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Showing posts from September, 2023

Phoebe Philo Launch Set for October 30

On Saturday, subscribers to Philo’s mailing list received an email confirming the launch date along with a fast-moving GIF of flashing images teasing a glimpse of her creative vision for the label for the first time. from Business of Fashion https://ift.tt/vq3YwNz

Paris Day Five: Civilised Subversion at Loewe

After ten years as creative director, Jonathan Anderson has defined a new attitude for the Spanish brand from Business of Fashion https://ift.tt/MAgOiTD

What The BoF 500 Class of 2023 Says About How Fashion Is Changing

In addition to major fashion hubs like the US, UK, France and China, our latest additions to the BoF 500 come from emerging markets from Nigeria to Thailand. from Business of Fashion https://ift.tt/5NXCZOU

French Prosecutor Probes Transactions Involving LVMH’s Arnault

The Paris public prosecutor’s office confirmed on Friday that it is investigating financial transactions involving LVMH owner Bernard Arnault and Russian businessman Nikolai Sarkisov. from Business of Fashion https://ift.tt/FgRZnxi

The BoF Podcast | Peter Hawkings on His Tom Ford Debut

Tom Ford’s new creative director opens up to Imran Amed about his progression in the fashion industry and his first womenswear collection for the brand. from Business of Fashion https://ift.tt/AdNq2gZ

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/qVPT3z5

Introducing The BoF 500 Class of 2023

Explore the latest additions to The Business of Fashion’s definitive index of the people shaping the global fashion industry of today and tomorrow. from Business of Fashion https://ift.tt/7leSEvR

Paris Day Four: Dressing With Abandon

The fearlessness of Rick Owens and Daniel Roseberry at Schiaparelli ought to be inspirational for the fashion industry, writes Tim Blanks. from Business of Fashion https://ift.tt/pQYZJS0

Nike Misses Quarterly Sales Estimates as Demand Tapers

Nike missed Wall Street estimates for first-quarter sales on Thursday, fanning fears that demand for its sneakers is tapering amid tight consumer spending and increasing competition from newer brands. from Business of Fashion https://ift.tt/dEsx1Wa

Coty Lists on Euronext Paris

The New York-based parent of CoverGirl and Kylie Cosmetics made its debut on the Paris Stock Exchange today, offering 33 million common shares at €10.28 ($10.80). from Business of Fashion https://ift.tt/YlPHWIV

Tyler, the Fragrance Creator

Long known for his music and fashion influence, the multi-hyphenate reflects on his expanding beauty business. from Business of Fashion https://ift.tt/gBPOmvX

How Shein Wound Up in the Luxury Fashion Business

The company’s recent move to a marketplace model has led to a flood of listings for brand new, high-end goods by third-party sellers. Brands aren’t happy, but there may not be much they can do. from Business of Fashion https://ift.tt/CBukaJD

At Milan Fashion Week, Industry Leaders Gather to Discuss Gender Equity and the Next Generation of Talent in Luxury

In a roundtable co-hosted by Bulgari and BoF, executives representing the likes of Gucci, Versace, Marni, Tod’s, Meta, McKinsey and more discussed topics such as female-identifying representation in leadership and sponsorship in the workplace. BoF shares key insights below. from Business of Fashion https://ift.tt/awzZqmJ

Paris Day Three: The Power of Memories at Dries Van Noten and Undercover

Two of the most evocative shows of the season, one firmly based in reality, the other existing in a melancholy dream realm, writes Tim Blanks. from Business of Fashion https://ift.tt/r5ywapb

Paris Day Two: A Stark Statement at Dior, A Change of Heart at Saint Laurent

How do Maria Grazia Chiuri and Anthony Vaccarello impose their personal idiosyncrasies on two of the biggest brands in fashion? from Business of Fashion https://ift.tt/uTA0i4o

Style Capital Acquires Soeur

Italian private equity firm Style Capital has acquired a majority stake in French contemporary apparel and accessories label Soeur, the two companies announced today. from Business of Fashion https://ift.tt/KzviOmf

What’s Next for Fashion’s Most Controversial Sustainability Tool?

