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Showing posts from January, 2025

Apple Scraps Work on Mac-Connected Augmented Reality Glasses

The project had been seen as a potential way forward after the weak introduction of the Apple Vision Pro, a $3,499 model that was too cumbersome and pricey to catch on with consumers. from The Business of Fashion https://ift.tt/QjDVxBn

The BoF Podcast | The Luxury Crisis, Explained

BoF’s Imran Amed and Bob Safian discuss the forces shaping the luxury slowdown and what the industry needs to do to snap out of it. from The Business of Fashion https://ift.tt/qCLn9N1

Jenni Kayne Wants to Be the Californian Ralph Lauren

The 23-year-old brand is evolving into a true lifestyle label, offering fashion, homewares and most recently, beauty, selling a relaxed ideal of West Coast allure. from The Business of Fashion https://ift.tt/6AXdy0b

Deckers Outdoor Raises Annual Net Sales Target for Second Time on Robust Demand

The company’s margins were aided by full-price sales of Hoka running shoes, which have been steadily gaining market share from Nike and Adidas. from The Business of Fashion https://ift.tt/SGuNK4v

Ferragamo’s Sales Down 4% in Fourth Quarter

Sales in the North American region, which accounted for 29 percent of total revenue, were up 6.3 percent in the quarter. from The Business of Fashion https://ift.tt/CfY2VRg

Case Study | The Complete Guide to Communicating Value to Shoppers

Among the greatest challenges fashion businesses face today is convincing increasingly discerning and discount-driven shoppers that their products are worth the buy — at full price. This case study explores how brands, from luxury to mass market, can communicate value in a competitive and choosy environment. from The Business of Fashion https://ift.tt/ClyGg43

Mulberry Wants to Make Brit Bags Cool Again

After years of dwindling profits and missing trends, Mulberry wants to double down on its British heritage in hopes to win over – and win back – customers in the UK and US. from The Business of Fashion https://ift.tt/TmcIbzu

The Verdict on Alessandro Michele’s Valentino Couture Debut

The star designer opted for a multimedia performance over a traditional couture defilé, with dresses that were more convincing as costumes than clothes, reports Angelo Flaccavento. from The Business of Fashion https://ift.tt/ilV8hyT

Aritzia: Redefining Shopping One Store at a Time

Not so long ago, Aritzia was a little-known womenswear brand serving elevated workwear staples from a modest footprint of stores. CEO Jennifer Wong talks in The State of Fashion 2025 about how the retailer found itself in hypergrowth — and why excellence starts from within the company. from The Business of Fashion https://ift.tt/GQfzK8I

Demna Named Chevalier de L’Ordre des Arts et des Lettres

The artistic director of Balenciaga was awarded one of France’s highest arts honors at the start of Paris couture week. from The Business of Fashion https://ift.tt/LnfTGtF

At Cybex, Innovating Baby and Juvenile Gear for Next Generation Parents

As Millennials and older Gen-Z consumers embrace parenthood, their shopping preferences are extending into traditionally functional categories. BoF hears from CYBEX founder Martin Pos and its CEO Johannes Schlamminger on how the business is innovating baby gear to meet those demands. from The Business of Fashion https://ift.tt/qWCiT0O

Phantom Bonuses, Staff Exodus: Inside the Troubled House of Tiffany

Tiffany & Co.‘s initiative to boost staff morale with the “Tiffany Joy” app backfired, evolving into a source of frustration as employees faced increasing pressure to engage, highlighting broader challenges in the company’s culture and sales strategy. from The Business of Fashion https://ift.tt/jXxdCFT

Estée Lauder Reviews Brands Amid Management Change

The beauty giant is reviewing its portfolio of beauty brands with Evercore Inc. as it looks to streamline operations and boost its share price under new CEO Stéphane de La Faverie. from The Business of Fashion https://ift.tt/CuD2gp1

LVMH and Stella McCartney Brand Part Ways

The designer is buying back the minority stake in the label held by LVMH but will continue to advise the group on sustainability issues. from The Business of Fashion https://ift.tt/rdTwqv0

