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Op-Ed | Is Golden Goose Worth $3 Billion?

As it prepares to go public, the company is wooing investors as a luxury brand, but it looks more like Dr Martens, in that it’s reliant on a signature shoe style that risks falling out of fashion, argues Andrea Felsted. from Business of Fashion https://ift.tt/wTbiJCZ

Gap Lifts Annual Sales Forecast on Old Navy Strength, Shares Surge

The company’s turnaround strategy to lower promotions and focus on right product assortment is yielding results after weak growth last year due to lacklustre demand and supply chain issues. from Business of Fashion https://ift.tt/vpn3BK5

Swiss Watch Exports Post Surprise Jump After US Revival

Shipments rose 4.5 percent by value to 2.1 billion Swiss francs ($2.3 billion) in April from a year earlier, the Federation of the Swiss Watch Industry said Thursday. from Business of Fashion https://ift.tt/tabdJxB

Quira’s Veronica Leoni Named Creative Director of Calvin Klein Collection

The appointment of the LVMH-prize finalist and former design director at The Row signals a return to the runway for the US brand, which hasn’t had a marquee creative director since the departure of Raf Simons in 2018. from Business of Fashion https://ift.tt/YNv714k

The Fight for Influencer Marketing Dollars Heats Up

ShopMy, a four-year-old influencer monetisation platform, has attracted over 50,000 creators, making inroads in a space long ruled by incumbent player LTK. Tensions rose to new heights this week after LTK sued ShopMy for false advertising. from Business of Fashion https://ift.tt/kQLwuFT

CFDA/ Vogue Fashion Fund Names Finalists

The Council of Fashion Designers of America and Vogue announced the finalists for the 20th edition of the CFDA/Vogue Fashion Fund award. from Business of Fashion https://ift.tt/FIf9u6U

Abercrombie Raises Outlook, Extending ‘90s Fashion Comeback

The retailer’s revenue rose for the sixth straight quarter to $1 billion. from Business of Fashion https://ift.tt/4h1wRko