Media Hype

This week, Kering’s beauty strategy came into focus when the world’s second largest luxury fashion group announced that it is acquiring the niche fragrance brand Creed at a price close to $3 billion. from Business of Fashion https://ift.tt/wnG47YV

The move comes as Karla Otto-owner The Independents, which acquired Bureau Betak in 2021, raises $400 million in funding to fuel ambitions to double in size by 2025. from Business of Fashion https://ift.tt/5adrmko

Chris Printup, the founder of LA streetwear favourite Born x Raised, passed away on Wednesday morning following injuries sustained in a car accident, the brand confirmed in an Instagram post Wednesday. from Business of Fashion https://ift.tt/Ebsv32T

Hennes & Mauritz AB shares rallied after the Swedish fast-fashion retailer made progress in reducing a longstanding inventory buildup, leading to greater optimism that profitability will improve. from Business of Fashion https://ift.tt/K75yE2O

The US antitrust regulator is planning to file a suit targeting Amazon’s core online marketplace in the coming weeks, Bloomberg News reported on Thursday, citing documents and people familiar with the matter. from Business of Fashion https://ift.tt/tfs8FWL

This week, TikTok couldn’t get enough of new products from Rare Beauty and Rhode, E.l.f.’s collaboration with influencer Mikayla Nogueira and the return of “baking.” from Business of Fashion https://ift.tt/5Vy06hw

Chanel’s Global CEO Leena Nair, Bottega Veneta creative director Matthieu Blazy, and Fast Retailing’s John Jay will share their insights at BoF’s annual gathering for big thinkers. from Business of Fashion https://ift.tt/i3IVqR6

The school’s Florence campus director Danilo Venturi shares how IED is tailoring five new postgraduate courses led by mentorship and interdisciplinary, project-driven teaching to meet the needs of fashion’s next generation of talent. from Business of Fashion https://ift.tt/rs9V138

LVMH chairman and chief executive officer Bernard Arnault has touched down in China, kicking off a flurry of interest on social media in a key market for his group’s sprawling luxury empire. from Business of Fashion https://ift.tt/lYbhZwN

Property developers are set to build 8 million square metres of retail space in a sign of long-term confidence in the troubled but increasingly competitive market. from Business of Fashion https://ift.tt/ZB2gMwz

The French luxury group’s head of image and environment addressed criticism over its decision not to join existing industry sustainability initiatives, in which fast fashion players play a large role, and pushed for greater collaboration amongst luxury companies. from Business of Fashion https://ift.tt/DHoULyr

Its first group of digital fashion designers will receive mentorship from the British Fashion Council, top names at Vogue and Calvin Klein and metaverse expert Matthew Ball, to name a few. from Business of Fashion https://ift.tt/bj0garh

Despite the slowdown in its US and Canadian markets, the British retailer stuck to forecasts for pretax profit to come in at about £1.04 billion ($1.32 billion) for the 12 months to the end of January. from Business of Fashion https://ift.tt/cT7IPVN

The designer’s latest outing could be read as a sullen celebration of the revolutionary impulse, writes Lynn Yaeger. from Business of Fashion https://ift.tt/ztgFQ8H

Almost four decades after Diana, Princess of Wales was first photographed in her now-infamous ‘black sheep’ sweater, her original garment is set to be sold at auction. from Business of Fashion https://ift.tt/giwyUQT

Pleasing, founded by musician Harry Styles, has tapped Shaun Kearney, former chief design and merchandising officer at Gwyneth Paltrow’s Goop as its first CEO. from Business of Fashion https://ift.tt/Gh3nbwi

Hein Schumacher will soon inherit a company that has failed to deliver sustainable sales growth despite powerful brands and enviable positions in emerging markets. Schumacher must reverse that underperformance. If he can’t achieve it within the company’s current structure, he must look at a more radical solution: a breakup. from Business of Fashion https://ift.tt/tWidxC2

Paris-based label Casablanca has appointed former Stella McCartney chief to help ignite a new phase of growth at the brand. from Business of Fashion https://ift.tt/a5QJP9r

