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Showing posts from November, 2024

The BoF Podcast | The Great Luxury E-Commerce Reckoning

Mytheresa CEO Michael Kliger and Moda Operandi co-founder Lauren Santo Domingo joined BoF founder and CEO Imran Amed at BoF VOICES 2024 to share their insights on the future of luxury e-commerce. from The Business of Fashion https://ift.tt/oJIPdcZ

Trump’s Impact on Fashion Takes Shape

This week, US President-elect Donald Trump singled out Canada, Mexico and China for early action on tariffs, Walmart joined businesses in cutting back DEI programmes, and Black Friday offered a glimpse at how the election is shaping consumer sentiment. from The Business of Fashion https://ift.tt/2IsFDPa

London Fashion Week to Ban Exotic Skins

Brands that want to appear on the city’s official fashion week schedule will not be allowed to use crocodile, snake or other wild animal leathers in the collections they show there, extending a ban on fur introduced last year. from The Business of Fashion https://ift.tt/tRBm1HC

Nykaa Acquires Indian Beauty Brand Earth Rhythm

The Indian beauty juggernaut has acquired the local skincare, cosmetics and personal care brand, two years after making a minority investment in it. from The Business of Fashion https://ift.tt/4qVgtWH

Where Fashion Is Finding Growth in Asia as China Stalls

India will be a major focus in the year ahead, particularly for high-street players, while Japan’s luxury boom is expected to continue, according to the BoF-McKinsey State of Fashion 2025. from The Business of Fashion https://ift.tt/om8e7BU

Increasing Brand Presence and Impact on TikTok

Farah Maloof, head of fashion and luxury partnerships at TikTok, and Jordan Mitchell, the co-founder and co-CEO of cultural marketing agency Good Culture Inc., share their insights on how to best engage the zeitgeist, effectively work with content creators and empower teams within businesses to successfully navigate the entertainment platform. from The Business of Fashion https://ift.tt/4W6lAI2

Online Marketing Costs Jump in Bidding War With Temu and Shein

In the United States, for example, Temu has bid on keywords including “Walmart Black Friday deals”, “Kohls Black Friday”, and “Bed Bath Beyond”, according to data on Google search ads compiled by online marketing platform Semrush for Reuters. from The Business of Fashion https://ift.tt/tSV2f9e

Can Mytheresa Keep Its Place at the Top of Luxury E-Commerce in 2025?

Ahead of his company’s deal to acquire Yoox-Net-a-Porter, Mytheresa CEO Michael Kliger opens up about what it takes to be a leader in online luxury and his expectations for the year to come in the BoF-McKinsey State of Fashion 2025. from The Business of Fashion https://ift.tt/WZgqQK9

RFK Jr. Is Poised to Be America’s Wellness Influencer-in-Chief

While doctors are alarmed about RFK Jr.’s views on vaccines, parts of the wellness world are embracing Trump’s pick for Health and Human Services secretary. from The Business of Fashion https://ift.tt/StdhNzg

Lanvin to Show Peter Copping’s Debut Collection During Paris Menswear Week

After a near two-year absence, the Parisian fashion house will return to Paris Fashion Week show during menswear week in January 2025. from The Business of Fashion https://ift.tt/eOp7iRt

What Fashion’s Advocacy Will Look Like in the Trump Era

Many brands have stopped engaging with social and political issues, fearing a conservative backlash. That calculus may change when Trump returns to office. from The Business of Fashion https://ift.tt/T3YMUQX

Fashion Brand Isabel Marant’s Bonds Dive After Sales Slump

The brand’s bonds hit a record low following a sharp decline in sales, with a 31 percent drop in wholesale and online revenue contributing to the company’s overall 17 percent sales slump. from The Business of Fashion https://ift.tt/clJnEwW

How to Sell Jewellery Like Fine Art

At the inaugural Joya fair in Monaco last week, two former art gallerists aimed to defy luxury’s current malaise with avant-garde jewellery propositions sold with a curated, high-culture approach. from The Business of Fashion https://ift.tt/aVXq8iY

Announcing Kosas and Jaded London to BoF Careers

Check out this week’s new partners and openings on BoF Careers, the global marketplace for fashion talent. from The Business of Fashion https://ift.tt/8u246Ev

Will HeyDude Trip Up Crocs’ Winning Streak?

