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Showing posts from November, 2024

The BoF Podcast | The Great Luxury E-Commerce Reckoning

Mytheresa CEO Michael Kliger and Moda Operandi co-founder Lauren Santo Domingo joined BoF founder and CEO Imran Amed at BoF VOICES 2024 to share their insights on the future of luxury e-commerce. from The Business of Fashion https://ift.tt/vYcwpQr

Trump’s Impact on Fashion Takes Shape

This week, US President-elect Trump singled out Canada, Mexico and China for early action on tariffs, Walmart joined businesses in cutting back DEI programmes, and Black Friday offered a glimpse at how the election is shaping consumer sentiment. from The Business of Fashion https://ift.tt/lWFmn3b

London Fashion Week to Ban Exotic Skins

Brands that want to appear on the city’s official fashion week schedule will not be allowed to use crocodile, snake or other wild animal leathers in the collections they show there, extending a ban on fur introduced last year. from The Business of Fashion https://ift.tt/4NPZaFR

Nykaa Acquires Indian Beauty Brand Earth Rhythm

The Indian beauty juggernaut has acquired the local skincare, cosmetics and personal care brand, two years after making a minority investment in it. from The Business of Fashion https://ift.tt/MgAkB3f

Where Fashion Is Finding Growth in Asia as China Stalls

India will be a major focus in the year ahead, particularly for high-street players, while Japan’s luxury boom is expected to continue, according to the BoF-McKinsey State of Fashion 2025. from The Business of Fashion https://ift.tt/UQEwfxs

Increasing Brand Presence and Impact on TikTok

Farah Maloof, head of fashion and luxury partnerships at TikTok, and Jordan Mitchell, the co-founder and co-CEO of cultural marketing agency Good Culture Inc., share their insights on how to best engage the zeitgeist, effectively work with content creators and empower teams within businesses to successfully navigate the entertainment platform. from The Business of Fashion https://ift.tt/IzbdWPi

Online Marketing Costs Jump in Bidding War With Temu and Shein

In the United States, for example, Temu has bid on keywords including “Walmart Black Friday deals”, “Kohls Black Friday”, and “Bed Bath Beyond”, according to data on Google search ads compiled by online marketing platform Semrush for Reuters. from The Business of Fashion https://ift.tt/UBLnCJh

Can Mytheresa Keep Its Place at the Top of Luxury E-Commerce in 2025?

Ahead of his company’s deal to acquire Yoox-Net-a-Porter, Mytheresa CEO Michael Kliger opens up about what it takes to be a leader in online luxury and his expectations for the year to come in the BoF-McKinsey State of Fashion 2025. from The Business of Fashion https://ift.tt/lMPOKai

RFK Jr. Is Poised to Be America’s Wellness Influencer-in-Chief

While doctors are alarmed about RFK Jr.’s views on vaccines, parts of the wellness world are embracing Trump’s pick for Health and Human Services secretary. from The Business of Fashion https://ift.tt/tSx1YU9

Lanvin to Show Peter Copping’s Debut Collection During Paris Menswear Week

After a near two-year absence, the Parisian fashion house will return to Paris Fashion Week show during menswear week in January 2025. from The Business of Fashion https://ift.tt/WKUk3GP

What Fashion’s Advocacy Will Look Like in the Trump Era

Many brands have stopped engaging with social and political issues, fearing a conservative backlash. That calculus may change when Trump returns to office. from The Business of Fashion https://ift.tt/eH15Cc7

Fashion Brand Isabel Marant’s Bonds Dive After Sales Slump

The brand’s bonds hit a record low following a sharp decline in sales, with a 31 percent drop in wholesale and online revenue contributing to the company’s overall 17 percent sales slump. from The Business of Fashion https://ift.tt/7P035nQ

How to Sell Jewellery Like Fine Art

At the inaugural Joya fair in Monaco last week, two former art gallerists aimed to defy luxury’s current malaise with avant-garde jewellery propositions sold with a curated, high-culture approach. from The Business of Fashion https://ift.tt/B0Laroq

Announcing Kosas and Jaded London to BoF Careers

Check out this week’s new partners and openings on BoF Careers, the global marketplace for fashion talent. from The Business of Fashion https://ift.tt/7DJpGns