Associated British Foods Plc raised its outlook for the full year as consumers battling a cost-of-living crisis manage to absorb higher prices for food, ingredients and clothing. from Business of Fashion https://ift.tt/E0AIh7N

The centuries-old hairstyle that reached its peak in the 70s is now embraced by a new audience: Gen Z. Thanks to TikTok, K-pop and innovation within the category, the perm is getting a long overdue lift. from Business of Fashion https://ift.tt/weaXOxZ

Anthony Vaccarello’s former design director Chemena Kamali is leading a parallel studio at Chloé, with Gabriela Hearst’s future at the Richemont-owned brand unclear, sources said. from Business of Fashion https://ift.tt/Ik7enP6

BoF meets four designers from Raisefashion’s brand fellowship programme without formal fashion training, to learn the challenges they have faced in starting a brand and how the non-profit is supporting their venture. from Business of Fashion https://ift.tt/ltHIUCW

Paris men’s fashion week had a postcard-like feel, but there were standouts that proposed a shift in dress as well as a spectacle, writes Angelo Flaccavento. from Business of Fashion https://ift.tt/AIKTV4b

Results from two of fashion’s biggest companies will offer clues about China’s recovery, sweeping changes in the fast fashion landscape and more. That, plus what else to watch for in the coming week. from Business of Fashion https://ift.tt/EerVzY1

Designers say fashion’s obsession with technical outerwear like hiking boots and cargo vests may have peaked. Noah’s Brendon Babenzien is the latest to abandon the trend in an upcoming collaboration with Puma. from Business of Fashion https://ift.tt/GtO1Ejg

Music star Rihanna is stepping away from the chief executive role at her lingerie brand, Savage X Fenty, five years after she created it and has announced a fashion executive to take her place. from Business of Fashion https://ift.tt/RkPXcgL

Growth will largely come from a rebound in China, a strong Japan market and tourism to Europe. However, brands won’t feel the impact equally, said Bain partner Claudia D'Arpizio. from Business of Fashion https://ift.tt/P7Etw43

A congressional report says the Chinese-owned e-commerce business has insufficient systems in place to prevent goods made by forced labour being sold on its platform. from Business of Fashion https://ift.tt/SIj4kbX

Reports of large-scale theft rings are driving US lawmakers to explore tough-on-crime policies. Data on whether there is a crime wave paints a more ambiguous picture. BoF unpacks the murky situation. from Business of Fashion https://ift.tt/daj120Z

Four designers from Raisefashion’s brand fellowship programme share how the non-profit has enabled the creatives to take their business from strength to strength, and better navigate on-going market challenges today. from Business of Fashion https://ift.tt/XoLOsj1

People shop on popular online retailers like Shein and Temu because the prices are low. So low, in fact, that the companies don’t have to pay tariffs when the products are shipped to the US. from Business of Fashion https://ift.tt/gkB67GC

Fast fashion giant Shein will strengthen its presence in Europe and Mexico, including selling more locally made products, in a bid to diversify its China-centric supply chain. from Business of Fashion https://ift.tt/mXioJcy

From books to cloud computing, Amazon Inc. has gone on to dominate many segments over the years. Now Morgan Stanley projects that the e-commerce giant will become the biggest player in another space: beauty. from Business of Fashion https://ift.tt/kqrwex8

The New York creative often credited with pioneering luxury streetwear has stepped away from design duties at the brand he founded, though he remains a shareholder. From his new base in Berlin, Oliver is focused on a constellation of projects under the nascent Shayne Oliver Group. from Business of Fashion https://ift.tt/UPWgaFt

Shoe maker Skechers sued fashion company Steve Madden in Los Angeles federal court on Tuesday, claiming its “Kennie” line of sneakers violates Skechers’ trademark rights in its “S” logos. from Business of Fashion https://ift.tt/WUvkDX8

The Federal Trade Commission sued Amazon on Wednesday, accusing the e-commerce behemoth of luring unwitting customers into subscriptions for Amazon Prime membership, and creating a “labyrinthine” process to cancel it. from Business of Fashion https://ift.tt/HSnTBtD

The fashion styling game Drest, which launched before gaming was on most of the industry’s radar, has new funding and plans to expand its features and reach. from Business of Fashion https://ift.tt/lGS4Ksg

