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This Week in Fashion

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

Balenciaga’s Breakdown: What Went Wrong and What Comes Next

Late Friday, the brand issued further apologies and abandoned its plan to sue a production company amid continued outrage in response to its recent holiday campaign.

Balenciaga’s Breakdown: What Went Wrong and What Comes Next

Late Friday, the brand issued further apologies and abandoned its plan to sue a production company amid continued outrage in response to its recent holiday campaign.


Why Gucci Wanted a Change — And What’s Next

The market is still digesting Gucci’s move to part ways with Alessandro Michele. A slowdown at Kering’s flagship brand was complicating the company’s wider ambitions, but change comes with risk as well as potential reward.

Why Gucci Wanted a Change — And What’s Next

The market is still digesting Gucci’s move to part ways with Alessandro Michele. A slowdown at Kering’s flagship brand was complicating the company’s wider ambitions, but change comes with risk as well as potential reward.


Does Tom Ford Need Tom Ford?

After this week’s $2.8 billion Estée Lauder buyout, Tom Ford, the designer, is set to serve as “creative visionary” at his namesake brand through the end of 2023. What happens after that?

Does Tom Ford Need Tom Ford?

After this week’s $2.8 billion Estée Lauder buyout, Tom Ford, the designer, is set to serve as “creative visionary” at his namesake brand through the end of 2023. What happens after that?


What Social Media’s Meltdown Means for Fashion

While turbulence abounds at Meta, TikTok and Twitter, fashion brands must grapple with how to adjust their ad spend and presences on the platforms.

What Social Media’s Meltdown Means for Fashion

While turbulence abounds at Meta, TikTok and Twitter, fashion brands must grapple with how to adjust their ad spend and presences on the platforms.


Why Acquiring a Hot DTC Brand Rarely Lives Up to Its Promise

Victoria’s Secret acquired e-commerce brand Adore Me this week, in what’s likely to be the first of many deals between strategics and fast-growing start-ups. But if history is any guide, there’s no guarantee that Adore Me will help usher Victoria’s Secret into the future.

Why Acquiring a Hot DTC Brand Rarely Lives Up to Its Promise

Victoria’s Secret acquired e-commerce brand Adore Me this week, in what’s likely to be the first of many deals between strategics and fast-growing start-ups. But if history is any guide, there’s no guarantee that Adore Me will help usher Victoria’s Secret into the future.


How Are Luxury Sales (Really) Holding Up?

Strong growth over the summer has allowed high-end brands to push a bullish message despite a deteriorating macroeconomic picture. But signs of trouble may be starting to show.

How Are Luxury Sales (Really) Holding Up?

Strong growth over the summer has allowed high-end brands to push a bullish message despite a deteriorating macroeconomic picture. But signs of trouble may be starting to show.


Why Thom Browne Is a Promising Pick for CFDA Chairman

The newly named head of American fashion’s top trade organisation is proof that independent designers in the US can build brands with both creative legitimacy and commercial heft.

Why Thom Browne Is a Promising Pick for CFDA Chairman

The newly named head of American fashion’s top trade organisation is proof that independent designers in the US can build brands with both creative legitimacy and commercial heft.


The Fashion Fallout From the UK’s Wild Week, Explained

UK Chancellor Kwasi Kwarteng’s mini-budget threw the country’s financial markets into a tailspin, and fashion is feeling the effects.

The Fashion Fallout From the UK’s Wild Week, Explained

UK Chancellor Kwasi Kwarteng’s mini-budget threw the country’s financial markets into a tailspin, and fashion is feeling the effects.


What Nordstrom’s ‘Poison Pill’ Says About the State of US Department Stores

The Seattle-based retailer made headlines this week with a shareholder plan that would fend off hostile takeovers. But unwanted suitors may be the least of its problems.

What Nordstrom’s ‘Poison Pill’ Says About the State of US Department Stores

The Seattle-based retailer made headlines this week with a shareholder plan that would fend off hostile takeovers. But unwanted suitors may be the least of its problems.


Climate Change Is Making Fashion’s Supply Chain Problems Worse

From floods in Pakistan to drought in Texas, extreme weather is mixing with political upheaval, economic challenges and trade tensions to threaten cotton supply.

Climate Change Is Making Fashion’s Supply Chain Problems Worse

From floods in Pakistan to drought in Texas, extreme weather is mixing with political upheaval, economic challenges and trade tensions to threaten cotton supply.


What Europe’s Energy Crisis Means for Fashion

Skyrocketing power prices are hurting consumers, threatening brands and retailers, and adding new pressures to the industry’s already fragile supply chains. For some, the result could be worse than Covid.

What Europe’s Energy Crisis Means for Fashion

Skyrocketing power prices are hurting consumers, threatening brands and retailers, and adding new pressures to the industry’s already fragile supply chains. For some, the result could be worse than Covid.


Why Luxury Brands Can’t Ignore the Recession Threat Forever

High-end brands continue to report record sales and profits, even as mass retailers trim their outlooks for the autumn and winter. Can it last?

Why Luxury Brands Can’t Ignore the Recession Threat Forever

High-end brands continue to report record sales and profits, even as mass retailers trim their outlooks for the autumn and winter. Can it last?