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Showing posts from April, 2023

Why Many Y2K Beauty Brands Aren’t Benefiting From the Y2K Trend

Fashion labels like Marc Jacobs have capitalised on the Y2K trend with rebooted brands and products. But beauty brands of the era, like Laura Mercier and Philosophy need more than nostalgia to capture Gen-Z’s attention. from Business of Fashion https://ift.tt/ar8VbqB

Superdry in Talks to Raise Nearly $19 Million in Share Sale: Report

Struggling British fashion brand Superdry is said to be in advanced talks to raise about 15 million pounds ($18.9 million) by sale of shares, Sky News reported on Friday. from Business of Fashion https://ift.tt/KIvM2jJ

Adidas Hit With Investor Suit Over Broken Ye Partnership

Adidas was sued by investors who claim the German sports giant knew about risks of its partnership with the rapper known as Ye long before his anti-Semitic comments were made public. from Business of Fashion https://ift.tt/02bDRYT

Quiet Luxury Has No Place at the Met Gala

An event built on viral moments is unlikely to move the discourse around stealth wealth forward. Plus, what else to watch for this week. from Business of Fashion https://ift.tt/IsUJ0Fk

Apparel Factories in Vietnam Struggle With US Ban on Xinjiang Cotton

Tighter US rules to ban imports from China’s Xinjiang are compounding pressure on Vietnam’s apparel and footwear makers. from Business of Fashion https://ift.tt/FatvgKX

The Best Jobs on BoF Careers

Discover the most exciting career opportunities now available on BoF Careers — including jobs from H&M, Axel Arigato and Simkhai. from Business of Fashion https://ift.tt/HOBNSqk

Why the Garment Business Is Still a Dangerous One for Workers

Ten years on from Rana Plaza, factory fires and other safety failings still kill and injure hundreds of people working in the textile industry every year. from Business of Fashion https://ift.tt/iKJLhQl

Amazon Reports Quarterly Revenue Above Estimates

Amazon Inc reported first-quarter revenue above Wall Street estimates on Thursday, helped by resilient demand for online shopping and its cloud services businesses. from Business of Fashion https://ift.tt/39vXeuj

Bored Ape’s New Boss Seeks to Revive NFTs Through Gaming, Events

For Daniel Alegre, the former Activision Blizzard Inc. executive who joined Yuga as chief executive officer last month, NFTs still have a bright future by serving as a room key to a world of gaming, events and e-commerce. from Business of Fashion https://ift.tt/YVdj2hz

BoF LIVE | The Lifestyle Era: Luxury’s Opportunity in Home and Hospitality

Please join us on Tuesday, May 2 at 17:00 BST / 12:00 EDT for the latest BoF Masterclass, when BoF Insights’ associate director of research & analysis Rawan Maki and senior research lead Benjamin Schneider are joined by Fflur Roberts, head of global luxury goods research at Euromonitor International, and TBD, reveal key findings from the newly launched report, The Lifestyle Era: Luxury’s Opportunity in Home and Hospitality, on the $4.3 trillion global sector. from Business of Fashion https://ift.tt/rkFtGuN

Cargo Pants Are Back, But Not the Ones Your Dad Wore

In parachute pants, celebrities and TikTok influencers have dusted off another half-forgotten trend. What started as a rebellion against skinny jeans is taking some odd turns. from Business of Fashion https://ift.tt/oONzqPM

Is Mass Appeal Even Possible Anymore?

Brands like Maybelline and Budweiser face fallout when appealing to Gen-Z’s diverse, gender fluid values. But as younger shoppers get older, big corporations have to get comfortable with catering to fragmented audiences – unless they just tap Alix Earle. from Business of Fashion https://ift.tt/yWSHfwg

Tiffany, Dior: Understanding the New Model for Luxury Flagships

There are stores, there are flagships, and then there are mega projects like Dior’s Avenue Montaigne, Chanel’s Rue Cambon and Gucci’s Garden that go a step further in driving revenue and creating a lasting impression with shoppers. On Friday after a four-year renovation, Tiffany will make its case to be added to that list. from Business of Fashion https://ift.tt/YwiVx4n

Rains: How A Scandi Outerwear Label Tapped Into Minimalist Branding’s Mass Appeal

