Media Hype

The European Union started work on setting its 2040 climate goals, signaling future policies would require greener consumer lifestyles and more effort from businesses across the economy to meet climate neutrality by the middle of the century. from Business of Fashion https://ift.tt/latrRs4

Sales growth has slowed sharply after a two-year surge. But analysts expect the American luxury market to bounce back soon, as brands open more stores and adapt their offer to changing tastes. from Business of Fashion https://ift.tt/NZIftVP

Southern California’s garment factories are facing scrutiny for underpaying workers who make clothing for some of the nation’s top retailers, including Nordstrom Inc. and Dillard’s Inc. from Business of Fashion https://ift.tt/QSbr0Oq

A year into chairing the world’s biggest fashion retailer, Marta Ortega is trying to shake up Zara owner Inditex’s fast-fashion image and draw in more aspirational shoppers. from Business of Fashion https://ift.tt/y7Gs53q

Demand for leggings and sweats may have peaked, but the pandemic’s comfort-first aesthetic is hardly dead. It’s simply mutating into something else: a yet-to-be-named category that incorporates stretch and softness into a staggering number of fashion staples, from trousers to jumpsuits. from Business of Fashion https://ift.tt/DHd2pgT

The beauty retailer plans to launch its assortment of beauty with the Amazon-owned shoe and fashion company this summer. from Business of Fashion https://ift.tt/KWBi2Rq

Sergio Azzolari is joining Roberto Cavalli as its new CEO, effective April 2, the Italian brand said Thursday. The CEO of DSquared since 2017, Azzolari previously held roles at Tod’s, Luxottica, and Missoni. from Business of Fashion https://ift.tt/bUXprWD

Group CEO Daniel Zhang said the company’s breakup into separate businesses will allow its units to become more agile and eventually launch their own initial public offerings (IPO). from Business of Fashion https://ift.tt/hyzsn80

A year after making a splash in the shapewear market, Yitty is expanding its product offering to underrepresented gender identities and ramping up its customer engagement efforts. from Business of Fashion https://ift.tt/v5jbRzr

Cosmoprof Worldwide returned this March, attracting 2,980+ exhibiting companies from 64 countries. Now, BoF shares its insight on the key trends of the event. from Business of Fashion https://ift.tt/lU2Do8G

Forma Brands, the bankrupt owner of the Morphe makeup brand, reached an agreement with lenders Jefferies Finance LLC and Cerberus Capital Management to be acquired in exchange for $690 million in debt relief, according to a court filing. from Business of Fashion https://ift.tt/SKNU1HD

“Adidas will withdraw its opposition to the Black Lives Matter Global Network Foundation’s trademark application as soon as possible,” the company said in a statement, without giving a reason for the decision. from Business of Fashion https://ift.tt/NVZxklq

Sales of megabrands like Louis Vuitton and Hermès continue to surge, but calculating ubiquity is more complex than it seems, writes Luca Solca. from Business of Fashion https://ift.tt/XF5ofp2

The American retailer confirmed Tuesday that it has eliminated less than 3 percent of its corporate headcount as part of reorganisation efforts. from Business of Fashion https://ift.tt/dyHKY0f

Lululemon Athletica Inc forecast annual sales and profit above Wall Street estimates on Tuesday, betting that demand for its pricier yoga wear and athleisure clothing would hold strong even as inflation drags consumer spending. from Business of Fashion https://ift.tt/nVSwmf3

Alibaba Group is planning to split into six units and explore fundraisings or listings for most of them, it said on Tuesday, in a major revamp as China vows to ease a sweeping regulatory crackdown and support its private enterprises. from Business of Fashion https://ift.tt/5rVFTQg

International buyers and talent scouts must cast their nets wider than the usual fashion week incubators, prizes and schools to find the country’s next crop of emerging brands. from Business of Fashion https://ift.tt/cGt6XPC

Burberry is paying €21 million to acquire a business unit from longstanding supplier Pattern, allowing the company to bring product development for technical outerwear in-house. from Business of Fashion https://ift.tt/cX7UMwR

What innovations should executives prioritise to ensure no customer is left behind in the downturn? Maju Kuruvilla, CEO of Bolt and previously a VP/GM at Amazon, shares his experience in driving growth through technology in turbulent markets, his insight on the channels that matter and why customer centricity is more critical than ever. from Business of Fashion https://ift.tt/nTWuCEY

Bluestar Alliance, a US brand management company, said on Monday it has acquired the Scotch & Soda clothing brand from its Dutch owner for an undisclosed sum. from Business of Fashion https://ift.tt/yEJAhIz