After the SAC’s Higg Index became a central focus for greenwashing allegations, the trade group commissioned an independent review. Its recommendations include scrapping a stand-alone materials assessment and more work to improve the data. from Business of Fashion https://ift.tt/zHkcEhx

US Retailers’ Financial Losses Jump as Retail Crime Escalates

Organised crime rings in New York, San Francisco, Los Angeles and Houston are targeting retail inventories, causing more financial loss, according to a report by the National Retail Federation (NRF), a trade group representing US retailers. from Business of Fashion https://ift.tt/Gj2Lk6s

US Sues Amazon for Breaking Antitrust Law and Harming Consumers

The US Federal Trade Commission filed a long-awaited antitrust lawsuit against Amazon on Tuesday, charging the online retailer with harming consumers through higher prices in the latest US government legal action aimed at breaking Big Tech’s dominance of the internet. from Business of Fashion https://ift.tt/EmxOUiM

UK Fashion Retailer Asos Expects Profit at Low End of Guidance as Overhaul Falters

British online fashion retailer Asos reported a 15 percent fall in fourth-quarter sales and forecast earnings around the bottom of its guided range but said it was making progress with its turnaround plan. from Business of Fashion https://ift.tt/QqBJ6kW

E.l.f. Beauty Banks on Jennifer Coolidge Again

Following its successful Super Bowl ad with the actress, the brand is expanding its partnership with the “White Lotus” star. from Business of Fashion https://ift.tt/Nw3Gx47

China’s E-Commerce Discount Race to the Bottom Puts Incumbents Under Pressure

Discount e-commerce is set to dominate globally during the critical upcoming holiday shopping season in the West and Singles’ Day in China, analysts said. from Business of Fashion https://ift.tt/J3L1k0n

Are Luxury’s Biggest Brands Inflating Away Their Emissions?

Soaring luxury goods prices have boosted turnover at companies like LVMH and Kering, helping them to report reductions in their ‘emissions intensity’ — the volume of planet-warming gases released relative to revenue. from Business of Fashion https://ift.tt/Kn6aWJx

Cosmetics Maker Coty Submits Application to List on Paris Stock Exchange

Coty has submitted an application for dual listing of its shares on the Paris Stock Exchange, the company said on Monday, as the CoverGirl cosmetics parent looks to tap into European investor interest. from Business of Fashion https://ift.tt/Dp915Gc

Where Are the Fashion Auteurs?

Simplicity was everywhere in Milan this season. More rare was a sense of personal fashion authorship, writes Angelo Flaccavento. from Business of Fashion https://ift.tt/DGUuWmA

Hollywood Screenwriters Reach Deal to End Five-Month Strike

Striking Hollywood screenwriters reached a tentative new labour agreement with studios, including Walt Disney Co. and Netflix Inc., settling one of two walkouts that have shut down film and TV production. from Business of Fashion https://ift.tt/Gw5aKrt

EU Antitrust Regulators Set Deadline for Farfetch, Richemont Deal

EU antitrust regulators will decide by Oct. 20 whether to clear luxury e-commerce company Farfetch’s acquisition of a stake in online fashion retailer YOOX Net-A-Porter (YNAP) from Richemont, a European Commission filing showed. from Business of Fashion https://ift.tt/0qXwnIp

Pharrell Williams, Isamaya Ffrench, Karol G and Lorenzo Bertelli Are This Year’s BoF 500 Cover Stars

On Friday 29 September, The BoF 500 Class of 2023 will be unveiled. To mark the occasion, The Business of Fashion sat down with four members of The BoF 500 to discuss how they are shaping the future of the industry. from Business of Fashion https://ift.tt/CMLR5nk

Milan Day Four: Thinking of a Master Plan

Bottega Veneta, Jil Sander and Versace make radically different journeys though space and time for Spring 2024, writes Tim Blanks. from Business of Fashion https://ift.tt/zYwmbNQ

FTC Poised to Sue Amazon for Antitrust Violations

The Federal Trade Commission is expected to sue Amazon Inc. for antitrust violations next week, according to people familiar with the matter — marking the agency’s fourth swipe at the online retail giant this year. from Business of Fashion https://ift.tt/XyiwQcs

Comings and Goings at Paris Fashion Week

Key departures at Alexander McQueen, Chloé and more may kick off another round of designer musical chairs. That, plus, what else to watch for in the coming week. from Business of Fashion https://ift.tt/E6tsvW5

Can Lightning Strike Thrice at Gucci?

New designer Sabato De Sarno is thrown in at the deep end as the brand aims for a turnaround, writes Tim Blanks. from Business of Fashion https://ift.tt/jblYE4d

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/Qa9JwCA

Adidas CEO Gulden Apologises for Statements on Ye

Adidas AG chief executive officer Bjorn Gulden has apologised for questioning whether Ye, formerly known as Kanye West, really meant the antisemitic statements he made last year. from Business of Fashion https://ift.tt/XybwLCU

Why Didn’t Fashion Show Up for Climate Week?