With the company’s signature clogs seeing slower growth, turning around the struggling maker of casual, sneaker-like loafers is a priority — and Sydney Sweeney has been enlisted to help. from The Business of Fashion https://ift.tt/nbYa8e4

This Week: On Black Friday, It’s Shein and Temu Versus the World

Spending has been sluggish, but retailers have a chance to make up for lost time in a compressed holiday season - if they can find an answer to their online competition. from The Business of Fashion https://ift.tt/SBW9j6Y

At BoF VOICES 2024, The Future of Commerce-Enabled Culture

To an audience of top business and creative leaders from across the fashion industry and the wider world, Ruth Diaz, Vice President of Amazon Fashion Europe, took to the stage at BoF VOICES 2024 to discuss the intersection of commerce, technology and culture — and how fashion stands to benefit. from The Business of Fashion https://ift.tt/zX9dgUZ

Olive & June To Be Acquired by Helen of Troy

Drybar owner Helen of Troy bets on DIY nail care with its acquisition of Olive & June. from The Business of Fashion https://ift.tt/r6fA0NL

Gap Lifts Outlook Ahead of Key Shopping Season

Gap Inc. raised its full-year outlook for sales, with the apparel retailer saying all of its brands are gaining market share. from The Business of Fashion https://ift.tt/i5EhMlX

Canadian Fashion Company Groupe Dynamite Launches IPO

Shares of the Montreal-based retailer, which owns womenswear brands Dynamite and Garage, fell 2 percent following its debut on the Toronto Stock Exchange. from The Business of Fashion https://ift.tt/BVc85nD

The Ordinary CEO Nicola Kilner to Step Down

Kilner, who co-founded the company in 2013 with Brandon Truaxe, confirmed she would step down from her role at the end of the year. from The Business of Fashion https://ift.tt/wOpQBFm

Reliance Brands Limited CEO to Step Down

Darshan Mehta founded the company, which operates over 400 mono-brand luxury stores across cities in India, in 2007. from The Business of Fashion https://ift.tt/T79dFaA

E.l.f Beauty Shares Drop Following Short Seller Report

Short sellers Muddy Waters’ Carson Block said in a conference in London on Wednesday that he was shorting the stock due to concerns over revenue and inventory. from The Business of Fashion https://ift.tt/W36nt57

The Japanese Manicurist Taking on Plastic Pollution, One Nail at a Time

Tokyo-based nail technician Naomi Arimoto uses umigomi, or “sea trash,” to create intricate nail art designs, hoping to put environmental issues at the forefront of her customers’ minds. from The Business of Fashion https://ift.tt/9jvnaRz

Did These Fashion and Beauty Trends Predict Trump’s Comeback?

The former president’s victory shocked many Democrats. But there were signs bubbling up in the culture well before election night that America was about to take a lurch to the right. from The Business of Fashion https://ift.tt/vB8jEI0

Mytheresa Reports Sales, Profit Growth in Latest Quarter

The German e-tailer’s consistent financial performance puts it in a solid position as it awaits regulatory approval of its merger with Yoox-Net-a-Porter. from The Business of Fashion https://ift.tt/rC5pmIW

Revolution Beauty Sales, Profits Slide in First-Half Results

The embattled British cosmetics company reported a 20 percent slide in revenue, but says turnaround efforts will start to pay off in the second half. from The Business of Fashion https://ift.tt/5FmxsPV

Where Does Michael Kors Go From Here?

Without Tapestry, Capri Holdings has a tough road ahead to return its biggest brand to growth. from The Business of Fashion https://ift.tt/uCPYI7F

The Best Jobs on BoF Careers

Discover the most exciting career opportunities now available on BoF Careers — including jobs from Tapestry, Tiffany & Co. and House of Sunny. from The Business of Fashion https://ift.tt/LoTJZja

How Fashion Is Shaking Up Its Global Sourcing Strategies

Rising costs, evolving trade policies and shifting political winds are pushing brands to diversify their sourcing in Asia and laying the foundations for more manufacturing closer to home, as detailed in the BoF-McKinsey State of Fashion 2025. from The Business of Fashion https://ift.tt/Z9H5Lxc

This Week, Gap Proves Its Staying Power

Gap’s earnings this week will present a clearer picture of how well Richard Dickson’s attempts to bring Gap back in the fashion conversation is sticking with consumers. from The Business of Fashion https://ift.tt/WLUDoYw

Kering’s Balenciaga CEO Charbit Set to Lead Yves Saint Laurent

Cedric Charbit would replace Francesca Bellettini, who took on a bigger role at the struggling French fashion group in 2023, according to people familiar with the situation. from The Business of Fashion https://ift.tt/dkpHT3C

Telfar to Open Its First Flagship Store

The cult apparel and accessories label’s 10,000-square-foot outpost in New York will include a year-round selection of its popular “Bushwick Birkins” and a television studio. from The Business of Fashion https://ift.tt/yWTuZdK

Louis Vuitton Opens Temporary NYC Flagship Store

The luxury brand has opened a five-story retail location complete with a café, chocolate shop and VIP suites as a temporary replacement to its Fifth Avenue flagship, which is currently undergoing renovations. from The Business of Fashion https://ift.tt/pqoCKNO