Rains founders Philip Lotko and Daniel Brix successfully turned rainwear into a €71 million business. Now, they have ambitions to take their 10-year-old label to the next level and spur sales to surpass the €200 million mark over the next four years. from Business of Fashion https://ift.tt/XQHvShk

Paper Magazine Lays Off Entire Editorial Team

It is unclear whether the publication will remain in operation in the near term, sources say. from Business of Fashion https://ift.tt/Jgrso2z

Germany’s Symrise Q1 Sales Rise as Demand Stays Strong

German flavour and fragrance maker Symrise on Wednesday posted a jump in first-quarter sales broadly in line with forecasts, citing robust demand across the board as it continued to offset inflation with increased prices. from Business of Fashion https://ift.tt/BglM3sf

Tom Ford Drops Surprise Swansong Collection

The collection is comprised of re-issues of Ford’s favourite looks from the past 13 years. from Business of Fashion https://ift.tt/IDshZO2

Kirsten Green, Gabby YJ Chen, Manoj Dias, Sharareh Siadat and Schuyler Bailar to Speak at The Business of Beauty Global Forum 2023

Join the global livestream on May 30 and 31, 2023 to unlock essential learnings, challenge conventional thinking, inspire innovation and reimagine the future of the global beauty and wellness industry. from Business of Fashion https://ift.tt/ECjAgU9

SMCP’s Bondholders Expect Initial Bids for Their Stake by Mid-May

Bondholders in French fashion group SMCP, the owner of labels such as Sandro and Maje, are expecting first-round, non-binding bids for their 37 percent stake in the company by mid-May. from Business of Fashion https://ift.tt/kitzT7F

Ferragamo CEO Gobbetti’s Pay Backed by Shareholders Despite Criticism

Salvatore Ferragamo shareholders gave the green light to its proposed remuneration policy, which gives the luxury goods group’s chief executive officer a bumper pay package, despite a recommendation from the world’s top two proxy advisers to vote against it. from Business of Fashion https://ift.tt/IZqtCpn

‘I Have an Invisible Disability Myself’: Edward Enninful and Sinéad Burke on Their Fashion Revolution

How do you shake up a homogeneous industry? The editor and the fashion activist explain why they brought a daring, dynamic vision of disability to Vogue. from Business of Fashion https://ift.tt/Bnox1Ks

Heritage Porcelain Brand Ginori 1735 Enters Lifestyle

During Salone del Mobile, Ginori 1735 unveiled its redesigned Milanese flagship store — the latest iteration of the 300-year-old business’ strategic move into the lifestyle market. BoF sits down with Ginori 1735′s brand and product director Annalisa Tani to learn more. from Business of Fashion https://ift.tt/soDEbgU

Kering Sales Edge Up 1%, Lagging Rivals

Sales at French luxury group Kering rose by just 1 percent in the first quarter, as star label Gucci benefited less than rivals from a rebound in China, and revenues fell sharply in the US. from Business of Fashion https://ift.tt/0SdjQpC

Start-Up E-Commerce Platform Temu Expands to Europe

Ultra-low-cost e-commerce platform Temu, owned by PDD Holdings, has started selling to European markets, including France, Germany, Italy, The Netherlands, Spain and the United Kingdom. from Business of Fashion https://ift.tt/xTu2Dz3

L’Oréal Q1 Sales Rise 13%, Lifted by US, Europe

L’Oréal reported a 13 percent rise in first-quarter sales, beating expectations thanks to strong business in the US and Europe as shoppers shrugged off rising prices, but said it had not benefited yet from the end of Covid-19 curbs in China. from Business of Fashion https://ift.tt/nUNirQM

Levi’s Looks to Cut Denim’s Water Impact Where It Most Counts

The jeans maker is among a group of fashion brands coming around to location-specific water reduction targets. from Business of Fashion https://ift.tt/nmkb5fy

Primark Under Pressure From Inflation and Weak Sterling

Primark’s margin shrank to 8.3 percent in the first half from nearly 12 percent a year earlier, owner Associated British Foods Plc said Tuesday. from Business of Fashion https://ift.tt/rNY9ATw

Why Trousers Keep Getting Weirder

In parachute pants, celebrities and TikTok influencers have dusted off another half-forgotten trend. What started as a rebellion against skinny jeans is taking some odd turns. from Business of Fashion https://ift.tt/vwJseOQ

