Media Hype

Facing a competitive landscape and unreliable online shoppers, brands can no longer rely on a traditional points-based offering to drive repeat purchases. from Business of Fashion https://ift.tt/QHVAZob

L Catterton is set to launch an initial public offering of Birkenstock as soon as September that may value the iconic footwear maker at more than $8 billion, people with knowledge of the matter said. from Business of Fashion https://ift.tt/usPYUBp

Amazon Inc. will double the number of US same-day delivery facilities in the “coming years,” the company announced Monday; investment executives are counting on to maintain Amazon’s lead in the $1.4 trillion online shopping market. from Business of Fashion https://ift.tt/A0cVPRp

After a series of multi-billion dollar M&A deals, global beauty giants are taking an alternative route: reviving sleeper labels at the top end of the market. from Business of Fashion https://ift.tt/dBEMZly

The German sportswear maker signed a further 10-year contract that will keep its famous stripes and logo on the players’ shirts until 2035. The deal is worth at least £900 million ($1.2 billion). from Business of Fashion https://ift.tt/w6gTCkO

As part of the tie-up, the beauty brand is releasing limited “Disney” editions of her best selling products and opening a themed pop-up at Selfridges. from Business of Fashion https://ift.tt/PwHfQpo

Having previously held buying roles at the likes of Net-a-Porter and Threads Styling, Linda Ayepe shares the importance of researching niche trends and finding job opportunities outside of a fashion capital. from Business of Fashion https://ift.tt/WdrAlZy

Yasmeen Mjalli works with women’s collectives to create clothes that use traditional craftwork to tell stories of Palestinian life under Israeli occupation. from Business of Fashion https://ift.tt/TdAREMz

Millions of low-cost fashion products are showing up in thrift stores and on resale sites, but that’s not curbing the industry’s primary growth. from Business of Fashion https://ift.tt/6IEvtxX

The cosmetics chain Lush paid its managers £5 million in bonuses last year while taking £5.1 million in government support and recording a 90 percent drop in profits. from Business of Fashion https://ift.tt/vidZXgT

As FIFA’s Women’s World Cup tournament continues, the chance for brands to get in front of its growing audience is exponential. That, and what else to watch for in The Week Ahead. from Business of Fashion https://ift.tt/dRaJxmV

Luxury shoe designer Tamara Mellon is partnering with licensing company Titan Industries to operate and manufacture her namesake brand, the two companies announced Friday. from Business of Fashion https://ift.tt/M2eXVa0

The deal with the Italian shoe brand boosts hard-luxury specialist Richemont’s position in the fashion space. from Business of Fashion https://ift.tt/4DInCbf

Some mid-tier priced luxury watches including models by Omega and Cartier outperformed as prices for the most popular and higher-end Rolex, Patek Philippe and Audemars Piguet models kept falling on the secondary market. from Business of Fashion https://ift.tt/nEkCQGl

Sales at the Birkin bag maker accelerated in the second quarter, contrasting with softening demand at several key rivals. from Business of Fashion https://ift.tt/3BovHS7

Puig-owned Jean Paul Gaultier is collaborating with London-based womenswear brand KNWLS on a collection of over 40 tops, jackets, trousers and dresses, set to debut on Sept. 8. The items are priced €290 to €2700 ($319 to $3000), and will be sold at Ssense, MyTheresa, The Webster, FWRD and Net-A-Porter. from Business of Fashion https://ift.tt/tWIZz4F

France wants to work with China on common standards for cosmetics after the European Union raised concerns that Beijing’s requests for companies like L’Oréal and LVMH to store their product information in its’ database could end up surrendering trade secrets under the guise of product safety. from Business of Fashion https://ift.tt/UgclWiv

Star designer Phoebe Philo is one step closer to launching her new namesake label. Today, the brand, which is set to debut digitally in September, began registering customers at phobephilo.com, fuelling anticipation amongst her fanbase of “Philophiles.” from Business of Fashion https://ift.tt/86DQ0IG

Like-for-like retail sales at Miu Miu soared 50 percent year on year, supported by the brand’s high exposure in Asia where Chinese spending is rebounding strongly. from Business of Fashion https://ift.tt/v2WxMwR

