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Showing posts from February, 2024

Renewcell Was Poised to Lead Fashion’s Recycling Revolution. How Did it Fail?

The Swedish company was at the forefront of efforts to scale up supply of more sustainable materials. It filed for bankruptcy on Sunday. from Business of Fashion https://ift.tt/KtJOEe3

Chemena Kamali Debuts at Chloé

Over the past 20 years, Chemena Kamali has worked for three creative directors at the brand. Now she gets her chance to shape it, writes Tim Blanks. from Business of Fashion https://ift.tt/l5rZ4Lq

The RealReal Reaches EBITDA Profitability

The resale platform saw revenue drop 10 percent in the fourth quarter of 2023, but met its profitability benchmark by prioritising consignment margins. from Business of Fashion https://ift.tt/UacIgQw

Olaplex Embarks on Turnaround Plan After Rough 2023

Reporting a double-digit sales decline in its fourth-quarter earnings, Olaplex’s new CEO outlined the company’s comeback strategy. from Business of Fashion https://ift.tt/jr4KhcB

Backstage Pass: The Recipe for Dior’s Global Success

In a new video series, Imran Amed and Tim Blanks talk to industry insiders about what makes a fashion brand unique. from Business of Fashion https://ift.tt/iKwZWD6

Making the Ordinary Extraordinary in Paris

Jun Takahashi, Dries Van Noten and Nicolas De Felice make it impossible to see the everyday in the same way ever again. from Business of Fashion https://ift.tt/N8pQ5WM

Moncler’s Plan to Take Back the Mountain (And Stay at Luxury’s Summit)

After a year of industry-beating growth, CEO Remo Ruffini is leaning into promoting core lines like the Grenoble mountain sports range and bread-and-butter puffer jackets. from Business of Fashion https://ift.tt/KrHuM2c

US FDA Chief Very Concerned About Fake Weight Loss Drugs

Demand for weight loss drugs is far outpacing supply with some analysts forecasting the market for weight-loss drugs, could reach $100 billion a year by the end of the decade. from Business of Fashion https://ift.tt/mha3kKA

Lucien Pagès, the PR Prince of Paris

What does it take to be fashion’s favourite public relations guy? The man who weaves stories for the likes of Saint Laurent and Schiaparelli has become a story himself. from Business of Fashion https://ift.tt/v9HnyEU

DHL Launches Branded Resale

In a partnership with resale service provider Reflaunt, the global logistics giant now offers a fulfilment, shipping and platforming solution for brand clients interested in entering the secondhand space. from Business of Fashion https://ift.tt/hiVKPWU

Paris, Day One: Designers Defiant!

Maria Grazia Chiuri at Dior and Anthony Vaccarello at Saint Laurent go their own way in radically different style, writes Tim Blanks. from Business of Fashion https://ift.tt/iUnzXxC

LVMH in Exclusive Talks With Lagardere for Paris Match Magazine

A sale would expand the media assets of LVMH Moet Hennessy Louis Vuitton SE which already owns French business daily Les Echos and national newspaper Le Parisien. from Business of Fashion https://ift.tt/EI74Jvg

Shein Considers London IPO Amid US Resistance to Listing

Fast-fashion company Shein is considering the possibility of switching its initial public offering to London from New York because of hurdles to the listing in the US, according to people with knowledge of the matter. from Business of Fashion https://ift.tt/Z2LhesE

Supergoop Names Lisa Sequino New CEO

The former JLo Beauty executive joins the sunscreen brand. from Business of Fashion https://ift.tt/GvTgXO7

Vogue World to Kick Off Couture Week With Olympics Tribute

The production will take place on June 23rd on Place Vendôme and feature fashion content overseen by Carine Roitfeld, Ibrahim Kamara and fashion historian Alexandre Samson. from Business of Fashion https://ift.tt/NnvE7du

Case Study | The Art and Science of Retail Store Success

The best stores don’t just serve as billboards or customer touchpoints —they’re a stable and lucrative revenue stream. As younger consumers haveembraced in-store shopping despite their digital native instincts, the valueof stores is undeniable. Running an effective store requires choosing theright location, understanding its sales potential and making sure it servesits local clientele. from Business of Fashion https://ift.tt/TqmyArt

Milan Tries to Make Sense of the World

Matthieu Blazy finds hope in resilience, the Meiers swathe Jil Sander in security, and Giorgio Armani goes back to nature, writes Tim Blanks. from Business of Fashion https://ift.tt/sZWunQi

