Posts

Showing posts from May, 2025

Natura CEO Bets on Mexico as Cosmetic Maker Recovers

CEO João Paulo Ferreira announced plans to expand its presence in the country from its current 16 stores and stands, saying, ‘We will grow disproportionately in Mexico.’ from The Business of Fashion https://ift.tt/8DO0xjS

Appeals Court Allows Trump Tariffs to Stay in Effect for Now

A brief order granting the stay was issued Thursday by the US Court of Appeals for the Federal Circuit, putting an order blocking Trump’s tariffs on hold while the appeals court weighs a longer lasting stay sought by the government. from The Business of Fashion https://ift.tt/qTYKdus

Nike’s Longtime Design and Innovation Boss John Hoke to Retire

The chief innovation officer will remain with Nike until October. His successor has yet to be named. from The Business of Fashion https://ift.tt/uAjZXSx

Italy’s Golden Goose Rules Out IPO This Year, Sees Limited Impact From Tariffs

The Italian luxury sneaker maker still views a potential future market listing favourably, though it’s also open to merger and acquisition options. from The Business of Fashion https://ift.tt/NzlKbgM

LVMH Has Room to Raise Prices 2-3%, LVMH Deputy CEO Says

Deputy CEO Stephane Bianchi said the luxury conglomerate has room to raise prices of high-end products without affecting demand, but likely cannot implement price hikes for cognac or beauty products. from The Business of Fashion https://ift.tt/CaFjxck

E.l.f. Acquires Hailey Bieber’s Rhode for $1 Billion

In an interview with The Business of Beauty, E.l.f. chairman and chief executive Tarang Amin said the two brands recognised the “power” of joining forces. from The Business of Fashion https://ift.tt/j2eIPO8

Can Jewellery Continue to Outshine Fashion?

As leather goods lose their cool amid rising prices and quality concerns, fine jewelry is emerging as luxury’s shining star. from The Business of Fashion https://ift.tt/UmRHraV

Hudson’s Bay Retail Chain to Terminate More Than 8,300 Workers by Sunday

Canada’s oldest retail chain will lay off 89 percent of its workforce by Sunday, when it will conclude its liquidation sale and shutter all stores. from The Business of Fashion https://ift.tt/GPQHNFT

Crypto-Luxury Brand 9dcc Is Shutting Down

The brand cited headwinds in web3 and softness in the luxury market for its decision in an announcement Tuesday. from The Business of Fashion https://ift.tt/5MEi17r

The Debrief | Beauty Is in Its Flop Era

Once thought to be resistant to economic downturns, the beauty industry is facing a significant slowdown. This week on The Debrief, BoF’s Daniela Morosini explains why consumers are pulling back and what brands can do next. from The Business of Fashion https://ift.tt/im3HaGD

Why Food Is Everywhere in Fashion Advertising

As foodie culture peaks and the cost of living rises, food is popping up more than ever in fashion imagery. from The Business of Fashion https://ift.tt/Rg2XHrE

The Business of Ballerina Farm

Hannah Neeleman is the farmfluencer who broke the internet thanks to the public’s obsession with her picturesque life, career choices and family dynamics. Now, she is taking her burgeoning lifestyle empire global. from The Business of Fashion https://ift.tt/ldL2yYk

Italy’s Fashion Brands Sign Accord to Fight Worker Exploitation

Italian legal and political authorities, trade unions and fashion industry parties signed a non-binding action plan focussed on the creation of a database of brands’ suppliers and their workforces, after prosecutors uncovered widespread abuse. from The Business of Fashion https://ift.tt/lspUbDN

EU Warns Shein of Fines in Consumer Protection Probe

The EU has ordered Shein to address consumer law breaches within one month or face potential fines. from The Business of Fashion https://ift.tt/B84ojQg

Indian Jewellers Accelerate Global Rollout From Dallas to Doha

Centuries-old heritage brands and contemporary jewellers from India are opening stores in North America, the Middle East, Southeast Asia and the UK, but few have broadened their offering to appeal to a client base beyond the South Asian diaspora. from The Business of Fashion https://ift.tt/NV7viHf

