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Showing posts from June, 2025

Exclusive: Smythson of Bond Street Acquired by Oakley Capital

The British luxury lifestyle brand, known for its leather handbags, notebooks, homeware and other accessories, will look to accelerate its growth and expand internationally. from The Business of Fashion https://ift.tt/zH3poeb

Valentino Faces Uncertainty as CEO Takes Sick Leave Amid Profit Slowdown

A possible change of CEO would, if confirmed, pile further pressure on the high-end business which reported a decline in revenues and profit last year. from The Business of Fashion https://ift.tt/LvuCpyZ

At Citi, Unlocking New Growth Strategies for Beauty Brands

As acquisition opportunities narrow and market dynamics shift, beauty businesses require a new strategic approach to unlock sustainable growth. BoF sat down with Timicka Anderson, Citi Commercial Bank’s Global Head of Consumer and Retail, to uncover how beauty brands can better position themselves for long-term financial success. from The Business of Fashion https://ift.tt/0siEn7c

Prada Credits Sandal’s Indian Legacy Amid Uproar

The Italian fashion group has acknowledged the Indian roots of a new open-toe sandal design after criticism from artisans and politicians. from The Business of Fashion https://ift.tt/h1yPgpf

At Paris Fashion Week, Bigger Was Rarely Better

Julian Klausner’s Dries Van Noten was the winner of a Paris men’s season where grand statements risked overpowering the fashion, reports Angelo Flaccavento. from The Business of Fashion https://ift.tt/GSnOFh0

This Week: Fashion’s Back-to-School Dilemma

Retailers will need to prepare for the $11 billion summer shopping season without fully understanding what tariffs will be in place, or how much parents and students are willing to spend. from The Business of Fashion https://ift.tt/RJTN8tO

Shein to File Confidentially for Hong Kong IPO, Sources Say

Shein aims to submit the filing confidentially as soon as this week, a source familiar with the matter told Reuters. A second source said the filing was expected to be made by Monday. from The Business of Fashion https://ift.tt/qBJKUXP

Exclusive: Roberto Cavalli CEO to Exit as Owner Seeks Sale

Sergio Azzolari is stepping down after less than three years at the helm of the Italian label as its Dubai-based owner aims to bring on a strategic partner to support growth at the loss-making brand. from The Business of Fashion https://ift.tt/COH69EW

Luxury Brands Bet on Experiential Retail to Revive China Sales

Louis Vuitton’s latest Shanghai store is a 30-metre-high, ship-shaped experience called ‘The Louis.’ from The Business of Fashion https://ift.tt/IosUzQu

Fashion’s Chaotic New Regulatory Reality

The regulatory environment is becoming more complicated as European politicians roll back on regulations that were intended to make the industry more sustainable. from The Business of Fashion https://ift.tt/GMKEurZ

In Paris, Territorial Pissings with Rick Owens

Fashion’s master of the Dark Arts presents dual challenges to orthodoxy with his new show for men and a spectacular retrospective from The Business of Fashion https://ift.tt/P8ZAOiX

Nike Fourth-Quarter Sales Fall by Less Than Expected

CEO Elliott Hill said the company is making progress in its turnaround effort, though a return to growth will take time. from The Business of Fashion https://ift.tt/c05Rw8H

Retail Emerges as Most Distressed Sector in Europe, Report Says

Retail is suffering from weak discretionary spending, margin compression and tightening credit conditions, pushing distress in the sector to the highest level since the global financial crisis in 2009. from The Business of Fashion https://ift.tt/vY1APm8

The End of The Founder-Led Era

Over the last decade, an avalanche of brands with public-facing founders emerged. While a prominent founder can propel growth, customers use other factors to assess whether a brand is suited to their needs, according The State of Fashion: Beauty Volume 2. from The Business of Fashion https://ift.tt/JF217on

Fantastic Man Magazine Launches in China

Former Yves Saint Laurent creative director Stefano Pilati will join Fantastic Man China as editor at large. from The Business of Fashion https://ift.tt/6JP70V8

The Tenth Edition of BoF VOICES Is Coming: First Speakers Announced

Prada Group CEO Andrea Guerra, model Jean Campbell and MSCHF founder Gabriel Whaley are among the global experts who will share their insights at BoF’s annual gathering for big thinkers, now in its tenth year. from The Business of Fashion https://ift.tt/13F7HXu