Renewcell Files for Bankruptcy

The Swedish textile recycler said it was unable to secure sufficient long-term funds to continue operations. from Business of Fashion https://ift.tt/LioANIl

Comings and Going in Milan

Adrian Appiolaza arrives at Moschino, Francesco Risso whites out reality at Marni and Donatella Versace still loves Prince, writes Tim Blank from Business of Fashion https://ift.tt/xavciMs

How Bobbi Brown Perfected the Natural Makeup Look

The makeup guru reflects on the origins of her signature minimalist aesthetic, and why she’s building her latest start-up, Jones Roads Beauty, differently than her Estée Lauder-owned namesake brand. from Business of Fashion https://ift.tt/GnWJ9Uk

Can Chloé and McQueen Get Their Groove Back?

New designers Chemena Kamali and Seán McGirr will make their runway debuts for the storied but stagnant luxury fashion houses in Paris this week. That, and what else to look for in the coming days. from Business of Fashion https://ift.tt/sVl3Lyb

Dior Shelves Hong Kong Runway Show

Dior has “postponed indefinitely” its menswear show slated for March 23 in Hong Kong. Production teams, travelling guests and local authorities were informed yesterday of the change, just a month before the event. from Business of Fashion https://ift.tt/gEq7LWD

Gucci and Tom Ford: The Ease of Repetition, the Challenge of Change

Sabato de Sarno and Peter Hawkings find it hard to escape from Ford’s shadow, writes Tim Blanks. from Business of Fashion https://ift.tt/wGvMctF

Margaret Zhang to Exit Vogue China

Margaret Zhang, editor-in-chief of Vogue China, will be leaving the publication at the end of March. from Business of Fashion https://ift.tt/5f9yckp

How OTB Gets Fashion Right

TK from Business of Fashion https://ift.tt/N5lqnJW

Highsnobiety’s New Store That Isn’t a Store

At least not in the traditional sense. A soon-to-launch Berlin flagship will sell stuff, but it’s brand partnerships that are expected to make the company’s latest retail experiment work. from Business of Fashion https://ift.tt/hZ5NIO1

New York Says Goodbye to Downtown Darling Puppets and Puppets

Designer Carly Mark sparked conversation about what it takes to make it as an emerging designer in New York when she announced she was shutting her ready-to-wear line and moving to London. On Thursday she held her last sample sale. from Business of Fashion https://ift.tt/3albRpP

Prada: The Message is Love

But their powerful collection suggests that Miuccia Prada and Raf Simons aren’t naive enough to believe that love is all you need, writes Tim Blanks. from Business of Fashion https://ift.tt/2C7QLRB

Vice Media Will No Longer Publish Stories on Its Website

The company, which emerged from bankruptcy court protection last year, is restructuring its business once again. from Business of Fashion https://ift.tt/KJYWmM5

In Milan, Democracy Triumphs at Diesel While Fendi Finds Its Feet

Glenn Martens and Kim Jones had a very good day on Monday. Wookies! Chuba Chups! Whatever next! from Business of Fashion https://ift.tt/PcEv5D6

BuzzFeed Sells Complex for $108.6 Million

Live commerce company Ntwrk is paying $108.6 million in cash for Complex, less than half of the $300 million BuzzFeed paid for it in 2021. from Business of Fashion https://ift.tt/m3jnurf

Tomorrow Ltd Acquires Samuel Ross’ A-Cold-Wall

The London-based brand accelerator, a minority investor in the label since 2017, now owns 100 percent of the brand, having bought out Ross’ stake. from Business of Fashion https://ift.tt/qAwnMEO

Why It Feels Like Fashion Forgot About Black History Month

Slogan t-shirts, themed sneakers and marketing emails that mention the heritage celebration are rarer this year, as consumers grow tired of cash-in collections and corporate diversity efforts face a backlash. Some brands say they’re steering resources away from flashy gestures and towards more meaningful work. from Business of Fashion https://ift.tt/42PfIkH

Robbers Make Off With $50,000 of Gucci Merchandise At Gunpoint in New York

The suspects took the merchandise after telling shoppers and store sales assistants to lie down, police said. from Business of Fashion https://ift.tt/B3tesDV

The Body Shop to Cut 300 Head Office Jobs and Almost Half of UK Stores Could Close

The retailer, which employs more than 2,200 people in the UK, called in administrators last week, less than two months after being taken over by the restructuring specialist Aurelius. from Business of Fashion https://ift.tt/fCejnk1