BoF Community Gathers in Mumbai at ‘Inflection Point’ for Indian Fashion

Actors Sonam Kapoor Ahuja, Jacqueline Fernandez, Ananya Panday, Khushi Kapoor and Ishaan Khatter, together with designers Tarun Tahiliani, Manish Malhotra, Anita Dongre, Anamika Khanna, and more, joined BoF’s Imran Amed and The Bicester Collection’s Desirée Bollier to celebrate India’s growing influence on the global luxury landscape. from The Business of Fashion https://ift.tt/g3ujSzE

Sabyasachi Stages Lavish Mumbai Show Amid Global Expansion

Indian fashion star Sabyasachi Mukherjee marked his 25th anniversary in business with a spectacle that sought to position his Sabyasachi label as ‘India’s first global luxury brand.’ from The Business of Fashion https://ift.tt/yvqUIbs

This Week: Luxury’s Reality Check

LVMH reports fourth-quarter results, and will either confirm signs of a rebound – or dash hopes for a quick fix to the sector’s troubles. from The Business of Fashion https://ift.tt/e6ZWyL9

Kim Jones Awarded Knighthood During Paris Fashion Week

The British designer received Chevalier de la Légion d’honneur, France’s highest honour, shortly after presenting Dior’s latest menswear collection. from The Business of Fashion https://ift.tt/Bw6bQ1v

Burberry Soars After Demand Pickup Lifts Hope of Luxury Comeback

The luxury brand’s’s quarterly sales drop was smaller than expected, falling just 4 percent, boosted by a strong US holiday season and a focus on its iconic trench coats and scarves. from The Business of Fashion https://ift.tt/ZValvy9

From Trump to Gen-Z, Fashion Faces a Culture Quake

An anti-DEI push by the new administration and a Gen-Z led move away from alcohol-centric social events are among the workplace shifts on tap for the year ahead. from The Business of Fashion https://ift.tt/ZQ1RiWz

The Future of ‘Made in Italy’: ‘Many Factories Will Disappear’

In Italy’s key luxury manufacturing sector, more than 2,000 factories closed in the first three quarters of 2024. But innovative suppliers like Gruppo Florence are developing new models to navigate the pressures of a changing market. from The Business of Fashion https://ift.tt/J2uUGhC

Ami’s Evolving Paris Attitude

After growing sales ten-fold to over €300 million, designer-entrepreneur Alexandre Mattiussi and chief executive Nicolas Santi-Weill plan to cultivate a more nuanced, cohesive image. from The Business of Fashion https://ift.tt/lnsqhWy

Valentino-Owner Mayhoola Names Riccardo Bellini as Managing Director

Bellini will oversee strategy, operations and development of the Qatari luxury group’s portfolio, which also includes Balmain. from The Business of Fashion https://ift.tt/kqB8a0V

The Future of Online Resale Is Offline

Fashionphile, Rebag and other secondhand e-commerce platforms are opening stores and partnering with multibrand retailers in a bid to reach new customers. from The Business of Fashion https://ift.tt/WxRFN1C

The Debrief | The Evolving Art of Brand Collaborations

With consumers becoming savvier, brands must innovate their approach to partnerships to stand out in a crowded market. This week’s Debrief unpacks the state of collaborations, what makes them succeed or fail, and where they’re headed next. from The Business of Fashion https://ift.tt/XgTxc9i

Fashion’s Most Anticipated M&A Hot Spots in 2025

As the year’s M&A wave starts with once-hot legacy labels finding new owners, while buzzy start-ups hold out for higher valuations, BoF breaks down the types of acquisition targets the industry will likely see this year and the stakes for those potential deals. from The Business of Fashion https://ift.tt/P8JHtMR

So Long Quiet Luxury

At Milan men’s fashion week, the clothes were on the safe side, but the classics, when seen with free and inventive eyes, can rank amongst the most contemporary expressions of men’s fashion, reports Angelo Flaccavento. from The Business of Fashion https://ift.tt/B6tRYZz

Bernard Arnault, Jeff Bezos and Mark Zuckerberg and More Attend Trump’s Inauguration

A number of top business leaders in fashion and tech attended the smaller-scale inauguration inside the US Capitol. from The Business of Fashion https://ift.tt/3udqMTi

What Comes After TikTok’s Wild Weekend

Many US users had come to depend on the platform for their livelihoods, and brands found great success in partnering with them. Rebuilding that ecosystem in a suddenly fragmented social media landscape won’t be easy. from The Business of Fashion https://ift.tt/4nAZxbM