How Portuguese Brands Are Implementing Digital Strategies Today

The Portuguese Footwear Association, APICCAPS, invited brand leaders and business professionals across footwear and its adjacent industries to a day-long Digi4Fashion event in Porto, on digital opportunities for the industry in 2025. There, BoF spoke to footwear and fashion brands to learn about their key challenges in this area, and presented on opportunities and innovation in e-commerce today. from The Business of Fashion https://ift.tt/8HW9gtQ

Trump Extends Deadline for 50% Tariffs on EU Goods to July 9

The US president told reporters the decision to push the deadline came after he had a ‘very nice’ phone call with Commission President Ursula von der Leyen. from The Business of Fashion https://ift.tt/aMlDSVo

This Week: Three Questions for Retailers

Sneakers, lipstick and of course, tariffs, will be on investors’ minds as companies report quarterly results. from The Business of Fashion https://ift.tt/CKAd5fS

How Raisefashion’s Emerging Designers Build Brands Informed by Heritage

Designers from RaiseFashion’s third masterclass cohort are navigating shifting tariffs, supply chain challenges and pricing pressures. Here, BoF explores how four designers leverage their heritage to build their businesses — finding resilience through mentorship, storytelling and community. from The Business of Fashion https://ift.tt/gUM0AFb

How Fashion Can Engage With the Global Culture, the Right Way

Creative and commercial energy is increasingly driven by frontier markets in Asia, Africa and Latin America. Global brands must learn how to embrace and amplify local cultures in these markets in an authentic way. from The Business of Fashion https://ift.tt/sWnxMjl

E.l.f. Beauty Announces $1 Price Hike, Citing Inflation and Tariffs

The mass brand will raise prices in August. from The Business of Fashion https://ift.tt/htJrq2m

The BoF Podcast | Inside The Great Luxury Reset

Imran Amed, founder and CEO of The Business of Fashion, and Luca Solca, managing director of luxury goods at Bernestein, speak to System Magazine’s Jonathan Wingfield about how luxury fashion is navigating economic headwinds, shifting consumer values and the urgent need for creative renewal. from The Business of Fashion https://ift.tt/esmtfD0

The New Growth Playbook in a Changing Beauty Market

BoF and Front Row gathered beauty executives over breakfast in New York to examine brand authenticity, channel mix, product innovation and meaningful differentiation in today’s crowded beauty market. Here, BoF shares key insights from the discussion. from The Business of Fashion https://ift.tt/FELDygb

Hoka, Uggs Owner Deckers Declines to Provide Fiscal Outlook Due to Tariff Uncertainty

The shoe maker’s first-quarter net sales rose 6.5 percent off strong demand for Hoka footwear. from The Business of Fashion https://ift.tt/5liQn2d

Apple Plans Smart Glasses for 2026 as Part of AI Push

Apple Inc. is aiming to release smart glasses at the end of next year as part of a push into AI-enhanced gadgets. from The Business of Fashion https://ift.tt/kLT8OZQ

Adidas, Puma Expected to Hike Sportswear Prices Following Nike as US Tariffs Hit

Nike’s price hike announcement was ‘the moment Adidas and Puma were waiting for,’ said Robert Krankowski, sporting goods analyst at UBS. from The Business of Fashion https://ift.tt/mjyV9D1

Cult Swim Brand Hunza G Goes for Growth

Following a management buyout, creative director Georgiana Huddart and new CEO Krishna Nikhill lay out their plans to double the crinkly one-size-fits-all British swimwear label’s annual sales to £60 million over the next two years. from The Business of Fashion https://ift.tt/EiXcsM4

Change Is Coming to the Sneaker Retail Landscape

Dick’s Sporting Goods’ acquisition of Foot Locker will have impacts on the rest of the industry, from brands such as Nike and Adidas to rival retailers like JD Sports. from The Business of Fashion https://ift.tt/JEgCp7X

