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Showing posts from May, 2025

Natura CEO Bets on Mexico as Cosmetic Maker Recovers

CEO João Paulo Ferreira announced plans to expand its presence in the country from its current 16 stores and stands, saying, ‘We will grow disproportionately in Mexico.’ from The Business of Fashion https://ift.tt/V26mMAX

Appeals Court Allows Trump Tariffs to Stay in Effect for Now

A brief order granting the stay was issued Thursday by the US Court of Appeals for the Federal Circuit, putting an order blocking Trump’s tariffs on hold while the appeals court weighs a longer lasting stay sought by the government. from The Business of Fashion https://ift.tt/rtzZ2uG

Nike’s Longtime Design and Innovation Boss John Hoke to Retire

The chief innovation officer will remain with Nike until October. His successor has yet to be named. from The Business of Fashion https://ift.tt/Us92c4i

LVMH Has Room to Raise Prices 2-3%, LVMH Deputy CEO Says

Deputy CEO Stephane Bianchi said the luxury conglomerate has room to raise prices of high-end products without affecting demand, but likely cannot implement price hikes for cognac or beauty products. from The Business of Fashion https://ift.tt/nCWZPOd

E.l.f. Acquires Hailey Bieber’s Rhode for $1 Billion

In an interview with The Business of Beauty, E.l.f. chairman and chief executive Tarang Amin said the two brands recognised the “power” of joining forces. from The Business of Fashion https://ift.tt/HtblXPq

Can Jewellery Continue to Outshine Fashion?

As leather goods lose their cool amid rising prices and quality concerns, fine jewelry is emerging as luxury’s shining star. from The Business of Fashion https://ift.tt/eOsgG34

Crypto-Luxury Brand 9dcc Is Shutting Down

The brand cited headwinds in web3 and softness in the luxury market for its decision in an announcement Tuesday. from The Business of Fashion https://ift.tt/KL2oiXB

The Business of Ballerina Farm

Hannah Neeleman is the farmfluencer who broke the internet thanks to the public’s obsession with her picturesque life, career choices and family dynamics. Now, she is taking her burgeoning lifestyle empire global. from The Business of Fashion https://ift.tt/IqX9yWD

Italy’s Fashion Brands Sign Accord to Fight Worker Exploitation

Italian legal and political authorities, trade unions and fashion industry parties signed a non-binding action plan focussed on the creation of a database of brands’ suppliers and their workforces, after prosecutors uncovered widespread abuse. from The Business of Fashion https://ift.tt/uwnD5gG

EU Warns Shein of Fines in Consumer Protection Probe

The EU has ordered Shein to address consumer law breaches within one month or face potential fines. from The Business of Fashion https://ift.tt/Q5Z0jhL

How Portuguese Brands Are Implementing Digital Strategies Today

The Portuguese Footwear Association, APICCAPS, invited brand leaders and business professionals across footwear and its adjacent industries to a day-long Digi4Fashion event in Porto, on digital opportunities for the industry in 2025. There, BoF spoke to footwear and fashion brands to learn about their key challenges in this area, and presented on opportunities and innovation in e-commerce today. from The Business of Fashion https://ift.tt/5H4MSG9

Trump Extends Deadline for 50% Tariffs on EU Goods to July 9

The US president told reporters the decision to push the deadline came after he had a ‘very nice’ phone call with Commission President Ursula von der Leyen. from The Business of Fashion https://ift.tt/Nq0ShYv

This Week: Three Questions for Retailers

Sneakers, lipstick and of course, tariffs, will be on investors’ minds as companies report quarterly results. from The Business of Fashion https://ift.tt/I8A9Pqh

How Raisefashion’s Emerging Designers Build Brands Informed by Heritage

Designers from RaiseFashion’s third masterclass cohort are navigating shifting tariffs, supply chain challenges and pricing pressures. Here, BoF explores how four designers leverage their heritage to build their businesses — finding resilience through mentorship, storytelling and community. from The Business of Fashion https://ift.tt/nM6liLD

E.l.f. Beauty Announces $1 Price Hike, Citing Inflation and Tariffs

The mass brand will raise prices in August. from The Business of Fashion https://ift.tt/TlAFOab

The New Growth Playbook in a Changing Beauty Market

BoF and Front Row gathered beauty executives over breakfast in New York to examine brand authenticity, channel mix, product innovation and meaningful differentiation in today’s crowded beauty market. Here, BoF shares key insights from the discussion. from The Business of Fashion https://ift.tt/yKxa0Ol

Hoka, Uggs Owner Deckers Declines to Provide Fiscal Outlook Due to Tariff Uncertainty

The shoe maker’s first-quarter net sales rose 6.5 percent off strong demand for Hoka footwear. from The Business of Fashion https://ift.tt/IdWV8nq

