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Showing posts from October, 2024

In Singapore, Optimising Asian Supply Chains for Growth

The economic focus of the industry is evolving as apparel markets shift in the face of new consumer realities worldwide. But how should global businesses reconsider their Asian supply chains as a result of these shifts, and what structure of regional supply will enable brands to capitalise on Southeast Asia’s growth? from The Business of Fashion https://ift.tt/FXviZzy

Skincare Label Dieux Appoints New CEO

Ryan Scott will replace co-founder Charlotte Palermino, who will become chief brand officer. from The Business of Fashion https://ift.tt/KYgiBvV

How Consumers Are Driving a New Era of Self-Care

The global wellness industry is set to grow at a compound annual rate of between 5 and 10 percent from 2023 to 2027. BoF and Rennaï gathered leading experts from the beauty and self-care sectors together in Montréal to chart how consumers are pushing the category forwards and the innovations that provide a critical edge in a saturated market. from The Business of Fashion https://ift.tt/zebVQ82

Exclusive: Next Launches Luxury E-Commerce Site ‘Seasons’

The UK retail giant is tapping into the luxury e-commerce market with a dedicated site for higher-end brands. from The Business of Fashion https://ift.tt/ovd6TID

Temu to Face EU Probe Over Handling of Illegal Product Sales

The probe could lead to large fines for the e-commerce platform. from The Business of Fashion https://ift.tt/Nf4vI7l

Korean-American Brands Lean Back Into K-Beauty

TikTok’s K-beauty obsession has inspired brands like Glow Recipe, Then I Met You and Peach & Lily to embrace their Korean beauty origins as international retailers renew their interest in the category. from The Business of Fashion https://ift.tt/S7Jfjqc

Employers Look to Telehealth Firms to Decrease the Costs of Weight-Loss Shots

As uptake of GLP-1 increases among the general public, American employers are looking to find cheaper ways of offering weight-loss medications. from The Business of Fashion https://ift.tt/RsZ7PJz

Puig Posts 11% Rise in Third-Quarter Sales, Beats Expectations

Spanish fashion and perfumes company Puig reported an 11 percent rise in third-quarter sales on Tuesday, beating analysts’ expectations after sector rivals posted disappointing results due to lower demand in China. from The Business of Fashion https://ift.tt/VmackNj

How Grand Seiko Is Seizing Japan’s Luxury Shopping Moment

Tourist shoppers have flocked to Japan to take advantage of top-quality shopping and a weak yen. Seiko Group CEO Akio Naito breaks down how the watchmaker’s high-end brand—sometimes referred to as the “Japanese Rolex”—plans to keep up momentum after beating the market this year. from The Business of Fashion https://ift.tt/Z6QLRSg

Diotima’s Rachel Scott, Willy Chavarria Take Home CFDA Fashion Awards

Raul Lopez and Henry Zankov were also among the winners at the Council of Fashion Designers of America’s annual ceremony. from The Business of Fashion https://ift.tt/2VMhBY6

Vans Parent VF Corp Swings to Profit, Beats Sales Estimates

VF Corp opens new tab turned a profit after two consecutive quarterly losses and beat second-quarter sales estimates on Monday. from The Business of Fashion https://ift.tt/NDba4zB

Report: Stéphane de La Faverie Named Estée Lauder CEO

According to the Wall Street Journal, de la Faverie, a longtime Lauder executive with close ties to its founding family, has been selected to succeed Fabrizio Freda. from The Business of Fashion https://ift.tt/med1xof

Jane Lauder to Step Down at Estée Lauder Companies

Lauder, who currently serves as chief digital officer and executive vice president of enterprise marketing, will leave the company at the end of this year. from The Business of Fashion https://ift.tt/gvSfI3E

The Best Jobs on BoF Careers

Discover the most exciting career opportunities now available on BoF Careers — including jobs from Tapestry, Aesop and Iris Van Herpen. from The Business of Fashion https://ift.tt/PoEbcwd

