The Independents Acquires Production Studio Smuggler
The global collective has brought film studio Smuggler under its umbrella to bolster its entertainment capabilities.
This Week in Fashion
What's up, down and making news this week in the fashion and beauty businesses.
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.
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.
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.
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.
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?
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?
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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.
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.
Luxury
Blazy or Bust: Luxury’s Zero Sum Game
Chanel’s surging sales underscore that the luxury industry’s challenges may be less about demand than desirability.
Blazy or Bust: Luxury’s Zero Sum Game
Chanel’s surging sales underscore that the luxury industry’s challenges may be less about demand than desirability.
Luxury
Luxury’s Mid-Year Review
How are designer revamps landing? Can logo-free luxury stay on top? BoF checks in on LVMH and Kering’s Q2, the French presidential race and more.
Luxury’s Mid-Year Review
How are designer revamps landing? Can logo-free luxury stay on top? BoF checks in on LVMH and Kering’s Q2, the French presidential race and more.
Marketing
Why Is ‘Influencer’ Still a Dirty Word?
Influencer marketing represents a nearly $44 billion dollar industry that’s set to surpass traditional media, but a stigma around its personalities and economics still persists. Should it?
Why Is ‘Influencer’ Still a Dirty Word?
Influencer marketing represents a nearly $44 billion dollar industry that’s set to surpass traditional media, but a stigma around its personalities and economics still persists. Should it?
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Retail
Can Jonathan Saunders Spark a Kate Spade Revival?
Saunders, the brand’s first creative director in five years and a skilled colourist, promises to give Kate Spade the clarity it has long lacked. Now, Tapestry must apply the same long-term brand-building discipline that fueled Coach’s success.
Can Jonathan Saunders Spark a Kate Spade Revival?
Saunders, the brand’s first creative director in five years and a skilled colourist, promises to give Kate Spade the clarity it has long lacked. Now, Tapestry must apply the same long-term brand-building discipline that fueled Coach’s success.
Retail
Why Shein Is Worth Far Less Than Before
This week, Shein received approval for a long-awaited IPO targeting a valuation of around $40 billion, a steep markdown from its peak valuation of $100 billion in 2022 due to slowing growth, regulatory hurdles and a weak consumer environment.
Why Shein Is Worth Far Less Than Before
This week, Shein received approval for a long-awaited IPO targeting a valuation of around $40 billion, a steep markdown from its peak valuation of $100 billion in 2022 due to slowing growth, regulatory hurdles and a weak consumer environment.
Beauty
Gucci Beauty’s Identity Crisis
This week, Coty’s agreement to relinquish Gucci’s beauty licence one year ahead of schedule was a major win for Kering and L’Oréal, but making the most of the opportunity will require Gucci to assert a more stable brand identity separate from its revolving cast of designers.
Gucci Beauty’s Identity Crisis
This week, Coty’s agreement to relinquish Gucci’s beauty licence one year ahead of schedule was a major win for Kering and L’Oréal, but making the most of the opportunity will require Gucci to assert a more stable brand identity separate from its revolving cast of designers.
Retail
Americana Sells. Why Are Brands Afraid of Celebrating America?
The resurgence of Americana has fuelled growth for brands like Ralph Lauren, but America’s 250th anniversary is exposing how difficult it has become to separate national identity from politics.
Americana Sells. Why Are Brands Afraid of Celebrating America?
The resurgence of Americana has fuelled growth for brands like Ralph Lauren, but America’s 250th anniversary is exposing how difficult it has become to separate national identity from politics.
The News in Brief
L’Oréal Steals French Stock Market Crown From LVMH
The cosmetics group became France’s most valuable listed company on Tuesday, the first time since 2017 that a non-luxury company has claimed the top spot at the end of a trading day.
Authentic Brands Targets Creator Economy, Eyes Public Offering
The licensor could pursue an IPO as early as the first half of next year.
Vogue Mexico and Latin America Editor-in-Chief Karla Martinez de Salas to Step Down
The industry veteran is joining Latino-focused media platform Avance Global to establish a new lifestyle brand that will span fashion, design, travel, food, culture and entertainment.
Prada Revamps Milan Flagship to Cater to Top Clients and New Shoppers
The group is hoping the renovated eight-level complex can generate €100 million in annual revenue, chief executive Andrea Guerra told Reuters.
JD Sports Names New North America CEO, Chief Marketing Officer
The sneaker retailer is shaking up its North American leadership as it looks to reverse soft sales and an extended slump in the stock market.
Top Africa Clothes Retailer Pepkor Sinks on Earnings Outlook
Shares in the South African discount clothing retailer fell the most in more than three years, as an expansion into banking weighed on profit forecasts.
Kimberly-Clark Prepares Asset Sales to Win EU Nod for Kenvue Deal
The US consumer goods giant is preparing concessions to address EU antitrust concerns about its bid for Tylenol maker Kenvue that could help it win approval for the $40 billion deal, sources told Reuters.