Media Hype

In a surprising shakeup Wednesday, the Swedish fast fashion chain promoted longtime executive Daniel Ervér to CEO. Critics say his lack of outside experience will make it all the more difficult for H&M to embark on a necessary transformation. from Business of Fashion https://ift.tt/FJMLjmZ

Son Adriel Chan will take over as chairman of the influential Chinese real estate developer. from Business of Fashion https://ift.tt/knG9NHJ

The company expects to generate an operating profit of around €500 million ($542 million). from Business of Fashion https://ift.tt/f1vCIeF

Most of the company’s sales come from the Americas and Europe, and while revenue in these regions has been growing, sales in China have been rising much faster. from Business of Fashion https://ift.tt/b94KrxB

Decarbonising the industry is expected to take $1 trillion over the coming decades. Where that money will come from and how it’s distributed remain open questions. from Business of Fashion https://ift.tt/L1XbaVM

Minimalist and maximalist makeup aesthetics duel it out on TikTok as influencers and brands aim to keep up with the cultural zeitgeist. from Business of Fashion https://ift.tt/wI5uWaB

No longer the domain of the elite, lash extensions, brow treatments, injectables and more have become part of mainstream consumers’ beauty maintenance routines. But online backlash is brewing against growing pressure for elaborate upkeep. from Business of Fashion https://ift.tt/cdCTFwj

Watch buyers are reining in spending amid economic and geopolitical concerns and the soaring value of the Swiss franc is pressuring producers. from Business of Fashion https://ift.tt/YHl3co1

To address the urgent need to reduce greenhouse gas emissions throughout brands’ and retailers’ supply chains, the US Cotton Trust Protocol is providing technical assistance with environmental and financial benefits for cotton growers, to innovate the agricultural practices of the world’s third largest cotton-producing region. from Business of Fashion https://ift.tt/2JAKPyU

Under the “polluter pays principle,” companies that sell cosmetics will have to cover at least 80 percent of the extra costs needed rid urban wastewater of pollutants. from Business of Fashion https://ift.tt/C7xoSun

Designer Simon Porte Jacquemus staged an outing at the Fondation Maeght that put his own "pop luxury" twist on a push upmarket. from Business of Fashion https://ift.tt/RuE9ph6

The move is more about marketing than finances. But it provides a good excuse to check in how the luxury resale player is adapting in a brutal marketplace for fashion start-ups and resale platforms alike. from Business of Fashion https://ift.tt/nqXiQE8

The ultra-wealthy are spending more on luxury than ever before — and, amid a broader market slowdown, winning them over is becoming a competitive battleground for brands. BoF breaks down how strategies from Gucci, Mytheresa and Tiffany & Co. are successfully building closer relationships with top clients. from Business of Fashion https://ift.tt/sndA8UB

The owner of Arc’teryx, Salomon and Wilson is headed for an initial public offering this week. It’s hoping its public debut will go better than the last big fashion listing. from Business of Fashion https://ift.tt/R9fD3CA

A newly formed group of institutional investors with a massive stake in Farfetch is requesting immediate pay back on the company’s debts amid fear that a deal with Coupang will further erode the e-tailer’s value. from Business of Fashion https://ift.tt/QVowlqj

The move is more about marketing than finances. But it provides a good excuse to check in how the luxury resale player is adapting in a brutal marketplace for fashion start-ups and resale platforms alike. from Business of Fashion https://ift.tt/MD49lB8

Swatch Group is hitting back at investors who’ve called out the firm for its governance and management practices. from Business of Fashion https://ift.tt/M6VlZYJ

Revenues reached €1.16 billion in 2023, a touch above the €1.15 billion estimated by analysts according to an LSEG consensus. from Business of Fashion https://ift.tt/c0CEoNx

Characterised by animal prints, heavy gold jewellery, glossy leather trousers, perfectly coiffed hair and a massive fur coat, the mob wives aesthetic is breathing new life into the fur industry. from Business of Fashion https://ift.tt/2krXOcn

A couple of days in Paris paraded some fabulous solutions to those perennial questions. from Business of Fashion https://ift.tt/y5HE782

Levi said consumers will likely be confused, and it will likely lose sales and suffer “incalculable and irreparable damage” to its goodwill and reputation unless Brunello Cucinelli stops selling its infringing clothing. from Business of Fashion https://ift.tt/9vlqGhW