Industry Leaders Share Perspectives at Milan Fashion Week Men’s Celebration

BoF, together with Amazon Fashion, unite renowned designers, executives, entrepreneurs and creatives from brands and businesses including Prada, Bottega Veneta, Moncler, Bally, Versace, Marni, Stone Island, Zegna, Tod’s, Cabana Magazine, Diesel and Setchu. from The Business of Fashion https://ift.tt/9Y3AIGw

What’s Working in a Tough Menswear Market

Italian menswear has been comparatively resilient during luxury’s slowdown. At Pitti Uomo and Milan men’s week, executives hoped top-end, targeted propositions, technical brands and twisted classics would sustain the category. from The Business of Fashion https://ift.tt/ZfMEr23

TikTok Is Restoring Service in the US

The ByteDance-owned platform allowed users back on its app on Sunday following President-elect Donald Trump’s promise to grant an extension on the ban. from The Business of Fashion https://ift.tt/pDq8Z9w

TikTok Goes Dark for US Users, App Stores Remove Platform

TikTok on Saturday suspended its services for US-based users while Apple Inc. and Google removed the platform from their mobile app stores to avoid penalties under a new law, as the social media company awaits a possible reprieve from President-elect Donald Trump to continue operations. from The Business of Fashion https://ift.tt/pURToVE

This Week: Ready or Not, Here Comes President Donald Trump

TikTok, tariffs and immigration are among the issues that could see major action taken in the opening days of Trump’s second term. from The Business of Fashion https://ift.tt/Co81saj

Fosun’s Jewellery Unit Shanghai Yuyuan Considers Second Listing in Hong Kong

The Shanghai-listed company, which shares an owner with Lanvin Group, may seek to raise more than $300 million in an offering, Bloomberg reported citing unnamed sources. from The Business of Fashion https://ift.tt/0NvOrGb

The Philosophy Behind Lemaire’s $100 Million Ascent

Demand for the Paris label’s androgynous, utilitarian wardrobe has grown ten-fold since 2019 as shoppers turn their back on logo-mania and embrace the brand’s more subtle ethos. ‘Reality isn’t a dirty word,’ says co-creative director Christophe Lemaire. from The Business of Fashion https://ift.tt/LE42D6Z

Op-Ed | Not All of Luxury Can Glitter Like Cartier

Richemont’s strong sales growth, driven by jewellery demand and key brands like Cartier and Van Cleef & Arpels, signals a brighter future for luxury, even as China lags and price hikes continue to shift consumer preferences, writes Andrea Felsted. from The Business of Fashion https://ift.tt/p5gW6H3

After Viral ‘Wirkin,’ Walmart Inks Partnership With Luxury Reseller Rebag

Thousands of pre-owned Hermès, Chanel and Louis Vuitton accessories will be available for purchase on the retailer’s online marketplace. from The Business of Fashion https://ift.tt/EoLlyY5

Grace Ling Opens First Store in New York

The location will also serve as a showroom for the designer’s red carpet clientele. from The Business of Fashion https://ift.tt/6Ohelw7

Christie’s Names New CEO; Cerutti to Head Pinault Collection

Bonnie Brennan, who’s been at the auction house for the past 13 years, is set to become CEO of Christie’s on Feb. 1. from The Business of Fashion https://ift.tt/aPR2tsG

Proenza Schouler Founders Depart the Brand

Designers Jack McCollough and Lazaro Hernandez are leaving their New York-based label after over 20 years at the helm. from The Business of Fashion https://ift.tt/cy9Cpn3

Prada’s Plan for Growing in a Luxury Downturn

What's 'polyhedric brand equity'? Chief executive Andrea Guerra breaks down how Prada and Miu Miu — luxury’s ‘cultural brands’ par excellence — continued to outperform the market last year, and his outlook for 2025. from The Business of Fashion https://ift.tt/7pIwcDU

US Bans Imports From 37 More Chinese Companies Over Uyghur Forced Labour

The US has added 37 Chinese companies, including major textile, mining, and solar firms, to a blacklist over their alleged involvement in forced labour linked to human-rights abuses against the Uyghur population in Xinjiang. from The Business of Fashion https://ift.tt/AFfycag

The Debrief | How to Choose a PR Agency

From emerging designers to global names, The Debrief unpacks what to look for in a PR partner and how to make the most of that relationship. from The Business of Fashion https://ift.tt/vRUYbcV