The “Euphoria” makeup style popularised by Donni Davy is the biggest trend beauty has seen since contouring. Now, her brand, Half Magic, is readying itself to take on cosmetics giants with an Ulta Beauty launch. from Business of Fashion https://ift.tt/idj5JhL

Gap’s new CEO is regarded as the architect behind Barbie’s sensational comeback. Can he replicate the playbook to save a $15 billion fashion empire? from Business of Fashion https://ift.tt/7SaKz9A

Edward Sexton, who was a British Savile Row tailor, fashion designer and manufacturing consultant, died on Wednesday. He was 80-years-old. from Business of Fashion https://ift.tt/c2Qr1Dq

Brazilian designer Karoline Vitto is the newest designer to take part in “Supported by Dolce&Gabbana,” a programme by the Italian fashion brand created to champion emerging talent. Past participants include Miss Sohee, Matty Bovan, Tomo Koizumi. from Business of Fashion https://ift.tt/GrAxROe

One company using artificial intelligence to help fashion businesses identify their links to China’s Xinjiang region received a public vote of confidence last week when it struck a multi-year deal with US Customs and Border Protection. from Business of Fashion https://ift.tt/MRJ4PDO

Total supply on the secondhand market is starting to decline but overall inventory levels remain elevated, the report from Morgan Stanley analysts led by Edouard Aubin and WatchCharts said. from Business of Fashion https://ift.tt/edFz1oG

Puma’s second-quarter sales grew by 11 percent, the company reported on Wednesday, slightly ahead of market expectations thanks to stronger revenues from Asia and Europe. from Business of Fashion https://ift.tt/cY3LQsd

The cult designer’s sellout tie-up with Nike for the US women’s national soccer team demonstrates the sport’s soaring star power and opportunity for brands to cash in on the Women’s World Cup. from Business of Fashion https://ift.tt/Fs6oX93

TheWrap, a website that covers the media and entertainment industries, has tapped fashion publishing veteran Stefano Tonchi as executive editor for TheWrapBook, a forthcoming biannual coffee table book focussed on fashion in Hollywood, and a consulting style editor for TheWrap. from Business of Fashion https://ift.tt/IM9NjYh

Unilever Plc shares advanced as the maker of Dove soap moderated price increases on personal care and beauty products, leading to a rebound in purchases by shoppers. from Business of Fashion https://ift.tt/YWFhijS

The Louis Vuitton owner and its brands will be front-and-centre at the Paris 2024 games, deepening the conglomerate’s ties to the world of sport. from Business of Fashion https://ift.tt/Yr3Kb8u

Valentino on Monday announced a reconfiguration of its C-suite as the luxury brand looks to reposition its brand, grow its e-commerce business and expand its presence globally. from Business of Fashion https://ift.tt/VEOr38A

Adidas AG improved its guidance for the year after starting to sell its inventory of Yeezy sneakers from a cancelled partnership with the rapper and designer Kanye West. from Business of Fashion https://ift.tt/ot4QwFz

British Vogue editor-in-chief Edward Enninful confirmed via a post on the magazine’s Instagram account that the March 2024 issue will be his last issue at the helm of the publication. from Business of Fashion https://ift.tt/mKBAZcg

The magazine, the latest Vox Media company to launch a retail platform, will sell branded merchandise online. from Business of Fashion https://ift.tt/209J5zA

The Modernization of Cosmetics Regulations Act (MoCRA) transforms the US cosmetics landscape from a self-governing body to a federally regulated industry. And with the first deadline just months away, brands need to take heed of new FDA guidelines. from Business of Fashion https://ift.tt/vIdgYjG

The relaunch comes as the company raises £350,000 in funding led by entrepreneur Carmen Busquets and Indigital co-founder Matthew Pollock. from Business of Fashion https://ift.tt/WcN26Hf

Adidas got orders worth more than €508 million ($565 million) for 4 million pairs of unsold Yeezy shoes, better than the company’s “most optimistic forecast,” the Financial Times reported on Monday. from Business of Fashion https://ift.tt/l5v3iRP