Authentic Brands Group Acquires Vince IP

The licensing group — which also owns Brooks Brothers and Juicy Couture, among others — will have a majority stake in a new Vince entity, with will license the brand back to Vince to operate its existing wholesale, retail and online business. from Business of Fashion https://ift.tt/BKpCj80

LVMH’s Market Value Exceeds $500 Billion, a First in Europe

LVMH’s market value surpassed $500 billion, becoming the first European company to reach that milestone, thanks to booming sales of luxury goods in China and a strengthening euro. from Business of Fashion https://ift.tt/KMFfSxq

How to Demonstrate Transferable Skills in Fashion

Chief people officers, fashion executives and career coaches share how applicants outside of the fashion talent pool can effectively demonstrate transferable skills and acumen. from Business of Fashion https://ift.tt/WXlRuyM

Why Fashion Can’t Kick Its Cowboy Obsession

From Coachella to Paramount’s hit TV show Yellowstone, the Western look has become ubiquitous in mainstream culture. The trend, stakeholders say, was driven by the pandemic and shifting political views. from Business of Fashion https://ift.tt/42wzn7R

Beauty Brands Are Rediscovering an Old-School Way to Sell Their Products

Indie brands that used to rely on Instagram ads and TikTok influencers to spread the word are hiring traditional sales reps who trek from store to store promoting their wares. from Business of Fashion https://ift.tt/7vbg0oa

Why Gen-Z Loves Dupes

Copycat products have shaken up the beauty industry as young consumers eat up inexpensive alternatives hawked on TikTok. from Business of Fashion https://ift.tt/Gh2mfie

How to Avoid Another Rana Plaza | Case Study

In the wake of 2013’s deadly factory collapse in Dhaka, more than 200 brands signed the Bangladesh Accord, a legally binding safety pact. As the agreement expands internationally, BoF unpacks why it’s widely viewed as fashion’s most effective safety campaign, how it can help brands address new sustainability regulation and what limitations remain. from Business of Fashion https://ift.tt/wND1YcM

BoF Insights Gathers Executives During Milan Design Week to Share Insights From Lifestyle Research

At an executive briefing during Milan Design Week for the launch of the latest BoF Insights report, Design Holding’s CEO Daniel Lalonde, La Double J founder JJ Martin and Isabelle Dubern-Mallevays, co-founder of the Invisible Collection, discuss the growing opportunities in the home design and hospitality space for fashion and beauty brands. from Business of Fashion https://ift.tt/SXuYOnV

Bed, Bath & Beyond Plans to Swiftly Liquidate, Shutter Stores

Bed Bath & Beyond Inc., the big-box retailer that for decades provided essential shopping for college dorms, wedding gifts and new homes, will close all of its stores and liquidate inventory over the next two months after its turnaround failed. from Business of Fashion https://ift.tt/N5m0F96

Fashion Marks Rana Plaza’s 10th Anniversary

The fashion industry’s treatment of garment workers in the decade since the deadly building collapse will come under fresh scrutiny in a busy week that also includes Kering’s latest financial results and the reopening of Tiffany’s Manhattan flagship. from Business of Fashion https://ift.tt/Sil0bYH

Lacoste Bets on New Store Concept to Propel Sales to €4 Billion

After sales hit €2.5 billion last year, the French heritage label known for its crocodile-logoed polos is looking to its new ‘Lacoste Arena’ retail concept to help power its next chapter of growth. from Business of Fashion https://ift.tt/XYdfIp4

Why Are Fashion Brands Piling Into Homeware?

The Salone del Mobile design fair has become such an important platform for fashion brands that, this week, Bottega Veneta closed its flagship on Milan’s Via Montenapoleone and transformed it into an art installation. from Business of Fashion https://ift.tt/sYpOGke

Luxury Resale Platform Cudoni Shuts Down

The London-based start-up said the current economic climate had made it “impossible” to continue doing business. from Business of Fashion https://ift.tt/I2Hue8L

Kirsten Green, Gabby YJ Chen, Manoj Dias, Sharareh Siadat and Schuyler Bailar to speak at The Business of Beauty Global Forum 2023

Join the global livestream on May 30 and 31, 2023 to unlock essential learnings, challenge conventional thinking, inspire innovation and reimagine the future of the global beauty and wellness industry. from Business of Fashion https://ift.tt/C5Y97th

Can a Cannabis Brand Sell High Fashion?