Prose Wants to Do for Skin What It Did for Hair

Prose’s custom hair products have earned it a devoted following and $135 million in annual sales. Now, it’s hoping it can repeat its success with a new personalised skin care offering. from Business of Fashion https://ift.tt/JaQiy1r

Rebranding Nostalgia: Burberry and JW Anderson

At London Fashion Week, nostalgia brought out the connoisseur of the arcane in designer Jonathan Anderson and the seeker of security in Burberry’s Daniel Lee. from Business of Fashion https://ift.tt/qvbPUoj

In London, Creativity Under Dark Clouds

The British Fashion Council is celebrating London Fashion Week’s 40th anniversary. The city is still a hotbed of design talent but it’s tough times for young labels, writes Susanna Lau. from Business of Fashion https://ift.tt/sJiLD9l

US Investor in Talks With Superdry Co-Founder About a Bid for the Chain

The talks are at a preliminary stage and there is no guarantee that Davidson Kempner will ultimately sign an agreement with Dunkerton. from Business of Fashion https://ift.tt/raodwIF

Kosas Masters the Art of Reinvention

First with Gwyneth Paltrow and now with TikTok’s Gen-Z beauty queens, Kosas has charted a course to growth through rebranding, new products and customer base expansion. from Business of Fashion https://ift.tt/Z1kUBLv

The Row’s Margaux: A Birkin in the Making?

Designers Mary Kate and Ashley Olsen turned their hit bag into one of fashion’s most coveted items through scarcity, constant newness and a little bit of mystique. from Business of Fashion https://ift.tt/MRV5sw0

Trump Hawks Gold, Self-Branded $399 Sneaker as Legal Fees Mount

The “Never Surrender” sneakers sold out in less than a day after Trump’s appearance at Sneaker Con in Philadelphia. from Business of Fashion https://ift.tt/1ULBHe4

The Body Shop’s Fair Trade Suppliers Left With ‘More Than $1M’ of Ingredients

The Body Shop’s fair trade suppliers who work with vulnerable people from the Amazon to Africa say they have been left with more than $1m worth of beauty ingredients that may now never be ordered or paid for by the ethical beauty chain. from Business of Fashion https://ift.tt/D4PB3fE

Burberry and Gucci: Two Brands With Something to Prove This Week

Both labels are trying to reignite sales and push upmarket, but convincing consumers won’t be easy. Runway shows this week will be another chance to make their case. That, plus what else to watch for in the coming days. from Business of Fashion https://ift.tt/j1wDGIv

Margiela and Diesel Fuel Rise in Sales for OTB Group

Despite macroeconomic conditions that challenged players across the luxury industry, sales for Milan-based OTB Group rose 10.2 percent year-over-year to €1.9 billion ($2 billion) in the financial year 2023, ended Dec. 31. from Business of Fashion https://ift.tt/bRshcgt

Why Fewer Chinese Are Shopping in Europe’s Fashion Hubs

Post-Covid spend by US tourists in Europe has surged past 2019 levels. Chinese travellers, by contrast, have largely favoured domestic and regional destinations like Hong Kong, Singapore and Japan. from Business of Fashion https://ift.tt/ovmNkGA

The Emerging Brand Survival Plan: Bags, Basics and Beyoncé

To stabilise their businesses brands are honing in on what their particular consumer wants to buy, introducing new categories and starting conversations. from Business of Fashion https://ift.tt/kRzoABV

Nike to Lay Off 2% of Workforce

The sports giant said it would redirect resources to reignite growth in its top categories. from Business of Fashion https://ift.tt/VRwbDlC

US Senator Urges SEC to Block Shein IPO Unless China Operating Risk Disclosed

Republican Senator Marco Rubio wrote that Shein’s recent decision to request approval from Beijing for a prospective US IPO “raises serious doubts” about the accuracy of the company’s filings. from Business of Fashion https://ift.tt/hcTRFHP

EssilorLuxottica Margin Just Below Expectations on Inflation Hit

Sales for the fourth quarter totaled €6.25 billion ($6.7 billion). from Business of Fashion https://ift.tt/tWFERzB

NYC Sues Social Media Platforms Over Teen Mental-Health Concern

The city filed a lawsuit on Wednesday in California state court in Los Angeles against Meta, TikTok Inc. and Google LLC. from Business of Fashion https://ift.tt/bul0a8Q

Why We Can’t Stop Talking About Khaite

The brand has won industry accolades and commercial success, which has only raised the expectations and critical scrutiny it faces. At her downtown Manhattan office, founder and creative director Catherine Holstein opened up about what’s next for the luxury label — and why she’ll never leave New York. from Business of Fashion https://ift.tt/WoRhTZm