After years of fueling growth at luxury brands, the group — which typically opts for entry-level accessories — pulled back sharply on spending in the first half of 2023. BoF unpacks what happened and what’s to come. from Business of Fashion https://ift.tt/Pa53UqY

The French-Italian owner of the Ray-Ban and Oakley eyewear brands was sued for allegedly scheming with competitors to inflate prices by as much as 1,000 percent. from Business of Fashion https://ift.tt/VYEzv70

Bluebell Capital has taken a stake in French luxury group Kering and is pushing for change, including looking at a tie-up with Cartier-owner Richemont, two sources close to the matter told Reuters on Wednesday. from Business of Fashion https://ift.tt/Zs63KlN

LVMH, Kering and Prada are among the companies who will seek to reassure the market this week after mixed-bag earnings resulted in a luxury sell-off. That, plus what else to watch for in The Week Ahead. from Business of Fashion https://ift.tt/Zr4fsYn

Fast-fashion giant Shein spent $600,000 on US lobbying efforts in the second quarter as it continues to face questions from lawmakers about forced labor and its opaque supply chain. from Business of Fashion https://ift.tt/0J6RSYp

Following this week’s announcement that longtime Gucci chief Marco Bizzarri will exit the company in September, Imran Amed shares his top picks for one of the top jobs in the global luxury industry. from Business of Fashion https://ift.tt/STrMK4j

Workers in Hollywood and fashion share many of the same grievances, from compensation to the artificial intelligence threat. Could a labour reckoning be in the apparel industry’s future too? from Business of Fashion https://ift.tt/e9zQIwa

What do Poolside FM and Isamaya Beauty have in common? Their founders have created brands with unique yet relatable identities. from Business of Fashion https://ift.tt/Ua75mIR

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

Record temperatures in Europe, the US and Asia this summer point to the real and present risks of climate breakdown. Fashion isn’t ready. from Business of Fashion https://ift.tt/GmzA06P

Luxury spending may be flagging, and Miami has lost some of its pandemic-era heat. But there are plenty of opportunities for fashion brands if they know where to look. from Business of Fashion https://ift.tt/naIdisr

More than a decade after releasing her first fragrance, Heat, Beyoncé is launching a new scent, Eau De Parfum in November. from Business of Fashion https://ift.tt/p8L6cQO

Hearst Magazines has laid off a number of editorial employees, affecting brands including Cosmopolitan, Seventeen, Elle, Harper’s Bazaar and more. from Business of Fashion https://ift.tt/2AwfDr8

The former Disney star’s brand has seen increasing popularity thanks to social media platforms like TikTok and Instagram. from Business of Fashion https://ift.tt/FCTegDB

Filters take centre stage on BeautyTok this week, namely the Age, Barbie and Celebrity Makeup Brands filters. from Business of Fashion https://ift.tt/JnPAiot

The industry needs next-generation materials to meet its climate commitments, and quality, not capital, is the most important nut to crack, argues MycoWorks CEO Matthew Scullin. from Business of Fashion https://ift.tt/kcALtBJ

On its first day of trading, Oddity shares jumped 40 percent, giving the parent company of Il Makiage a $2.73 billion valuation. from Business of Fashion https://ift.tt/V9zcSDR

Skims, the shapewear and intimates brand created by Kim Kardashian, has raised $270 million in a Series C funding round that values it at $4 billion, the company announced Wednesday. That’s up from its previous valuation of $3.2 billion in 2022. from Business of Fashion https://ift.tt/btHYnOi

Employees at The Estée Lauder Companies offices around the world remain locked out of their email and other key functions after a third party gained access to some of the beauty conglomerate’s IT systems, according to people familiar with the situation. from Business of Fashion https://ift.tt/iqj7a54

The French luxury giant will stage its annual craftsmanship showcase in the UK’s second-wealthiest city on December 7th. from Business of Fashion https://ift.tt/EdRx0JZ

The copying claims in the latest lawsuit against Shein are the sort fast-fashion retailers have fended off for years. Where they take a new turn is their assertion that Shein’s infringement is driven by an algorithm. from Business of Fashion https://ift.tt/xiSG7W5

