Fashion World News

Designer Pharrell Williams unveiled his pre-fall 2024 men’s collection to about 1,200 guests. from Business of Fashion https://ift.tt/6vJr3nS

The activewear label announced that it secured growth investment in a funding round led by Raine Partners, the equity arm of investment firm The Raine Group. from Business of Fashion https://ift.tt/MKvly2G

The luggage and lifestyle brand is expanding its product and marketing strategies while launching collaborations and pop-up stores as its founder, Shay Mitchell, eyes expansion and profitability after five years in business. BoF learns more. from Business of Fashion https://ift.tt/J3yhu2B

Generative AI is already changing fields such as design and marketing, and while it presents a number of very real threats, it also holds potential benefits for all of humanity. from Business of Fashion https://ift.tt/GnDt3f7

Carlos Nazario will be responsible for styling the magazine’s covers and leading a team of creative collaborators, Harper's Bazaar editor-in-chief announced. from Business of Fashion https://ift.tt/aKeDCTs

Farfetch’s chief executive José Neves is reportedly conferring with top shareholders, including Richemont and Alibaba, and JP Morgan about delisting the company, The Telegraph reported on Tuesday. A take-private deal could happen imminently as Farfetch’s stock remains under pressure, according to the report. The e-tailer’s share price has plummeted more than 80 percent since its 2018 IPO. from Business of Fashion https://ift.tt/rn7Mw5z

Artificial intelligence, preserving a sense of humanity and the power of representation were just a few of the topics covered by speakers including Chanel CEO Leena Nair. from Business of Fashion https://ift.tt/kt5lefc

At BoF VOICES 2023, global CEO Leena Nair outlined the vision she’s crafted during her first two years leading the iconic brand. from Business of Fashion https://ift.tt/MrKi2Rg

Consumer spending over Thanksgiving Weekend may have exceeded expectations, but shoppers may be stretching their wallets too thin, analysts say. from Business of Fashion https://ift.tt/40rMNas

Across its 53-year history, international art fair Art Basel has been quick to innovate, catering to a rapidly developing art market and its customers. Today, it is utilising its expertise to help fashion and luxury do the same. from Business of Fashion https://ift.tt/LV1QSBq

A federal judge ruled the regulator can seek to reduce the amount of money the social media company makes from users under 18. from Business of Fashion https://ift.tt/c8hfPHF

The decision would involve transferring 153 of 219 employees to Milan, almost 500 kilometres (311 miles) to the north by March. from Business of Fashion https://ift.tt/PNSpZBy

Shiseido has doubled down on its commitment to China, even as it cuts its full-year forecast due to dampened local demand. from Business of Fashion https://ift.tt/oT5N4Sw

From makeup bags that double as clutches to pre-tax health savings, brands and retailers are leaning into consumer demand for more affordable prices. from Business of Fashion https://ift.tt/jwWGCHz

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/Yugitnb

While Chanel recently restaged its latest cruise show in nearby Shenzhen, Louis Vuitton is betting on Hong Kong for the unveiling of Pharrell’s second collection for the house. from Business of Fashion https://ift.tt/d4FPMvQ

The stylist and fashion editor reveals to BoF founder and editor-in-chief Imran Amed why she resigned from Vogue and how she is channelling her influence and energy to support that next generation of fashion talent. from Business of Fashion https://ift.tt/inYy5HQ

Waste from at least 19 international brands including Adidas and Walmart is being used to fuel kilns in brick factories in Cambodia, and some workers were falling ill, according to a report by a local rights group released on Monday. from Business of Fashion https://ift.tt/6nB7TGl

A growing body of consumer surveys suggests interest in sustainable consumption is reaching a tipping point. Those surveys are deeply flawed, writes Kenneth P. Pucker. from Business of Fashion https://ift.tt/cRlQJP8

She will succeed Gabriele Maggio, who is exiting the business next month “to pursue other opportunities,” the company said. from Business of Fashion https://ift.tt/ODjbuBN