Telfar’s First Store: A Block Party for the ‘Bushwick Birkin’

More than 2,000 people showed up in SoHo on Saturday to celebrate the opening of the brand’s first permanent outpost – and add another of the sometimes hard-to-find tote to their collection. from The Business of Fashion https://ift.tt/fs98evF

Represent Sells Minority Stake to Private-Equity Firm True

The investment comes off the back of soaring sales for the British menswear brand, which opened its first flagship stores in Los Angeles and Manchester this year and expects to hit annual sales of £100 million by the end of 2024. from The Business of Fashion https://ift.tt/6RpFZvB

Will HeyDude Trip Up Crocs’ Winning Streak?

With the company’s signature clogs seeing slower growth, turning around the struggling maker of casual, sneaker-like loafers is a priority — and Sydney Sweeney has been enlisted to help. from The Business of Fashion https://ift.tt/MvYbpzB

This Week: On Black Friday, It’s Shein and Temu Versus the World

Spending has been sluggish, but retailers have a chance to make up for lost time in a compressed holiday season - if they can find an answer to their online competition. from The Business of Fashion https://ift.tt/qOSgKu9

Luxury’s Pricing Reality Check

Value for money matters, even at high-end brands. This week, Mulberry joined Burberry and Capri in admitting rampant price inflation has contributed to a collapse in demand. Will others follow suit? from The Business of Fashion https://ift.tt/LT1G8hS

At BoF VOICES 2024, The Future of Commerce-Enabled Culture

To an audience of top business and creative leaders from across the fashion industry and the wider world, Ruth Diaz, Vice President of Amazon Fashion Europe, took to the stage at BoF VOICES 2024 to discuss the intersection of commerce, technology and culture — and how fashion stands to benefit. from The Business of Fashion https://ift.tt/DsC5NrB

Olive & June To Be Acquired by Helen of Troy

Drybar owner Helen of Troy bets on DIY nail care with its acquisition of Olive & June. from The Business of Fashion https://ift.tt/fwn3ygt

Gap Lifts Outlook Ahead of Key Shopping Season

Gap Inc. raised its full-year outlook for sales, with the apparel retailer saying all of its brands are gaining market share. from The Business of Fashion https://ift.tt/j7Y1V0a

Canadian Fashion Company Groupe Dynamite Launches IPO

Shares of the Montreal-based retailer, which owns womenswear brands Dynamite and Garage, fell 2 percent following its debut on the Toronto Stock Exchange. from The Business of Fashion https://ift.tt/8NCuDaq

The Ordinary CEO Nicola Kilner to Step Down

Kilner, who co-founded the company in 2013 with Brandon Truaxe, confirmed she would step down from her role at the end of the year. from The Business of Fashion https://ift.tt/9lWuiBw

Has Fashion’s Convergence With Sports Gone Too Far?

The deluge of sports-inspired product releases and collaborations between brands and sports teams or athletes has saturated the market and started to spur a backlash. But insiders say there is still room for tie-ups which go beyond simple logo swaps or licensing deals. from The Business of Fashion https://ift.tt/Kuf3gU7

Reliance Brands Limited CEO to Step Down

Darshan Mehta founded the company, which operates over 400 mono-brand luxury stores across cities in India, in 2007. from The Business of Fashion https://ift.tt/hxFDqKa

E.l.f Beauty Shares Drop Following Short Seller Report

Short sellers Muddy Waters’ Carson Block said in a conference in London on Wednesday that he was shorting the stock due to concerns over revenue and inventory. from The Business of Fashion https://ift.tt/XiQY4gd

The Japanese Manicurist Taking on Plastic Pollution, One Nail at a Time

Tokyo-based nail technician Naomi Arimoto uses umigomi, or “sea trash,” to create intricate nail art designs, hoping to put environmental issues at the forefront of her customers’ minds. from The Business of Fashion https://ift.tt/jAideuJ

Did These Fashion and Beauty Trends Predict Trump’s Comeback?