The Series C funding round led by investment firm KKR with participation from Wellington Management will bring the company’s valuation to about $2.76 billion. from Business of Fashion https://ift.tt/0jXExfQ

Influencer trips have come roaring back post-pandemic, sometimes to an opulent degree. A growing number of brands are toning down their events to deepen creator relationships without a PR headache. from Business of Fashion https://ift.tt/HfjkpCM

US retail sales rose by less than forecast, while an underlying measure of household spending pointed to a more resilient consumer at the end of the second quarter. from Business of Fashion https://ift.tt/woCSfJr

This week’s global markets round-up of fashion business news also features H&M’s new partner for Brazil, Chinese sportswear giant Anta and Indian sneaker start-up Flatheads. from Business of Fashion https://ift.tt/Fx0GkdM

High-end jeweller Bulgari has come under fire on Chinese social media on Tuesday for listing Taiwan as a separate country on an overseas website. from Business of Fashion https://ift.tt/ECBog3i

Gavazza, who joins the brand from LVMH-owned Bulgari, will take up the position on September 18, the brand said. from Business of Fashion https://ift.tt/OF94QiM

Top shareholder Boohoo sought board changes at the company last month, calling for better management after questions over its 2022 accounts. from Business of Fashion https://ift.tt/raWD3Fu

While red carpets have momentarily dried up for brands and stylists, the SAG and WGA’s simultaneous strikes pose an unlikely opportunity for fashion companies to tap celebrity talent. from Business of Fashion https://ift.tt/JraVdjb

Fashion retailer H&M will launch stores and online trade in Brazil in 2025, the company said on Monday. from Business of Fashion https://ift.tt/EAeHZrW

Chinese e-retailer Temu has filed a new lawsuit accusing rival Shein of violating US antitrust law in its dealings with clothing manufacturers, escalating a legal clash for dominance in the fast-fashion market. from Business of Fashion https://ift.tt/rj0gDAV

With luxury names like LVMH and Kering revving up their beauty businesses, pure play competitors need to safeguard their most prized possessions: their people. from Business of Fashion https://ift.tt/iXTzcSQ

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/F3DQLhi

The Swiss watchmaker has filed a lawsuit against the Malaysian government for confiscating rainbow-coloured watches that celebrate LGBT rights, in an act the company says has damaged its reputation. from Business of Fashion https://ift.tt/JEMb9L4

The adult-film-turned-social-media star, who is quickly becoming a force in fashion, launched jewellery line Sheytan this week alongside former Ye and Virgil Abloh collaborator Sara Burn. She has a knack for generating conversation online, but sustaining a brand represents a whole new challenge. from Business of Fashion https://ift.tt/d1xXRw8

Driven partly by nostalgia and partly by the trend for 1990s and Y2K styles, people are snatching up products from Gap's heyday. But those same shoppers aren’t necessarily buying what Gap has in stores now. from Business of Fashion https://ift.tt/PBpIZoN

The British French actress and singer, who died on Sunday, embodied changing ideas of femininity and influenced fashion far beyond the Hermès bag that famously bears her name. from Business of Fashion https://ift.tt/qPfJTC1

Il Makiage owner Oddity Tech’s stock-market debut could be the start of a wave of fashion and beauty listings. That, plus what else to watch for in the coming week. from Business of Fashion https://ift.tt/iVYvnML

The celebrated menswear designer joins BoF’s Imran Amed to discuss the evolution of his career in fashion from selling secondhand clothes to building his own brands. from Business of Fashion https://ift.tt/gi3mUqc

Italy’s luxury fashion groups, which for decades jealously guarded their independence, have started teaming up to protect their supply chains and the Italian roots of smaller companies, showing a new spirit of collaboration. from Business of Fashion https://ift.tt/VFNt19k

Declines in the US were offset by recovery of Chinese spending, with total comparable store sales for the quarter up 18 percent. from Business of Fashion https://ift.tt/yjIAau4

Luxury tycoon is in advanced discussions to buy a majority stake in Creative Artists Agency, according to people familiar with the matter, potentially adding another international trophy asset to the portfolio of a French billionaire. from Business of Fashion https://ift.tt/2vJAlBp