Target Explores Factory-Direct Shipping Model Used by Temu

The retailer is in early stages to broaden its range of low-cost offerings, which would primarily include apparel, household goods and other non-food items. from The Business of Fashion https://ift.tt/Qc3x4MV

Forever 21’s US Operator Wins Court Approval to Liquidate

The embattled fast-fashion company's repayment plan includes a settlement with lenders and former Forever 21 parent Sparc Group that’s designed to boost recoveries for unsecured creditors that stood to get pennies on the dollar. from The Business of Fashion https://ift.tt/doIEqSj

Why Jewellery Feels Like a Better Deal Than a Handbag

Jewellery brands have raised prices less than fashion labels, and now benefit from a stronger sense of lasting value. from The Business of Fashion https://ift.tt/gZCT0YH

At Milan Fashion Week, Highs and Lows

Milan’s menswear showcase felt particularly frail this season, though there were a few standouts, reports Angelo Flaccavento. from The Business of Fashion https://ift.tt/PMUWrH5

Unilever to Acquire Men’s Personal Care Brand Dr. Squatch

The consumer goods giant announced on Monday that it had signed a definitive agreement to acquire the American men’s brand, known for its soaps and grooming products. from The Business of Fashion https://ift.tt/bsxMmBk

Exclusive: Skims’ Plan for Global Domination

Kim Kardashian’s shapewear brand is about to enter dozens of new markets in the US and, increasingly, globally. CEO Jens Grede spoke with The Business of Fashion about his vision to create “the Apple store of apparel.” from The Business of Fashion https://ift.tt/F1NOl0I

US Strikes on Iran Come at Fragile Moment for the Global Economy

The outlook now hinges on how forcefully the Islamic Republic retaliates, with any trade disruptions caused by a further escalation of the conflict acting as yet another brake on the world economy. from The Business of Fashion https://ift.tt/hpq8sm6

Prada CEO Gianfranco D’Attis to Exit the Brand

Prada Group’s chief executive Andrea Guerra will take on the role of the brand’s CEO on an interim basis. from The Business of Fashion https://ift.tt/drZpCDx

This Week: Nike’s Earnings and Jonathan Anderson’s Dior Debut

In their own ways, both companies will provide major updates on how they plan to win back customers. from The Business of Fashion https://ift.tt/MK0iP2b

River Island Plans to Close 33 Stores, Putting Hundreds of Jobs at Risk

CEO Ben Lewis said the British fashion company would try to keep [job losses] to a minimum.’ from The Business of Fashion https://ift.tt/7iGUxKr

Giorgio Armani to Miss Runway Shows As He’s ‘Recovering’ at Home

The Italian fashion designer will follow the shows remotely while menswear head Leo Dell’Orco will greet guests on Saturday and Monday in his stead. from The Business of Fashion https://ift.tt/7ewfvcb

‘Transform or Die’: Can a Turnaround Expert Turn Kering Around?

Luca De Meo’s appointment as the French group’s chief executive is an admission of the seriousness of the crisis the company is facing, as well as a signal of its intent to do something about it, writes Imran Amed. from The Business of Fashion https://ift.tt/KLHurya

BoF Live | Rethinking Success Metrics for Brand Ambassadors

Join us on Wednesday, July 2 at 16:00 BST / 11:00 EDT for our next #BoFLIVE. from The Business of Fashion https://ift.tt/0qRQk3X

How Prestige Beauty Customers Define Value Today

At The Business of Beauty Global Forum 2025, Unilever Prestige’s CEO, Mary Carmen Gasco-Buisson, shares how shifting consumer expectations around value are reshaping prestige beauty, in conversation with BoF’s chief business officer and head of beauty, Johanna Stout. from The Business of Fashion https://ift.tt/zGeEfBl

Art Basel Is Shaping Up to Be a Roll of the Dice

'There’s new energy in the market,’ Pace CEO Marc Glimcher told Bloomberg ahead of the Swiss edition of the global art fair, but selling top-end pieces is likely to be more chancy than usual, several dealers acknowledged. from The Business of Fashion https://ift.tt/lnFLeGV

LA’s Protests Have Ended But Fashion Can’t Shake Off Its Fear

Following the ICE raids and a week of protests, the city’s fashion employers continue to fret about what’s to come as the White House continues its deportation campaign. from The Business of Fashion https://ift.tt/dRirmMx

Shein Is Struggling to Clean Up Its Dirty Image

The company’s latest sustainability report shows it’s still fashion’s most polluting player, with planet-warming emissions that far outstrip those of rivals and help make the brand a target for politicians and regulators. from The Business of Fashion https://ift.tt/4EthoVm

Can Beautycounter Do It Again?