Leveraging ‘Deal Days’ for Long-Term Marketplace Success

In 2024, US shoppers spent more than $14 billion online during Amazon’s 48-hour Prime Day sale. Here, Front Row’s Alexandra Carmody shares how Deal Day strategies can drive lasting success beyond immediate sales spikes. from The Business of Fashion https://ift.tt/4Ek2hoV

This Week: Adidas, Prada Offer a Respite From a Grim Earnings Season

A slew of brands should report strong results even amid an unpredictable economy and slumping luxury sales. from The Business of Fashion https://ift.tt/u1nqEHi

Unpacking the GCC’s Fashion and Beauty Growth Opportunities at Oud Fashion Talks

For its third edition, Oud Fashion Talks welcomed international and regional fashion professionals to Kuwait. Panel talks featured local emerging designers, beauty entrepreneurs, industry-leading content creators and the first public interview from CEO of luxury e-commerce platform Ounass, Khalid Al Tayer, in conversation with BoF’s Imran Amed. from The Business of Fashion https://ift.tt/cDrmtGR

Cetaphil Owner Galderma Sales Lift 9.2% on Strong Skincare and Injectable Demand

In the first nine months of the year, the Swiss beauty firm saw its sales rise to $3.26 billion thanks to robust performance in Europe and gains in China and Latin America. from The Business of Fashion https://ift.tt/6xu9LfK

US Court Blocks Tapestry’s $8.5 Billion Acquisition of Rival Capri

The FTC argued at an eight-day trial in New York that the merger would eliminate fierce head-to-head competition between the top two US handbag maker. from The Business of Fashion https://ift.tt/1PdI9Lw

Beiersdorf Sales Rise 6.5%; China Still Drags

The German beauty conglomerate saw its sales lift ahead of analyst expectations, led by a north American rebound and skincare, but continued pressure in China weighed on overall growth. from The Business of Fashion https://ift.tt/sM2u6pS

Hermès Continues to Outshine Rivals with Sales up 11.3%

The Birkin bag maker reported a hefty rise in third-quarter sales on Thursday, continuing to outperform rivals hit hard by a sharp slowdown in luxury demand. from The Business of Fashion https://ift.tt/3Oj6obi

Why L’Oréal’s Meteoric Skincare Growth is Coming Back to Earth

L’Oréal’s dermatological beauty division is usually a blockbuster, but the impact of increased competition and the decline of drugstore distributors on its recent earnings show the company can’t rest on its laurels. from The Business of Fashion https://ift.tt/l0bKrku

Unlocking Commercial Opportunities with Digital Product Passports

Digital product passport technology could tackle counterfeiting, help brands meet regulatory requirements and unlock new sources of revenue and engagement. Michele Casucci, founder and GM of Certilogo and Robin Mellery-Pratt, BoF’s head of content strategy, gathered executives in Paris to discuss its potential. from The Business of Fashion https://ift.tt/SDufPmp

Amazon Sets Ultra-Low Pricing Plans for Temu Rival Store, The Information Reports

Amazon is reportedly implementing strict price caps for a new low-cost storefront, limiting items like jewellery to $8 and guitars to $13, in an effort to compete with discount rivals such as Temu and Shein. from The Business of Fashion https://ift.tt/u20xyYg

Interparfums Sales Rise 15%, Buoyed by Fragrance Demand

The European fragrance licensee beat analyst expectations in its third-quarter earnings, with sales lifting to $425 million. from The Business of Fashion https://ift.tt/65PQ4F9

Chanel to Sponsor Oxford-Cambridge Boat Race

Chanel is set to sponsor the annual rowing competition between Oxford and Cambridge universities. from The Business of Fashion https://ift.tt/SE8jeP6

Venrex and the British Beauty Council Launch Beauty Venture Fund

The fund, Venrex BBCo I, will invest around $130,000 to $1.3 million in a variety of consumer and B2B beauty businesses. from The Business of Fashion https://ift.tt/UxzJcgr

Sally Singer’s Third Act

The former Vogue editor and Amazon Fashion head, who has spent the past year at the helm of the WME-owned Art+Commerce, speaks to BoF about what drew her to the agency, the parallels between her previous roles and the state of the industry. from The Business of Fashion https://ift.tt/gdHFnux