Join us on Thursday, April 13 at 16:00 BST / 11:00 EDT for a special #BoFLIVE Masterclass unpacking our latest case study The Complete Guide to Managing Markdowns with BoF retail correspondent Cathaleen Chen. from Business of Fashion https://ift.tt/FtXZwmv

The Pay Your Workers coalition said international brands should commit to pay suppliers on time, take steps to address wage theft and make sure factories don’t reopen until they are safe. from Business of Fashion https://ift.tt/clx5Awg

The art of making perfume has changed thanks to a number of new technologies from lab-grown ingredients to artificial intelligence. from Business of Fashion https://ift.tt/KS1TLas

Offloading excess merchandise has never been more complex and critical for every brand and retailer, regardless of their size or category. BoF examines the best practices along every stage of the process, from planning to liquidation. from Business of Fashion https://ift.tt/wpCbdZu

House of Representatives Speaker Kevin McCarthy said on Sunday lawmakers will move forward with legislation to address national security worries about TikTok from Business of Fashion https://ift.tt/7alPnxc

The final season of HBO’s drama isn’t the only reason the discreet style of the ultra rich is a topic of conversation again. That, plus what else to watch for this week. from Business of Fashion https://ift.tt/5T6lLgB

TikTok chief executive officer Shou Chew’s attempts to win over Congressional lawmakers Thursday failed. But the more crucial fight to prevent the short-video app from being punished or banned is likely to play out in the US legal system. from Business of Fashion https://ift.tt/Qqglrbi

The superstar musician, who is set to embark on her first world tour in four years this summer, has collaborated with Balmain’s creative director on a couture collection. from Business of Fashion https://ift.tt/8W957pI

For its latest apparel collection, the brand will cap prices on items the faster they sell. The idea is to make fashion more accessible — and future inventory easier to plan. from Business of Fashion https://ift.tt/24aCiAF

At The BoF Professional Summit: An Inflection Point in Fashion Tech, the seasoned luxury executive explained why Gucci believes in the long-term potential of fashion and web3. from Business of Fashion https://ift.tt/aAb03Vv

Discover the most exciting career opportunities now available on BoF Careers — including jobs from Skims, PVH and Dr. Barbara Sturm. from Business of Fashion https://ift.tt/sncjGO2

Fashion brands will need to back up ‘green’ claims or risk fines of at least 4 percent of annual revenue in the offending market. But the regulations still leave a lot open to interpretation. from Business of Fashion https://ift.tt/seaGYiE

Bart, who has served as president of IMG Models for over 10 years, is leaving the top post at the company. from Business of Fashion https://ift.tt/0pgkACI

Last week, the French luxury group set a target to nearly halve its greenhouse gas emissions by 2035, for the first time setting absolute targets that would require it to decouple sales growth from environmental impact. 2022 proved how challenging this may be. from Business of Fashion https://ift.tt/lSrVwb5

From the way spirits are marketed to the success of celebrity-founded lines, alcohol offers a roadmap for standing out in a crowded market. from Business of Fashion https://ift.tt/rzJ8fkQ

Dries Van Noten, Charlotte Tilbury, Byredo… While reinforcing its position in designer fragrances, the Spanish owner of Paco Rabanne and Jean Paul Gaultier has diversified its business with an acquisition spree. CEO Marc Puig unpacks the strategy. from Business of Fashion https://ift.tt/zMpIe14

Buying the business out of administration would allow Frasers to grow in France “with some authority rather than opening store by store,” said chief executive officer Michael Murray. from Business of Fashion https://ift.tt/y2WF6Lk

Vying for attention from increasingly sophisticated consumers impacted by the downturn, fashion brands and retailers need to deliver exceptional in-store experiences. To discover how store interior design is innovating to increase sales and community engagement, BoF sits down with Invisible Collection co-founder Isabelle Dubern-Mallevays. from Business of Fashion https://ift.tt/Vy3vGYZ

Paris-based contemporary fashion group SMCP has named Elina Kousourna CEO of its second-biggest brand, Maje, moving the executive from its Fursac menswear division. from Business of Fashion https://ift.tt/t6sFV80

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Privately held retailer Scotch & Soda, which is based in Amsterdam, has filed a bankruptcy request for its Dutch operations, newspaper Het Financieele Dagblad (FD) reported on Monday, citing a company statement. from Business of Fashion https://ift.tt/Bz38svJ

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PDD Holdings Inc, which owns discount e-commerce platforms Pinduoduo and Temu, missed expectations on Monday for fourth-quarter revenue as China’s post-reopening consumer recovery remains patchy. from Business of Fashion https://ift.tt/c8WQRIU

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