Mike Ashley’s Frasers Says It’s Taken Control of Hugo Boss
The British retail group has pushed its stake in the German apparel brand above 50 percent in a move that will turn Hugo Boss into a subsidiary of Frasers.
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Global Markets
Worldview | Uniqlo-Owner Fast Retailing Eyes Mass Fashion Dominance
This week’s round-up of global markets fashion business news also features LVMH’s China Woes, Shanghai Fashion Week and India’s strong jewellery.
Sustainability
Why H&M’s Sustainability Report Is So Unusual
The Swedish fast-fashion retailer is one of a shrinking number of companies that’s still drawing attention to its emissions goals. Plus, a Shanghai Fashion Week preview.
Retail
The Zara-Fication of John Galliano
Fashion’s enfant terrible is trading exclusivity for the mass market. Is it the ultimate fashion coup, or the final surrender of prestige?
News & Analysis
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.
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Sustainability
‘In Business to Save the Planet’: The Patagonia Paradox
The American outerwear giant’s profits are meant to fight climate change, but its means of generating them do the opposite. CEO Ryan Gellert talks to BoF about the contradiction at the heart of Patagonia’s business, why he’s gambling on resale and the company’s efforts to curb consumption.
Workplace & Talent
AI’s Big Bias Problem
Generative AI holds vast potential when it comes to streamlining HR tasks and eliminating manual work, but there are mounting worries about its tendency to magnify racial and gender biases.
Partner Content
Introducing Broken Planet and MyGemma
Check out this week’s new partners and openings on BoF Careers, the global marketplace for fashion talent.
Workplace & Talent
Careers Counsel | How to Lead Effectively
Careers Counsel is a weekly round-up of the most helpful and inspiring advice for boosting your career.
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The News in Brief
Shein Agrees to Pay $100 Million to Settle US FTC Probe
The settlement, equivalent to 44 percent of the ultra fast-fashion company’s second-quarter profit, is the latest blow amid regulatory and tax crackdowns in Europe and the US that have hampered Shein’s growth.
Kering Drops 12% as Luxury Braces for Tough Winter
The recovery long promised by luxury brands seems nowhere in sight, as the expansion of war in the Middle East, along with China’s tax crackdown on the wealthy, piled further pressure on the world’s biggest luxury conglomerates in the third quarter, and executives buckled in for a tough winter.
UK Retail Sales Fall 0.4% in September, More Than Forecast
Sales fell in September as above-average temperatures hit demand for autumn clothing.
Elle Launches Moroccan Edition
Hitting newsstands in October, the magazine marks Elle’s 51st international edition, published under licence by the Geomedia group.
David’s Bridal Plans Spinoff and IPO of AI Wedding Planning Platform Pearl
Pearl, a subsidiary of David’s Bridal, will own David’s Bridal and license its intellectual property back to the bridalwear brand. David’s Bridal CEO Kelly Cook will serve as Pearl’s CEO.
L’Oréal Sales Beat Expectations as Premium Products Surge
The French giant handily beat expectations on strong demand for hair products at salons and premium skincare from its dermatological division.
P&G Beats Revenue Estimates, Flags Bigger Hit to Annual Profit
The maker of Pantene shampoo was helped by strong personal care demand, but expects higher commodity costs to reduce profit by about $1.4 billion this year.