Arnault Drops Out of World’s Top 10 Richest as US Tech Dominates
The LVMH chairman’s net worth fell to $143 billion on Thursday, pulling him beneath Warren Buffett, Bloomberg reported.
The Week Ahead
Your scannable cheat sheet to the coming week in fashion and beauty.
Fashion Week
What to Look Out for at New York Fashion Week
Coach, Ralph Lauren, Henry Zankov’s Diane von Furstenberg debut, Veronica Leoni’s fourth show for Calvin Klein, Kai Cenat’s Vivet launch and Zane Li’s Lii are set to be closely watched.
What to Look Out for at New York Fashion Week
Coach, Ralph Lauren, Henry Zankov’s Diane von Furstenberg debut, Veronica Leoni’s fourth show for Calvin Klein, Kai Cenat’s Vivet launch and Zane Li’s Lii are set to be closely watched.
Retail
Shein Comes to Market… Finally
The retailer begins trading in Hong Kong at a valuation of about $26 billion, a quarter of the nearly $100 billion it commanded at its 2022 peak. What happened to fast fashion’s former darling?
Shein Comes to Market… Finally
The retailer begins trading in Hong Kong at a valuation of about $26 billion, a quarter of the nearly $100 billion it commanded at its 2022 peak. What happened to fast fashion’s former darling?
Retail
Mall Brands Take the Stage as Abercrombie and Gap Report Earnings
Financial updates from the two retailers will show how well recent momentum is holding up as the mid-market apparel sector heads into the back-to-school season.
Mall Brands Take the Stage as Abercrombie and Gap Report Earnings
Financial updates from the two retailers will show how well recent momentum is holding up as the mid-market apparel sector heads into the back-to-school season.
Beauty
A Preview of Estée Lauder’s Summer Report Card
This week, the American company will report its earnings after a quarter that saw an abandoned merger, scrapped brand divestments and executive reshuffling. How will the market react?
A Preview of Estée Lauder’s Summer Report Card
This week, the American company will report its earnings after a quarter that saw an abandoned merger, scrapped brand divestments and executive reshuffling. How will the market react?
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Luxury
How Brands Can Still Win Over Back-to-School Shoppers
Consumers are feeling the pressure of inflation, high gas prices and economic uncertainty this back-to-school season. But they’re still spending on fashion — when brands can prove they’re worth the money.
How Brands Can Still Win Over Back-to-School Shoppers
Consumers are feeling the pressure of inflation, high gas prices and economic uncertainty this back-to-school season. But they’re still spending on fashion — when brands can prove they’re worth the money.
Fashion Week
Why Copenhagen Fashion Week Still Stands Apart
The sustainability-focused showcase returns next week with regional staples Marimekko and By Malene Birger coming back, the debut of Collina Strada, and a continued focus on community that's made it one of fashion's most influential regional fashion weeks.
Why Copenhagen Fashion Week Still Stands Apart
The sustainability-focused showcase returns next week with regional staples Marimekko and By Malene Birger coming back, the debut of Collina Strada, and a continued focus on community that's made it one of fashion's most influential regional fashion weeks.
Luxury
Get Ready For Luxury’s Results Superweek
This week, Europe’s leading luxury groups LVMH, Kering, Hermès and Prada will show who’s pulling ahead in the stubbornly choppy environment.
Get Ready For Luxury’s Results Superweek
This week, Europe’s leading luxury groups LVMH, Kering, Hermès and Prada will show who’s pulling ahead in the stubbornly choppy environment.
Luxury
Moncler and Zegna Results: Beyond the Jacket and the Suit
Moncler’s most muted quarter and Zegna’s US expansion will provide clues to whether the two Italian luxury groups can sustain their transformations.
Moncler and Zegna Results: Beyond the Jacket and the Suit
Moncler’s most muted quarter and Zegna’s US expansion will provide clues to whether the two Italian luxury groups can sustain their transformations.
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Luxury
Richemont Opens Luxury’s Next Big Results Season
The Swiss group on Wednesday will set the tone for upcoming financial reports on the first half of the year, showing how strong its lead on the sector is holding up and offering clues about the state of the market before rivals release their numbers later this month.
Richemont Opens Luxury’s Next Big Results Season
The Swiss group on Wednesday will set the tone for upcoming financial reports on the first half of the year, showing how strong its lead on the sector is holding up and offering clues about the state of the market before rivals release their numbers later this month.
Fashion Weeks
Haute Couture and High Jewellery Take the Paris Stage
Couture debuts from Pierpaolo Piccioli for Balenciaga and Duran Lantink at Jean Paul Gaultier along with sophomore outings by Jonathan Anderson at Dior and Matthieu Blazy at Chanel will show how Europe’s top fashion houses are angling to refresh their image and entice top clients. Also, high jewellery houses pull out their best and biggest designs.
Haute Couture and High Jewellery Take the Paris Stage
Couture debuts from Pierpaolo Piccioli for Balenciaga and Duran Lantink at Jean Paul Gaultier along with sophomore outings by Jonathan Anderson at Dior and Matthieu Blazy at Chanel will show how Europe’s top fashion houses are angling to refresh their image and entice top clients. Also, high jewellery houses pull out their best and biggest designs.
Sports
Nike Under Pressure Ahead of Earnings
The sporting goods giant faces a ‘show me’ moment as investors seek signs of stabilisation with sales down in seven of the past eight quarters.
Nike Under Pressure Ahead of Earnings
The sporting goods giant faces a ‘show me’ moment as investors seek signs of stabilisation with sales down in seven of the past eight quarters.
Retail
Can H&M Revive Top-Line Growth?
The Swedish fast-fashion giant may once again manage to lift earnings through improved efficiency and cost cuts, but its strategy to deliver sustainable sales growth will be the key focus for second quarter results.
Can H&M Revive Top-Line Growth?
The Swedish fast-fashion giant may once again manage to lift earnings through improved efficiency and cost cuts, but its strategy to deliver sustainable sales growth will be the key focus for second quarter results.
The News in Brief
Dior and A24 Announce Two-Year Collaboration
The partnership, which will kick off at the A24-owned, New York-based Cherry Lane Theatre, will comprise live events for film and theatre featuring established and emerging creative talent.
Princess Diana’s ‘Revenge Dress’ Comes to Auction at Sotheby’s
The black silk evening dress by Greek designer Christina Stambolian could fetch close to $300,000.
Macy’s Raises Annual Targets as Bloomingdale’s Drives Growth
The retailer's improved outlook reflects resilience among higher-income shoppers, despite broader economic uncertainty.
American Eagle Shares Slide on Margin Outlook, Weak Sales at Core Brands
Shares slumped over 11 percent in premarket trading Thursday, following a flat quarterly gross-margin forecast as persistent softness at the company's core brands outweighed a second-quarter revenue beat.
Primark to Start Home Delivery as Sales Fall Ahead of Split
The decision is a major about-face for the budget fashion chain as it tries to stem falling sales ahead of its split from Associated British Foods.
Nike Reassures Executives That Its Stock Is Still in the S&P 500
An internal memo reviewed by Bloomberg sought to clear up misunderstandings around the brand’s coming removal from the S&P 100.
Jonathan Cohen Joins J. Mendel as Resident Designer
The New York-based designer is tasked with reviving the 156-year-old luxury fashion house, which filed for Chapter 11 bankruptcy in 2018.