Fashion World News

In a year that catapulted both Gen-Z and Generation Alpha to the forefront, brands reprioritised omnichannel retail, profitability and extolling value to beauty shoppers. from Business of Fashion https://ift.tt/0zSJ3Ro

At BoF VOICES 2023, the Italian designer spoke about the balance required to run an ethical fashion business while embracing new technologies. from Business of Fashion https://ift.tt/fGMgWQZ

BoF Careers provides essential sector insights for fashion creatives this month, to help you decode fashion’s creative landscape. from Business of Fashion https://ift.tt/oJQqz6y

Discover the most exciting career opportunities now available on BoF Careers — including jobs from Gap, Moncler and Casablanca. from Business of Fashion https://ift.tt/gWe9ocs

Apple can for now resume sales of its flagship smartwatches, after a US appeals court on Wednesday paused a government commission's import ban on the devices imposed in a patent dispute over its medical monitoring technology. from Business of Fashion https://ift.tt/GyVgWf8

The rapper Ye, formerly known as Kanye West, issued an apology in Hebrew to the Jewish community on Tuesday for his past antisemitic remarks, saying he sought forgiveness and regretted any pain that his words had caused. from Business of Fashion https://ift.tt/ZCMXsng

Record-breaking temperatures have turned up the heat on fashion’s climate commitments this year. But the industry still has a long way to go to deliver on its sustainabiity ambitions. from Business of Fashion https://ift.tt/w3O4ilh

The beauty conglomerate increases its investment in U.S.-based brands as it pursues a geographically diverse portfolio. from Business of Fashion https://ift.tt/UOtf6r8

Fashion businesses operating in diverse markets across Asia, the Middle East, Latin America, Eastern Europe and Africa spent much of 2023 navigating a complex and delicate set of trade-offs. from Business of Fashion https://ift.tt/fnI5dKp

Bastien Daguzan is leaving his post as chief executive of Jacquemus effective immediately, a spokesperson for the brand confirmed. from Business of Fashion https://ift.tt/4IlXO1a

Italian eyewear maker Safilo Group SpA said it ended its licensing deal with influencer Chiara Ferragni, who is mired in a controversy over charity donations. from Business of Fashion https://ift.tt/lEWIopQ

A recovery is still out of reach in Asia, but other regions and cruises see a spending surge. from Business of Fashion https://ift.tt/4xS9e0V

Italian fashion house Prada has paid $425 million to buy the building on Fifth Avenue in New York which currently hosts its store, the company said on Wednesday. from Business of Fashion https://ift.tt/VYeORPH

The sale sees owner Apax Partners take a heavy loss on the British e-tailer, recently rebranded simply Matches, amid a broader meltdown in the luxury e-commerce space. from Business of Fashion https://ift.tt/dEGsJi8

Excess is built into the economics of the industry at every step of the value chain, writes Kenneth P. Pucker. from Business of Fashion https://ift.tt/OSJYwdy

Rolex was fined about $100 million by France’s antitrust agency for pursuing an illegal decade-long crackdown on distributors selling the Swiss firm’s luxury watches online. from Business of Fashion https://ift.tt/hUkn19x

Following a year where surrealist stunts were fashion’s biggest marketing trend, voyeuristic campaigns that centre reality — and the often boring moments of the everyday — are gaining steam. from Business of Fashion https://ift.tt/QRTCmjo

Return rates are set to soar this holiday, despite slower sales growth, putting brands’ returns management playbooks to the ultimate test. from Business of Fashion https://ift.tt/2D6oe8p

This week’s round-up of global markets fashion business news also features interest payments outpace spending on clothes in Korea, Alibaba loses senior cloud executive as uncertainty persists and COP28 ends with deal on a transition away from fossil fuels. from Business of Fashion https://ift.tt/4uAry8X

The Fédération de la Haute Couture et de la Mode, Paris Fashion Week’s organising body, released provisional calendars for January’s menswear and haute couture weeks. from Business of Fashion https://ift.tt/HKaZCRE

Fast-fashion challengers, led by Shein and Temu, are changing tactics around price, customer experience and speed. Success for disruptors and incumbents will likely hinge on their ability to adapt to fiercer competition and other pressures, The State of Fashion 2024 reports. from Business of Fashion https://ift.tt/5Wh7Rdi

