Media Hype

At the second session of The Business of Beauty Global Forum, speakers including Sephora Americas chief executive Jean-André Rougeot and Mielle Organics founder Monique Rodriguez charted beauty’s next stage of growth. from Business of Fashion https://ift.tt/L7aRNxX

Condé Nast will stage the second edition of Vogue World in London this fall. Set to take place on Sept. 14. at London’s Theatre Royal Drury Lane, the event will serve as an unofficial kick-off to London Fashion Week from Business of Fashion https://ift.tt/hEq93YA

Please join us on Tuesday, June 6 at 16:00 BST / 11:00 EDT for a special BoF Masterclass as BoF’s Executive Editor of The Business of Beauty Priya Rao and McKinsey & Company’s Senior Partner Kristi Weaver explore findings from the report, share their insight and answer your questions about how beauty players from around the world can arm themselves for success in the years ahead. from Business of Fashion https://ift.tt/RAjKQaN

Michael Kors parent Capri Holdings Ltd on Wednesday cut its annual sales forecast as demand for its handbags and shoes weakens in the United States, sending its shares down nearly 9 percent in early trading. from Business of Fashion https://ift.tt/WfiOBRQ

Speakers including John Legend and TooD Beauty founder Sharareh Siadat laid out their vision for a more inclusive beauty industry during the first session of The Business of Beauty Global Forum. from Business of Fashion https://ift.tt/WxR3ekL

It comes as the brand sees consumers investing more in hair products and scalp maintenance, said Cecile Koenig, Guerlain’s director of international skin care marketing. from Business of Fashion https://ift.tt/7yXxLEP

Pepkor Holdings Ltd. replaced the head of its Ackermans unit after Africa’s largest clothing retailer posted a drop in first-half earnings as it failed to get the right summer fashion mix. from Business of Fashion https://ift.tt/mGuDZRj

The brand known for its traditional and ornate Chinese aesthetic will be one of the first major C-beauty players to go global when it touches down in the US and Japan later this year. from Business of Fashion https://ift.tt/iYDfS7H

While some votes remain to be counted, LVMH confirmed that two measures on the Cheval Blanc Beverly Hills project have fallen short by a “narrow margin.” The final results will be certified on June 2. from Business of Fashion https://ift.tt/Qd5SuWg

British shop price inflation picked up this month to reach its highest rate since industry records began in 2005, although growth in food prices cooled slightly, a survey showed on Tuesday. from Business of Fashion https://ift.tt/MAYeSsl

Join us for a special Masterclass, as BoF’s luxury editor Robert Williams, along with a panel of experts, unpack our latest case study Inside Hermès’ Best-in-Class Leather Goods Strategy. from Business of Fashion https://ift.tt/fAeNJ9o

A potential US debt default threatens to spoil a surprisingly strong run by major retailers, which are seeing resilient consumer spending. from Business of Fashion https://ift.tt/qidIVxh

Beauty megadeals may be few and far between over the near term, but M&A will still be critical for buyers and sellers seeking growth, innovation and competitive product portfolios, reports The State of Fashion: Beauty. from Business of Fashion https://ift.tt/bsRJVj6

With the industry starting to use the technology for everything from campaign imagery to shopping assistants, it risks replicating biases based on race, body type, age and disability that it has spent years loudly claiming it wants to move past. from Business of Fashion https://ift.tt/CWkgbic

The British beauty retailer is doubling down on its growth focus with more stores, brand exclusives and Gen-Z shoppers . from Business of Fashion https://ift.tt/1pnQoEg

The country’s runoff election came to an end on May 28 with the incumbent Recep Tayyip Erdogan securing the presidency. from Business of Fashion https://ift.tt/d9l3JhF

The centenary of the photographer’s birth has sparked gallery shows in New York and London that celebrate him as the definitive iconographer of our time. from Business of Fashion https://ift.tt/qj9FHoA

Target, Maybelline and others have been caught in an anti-trans backlash. How they respond could shape perception around their brands. That, plus what else to watch for in the coming week. from Business of Fashion https://ift.tt/nocfmYA

