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Showing posts from January, 2025

Apple Scraps Work on Mac-Connected Augmented Reality Glasses

The project had been seen as a potential way forward after the weak introduction of the Apple Vision Pro, a $3,499 model that was too cumbersome and pricey to catch on with consumers. from The Business of Fashion https://ift.tt/vxOLCQF

The BoF Podcast | The Luxury Crisis, Explained

BoF’s Imran Amed and Bob Safian discuss the forces shaping the luxury slowdown and what the industry needs to do to snap out of it. from The Business of Fashion https://ift.tt/3HgsvIP

Jenni Kayne Wants to Be the Californian Ralph Lauren

The 23-year-old brand is evolving into a true lifestyle label, offering fashion, homewares and most recently, beauty, selling a relaxed ideal of West Coast allure. from The Business of Fashion https://ift.tt/oJTlXNE

Deckers Outdoor Raises Annual Net Sales Target for Second Time on Robust Demand

The company’s margins were aided by full-price sales of Hoka running shoes, which have been steadily gaining market share from Nike and Adidas. from The Business of Fashion https://ift.tt/aR57ydV

Ferragamo’s Sales Down 4% in Fourth Quarter

Sales in the North American region, which accounted for 29 percent of total revenue, were up 6.3 percent in the quarter. from The Business of Fashion https://ift.tt/WXqV7G0

Case Study | The Complete Guide to Communicating Value to Shoppers

Among the greatest challenges fashion businesses face today is convincing increasingly discerning and discount-driven shoppers that their products are worth the buy — at full price. This case study explores how brands, from luxury to mass market, can communicate value in a competitive and choosy environment. from The Business of Fashion https://ift.tt/Vbm3B27

Mulberry Wants to Make Brit Bags Cool Again

After years of dwindling profits and missing trends, Mulberry wants to double down on its British heritage in hopes to win over – and win back – customers in the UK and US. from The Business of Fashion https://ift.tt/OKF1YsB

The Verdict on Alessandro Michele’s Valentino Couture Debut

The star designer opted for a multimedia performance over a traditional couture defilé, with dresses that were more convincing as costumes than clothes, reports Angelo Flaccavento. from The Business of Fashion https://ift.tt/Du3O0Ee

Bernard Arnault Sees Optimism in US After Attending Trump Inauguration

The LVMH chairman contrasted the optimistic mood in the US following Donald Trump’s inauguration with the challenges facing France, where rising corporate taxes and unemployment are dampening spirits. from The Business of Fashion https://ift.tt/1OB6zhH

Luxury’s China Priorities in the Year of the Snake

Even brands that had successful campaigns in the run-up to Chinese New Year will have to work hard to make gains in the China market where luxury sales are expected to flatline this year. from The Business of Fashion https://ift.tt/dyqRm8K

Aritzia: Redefining Shopping One Store at a Time

Not so long ago, Aritzia was a little-known womenswear brand serving elevated workwear staples from a modest footprint of stores. CEO Jennifer Wong talks in The State of Fashion 2025 about how the retailer found itself in hypergrowth — and why excellence starts from within the company. from The Business of Fashion https://ift.tt/gYivRL9

At Cybex, Innovating Baby and Juvenile Gear for Next Generation Parents

As Millennials and older Gen-Z consumers embrace parenthood, their shopping preferences are extending into traditionally functional categories. BoF hears from CYBEX founder Martin Pos and its CEO Johannes Schlamminger on how the business is innovating baby gear to meet those demands. from The Business of Fashion https://ift.tt/xkhH1Dp

Estée Lauder Reviews Brands Amid Management Change

The beauty giant is reviewing its portfolio of beauty brands with Evercore Inc. as it looks to streamline operations and boost its share price under new CEO Stéphane de La Faverie. from The Business of Fashion https://ift.tt/6Lw0imo

LVMH and Stella McCartney Brand Part Ways

The designer is buying back LVMH’s minority stake in her namesake label but will continue to advise the group on sustainability issues. from The Business of Fashion https://ift.tt/R6IrjKm