Globally Primark’s sales rose 7.3 percent to £3.4 billion in the period, helped by store openings in the US and Europe. from Business of Fashion https://ift.tt/HD6aLc9

The company’s net sales rose 3.2 percent, missing LSEG estimates, due to slowing demand for products including beauty brand SK-II in its second-largest market China. from Business of Fashion https://ift.tt/QdZFb2r

The multi-brand chain launched in 2018 as a solution for digital brands too small to commit to wholesale or traditional retail leases. from Business of Fashion https://ift.tt/yAIQJNL

The first-ever UK Fashion DEI Report calls for more robust diversity targets and for leaders to acknowledge the connection between inclusion and profitability. from Business of Fashion https://ift.tt/46jUtAk

Schiaparelli and Dior highlight day one with varying degrees of success. from Business of Fashion https://ift.tt/rKQcu46

Maggie Chan leaves after five years with no immediate replacement named as Sephora overhauls its China strategy. from Business of Fashion https://ift.tt/EkF3xAJ

From 20 years at Dior to luxury’s post-pandemic boom, Sidney Toledano has shaped the modern luxury business. ‘Desire is the most important thing,’ Toledano tells Laurence Benaïm. from Business of Fashion https://ift.tt/JuGAm6a

While flowers are a perennial favourite for fashion designers, this crop of red-carpet creations is unusually diverse. from Business of Fashion https://ift.tt/VxrImY3

Fashion retailer Zara is reopening in Venezuela as consumer spending recovers after the country tamed hyperinflation. from Business of Fashion https://ift.tt/5DcF0Zk

The conglomerate’s results will be a key signal as to whether consumers are getting excited about high-end fashion again. That, plus what else to watch for in the coming week. from Business of Fashion https://ift.tt/v1oLMtS

This month, BoF Careers provides essential sector insights to help beauty professionals decode the industry’s creative landscape. from Business of Fashion https://ift.tt/bzJ8Fav

With a new heavyweight backer in Italian firm Style Capital — which helped Zimmermann secure a billion dollar valuation — the French contemporary womenswear brand has ambitions to go global. But it sits in a competitive and hard-to-crack category. from Business of Fashion https://ift.tt/9ZrNp74

The photographer’s decade-spanning career has been one defined by experimentation, with his work landing him coveted spots in leading fashion magazines. from Business of Fashion https://ift.tt/Q1Nqetp

On Jan. 18, the São Paulo-based beauty conglomerate announced it had gained board approval to voluntarily delist from the NYSE. from Business of Fashion https://ift.tt/2nxMrZT

Bottega Veneta’s creative director Matthieu Blazy shares his creative mind with Tim Blanks at BoF VOICES 2023. from Business of Fashion https://ift.tt/Dg7bUZt

The designer has made deft experimentation with colour a hallmark of his aesthetic at the Roman house. Previously known for its signature red, Valentino has expanded its palette under Piccioli, from blistering magenta to dusty electric blues—turning the use of colour into a powerful brand signifer. from Business of Fashion https://ift.tt/GMHjQN7

The former Louis Vuitton CEO will become chief executive and chairman of the unit that houses Celine, Loewe, Givenchy, Marc Jacobs, Pucci and Kenzo, effective February 1. from Business of Fashion https://ift.tt/Jr7WVEn

Lower consumer prices and pending interest rate cuts won’t completely solve fashion’s economic woes, but a rosier outlook this year gives brands a chance to drive profitable growth as consumer spending rebounds. from Business of Fashion https://ift.tt/8Mip5R1

Mike Jeffries and his partner Matthew Smith are being investigated by federal agencies following allegations that they sexually exploited and abused young men at parties they hosted in the US and worldwide. from Business of Fashion https://ift.tt/TeSQfF5

Directors at the Canadian clothing manufacturer are trying to make the case they were justified in firing the longtime chief executive officer in December. from Business of Fashion https://ift.tt/BbiQCn1

Gregg Renfrew, Beautycounter’s founder, will return to the brand and assume the top job beginning Feb. 1. from Business of Fashion https://ift.tt/6Y1XSat

Creative director Pharrell Williams’ references were too obvious, resulting in a men’s outing that felt flat despite the bling bling, writes Angelo Flaccavento. from Business of Fashion https://ift.tt/3BGb4ds