Richardson was one of the most famous fashion photographers in the world, going on to work for the likes of Tom Ford, Vogue, Vanity Fair, and Yves Saint Laurent. from Business of Fashion https://ift.tt/ezHSsCy

A small but growing online fashion community is practising a more critical form of consumption, marrying the quiet luxury trend with a desire for value and environmentally responsible products. from Business of Fashion https://ift.tt/T9HUQ7n

In a delivery demand downturn, UPS and Fedex are expanding returns services aimed at helping retailers slash the cost of sending back shoes, apparel and other goods. from Business of Fashion https://ift.tt/FScYtUm

The agreement, which goes into effect January 2024, will allow EssilorLuxottica to design, produce and globally distribute Moncler eyewear. from Business of Fashion https://ift.tt/4ECfdwj

The move has triggered an executive shuffle in the watches and jewellery unit at parent company LVMH. from Business of Fashion https://ift.tt/gc2qjUY

With consumers expected to buy less this holiday season, categories poised to outperform the industry include off-price and personal care. But brands can still appeal to shoppers by conveying a sense of value, whether through discounts or a point of differentiation. from Business of Fashion https://ift.tt/80Axk9i

Shares of the upmarket department store chain fell nearly 1 percent in volatile after-market trading. from Business of Fashion https://ift.tt/SamUoxi

The company now expects annual revenue to be up mid single digits. from Business of Fashion https://ift.tt/b0XR7ag

More than a handful of brands confirmed reports of chronic late payments that sparked some vendors to halt shipments to the US department store. Owner Hudson’s Bay Company said it raised $340 million to help fund its retail operations. from Business of Fashion https://ift.tt/ghbp5cE

Bryan Goldberg’s rollup firm has struggled to turn its portfolio of well-known, if faded properties into a viable business amid sweeping changes in the online media economy. Now, BDG is going after wealthier readers, starting with a revival of Nylon’s print edition. from Business of Fashion https://ift.tt/SDq7eIJ

Twojeys has driven multi-million-euro sales of its accessibly priced jewels to Spanish Gen-Z shoppers by pushing engaging, voyeuristic content to its online community. Now the brand aims to take its concept international with the opening of a London store. from Business of Fashion https://ift.tt/E3Hvfx5

20,000 warehouse and delivery workers at Amazon’s local unit are to stage a one-hour strike on each shift on Nov. 27. from Business of Fashion https://ift.tt/grJ6BGj

De Beers’s decision to allow customers to refuse goods was the latest in a series of increasingly desperate moves across the industry to stem this year’s plunge in diamond prices. from Business of Fashion https://ift.tt/jVx5RuS

Consumers plan to spend an average of $567 during Black Friday and Cyber Monday shopping events, up 13 percent from last year, as they seek out the best deals while facing economic pressures such as higher prices and soaring interest rates. from Business of Fashion https://ift.tt/HG9ljAq

Like many companies in fashion and other industries, the $50 billion yoga apparel brand created a new department in 2020 it said would help improve its diversity and inclusion and create a more equitable playing field for minorities. In interviews with BoF, 14 current and former Black employees said things have only worsened since then. from Business of Fashion https://ift.tt/pbZuFgc

Shoppers are still reeling from inflation, even as pricing pressures are easing. Brands may need to offer deeper markdowns to ensure strong holiday sales. from Business of Fashion https://ift.tt/HnFxPtq

The British luxury brand’s quarterly results were disappointing, but we have yet to see the full potential of the new business and creative vision take hold, writes Imran Amed. from Business of Fashion https://ift.tt/tgXuWhv

Gap Inc. reported third-quarter profit that exceeded forecasts and a smaller-than-expected drop in comparable sales, showing that chief executive officer Richard Dickson is having early success in improving the company’s performance. from Business of Fashion https://ift.tt/KQC8iL6