This week, New York played host to one of the world’s largest climate confabs, but there was little visible presence from fashion’s biggest companies. If the industry doesn’t pull up a seat at the table, it risks getting left behind. from Business of Fashion https://ift.tt/nqRe9o8

The BoF Podcast | How to Break Into the Modelling Industry – and Last

BoF founder and editor-in-chief Imran Amed speaks to veteran modelling agent Chris Gay to understand the shifting power dynamics in the modelling industry and how models can build a career that stands the test of time. from Business of Fashion https://ift.tt/wGVMra4

In Paris, Glimpses of Azzedine Alaïa’s Unrivalled Fashion Archive

The late designer’s archive of nearly 20,000 pieces ranging from Madame Grès and Schiaparelli to Comme des Garçons and Gaultier is like a ‘real-life backup disk of 20th century fashion,’ writes Laurence Benaïm. from Business of Fashion https://ift.tt/n45WATM

The Miuccia-ness of Prada, the Gucci-ness of Tom Ford

While Miuccia Prada says goodbye to her longtime right hand, Tom Ford’s takes centre stage, writes Tim Blanks. from Business of Fashion https://ift.tt/7SNGCcV

Does High Fashion Cachet Matter in Skin Care?

Designer collaborations with beauty lines can offer shoppers status, but it’s unclear which party benefits more. from Business of Fashion https://ift.tt/69S2JLD

Milan, Day One: The Elegy and the Ecstasy

A solemn Fendi and a rave-y Diesel were both, in their own ways, studies in extremes, writes Tim Blanks. from Business of Fashion https://ift.tt/tO4xaVy

The Investment Giant Behind Some of Fashion’s Biggest Deals

L Catterton, the private-equity firm with close ties to LVMH and Bernard Arnault that’s preparing to take Birkenstock public, has become an investment giant in the consumer-goods space, with stakes in companies selling everything from fashion to pet food to tacos. from Business of Fashion https://ift.tt/OrCmPpi

How Good Growth Is Unlocking More Effective Customer Data Insights

The data and technology business has developed proprietary tools that allow analysis of customer engagement, marketing strategies and lifetime value, working with the likes of The Economist, MyTheresa and Diageo. BoF speaks to Good Growth’s CEO and co-founder to learn more. from Business of Fashion https://ift.tt/uGPdKT0

Carrera ‘Smart’ Glasses Set for US Launch by Safilo and Amazon

Italy’s Safilo and Amazon said on Wednesday they were launching new Carrera-branded “smart” glasses which employ Alexa technology and will be sold in the US market. from Business of Fashion https://ift.tt/9BcQt73

Unilever Looks to Sell Non-Core Brands

Unilever Plc has hired investment banks Morgan Stanley and Evercore Inc to sell a basket of non-core beauty and personal care brands that include Q-Tips and Impulse, reviving an effort it abandoned two years ago, according to people familiar with the matter. from Business of Fashion https://ift.tt/hRBYsV8

Why Puma Sees a Future in Virtual Products, Despite the NFT Bust

The sneaker brand has faced challenges in the year since it launched a 3D online space and introduced NFT-linked sneakers, but it sees a long-term opportunity ahead in virtual goods and experiences, including a chance to make them a significant part of its business. from Business of Fashion https://ift.tt/Shq0rxZ

The Meteoric Rise of the Tabi, Explained

Thanks to the viral “Tabi Swiper,” Maison Margiela’s iconic split-toe shoe shot to the centre of online conversation. But, the style has been on the rise for years, and may see more mainstreaming in the months to come. from Business of Fashion https://ift.tt/AXSULVj

Case Study | The Essential Brand Marketing Guide

Building emotional, even inspirational, connections to a product is more critical than ever in fashion and beauty. In today’s hyper-competitive, crowded environment, marketing strategies that make brands stand out and stay culturally relevant need a mix of old and new tactics. from Business of Fashion https://ift.tt/GfsNSVh

H&M Has Begun Charging for Returns

Fast fashion giant H&M has eliminated free returns for online purchases in the UK, where customers will now be required to pay £1.99 for both parcel and in-store returns. from Business of Fashion https://ift.tt/SsihBA9

HanesBrands Considers Sale of Athletic Apparel Maker Champion

As part of a strategic review, for which HanesBrands has tapped Goldman Sachs as an advisor, its board will consider a range of options, including a strategic transaction as well as continuing to operate the brand. from Business of Fashion https://ift.tt/63XhKqR