Back under the ownership of founder Gregg Renfrew, the beauty label will relaunch on June 25 as Counter, keeping its clean formulations and giving up its MLM-style compensation model in favor of “community commerce.” Renfrew talks exclusively to The Business of Beauty about her vision for the new brand. from The Business of Fashion https://ift.tt/BPoNYSR

New York’s Fashion Workers Act Set to Go into Effect June 19

The Model Alliance, New York State Department of Labor and fashion industry stakeholders gathered Tuesday to celebrate the new law, which establishes regulations for fair treatment of models — including, preventing management agencies from charging unfair fees and giving models control over their likenesses created with AI. from The Business of Fashion https://ift.tt/o1XiCjr

Clothing Retailer Dynamite Raises Prices 9% Amid Trade Tensions

The women’s fast-fashion retailer plans to raise prices at twice the rate of inflation in the future. from The Business of Fashion https://ift.tt/yBlriec

Worldview | Shein Redirects Listing Plans to Hong Kong

This week’s round-up of global markets fashion business news also features Cambodia’s apparel exports lift and China’s consumer boom. from The Business of Fashion https://ift.tt/kQon7Bu

Why DTC Is Finally Investing in Brand Marketing

Digitally native brands that were once known for rampant social media ads — from Rothy’s to Everlane — are going all in on storytelling that boosts loyalty and creates long term sales growth. from The Business of Fashion https://ift.tt/4fdSg6p

Coty Shares Surge on Report Company Looking to Sell Off Units

The American cosmetics giant's share price surged 13 percent following a report in Women's Wear Daily that the company is considering selling its luxury and consumer divisions as separate units. from The Business of Fashion https://ift.tt/8Pt12UK

Eytys Is Back From Bankruptcy

Max Schiller is relaunching the cult Swedish label after bringing on his brother, Acne Studios co-owner Mikael Schiller, as investor and chairman of the board. from The Business of Fashion https://ift.tt/ncuA0MZ

Akt London, Yse Beauty and Ruka Are the Winners of The Business of Beauty Global Awards Breakthrough Track

Akt London, Yse Beauty and Ruka were the young brands that captured the Global Awards jury’s attention. from The Business of Fashion https://ift.tt/ZQrRB7E

Report: Kering to Name Renault Boss Luca de Meo CEO

The French luxury giant is planning to shake up its leadership amid a share price slump, according to Le Figaro. from The Business of Fashion https://ift.tt/OPZV7UR

Beauty Industry Giant Leonard Lauder Dies at 92

The pioneering beauty executive who built the Estée Lauder Companies into one of the world’s biggest cosmetics makers died on June 14 surrounded by family. from The Business of Fashion https://ift.tt/S325Tln

This Week: Fashion Tries to Ignore the News

The industry’s newfound political neutrality is being tested. Meanwhile, fresh retail sales figures and trade negotiations will clarify the outlook for the rest of the year. from The Business of Fashion https://ift.tt/znSWN4e

Five Years After George Floyd: Can Fashion Still Stand for Something?

In 2020, fashion pledged solidarity and systemic change. Now, as political tides have turned, only a few brands are willing to speak up — or follow through. from The Business of Fashion https://ift.tt/O1i5WGM

Port of LA Imports Drop 19% in May as Tariffs Hit US Businesses

The drop in port activity came as importers and retailers — especially those with business in China — grappled with the uncertainty of Trump’s trade war. from The Business of Fashion https://ift.tt/UFbcB0k

Comme des Garçons Opens First Latin American Flagship

The store in São Paulo, Brazil, will serve as the launchpad for the brand’s regional expansion. from The Business of Fashion https://ift.tt/MFy6DQn

Sunscreen to Shoppers: Pick Your Poison

As unchecked facts infiltrate the health and wellness market, indie sunscreen brands are burning out on misinformation — and getting heated in the comment section. from The Business of Fashion https://ift.tt/8esmcH6

Lead EU lawmaker on sustainability laws proposes more cuts

A European Parliament member is pushing for further reductions in the number of companies subject to EU environmental and corporate sustainability rules, aiming to boost European competitiveness by cutting compliance costs. from The Business of Fashion https://ift.tt/GcyIsLC

What’s Driving the Filipina Influencer Takeover

While creators from the Philippines have always played on the world stage, a new flock of social media stars prove that their influence is only growing. from The Business of Fashion https://ift.tt/LxCDdyi

Who Would Pay $20,000 For a Hamburger Ring?