With its hit fleeces and edibles, Sundae School has made a name for itself as a “smokewear” label. With its first runway show, the brand is looking to establish itself as a fashion force, too. from Business of Fashion https://ift.tt/t5bYoiV

Ferragamo Sales Decline Slightly in Q1 as US Weighs

Sales at Italian luxury group Salvatore Ferragamo declined by 6.5 percent at constant exchange rates in the first quarter, hit by a slowdown in the US market, the company said on Thursday. from Business of Fashion https://ift.tt/zf5OdZq

Can A-List Estheticians Build Viable Beauty Brands?

As more skin care experts launch their own brands, leaning on a roster of A-list clientele may not be enough to scale. from Business of Fashion https://ift.tt/TXeYk38

Farfetch Taps TikTok Exec Nick Tran for CMO Role

Tran will oversee the global marketing activities of the company’s luxury e-commerce marketplace, reporting into chief marketplace officer Edward Sabbagh. from Business of Fashion https://ift.tt/sIW70yY

Coach Tests ‘Circular’ Coachtopia Sub-Brand

The American accessories giant says the line will serve as lab to develop new design and production models, starting with a capsule that features patchworked products made from manufacturing scraps. How the project will scale remains unclear. from Business of Fashion https://ift.tt/sO54D6m

‘Better’ Materials Aren’t Enough to Dent Fashion’s Climate Impact

Fashion brands are sourcing more recycled polyester, certified cotton and deforestation-free viscose than ever, but emissions from the industry’s raw material supply chain have bounced back from pandemic lows. from Business of Fashion https://ift.tt/ESaerW9

Fear of God Celebrates Freedom — and Elevated Basics — at Debut Show

Designer Jerry Lorenzo unveiled his eighth collection at the Hollywood Bowl Wednesday, with looks from his long-awaited partnership with Adidas. from Business of Fashion https://ift.tt/iOG9Ifj

Gucci Milan Site Inspected in EU Antitrust Inquiry

European Union antitrust regulators have started inspecting a facility of luxury goods company Gucci as part of an EU investigation spanning several countries, Gucci’s French owner Kering said on Wednesday, confirming a Reuters report. from Business of Fashion https://ift.tt/mgxX81Y

L’Oréal Q1 Sales Rise 13%, Lifted by US, Europe

L’Oréal reported a 13 percent rise in first-quarter sales, beating expectations thanks to strong business in the US and Europe as shoppers shrugged off rising prices, but said it had not benefited yet from the end of Covid-19 curbs in China. from Business of Fashion https://ift.tt/IxLROXD

Zegna’s Made-To-Measure Business Is Getting a Tech Upgrade

Its new digital tool makes it easier for clients to customise products in any combination of colours and fabrics they like, as long as they don’t try to mix a pink jacket with yellow pants. from Business of Fashion https://ift.tt/zkKgNmc

Uniqlo’s $20 Shoulder Bag Tops Lyst Index of Fashion’s Hottest Products

It comes after the bag went viral on TikTok, generating 59 million views on platform. from Business of Fashion https://ift.tt/7ehKckx

Can Amina Muaddi Build an Enduring Business Off Her Sell-Out Shoes’ Hype?

The brand is opening a permanent shop at Harrods, testing the physical retail waters with an eye to opening a stand-alone store. It’s just one part of a larger strategy to gear the label up for its next stage of growth, the designer said. from Business of Fashion https://ift.tt/czNl6Yd

Cucinelli Posts 33% Rise in Q1 Sales, Confirms 2023 Revenue Growth Forecast

Sales at Italian luxury group Brunello Cucinelli rose 33% at constant exchange rates in the first quarter, driven by strong growth in the Americas and a rebound in Asia. from Business of Fashion https://ift.tt/5qedAoF

Wealthy Chinese Flock to High-Octane Shopping Hubs

Luxury brands could see an uplift in destinations like Dubai, Singapore and Australia’s Gold Coast as China’s second outbound tourism wave gets underway. from Business of Fashion https://ift.tt/yvN2T8d