Lanvin’s Return to Form

New designer Peter Copping steered the storied Paris couture house toward solid ground with a polished and self-assured, if somewhat safe, debut. Can the brand’s ‘ultimate chic’ stand up to deep-pocketed rivals? from The Business of Fashion https://ift.tt/I6m8vJH

BoF Community Gathers in Mumbai at ‘Inflection Point’ for Indian Fashion

Actors Sonam Kapoor Ahuja, Jacqueline Fernandez, Ananya Panday, Khushi Kapoor and Ishaan Khatter, together with designers Tarun Tahiliani, Manish Malhotra, Anita Dongre, Anamika Khanna, and more, joined BoF’s Imran Amed and The Bicester Collection’s Desirée Bollier to celebrate India’s growing influence on the global luxury landscape. from The Business of Fashion https://ift.tt/I2JC8Uv

Sabyasachi Stages Lavish Mumbai Show Amid Global Expansion

Indian fashion star Sabyasachi Mukherjee marked his 25th anniversary in business with a spectacle that sought to position his Sabyasachi label as ‘India’s first global luxury brand.’ from The Business of Fashion https://ift.tt/r2atSUG

This Week: Luxury’s Reality Check

LVMH reports fourth-quarter results, and will either confirm signs of a rebound – or dash hopes for a quick fix to the sector’s troubles. from The Business of Fashion https://ift.tt/ZePlBtR

Kim Jones Awarded Knighthood During Paris Fashion Week

The British designer received Chevalier de la Légion d’honneur, France’s highest honour, shortly after presenting Dior’s latest menswear collection. from The Business of Fashion https://ift.tt/lnBSd6P

Burberry Soars After Demand Pickup Lifts Hope of Luxury Comeback

The luxury brand’s’s quarterly sales drop was smaller than expected, falling just 4 percent, boosted by a strong US holiday season and a focus on its iconic trench coats and scarves. from The Business of Fashion https://ift.tt/QyqSmDE

The Future of ‘Made in Italy’: ‘Many Factories Will Disappear’

In Italy’s key luxury manufacturing sector, more than 2,000 factories closed in the first three quarters of 2024. But innovative suppliers like Gruppo Florence are developing new models to navigate the pressures of a changing market. from The Business of Fashion https://ift.tt/IDM8b4N

Ami’s Evolving Paris Attitude

After growing sales ten-fold to over €300 million, designer-entrepreneur Alexandre Mattiussi and chief executive Nicolas Santi-Weill plan to cultivate a more nuanced, cohesive image. from The Business of Fashion https://ift.tt/eU4WgPX

Valentino-Owner Mayhoola Names Riccardo Bellini as Managing Director

Bellini will oversee strategy, operations and development of the Qatari luxury group’s portfolio, which also includes Balmain. from The Business of Fashion https://ift.tt/xhufnQc

Trump Stirs Tariff Pot With Fresh Threats on EU and a Feb 1 Deadline for China

US President Donald Trump has vowed to hit the European Union with tariffs and said his administration was discussing a 10 percent punitive duty on Chinese imports because fentanyl is being sent from China to the US. from The Business of Fashion https://ift.tt/SdGFCBb

The Future of Online Resale Is Offline

Fashionphile, Rebag and other secondhand e-commerce platforms are opening stores and partnering with multibrand retailers in a bid to reach new customers. from The Business of Fashion https://ift.tt/WPAn9Ew

Fashion’s Most Anticipated M&A Hot Spots in 2025

As the year’s M&A wave starts with once-hot legacy labels finding new owners, while buzzy start-ups hold out for higher valuations, BoF breaks down the types of acquisition targets the industry will likely see this year and the stakes for those potential deals. from The Business of Fashion https://ift.tt/Dn6riRV

So Long Quiet Luxury

At Milan men’s fashion week, the clothes were on the safe side, but the classics, when seen with free and inventive eyes, can rank amongst the most contemporary expressions of men’s fashion, reports Angelo Flaccavento. from The Business of Fashion https://ift.tt/e2zFsAh

Bernard Arnault, Jeff Bezos and Mark Zuckerberg and More Attend Trump’s Inauguration