The Five Strategies Defining Fashion’s Future in the Metaverse

‘Fashion’s Forward 5,' a note from The Metaverse Society, examines the five key themes that will redefine business practices and customer engagement in the metaverse. Discover key extracts from the report here, alongside BoF analysis. from The Business of Fashion https://ift.tt/nOUqkI1

Abercrombie Shares Drop Despite Strong Holiday Sales

Shares of Abercrombie were down 7.4 percent in Monday premarket trading in New York. The retailer’s shares soared 69 percent last year. from The Business of Fashion https://ift.tt/OzaNZ0k

The State of Fashion: Luxury

Macroeconomic headwinds, shifting customer preferences and a deteriorating value proposition continue to weigh on the global luxury sector in 2025. Companies need to review their strategic priorities — investing in talent development, product excellence and finding new ways to engage with clients. Download the special Luxury edition of The State of Fashion report by BoF Insights and McKinsey & Company to understand the strategic imperatives for luxury executives in the years ahead. from The Business of Fashion https://ift.tt/JtZRb7x

Los Angeles Faces Little Relief From Fires as Winds Persist

Southern California’s devastating wildfires are not only threatening lives and properties but also disrupting key fashion hubs, posing risks to luxury retailers and cultural landmarks, as the industry braces for long-term impacts on supply chains and real estate. from The Business of Fashion https://ift.tt/Z89b7Dn

This Week: Countdown to the TikTok Ban

Barring a last-minute intervention by the US Supreme Court, these may be the final days of social media as we know it. Plus, men’s shows and luxury earnings season kick off. from The Business of Fashion https://ift.tt/luXm0bN

Amazon Is Halting Some of Its Diversity and Inclusion Programmes

In a memo to employees, Candi Castleberry, a senior human resources executive, said last month that Amazon was “winding down outdated programmes and materials.” from The Business of Fashion https://ift.tt/1o5HCta

Supreme Court Signals It’s Likely to Uphold TikTok Ban in US

A majority of justices suggested they see US national security concerns as overriding the free speech interests of the companies and a group of content creators. from The Business of Fashion https://ift.tt/9RuFZra

Report: Capri Holdings Has Pitched Prada To Acquire Versace

Prada is among the potential investors who could be evaluating a purchase of Versace, Italian daily Il Sole 24 Ore reported Friday citing market speculation. from The Business of Fashion https://ift.tt/FCL03Nh

The Decline and Fall of the Viral Microtrend

Fast spreading — and disappearing — online “microtrends” or “cores” have driven fashion conversation for young shoppers over the past few years. Now, the churn has started to slow. from The Business of Fashion https://ift.tt/QXfcVxk

Birkenstock Sues ‘Copycat’ Rivals Claiming Its Sandals Are Applied Art

The company faces a legal battle in Germany to have its iconic cork-soled sandals recognised as “works of applied art” and protected by copyright law after suing competitors for alleged imitation. from The Business of Fashion https://ift.tt/QEXUMqP

M&S Reports Strong Festive Sales but Says UK Firms Will Take Hit From Tax Rises

Clothing, home and beauty product sales grew by 1.9 percent in the 13 weeks to 28 December. from The Business of Fashion https://ift.tt/oWDQUGl

Consumers Want Brands to Prove They’re Worth It

Macroeconomic pressures and rising prices have driven fashion shoppers to adopt cost-conscious behaviours. To capture customers’ share of wallet, brands will need to prove their value, finds the BoF-McKinsey State of Fashion 2025. from The Business of Fashion https://ift.tt/72vwZPM

Elyse Walker, Palisades Village Area Businesses Damaged by California Fires

Some stores have burned to the ground in the upscale Pacific Palisades neighborhood being decimated by a still-growing wildfire. from The Business of Fashion https://ift.tt/YAD5hbX

How to Keep the Gen-Z Fragrance Boom Going

Fragrance has proved a bright spot amid the beauty sales slowdown. But to keep growing, brands need to adapt to consumer habits that are changing quickly. from The Business of Fashion https://ift.tt/MUszifZ

True Religion Acquired by Private Equity Firm Acon Investments

The deal, which included participation from American Eagle’s chief executive, will help the denim maker expand globally. from The Business of Fashion https://ift.tt/5C1EIse

What Happens When TikTok’s Trend Machine Shuts Down?