BoF VOICES 2024: Global Culture and Creativity

Valentino’s Alessandro Michele and Jacopo Venturini, On founder David Allemann and Skims co-founder Jens Grede and more spoke about creativity and culture. from The Business of Fashion https://ift.tt/zbMwYO7

Julie Bornstein Unveils the ‘ChatGPT of Shopping’ at BoF VOICES 2024

Daydream, the fashion e-commerce veteran’s new start-up, will help users find products in a more granular way than typical search, alleviating the harmful effects of choice paralysis for brands and retailers. from The Business of Fashion https://ift.tt/T8PEZI4

BoF VOICES 2024: The Next Phase of Generative AI

In the third session of VOICES, some of fashion’s most promising innovators grappled with the costs and benefits of this century’s most exciting technology. from The Business of Fashion https://ift.tt/7w1UINv

Anna Sui Launches New Fragrances for Brand’s 25th Anniversary

The fashion designer is releasing five new scents with the hope of targeting multi-generational customers. from The Business of Fashion https://ift.tt/0YrXj7b

Buy Now, Pay Later Firm Klarna Files for US IPO

The Swedish firm has confirmed it will stage its IPO in the US, ending months of speculation, and undercutting hopes of a European listing. from The Business of Fashion https://ift.tt/m4AREFK

‘Functional Luxury’: How Rimowa Keeps Growing in a Downturn

After quadrupling sales in five years following LVMH’s acquisition, the German luggage maker is seeing continued momentum during rocky times for high-end shopping, including in China. CEO Hugues Bonnet-Masimbert says the brand is focusing on functionality and innovation, including its first push into the handbag category. from The Business of Fashion https://ift.tt/Oze7JP6

BoF VOICES 2024: Confronting an Age of Uncertainty

Former Vanity Fair editor Tina Brown, indigenous environmental activist Nemonte Nenquimo and McKinsey Global Institute chair Sven Smit unpack the cultural, economic, political and technological forces reforging the global landscape. from The Business of Fashion https://ift.tt/6TWjc2w

Why Weirdness Is Selling in Men’s Denim

Young, fashion-forward men are buying up jeans with bold graphic prints, distinctive embellishments and extremely baggy silhouettes, creating opportunities for niche denim labels and mass retailers alike. from The Business of Fashion https://ift.tt/IBD8ySN

Groupe Dynamite Aims for $1.7 Billion Valuation in Canadian IPO

The company seeks to raise C$300 million in its Canadian IPO, positioning CEO Andrew Lutfy for a potential $1.7 billion valuation and billionaire status. from The Business of Fashion https://ift.tt/dIsQgxo

Moncler Not in Talks to Take Over Burberry, Sources Say

Burberry CEO Joshua Schulman is expected to announce a strategy update after the brand suffered significant sales declines when it reports results on Thursday. from The Business of Fashion https://ift.tt/yI5RhDM

Milanese Momentum: How The Attico Turned Buzz Into Longevity

When Gilda Ambrosio and Giorgia Tordini founded their womenswear brand in 2016, the Italian designers generated both buzz and business instantly, landing 140 stockists and an approximately 80 percent sell-through rate in their first year. Eight years on, having navigated a global pandemic and on-going economic and market uncertainty, BoF sits down with The Attico’s leaders to learn about how they built a brand with creative and commercial longevity. from The Business of Fashion https://ift.tt/rYFefiy

Prada Family Has a Plan in Place to Avoid Succession Drama

With the power couple behind the luxury house in their 70s, they have prepared the groundwork for their legacy. from The Business of Fashion https://ift.tt/Cb7shxL

Marc Jacobs Named US Vogue’s First Guest Editor

The December issue hones in on themes of dance and creative expression and Kaia Gerber on two covers by Steven Meisel and Anna Weyant. from The Business of Fashion https://ift.tt/9gSDolv

This Week: Burberry Goes Back to Basics, Again

When times get tough, the British brand tends to lean more heavily on its heritage. A traditionalist makeover is expected to be announced alongside what are expected to be bleak earnings on Nov. 14. from The Business of Fashion https://ift.tt/WjnNUS3

Vuori Raises Investment at a $5.5 Billion Valuation

Californian activewear brand Vuori announced an $825 million investment led by General Atlantic and Stripes. from The Business of Fashion https://ift.tt/vrlVH6d

The BoF Podcast | Sammy Basso on the Power of Positive Thinking

In a conversation at BoF VOICES 2023, Sammy Basso, the oldest known person with progeria, speaks with friend Annastasia Seebohm Giacomini about the importance of his research and shared his philosophy of how to live a full and fulfilling life. from The Business of Fashion https://ift.tt/rNdepuB

The Foundations of Retail Success

Partnering with Brookfield Properties, The Business of Fashion shares insights on what it takes to find success in today’s evolving retail landscape. In the first of a four part series, we outline best practices for choosing retail locations. from The Business of Fashion https://ift.tt/l5rv3bg

Louis Bacon’s $203 Million Court Win Against Peter Nygard Tossed

A New York appeals court overturned Bacon’s defamation judgment against Nygard, ruling that Nygard wasn’t properly served court papers while incarcerated for sexual assault. from The Business of Fashion https://ift.tt/ibYoGI6

Olaplex Lowers Fiscal-Year Outlook

The brand’s 2024 sales projection has decreased, complicating a larger turnaround plan. from The Business of Fashion https://ift.tt/6VmKGiJ

Trump’s Victory Has the Fashion Industry Asking: What Just Happened?