The former president’s victory shocked many Democrats. But there were signs bubbling up in the culture well before election night that America was about to take a lurch to the right. from The Business of Fashion https://ift.tt/B6nsC8M

Mytheresa Reports Sales, Profit Growth in Latest Quarter

The German e-tailer’s consistent financial performance puts it in a solid position as it awaits regulatory approval of its merger with Yoox-Net-a-Porter. from The Business of Fashion https://ift.tt/hbB9tQE

Revolution Beauty Sales, Profits Slide in First-Half Results

The embattled British cosmetics company reported a 20 percent slide in revenue, but says turnaround efforts will start to pay off in the second half. from The Business of Fashion https://ift.tt/3va92mw

Where Does Michael Kors Go From Here?

Without Tapestry, Capri Holdings has a tough road ahead to return its biggest brand to growth. from The Business of Fashion https://ift.tt/KLUbndh

The Best Jobs on BoF Careers

Discover the most exciting career opportunities now available on BoF Careers — including jobs from Tapestry, Tiffany & Co. and House of Sunny. from The Business of Fashion https://ift.tt/AIV6RnT

How Fashion Is Shaking Up Its Global Sourcing Strategies

Rising costs, evolving trade policies and shifting political winds are pushing brands to diversify their sourcing in Asia and laying the foundations for more manufacturing closer to home, as detailed in the BoF-McKinsey State of Fashion 2025. from The Business of Fashion https://ift.tt/NwMba2o

This Week, Gap Proves Its Staying Power

Gap’s earnings this week will present a clearer picture of how well Richard Dickson’s attempts to bring Gap back in the fashion conversation is sticking with consumers. from The Business of Fashion https://ift.tt/DhipXvB

Kering’s Balenciaga CEO Charbit Set to Lead Yves Saint Laurent

Cedric Charbit would replace Francesca Bellettini, who took on a bigger role at the struggling French fashion group in 2023, according to people familiar with the situation. from The Business of Fashion https://ift.tt/49c72gE

Telfar to Open Its First Flagship Store

The cult apparel and accessories label’s 10,000-square-foot outpost in New York will include a year-round selection of its popular “Bushwick Birkins” and a television studio. from The Business of Fashion https://ift.tt/ftQ2w6e

Amazon Questioned by Congress Over Growing TikTok Relationship

In a closed-door meeting with the House Select Committee on China, Amazon representatives faced scrutiny over their new partnership with TikTok. from The Business of Fashion https://ift.tt/M9QDV0O

Louis Vuitton Opens Temporary NYC Flagship Store

The luxury brand has opened a five-story retail location complete with a café, chocolate shop and VIP suites as a temporary replacement to its Fifth Avenue flagship, which is currently undergoing renovations. from The Business of Fashion https://ift.tt/3BpiEKP

BoF VOICES 2024: Global Culture and Creativity

Valentino’s Alessandro Michele and Jacopo Venturini, On founder David Allemann and Skims co-founder Jens Grede and more spoke about creativity and culture. from The Business of Fashion https://ift.tt/VjyM0Ca

LVMH HR Chief Chantal Gaemperle Exits Group

The Swiss executive joined LVMH in 2007 from food & beverage conglomerate Nestlé and is leaving LVMH to “pursue new projects,” the company said in a statement. from The Business of Fashion https://ift.tt/EbcvF06

BoF VOICES 2024: The Next Phase of Generative AI

In the third session of VOICES, some of fashion’s most promising innovators grappled with the costs and benefits of this century’s most exciting technology. from The Business of Fashion https://ift.tt/DgKYpxt

Anna Sui Launches New Fragrances for Brand’s 25th Anniversary

The fashion designer is releasing five new scents with the hope of targeting multi-generational customers. from The Business of Fashion https://ift.tt/0iWoQKa

Buy Now, Pay Later Firm Klarna Files for US IPO

The Swedish firm has confirmed it will stage its IPO in the US, ending months of speculation, and undercutting hopes of a European listing. from The Business of Fashion https://ift.tt/rDkyhqL

‘Functional Luxury’: How Rimowa Keeps Growing in a Downturn

After quadrupling sales in five years following LVMH’s acquisition, the German luggage maker is seeing continued momentum during rocky times for high-end shopping, including in China. CEO Hugues Bonnet-Masimbert says the brand is focusing on functionality and innovation, including its first push into the handbag category. from The Business of Fashion https://ift.tt/Lr3VRtK