Apple Plans Smart Glasses for 2026 as Part of AI Push

Apple Inc. is aiming to release smart glasses at the end of next year as part of a push into AI-enhanced gadgets. from The Business of Fashion https://ift.tt/yk5p0eC

Change Is Coming to the Sneaker Retail Landscape

Dick’s Sporting Goods’ acquisition of Foot Locker will have impacts on the rest of the industry, from brands such as Nike and Adidas to rival retailers like JD Sports. from The Business of Fashion https://ift.tt/TC3u86Z

LVMH Said to Signal Continued Weakness on China Woes

The French luxury behemoth is warning investors and analysts that demand remains soft this quarter amid lacklustre consumer confidence, particularly in China, sources told Bloomberg. from The Business of Fashion https://ift.tt/tMsjTIb

Felix Capital Appoints Laurent Droin Partner

Droin was most recently a partner at Eurazeo, where he led investments in Gisou, Axel Arrigato and Ex Nihilo. from The Business of Fashion https://ift.tt/XfTGI3s

How Santoni Balances Craftsmanship With Innovation

As the Italian footwear brand marks its 50th anniversary, Santoni is eyeing up expansion into new regions and categories while doubling down on its commitment to quality, craftsmanship and its sustainability goals. BoF sits down with Giuseppe Santoni, president and chairman, to discuss the brand’s strategic focus for 2025. from The Business of Fashion https://ift.tt/hwRnB2M

Amer Sports Raises 2025 Guidance on Strong Demand for Arc’teryx and Salomon Footwear

Shares of the athletic apparel and equipment maker hit an all-time high on Tuesday. from The Business of Fashion https://ift.tt/tn6V2XU

Warby Parker to Launch Smart Glasses With Google

The eyewear maker will also receive an investment from the tech giant of up to $150 million as part of the collaboration, which is set to debut after 2025. from The Business of Fashion https://ift.tt/w2JGCjW

Global Retailers’ Tariff Strategy Risks Spreading Pain Beyond US Consumer

Brands like Birkenstock and Pandora are considering raising prices in markets outside the US to offset the impact of tariffs. from The Business of Fashion https://ift.tt/TeKRBGW

Nike Lays Off Some Workers in Shakeup of Technology Division

The cuts are the latest in an ongoing move to reset priorities and management seeks to execute on a turnaround strategy. from The Business of Fashion https://ift.tt/7y6kn4H

With Financing Push, Saks Global Looks to Buy Some Time

A deal to secure $500 million in new financing may push out a reckoning. But falling sales, looming payments to vendors and creditors continue to dog the luxury retailer’s post-merger vision. from The Business of Fashion https://ift.tt/VDaHJr5

At Raisefashion, Supporting Underrepresented Designers at the Forefront of Sustainable Fashion

With sustainability falling down the priority list for fashion executives in 2025, emerging designers are looking to meet demands for conscious consumerism — but face substantial challenges in an oversaturated market facing macroeconomic limitations. BoF sits down with Felita Harris, co-founder of non-profit RaiseFashion that provides financial, educational and community support for underrepresented designers focused on sustainability goals, to learn more. from The Business of Fashion https://ift.tt/lfpCXZ6

Saks Creditors Form Majority Group Ahead of Potential Debt Talks

The bondholders have organised and hired advisors Lazard Inc. and Paul Weiss Rifkind Wharton & Garrison while they prepare for potential financing talks with Saks Global. from The Business of Fashion https://ift.tt/bROwoLT

Indian Cosmetics Brand Colorbar Eyes IPO in Early 2027

The cosmetics company expects to double revenue to over $117 million in the fiscal year starting April 1. from The Business of Fashion https://ift.tt/JQp4jHc

System Launches New Bi-Annual ‘System Collections’

The title could provide a handy source of new revenue for the Anglo-French magazine. from The Business of Fashion https://ift.tt/6RgMTHd

This Week: Liberation Day’s Long Tail

As more retailers report earnings, the industry is hoping more countries follow China in reaching agreements to lower tariffs. from The Business of Fashion https://ift.tt/bHmXuN6

The BoF Podcast | Redefining “Made in Africa”

Maryse Mbonyumutwa of Pink Mango, Laduma Ngxokolo of MaXhosa Africa, and Reni Folawiyo of Alara join writer Rozan Ahmed at BoF CROSSROADS 2025 to discuss how African brands are overcoming operational challenges to bring global creativity and sustainability to fashion. from The Business of Fashion https://ift.tt/iXwNKvr

Novo Nordisk Ousts CEO After Falling Behind in Weight Loss Market

Jorgensen told Reuters in an interview that he did not see the decision coming, and was only informed very recently. from The Business of Fashion https://ift.tt/NHQeROr