A number of top business leaders in fashion and tech attended the smaller-scale inauguration inside the US Capitol. from The Business of Fashion https://ift.tt/jb7mIQf

Industry Leaders Share Perspectives at Milan Fashion Week Men’s Celebration

BoF, together with Amazon Fashion, unite renowned designers, executives, entrepreneurs and creatives from brands and businesses including Prada, Bottega Veneta, Moncler, Bally, Versace, Marni, Stone Island, Zegna, Tod’s, Cabana Magazine, Diesel and Setchu. from The Business of Fashion https://ift.tt/QDIbZSv

What’s Working in a Tough Menswear Market

Italian menswear has been comparatively resilient during luxury’s slowdown. At Pitti Uomo and Milan men’s week, executives hoped top-end, targeted propositions, technical brands and twisted classics would sustain the category. from The Business of Fashion https://ift.tt/qo0h9zu

TikTok Is Restoring Service in the US

The ByteDance-owned platform allowed users back on its app on Sunday following President-elect Donald Trump’s promise to grant an extension on the ban. from The Business of Fashion https://ift.tt/Qm7uFY9

TikTok Goes Dark for US Users, App Stores Remove Platform

TikTok on Saturday suspended its services for US-based users while Apple Inc. and Google removed the platform from their mobile app stores to avoid penalties under a new law, as the social media company awaits a possible reprieve from President-elect Donald Trump to continue operations. from The Business of Fashion https://ift.tt/2GliaKB

This Week: Ready or Not, Here Comes President Donald Trump

TikTok, tariffs and immigration are among the issues that could see major action taken in the opening days of Trump’s second term. from The Business of Fashion https://ift.tt/plwxzOD

Fosun’s Jewellery Unit Shanghai Yuyuan Considers Second Listing in Hong Kong

The Shanghai-listed company, which shares an owner with Lanvin Group, may seek to raise more than $300 million in an offering, Bloomberg reported citing unnamed sources. from The Business of Fashion https://ift.tt/qy4gbtK

The Philosophy Behind Lemaire’s $100 Million Ascent

Demand for the Paris label’s androgynous, utilitarian wardrobe has grown ten-fold since 2019 as shoppers turn their back on logo-mania and embrace the brand’s more subtle ethos. ‘Reality isn’t a dirty word,’ says co-creative director Christophe Lemaire. from The Business of Fashion https://ift.tt/MiFsxz2

Op-Ed | Not All of Luxury Can Glitter Like Cartier

Richemont’s strong sales growth, driven by jewellery demand and key brands like Cartier and Van Cleef & Arpels, signals a brighter future for luxury, even as China lags and price hikes continue to shift consumer preferences, writes Andrea Felsted. from The Business of Fashion https://ift.tt/OKjWfAU

Grace Ling Opens First Store in New York

The location will also serve as a showroom for the designer’s red carpet clientele. from The Business of Fashion https://ift.tt/Pld9f6U

Christie’s Names New CEO; Cerutti to Head Pinault Collection

Bonnie Brennan, who’s been at the auction house for the past 13 years, is set to become CEO of Christie’s on Feb. 1. from The Business of Fashion https://ift.tt/wPOQRY5

Kering Sells Majority Stake in Three Paris Properties to Ardian

A new joint venture with Ardian will hold three Kering properties — at Hôtel de Nocé on place Vendôme, and two buildings on Avenue Montaigne. from The Business of Fashion https://ift.tt/bAzfq7Y

Proenza Schouler Founders Depart the Brand

Designers Jack McCollough and Lazaro Hernandez are leaving their New York-based label after over 20 years at the helm. from The Business of Fashion https://ift.tt/BySxibH

Prada’s Plan for Growing in a Luxury Downturn

What's 'polyhedric brand equity'? Chief executive Andrea Guerra breaks down how Prada and Miu Miu — luxury’s ‘cultural brands’ par excellence — continued to outperform the market last year, and his outlook for 2025. from The Business of Fashion https://ift.tt/FrK0aGq