LVMH Said to Signal Continued Weakness on China Woes

The French luxury behemoth is warning investors and analysts that demand remains soft this quarter amid lacklustre consumer confidence, particularly in China, sources told Bloomberg. from The Business of Fashion https://ift.tt/b5CPkDI

Felix Capital Appoints Laurent Droin Partner

Droin was most recently a partner at Eurazeo, where he led investments in Gisou, Axel Arrigato and Ex Nihilo. from The Business of Fashion https://ift.tt/l5PQvH3

How Santoni Balances Craftsmanship With Innovation

As the Italian footwear brand marks its 50th anniversary, Santoni is eyeing up expansion into new regions and categories while doubling down on its commitment to quality, craftsmanship and its sustainability goals. BoF sits down with Giuseppe Santoni, president and chairman, to discuss the brand’s strategic focus for 2025. from The Business of Fashion https://ift.tt/cqDKLsi

Amer Sports Raises 2025 Guidance on Strong Demand for Arc’teryx and Salomon Footwear

Shares of the athletic apparel and equipment maker hit an all-time high on Tuesday. from The Business of Fashion https://ift.tt/hHAoqNP

Warby Parker to Launch Smart Glasses With Google

The eyewear maker will also receive an investment from the tech giant of up to $150 million as part of the collaboration, which is set to debut after 2025. from The Business of Fashion https://ift.tt/gcuVOWN

Global Retailers’ Tariff Strategy Risks Spreading Pain Beyond US Consumer

Brands like Birkenstock and Pandora are considering raising prices in markets outside the US to offset the impact of tariffs. from The Business of Fashion https://ift.tt/ZetQr31

Fashion’s Recycling Start-Ups Inch Closer to Commercialisation

Over the last month, a flurry of companies with backers from H&M to Inditex have advanced plans to build their first industrial-scale textile-to-textile recycling plants, advancing a technology that is often held up as a holy-grail-like solution to many of fashion’s environmental ills. from The Business of Fashion https://ift.tt/FSvaMug

With Financing Push, Saks Global Looks to Buy Some Time

A deal to secure $500 million in new financing may push out a reckoning. But falling sales, looming payments to vendors and creditors continue to dog the luxury retailer’s post-merger vision. from The Business of Fashion https://ift.tt/xO23azj

At Raisefashion, Supporting Underrepresented Designers at the Forefront of Sustainable Fashion

With sustainability falling down the priority list for fashion executives in 2025, emerging designers are looking to meet demands for conscious consumerism — but face substantial challenges in an oversaturated market facing macroeconomic limitations. BoF sits down with Felita Harris, co-founder of non-profit RaiseFashion that provides financial, educational and community support for underrepresented designers focused on sustainability goals, to learn more. from The Business of Fashion https://ift.tt/4uF89rg

Saks Creditors Form Majority Group Ahead of Potential Debt Talks

The bondholders have organised and hired advisors Lazard Inc. and Paul Weiss Rifkind Wharton & Garrison while they prepare for potential financing talks with Saks Global. from The Business of Fashion https://ift.tt/vH8GFDX

Indian Cosmetics Brand Colorbar Eyes IPO in Early 2027

The cosmetics company expects to double revenue to over $117 million in the fiscal year starting April 1. from The Business of Fashion https://ift.tt/L6Uv4NX

System Launches New Bi-Annual ‘System Collections’

The title could provide a handy source of new revenue for the Anglo-French magazine. from The Business of Fashion https://ift.tt/qFRX1fO

This Week: Liberation Day’s Long Tail

As more retailers report earnings, the industry is hoping more countries follow China in reaching agreements to lower tariffs. from The Business of Fashion https://ift.tt/vWmP1xV

The BoF Podcast | Redefining “Made in Africa”

Maryse Mbonyumutwa of Pink Mango, Laduma Ngxokolo of MaXhosa Africa, and Reni Folawiyo of Alara join writer Rozan Ahmed at BoF CROSSROADS 2025 to discuss how African brands are overcoming operational challenges to bring global creativity and sustainability to fashion. from The Business of Fashion https://ift.tt/Jj8qBFU