Discounted airfare and lower hotel occupancies in recent months signal weakening demand in the vacation economy. For brands that thrived on “revenge travel,” this means pivoting to more versatile products and offering cheaper options. from Business of Fashion https://ift.tt/4WmOekM

The Dazzling Honey Glow Pop Up at London’s Harrods will be open until Jan. 2. from Business of Fashion https://ift.tt/HN4wBEu

The brand has a new owner, and a new leadership team coming following the sudden departure of founder and CEO Sharon Chuter. from Business of Fashion https://ift.tt/pvJqF9K

Farfetch is in discussions with a liquidity provider to secure $500 million in emergency funding, in a deal that would also take the company private and wipe out shareholders, according to a report from The Sunday Times. Farfetch’s existing investors venture capital firm Dragoneer and Chinese tech giant Tencent are reportedly helping Farfetch negotiate with the still-unnamed private equity-backed firm. from Business of Fashion https://ift.tt/GwEoPdK

The world’s biggest footwear brand has struggled to fend off competition in the fast-growing running category. Earnings this week provide an opportunity to show progress. from Business of Fashion https://ift.tt/8sPIqaF

In seeking to attract more aspirational shoppers, H&M is boosting its image through high fashion collaborations. from Business of Fashion https://ift.tt/lQf4JxE

JVN Hair, the hair care line founded in partnership with celebrity hair stylist and television personality Jonathan Van Ness is the latest of now-bankrupt Amyris’ brands to be sold at auction. from Business of Fashion https://ift.tt/a3h8nWi

Wall Street says the $5.8 billion bid for the American department store chain comes below even the most conservative estimates for the value of Macy’s real estate properties alone. from Business of Fashion https://ift.tt/LCfSp2c

François-Henry Bennahmias faced down doubters as he leveraged popular culture to transform Audemars Piguet’s business. Ahead of his departure from the now-$2.6 billion brand next week, Bennahmias revisits his triumphs and setbacks, and hints at his start-up ambitions. from Business of Fashion https://ift.tt/yn2idBo

Despite the fast pace of makeup, skin care and haircare launches, it’s the brands with iconic, best-in-class products that dominate categories season after season. Executives from Nars, Too Faced and Tarte deconstruct how their brands’ best-sellers became heroes that scaled into volume- and revenue-driving franchises. from Business of Fashion https://ift.tt/GsdSn4Q

Discounts from high-end fashion retailers raised concern that a lacklustre Christmas could lead to inventory gluts – potentially dragging labels into a discounting spiral that would cheapen their image. from Business of Fashion https://ift.tt/ptMlX9w

The expanding popularity of K-culture is helping South Korean brands and retailers like Musinsa gain global recognition, explains CEO in an interview for The State of Fashion 2024. from Business of Fashion https://ift.tt/cl2pd9K

The company has been holding early talks about ways to separate Boots, which could be valued at about £7 billion ($8.8 billion) in a deal. from Business of Fashion https://ift.tt/nol3qcP

The deal marks a turning point for Breitling, which jumped into the top 10 Swiss watch companies by sales in 2022, as it becomes a watchmaking group. from Business of Fashion https://ift.tt/nXvO2xG

The State of Fashion 2024 explains why consumer volatility could trigger what’s known in supply chains circles as the “bullwhip effect,” in which small changes in demand can cause increasing large fluctuations upstream and downstream. from Business of Fashion https://ift.tt/dXHqetG

New regulations from the European Commission will require fashion and other consumer goods to be fitted with unique digital product passports as early as 2026. At BoF’s VOICES 2023, the CEO of Arianee demystifies the future of digital product passports and their ability to reimagine fashion brands’ revenue stream. from Business of Fashion https://ift.tt/OWU6g14

The reaction highlights heightened sensitivity international brands are navigating as fighting across Gaza intensifies and calls for company boycotts rise. from Business of Fashion https://ift.tt/PnxikAQ

The fashion PR powerhouse has promoted the agency veteran to global CEO as president Julie Mannion becomes chairman of the board, opening a new era for the firm. from Business of Fashion https://ift.tt/c6dDPEN

After generative AI’s breakout year in 2023, The State of Fashion 2024 examines emerging use cases across creative industries, including fashion. from Business of Fashion https://ift.tt/uRMz9jL

Users searching for in-demand beauty products on Google will now find a link to product dupes at the top of the page — the latest sign that the dupe craze is picking up steam. from Business of Fashion https://ift.tt/F26cKCJ