BoF Masterclass | The Essential Brand Marketing Guide

Join us for a BoF Professional Masterclass that explores the topic in our latest Case Study, “The Essential Brand Marketing Guide.” from Business of Fashion https://ift.tt/cMpyruP

How Small Brands Fund Fashion Shows on a Budget

For emerging designers, fashion shows are a rite of passage, and a means of building both media buzz and relationships with buyers. But even a basic show can cost up to $300,000. from Business of Fashion https://ift.tt/nR4s38O

Pandora Sees ‘Christmas Every Day’ With Lab-Grown Diamond Demand

Pandora A/S has found the sweet spot to seize on rising demand for lab-grown diamonds in the US and other markets, the company’s chief executive officer said, positioning it for long-term growth. from Business of Fashion https://ift.tt/PapiBkv

Luxury Shoppers Are Sobering Up but It’s Not All Bad News

Appetite for luxury is becoming universal, while the sky’s the limit for the top end of the market, writes Luca Solca. from Business of Fashion https://ift.tt/OVH62EX

Shein Vows to Cut Clothing Waste, but Can the Ultra-Fast Fashion Brand Really Change?

The Chinese company hopes to alleviate its environmental impact through programmes like EvoluShein, which focuses on producing garments out of recycled polyester and reducing waste from unsold clothes. from Business of Fashion https://ift.tt/5gqEzWt

Harry Styles’ Pleasing To Launch Fragrance

In August, the brand began teasing the launch of its three upcoming scents, Closeness, Rivulets and Bright, Hot, with peel-off fragrance strip samples in customers’ e-commerce orders. The scents, which will launch in October, were made in partnership with natural fragrance maker Robertet. from Business of Fashion https://ift.tt/EkzyYlU

Luxury Skin Care Label Eighth Day Receives Minority Investment From L Catterton

The capital will help the brand grow its executive team, expand its product assortment and reinforce its global presence. from Business of Fashion https://ift.tt/Vmr9PkL

Birkenstock Files for US IPO

The company will trade on the New York Stock Exchange under the symbol BIRK. from Business of Fashion https://ift.tt/zgERHk8

Daniel Lee’s Burberry: The Power of the Singular Object

Accessories are a major part of Daniel Lee’s brief at Britain’s biggest fashion brand. In an exclusive preview with Tim Blanks, the designer breaks down how his Spring/Summer 2024 collection addresses the challenge. from Business of Fashion https://ift.tt/CSQb1Zl

In London, Play with Plasticine and Messy Dressing

Susie Lau reports from the first half of London Fashion Week: JW Anderson, Roksanda, Molly Goddard and more. from Business of Fashion https://ift.tt/ZJvnjXa

Balmain Collection Robbed in Run-Up to Fashion Show, Designer Says

French fashion house Balmain has lost dozens of pieces due to be unveiled at a Paris show later this month after a lorry carrying the clothing was hijacked, its creative director Olivier Rousteing said. from Business of Fashion https://ift.tt/FB1dOKe

Pricing in Focus as Inditex Seeks to Maintain Its Edge Over Rivals

Zara owner Inditex, which was among the first fashion retailers to raise prices in response to surging inflation, is in a strong financial position as weakening demand for clothing puts pressure on the sector to lower prices, analysts say. from Business of Fashion https://ift.tt/RCrKxf8

Setting the Stakes for Gucci, Tom Ford and Burberry

For big luxury brands, runway shows usually aren’t make-or-break. This week offers at least one exception to the rule. That, plus what else to watch for in the coming days. from Business of Fashion https://ift.tt/dWC83De

Birkenstock Reveals 21% Revenue Jump in Updated Financials Ahead of IPO

German premium footwear maker, Birkenstock Holding’s revenue jumped 21 percent in the nine months that ended June 30, it said in updated paperwork for a U.S. stock market listing on Friday. from Business of Fashion https://ift.tt/iqe657H

The Legacy of London’s Original Young Designer Support Scheme

Many of the most promising young labels to participate in London’s NewGen scheme went boom… before they went bust. But the programme, which turns 30 this year, enables a laboratory of creativity that benefits the whole industry, writes Susanna Lau. from Business of Fashion https://ift.tt/TrPn246

Vogue World Touches Down in London

The event showcased Anna Wintour’s power to convene stars from across popular culture and positioned fashion — and the Vogue brand — as a kind of connective tissue between the worlds of music, film, theatre and more. from Business of Fashion https://ift.tt/K73rzsp