Push for Faster Fashion Squeezes European Manufacturers

Big brands have stepped up sourcing in Europe over the last few years, but the push for faster fashion has come at the expense of European manufacturers and their workers, a new report finds. from Business of Fashion https://ift.tt/yucC6EA

With a Kylie Jenner Cover, HommeGirls Starts Its Next Chapter

The independent magazine and brand initially launched by Thakoon Panichgul as a passion project after a pause on his Silas Chou-backed label is aiming to broaden its audience and stake out growth. from Business of Fashion https://ift.tt/SoqzmFw

THG Shares Soar After Retailer Confirms Apollo Takeover Bid

THG Plc shares soared as much as 47 percent after the embattled UK online retailer said it received a non-binding acquisition proposal from Apollo Global Management Inc. from Business of Fashion https://ift.tt/6a5jHow

Inditex’s Zara and Oysho Join BoF Careers

Check out this week’s new partners and openings on BoF Careers, the global marketplace for fashion talent. from Business of Fashion https://ift.tt/YptriNQ

African Sneaker Brands Go Global

Big hitters and scrappy start-ups in Kenya, Nigeria, Senegal and South Africa are vying for a share of the $152 billion global sneaker market. from Business of Fashion https://ift.tt/bBwK7UH

How Beauty Brands Can Pick the Right Retail Partner

With a growing number of retailers looking to stock cosmetics, skin care and more on their shelves, brands have to think harder about which partner fulfils their needs. from Business of Fashion https://ift.tt/WP7XoVq

Pangaia to Cut up to a Third of Jobs in Swiss Move

The brand will cut as many as 50 jobs as it moves its headquarters from London to Switzerland. from Business of Fashion https://ift.tt/c9pX6yf

The Recession That Wasn’t?

China’s economy is ramping up just as America’s is slowing down, giving global brands some options to navigate a downturn. That, plus what else to watch for this week. from Business of Fashion https://ift.tt/zs0OqDJ

Robert Triefus Is Leaving Gucci

He helped define Gucci’s brand strategy and recently began overseeing its web3 and gaming efforts. from Business of Fashion https://ift.tt/w2oq7K8

What the Quiet Luxury Trend Means for Sustainability

The understated allure of classic, high quality pieces dovetails with conscious consumption calls to buy less, but better. But brands are treating the idea as just another excuse to sell more clothes. from Business of Fashion https://ift.tt/pSIE4fU

What Fashion’s E-Commerce and Tech Professionals Need to Know Today

BoF Careers provides essential sector insights for fashion's technology and e-commerce professionals this month, to help you decode fashion’s commercial and creative landscape. from Business of Fashion https://ift.tt/XEI1AVB

The Best Jobs on BoF Careers

Discover the most exciting career opportunities now available on BoF Careers — including jobs from Kering, Acne Studios and Elite Model Management. from Business of Fashion https://ift.tt/Nj9q8JF

Britain’s Superdry Considering 20% Equity Raise

The group, whose shares have fallen 37 percent over the last year, also withdrew its profit guidance of “broadly breakeven” for its current year and is now forecasting revenue in the range of £615 million to £635 million ($771-$796 million). from Business of Fashion https://ift.tt/iHvIhTQ

Walmart Sells Menswear Brand Bonobos

The deal is the latest sign that Walmart’s efforts to move into the DTC sector has fallen short. from Business of Fashion https://ift.tt/s6L2kHp

Vogue Ukraine Returns to Print

Over a year after the Russian invasion of Ukraine, Vogue Ukraine is back in print with a new commemorative issue. Called “The Road of Unbreakable,” it features 50 different profiles of prominent Ukrainian individuals in its portfolio titled “Heroes.” According to the magazine, the edition was created to celebrate Ukraine’s “remarkable people” and their “invaluable contribution to the collective resistance.” from Business of Fashion https://ift.tt/Ecsjufb

BoF LIVE | The Evolving Art of Luxury Experiential Retail

On Thursday, April 20 at 17:00 BST / 12:00 EDT, please join BoF’s Director of Research & Analysis Diana Lee, along with Andrew Lutfy, chief executive of real estate developer Carbonleo and visionary of upcoming shopping district Royalmount; David Gester, chief development officer of L Catterton Real Estate; as they unpack what it takes for brands and retailers to thrive and explore the research findings along with our newly published report, The Evolving Art of Luxury Experiential Retail. from Business of Fashion https://ift.tt/o8HONdu