Arkhouse Management and Brigade Capital has made a $5.8 billion offer to take department store chain Macy’s private. from Business of Fashion https://ift.tt/vEdiIG1

Zara-owner Inditex’s earnings this week come as some analysts say the category’s best days are behind it. from Business of Fashion https://ift.tt/Z0s3cHM

In her first ever podcast interview, the actress, filmmaker and humanitarian joins BoF founder and editor-in-chief Imran Amed to discuss her vision for her new fashion venture, Atelier Jolie. from Business of Fashion https://ift.tt/a546wUT

At VOICES 2023, BoF and Snapchat hosted a conversation to determine how social media has evolved and the strategies brands should employ to boost connection with their customers. from Business of Fashion https://ift.tt/gFKdaDI

This week BoF reported that Farfetch is seeking a ‘white knight’ to avoid collapse. A deal with Amazon could be the answer, writes Imran Amed. from Business of Fashion https://ift.tt/qLEfPrG

The elaborate collection features more than 300 items — whether it delivers will hinge on Ora’s star power and how much consumers’ buy into the authenticity. from Business of Fashion https://ift.tt/X4osnSV

Virginie Viard brings Chanel’s annual celebration of the brand’s artisanal crafts to Manchester, writes Tim Blanks. from Business of Fashion https://ift.tt/KGp3XrW

Lululemon Athletica Inc.’s fourth-quarter revenue guidance trailed Wall Street estimates, a rare miss for the retailer whose performance routinely exceeds investor expectations. from Business of Fashion https://ift.tt/BCOhbWf

Multiple social platforms announced their next generation of creators this week, but TikTok remains the most important vehicle to creating a beauty star overnight. from Business of Fashion https://ift.tt/BQ5nZpb

Alibaba Group president J. Michael Evans has resigned from Farfetch’s board, the luxury e-tailer disclosed in a regulatory filing Wednesday. from Business of Fashion https://ift.tt/LnvOxmf

Dozens of well-known brands including H&M and Zara are identified as being at high risk of sourcing materials made by Uyghurs compelled to participate in state-imposed labour. from Business of Fashion https://ift.tt/QBHkSy3

Amazon.com Inc. is sharply cutting fees for merchants selling clothing priced below $20, a sign it’s hunkering down for a price war with Chinese fast-fashion upstart Shein. from Business of Fashion https://ift.tt/IazYDjJ

The main lobbying group for US retailers retracted its claim that “organised retail crime” accounted for nearly half of all inventory losses in 2021 after finding that incorrect data was used for its analysis. from Business of Fashion https://ift.tt/9OcvGeI

Gen-Z acne brand Bubble is expanding its retail presence in the UK with a launch at Boots. from Business of Fashion https://ift.tt/NdXTwV5

At an investor day in New York, the Italian luxury group laid out plans for newly acquired Tom Ford, as well as Thom Browne and its namesake Zegna label. from Business of Fashion https://ift.tt/4q7Nvpf

The event drew an international crowd, with names like Gwyneth Paltrow and Anne Hathaway in attendance, but when it came to honourees, British design talent took centre stage. from Business of Fashion https://ift.tt/cgsEWIA

Boots will open its first-ever dedicated beauty store, called “Boots Beauty,” on Wednesday in London’s Battersea Power Station shopping centre. from Business of Fashion https://ift.tt/OJ9Pv4c

The conglomerate taps into the skin care industry’s growing obsession with the microbiome. from Business of Fashion https://ift.tt/O26iM7B

The telemedicine company has introduced prescriptions for weight loss, but is waiting on supply chain stability for the GLP-1 class of drugs that includes Ozempic and Wegovy. from Business of Fashion https://ift.tt/K3JjRTU

Artists, record labels and music festival organisers are collaborating with coveted labels to design better-quality, fashion-forward merch, sold at higher price points than before. from Business of Fashion https://ift.tt/RxDILSA

A consortium of high-profile creative industry figures including songwriters and producers Max Martin and Savan Kotecha have backed Obayaty, a new beauty line specifically designed for men. from Business of Fashion https://ift.tt/djUHN61

Rent the Runway and Stitch Fix will give updates on their turnaround efforts. That, plus what else is in store for the coming week. from Business of Fashion https://ift.tt/qZ2J4fa

Krishna Nikhil has stepped down for family reasons after just over 18 months at the helm of eco-innovation brand, the company said. from Business of Fashion https://ift.tt/kqLzbPJ