The Best Jobs on BoF Careers

Discover the most exciting career opportunities now available on BoF Careers — including jobs from Burberry, Citizens of Humanity and Polène. from The Business of Fashion https://ift.tt/8DYZCcp

Armani Beauty’s Hiromi Ueda on Utilising Creative Expression for Commercial Success

BoF sits down with Armani Beauty’s global makeup artist to hear how she utilises creativity, pushing the boundaries of the beauty industry. from The Business of Fashion https://ift.tt/z4a1wVF

This Week: How Deep Will Luxury’s Downturn Go?

Following LVMH’s sales miss, Kering, Hermès and Zegna will offer further insights on how plummeting demand from China is playing out across the sector. from The Business of Fashion https://ift.tt/yH6PRI2

For LVMH, It’s a Battle for Market Share Now. Let the Games Begin

A shrinking market will require a renewed focus on creativity, greater innovation and a mindset shift among luxury leaders, writes Imran Amed. from The Business of Fashion https://ift.tt/jG2lD7Q

Opening Day at Jacquemus’ First US Boutique

The Paris-based independent brand, known for its eye-popping marketing stunts, playful bags and dramatic runway shows, was met with a massive crowd for the ribbon cutting of its first stateside store in New York’s SoHo. from The Business of Fashion https://ift.tt/XwxK4iD

At the 2024 Zalando Partner Marketing Awards: Brands Unite With Zalando Best Practices to Optimise Their Retail Media Marketing Strategies

Retail media remains a reliable way to connect with consumers online. BoF explores how Zalando’s retail media unit is platforming its partners to achieve strategic brand goals at their annual marketing awards. from The Business of Fashion https://ift.tt/34YDRjU

Cucinelli Bucks Gloomy Industry Trend With Revenue Rise

As global demand for luxury goods slows, the Italian group keeps growing, helped by its focus on higher-end consumers and by a more limited exposure to China compared to its rivals. from The Business of Fashion https://ift.tt/jK5kqL1

Gucci’s Marketing and Communications Shakeup Continues

Chief brand officer Alessio Vannetti is the latest to leave the Italian mega-label. With sales under pressure, the brand is restructuring its operations under a new CEO. from The Business of Fashion https://ift.tt/5aWoG2Y

Former Off-White Head Andrea Grilli Appointed CEO at Pharrell’s Humanrace

Grilli will join the company effective immediately, replacing founding chief executive officer Rachel Muscat. from The Business of Fashion https://ift.tt/TRs2Lol

i-D Magazine Names Global Creative Director and Editorial Director

Former Dazed and Confused art director Jamie Reid and Ssense head of digital content Steff Yotka will join the cult magazine, in the midst of a revamp under new owner Karlie Kloss. from The Business of Fashion https://ift.tt/hdurNv8

Reformation Launches Jewellery Line Designed by Clare Waight Keller

The fashion brand has launched its inaugural jewellery collection, crafted from recycled materials and inspired by 1920s Paris. from The Business of Fashion https://ift.tt/NbnthwI

Unlocking Innovative Pathways for the Beauty Professionals of Tomorrow

The award-winning educational programme Lead, created by Rolfs Global Institute and powered by L’Oréal USA, is designed to provide accelerated and affordable pathways to higher education for beauty professionals. Now, BoF speaks to founder and CEO Francis Tesmer and three of its graduates to learn how Lead is shaping the future for beauty professionals. from The Business of Fashion https://ift.tt/5WdcQsL

Shein Adds More Banks to Arrange London Listing

Shein has added more banks to help arrange its potential initial public offering that could value the online fashion retailer at £50 billion ($65 billion), potentially one of the biggest listings in London in recent years, people familiar with the matter said. from The Business of Fashion https://ift.tt/Bn7ZJQp

‘Clean-Girl’ Beauty’s Next Stop: Ultra-Glam Dubai

Saie, Kosas, Ilia and Glossier are among the beauty brands launching at Sephora Middle East this fall as the GCC countries become a priority for global expansion. from The Business of Fashion https://ift.tt/IKFQYci