How The Body Shop Influenced Generations

Since the brand was founded in 1976, it has served as a gateway to adolescence for generations of young people. from Business of Fashion https://ift.tt/X4Msr3f

How L’Oréal Luxe Used Fashion Deals to Become Prestige Beauty’s Biggest Player

At a Paris event showcasing fragrance innovation, L’Oréal Luxe’s president Cyril Chapuy spoke to BoF about how the group’s licensing strategy helped it surpass rivals to become the world’s number-one luxury beauty group last year. from Business of Fashion https://ift.tt/CrET1FM

Tiger Woods Debuts New Lifestyle Brand Sun Day Red

Just over a month after announcing his split with Nike after 27 years last month, Tiger Woods is back in the golf wear game. from Business of Fashion https://ift.tt/7TgjYJw

China Online Beauty Sales Surge in January

Data from Bernstein indicates a market-wide recovery, once the impact of a protracted decline in duty-free beauty is stripped out. from Business of Fashion https://ift.tt/sifnjxG

Temu Spent Millions on Six Super Bowl Ads as It Tries to Win Back US Shoppers

The waning revenue and user figures raise questions around whether Temu’s explosive US growth may be cresting long before it presents any real threat to juggernauts like Amazon. from Business of Fashion https://ift.tt/rOYu0Dv

Job Losses Likely as the Body Shop Lines Up Administrators

The Body Shop, the skincare and cosmetics retailer founded by the campaigner Anita Roddick in the 1970s, is set to appoint administrators in a move likely to result in lost jobs and shop closures. from Business of Fashion https://ift.tt/yplNXr4

Op-Ed | Television’s Enduring Influence on Fashion

In the age of Instagram, the narrative power of television still gives it tremendous power over how Americans dress, argues Hal Rubenstein. from Business of Fashion https://ift.tt/EwApUzI

Tod’s Group to Go Private in Deal with L Catterton

The Della Valle family will retain majority control of the business with 54 percent of total share capital. from Business of Fashion https://ift.tt/wonBqCR

The Super Bowl’s Fashion Moment Has Arrived

After Salomon and E.l.f. experienced big bumps from the big game last year, brands of every stripe are looking to create their own moment as the San Francisco 49ers take on the Kansas City Chiefs. from Business of Fashion https://ift.tt/Cf5kzMw

The BoF Podcast | Pat Boguslawski Is the Secret Weapon Behind John Galliano’s Fashion Drama

Pat Boguslawski, the model whisperer responsible for the seductive theatricality of Galliano’s Margiela shows, talks to Tim Blanks. from Business of Fashion https://ift.tt/08X2GYn

Elena Velez and Jacques Agbobly Among LVMH Prize Semi-Finalists

On Friday LVMH named the 20 semi-finalists competing for this year’s LVMH Prize for Young Fashion Designers, which includes a year of mentorship by LVMH and €400,000 ($431,466) in prize money. from Business of Fashion https://ift.tt/yNse56I

Chanel Opens Its First US Store Dedicated to Jewellery and Watches

For years, the French luxury brand has been seeking a prime location along Manhattan’s storied Fifth Avenue. from Business of Fashion https://ift.tt/K59MWn2

How AI Is ‘Amplifying Creativity’ in Fashion

London Fashion Week will showcase a host of AI-generated outfits and industry insiders have expressed a growing optimism about what the technology can do for the sector. from Business of Fashion https://ift.tt/BxKEcSO

Kering Is Pulling Its Brands From Farfetch

As a workaround, the embattled marketplace is considering providing “complete anonymity” to third-party retailers in exchange for sourcing certain luxury brands, according to internal documents reviewed by BoF. from Business of Fashion https://ift.tt/ZwI9ebV

L’Oréal Posts Record Results, Becomes Global Market Leader for Prestige Beauty

In its full-year results announced Thursday, the French conglomerate reported its third consecutive year of double-digit growth, with sales reaching 41 billion euros ($44 billion). from Business of Fashion https://ift.tt/mFWyHVi

Kering Sales Dip 4% in Holiday Quarter

Gucci and Balenciaga's French owner will face tough questions from investors today as turnaround plans struggle to gain traction. from Business of Fashion https://ift.tt/LlTDFI6

How Fashion Is Adapting to the Diversity Backlash

While some companies are backing away from diversity, equity and inclusion efforts amid a conservative backlash, others are finding clever new approaches to meeting their original goals. from Business of Fashion https://ift.tt/ASCl7Pj