The Debrief | How to Choose a PR Agency

From emerging designers to global names, The Debrief unpacks what to look for in a PR partner and how to make the most of that relationship. from The Business of Fashion https://ift.tt/JUWdD5z

The Five Strategies Defining Fashion’s Future in the Metaverse

‘Fashion’s Forward 5,' a note from The Metaverse Society, examines the five key themes that will redefine business practices and customer engagement in the metaverse. Discover key extracts from the report here, alongside BoF analysis. from The Business of Fashion https://ift.tt/v5gRES8

Abercrombie Shares Drop Despite Strong Holiday Sales

Shares of Abercrombie were down 7.4 percent in Monday premarket trading in New York. The retailer’s shares soared 69 percent last year. from The Business of Fashion https://ift.tt/TDOhxsb

The State of Fashion: Luxury

Macroeconomic headwinds, shifting customer preferences and a deteriorating value proposition continue to weigh on the global luxury sector in 2025. Companies need to review their strategic priorities — investing in talent development, product excellence and finding new ways to engage with clients. Download the special Luxury edition of The State of Fashion report by BoF Insights and McKinsey & Company to understand the strategic imperatives for luxury executives in the years ahead. from The Business of Fashion https://ift.tt/46MEaqt

Los Angeles Faces Little Relief From Fires as Winds Persist

Southern California’s devastating wildfires are not only threatening lives and properties but also disrupting key fashion hubs, posing risks to luxury retailers and cultural landmarks, as the industry braces for long-term impacts on supply chains and real estate. from The Business of Fashion https://ift.tt/SoVvaLU

This Week: Countdown to the TikTok Ban

Barring a last-minute intervention by the US Supreme Court, these may be the final days of social media as we know it. Plus, men’s shows and luxury earnings season kick off. from The Business of Fashion https://ift.tt/6XqYbRa

LA Brands Pause Business as Usual for Wildfire Relief

Fashion and beauty companies have closed stores, offices and warehouses to focus on donations for those affected by the ongoing wildfires. from The Business of Fashion https://ift.tt/49fCEqQ

Amazon Is Halting Some of Its Diversity and Inclusion Programmes

In a memo to employees, Candi Castleberry, a senior human resources executive, said last month that Amazon was “winding down outdated programmes and materials.” from The Business of Fashion https://ift.tt/oY19wT8

Report: Capri Holdings Has Pitched Prada To Acquire Versace

Prada is among the potential investors who could be evaluating a purchase of Versace, Italian daily Il Sole 24 Ore reported Friday citing market speculation. from The Business of Fashion https://ift.tt/2WnuCPS

The Decline and Fall of the Viral Microtrend

Fast spreading — and disappearing — online “microtrends” or “cores” have driven fashion conversation for young shoppers over the past few years. Now, the churn has started to slow. from The Business of Fashion https://ift.tt/M1Qzr6l

Birkenstock Sues ‘Copycat’ Rivals Claiming Its Sandals Are Applied Art

The company faces a legal battle in Germany to have its iconic cork-soled sandals recognised as “works of applied art” and protected by copyright law after suing competitors for alleged imitation. from The Business of Fashion https://ift.tt/qfT96Gp

M&S Reports Strong Festive Sales but Says UK Firms Will Take Hit From Tax Rises

Clothing, home and beauty product sales grew by 1.9 percent in the 13 weeks to 28 December. from The Business of Fashion https://ift.tt/FYPN36z

Consumers Want Brands to Prove They’re Worth It

Macroeconomic pressures and rising prices have driven fashion shoppers to adopt cost-conscious behaviours. To capture customers’ share of wallet, brands will need to prove their value, finds the BoF-McKinsey State of Fashion 2025. from The Business of Fashion https://ift.tt/1BDJi3N

Elyse Walker, Palisades Village Area Businesses Damaged by California Fires

Some stores have burned to the ground in the upscale Pacific Palisades neighborhood being decimated by a still-growing wildfire. from The Business of Fashion https://ift.tt/tQLa6rw

How to Keep the Gen-Z Fragrance Boom Going

Fragrance has proved a bright spot amid the beauty sales slowdown. But to keep growing, brands need to adapt to consumer habits that are changing quickly. from The Business of Fashion https://ift.tt/j3FZ7YI

True Religion Acquired by Private Equity Firm Acon Investments

The deal, which included participation from American Eagle’s chief executive, will help the denim maker expand globally. from The Business of Fashion https://ift.tt/1Peuyft

What Happens When TikTok’s Trend Machine Shuts Down?