Holiday beauty ads are already inescapable, and so is one clever phrase: “It’s giving.” from Business of Fashion https://ift.tt/wv76gI3

Negotiations over a new minimum wage for garment workers in Bangladesh have sparked mass demonstrations on streets across the capital. from Business of Fashion https://ift.tt/tzMXw6h

A collection of rare Gucci handbags failed to fetch expected prices, a sign that robust demand for high-end purses is softening from Business of Fashion https://ift.tt/w90bti3

Labels that get their start outside of major fashion hubs are leveraging their local identities and a strategic approach to wholesale to gain international followings. from Business of Fashion https://ift.tt/HWvPKDx

Central Group said it’s taken control of the company that runs London’s landmark Selfridges department store after the financial woes of its Austrian partner Signa deepened. from Business of Fashion https://ift.tt/mbVxZOu

The Australian designer, who earlier this year closed her label after two decades, is the most prominent designer yet to sell via Shein. from Business of Fashion https://ift.tt/XrgVldM

Group famous for house-to-house visits is to open franchises as it also expands deal with Superdrug. from Business of Fashion https://ift.tt/qHUGomO

De Beers’s decision to allow customers to refuse goods was the latest in a series of increasingly desperate moves across the industry to stem this year’s plunge in diamond prices. from Business of Fashion https://ift.tt/JWhLuY5

Sephora has announced a grant in partnership with the Fifteen Percent Pledge which will award one Black business owner within the beauty industry $100,000 to unlock growth potential. from Business of Fashion https://ift.tt/yKbEnez

Capitalising on sport’s soaring commercial and cultural relevance is becoming a primary focus for fashion brands and retailers. Winning sports-marketing strategies today hinge on building long-term partnerships with athletes and organisations that speak to a brand’s target customers, translating different sports into compelling, credible activations and maximising the potential of athlete ambassadors to reach untapped markets. from Business of Fashion https://ift.tt/kQzLAfP

Pleasing, the beauty and apparel line founded by Harry Styles, launched a collection of three fragrances with Selfridges on Monday. from Business of Fashion https://ift.tt/YfjRika

Nygard, 82, was on trial in the Ontario Superior Court for five counts of sexual assault and one count of forcible confinement charges linked to alleged incidents. from Business of Fashion https://ift.tt/5lpgQ9D

The activewear giant has recruited Muge Erdirik Dogan, most recently president of Amazon Fashion. from Business of Fashion https://ift.tt/a2FNtJr

India’s five-day festival of lights doesn’t come close to Black Friday or Singles Day in terms of overall sales, but brands see plenty of room to grow. That, plus what else to watch for in the coming week. from Business of Fashion https://ift.tt/OfIhFG6

With the acquisition of LXRandCo., a Canadian provider of pre-owned luxury handbags, Fashionphile is eyeing its next stage of growth as a B2B resale distributor. from Business of Fashion https://ift.tt/loGMfp0

Shares of Affirm Holdings surged by nearly 25 percent on Thursday as strong demand for the buy-now-pay-later (BNPL) lender’s services and higher interest rates underpinned quarterly results. from Business of Fashion https://ift.tt/F4u9Y82

One woman was killed as police in Bangladesh used teargas and rubber bullets to disperse stone-throwing protesters as a demonstration by garment workers for more pay turned violent on Wednesday. from Business of Fashion https://ift.tt/DufjPZV

Two of tech’s largest players, Amazon and Facebook parent Meta Platforms Inc., are testing a feature that lets shoppers buy Amazon products directly from ads on Instagram and Facebook. from Business of Fashion https://ift.tt/1KSp4Tn

Jezebel, the online women’s magazine known for its playful tone and biting cultural analysis is shutting down operations, according to a memo sent to G/O Media staff. from Business of Fashion https://ift.tt/PF4RCOQ

EBay Inc. issued a bleak revenue outlook for the busy holiday quarter. from Business of Fashion https://ift.tt/e4vOCZR