Britain’s cost of living crisis continues to escalate. Yet a number of brands still see ample opportunity in the market. Why? from Business of Fashion https://ift.tt/YbJ5yrW

A new owner, media-friendly strategy and an upcoming Brad Pitt film have helped catapult Formula One into the cultural spotlight. For brands, there are untapped opportunities in the sport – “like a Super Bowl every weekend”. from Business of Fashion https://ift.tt/vCQkP2J

The industry is becoming incrementally more transparent, but big brands still fail to disclose critical information about their environmental and social impact, according to this year’s Fashion Transparency Index. from Business of Fashion https://ift.tt/CncQxLt

Omega’s sales have recovered and surpassed pre-Covid levels, CEO Raynald Aeschlimann said. But aggressive price hikes, step-and-repeat marketing and an authenticity scandal could challenge the Swatch-owned brand’s ascent. from Business of Fashion https://ift.tt/L6QwFJu

Nike Canada Corp. and Dynasty Gold Corp. are being investigated by a Canadian government agency for allegedly using forced Uighur labour in their supply chains and operations. from Business of Fashion https://ift.tt/ZH4swVn

For brands engineered by larger-than-life visionaries, like Savage x Fenty or Ralph Lauren, the first leadership transition can be complicated — but eventually rewarding. from Business of Fashion https://ift.tt/NyC3VGn

Wealthy shoppers looking for exclusive beauty products and bespoke experiences have been underserved. But that may change soon, according to The State of Fashion: Beauty. from Business of Fashion https://ift.tt/RKX5mIU

Italian luxury fashion group Tod’s said on Wednesday that creative director Walter Chiapponi was leaving the company “by mutual agreement” after four years. from Business of Fashion https://ift.tt/WD1pbn3

Instalment payment services helped fuel sales for years. But high interest rates could soon have shoppers pulling back. from Business of Fashion https://ift.tt/m71YI0O

Nike Canada Corp. and Dynasty Gold Corp. are being investigated by a Canadian government agency for allegedly using forced Uyghur labor in their supply chains and operations. from Business of Fashion https://ift.tt/vxAuaGq

UK-based Revolution Beauty’s Chief Executive Officer Bob Holt would quit the beauty products retailer if there is a settlement with top shareholder Boohoo over board changes, Sky News reported on Tuesday. from Business of Fashion https://ift.tt/1sWrewc

Amazon sellers say that Temu sellers are copying their listings and eating away at their sales. from Business of Fashion https://ift.tt/up2TBym

Join us on Thursday, July 27 at 14:00 BST / 9:00 EDT for our next BoF Insights Masterclass as BoF’s director of research and analysis Diana Lee and senior research lead Benjamin Schneider, along with a panel of experts discuss the evolution of Chinese luxury shoppers, drawn from our latest insights report “Dynamic Journeys: China’s Luxury Shoppers at Home and Abroad.” from Business of Fashion https://ift.tt/slJ0brU

Beauty brands are marketing “athletic skin care” grooming routines and science-backed ingredients alongside high-risk celebrity endorsements. from Business of Fashion https://ift.tt/IWnzTZ1

This week’s round-up of fashion business news from global markets also features Japanese apparel major Sanyo Shokai, Dubai’s lab-grown diamond sector and Mexico’s beauty services start-up Glitzi. from Business of Fashion https://ift.tt/MpagrL2

The Nairobi-based start-up will use the pre-seed funding to trial regional delivery services across the wider East Africa region in markets like Tanzania, Uganda and Rwanda. from Business of Fashion https://ift.tt/OQf0h4c

Chinese fashion and beauty customers — long pivotal for the global luxury market — are reshaping how and where they shop, according to BoF Insights’ new report. from Business of Fashion https://ift.tt/Md81NZr

Israel-based Oddity Tech will seek a valuation of up to $1.7 billion in its US initial public offering (IPO), the beauty and wellness products company said on Monday. from Business of Fashion https://ift.tt/Gd4CJRt

The US-based beauty conglomerate is exploring a dual listing on the Paris Stock Exchange, citing access to new investors and a desire to shore up its French heritage. What a listing’s structure and benefits would look like remain to be seen. from Business of Fashion https://ift.tt/o569c0Y