Plenty of people, it turns out. And they want ruby fruit pendants, 18 karat gold slinky-shaped bracelets and amethyst-and-jade camp necklaces too, as funky designs shake up the fine jewellery category. from The Business of Fashion https://ift.tt/j6H7UJe

The Business of Beauty Global Forum: Hailey Bieber Is Just Getting Started

In Napa Valley, California, Bieber made her first public appearance discussing this year’s biggest beauty M&A deal so far. from The Business of Fashion https://ift.tt/Pjyx7VG

Can Stitch Fix Revive Its Subscription Box Model?

Under chief executive Matt Baer, the company has placed an emphasis on personalisation and purchase flexibility. The strategy appears to be working; Stitch Fix posted revenue growth for the first time Tuesday after 12 consecutive quarters of topline contraction. from The Business of Fashion https://ift.tt/O8glIhN

The Business of Beauty Global Forum: Inside the Industry

Now in its third year, The Business of Beauty Global Forum kicked off its second day with conversations around community, culture and brand-building, featuring E.l.f. CEO Tarang Amin, influencer Mikayla Nogueira and Pattern Beauty founder Tracee Ellis Ross. from The Business of Fashion https://ift.tt/xhqMPK9

The Business of Beauty Global Forum: Tracee Ellis Ross on Community and the Power of Celebrating Differences

Concluding the second session of The Business of Beauty Global Forum, the actress and Pattern Beauty founder spoke with BoF founder Imran Amed about the genesis of her brand and how she was able to create a business that’s rooted in its customers’ underserved needs. from The Business of Fashion https://ift.tt/YA9f5pJ

The Independents Acquires Culinary Studio We Are Ona

The conglomerate’s latest acquisition marks its entry into the culinary space. from The Business of Fashion https://ift.tt/veulCDf

Attorney for Deported Makeup Artist: If ‘It Could Happen to Him … It Could Happen to You.’

Lindsay Toczylowski, whose client Andry José Hernández Romero has not been heard from since his deportation to El Salvador in March, forcefully defended the rule of law in a talk at The Business of Beauty Global Forum. from The Business of Fashion https://ift.tt/8s9V1BM

L’Oréal to Acquire British Skincare Brand Medik8

The world’s biggest beauty company has acquired a majority stake in the English premium skin care line known for its science-backed serums. from The Business of Fashion https://ift.tt/ZGgeCwj

Opinion: A Luxury Travel Bubble Is Swelling

Hotels and airlines are chasing aspirational vacationers willing to shell out big bucks. What happens when they stop? from The Business of Fashion https://ift.tt/CTf1qUs

Why Chanel Is Getting Into the Recycling Business

The French luxury giant is launching a new circularity focused venture with investments in waste management and recycling companies, much as it has bought up top-end ateliers in a decades-long push to future-proof its supply chain. from The Business of Fashion https://ift.tt/y8HhYpB

The State of Fashion: Beauty Report — Solving the Growth Puzzle

Beauty’s era of effortless growth is giving way to a more complex landscape. Download the second volume of BoF and McKinsey & Company’s industry report to learn how to navigate evolving consumer expectations, market deceleration and regional volatility in the years ahead. from The Business of Fashion https://ift.tt/dl2HC8E

This Week: Are Tariff Price Hikes Finally Here?

US inflation data will offer a first read on the impact of Trump’s trade policy. Plus, The Business of Beauty Global Forum 2025. from The Business of Fashion https://ift.tt/DhyAcqB

Why Fashion Brands and Wealthy Americans (Still) Love London

The British economy may be in the doldrums, but London remains a magnet for international fashion brands and American tourists, writes Imran Amed. from The Business of Fashion https://ift.tt/TWrvtyU

How to Revive a Sleeping Beauty Watch Brand

A group of investors is reviving the Danish watch company Urban Jürgensen, a 250-year-old name revered by connoisseurs but largely unknown outside that bubble. from The Business of Fashion https://ift.tt/kWFP6Sm

Fashion’s Musical Chairs Ends — With Men in Almost Every Seat.

