from Business of Fashion https://ift.tt/i3S6HEY

Twenty years ago, people laughed at him in his shrunken grey suit. Now he’s showing haute couture in Paris, publishing a weighty monograph on his career, and chairing the CFDA. Who’s laughing now? from Business of Fashion https://ift.tt/G3pbEYL

A blockbuster public listing should clear the way for other brands to try their luck. That, plus LVMH results and what else to watch for in the coming week. from Business of Fashion https://ift.tt/fVQEe5x

To explore how brewed protein materials could impact the fashion market, BoF interviews Takuya Kinami, general manager of Goldwin and Kenji Higashil, executive vice president of Spiber Inc’s Sustainability Division and Representative of Spiber Europe. from Business of Fashion https://ift.tt/wk9F0pP

Chanel increased prices of its high-end products in China in September, amid a slowdown in demand for luxury goods worldwide after the post-pandemic boom years. from Business of Fashion https://ift.tt/ZEtS5ix

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/lzbEBah

Last month, Boss’s runway show in Milan featured a trio of limited-edition jackets made using a new fibre designed to replace polyester. But untangling the industry from a material that has played a central role in its growth will be a tricky business. from Business of Fashion https://ift.tt/U67Inv0

In response to heightened consumer desire for jewels that sparkle, small fine jewellery brands are finding success leaning into higher price points and more bespoke services catering to high-spending clientele. from Business of Fashion https://ift.tt/DUNbuS9

Levi Strauss & Co cut its annual forecasts for the second time on Thursday after missing third-quarter sales estimates as the denim maker reeled from hefty promotions and falling sales at its wholesale channels in North America. from Business of Fashion https://ift.tt/s8QaLEq

Puma SE shares had their biggest intraday drop in more than three years after the sportswear company’s comments on a call with analysts spurred worries about sales. from Business of Fashion https://ift.tt/bz8dgwT

The founding editor of digital publication Tweak India will succeed Megha Kapoor, who exited the title in August. from Business of Fashion https://ift.tt/MEwotqd

Italian luxury group Prada and Texas-based startup Axiom Space will collaborate to design NASA’s lunar spacesuits for the Artemis III mission planned for 2025, the two companies said on Wednesday. from Business of Fashion https://ift.tt/PI4LBxj

Miuccia Prada tells her own story at Miu Miu. How much of Virginie Viard’s is in Chanel? from Business of Fashion https://ift.tt/nmrguoe

But only members who previously purchased one of Nike’s virtual releases will have the chance to buy it. from Business of Fashion https://ift.tt/ldt9ZIM

Save for a few outliers, simplicity reigned at Paris Fashion Week, writes Angelo Flaccavento. from Business of Fashion https://ift.tt/Po79XyA

The French luxury brand with a sustainable bent was purchased by a new holding company founded by Designer Parfums’ Dilesh Mehta from Business of Fashion https://ift.tt/acLtqvS

As the chart-topping Colombian reggaeton singer and BoF 500 cover star becomes a global pop sensation, she is shaking up the fashion industry’s celebrity marketing playbook. from Business of Fashion https://ift.tt/j4mUR1F

Prices for pre-owned Rolex watches kept falling on the secondary market last month while entry-level models and brands like Cartier and Omega fared comparatively better. from Business of Fashion https://ift.tt/Wn4aEo0

The Fearless Fund must pause its Strivers Grant Contest, which awards funds to Black women entrepreneurs, pending the outcome of a lawsuit from a conservative group alleging such grants are unconstitutional. from Business of Fashion https://ift.tt/5ZKXmb8

DFS is making “an unprecedented investment” in the 128,000-square meter project, which will open by 2026 and feature over 1,000 luxury brands including those from LVMH Moet Hennessy Louis Vuitton SE, the firm said in a statement. from Business of Fashion https://ift.tt/IMJ2eV1

To discover how SMEs are successfully cutting through the noise to connecting with consumers in an increasingly crowded digital landscape, BoF interviews Christian Juuls Nielsen, the founder of Aknvas, Batsheva Hay of Batsheva and Arianne Elmy, founder of her eponymous brand. from Business of Fashion https://ift.tt/tXb0VOG

Balenciaga, Valentino and Louis Vuitton all have their issues, writes Tim Blanks. from Business of Fashion https://ift.tt/A6JuNwC

The Fearless Fund must pause its Strivers Grant Contest, which awards funds to Black women entrepreneurs, pending the outcome of a lawsuit from a conservative group alleging such grants are unconstitutional. from Business of Fashion https://ift.tt/4TJpLKz

The company and its stockholders are expecting to sell at least 32 million shares, likely to be priced between $44 and $49 apiece, and potentially raise about $1.58 billion at the top-end of the range, according to a filing with the US Securities and Exchange Commission. from Business of Fashion https://ift.tt/uZovbKA

Beauty brands are looking to neuroscent research and technology to sniff out the factors that lure buyers. from Business of Fashion https://ift.tt/LaYefMO

Having studied a degree in journalism, Kiera Ganann started out as a retail manager at Ralph Lauren, before taking roles at Levi’s and Bolt Threads, which took her from the shop-floor to the executive suite. Here, she shares insights into the importance of being open to feedback and the valuable lessons she learnt when starting out. from Business of Fashion https://ift.tt/zeH9oZI

The make-up wunderkind and BoF 500 cover star is growing a beauty brand that’s less about prettification and more about ‘world building’ for a generation that grew up with the speed and fluidity of the internet. from Business of Fashion https://ift.tt/HILAZca

Activewear brand Vuori Inc. is talking to investment banks about an initial public offering as soon as the middle of 2024, according to people with knowledge of the matter. from Business of Fashion https://ift.tt/5GdUwsi

Sarah Burton saying goodbye to McQueen gives pause for reflection on the question of legacy. So does Rei Kawakubo with yet another exercise in abstraction. from Business of Fashion https://ift.tt/prcoJQu

Pharrell Williams, Ashley Graham, Karol G and Naomi Campbell were among those who celebrated new entrants and longstanding members of The BoF 500 community during Paris Fashion Week. from Business of Fashion https://ift.tt/2NY1mCc

Gridlock in Washington could furlough millions of workers heading into the holiday shopping season. That, plus what else to watch for in the coming week. from Business of Fashion https://ift.tt/ZRB6JkV