Fashion insiders are reckoning with the sweeping implications — policy and beyond — of a second administration under Donald Trump. from The Business of Fashion https://ift.tt/Jz6nKoI

Coty Sees Annual Profit at Low End of Forecast as Mass Beauty Demand Slows

Coty is also facing tight inventory management by retailers globally, while in the United States the company is grappling with soft sales at drug stores and pharmacy chains. from The Business of Fashion https://ift.tt/xhAr3W5

Donald Trump Poised to Win US Election After String of Crucial Swing State Wins

The Republican nominee took North Carolina, Georgia and Pennsylvania and is strongly positioned in Arizona and Nevada, other key contests. from The Business of Fashion https://ift.tt/og3a6wP

At H&M, Boosting Creativity Through Increased Autonomy and Collaboration

Swedish retailer H&M is championing collaboration between its creative talent and empowering teams to input ideas and expertise throughout the product development process. BoF sits down with three H&M employees to learn more. from The Business of Fashion https://ift.tt/hTBARKf

Trump Takes Lead but US Presidential Race Still Too Close to Call

The outcome of the vote will have major repercussions for the global fashion industry, as the two candidates have taken vastly different approaches to issues ranging from trade to climate change. from The Business of Fashion https://ift.tt/e40ol93

Vitamin Shoppe Owner Files for Bankruptcy

Franchise Group Inc, which owns brands including the Vitamin Shoppe and Pet Supplies Plus, has filed for bankruptcy protection after a slew of losses and a scandal connected to its backer B. Riley Financial Inc. from The Business of Fashion https://ift.tt/vwUiyJP

Unsustainable Fashion Is Pricing Out the Conscious Consumer

Brands that make products with little concern for environmental and social impact are benefitting from a ‘brown discount,’ undercutting industry efforts to operate more responsibly, writes Kenneth P. Pucker. from The Business of Fashion https://ift.tt/6y9LHOo

Fast-Fashion Retailer Groupe Dynamite Hires Bankers for IPO

The Canadian women’s clothing retailer has engaged banks for a potential initial public offering that could be launched in the coming weeks, aiming to invigorate the sluggish Canadian IPO market. from The Business of Fashion https://ift.tt/o6nBCrv

Blackstone In Talks to Acquire Retail Opportunity Investments Corp, Sources Say

The private equity firm is in advanced talks to acquire ROIC which owns over 90 shopping centres in the US, according to people familiar with the matter. from The Business of Fashion https://ift.tt/ujfP5UT

The Best Jobs on BoF Careers

Discover the most exciting career opportunities now available on BoF Careers — including jobs from Acne Studios, Bloomingdale’s and Ugg. from The Business of Fashion https://ift.tt/jW38TAL

Dior Beauty Ambassador Sam Visser on How Creativity Sets Him Apart

BoF sits down with prominent makeup artist and Dior Beauty Ambassador, Sam Visser, to hear how prioritising creativity has enabled him to become one of the most influential makeup artists of his generation. from The Business of Fashion https://ift.tt/ZTVFQhf

This Week: Fashion’s Stake in the US Election

The industry has mostly tried to stay out of a close, bitter race, while quietly preparing for a potential Trump victory. from The Business of Fashion https://ift.tt/DfvyExz

Is Fashion Missing the Bigger Picture?

Imran Amed shares his perspectives on the precarious state of fashion — and the wider world — in the lead up to BoF VOICES 2024. from The Business of Fashion https://ift.tt/oOarg2L

The BoF Podcast | Khalid Al Tayer on Driving Transformation in the GCC’s Luxury Market

In his first public interview, Khalid Al Tayer, managing director of Al Tayer Insignia and CEO of Ounass, joins BoF founder and CEO Imran Amed to discuss why brands need to go beyond ‘good enough’ to engage discerning customers in the Middle East. from The Business of Fashion https://ift.tt/j9eRrml

Pioneering Indian Designer Rohit Bal Has Died

Marrying traditional patterns and craftsmanship with modern sensibilities, Bal’s designs were popular with Indian society and celebrities. from The Business of Fashion https://ift.tt/geLhjzZ