Gucci-owner Kering paid €3.5 billion ($3.83 billion) for acquiring high-end French fragrance label Creed in June, the Financial Times reported. from Business of Fashion https://ift.tt/WImkbJ0

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/7sRUqiS

Luca Solca examines Prada Group CEO Andrea Guerra’s push to double retail space productivity at its flagship brand. from Business of Fashion https://ift.tt/szjiR5f

The Italian tennis player carried a Gucci duffel bag onto the court at Wimbledon, marking a changing of the fashion guard in the tradition-bound tennis world. from Business of Fashion https://ift.tt/qkxf8Q0

The e-commerce giant’s rivals are planning their own sales events, while Shein and Temu are luring consumers with the promise of year-round discounts. That, plus what else to watch for in the week ahead. from Business of Fashion https://ift.tt/w4AWb0h

Discover the most exciting career opportunities now available on BoF Careers — including jobs from Calvin Klein, Rixo and Birger Christensen from Business of Fashion https://ift.tt/7wfqcFA

On Monday at 10 a.m., a swarm of extremely well-heeled clients — dressed in Schiaparelli looks, holding Schiaparelli bags and wearing bright gold Schiaparelli jewellery, often the same pieces, from the same collections — proceeded en masse into the Petit Palais in Paris. from Business of Fashion https://ift.tt/fw7ciUK

Rumours of a public listing have swirled around the e-commerce giant for years, but geopolitical tensions, a volatile stock market and scrutiny from US lawmakers keep postponing the event. Recent reports indicate an end is in sight, however. from Business of Fashion https://ift.tt/N6AIxuT

British fashion designer Samuel Ross opens up to BoF editor-in-chief Imran Amed about his work to foster more diversity in fashion. from Business of Fashion https://ift.tt/5tP6SRs

Britain’s biggest sportswear retailer JD Sports Fashion said on Friday it will pay €500.1 million ($544.9 million) to buy out the minority investors in its Iberian business as it progresses an ambitious expansion plan. from Business of Fashion https://ift.tt/X2Ipzcq

The private equity firm L Catterton is considering strategic options for Birkenstock including an initial public offering, according to people familiar with the matter. from Business of Fashion https://ift.tt/pz37bx8

The private equity firm is considering strategic options for Birkenstock including an initial public offering, according to people familiar with the matter. from Business of Fashion https://ift.tt/FbRd49U

Last week, Allbirds unveiled what it labels ‘the world’s first zero-carbon shoe.’ It’s a bold claim that puts the brand on the frontlines of one of fashion’s most fraught sustainability debates. from Business of Fashion https://ift.tt/3RT4DAF

Is it a love story, a murder mystery, or the last day of the couture shows? asks Tim Blanks. from Business of Fashion https://ift.tt/gwCp1I9

Designer Peter Hawkings will stage his debut runway for Tom Ford during Milan Fashion Week in September. While much of its manufacturing and operations are based in Northern Italy, the brand was historically a staple of the New York Fashion Week calendar. from Business of Fashion https://ift.tt/MxsiJuf

Strong design signatures from the past prove you can go back to the future at Balenciaga and Jean Paul Gaultier, writes Tim Blanks. from Business of Fashion https://ift.tt/atHbQgU

The European Commission on Wednesday proposed what would be the EU’s first law to improve soil health, aimed at curbing degradation caused by intensive farming and the worsening impact of climate change. from Business of Fashion https://ift.tt/4wquB7x

Hong Kong-born American singer Coco Lee died at 48 on Wednesday following a suicide attempt that left her in a coma, Lee’s two sisters, Carol and Nancy Lee, said in a statement posted on Instagram and Facebook. from Business of Fashion https://ift.tt/DORLh9u

German flavour and fragrance maker Symrise has challenged dawn raids conducted by EU antitrust regulators four months ago and asked Europe’s second highest court to annul information collected during the raids. from Business of Fashion https://ift.tt/RMP0LJO

The social media platform’s shopping program is its fastest-growing feature, with a burgeoning fan base in Southeast Asia. from Business of Fashion https://ift.tt/CSLK5aW