5 Fashion Brands That Dominated the Met Gala Social Conversation

Analysis from BoF INSIGHTS PULSE shows which brands and celebrities drove the conversation around the Met Gala on social media — and why. from The Business of Fashion https://ift.tt/gtbMHkE

Valentino Unit Put Under Court Administration Over Labour Exploitation

A Milan court found that Valentino Bags Lab subcontracted production to Chinese-owned firms in Italy that exploited workers. from The Business of Fashion https://ift.tt/OAMCmIE

The Tariff-Proof International Expansion Playbook

As the impact of tariffs on the industry sets in, a few American brands are turning their attention to overseas markets, and building resilient supply chains that can withstand indefinite uncertainty. from The Business of Fashion https://ift.tt/rKSQopy

Dick’s Sporting Goods is Nearing $2.3 Billion Deal for Foot Locker

Under the current deal, which could be announced as soon as Thursday, Dick’s will pay $24 per share for Foot Locker. from The Business of Fashion https://ift.tt/6baJejk

Saks Bond Suffers $1 Billion Loss Before a Single Payment Is Made

Saks Global is now seeking even more money to shore up finances while bondholders, who face almost $1 billion in losses, have begun to question if they’ll receive a single interest payment. from The Business of Fashion https://ift.tt/ajt3Kzk

American Eagle Withdraws Annual Targets, Writes Down Spring, Summer Inventory

Following the forecast withdrawal, shares of the apparel maker slumped 10 percent in extended trade. from The Business of Fashion https://ift.tt/oXtLYhq

Kohl’s Is Looking to Refinance Just as It Searches for a New CEO

The department store company plans to sell $360 million of junk bonds to raise cash to refinance debt coming due this year. from The Business of Fashion https://ift.tt/juitRWZ

L’Oréal Is Selling $1 Billion of Bonds in US Market Debut

The sale marks the cosmetics conglomerate’s first time borrowing in the US corporate bond market. from The Business of Fashion https://ift.tt/9s4quOI

Andie Acquires Richer Poorer

The two digitally-native brands will sell their products across both sites as the combined company aims to reach $100 million in annual sales in the next three to five years. from The Business of Fashion https://ift.tt/kqBs2Uc

Saks Hires Kirkland & Ellis, PJT to Explore Financing Options

The advisers will help Saks Global assess its options for boosting liquidity as economic pressures impact the US retail sector. from The Business of Fashion https://ift.tt/hcDMKxn

E-Commerce Packages Left Out of US-China Tariff Reprieve

The US-China trade agreement does not cover “de minimis” exemptions for low-value e-commerce packages from China to the US. from The Business of Fashion https://ift.tt/YfZ3Lqu

How to Responsibly Integrate Generative AI into the E-Commerce Value Chain

BoF’s latest white paper, ‘The Future of E-Commerce, Powered by Generative AI’ — in partnership with Zalando — explores building the right foundations in a workplace for introducing the next-generation technology. It also examines the legal and ethical frameworks businesses must consider when working with the technology. from The Business of Fashion https://ift.tt/w5vi398

US, China Cite ‘Substantial Progress’ in Geneva Trade Talks

Neither side immediately announced specific measures, but the two biggest economies agreed to create a mechanism for further talks, said Chinese Vice Premier He Lifeng. US Treasury Secretary Scott Bessent said the US would share details on Monday. from The Business of Fashion https://ift.tt/Kuzc4Na

Report: Boohoo in Talks on £175 Million Debt Package

Amid tensions with Mike Ashley’s Frasers Group, Debenhams is in talks about a debt package as much as £175 million, The Telegraph reported. from The Business of Fashion https://ift.tt/a2kHwuZ

This Week: Is Burberry’s Turnaround a Go?

The British luxury brand hopes to top low expectations for a second quarter. from The Business of Fashion https://ift.tt/iGZuxRp

Tariff Windfall Tests Limits of India’s Apparel Factories

As US retailers shift orders from China and Bangladesh to capitalise on lower tariffs, apparel factories in India’s textile hub of Tiruppur are scrambling to meet demand and are held back by a deepening skilled labour shortage, cost pressures, and fragmented manufacturing capacity. from The Business of Fashion https://ift.tt/ivW7wLD

How Far Can Body Care Go?