The exhibition will explore ideas of rebirth and renewal through nature, and spotlight 250 reworked and revived pieces in the institute’s 33,000-piece permanent collection. from Business of Fashion https://ift.tt/684LFyR

Weaker-than-expected demand for Swedish textile recycler Renewcell’s first commercial volumes of recycled cellulose pulp has sent the company’s stock price plummeting and highlighted broader hurdles challenging efforts to lessen fashion’s environmental footprint. from Business of Fashion https://ift.tt/w34mloF

The parent company of makeup brand Il Makiage and Gen-Z skin care brand SpoiledChild reported $94 million in net revenue in the third quarter ending Sept. 30. from Business of Fashion https://ift.tt/FvJQDLf

The bond building leader reported a 30 percent decline in net sales in the third quarter ending Sept. 30. from Business of Fashion https://ift.tt/YwcDlqO

Coty raised its annual core sales forecast on the back of higher pricing and strong demand from customers who snapped up new makeup and fragrance launches. from Business of Fashion https://ift.tt/L9QwHTh

The established New York-based event photography, videography and social media agency explores its next phase of growth, informed by a rapidly shifting market and new opportunities from across its client roster. from Business of Fashion https://ift.tt/KdQ9zi6

The Council of Fashion Designers of America marked its annual awards with a ceremony at the American Museum of Natural History in New York. from Business of Fashion https://ift.tt/vwakDKB

When Russia invaded early last year, the Kyiv-based brand — known for its viral feathered party pyjamas — was forced into survival mode. Now, founders Asya Varetsa and Kate Zubarieva are ready to speed up growth and introduce a new Sleeper, starting with a fresh logo. from Business of Fashion https://ift.tt/ALs7vHN

Nykaa's parent company reported its slowest quarterly revenue growth since listing on Monday. from Business of Fashion https://ift.tt/WjLY5gr

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/9Gp2HQz

From working across creative agencies like Spring Studios to publishers like i-D and Dazed before moving in-house, Priya Matadeen identifies thematic ‘red threads’ to facilitate each career move. She shares her career advice, including how to learn leadership skills and demonstrate transferable skills across new disciplines. from Business of Fashion https://ift.tt/clDb2d4

Usage is creeping back up, but many of the biggest beauty and fashion brands and influencers are still taking a wait-and-see approach to the platform. from Business of Fashion https://ift.tt/oK1iQAX

Alibaba’s shopping holiday has lost some of its oomph, but remains a potent force for many brands. That, plus what else to watch for in the coming week. from Business of Fashion https://ift.tt/m4y90hq

E.L.V. Denim founder and creative director Anna Foster has built a profitable start-up turning unwanted cast offs into handcrafted denim sold at Neiman Marcus and Bergdorf Goodman. from Business of Fashion https://ift.tt/UFiursR

Amid a spending slowdown and steep competition, the UK fast-fashion players including Asos and Frasers Group are selling off struggling brands. from Business of Fashion https://ift.tt/u9ECpaY

Estée Lauder Cos.’ chief financial officer defended the beauty company’s plans to turn around its business and cited “unprecedented volatility” as the company cut the outlook for the fourth time in the last 12 months. from Business of Fashion https://ift.tt/9FDB6Ne

Travel retail’s slow rebound drove the beauty conglomerate to its fifth straight quarter of declines. from Business of Fashion https://ift.tt/nZ5TI84

The UK, US, EU and China have all agreed that artificial intelligence poses a potentially catastrophic risk to humanity. from Business of Fashion https://ift.tt/Tvme7Dw

Estée Lauder Cos.’ already-battered shares plummeted still more after the beauty giant slashed its full-year outlook on troubles in China and the Middle East. from Business of Fashion https://ift.tt/hk9pZ8F

Canada Goose Holdings cut its annual sales forecast on Wednesday, in a sign that a sharp rebound in China was starting to falter. from Business of Fashion https://ift.tt/x5DAJ1M