There’s no denying that the biggest luxury brands badly need a creative reboot. But while the designers who got the top jobs are more than qualified, the lack of female representation speaks to deficiencies in how the industry considers its talent pipeline, writes Imran Amed. from The Business of Fashion https://ift.tt/9PXtNVT

The BoF Podcast | Lessons in World-Building: How Emily Oberg Created Sporty & Rich

Founder Emily Oberg discusses her entrepreneurial journey from Calgary to Los Angeles, transforming her passion for fashion and wellness into the cult lifestyle brand Sporty & Rich. from The Business of Fashion https://ift.tt/EfL3mxr

Gucci Owner Kering in Talks to Sell Stake in $1 Billion Fifth Avenue Property, Sources Say

The Italian luxury conglomerate is looking to sell a stake in a prestigious Fifth Avenue building it purchased last year as part of its strategy to cut costs amid heavy debts and sagging consumer demand, Reuters reported. from The Business of Fashion https://ift.tt/zHgyhJX

Lululemon Cuts Annual Profit Forecast as Demand Slows, Tariffs Weigh

Despite new product offerings, the activewear brand is still struggling to keep up with growing competitors like Alo Yoga and Vuori. from The Business of Fashion https://ift.tt/QxhpKYN

Prada Acquires 10% Stake in Italian Leather Group Rino Mastrotto

Under the deal, the Renaissance Partners-backed leather group will receive two tanneries and a cash investment of unspecified value. from The Business of Fashion https://ift.tt/DwIvHg1

Korean Beauty Start-Ups Bet Booming US Demand Outlasts Tariff Pain

South Korean cosmetic start-ups like Beauty of Joseon, Torriden and d’Alba are in talks with major US retailers to expand their brick-and-mortar presences in the world’s biggest consumer market. from The Business of Fashion https://ift.tt/12r56Ot

Report: L’Oréal Poised to Acquire British Skincare Brand Medik8

According to a report in the Financial Times, the French cosmetics giant is close to finalising a roughly $1.1 billion deal for the British premium skincare brand. from The Business of Fashion https://ift.tt/f6vKgPR

Is Nike Finally Winning With Women?

With bold marketing, a revamped leadership team under new brand president Amy Montagne, and star power from A’ja Wilson, Nike’s long-promised women’s push is starting to stick. from The Business of Fashion https://ift.tt/x9mOMRS

Longtime Beauty Editor Jane Larkworthy Dies at 62

The journalist was best known for her tenure as beauty director of W Magazine before becoming a columnist for New York Magazine and Air Mail Look. from The Business of Fashion https://ift.tt/p7txhFE

The New Rules of Brand Ambassadorship

As the influencer economy matures, brands are shifting their focus from star power to strategic alignment. A new report from Launchmetrics — “Brand Ambassador Marketing 2025” — reveals how resonance — not reach — is now defining success. from The Business of Fashion https://ift.tt/jbXv65D

Case Study | The New Rules for Getting Acquired

Securing an exit at a desirable valuation has gotten harder for start-ups in recent years. But brands with strong growth strategies and loyal followings can still attract buyers that will maintain their integrity while taking their businesses to the next level, regardless of economic conditions. from The Business of Fashion https://ift.tt/HedTF4K

Nike CEO Finishes C-Suite Makeover With McDonald’s Executive

CEO Elliott Hill tapped Michael Gonda to lead communications amid turnaround efforts for the world's largest sportswear brand, Bloomberg reported. from The Business of Fashion https://ift.tt/ydu23Jz

How Raisefashion Helps BIPOC-Owned Brands Navigate Fashion’s New Realities

Designers from RaiseFashion’s third annual masterclass are balancing their creative vision and purpose against new industry realities and consumer demands. BoF learns from three designers — each with a focus on community — on how they’re scaling their businesses against this backdrop. from The Business of Fashion https://ift.tt/f4tWAzY

Coach’s Hit Handbag Shows How Less-Expensive Luxury Is Gaining Ground

Masstige brands are outperforming expectations while luxury and fast fashion continue to struggle. from The Business of Fashion https://ift.tt/yLwQNfO

Beautycounter Set to Return With New Name and Look

The clean beauty label was bought back from a private equity firm last year by founder Gregg Renfrew, and will relaunch as Counter on June 25. from The Business of Fashion https://ift.tt/mqavGWR

This Week: Reviving the Sustainable Fashion Movement in Copenhagen

The 16th Global Fashion Summit comes as advocates for a greener, more humane fashion industry find themselves on the defensive. from The Business of Fashion https://ift.tt/tFrz92R