BoF VOICES 2024: Confronting an Age of Uncertainty

Former Vanity Fair editor Tina Brown, indigenous environmental activist Nemonte Nenquimo and McKinsey Global Institute chair Sven Smit unpack the cultural, economic, political and technological forces reforging the global landscape. from The Business of Fashion https://ift.tt/y34rnaO

Why Weirdness Is Selling in Men’s Denim

Young, fashion-forward men are buying up jeans with bold graphic prints, distinctive embellishments and extremely baggy silhouettes, creating opportunities for niche denim labels and mass retailers alike. from The Business of Fashion https://ift.tt/1O3hR0f

Moncler Not in Talks to Take Over Burberry, Sources Say

Burberry CEO Joshua Schulman is expected to announce a strategy update after the brand suffered significant sales declines when it reports results on Thursday. from The Business of Fashion https://ift.tt/BVPWp24

The State of Fashion 2025: Challenges at Every Turn

The ninth annual State of Fashion report by McKinsey & Company and BoF Insights, The Business of Fashion’s data and advisory team, reveals that economic and geopolitical challenges, combined with shifts in customer values, will define a turbulent year ahead. Download the full report to understand the 10 themes that will shape the industry and the opportunities for growth in 2025. from The Business of Fashion https://ift.tt/y3GniQL

Milanese Momentum: How The Attico Turned Buzz Into Longevity

When Gilda Ambrosio and Giorgia Tordini founded their womenswear brand in 2016, the Italian designers generated both buzz and business instantly, landing 140 stockists and an approximately 80 percent sell-through rate in their first year. Eight years on, having navigated a global pandemic and on-going economic and market uncertainty, BoF sits down with The Attico’s leaders to learn about how they built a brand with creative and commercial longevity. from The Business of Fashion https://ift.tt/zHZKFoL

Prada Family Has a Plan in Place to Avoid Succession Drama

With the power couple behind the luxury house in their 70s, they have prepared the groundwork for their legacy. from The Business of Fashion https://ift.tt/VJR5Wwx

Marc Jacobs Named US Vogue’s First Guest Editor

The December issue hones in on themes of dance and creative expression and Kaia Gerber on two covers by Steven Meisel and Anna Weyant. from The Business of Fashion https://ift.tt/6soZBmW

This Week: Burberry Goes Back to Basics, Again

When times get tough, the British brand tends to lean more heavily on its heritage. A traditionalist makeover is expected to be announced alongside what are expected to be bleak earnings on Nov. 14. from The Business of Fashion https://ift.tt/rKIa3mJ

Vuori Raises Investment at a $5.5 Billion Valuation

Californian activewear brand Vuori announced an $825 million investment led by General Atlantic and Stripes. from The Business of Fashion https://ift.tt/k1mvV8Y

The BoF Podcast | Sammy Basso on the Power of Positive Thinking

In a conversation at BoF VOICES 2023, Sammy Basso, the oldest known person with progeria, speaks with friend Annastasia Seebohm Giacomini about the importance of his research and shared his philosophy of how to live a full and fulfilling life. from The Business of Fashion https://ift.tt/9crS7OA

The Foundations of Retail Success

Partnering with Brookfield Properties, The Business of Fashion shares insights on what it takes to find success in today’s evolving retail landscape. In the first of a four part series, we outline best practices for choosing retail locations. from The Business of Fashion https://ift.tt/4uWfVN9

Louis Bacon’s $203 Million Court Win Against Peter Nygard Tossed

A New York appeals court overturned Bacon’s defamation judgment against Nygard, ruling that Nygard wasn’t properly served court papers while incarcerated for sexual assault. from The Business of Fashion https://ift.tt/7mB6W3Q

Olaplex Lowers Fiscal-Year Outlook

The brand’s 2024 sales projection has decreased, complicating a larger turnaround plan. from The Business of Fashion https://ift.tt/PqK1O0S

Trump’s Victory Has the Fashion Industry Asking: What Just Happened?