As consumers re-engage with physical retail globally, BoF hosted a thought-leadership panel to discuss best-in-class strategies for SMEs innovating their retail ecosystems to drive performance and build their brand, from consumer behaviour insights and events strategies to technological integration and omnichannel engagement. from Business of Fashion https://ift.tt/T2hvoRn

The creative polymath’s debut show aimed to cement Louis Vuitton’s positioning as a purveyor not just of fashion, but culture writ large. from Business of Fashion https://ift.tt/zFJu2sT

Denver-based fashion group VF Corp. has hired Bracken Darrell as chief executive, ending a seven-month search for a successor to former chief executive Steve Rendle, who unexpectedly retired in December last year. from Business of Fashion https://ift.tt/PD8stn2

It’s the most immersive branded fashion experience in the popular game yet, even if you still can’t wear .Swoosh sneakers on a Fortnite avatar. from Business of Fashion https://ift.tt/MfxJsvQ

Revolution Beauty Group said on Tuesday it had sent a letter of claim to founder and former chief executive officer Adam Minto in May, alleging he breached fiduciary and other duties and that the company was looking to recover “material sums” in related costs. from Business of Fashion https://ift.tt/cO4oyp9

The long lines of customers outside Chanel and Louis Vuitton stores on Hong Kong’s Canton Road are finally back, and the city’s biggest mall operator is trying to get them to spend like before. from Business of Fashion https://ift.tt/opQwYMb

Shipments surged by 14 percent last month to 2.3 billion francs ($2.6 billion) in value, the Federation of the Swiss Watch Industry said Tuesday. from Business of Fashion https://ift.tt/L1YoBkX

From ChatGPT to Midjourney to Runway, the emerging technology is already showing why it could be one of the most consequential in decades for the fashion industry. Early adopters and experts unpack the opportunities and challenges of putting gen AI to use to design products, create campaigns and other content, and better connect with customers. from Business of Fashion https://ift.tt/GTE1ak4

Milan men’s fashion week was all about finding new ways of deconstructing manhood, reports Angelo Flaccavento. from Business of Fashion https://ift.tt/XxO73cB

Boohoo said on Monday it intends to vote against the reappointment of Revolution Beauty CEO Bob Holt at the company, which is currently reviewing its working capital. from Business of Fashion https://ift.tt/OL7GCSU

Crafting a coherent identity across fashion and beauty — which operate on different timelines, often serve different audiences and are managed by different companies — is a difficult task, especially in the wake of a designer transition. from Business of Fashion https://ift.tt/zjbflGa

Rising interest in understated, classic style offers a glimmer of hope for smaller heritage houses offering everything from English knits to French shoes to Italian tailoring. Can big brands from LVMH and Kering adapt? from Business of Fashion https://ift.tt/7KOlhQL

Leslie Caswell, who has held roles at Burberry and Meta before starting at the luxury skincare brand, advises fashion juniors to champion a willingness to learn, time management and consider company culture at interview. from Business of Fashion https://ift.tt/IgRudvh

Executive director and founding board member, Felita Harris discusses the non-profit’s brand fellowship programme — an 8-week masterclass for 8 BIPOC designers, conducted by experienced industry advisors and senior executives. from Business of Fashion https://ift.tt/ZDcNhtY

The Paris men’s week show is expected to play a major role in LVMH’s plan to turn its biggest label into a “cultural brand.” That, plus what else to watch for this week. from Business of Fashion https://ift.tt/A59E6rc

The lawsuit accuses Villaseñor, who launched the hit streetwear label beloved by rappers and NBA players in 2015, of misappropriating company finances. from Business of Fashion https://ift.tt/8jKeMy0

The pioneering 89-year-old entrepreneur shares her life story as a child refugee who fled Nazi Germany and created a $3 billion technology company. from Business of Fashion https://ift.tt/j2vC5Vb

Fragmentation is, paradoxically, the strongest through line in menswear today, writes Angelo Flaccavento. from Business of Fashion https://ift.tt/elzN301

The fashion director has been promoted to editor-in-chief of Vogue Ukraine, according to a post on Instagram. from Business of Fashion https://ift.tt/F27mxCM