US Retail Sales, Producer Prices Jump on Rising Energy Costs

US retail sales and producer prices both rose in August by more than forecast, driven by higher fuel costs that risk tempering household spending and keeping inflation elevated. from Business of Fashion https://ift.tt/z80EG1J

Luar, Khaite and Tory Burch Named CFDA Fashion Awards Nominees

The Council of Fashion Designer of America (CFDA) announced nominees for its annual fashion awards on Thursday, the day after the close of New York Fashion Week. from Business of Fashion https://ift.tt/FeHNyZ2

Spanish Cosmetics Group Puig Hires Goldman Sachs, JPMorgan for IPO

Spanish cosmetics group Puig has hired investment banks Goldman Sachs and JPMorgan as advisers for a possible stock market listing, a source close to the matter told Reuters. from Business of Fashion https://ift.tt/1EkbV4P

British Retailer John Lewis Says Turnaround Delayed by Two Years

John Lewis Partnership’s turnaround will take two years longer than planned and cost more money, the British retailer warned on Thursday, as stubborn inflation and rising interest rates batter shoppers and store groups alike. from Business of Fashion https://ift.tt/bfKHBea

Sephora North America Names Artemis Patrick as President, CEO Jean-André Rougeot to Retire

The French beauty retailer announced Thursday that Jean-André Rougeot, Sephora North America’s chief executive and president, will retire in April 2024. from Business of Fashion https://ift.tt/crek3Ra

In New York, Sea Creatures and the Seventies

The second half of New York Fashion Week suggested the season wasn’t just about 90s influences but gossamer fabrics, trawling nets, big jackets over tiny skirts and when in doubt lace, lace, lace, reports Lynn Yaeger. from Business of Fashion https://ift.tt/f3Jbiy7

US Sales and Top Spending Customers Drive Sales at Mytheresa

The Munich-based e-tailer is benefitting from its focus on courting luxury’s wealthiest shoppers, CEO Michael Kliger told BoF. from Business of Fashion https://ift.tt/rTAlkpu

At NYFW, an Unapologetically Black Runway

Some creatives say a tougher environment has spurred them to be more emboldened in their work — and to care less about waiting for fashion’s gatekeepers to open doors. from Business of Fashion https://ift.tt/lGPyv4O

Innovating Influencer Marketing to Drive Growth

In 2022, brands spent more than three times the amount than 10 years prior to acquire each customer through marketing. Jennifer Piña, vice president of strategic partnerships at social commerce platform MagicLinks, shares why influencer marketing remains a powerful investment. from Business of Fashion https://ift.tt/ytElcxq

Inditex Sees Sales and Profits Rise in First Half of 2023

Inditex, parent company of Zara, reported a sales increase of 13.5 percent and a 40 percent rise in profits in the first six months of 2023, beating expectations. from Business of Fashion https://ift.tt/NK1OkoG

Ermenegildo Zegna’s First Half Operating Profit Jumps 45%

Italian fashion group Ermenegildo Zegna said on Wednesday its first-half adjusted operating profit grew 45 percent to €120 million ($129 million). from Business of Fashion https://ift.tt/cfGkWSR

Why Collina Strada’s Hillary Taymour Thinks Generative AI Is a ‘Game Changer’

The buzzy brand, which used the technology to help design the collection it showed at New York Fashion Week, appears to be the first to use it to create physical runway looks, or at least the first to acknowledge it. from Business of Fashion https://ift.tt/0cOiLq2

How Small Brands Fund Fashion Shows

For emerging designers, fashion shows are a rite of passage, a means of building buzz and relationships with buyers and press. But, from venue to production and publicity, even the most basic show can cost upwards of $300,000 — BoF unpacks how brands make it happen on a budget. from Business of Fashion https://ift.tt/6DyOlFZ

Birkenstock Files for US IPO

The company will trade on the New York Stock Exchange under the symbol BIRK. from Business of Fashion https://ift.tt/nwC8WIc

Apple Ditches Leather for New Products

The tech giant said Tuesday that it would no longer use leather in any new products, including watch straps — part of efforts to reduce its environmental footprint. from Business of Fashion https://ift.tt/HA74rv3

Bloomingdale’s Names Olivier Bron as CEO

Macy’s Inc., the parent company of Bloomingdale’s, has appointed Olivier Bron as the new chief executive of the New York-based department store chain. from Business of Fashion https://ift.tt/s4jfJE3