Keir Starmer Says Listings Like Shein’s to Face Labor Rights Scrutiny

All companies looking to sell shares in London will face scrutiny over workers’ rights, UK Prime Minister Keir Starmer told Bloomberg Television, in response to questions about whether his new Labour government would welcome a listing by online fashion giant Shein. from The Business of Fashion https://ift.tt/CbdAWZg

LVMH Investors Jittery Over Anaemic China Demand for European Designer Goods

Investors in French luxury group LVMH, opens new tab are eager for signs that China’s new fiscal stimulus measures can finally pull wealthy and middle-class Chinese shoppers out of their funk, inspiring them to splash out on $4,300 designer leather handbags ahead of Singles Day, China’s largest annual shopping spree. from The Business of Fashion https://ift.tt/tvVkEb3

Joe Freshgoods Inc.’s Joe Robinson on Finding Creative Success

BoF sits down with Joe Robinson, creative director and artist behind Joe Freshgoods Inc., to discover how he has built a reputation as one of the sneaker and streetwear industry’s most impactful storytellers. from The Business of Fashion https://ift.tt/5C1Izim

Mulberry’s Owner Rejects Increased £111 Million Bid From Mike Ashley’s Frasers Group

It’s the second time in the past month that Challice, Mulberry’s parent company, has rejected an offer for the leather goods maker. from The Business of Fashion https://ift.tt/SwAuaCh

Twisted Creativity Takes Home Top Honours at Hyères

Dolev Elron, a menswear designer for Acne Studios, wowed the fashion jury with his distorted jeans and tank tops. Accessories winners Chiyang Duan and Clara Besnard also twisted bags, belts, and eyewear. from The Business of Fashion https://ift.tt/gAJ47RL

This Week: Has Luxury Hit Bottom?

LVMH kicks off earnings season for the sector on Oct. 14, and will likely offer some guidance on whether the category’s problems represent a cyclical bump in the road, or a structural shift. from The Business of Fashion https://ift.tt/sjkx8CP

What I Learned at Fashion Month

Imran Amed shares his key findings from recent fashion weeks in London, Milan and Paris as the industry grapples with a slowdown that has raised questions about the long-term business model of the luxury sector. from The Business of Fashion https://ift.tt/UxX0IwO

The Best Jobs on BoF Careers

Discover the most exciting career opportunities now available on BoF Careers — including jobs from Walt Disney, Carhartt WIP and Aeyde. from The Business of Fashion https://ift.tt/AkYsmVP

Why Fashion Is Maxing Out on Minimalism

The Row’s success – including a recent investment from the families behind Chanel and L’Oréal at a unicorn valuation – is the most prestigious example of a rising generation of women-led independent brands that sell minimalist, approachably chic clothes. Some of them have billion-dollar aspirations of their own. from The Business of Fashion https://ift.tt/FT9XsCr

Nike Replaces North America Boss Ahead of New CEO’s Arrival

Tom Peddie will become the vice president and general manager for North America. from The Business of Fashion https://ift.tt/Io2g70l

Proenza Schouler Names New CEO

Former Shopbop brand president Shira Suveyke Snyder is stepping into the top executive role at the company. from The Business of Fashion https://ift.tt/LJODf6A

Wellness Wants In on the Ozempiconomy

From supplements to workout plans, the term GLP-1, the hormone associated with Ozempic, is popping up on a widespread range of new products as wellness brands join in on the weight loss drug boom. from The Business of Fashion https://ift.tt/drFfZ7j

Arnault Poised to Buy Paris FC Football Club With Red Bull

The Arnault family is set to acquire a majority stake in second-tier football club Paris FC, investing alongside Red Bull in a move to diversify into sports. from The Business of Fashion https://ift.tt/jnqv87Y

The Glory Days of the Pop-Up Store Are Over. What’s Next?