Coty’s Premium Fragrances, Cosmetics Launches Drive Quarterly Revenue Beat

In the Americas region, Coty’s net revenue rose 10 percent to $687.9 million, accounting for 40 percent of its total sales. from Business of Fashion https://ift.tt/UecHvEu

Costa Brazil Returns After Amyris Bankruptcy

The label is resuming operations and will be available for sale again on Thursday. from Business of Fashion https://ift.tt/xbSAFEa

Chanel Wins Trademark Case Against What Goes Around Comes Around

A jury agreed that the reseller had misled consumers by promoting the luxury brand’s goods in its marketing materials and claiming that the pre-owned pieces are authentic. from Business of Fashion https://ift.tt/YNtoTMZ

Vans Owner VF Corp Misses Quarterly Profit Expectations

CFO Matt Puckett announced that he will be stepping down later this year. from Business of Fashion https://ift.tt/3cdfblA

E.l.f. Beauty Reports 85 Percent Sales Growth and Raises Outlook

E.l.f. Beauty’s growth surge is accelerating. from Business of Fashion https://ift.tt/N3PL6O4

Why Chinese Brands Excel at Down Jackets

Local fashion designers experimenting with puffers and other down clothing have scored collaborations with outerwear companies like Moncler and attracted the attention of prominent international retailers like H.Lorenzo. from Business of Fashion https://ift.tt/w8AfH5V

Garment Workers Have Lost Out on £4 Billion of Severance Pay, Says Rights Group

The Worker Rights Consortium says that garment workers have been denied billions of pounds of legally mandated severance pay after being sacked or losing their jobs due to brands cancelling orders or factory closures. from Business of Fashion https://ift.tt/yf8dgxE

Estée Lauder Reveals Its Recovery Playbook

The beauty giant announced layoffs and plans to regain profitability, measures to restore faith in investors and customers alike. from Business of Fashion https://ift.tt/WbKsjgD

Blackstone Said to Consider Bid for Skincare Company L’Occitane

Blackstone is considering the possibility of teaming up with L’Occitane’s billionaire chairman Reinold Geiger on a buyout. from Business of Fashion https://ift.tt/58udFi1

Dazed Launches Social Media App

The new app aims to serve as a networking platform for creatives around the world to collaborate on projects and share opportunities. from Business of Fashion https://ift.tt/wkpzC7A

Chanel Names New Asia Leaders as Senior Departures Pick Up

Chanel named two executives to replace Vincent Shaw, its Asia Pacific president, when he steps down later this year, as turnover picks up among members of the fashion house’s old guard. from Business of Fashion https://ift.tt/QUE20cX

Sephora: ‘Mothership of Modern-Day Beauty Industry’ Revels in a Retail Makeover

After departing the UK in 2005, the beauty retailer returned to London’s Westfield White City mall in 2023. More stores are to come, said Sarah Boyd, Sephora UK managing director. from Business of Fashion https://ift.tt/cqETyvS

Tax-Free Shopping for Tourists in UK May Return as Government Eyes Rethink

The Treasury’s independent forecaster is to review the axeing of tax-free shopping for tourists, raising the possibility that a decision that leisure companies and retailers have blasted for deterring visitors and losing the UK billions in sales could be reversed. from Business of Fashion https://ift.tt/sQw5Mku

Four Companies to Watch in This Week’s Earnings Bonanza

We’re in the thick of earnings season, with over a dozen major fashion and beauty companies reporting their quarterly and full-year results. Here’s which ones to watch out for, and why. from Business of Fashion https://ift.tt/XHzG9ux

Marc Jacobs: Wayward in Wonderland

At a quirky runway show ahead of New York Fashion Week, it was as if Mary Weiss of the Shangri-Las had found her way to Tokyo and sat down to share a Marlboro with Rei Kawakubo. from Business of Fashion https://ift.tt/s3b0KrR

Shayne Oliver’s Anonymous Club Heads to Berlin Fashion Week

The fashion show will follow a new event concept developed by communications agency Reference Studios for Berlin Fashion Week, dubbed Intervention. from Business of Fashion https://ift.tt/gZWIh19

Why Salomon-Owner Amer Sports’ IPO Fell Short

After discounting its listing, the sportswear group, which also owns Arc’teryx and Wilson, became the latest big fashion company to confront the tepid US IPO market. from Business of Fashion https://ift.tt/KJO8iAE