How a unique approach to supply chain, design, communications and retail has powered blockbuster demand for iconic bags like the Birkin and Kelly, enabling the French leather goods house to face down rivals and become a global megabrand with a market capitalisation greater than Nike’s. from Business of Fashion https://ift.tt/jPNFzqd

The company has been lifting prices of its apparel and footwear to protect its profit margins from higher supply and distribution costs. However, air freight and ocean rates declined during the quarter in a boost to its bottom line. from Business of Fashion https://ift.tt/lyoXZzE

Unilever Prestige’s brand portfolio, including Dermalogica, Ren and Tatcha, generated €1.2 billion in revenue in 2022, with ambitions to grow through acquisitions, innovation and digital commerce. BoF meets CEO Vasiliki Petrou to learn her acquisition criteria and how quick decisions, R&D capabilities, a founder mindset and brand-centric strategy are driving the portfolio’s growth. from Business of Fashion https://ift.tt/OgUIpqX

Express, Inc. completed its joint acquisition of the menswear brand Bonobos in partnership with WHP Global for a combined purchase price of $75 million, the company announced Wednesday. from Business of Fashion https://ift.tt/QlIojq3

Multiple raids on Swatch Group AG’s stores in Malaysia over their sale of Pride-themed rainbow watches have sparked a furious response from the watchmaker and raised renewed doubts about the commitment of the nation’s six-month-old coalition government to LGBTQ rights. from Business of Fashion https://ift.tt/ChobT71

With the industry starting to use the technology for everything from campaign imagery to shopping assistants, it risks replicating biases based on race, body type, age and disability that it has spent years loudly claiming it wants to move past. from Business of Fashion https://ift.tt/XmzSAfo

Uniqlo owner Fast Retailing suspended the clothing brand’s operations in Russia in March of 2022, joining scores of international companies, after Moscow launched its attack on Ukraine, calling it a “special military operation.” from Business of Fashion https://ift.tt/cxqpXfs

Knowing whether an opportunity is a no-hope scenario or a potential career-defining moment is half the battle for rising executives. from Business of Fashion https://ift.tt/TLiSUwY

Chanel and Brunello Cucinelli on Tuesday signed a joint agreement to take 24.5 percent stakes in Italian cashmere and wool manufacturer Cariaggi Lanificio. The Cariaggi family will remain in control of 51 percent of shares. from Business of Fashion https://ift.tt/CK1yRoZ

About two dozen Chinese taste-makers gathered on a recent spring evening in Shanghai for an exclusive showcase hosted by online luxury retailer Mytheresa.com GmbH. from Business of Fashion https://ift.tt/kZdlEgO

To unleash the full potential of ‘China’s Silicon Valley’ luxury brands must invest more in the vibrant city at its core and better understand the local mindset. from Business of Fashion https://ift.tt/c7OX6Fy

The LVMH brand is recording ‘more than double digit’ growth, generated by ‘natural upselling requested by clients,’ said chief executive Jean-Christophe Babin in an exclusive interview with BoF. from Business of Fashion https://ift.tt/POz2xRJ

TikTok Inc on Monday filed a lawsuit challenging the state of Montana’s new ban on use of the Chinese-owned short-video app. from Business of Fashion https://ift.tt/OU1IhPF

The world’s second-biggest independent watch brand has named a veteran perfume and consumer-goods executive to lead its next chapter. from Business of Fashion https://ift.tt/0QfdG8a

The timeless appeal of the south Asian classic has gone global — and a new London exhibition shows how it has been reinvented. from Business of Fashion https://ift.tt/WhOG0xf

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/XAkHDm1

Discover the most exciting career opportunities now available on BoF Careers — including jobs from Burberry, Jacquemus and Métier. from Business of Fashion https://ift.tt/5UlYQFb

The special edition of The State of Fashion report by BoF and McKinsey & Company explores the reshaping of the global beauty industry. Download the full report to learn about the key dynamics that will impact all categories in the years ahead, from the rise of wellness to the influence of Gen-Z. from Business of Fashion https://ift.tt/OmH35eg

On Saturday, Dior landed in a rainy Mexico City to stage its latest destination show at Colegio San Ildefonso, a former Jesuit seminary turned canvas for Mexico’s great 20th-century muralists. from Business of Fashion https://ift.tt/pOst8iD