Novo Nordisk Ousts CEO After Falling Behind in Weight Loss Market

Jorgensen told Reuters in an interview that he did not see the decision coming, and was only informed very recently. from The Business of Fashion https://ift.tt/9j4dEiY

‘Big Short’ Investor Michael Burry Doubles Stake in Cosmetics Maker Estée Lauder

The US investor’s Scion Asset Management now owns 200,000 shares in the beauty conglomerate valued at $13.2 million. from The Business of Fashion https://ift.tt/iubkdmG

5 Fashion Brands That Dominated the Met Gala Social Conversation

Analysis from BoF INSIGHTS PULSE shows which brands and celebrities drove the conversation around the Met Gala on social media — and why. from The Business of Fashion https://ift.tt/T6EDFAG

CVS Bids for Rite Aid Stores in Pacific Northwest

The largest US retail pharmacy chain is trying to buy Rite Aid stores in Washington, Oregon and Idaho, in addition to patient prescription information, CEO Matthew Schroeder told employees. from The Business of Fashion https://ift.tt/aS5W7n6

Valentino Unit Put Under Court Administration Over Labour Exploitation

A Milan court found that Valentino Bags Lab subcontracted production to Chinese-owned firms in Italy that exploited workers. from The Business of Fashion https://ift.tt/JSdT6Fa

The Tariff-Proof International Expansion Playbook

As the impact of tariffs on the industry sets in, a few American brands are turning their attention to overseas markets, and building resilient supply chains that can withstand indefinite uncertainty. from The Business of Fashion https://ift.tt/8fpjVSW

Dick’s Sporting Goods is Nearing $2.3 Billion Deal for Foot Locker

Under the current deal, which could be announced as soon as Thursday, Dick’s will pay $24 per share for Foot Locker. from The Business of Fashion https://ift.tt/4ZdsK27

Luxury Sector Faces More Gloom as Bain Cuts Sales Forecast

Consultancy Bain & Co forecast global sales of luxury goods to fall between 2 and 5 percent this year, sharply downgraded from previous estimates. from The Business of Fashion https://ift.tt/hlFyBWU

Saks Bond Suffers $1 Billion Loss Before a Single Payment Is Made

Saks Global is now seeking even more money to shore up finances while bondholders, who face almost $1 billion in losses, have begun to question if they’ll receive a single interest payment. from The Business of Fashion https://ift.tt/sdOeXGf

American Eagle Withdraws Annual Targets, Writes Down Spring, Summer Inventory

Following the forecast withdrawal, shares of the apparel maker slumped 10 percent in extended trade. from The Business of Fashion https://ift.tt/zdSTEhg

Kohl’s Is Looking to Refinance Just as It Searches for a New CEO

The department store company plans to sell $360 million of junk bonds to raise cash to refinance debt coming due this year. from The Business of Fashion https://ift.tt/TM6Ngot

With the Trade War on Pause, Here’s What’s Next for Fashion

Fashion let out a sigh of relief as the US and China announced a de-escalation of their punishing trade battle, but the industry can’t breathe easy just yet. from The Business of Fashion https://ift.tt/vwB0TU5

Andie Acquires Richer Poorer

The two digitally-native brands will sell their products across both sites as the combined company aims to reach $100 million in annual sales in the next three to five years. from The Business of Fashion https://ift.tt/NUP7RAv

Saks Hires Kirkland & Ellis, PJT to Explore Financing Options

The advisers will help Saks Global assess its options for boosting liquidity as economic pressures impact the US retail sector. from The Business of Fashion https://ift.tt/ML1xpmt

E-Commerce Packages Left Out of US-China Tariff Reprieve

The US-China trade agreement does not cover “de minimis” exemptions for low-value e-commerce packages from China to the US. from The Business of Fashion https://ift.tt/AHhm4TO