Facing a looming ban, brands and creators must contemplate the internet without its most important cultural production engine. from The Business of Fashion https://ift.tt/ez32H8t

The Top Beauty Trends to Watch in 2025

From fragrance layering to men’s styling products, trends on the rise in the new year hinge on the future of the social media landscape. from The Business of Fashion https://ift.tt/d7NofAF

Ulta Beauty Names Insider Steelman as CEO, Flags Strong Holiday Sales

Cosmetics retailer Ulta Beauty said on Monday insider Kecia Steelman will replace retiring CEO Dave Kimbell in the top role, and forecast a strong fourth quarter, sending its shares up about 2 percent in extended trading. from The Business of Fashion https://ift.tt/KwjrRfu

What Comes After a Brand Hits $100 Million in Sales?

Labels that crossed the nine figure sales mark despite tougher market conditions are blending new and old school brand-building tactics to create long-lasting legacies as they move beyond that number. from The Business of Fashion https://ift.tt/YZwBOtv

New Balance’s $10 Billion Plan

As the brand races to hit eleven-digit annual sales, CEO Joe Preston opens up for The State of Fashion 2025 about what New Balance is doing that its rivals aren't, the company's unique approach to brand and athlete partnerships and how it plans to stay ahead in the innovation battle. from The Business of Fashion https://ift.tt/PeE6FRm

Uniqlo, Gymshark and Lush Stop Hiring UK Workers via Gig Economy Apps

Following union pressure over concerns that workers were being denied essential employment rights, the retail companies have stopped hiring freelance workers through apps like YoungOnes and Temper. from The Business of Fashion https://ift.tt/TMgbJiS

This Week: The Golden Globes Kick Off Red Carpet Season

The luxury downturn, designer shakeups and rebranding campaigns could inject some new life into the red carpet. from The Business of Fashion https://ift.tt/ujZtbAf

Ralph Lauren Is Awarded Presidential Medal of Freedom

The New York-based designer will be honoured by outgoing US President Joe Biden in a ceremony at the White House Saturday afternoon, making him the first fashion designer to receive the award. from The Business of Fashion https://ift.tt/VLAYRg4

TikTok’s Live Video Feature ‘Groomed’ Minors, Utah AG Claims

A newly unredacted lawsuit reveals that TikTok has long been aware its livestream feature facilitated sexual exploitation of minors, money laundering, and even funded terrorism. from The Business of Fashion https://ift.tt/Xi5ugOJ

The Best of BoF 2024: Beauty Launches

2024 saw beauty launches from fashion labels, celebrities and beauty industry veterans. Makeup was a target for luxury brands like Celine and Burberry, while hair care was the latest category of choice for celebrities including Beyoncé and Blake Lively, and former executives from Victoria Beckham Beauty and Aesop hedged their bets on niche lines. from The Business of Fashion https://ift.tt/aMs23RS

Designer Rosita Missoni Dies at 93

She launched the business in 1953 with her husband Ottavio Missoni, developing a brand which became popular for its colourful knitwear. from The Business of Fashion https://ift.tt/R3ewtzu

US Dockworkers, Port Employers Set to Restart Talks Next Week

Contract talks between port workers and their employers will resume on January 7, aiming to avert a strike that could disrupt key East and Gulf Coast ports, with the key issue of semi-automated machinery potentially stalling progress. from The Business of Fashion https://ift.tt/r4XA36l

The 10 Themes That Will Define the Fashion Agenda in the Year Ahead

From the luxury slowdown to shifting consumer tastes and unprecedented demographic shifts, The State of Fashion 2025 explores the biggest challenges and opportunities the industry will face in the coming year. from The Business of Fashion https://ift.tt/YCQZn8m

The Best of BoF 2024: The Big Beauty M&A Year That Wasn’t

Despite a raft of attractive, buzzy brands beginning sales processes, many of beauty’s big conglomerates didn’t open their wallets this year. from The Business of Fashion https://ift.tt/iRbYk76

Inside Luxury’s Broken Audit System

LVMH-owned Dior missed glaring problems during an assessment of working and safety conditions in its production arm in Italy last year, according to a review of unpublished court documents. from The Business of Fashion https://ift.tt/4MKVB1I