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The Business of Fashion

This Week in Fashion

What's up, down and making news this week in the fashion and beauty businesses.
China

The Risky Business of China’s Cultural Minefield

Offhand remarks by French football superstar Kylian Mbappé sparked a backlash from Chinese ‘netizens’ this week, leaving labels from On to Dior exposed in one of fashion’s most important markets.

Luxury

Here’s What We Learned From Last Week’s Luxury Results Bonanza

Among the takeaways from the latest round of quarterly reports from European luxury groups: China’s hurting, industry growth in the US has slowed and quiet luxury is having a moment.

Luxury

Luca de Meo’s Creative Gamble at Kering

The French group is managing creative transitions across its portfolio under CEO Luca de Meo. Saint Laurent, Alexander McQueen and Brioni have parted ways with their creative directors, with change also said to be afoot at Balenciaga. How will the departures impact the group’s turnaround?

Retail

What’s Driving Mike Ashley’s Fashion Dealmaking?

Frasers Group is expanding its holdings in luxury and retail brands, but what it wants from those investments is not always clear.

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Retail

Can Shein Build a Brand?

The ultra-fast-fashion giant’s share price sank to a record low after it released its first results as a public company earlier this week. With sales growth under pressure, the company must find a way to stand out in a hyper-competitive market.

Technology

Why the Robots at Vogue World Hit a Nerve

The online backlash to the robots’ appearance at Vogue’s annual spectacle speaks to a larger feeling in fashion that AI and technology have become inescapable, despite worries they are a threat to human craft and creativity — and even humanity itself.

Sustainability

Do Fashion Week Protests Work?

This week, an altercation with animal rights activists at the Cos show in New York has put a long-shot campaign against wool in the media spotlight.

Sports

Why Nike Is No Longer a Blue Chip Stock

Nike will be removed from the S&P 100 later this month as the brand’s stock continues to plummet. This is the latest sign of lost faith in the Portland-based company from industry investors that feels almost impossible to gain back.

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Creative Class

Galliano, Anna Wintour and the Met: What Comes Next?

This week’s decision to pull the plug on a major retrospective on the star couturier amid a growing backlash over his history of antisemitic remarks raises more questions than it answers.

Marketing

Caution: Marketing Roadblocks Ahead

This week, Meta agreed to pay up to $17 billion and implement significant changes to Facebook and Instagram to resolve claims that its platforms endangered children, with big implications for the social media industry and the marketers who depend on it.

Retail

Mike Ashley’s Luxury Bet Is Getting Bigger, but Does It Add Up?

The billionaire’s Frasers Group has added Harvey Nichols and an increased stake in Hugo Boss to a growing collection of high-end brands and retailers. Can they become part of a coherent luxury empire?

Technology

What Founders Can Learn From Phia’s Mistakes

Behind Phia’s unfolding scandal lies a series of avoidable strategic and reputational blunders. Here are seven critical takeaways for founders building a fashion startup.

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