LVMH Strengthens Tiffany & Co.’s Manufacturing Capabilities With New Acquisition

The luxury goods conglomerate has purchased a majority stake in Platinum Invest Group, a France-based jewellery manufacturing group that owns five workshops including Orest and Abysse. from Business of Fashion https://ift.tt/fniOqBp

Amazon Joins Generative AI Race, Targets Tech at Cloud Customers

Amazon Inc. is joining Microsoft Corp. and Google in the generative artificial intelligence race, announcing technology aimed at its cloud customers as well as a marketplace for AI tools from other companies. from Business of Fashion https://ift.tt/g0AXnCy

Beauty’s ”Ageing” Rebrand That Never Was

Euphemisms like “pro-aging” and “anti anti-aging” exist to obscure the fact that the beauty industry is selling the same creams and tonics meant to enhance one’s appearance. It may be time for a new approach. from Business of Fashion https://ift.tt/TX28Ce4

Universal Standard Acquires Plus-Size Workwear Brand Henning

The label founded by Lauren Chan will fold into the larger direct-to-consumer retailer and Chan will join the company as head of brand partnerships. from Business of Fashion https://ift.tt/SNUibFT

How AR Can Innovate the Path to Purchase

BoF and Snap invited market leaders, including executives from Louis Vuitton, Christian Louboutin, Jacquemus and Paco Rabanne, to discuss how to connect consumers to new forms of creativity, while investing in the channels and functionality that drive the bottom line. from Business of Fashion https://ift.tt/cVhse5D

Michael Jordan’s Air Jordans Break Sneaker Auction Record

A pair of red-and-black Air Jordan 13 sneakers worn by basketball superstar Michael Jordan sold for $2.2 million on Tuesday, setting a new record for most valuable sneakers sold at auction. from Business of Fashion https://ift.tt/3KB9i4M

Michael Jordan’s Air Jordans Break Sneaker Auction Record

A pair of red-and-black Air Jordan 13 sneakers worn by basketball superstar Michael Jordan sold for $2.2 million on Tuesday, setting a new record for most valuable sneakers sold at auction. from Business of Fashion https://ift.tt/6rXIO0D

Alibaba Units’ Possible IPOs Spark Hot Investor Demand

Shares of Alibaba Group Holding Ltd.’s units that may soon become public are expected to be in high demand as the breakup unleashes value in the wake of regulatory woes, investors said. from Business of Fashion https://ift.tt/vugY3TW

Uniqlo Owner Expected to Post 30% Profit Rise, as Investors Eye China Results

Second-quarter results from Japan’s Fast Retailing Co, owner of clothing brand Uniqlo, will on Thursday offer a window into how rapidly demand in China is recovering after the lifting of pandemic curbs. from Business of Fashion https://ift.tt/a1XkLbd

It’s Time to Rethink Your China E-Commerce Strategy

The imminent breakup of Alibaba Group underscores the importance of having a diverse channel mix in China’s online fashion market but many brands are still over-reliant on two big platforms. from Business of Fashion https://ift.tt/6Aa7brF

Barbiecore’s Surprisingly Long Legs

A new teaser for the Margot Robbie-fronted Barbie movie has kicked off more frenzy around the film. It’s also setting up a showdown between two of the hottest TikTok trends of the moment: quiet luxury and Barbiecore. from Business of Fashion https://ift.tt/3rl97LY

BoF Insights | The Evolving Art of Luxury Experiential Retail

Today’s luxury shoppers have high expectations for what experiential shopping needs to deliver, as a new report from BoF Insights, in partnership with upcoming shopping district Royalmount, reveals. from Business of Fashion https://ift.tt/7vb1zR3

Why Seemingly Every Male Celebrity Suddenly Has a Beauty Line

Evan Mock, Harry Styles, Brad Pitt, Jared Leto and many more famous men are banking on the blurring gender binary, or simply the novelty factor, to propel their brands to the top of a crowded market. from Business of Fashion https://ift.tt/31q2cTx

Turning Sexual Wellness Into a Contact Sport

The Soho boutique is probably the first sex toy shop with a shrine to Wayne Gretzky, but it’s not alone in its pursuit of using vibrators and lube to lure shoppers into stores. from Business of Fashion https://ift.tt/zeGscC0