Primark Owner AB Foods Raises Profit Outlook Again

Associated British Foods raised its full-year profit outlook on Tuesday for the second time in four months, driven by resilient trading at its Primark fashion business and a strong performance from its food operations in its latest quarter. from Business of Fashion https://ift.tt/DX5Jex7

White Paper | Inside the Transformation of Retail Careers

The latest BoF Careers’ white paper delves into how retailers can reimagine staffing practices to unlock growth, increase retention and improve the perception of retail careers as in-store talent becomes more critical than ever to success. from Business of Fashion https://ift.tt/SukhtIi

European Retailers Risk Dressing-Down From Investors as Consumers Flinch

European retailers have been unlikely stock market stars this year, but a long spell of high borrowing costs and inflation has started to bite, so wary investors will be looking for reassurances from the likes of H&M and Zara-owner Inditex when they issue business updates this week. from Business of Fashion https://ift.tt/5FIJlSh

KKR Raises Stake in Indian Billionaire Ambani’s Reliance Retail With $250 Million

KKR & Co. Inc. has increased its stake in Indian billionaire Mukesh Ambani’s Reliance Retail Ventures by investing an additional $250 million at a valuation of $100 billion, adding to its bet on the country’s biggest retailer. from Business of Fashion https://ift.tt/GRyHe8N

What Fashion’s Creative Talent Needs to Know Today

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/5v2pIlw

What Fashion’s Creative Talent Needs to Know Today

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/7bivw80

New York’s New Cohort of Designers Wants to Clean Up Fashion

This season more than 30 brands on the New York Fashion Week calendar have a focus on sustainability. from Business of Fashion https://ift.tt/OSTQpj4

Blancpain and Swatch Collaboration Sparks Another Sales Surge

The Swatch brand’s latest collaboration, a tie-up with the luxury diving watch Blancpain, debuted Saturday with thousands queuing at stores from Sydney to Tokyo and at major European cities for a chance to buy the timepiece. from Business of Fashion https://ift.tt/zVF9ZsR

At New York Fashion Week, the Revolution That Wasn’t

From Collina Strada’s neo-Victorianism to Khaite’s icy elegance, Lynn Yaeger reports from the New York shows. from Business of Fashion https://ift.tt/J3l6tIN

Fast Fashion’s Bright Present and Cloudy Future

Results from Zara owner Inditex are likely to reflect rising sales, but regulatory challenges loom. That, plus what else to watch for in the coming week. from Business of Fashion https://ift.tt/yUXBmMN

Bernard Arnault Has Spent €215 Million Buying Dip in LVMH Stock

Billionaire Bernard Arnault has bought €215 million ($230 million) of LVMH shares since the luxury conglomerate’s disappointing earnings in late July contributed to a drop in the stock price. from Business of Fashion https://ift.tt/dkULSqb

Why the Time Is Right for a Gorpcore IPO

Amer Sports, the owner of Arc’teryx and Salomon is eyeing a US listing at a $10 billion valuation, even as fashion may be moving on from its outdoor fashion craze. from Business of Fashion https://ift.tt/ZqP934F

TikTok’s New Amazon Copycat Is Full of Cheap Chinese Goods

The app’s Shop feature, which has gone live for some US users, is plagued by the same problems with a free-for-all marketplace Amazon has faced. from Business of Fashion https://ift.tt/tGhEQvy

Fforme: A Quiet Luxury Label Making Noise in New York

‘I think New York is hungry for the level of quality we offer,’ says designer Paul Helbers ahead of Fforme’s runway debut on Sunday. from Business of Fashion https://ift.tt/ABhgnWu

A ‘Climate of Fear’ in Fashion’s Supply Chains

The killing of a union leader in Bangladesh this summer has heightened anxiety over the risks facing labour organisers amid a broader, often violent, crackdown on labour rights. from Business of Fashion https://ift.tt/lcad30D

Can Peter Do Restore Helmut Lang to Its Former Glory?

“More than ever we need non-fussy clothing,” the designer told BoF in a preview of his debut collection for Helmut Lang — the once-groundbreaking label’s first outing in four years. from Business of Fashion https://ift.tt/uXJLnD6

Shoppers Say They Want Sustainable Goods, but Won’t Pay More

Consumer goods makers and retailers investing in sustainably made products after years of shopper outcry say they face an uphill struggle convincing people to switch when those products cost more or look inferior. from Business of Fashion https://ift.tt/wRuEdQr

Pinault Buys Majority Stake in Talent Agency CAA

Pinault family holding Artémis is acquiring private equity firm TPG’s stake in the Hollywood talent powerhouse for an undisclosed sum. from Business of Fashion https://ift.tt/Trv1RWy