Facing a looming ban, brands and creators must contemplate the internet without its most important cultural production engine. from The Business of Fashion https://ift.tt/6tP2pkY

The Top Beauty Trends to Watch in 2025

From fragrance layering to men’s styling products, trends on the rise in the new year hinge on the future of the social media landscape. from The Business of Fashion https://ift.tt/FHPUOVh

Ulta Beauty Names Insider Steelman as CEO, Flags Strong Holiday Sales

Cosmetics retailer Ulta Beauty said on Monday insider Kecia Steelman will replace retiring CEO Dave Kimbell in the top role, and forecast a strong fourth quarter, sending its shares up about 2 percent in extended trading. from The Business of Fashion https://ift.tt/aXe5TJz

New Balance’s $10 Billion Plan

As the brand races to hit eleven-digit annual sales, CEO Joe Preston opens up for The State of Fashion 2025 about what New Balance is doing that its rivals aren't, the company's unique approach to brand and athlete partnerships and how it plans to stay ahead in the innovation battle. from The Business of Fashion https://ift.tt/igY8D3k

Uniqlo, Gymshark and Lush Stop Hiring UK Workers via Gig Economy Apps

Following union pressure over concerns that workers were being denied essential employment rights, the retail companies have stopped hiring freelance workers through apps like YoungOnes and Temper. from The Business of Fashion https://ift.tt/P5W3M7d

This Week: The Golden Globes Kick Off Red Carpet Season

The luxury downturn, designer shakeups and rebranding campaigns could inject some new life into the red carpet. from The Business of Fashion https://ift.tt/onyZK9a

Ralph Lauren Is Awarded Presidential Medal of Freedom

The New York-based designer will be honoured by outgoing US President Joe Biden in a ceremony at the White House Saturday afternoon, making him the first fashion designer to receive the award. from The Business of Fashion https://ift.tt/sQeWLvK

TikTok’s Live Video Feature ‘Groomed’ Minors, Utah AG Claims

A newly unredacted lawsuit reveals that TikTok has long been aware its livestream feature facilitated sexual exploitation of minors, money laundering, and even funded terrorism. from The Business of Fashion https://ift.tt/cRC3KsL

The Best of BoF 2024: Beauty Launches

2024 saw beauty launches from fashion labels, celebrities and beauty industry veterans. Makeup was a target for luxury brands like Celine and Burberry, while hair care was the latest category of choice for celebrities including Beyoncé and Blake Lively, and former executives from Victoria Beckham Beauty and Aesop hedged their bets on niche lines. from The Business of Fashion https://ift.tt/TBSZcXk

Designer Rosita Missoni Dies at 93

She launched the business in 1953 with her husband Ottavio Missoni, developing a brand which became popular for its colourful knitwear. from The Business of Fashion https://ift.tt/svBPbSI

US Dockworkers, Port Employers Set to Restart Talks Next Week

Contract talks between port workers and their employers will resume on January 7, aiming to avert a strike that could disrupt key East and Gulf Coast ports, with the key issue of semi-automated machinery potentially stalling progress. from The Business of Fashion https://ift.tt/WR5vHMq

The Best of BoF 2024: The Big Beauty M&A Year That Wasn’t

Despite a raft of attractive, buzzy brands beginning sales processes, many of beauty’s big conglomerates didn’t open their wallets this year. from The Business of Fashion https://ift.tt/2oZKXge

Inside Luxury’s Broken Audit System

LVMH-owned Dior missed glaring problems during an assessment of working and safety conditions in its production arm in Italy last year, according to a review of unpublished court documents. from The Business of Fashion https://ift.tt/PbCIJwp