How NBA Tunnel Walks Became Fashion Marketing Moments

The pre-game arena entrance is now a big business as more basketball players craft their personal brands, with the likes of Burberry, Thom Browne and Marni angling to dress athletes. from Business of Fashion https://ift.tt/tIxD3yf

ByteDance’s Profit Surges 79%, Exceeding Alibaba and Tencent

ByteDance Ltd.’s profit last year soared to a record, surpassing that of China technology giants Tencent Holdings Ltd. and Alibaba Group Holding Ltd. for the first time, the Financial Times reported. from Business of Fashion https://ift.tt/DGxjWVM

LVMH’s Guide to the Global Economy

The luxury conglomerate’s first-quarter results will offer crucial insights into China’s recovery, the health of the US luxury market and more. That, plus what else to watch for in the week ahead. from Business of Fashion https://ift.tt/BXu13AY

Barbiecore’s Surprisingly Long Legs

A new teaser for the Margot Robbie-fronted Barbie movie has kicked off more frenzy around the film. It’s also setting up a showdown between two of the hottest TikTok trends of the moment: quiet luxury and Barbiecore. from Business of Fashion https://ift.tt/RO68r4s

Hermes Boosts Kelly Bag Output With New Normandy Facility

Hermes inaugurated a leather goods manufacturing facility in Normandy as the luxury brand seeks to meet rising demand for Kelly and Constance handbags. from Business of Fashion https://ift.tt/9qzTi3Z

Model Alliance Founder Sara Ziff Files Lawsuit Against Harvey Weinstein Associate

Sara Ziff, a former model who went on to create the Model Alliance, has filed a lawsuit accusing Fabrizio Lombardo, a former associate of the disgraced Hollywood mogul Harvey Weinstein, of rape. from Business of Fashion https://ift.tt/3ewZbdc

April Is the Greenwashiest Month

The run-up to Earth Day has ballooned into a month-long marketing moment, even as regulators try to crack down on empty sustainability claims. from Business of Fashion https://ift.tt/bqCDSB0

Why Fashion Is Obsessed With Palm Beach

The South Florida resort town has always been an enclave for the wealthy, but recent developments have bolstered its reputation as a fashion destination. from Business of Fashion https://ift.tt/J5EKUyx

Crocs Extends Partnership With Salehe Bembury

On Wednesday, footwear company Crocs announced a two-year-long partnership with designer Salehe Bembury. The 37-year-old footwear designer will join the brand as creative director of the Crocs X Pollex Pod collection, where they will work on developing the brand’s signature Pollex Clog in different silhouettes and colors. from Business of Fashion https://ift.tt/qPsMIbH

BoF LIVE | How Retail Careers Are Evolving

Neiman Marcus’s Lana Todorovich shared how the retailer is navigating the luxury retail sector’s transformation with an emphasis on the customer experience, and how retail careers are changing in the sector. from Business of Fashion https://ift.tt/l06CGUB

Announcing VeeCollective and AWWG

Check out this week’s new partners and openings on BoF Careers, the global marketplace for fashion talent. from Business of Fashion https://ift.tt/ilnP8MU

What Fashion Designers Need to Know Today

BoF Careers provides essential sector insights for fashion designers this month, to help you decode fashion’s creative and commercial landscape. from Business of Fashion https://ift.tt/zfDIPJ0

How AI Can Innovate Post-Sale Strategies

Today, distribution and delivery strategies increasingly impact brand perception and have emerged as a critical consideration for retail businesses. BoF and ShopRunner invited market leaders, including executives from Fendi, Skims, MyTheresa and Puma, to discuss how AI solutions could improve customer service, reduce return rates and increase profitability. from Business of Fashion https://ift.tt/3ge8KmU

Moscow Approves Sale of Inditex’s Russian Business to UAE-Based Buyer

The Russian government on Wednesday said it had approved a deal for Spain’s Inditex, Zara’s parent company, to sell its Russian business to a UAE-based buyer, with some of its former stores to reopen under new branding in April and May. from Business of Fashion https://ift.tt/9UjP3rl

Beiersdorf Raises 2023 Sales Outlook

Nivea maker Beiersdorf raised its full-year sales guidance on Wednesday, as it reported a 12.2 percent hike in preliminary organic group sales in the first quarter, driven by its consumer business unit. from Business of Fashion https://ift.tt/36Pt08W

Would You Trust ChatGPT to Pick Your Outfit?