The film festival has become an increasingly important launchpad for luxury brands such as Versace, which will reveal a collection co-designed by Dua Lipa on Tuesday. Plus, what else to watch for this week. from Business of Fashion https://ift.tt/sbG4vJk

The social-media savvy designer is leaving the ready-to-wear brand after a single season. from Business of Fashion https://ift.tt/6UK8lim

The company said it will begin selling some of its leftover Yeezy stock at the end of this month. from Business of Fashion https://ift.tt/6na9NfP

BoF’s Imran Amed speaks with Alec Leach about his manifesto on how we can move towards a better relationship with fashion. from Business of Fashion https://ift.tt/jXqPy76

Menswear has a hot new category: signet rings, beaded bracelets and silver chains — a trend driven by shifting gender norms and the overall casualisation of fashion. from Business of Fashion https://ift.tt/2M4JuFC

Blink and you might miss TikTok’s news cycle. Here are the latest beauty crazes users can’t stop talking about. from Business of Fashion https://ift.tt/cPq7kOy

The online luxury retailer’s revenue rose 8 percent year on year in the first quarter of 2023, above analyst’s expectations. from Business of Fashion https://ift.tt/FfWKTxq

Brazil’s antitrust regulator Cade on Wednesday recommended the approval of the sale of Natura & Co’s Aesop brand to French cosmetics company L’Oréal, according to the country’s daily gazette. from Business of Fashion https://ift.tt/51IA4jW

The athleisure brand has taken a minority stake in Samsara Eco, an Australian company that uses enzymes to recycle plastics like polyester and nylon into new materials. from Business of Fashion https://ift.tt/bk48cBj

Apparel makers in Bangladesh are considering rare bulk exports by air to Europe and the United States, as they race to meet deadlines and avoid cancellations after a cyclone delayed shipments. from Business of Fashion https://ift.tt/6eETS2c

Join us on Wednesday, May 24 at 16:00 BST / 11:00 EDT for #BoFLIVE, as Dash Hudson’s chief marketing officer, Kate Kenner Archibald, joins BoF’s associate director of content strategy, Alice Gividen to unpack how ROI in social media is evolving, the channels that fashion and beauty businesses should prioritise, and which practices and metrics enable brands to measure success most successfully. from Business of Fashion https://ift.tt/CtaePgQ

Revenue accelerated in the last quarter as growth rebounded in China to 13 percent. from Business of Fashion https://ift.tt/M2cj9EN

The second edition of Oud Fashion Talks explored the forces transforming the Gulf’s fashion industry today, with key learnings from BoF Insights’ ‘Fashion in the Middle East’ report and from executives of local retailers, manufacturers, designers and entrepreneurs. from Business of Fashion https://ift.tt/1HOa07K

After awarding prizes to all finalists for the past two years, the initiative will revert to naming one winner and two runners-up from Business of Fashion https://ift.tt/DLJsIUZ

TJX Companies Inc. lifted its annual profit forecast on Wednesday, banking on easing cost pressures to cushion a pullback in consumer spending on discretionary items. from Business of Fashion https://ift.tt/Gsn91cJ

The latest funding round for the Chinese fast fashion behemoth values the company at $66 billion. from Business of Fashion https://ift.tt/fHF8AjD

The social media giant, which is owned by Chinese company ByteDance, denied a Wall Street Journal report published Wednesday that it was postponing the wider rollout of its US shopping platform. from Business of Fashion https://ift.tt/j5L7ZtC

K-style takes centre stage in collection that draws inspiration from South Korea’s contemporary and traditional dress. from Business of Fashion https://ift.tt/xa1YXlO

Brands are turning to AI-powered analytics tools to improve their ability to measure environmental impact in the face of new government regulation. But getting hold of accurate data to support these assessments remains a difficult and largely manual challenge. from Business of Fashion https://ift.tt/tdgeWJR

US retail sales increased in April, suggesting consumer spending is holding up in the face of economic headwinds including inflation and high borrowing costs. from Business of Fashion https://ift.tt/ztK3TMN