Fashion insiders are reckoning with the sweeping implications — policy and beyond — of a second administration under Donald Trump. from The Business of Fashion https://ift.tt/IcbZ9uo

E.l.f Beauty Lifts Annual Forecasts on Resilient Cosmetics Demand; Shares Up

The company’s strategy of introducing “dupes” of luxury cosmetics and pricing its products between $2 and $10 has further bolstered demand. from The Business of Fashion https://ift.tt/ezZIRPx

Coty Sees Annual Profit at Low End of Forecast as Mass Beauty Demand Slows

Coty is also facing tight inventory management by retailers globally, while in the United States the company is grappling with soft sales at drug stores and pharmacy chains. from The Business of Fashion https://ift.tt/AXcHkeM

The Beauty Slowdown Has Come for Indie Retailers

Credo Beauty, Goop, and Thirteen Lune are among the smaller, independent beauty retailers responding to US market headwinds. from The Business of Fashion https://ift.tt/El7yOGY

Trump Takes Lead but US Presidential Race Still Too Close to Call

The outcome of the vote will have major repercussions for the global fashion industry, as the two candidates have taken vastly different approaches to issues ranging from trade to climate change. from The Business of Fashion https://ift.tt/dbeW8s6

The Debrief | Why Some Sports Win Big in Fashion — and Others Don’t

Senior correspondent Sheena Butler-Young and executive editor Brian Baskin are joined by BoF sports correspondent Daniel-Yaw Miller to examine how luxury brands are tapping into the world of sports, from football and Formula 1 to women’s basketball. from The Business of Fashion https://ift.tt/wdbUZCY

Vitamin Shoppe Owner Files for Bankruptcy

Franchise Group Inc, which owns brands including the Vitamin Shoppe and Pet Supplies Plus, has filed for bankruptcy protection after a slew of losses and a scandal connected to its backer B. Riley Financial Inc. from The Business of Fashion https://ift.tt/3URsaVl

Unsustainable Fashion Is Pricing Out the Conscious Consumer

Brands that make products with little concern for environmental and social impact are benefitting from a ‘brown discount,’ undercutting industry efforts to operate more responsibly, writes Kenneth P. Pucker. from The Business of Fashion https://ift.tt/yopD4s8

Fast-Fashion Retailer Groupe Dynamite Hires Bankers for IPO

The Canadian women’s clothing retailer has engaged banks for a potential initial public offering that could be launched in the coming weeks, aiming to invigorate the sluggish Canadian IPO market. from The Business of Fashion https://ift.tt/Z6F2PUN

Blackstone In Talks to Acquire Retail Opportunity Investments Corp, Sources Say

The private equity firm is in advanced talks to acquire ROIC which owns over 90 shopping centres in the US, according to people familiar with the matter. from The Business of Fashion https://ift.tt/lkIT1qB

The Best Jobs on BoF Careers

Discover the most exciting career opportunities now available on BoF Careers — including jobs from Acne Studios, Bloomingdale’s and Ugg. from The Business of Fashion https://ift.tt/GXdRhnm

The Secrets to Aritizia’s Explosive Growth, According to Its Superfans

The retailer’s idiosyncratic approach, from its price point to its fitting rooms, has allowed the chain to rapidly scale in recent years. from The Business of Fashion https://ift.tt/AGaP6K9

Dior Beauty Ambassador Sam Visser on How Creativity Sets Him Apart

BoF sits down with prominent makeup artist and Dior Beauty Ambassador, Sam Visser, to hear how prioritising creativity has enabled him to become one of the most influential makeup artists of his generation. from The Business of Fashion https://ift.tt/v4jadqp

This Week: Fashion’s Stake in the US Election

The industry has mostly tried to stay out of a close, bitter race, while quietly preparing for a potential Trump victory. from The Business of Fashion https://ift.tt/kmGpufJ

Is Fashion Missing the Bigger Picture?

Imran Amed shares his perspectives on the precarious state of fashion — and the wider world — in the lead up to BoF VOICES 2024. from The Business of Fashion https://ift.tt/meh5FwK

The BoF Podcast | Khalid Al Tayer on Driving Transformation in the GCC’s Luxury Market

In his first public interview, Khalid Al Tayer, managing director of Al Tayer Insignia and CEO of Ounass, joins BoF founder and CEO Imran Amed to discuss why brands need to go beyond ‘good enough’ to engage discerning customers in the Middle East. from The Business of Fashion https://ift.tt/7SVw1jy

Pioneering Indian Designer Rohit Bal Has Died

Marrying traditional patterns and craftsmanship with modern sensibilities, Bal’s designs were popular with Indian society and celebrities. from The Business of Fashion https://ift.tt/ZER8gY6