JD.Com, Tmall, Pinduoduo and others are competing fiercely in the country’s first major shopping festival after the pandemic. from Business of Fashion https://ift.tt/u7al2jD

Some digitally native start-ups are buying or building factories to cut production times and control quality. But not every company is built to handle manufacturing themselves. from Business of Fashion https://ift.tt/fVPEnhJ

The social media platform’s fascination with Marvel, curly hair routines and Danessa Myrick continues. from Business of Fashion https://ift.tt/mVaKu5q

BoF Careers provides essential sector insights for fashion professionals in marketing this month, to help you decode fashion’s marketing landscape. from Business of Fashion https://ift.tt/VOPQt6w

Discover the most exciting career opportunities now available on BoF Careers — including jobs from Moncler, Stussy and Harper’s Bazaar Arabia. from Business of Fashion https://ift.tt/1Mt0RLh

Join us for a special Masterclass, as BoF’s technology correspondent Marc Bain, along with a panel of experts, unpack our upcoming case study on generative AI. from Business of Fashion https://ift.tt/zxI4hnD

The kingdom is set to drive growth for the industry as its economy booms, social reforms reshape consumer culture and futuristic cities sprout from the desert. from Business of Fashion https://ift.tt/Qj3uFZ9

As retailers’ commitment to activism faces criticism from all sides, companies must decide if they’re going to double down or stand back. from Business of Fashion https://ift.tt/WTZmeC0

Beauty Barrage founder and CEO Sonia Summers shares how the turn-key service, supplying brands with brand ambassadors, educators and event specialists, alleviates challenges around retail staff training and retention to allow beauty brands and retailers to focus on growth and revenue. from Business of Fashion https://ift.tt/TZDRewS

Google was accused of abusing its dominance over advertising technology to crush competition as the European Union fired off an antitrust charge sheet. from Business of Fashion https://ift.tt/oUXp7Ob

Discussions on the Olympics deal, being negotiated by Antoine, revolve around promotions focused on LVMH as a group, its two biggest fashion labels — the Louis Vuitton and Dior brands — as well as champagne. from Business of Fashion https://ift.tt/5IwZ9dG

The tech heavyweight announced a new feature letting users see how a garment would look on a wide range of models using the AI technique underlying some of the most popular and powerful AI image generators. from Business of Fashion https://ift.tt/4lAfxVt

LVMH is increasing its use of Epic Games’ technology to create new virtual experiences across its brands, such as virtual fitting rooms and fashion shows and digital twins, the luxury conglomerate announced on Wednesday at the Viva Technology conference in Paris. from Business of Fashion https://ift.tt/nONkgza

Stitch Fix, an online personal styling service, appointed Matt Baer as its new chief executive officer. from Business of Fashion https://ift.tt/x0nlUBo

The edition will also cover some of the other countries that were once part of Yugoslavia in Europe’s western Balkan region including Bosnia & Herzegovina and Montenegro. from Business of Fashion https://ift.tt/CtIADv7

An array of emerging brands are attempting to glamourise and destigmatise everything from periods to hot flashes. from Business of Fashion https://ift.tt/PZEVz0r

The wealthy may be in a mood to splurge but middle-class consumers remain cautious six months after the end of ‘zero-Covid’ policies due to mixed signals in the Chinese economy. from Business of Fashion https://ift.tt/eR7HqiM

EU antitrust regulators who raided Kering’s Gucci and other fashion firms in April are looking into how they set prices of handbags and leather goods for distributors, three people with direct knowledge of the matter told Reuters. from Business of Fashion https://ift.tt/P7TSOEA

They are joined by Nina Christensen and Anne Holtrop, and will guest design two limited-edition collections. from Business of Fashion https://ift.tt/kGtpxwX

The State of Fashion: Beauty explores why outsized influence of today’s teens and twentysomethings over consumer industries mean beauty brands face a fast-changing challenge to adapt their businesses — from marketing to pricing strategies — to remain attractive to this hugely discerning cohort. from Business of Fashion https://ift.tt/fzMdRuw