With sparkling lights and beating drums, Italian luxury label Gucci took over a 14th-century Seoul Palace on Tuesday to showcase its cruise collection, blending Korean heritage and modern fashion. from Business of Fashion https://ift.tt/ZMRTUmg

The founder of hit LA-based label Rhude joined the Swiss brand in January 2022. from Business of Fashion https://ift.tt/C8k6EVx

Increasingly expensive luxury handbags have made room for the contemporary market to grow. Brands that go into the category with a tight assortment and a strong aesthetic are best positioned for success. from Business of Fashion https://ift.tt/7Kq3GZS

Vice Media, which owns Vice, women’s media brand Refinery29 and fashion and culture-focussed publication i-D, filed for Chapter 11 bankruptcy on Monday. from Business of Fashion https://ift.tt/tjaqx3P

Across the advertising industry, agencies are wrestling with their role in greenwashing scandals and their support for clients driving the climate and nature crises. from Business of Fashion https://ift.tt/YWMGtla

Lagos Space Programme, the nonbinary luxury label by Adeju Thompson, was named winner of the International Woolmark Prize on Monday. from Business of Fashion https://ift.tt/4JzGigj

Chanel has named actor Timothée Chalamet as an ambassador for its Bleu De Chanel fragrance. The team-up marks the 27-year-old’s first fashion or beauty partnership. from Business of Fashion https://ift.tt/MSmDYCl

A rare and pristine condition Rolex Milgauss watch sold for $2.5 million, smashing records for the highest amount paid at auction for the Swiss brand’s timepiece made for scientists. from Business of Fashion https://ift.tt/L2iAvXJ

In the last decade, incubators aimed at churning out brands have become a force throughout the industry. The Business of Beauty unpacks the pros and cons to the model, as well as what incubators and their brands need to do to stay competitive in a crowded market. from Business of Fashion https://ift.tt/P29xmCc

Creative cadences, competitive colleagues and an ‘always on’ mindset create ample opportunity for failing to maintain a healthy work-life balance in fashion. Psychologists, mental health experts and industry professionals share their advice on mitigating burnout in fashion. from Business of Fashion https://ift.tt/ANZkb9j

Creating stage costumes provides designers with a fantastical creative outlet and the potential for global exposure – but designing a musician’s look isn’t easy. from Business of Fashion https://ift.tt/xqTHifQ

BoF Careers provides essential sector insights for fashion professionals in retail this month, to help you decode fashion’s retail landscape. from Business of Fashion https://ift.tt/J6BTG4A

The luxury marketplace reports results amid skepticism about e-commerce stocks, and as its YNAP deal inches forward. That plus what else to watch for in the coming week. from Business of Fashion https://ift.tt/adF6rt8

The media company appointed Nick Hotchkin as chief financial officer. He succeeds Jackie Marks, who joined the company in March 2021, in the role. from Business of Fashion https://ift.tt/P2DgOaL

THG has ended talks about a possible takeover bid by Apollo, saying the private equity company’s offer is an inadequate valuation of the online retail tech company. from Business of Fashion https://ift.tt/jlBgcx7

Asos has dropped its 2030 net-zero emissions target and Crocs has delayed its deadline by a decade, rare public resets as scrutiny of corporate climate goals mounts. from Business of Fashion https://ift.tt/VAHPEX2

The Cartier-owner reported earnings that beat analysts’ estimates as sales in China rebounded following the end of Covid Zero policies. from Business of Fashion https://ift.tt/d39XLpM

Thanks to its sweet-spot pricing and strong brand identity, the cult Parisian label is proof that the original direct-to-consumer, cut-out-the-middleman business model still works. Now, it’s opening a US office and launching new categories like homeware and kids. from Business of Fashion https://ift.tt/GMLTUv2

Join the global livestream on May 30 and 31, 2023 to unlock essential learnings, challenge conventional thinking and inspire innovation in the global beauty and wellness industry. from Business of Fashion https://ift.tt/1rBnc6Z

Since 2016, the vacuum company has found an entirely new audience with its dryers and multi-stylers. Its latest launch, the Airstrait, is the first of an anticipated 20 new products over the next four years. from Business of Fashion https://ift.tt/ub3HsJt