After a year that saw the investment coffers dry up in fashion and beauty, 2024 brings a renewed sense of hope — but only for brands that meet an exhaustive criteria. from Business of Fashion https://ift.tt/TmrgezA

Publicly traded holding company Compass Diversified announced on Monday that it will be taking a majority stake in feminine care brand The Honey Pot. from Business of Fashion https://ift.tt/p2YgdGv

This week’s round-up of global markets fashion business news also features Dubai Duty Free, Mexican garment workers and Hong Kong beauty giant Sa Sa International. from Business of Fashion https://ift.tt/A2RLsNZ

The Business of Beauty is doubling down on our commitment to rigorous coverage of the global beauty and wellness space, with more content and events. from Business of Fashion https://ift.tt/nTiLzBx

Tailoring was all over in the latest round of men’s shows, and with it a newfound sense of properness, reports Angelo Flaccavento. from Business of Fashion https://ift.tt/9vzFKEH

The industry almost came to a complete standstill in the second half of 2023 as the two biggest miners all but stopped supplies in a desperate attempt to stem a collapse in prices. While those efforts helped the market to pick up a bit, it’s unclear how much appetite trade buyers currently have. from Business of Fashion https://ift.tt/NbSMOxD

The company said it is on-track to hit $5.5 billion in net sales in 2026 despite the tough economic climate in Europe. from Business of Fashion https://ift.tt/fdaWAoO

Steamy images of Jeremy Allen White and FKA Twigs pushed the brand — which has a well-documented history of courting controversy — to the centre of conversation once again, proving casting and timing plus a little bit of provocation can fuel relevance. from Business of Fashion https://ift.tt/OEM51vb

Unpaid wages, unexplained dismissals, and punishing working hours are among the catalogue of exploitative practices in UK’s garment sector, according to new industry report. from Business of Fashion https://ift.tt/ZGxwl4F

Inflationary pressures in the UK are set to ease again this week, though not as quickly as investors are hoping as they bet on a swift round of interest-rate cuts. from Business of Fashion https://ift.tt/Lv4V20i

The Swiss luxury conglomerate reports quarterly results this week, as the failed deal to offload its struggling e-commerce unit to Farfetch looms large. That, plus what else to watch for in the coming days. from Business of Fashion https://ift.tt/SCHetg2

Gucci debuted a more relatable menswear vision, updating classic wardrobe pieces with discreet contemporary twists. But will covetable coats and shoes be enough to revive excitement in the brand? from Business of Fashion https://ift.tt/tfkie4b

On Feb. 9, Tommy Hilfiger will stage a show for the Autumn/Winter 2024 edition of New York Fashion Week. from Business of Fashion https://ift.tt/yzp7rjo

The retailer has named Eric Chan as its new chief business and strategy officer and Amy Thompson as chief people officer. from Business of Fashion https://ift.tt/JaKfV4P

The luxury megabrand’s former Japan head is the latest executive to leave two years into Leena Nair’s tenure as CEO. from Business of Fashion https://ift.tt/JBuW153

The appointment of an experienced retailer with 30 years of industry experience comes amid falling sales and profits at the department store. from Business of Fashion https://ift.tt/VO8ZSFv

The mislabelling occurred at Boohoo’s flagship Thurmaston Lane factory in Leicester, England last year. from Business of Fashion https://ift.tt/EcHfx13

The chains are exceeding sales expectations in a choppy market by giving young shoppers the products they want, in just the right amount. from Business of Fashion https://ift.tt/6LzVtsq

The restructuring will allow the company to direct more resources toward growth, CEO Jennifer Hyman said. from Business of Fashion https://ift.tt/5mbtjzE

Helmut Lang, led by designer Peter Do, will kick off the Fall/Winter 2024 edition of New York Fashion Week, running from Feb. 9 to 14. from Business of Fashion https://ift.tt/FN3RhoX

Shoemaker Rothy’s on Tuesday announced a number of leadership changes. Co-founders Stephen Hawthornthwaite and Roth Martin have stepped down from their roles as chief executive and president, respectively. Hawthornthwaite will transition to Rothy’s chair of the board, and Martin will become chief creative and innovation officer. from Business of Fashion https://ift.tt/GvlxMfS

The struggling online retailer is consulting with up to 100 workers at the site two years after it was opened to great fanfare creating 170 jobs. from Business of Fashion https://ift.tt/0jkb7U5