At the inaugural The Business of Beauty Global Forum in Napa Valley, BoF sat down with Unilever Prestige CEO Vasiliki Petrou to discover why she believes new media channels, more immersive content and a laser focus on customer experience are critical to unlocking future growth in the beauty industry. from Business of Fashion https://ift.tt/lKyr9dG

Rose and Nash were the highlights of a truncated London Fashion Week, reports Susanna Lau. from Business of Fashion https://ift.tt/n36vhDI

Air Afrique, a Black-owned, Paris-based collective founded by creatives Lamine Diaoune, Djiby Kebe and Jeremy Konko, will launch a new print magazine during Paris Fashion Week on June 23. from Business of Fashion https://ift.tt/dhe67s9

New-York based streetwear giant Supreme generated revenues of $523.1 million for the year ended March 2023, down from $561.5 million in the same period the year before, according to parent company VF. Corp’s annual report. from Business of Fashion https://ift.tt/ArJwHig

Gen-Z sports stars like Angel Reese and Shai Gilgeous-Alexander have become unlikely ambassadors for cosmetics brands, connecting them to underserved communities. Some are even bypassing partnerships to launch beauty ventures of their own. from Business of Fashion https://ift.tt/U7j9gYR

A host of buzzy emerging designers will bring the hipster-meets-hiking trend to Italy, while heritage labels are riding high on the craze for pricey, muted style. That, plus what else to watch for this week. from Business of Fashion https://ift.tt/YI38o9P

The online marketplace favoured by models and influencers has been a brick-and-mortar retail holdout, but its newest storefront could change that. from Business of Fashion https://ift.tt/Lf5rOs2

Ball, who joined WSJ. Magazine as digital director in 2018, will fill the role vacated by Kristina O’Neill, who exited the publication in April. from Business of Fashion https://ift.tt/wp5AgQ6

Retailers have long regarded the e-commerce behemoth as an existential threat, but it’s becoming increasingly difficult to ignore the benefits of selling on the platform — especially when a sales boost is badly needed. from Business of Fashion https://ift.tt/dL3BkrY

On Friday, Pemsel revealed the strategic priorities the industry body would focus on during his tenure. from Business of Fashion https://ift.tt/XnCWIhU

Discover the most exciting career opportunities now available on BoF Careers — including jobs from PVH, Prabal Gurung and Gant. from Business of Fashion https://ift.tt/5DuGZzH

Monica Arnaudo shares her thoughts in The State of Fashion: Beauty on how the beauty industry will increasingly prioritise mixing products and services that emphasise the mind, body, spirit and “feeling good” into daily routines. from Business of Fashion https://ift.tt/xdAzPso

Over the last three decades, a combination of local and global forces have twice reshaped the Australian fashion industry, creating pressures that make it harder for independent designers to thrive. from Business of Fashion https://ift.tt/eBjSH7g

The Kardashian-Jenner clan continues to dominate on TikTok, as well as Makeup By Mario’s new blush. from Business of Fashion https://ift.tt/wzI89Gl

ByteDance aims to more than quadruple the size of the platform's global e-commerce business to as much as $20 billion in merchandise sales this year, banking on rapid growth in Southeast Asia. from Business of Fashion https://ift.tt/swPu0JC

The fast fashion giant, better known for its reputation of knocking off creativity than fostering it, has teamed up with thousands of designers and artists since 2021. Some say the move is all PR, others say it helps aspiring designers get a foot in the door. BoF unpacks what it’s really like inside SheinX. from Business of Fashion https://ift.tt/PDToeYH

Neiman Marcus’s third-quarter earnings declined as the retailer was forced to offer more promotions to contend with weaker demand for luxury goods, according to people with knowledge of the closely held firm’s financial results. from Business of Fashion https://ift.tt/Sjf6GF7

Telfar said Wednesday that next week’s Bag Security Program drop would be its last. from Business of Fashion https://ift.tt/aoWLyiP

Prada and Ermenegildo Zegna on Tuesday said they have acquired a minority stake in Luigi Fedeli e Figlio, highlighting the importance of high-quality knitwear in the luxury segment. from Business of Fashion https://ift.tt/MNXToQd