For Celebrity Beauty Brands, a Cloudy Future

E.l.f.’s $355 million acquisition of Naturium doesn’t change the fact that most influencer, actor and musician-fronted brands need to radically rethink their approach. from Business of Fashion https://ift.tt/tHMukUC

Inside the Apparel Team at On with Tim Coppens

On’s apparel designer discusses how collaboration, product innovation and sustainability plays into the design approach at the Roger Federer-backed Swiss sportswear brand. from Business of Fashion https://ift.tt/2yIU4oS

Consortium Brand Partners Acquires Majority Stake in Draper James

Fund manager Consortium Brand Partners has acquired a 70 percent stake in Reese Witherspoon’s fashion and lifestyle brand Draper James. from Business of Fashion https://ift.tt/jKkQrye

Arc’teryx- and Salomon-Owner Amer Sports Files for US IPO

Amer Sports, the maker of Wilson tennis rackets and Salomon ski boots, has filed confidentially for a US initial public offering that could value the group at as much as $10 billion, people familiar with the matter said. from Business of Fashion https://ift.tt/jVsWlPc

How the Internet Changed Menswear

The internet let guys find community in clothing and helped popularise fashion among men, but it has also fostered a mentality that prioritises scoring points online, according to Derek Guy, aka ‘Menswear Guy,’ who has inadvertently become one of social media’s most prominent menswear commentators. from Business of Fashion https://ift.tt/HFEqUDG

Richemont Creates New Beauty Division, Doubles Down on High-End Fragrance

Amid a booming luxury fragrance market, Richemont is ramping up investment in the space with the creation of its new Laboratoire de Haute Parfumerie et Beauté division. from Business of Fashion https://ift.tt/eyZw5hf

L Catterton Takes Minority Stake in Swedish Hair Care Brand Maria Nila

L Catterton, the LVMH-backed private equity firm, is acquiring a minority stake in Swedish hair care brand Maria Nila. from Business of Fashion https://ift.tt/jzZrGM9

Audemars Piguet CEO Sees Record Sales in 2023

Strong demand for the Swiss luxury watch brand’s pricey timepieces has put sales on track to hit fresh highs. from Business of Fashion https://ift.tt/MnZHfB8

H&M Taps Heron Preston as Creative Menswear Advisor

The New York-based designer will create his own collection for the retailer, launching in 2024. As part of his long-term role, Preston will also consult on the brand’s overall menswear assortment. from Business of Fashion https://ift.tt/QR7fBic

Under Armour Appoints John Varvatos Chief Design Officer

The fashion veteran will be charged with overseeing the company’s design direction and blending "performance and style" in its apparel, footwear and accessories. from Business of Fashion https://ift.tt/dWYvXJF

Major Helmut Newton Exhibition to Open in Spain

Titled “Fact & Fiction,” the exhibition will explore the life of the late photographer, best known for provocative fashion imagery and sexually charged portraits that earned him the moniker “The King of Kink.” from Business of Fashion https://ift.tt/LBGbjCe

Worldview: Why Japan’s Sogo & Seibu Department Store Employees Went on Strike

This week’s round-up of global markets fashion business news also reveals the succession plan for an Indian retail billionaire, Kenya’s strategy to revitalise its textile industry and forced labour in Turkmenistan’s cotton harvest. from Business of Fashion https://ift.tt/cJ9VyTG

LVMH’s Thelios Acquires French Eyewear Brand Vuarnet

The deal is the first brand acquisition for Thelios, which designs, produces and distributes sunglasses and optical frames for brands such as Dior, Fendi and Givenchy. from Business of Fashion https://ift.tt/PijA1ht

How Worried Should Fashion Be About China’s Weakened Economy?

As the country’s economy moves into deflationary territory, manufacturing output declines and a real estate crisis worsens, some consumers are becoming increasingly cautious. from Business of Fashion https://ift.tt/tO407qr

LVMH-Backed Luxury Watch Site Hodinkee Cuts a Fifth of Jobs

The company has eliminated about two dozen positions, according to people familiar with the matter. from Business of Fashion https://ift.tt/RZho6VL

L’Occitane Shares Shed 30% After Owner Shelves Take-Private Deal

L’Occitane’s stock slid to HK$19.70 in early trading after chairman Reinold Geiger’s investment holding company, L’Occitane Groupe SA, decided not to go ahead with a take-private offer it last month said would be worth no less than HK$26.00 a share. from Business of Fashion https://ift.tt/kI4b0Fh

Can Kate Moss Help Scale an Influencer Brand?