At its annual meeting Thursday, the company confirmed plans to sell its remaining stock of Yeezy sneakers rather than destroy the merchandise. Adidas also told investors that an investigation into Ye’s workplace misconduct did not substantiate claims of harassment. from Business of Fashion https://ift.tt/gWbhL6v

Tapestry Inc raised its annual profit forecast on Thursday, betting that price increases, strong demand for its Coach handbags and a sharp rebound in China would shield it from a wider slowdown in US luxury purchases. from Business of Fashion https://ift.tt/fsLrB0e

US-listed shares of the Beijing-based company rose nearly 4 percent in trading before the bell. from Business of Fashion https://ift.tt/F4KbxJ6

Designer Diane Von Furstenberg’s namesake brand is the latest to join the resale market. Its spin on the category includes a “Missed Connections” tab for hard-to-find pieces. from Business of Fashion https://ift.tt/Y0aoEgD

The industry’s “always on” mentality can make balancing domestic and professional responsibilities a challenge, even when companies offer robust family benefits. from Business of Fashion https://ift.tt/lKABN2L

Sales at Italian fashion group Tod’s rose by 23 percent in the first quarter of the year, beating analysts’ forecasts thanks to a strong performance in China and despite moderate growth in the Americas. from Business of Fashion https://ift.tt/iANvGn2

The search giant is debuting an experimental new search experience and will use its shopping vertical as a key testing ground. from Business of Fashion https://ift.tt/sBUuDwF

The social media giant, which is owned by Chinese company ByteDance, denied a Wall Street Journal report published Wednesday that it was postponing the wider rollout of its US shopping platform. from Business of Fashion https://ift.tt/icQ9UGS

Leaning into his experience as a queer Black man from South London, the photographer has become one of the most powerful imagemakers of his generation. from Business of Fashion https://ift.tt/GZBeyxX

Asos, Britain’s one-time poster child for the shift to online fashion retailing, swung to a first-half loss, hurt by a squeeze on household budgets and elevated product returns but said it was confident of a return to profit in the second half. from Business of Fashion https://ift.tt/HjUoSyx

A new wave of ChatGPT assistants from companies like Shopify and Kering could transform how we shop online. It’s unclear how well they actually work, so BoF took them for a spin. from Business of Fashion https://ift.tt/FbPlsmL

Despite making progress on their respective profitability goals, investors for both online resale sites were hardly impressed Tuesday afternoon when the companies reported first-quarter earnings. from Business of Fashion https://ift.tt/tdgx2My

Victoria’s Secret & Co. will bring its fashion show back as a feature-length film this fall after a four-year hiatus, showcasing artists and designers from around the world. from Business of Fashion https://ift.tt/Ld7v8V1

Coty Inc on Tuesday raised its annual profit forecast for the second time, as the CoverGirl parent banks on price hikes, new launches and resilient demand for its high-end and affordable fragrances and cosmetics. from Business of Fashion https://ift.tt/1u2j4is

On Thursday, German asset manager Union Investment — one of Adidas’ largest shareholders — is set to request the German sportswear giant discloses the findings of an internal inquest into the handling of misconduct allegations levelled at former collaborator Ye. from Business of Fashion https://ift.tt/xYAZCpc

The Indian company will take a 51 percent stake in the local fashion group in a deal valued at 1650 crore rupees (about $202 million). from Business of Fashion https://ift.tt/RQYBGvD

The retailer has proposed buying France’s Groupe Courir for an enterprise value of €520 million ($572 million), in what would be the British group’s first acquisition since setting out ambitious expansion plans in February. from Business of Fashion https://ift.tt/eKM3c4Q

Bidayat, a fund controlled by Rachid Mohamed Rachid, is set to relaunch Italian label Albini after acquiring its IP and archive, BoF can confirm. Rachid declined to comment on unconfirmed media reports that Alessandro Michele is involved. from Business of Fashion https://ift.tt/CsfLbH0

The advertising watchdog is banning growing numbers of advertisements that exaggerate the benefits of health and beauty treatments such as Botox, lip fillers and diet aids. from Business of Fashion https://ift.tt/5XbDikr

When a beauty product transcends its original value proposition, such as cleansing hands or moisturising skin, it can offer consumers desired forms of cultural capital. from Business of Fashion https://ift.tt/kbw1PoD