The company said on Wednesday sales of its spring-summer collection gathered pace to jump 16 percent in May, as the retailer mitigates higher wage costs and keeps customers onside during a cost of living crisis. from Business of Fashion https://ift.tt/6h1dBRF

The brand’s quirky running sneakers are no longer a novelty as rivals like Nike, Adidas and On launch similar styles. Yet sales continue to soar as consumers embrace its winning formula of comfort, versatility and unconventional looks. from Business of Fashion https://ift.tt/zeSTuh3

The luxury brand launched its first saleable NFTs, and at €39,000, consumers can purchase one of Louis Vuitton's Via Treasure Trunks. from Business of Fashion https://ift.tt/QdwgV6c

Investors will closely watch Zara owner Inditex’s profit margins for any signs of weakness after a stellar series of results confirmed its lead over smaller Swedish rival H&M. from Business of Fashion https://ift.tt/IxGpg4h

After launching Victoria’s Secret beauty products on Amazon, the lingerie brand is expanding to include apparel on the retail platform. from Business of Fashion https://ift.tt/S508lxK

China’s jewellery market is surging double-digits but in the face of growing competition from local players some international brands are only seeing subdued returns. from Business of Fashion https://ift.tt/eH5ktJu

The State of Fashion: Beauty finds that brands have a growing opportunity to tap into emerging wellness subcategories — from sleep to sexual intimacy to ingestible beauty — by upgrading existing products or expanding portfolios, provided they do so with credibility and authenticity. from Business of Fashion https://ift.tt/2sgeDGT

The tech giant unveiled its new augmented-reality headset, showing off a variety of features and uses as it tries to create the first mainstream consumer hit in the category. from Business of Fashion https://ift.tt/F2mjgZk

Luxury fashion house Armani Group has started an experimental agroforestry plantation in southern Italy to test new ways to produce cotton sustainably, it said on Monday. from Business of Fashion https://ift.tt/btacuWl

Sciuto will take up the chief executive role at the OTB-owned label next month, succeeding Gianfranco Gianangeli. from Business of Fashion https://ift.tt/21YMJ56

Dash Hudson chief marketing officer Kate Kenner Archibald joined BoF’s Alice Gividen to discuss the channels that matter, key strategic approaches and the metrics to measure for fashion and beauty SMEs today. from Business of Fashion https://ift.tt/OM3c2Wz

Founder Mohammed Ashi becomes the first couturier from the Gulf region known to join the Fédération de la Haute Couture as a guest member and will show on the official calendar on July 6. from Business of Fashion https://ift.tt/iu5Mk87

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/yoEgPuC

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/TVEMNQ0

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/AqinGm3

While 2020′s racial reckoning promised sweeping industry change, progress has been slow. Today, Black beauty brands are hoping to court their consumers in more creative ways. from Business of Fashion https://ift.tt/KXyqTWA

Apple’s expected announcement of its mixed-reality headset on June 5 will undoubtedly shape expectations about the metaverse. Many in the fashion industry will be keeping close watch. That, plus what else to watch for in the coming week. from Business of Fashion https://ift.tt/gIYFamN

Enninful will transition to a new global advisory role, while ‘having the freedom to take on broader creative projects,’ he said in a memo to staff. from Business of Fashion https://ift.tt/LuXgKhw

Discover the most exciting career opportunities now available on BoF Careers — including jobs from & Other Stories, 16Arlington and Modeworld PR. from Business of Fashion https://ift.tt/9aC4uny

The EU parliament has backed recommendations to toughen proposed measures to tackle the excessive production and consumption of fashion. from Business of Fashion https://ift.tt/eVr1wCZ

The luxury brand committed to a three-year lease for the ground-level retail space at Capitol Centre starting in mid-May, according to government records. from Business of Fashion https://ift.tt/pbfiZNu

As digital advertising costs climb, fashion brands are embracing events like in-store happy hours, trunk shows and parties in various formats to generate brand awareness and drive sales. from Business of Fashion https://ift.tt/NYorZUm

The activewear brand’s revenue rose 24 percent year-over-year to $2 billion, reflecting growth driven by China, a successful loyalty programme and new categories from Business of Fashion https://ift.tt/wBgYc10