With a new campaign starring Kate Moss, Anine Bing is looking to grow bigger than its famous influencer founder. from Business of Fashion https://ift.tt/nF7l2Qm

The 16th Annual Supima Design Competition Shines a Light on the Next Generation of Fashion Designers

Providing contestants with innovative materials, mentorship and access to a global network of designers, the annual competition is an opportunity for emerging designers to showcase their talent and build out their portfolio. BoF sits down with this year’s contestants to learn more. from Business of Fashion https://ift.tt/5OiakTJ

Director Purchases Fuel Surge in Watches of Switzerland Shares

Chief financial officer Anders Romberg, chairman Ian Carter and non-executive directors Tea Colaianni and Robert Moorhead spent an aggregate of about £890,000 ($1.1 million) buying more than 150,000 shares on Friday, filings to the London Stock Exchange showed on Monday. from Business of Fashion https://ift.tt/s2glSN4

Can a Department Store Build Its Own Beauty Brand? Liberty Bets Yes.

The London-based retailer known for its mock Tudor facade has big ambitions for the beauty category with its new LBTY label. First up: a line of high-end fragrances inspired by the retailer’s renowned prints. from Business of Fashion https://ift.tt/tkyQMsX

Amyris’ Bankruptcy Proceedings Show Significant Drop In Consumer Revenue

The biofuels-turned-beauty company saw consumer brand net sales fall from $175.5 million in 2022 to $59 million as of June 2023. from Business of Fashion https://ift.tt/lXa4MUJ

Luxury Retailers Are Following the Money to India’s New Affluent

A few blocks from the Reserve Bank of India’s headquarters in Mumbai lies the true marker of the country’s rising wealth — a new store from Indian fashion designer Sabyasachi Mukherjee in a restored building dating from the early 1900s. from Business of Fashion https://ift.tt/4eq1UkY

Why Student Loans Are Retail’s Latest Headache

Forty-five million American consumers will have to account for a new expense this fall as the three-year pause on student loan interest accruement ends. Retailers resilient to the shock will be those that offer a distinct assortment of products while conveying a sense of value. from Business of Fashion https://ift.tt/b3Xaewg

L’Occitane Halts Trading in Hong Kong as Take-Private Bets Swell

The firm said in August that its controlling shareholder was considering a possible deal to take the company private with a minimum possible offer of HK$26 ($3.31) per share. from Business of Fashion https://ift.tt/jxPy28v

Inside the Changing Landscape of Swiss Watch Fairs

At Geneva Watch Days 2023, CEOs of Bulgari and Breitling fuelled the fire of an ongoing rivalry with Watches and Wonders. The comments come as Swiss watchmaking’s calendar fills up with more events both in Switzerland and abroad. from Business of Fashion https://ift.tt/u1B9a4T

At New York Fashion Week, a Big Return and a Big Debut

New York Fashion Week kicks off on Friday, bringing the return of Ralph Lauren and Peter Do’s first collection for Helmut Lang. Plus, what else to watch for this week. from Business of Fashion https://ift.tt/zpJOGxc

Prada’s Design Director to Step Back from Company

Fabio Zambernardi—Miuccia Prada’s right-hand at Prada and Miu Miu since the 1990s—is preparing to exit the Milanese fashion group at year end, sources said. from Business of Fashion https://ift.tt/VliFLeR

Meta May Allow Facebook, Instagram Users in EU to Pay to Avoid Ads

Those who pay for the subscriptions would not see ads, while Meta would also continue to offer free versions of the apps with ads in the EU, the report said, citing three people with knowledge of the plans. from Business of Fashion https://ift.tt/pht467q

What Uganda’s ‘War’ on Used Clothing Imports Means for Fashion

In late August, Uganda’s President pledged to ban used clothing imports. It’sthe latest sign that the complicated and controversial secondhand clothing trade is getting increasingly political. from Business of Fashion https://ift.tt/dUzX13w

Fast Fashion Firms Prepare for EU Crackdown on Waste Mountain

Within a year, the sorting centre run by garment re-use and recycling charity Moda Re plans to double the volume it handles to 40,000 metric tonnes annually. from Business of Fashion https://ift.tt/bgWJEQh

Superdry Expects Little Revenue Growth After Reporting Annual Loss

“This has been a difficult year for the business and the market conditions have been extremely challenging, especially in wholesale,” founder and CEO Julian Dunkerton said in a statement. from Business of Fashion https://ift.tt/PdRaKC7