Companies have started using the AI to come up with outfit recommendations, but while it’s surprisingly capable of suggesting looks for different occasions, creativity is where it still struggles — at least for now. from Business of Fashion https://ift.tt/IRZKw7u

Fanatics Buys Italian Sports Merchandiser, Adds Serie A Clubs

Epi, which is closely held by management and Quadrivio Group’s Industry 4.0 private equity fund, generated more than $50 million in sales in 2022, according to a person familiar with the matter. from Business of Fashion https://ift.tt/JH0rgGh

Human Creativity Is Key to Winning the AI Revolution

Over the next decade, artificial intelligence will bring unprecedented cost savings to the retail sector. The era’s winners will be those that re-invest these savings in human imagination. from Business of Fashion https://ift.tt/uLaxKX4

Op-Ed | Yeezy Was Never Going to Save Gap. What Can?

It’s been nine months since Gap Inc. ousted its chief executive officer. Since then, it’s ended a once-promising partnership with Kanye West (a.k.a Ye), shaken up its executive ranks, delivered disappointing results and, so far, failed to name a successor. from Business of Fashion https://ift.tt/ufdWl6N

L’Oréal to Acquire Aesop

Beauty giant L’Oréal is buying Aesop in a reported deal that values the brand at $2.525 billion. from Business of Fashion https://ift.tt/g8XOJUj

Former Vanity Fair Editor Michael Roberts Dies

Michael Roberts, former fashion and style director at Vanity Fair, has died at his home in Sicily, Italy. He was 75. from Business of Fashion https://ift.tt/HlrZR05

Revlon Cleared to Exit Bankruptcy With $2.7 Billion on Debt Reduction Deal

A US judge on Monday approved Revlon Inc’s reorganization plan, allowing the cosmetics maker to cut $2.7 billion from its debt and exit bankruptcy later this month. from Business of Fashion https://ift.tt/y6GwVSF

Audemars Piguet to Guarantee $55,000 Watches Against Theft in Industry First

Audemars Piguet, the Swiss luxury watch brand best known for the highly sought-after Royal Oak, will offer to replace clients’ stolen watches as part of a new service program created in response to a surge in watch-related crime. from Business of Fashion https://ift.tt/YfKWLCR

Why Shopping for Beauty Is So Different in the UK

The British beauty market is booming, but a highly fragmented retail network presents unique challenges. Here’s what brands should consider when selecting a partner. from Business of Fashion https://ift.tt/OkeyLqz

GQ Introduces New Global Creativity Awards Franchise

Designers Yohji Yamamoto and Grace Wales Bonner are among the first class of honorees. from Business of Fashion https://ift.tt/nG9K0IF

Indonesia Cracks Down on Used Clothing Imports

Government officials last week destroyed $5.3 million worth of illegally imported used clothing in a bid to safeguard the domestic textile, apparel and footwear industries. from Business of Fashion https://ift.tt/nOGaBJP

What Fashion PR & Communications Professionals Need to Know Today

BoF Careers provides essential sector insights for fashion PR & communications professionals this month, to help you decode fashion’s creative landscape. from Business of Fashion https://ift.tt/SDN5Fo9

Will Brands Ever Get Product Recommendations Right?

The technology that exists for brands to offer customers individualised online shopping experiences is expensive and complex. But some start-ups are finding ways to personalise product recommendations and more. from Business of Fashion https://ift.tt/9BeX32k

What Is Lemon8 and What Are Its Links With Under-Fire TikTok

While political scrutiny continues to intensify on the widely popular short video app TikTok in the US and across the world, another owned by the same Chinese company, ByteDance Ltd., is going viral. As downloads of Lemon8 surge in the US, here’s what you need to know about it: from Business of Fashion https://ift.tt/EJG04Vp

Fashion Can’t Count on Tourists to Come to the Rescue Again

Vacation destinations are gearing up for another huge year, including the return of Chinese travelers for the first time since the pandemic. But whether tourists will splurge on fashion like they did last year is less clear. from Business of Fashion https://ift.tt/3ZC1kIX