Brands like Buttface and Megababe claim to innovate the skincare category by bringing “facial-grade” ingredients below the belt. from The Business of Fashion https://ift.tt/WrRqafv

How Getty Images Is Evolving for a New Era of Content

The visual media company is expanding its offering beyond news, stock and archival content to become a strategic partner to the likes of, L’Oréal, Dior, the Met Gala and amFAR gala. Now, BoF sits down with Getty Images’ senior director of entertainment content and partnerships, Lisa Marie Rae, to learn more about how the company is co-creating cinematic campaigns and helping brands craft compelling narratives. from The Business of Fashion https://ift.tt/bBTo5Wy

Olaplex Sales Continue to Slide

The prestige hair care company posted net income of $0.5 million, a steep drop from $7.7 million in the same quarter of 2024. from The Business of Fashion https://ift.tt/Vp47sHa

Puma’s Earnings Meet Estimates in Boost for CEO-less Brand

The sportswear company maintained its 2025 outlook as sales came in at $86 million, down from last year but slightly ahead of analyst expectations. from The Business of Fashion https://ift.tt/lpVm2O7

Next Shares Hit Record as UK Customers Splurge Ahead of Summer

The British fast-fashion company’s shares rose to a record high after it raised its outlook for the second time this year, to $1.4 billion. from The Business of Fashion https://ift.tt/geWfphn

How Spain’s Indie Fashion Scene Nailed Global Growth

Brands including La Veste, Gimaguas and Flabelus have become the hot alternative to Europe's usual French and Scandinavian labels. Customers in cities like New York can't get enough. from The Business of Fashion https://ift.tt/pnyNq6L

MAC’s Plan to Win: Lip Oil and Nepo Babies

The Estée Lauder-owned cosmetics label’s latest campaign casts Amelia Gray, Francesca Scorsese and Zaya Wade to promote “Lipglass Air,” a follow-up to MAC’s best-selling Lipglass. from The Business of Fashion https://ift.tt/Idb2ECe

The Secret to Influencer Longevity

In an industry that’s constantly churning out a hot new follow, it’s a rare creator who can build a lasting career. Several who did tell BoF that consistency and authenticity was key – even as they hopped platforms and radically changed their content. from The Business of Fashion https://ift.tt/ElUzb59

Coty Cuts Annual Profit Forecast

The company’s shares fell about 2 percent in extended trading. from The Business of Fashion https://ift.tt/X7uLkIr

Thirteen Lune’s Partnership with JCPenney Ends

JCPenney said that brands under the partner shop-in-shop will still be available through its own beauty section. from The Business of Fashion https://ift.tt/5HPhXwW

Skechers’ $9.4 Billion Blockbuster Buyout, Explained

The comfort sneaker brand’s $63-per-share acquisition by the Brazilian private equity firm 3G shocked both the fashion and financial worlds. from The Business of Fashion https://ift.tt/pb7BNYF

Nike President O’Neill Out in Latest Shake-Up Under New CEO

Elliott Hill has been working to reorient Nike, which is coming off a turbulent year of layoffs and sales woes, in his early months as CEO. from The Business of Fashion https://ift.tt/CbERkt0

Rite Aid Set to File Second Bankruptcy, Announces Job Cuts

The company was unable to secure additional capital from lenders in order to continue operating the business and now intends to file Chapter 11. from The Business of Fashion https://ift.tt/gyzMPJQ

Enhancing the E-Commerce Customer Journey with Generative AI

In 2025, e-commerce retailers are vying for divided consumer attention. BoF’s latest white paper, ‘The Future of E-Commerce, Powered by Generative AI’ — in partnership with Zalando — explores how the next generation technology is pushing the frontiers of product delivery and content displays, and enhancing digital shopping experiences along the way. from The Business of Fashion https://ift.tt/C1vFtZx

Footwear Brands Including Nike and Adidas Ask Trump for Tariff Exemption

The Footwear Distributors & Retailers of America trade group urged Trump to exempt shoes from reciprocal tariffs in a letter signed by shoemakers. from The Business of Fashion https://ift.tt/GrlbUuW

Unilever to Invest $1.5 Billion in Mexico, Including New Factory

The consumer goods company will devote $407 million to a new factory in Nuevo Leon which will specialise in beauty products and personal care. from The Business of Fashion https://ift.tt/pQM59F2

This Week: The Met Gala, the Federal Reserve and a New Tariff Pain Indicator

A gloomy economy probably won’t spoil the Costume Institute’s big party. from The Business of Fashion https://ift.tt/mnwSgI9

What Makes a True Community Brand?

Few words are more overused in fashion, but the ones who do it right foster genuine customer loyalty and extraordinarily high levels of engagement, writes Imran Amed. from The Business of Fashion https://ift.tt/4KupCnh

Amazon Forecasts Quarterly Revenue Largely Above Estimates

Amazon.com forecast second-quarter revenue above Wall Street estimates, with an expectation of net sales between $159 billion and $164 billion. from The Business of Fashion https://ift.tt/PlKrU85

Unilever to Shutter Ren Skincare Business

The consumer goods company cited internal challenges that were exacerbated by market conditions. from The Business of Fashion https://ift.tt/HPBqYJQ