Lessons From LA’s Hottest Retail Destinations from Business of Fashion https://ift.tt/etOhH1A

Allbirds, Warby Parker, The RealReal and others have plenty to prove when they report earnings this week. That, plus what else to watch for. from Business of Fashion https://ift.tt/5AkEw9j

Adidas AG has yet to decide on what to do with its mountain of unsold Yeezy sneakers but new chief executive officer Bjorn Gulden said its turnaround is nonetheless off to a good start. from Business of Fashion https://ift.tt/3EaCum7

From the day-of dress code to British brands hopping on board, BoF breaks down all the sartorial details of the historic day from Business of Fashion https://ift.tt/AlTaDkr

After nearly 15 years at Gucci, the executive will join the Moncler Group-owned Italian label on June 1. from Business of Fashion https://ift.tt/JHdwWSZ

US retailers replaced technology firms in cutting the most number of jobs in April, as companies show little signs of easing their belt-tightening drive in an uncertain economy. from Business of Fashion https://ift.tt/SbmPjar

After nearly 15 years at Gucci, the executive will join the Moncler Group-owned Italian label on June 1. from Business of Fashion https://ift.tt/6trMELu

Sales of smartwatches, including Apple’s top-selling version, have plateaued and are no longer a significant threat to the pricier end of the Swiss watch industry, according to Morgan Stanley. from Business of Fashion https://ift.tt/J6qOVAS

The latest filings list Dublin as the company’s “principal executive offices”. Filings as recently as February show Shanghai as the listed address. from Business of Fashion https://ift.tt/svMdem0

The Berlin-based e-commerce platform reported an adjusted loss before interest and taxes of €700,000 ($776,000) for the period, Zalando said in a statement Thursday. from Business of Fashion https://ift.tt/wzbPUil

British fashion retailer Next maintained its guidance for annual profit after reporting a smaller decline in first-quarter sales than it expected, saying it was too early in the year to change its outlook. from Business of Fashion https://ift.tt/qTU7OwR

CEO Oh Sang Hyeon shares how Hyaloid’s latest platform strives to ease the customer user experience through several applications delivered on one platform technology, accessed with the use of one password on its social commerce service. from Business of Fashion https://ift.tt/pe917yk

On Wednesday, Sephora US named Zena Srivatsa Arnold as the brand’s new chief marketing officer, according to a company spokesperson. from Business of Fashion https://ift.tt/JBWq6bP

Estée Lauder Cos Inc on Wednesday forecasted a bigger drop in full-year sales and profit, disappointing Wall Street; that was expecting better results on rebounding travel retail after Covid-19 restrictions eased globally and in China. from Business of Fashion https://ift.tt/qbC0skO

Refusing to engage with the technology amid rising concerns it could replace human creativity and displace workers isn’t going to stop it or prepare companies and their employees for the future. from Business of Fashion https://ift.tt/5GVUZkc

The Somali-American supermodel, who stepped away from modelling in 2020, became the first person to front any Vogue title wearing a hijab when she appeared on the cover of Vogue Arabia in 2017. from Business of Fashion https://ift.tt/wkAx29M

Pandora sees China as a potential driver of future growth, but the world’s largest jewellery market is recovering slowly from strict Covid-19 curbs, which were dropped at the end of last year. from Business of Fashion https://ift.tt/i2YIkwD

The Brazilian-inspired body-care brand taps the “Euphoria” actress to grow its fragrance-loving Gen-Z audience. from Business of Fashion https://ift.tt/cK3MCt4

Struggling British fashion brand Superdry said on Tuesday that it planned to raise about £12 million ($14.97 million) through the sale of about 19.1 percent of its equity. from Business of Fashion https://ift.tt/6zQs3dO

Luxury brand Jil Sander, owned by Italian fashion holding OTB Group, appoints Luca Lo Curzio as its new chief executive officer. from Business of Fashion https://ift.tt/apqR0Uv

The experienced merchandising executive was hired to drive the UK luxury-streetwear retailer’s product strategy and scale its womenswear business. from Business of Fashion https://ift.tt/A1aJgeG