Denim Enters Its ‘No Rules’ Era

Denim shapes — from the Millennial skinny resurgence to Gen-Z’s ultra-baggy obsession — have been polarising. Now, a number of trends coexist and rise and fall quicker, meaning navigating what’s in and what’s out has gotten trickier. from The Business of Fashion https://ift.tt/mJFsA6l

How to Responsibly Integrate Generative AI into the E-Commerce Value Chain

BoF’s latest white paper, ‘The Future of E-Commerce, Powered by Generative AI’ — in partnership with Zalando — explores building the right foundations in a workplace for introducing the next-generation technology. It also examines the legal and ethical frameworks businesses must consider when working with the technology. from The Business of Fashion https://ift.tt/oKQ13VB

Report: Boohoo in Talks on £175 Million Debt Package

Amid tensions with Mike Ashley’s Frasers Group, Debenhams is in talks about a debt package as much as £175 million, The Telegraph reported. from The Business of Fashion https://ift.tt/lFrJoxk

This Week: Is Burberry’s Turnaround a Go?

The British luxury brand hopes to top low expectations for a second quarter. from The Business of Fashion https://ift.tt/Yrhs6Tz

Tariff Windfall Tests Limits of India’s Apparel Factories

As US retailers shift orders from China and Bangladesh to capitalise on lower tariffs, apparel factories in India’s textile hub of Tiruppur are scrambling to meet demand and are held back by a deepening skilled labour shortage, cost pressures, and fragmented manufacturing capacity. from The Business of Fashion https://ift.tt/YT4C63J

How Far Can Body Care Go?

Brands like Buttface and Megababe claim to innovate the skincare category by bringing “facial-grade” ingredients below the belt. from The Business of Fashion https://ift.tt/qiLxjmQ

Resale Welcomes a Wave of ‘Tariff-ied’ New Customers

While resale businesses are booming with a surge of new customers seeking value by shopping used amidst tariff-induced economic uncertainty, it creates more urgency for resale to innovate. from The Business of Fashion https://ift.tt/1N4Unhu

Calvin Klein Names New President

PVH global head of operations David Savman will succeed Eva Serrano as the new head of Calvin Klein. from The Business of Fashion https://ift.tt/M1PhVbo

Olaplex Sales Continue to Slide

The prestige hair care company posted net income of $0.5 million, a steep drop from $7.7 million in the same quarter of 2024. from The Business of Fashion https://ift.tt/9nzrLIp

Puma’s Earnings Meet Estimates in Boost for CEO-less Brand

The sportswear company maintained its 2025 outlook as sales came in at $86 million, down from last year but slightly ahead of analyst expectations. from The Business of Fashion https://ift.tt/oZQIMcA

Next Shares Hit Record as UK Customers Splurge Ahead of Summer

The British fast-fashion company’s shares rose to a record high after it raised its outlook for the second time this year, to $1.4 billion. from The Business of Fashion https://ift.tt/WvfD5ZK

How Spain’s Indie Fashion Scene Nailed Global Growth

Brands including La Veste, Gimaguas and Flabelus have become the hot alternative to Europe's usual French and Scandinavian labels. Customers in cities like New York can't get enough. from The Business of Fashion https://ift.tt/xETkj4K

MAC’s Plan to Win: Lip Oil and Nepo Babies

The Estée Lauder-owned cosmetics label’s latest campaign casts Amelia Gray, Francesca Scorsese and Zaya Wade to promote “Lipglass Air,” a follow-up to MAC’s best-selling Lipglass. from The Business of Fashion https://ift.tt/q6Mvr5B

How Maesa Creates and Scales Beauty Brands in a Saturated Market

As a global incubator and operator for beauty and personal care brands, Maesa is growing its presence across new and existing categories — putting unmet customer needs at the centre of its own brands’ strategy. BoF hears from chief executive officer Piyush Jain and chief financial officer Zaheer Ferguson on its goals to disrupt the beauty and wellness space. from The Business of Fashion https://ift.tt/qingcy5