Rising rents and low vacancy rates have made it prohibitively expensive for many emerging brands to open retail locations — even temporary ones. Scrappy companies have found creative, low-cost ways to reach their consumers, from hotel partnerships and trunk shows to activations on college campuses. from The Business of Fashion https://ift.tt/GEJLofb

Estée Lauder Companies Names New West Coast Leadership

Executive changes continue for Estée Lauder Companies ahead of CEO Fabrizio Freda’s retirement. from The Business of Fashion https://ift.tt/9ULnHaZ

Sears Is Looking for Rent Relief on Last-Standing Stores

Once a retail giant, Sears now struggles to maintain its dwindling stores, seeking rent concessions while facing the reality of a retail landscape increasingly dominated by online shopping. from The Business of Fashion https://ift.tt/rAV7Ipv

Evolving Measurement Techniques to Optimise Brand Marketing Success

Aspirational customer cohorts have more choice and less cause for loyalty than ever before. BoF and Ekimetrics brought together executives to discuss best practices in building brand impact to nurture lifetime value and convert customer engagement into sales long-term. from The Business of Fashion https://ift.tt/UQajc5q

Amazon Antitrust Case Filed by FTC to Move Forward After Ruling

The FTC’s case against Amazon for allegedly stifling online retail competition will proceed, despite the dismissal of claims from several states involved in the lawsuit. from The Business of Fashion https://ift.tt/VvGrczf

The Best Jobs on BoF Careers

Discover the most exciting career opportunities now available on BoF Careers — including jobs from H&M, Jaded London and Reference Studios. from The Business of Fashion https://ift.tt/mpHdrcK

Mytheresa Acquires Yoox Net-a-Porter From Richemont in Equity Deal

Under the terms of the transaction, Richemont will take a 33 percent stake in Mytheresa. The deal brings the luxury conglomerate’s years-long slog to offload the troubled YNAP to a close. from The Business of Fashion https://ift.tt/ZXAxqjg

Samuel Ross’ Next Move: A Line ‘Engineered by Zara’

After exiting his A-Cold-Wall brand last year, the Virgil Abloh protégé is the latest designer to ink a deal with the Spanish fast fashion giant, widening access to his new SR_A menswear vision. from The Business of Fashion https://ift.tt/2VuJm5A

This Week: The Holiday Shopping Season Begins

Consumers are getting choosier about where they spend. Retailers will need to work extra hard to ensure it’s in their stores, and not competitors’. from The Business of Fashion https://ift.tt/FvkgA0s

The BoF Podcast | Tim Blanks and Imran Amed Reflect on the Spring/Summer 2025 Shows

BoF’s editor-in-chief and editor-at-large reflected on fashion month’s standout moments, and examined how designers are responding to a world in flux. from The Business of Fashion https://ift.tt/0eASGni

The Top 10 Shows of the Season

BoF editors select the best shows of the Spring-Summer 2025 season. from The Business of Fashion https://ift.tt/lmNwxGq

US Port Strike Comes to Temporary End

Dockworkers responsible for unloading shipments on the East and Gulf Coast ports decided to resume wage negotiations suspend their strike until Jan. 19, one day after it commenced. from The Business of Fashion https://ift.tt/5m6cVqu

Stüssy To Open a New Flagship in New York

The streetwear trailblazer will make its return to physical retail in the city with an expansive, 5,600 square-foot store. from The Business of Fashion https://ift.tt/W0jeByo

Beauty Brands Draw the Line Between Dupes and Fakes on Amazon

With the help of brand protection agencies and lawyers, beauty labels are taking a stand against the sketchy sellers flooding their Amazon search results. from The Business of Fashion https://ift.tt/93TIgZd

Nike’s Plunging Sales Reveal the Difficult Task Ahead for Incoming CEO

Sales missed expectations and the company withdrew its guidance, laying bare the challenges facing Elliott Hill as he prepares to lead the brand. from The Business of Fashion https://ift.tt/jbg2Yav

Condé Nast Names New UK Chief Business Officer

As chief business officer, Luke Robins will be tasked with generating revenue growth for the publisher’s UK business amid a tough landscape for traditional media. from The Business of Fashion https://ift.tt/2zwWhEM