China “will remain a very important source of growth for L’Oréal and the beauty market because middle classes are going to be increasing,” CEO Nicolas Hieronimus said. from Business of Fashion https://ift.tt/RLh9wzn

The Shanghai-based beauty retail and brand management group has led a funding round into the Chinese luxury perfume brand for an undisclosed amount. from Business of Fashion https://ift.tt/P6wmdaK

Luxury skincare brand Biologique Recherche announced on Monday that Jean-Guillaume Trottier has been appointed as CEO. from Business of Fashion https://ift.tt/DaT8WNE

The Capri-owned Italian label has appointed Caroline Deroche Pasquier communications chief and used the occasion to highlight the long list of key hires made by new CEO Emmanuel Gintzberger. from Business of Fashion https://ift.tt/sMnf3xq

Pulis is a major figure in the communications landscape, having worked to launch blockbuster perfumes like Sauvage, the world’s best-selling juice, during a 16-year tenure at Parfums Christian Dior. from Business of Fashion https://ift.tt/aKcRUEx

TikTok trends and buzzy influencer recommendations continue to be the ultimate sources of beauty lovers’ purchase of makeup, skincare and hair care. from Business of Fashion https://ift.tt/OmaiXvx

From Barbiecore to quiet luxury, fashion’s lightning fast trend cycle took brands and retailers for a ride in 2023. Here’s what we will take with us in 2024 — and what’s still to come. from Business of Fashion https://ift.tt/W64lcpt

After the SAG strike put red carpets on pause over the summer, the Golden Globes — an event that’s battled controversy in recent years — ushered some much-needed glamour back to Hollywood. from Business of Fashion https://ift.tt/RnVPhl7

Sportswear brands can lean into innovation, technology and collaborations to build credibility with outdoor-focused consumers, explains On's co-founder for The State of Fashion 2024. from Business of Fashion https://ift.tt/VyADwoF

A vote widely seen as rigged could spark another round of protests and violence, with the country’s millions of garment workers on the front lines. The fashion industry has been reluctant to get involved, but may find it has no other choice. from Business of Fashion https://ift.tt/aUpJ32v

Formerly the domain of fashion insiders, sample sales have become a viral phenomenon on TikTok, with influencers dispensing tips, tricks — and sharing their product hauls. from Business of Fashion https://ift.tt/FJjI3E5

Amer Sports on Thursday revealed a 30 percent revenue surge for the first nine months of 2023 in its filing to go public in the US. from Business of Fashion https://ift.tt/nhzmIQx

Beauty brands are readying for another tumultuous year. Demand is strong, but growth remains challenging with rising customer acquisition costs and a bearish funding climate. from Business of Fashion https://ift.tt/I9bKE4s

The State of Fashion 2024's essential guide to incoming sustainability regulation reveals how and why retailers, brands and manufacturers need to revamp business models to align to a shifting regulatory landscape. from Business of Fashion https://ift.tt/YKWfly5

The Geneva-based watchmaker increased prices at dealers in the UK by an average of about 4 percent to start the year, according to a report by analysts at Barclays. from Business of Fashion https://ift.tt/tZ6LJe7

Soldiers travelled in armoured vehicles to temporary camps set up across the capital Dhaka to help the civil administration maintain peace and security. from Business of Fashion https://ift.tt/GTPlsin

The European Union has added Russia’s Alrosa, the world’s biggest diamond producer, as well as its CEO Pavel Alekseevich Marinychev to its sanctions list, it said on Wednesday. from Business of Fashion https://ift.tt/9wpvsnj

From Gstaad Guy to Remi Bader, a new guard of creative personalities is revamping influencer marketing, The State of Fashion 2024 reveals. from Business of Fashion https://ift.tt/a8pwYkI

Even as high-end demand slows, outerwear continues to be one of fashion’s most dynamic categories. Executives from Fusalp, Yves Salomon, C.P. Company, Mackage and Selfridges reveal their strategies. from Business of Fashion https://ift.tt/T6UGSFY

Abercrombie & Fitch was the top-performing stock in the S&P 1500 Index last year, beating even AI chipmaker Nvidia. from Business of Fashion https://ift.tt/cDHp0CM

Global interest in African-made goods has grown in recent years but designers on the continent continue to face production challenges. from Business of Fashion https://ift.tt/CUbKPFv