The Secret to Influencer Longevity

In an industry that’s constantly churning out a hot new follow, it’s a rare creator who can build a lasting career. Several who did tell BoF that consistency and authenticity was key – even as they hopped platforms and radically changed their content. from The Business of Fashion https://ift.tt/goaAXBQ

Lab-Grown Leather Startup Faircraft Acquires Kering-Backed VitroLabs

VitroLabs’ primary assets are 30 patents that Faircraft said would strengthen its capacity to commercialise a technology that has been tricky to bring to market. from The Business of Fashion https://ift.tt/k3CwIGs

Coty Cuts Annual Profit Forecast

The company’s shares fell about 2 percent in extended trading. from The Business of Fashion https://ift.tt/Ij4Qd9U

Thirteen Lune’s Partnership with JCPenney Ends

JCPenney said that brands under the partner shop-in-shop will still be available through its own beauty section. from The Business of Fashion https://ift.tt/OBjLCW8

Skechers’ $9.4 Billion Blockbuster Buyout, Explained

The comfort sneaker brand’s $63-per-share acquisition by the Brazilian private equity firm 3G shocked both the fashion and financial worlds. from The Business of Fashion https://ift.tt/X9fH3zB

Nike President O’Neill Out in Latest Shake-Up Under New CEO

Elliott Hill has been working to reorient Nike, which is coming off a turbulent year of layoffs and sales woes, in his early months as CEO. from The Business of Fashion https://ift.tt/4fQ3GRP

Rite Aid Set to File Second Bankruptcy, Announces Job Cuts

The company was unable to secure additional capital from lenders in order to continue operating the business and now intends to file Chapter 11. from The Business of Fashion https://ift.tt/mJlP7Y8

Enhancing the E-Commerce Customer Journey with Generative AI

In 2025, e-commerce retailers are vying for divided consumer attention. BoF’s latest white paper, ‘The Future of E-Commerce, Powered by Generative AI’ — in partnership with Zalando — explores how the next generation technology is pushing the frontiers of product delivery and content displays, and enhancing digital shopping experiences along the way. from The Business of Fashion https://ift.tt/VsNbcOh

Shein’s London IPO Stalled Amid US Tariff Fallout

Progress on the fast-fashion retailer’s initial public offering for a listing in London has halted, Bloomberg reported. from The Business of Fashion https://ift.tt/OqkLpEd

Footwear Brands Including Nike and Adidas Ask Trump for Tariff Exemption

The Footwear Distributors & Retailers of America trade group urged Trump to exempt shoes from reciprocal tariffs in a letter signed by shoemakers. from The Business of Fashion https://ift.tt/yaUK1PO

Unilever to Invest $1.5 Billion in Mexico, Including New Factory

The consumer goods company will devote $407 million to a new factory in Nuevo Leon which will specialise in beauty products and personal care. from The Business of Fashion https://ift.tt/A26XHn5

This Week: The Met Gala, the Federal Reserve and a New Tariff Pain Indicator

A gloomy economy probably won’t spoil the Costume Institute’s big party. from The Business of Fashion https://ift.tt/KHmFGeb

What Makes a True Community Brand?

Few words are more overused in fashion, but the ones who do it right foster genuine customer loyalty and extraordinarily high levels of engagement, writes Imran Amed. from The Business of Fashion https://ift.tt/t10w8Gg

Amazon Forecasts Quarterly Revenue Largely Above Estimates

Amazon.com forecast second-quarter revenue above Wall Street estimates, with an expectation of net sales between $159 billion and $164 billion. from The Business of Fashion https://ift.tt/9xdQbqy

Unilever to Shutter Ren Skincare Business

The consumer goods company cited internal challenges that were exacerbated by market conditions. from The Business of Fashion https://ift.tt/iKws0MG

Freck Beauty Founder Sells Brand, Steps Down

Under new ownership by a undisclosed group of investors, the label known for its celebrity-loved freckle pen is being operated by Nameless CPG. from The Business of Fashion https://ift.tt/rRTNIDx