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The Business of Fashion

Miami, United States

Luxury

Why Fashion Needs the Art World More Than Ever

Art Basel Miami Beach has become a cultural tentpole that attracts America’s wealthiest and an evolving art customer base that may prove key in reversing the luxury downturn.

Retail

Saks Faces Eviction in Miami Over $1.9 Million in Unpaid Rent

The department store owner told its landlord this month that it couldn’t make lease payments due to the effects of the Covid-19 pandemic.

Luxury

The Art Basel Crowd Discovers Miami’s New Neighborhood

Allapattah, near the Miami River, saw flashy events during the fair and is the home of two vast, new arts institutions. Both were built by real estate investors.

Beauty

Nivea Owner Buys Coppertone Sun Care for $550 Million

Beiersdorf has agreed to buy Bayer's Coppertone brand of sun-care products, bolstering its line of skin creams that already includes the Nivea brand.

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News & Analysis

Perry Ellis Ends Deal Talks With Randa

Perry Ellis said the decision was made after a major licensor refused to consent to Randa's acquisition of the company.

News & Analysis

Perry Ellis Receives Revised Buyout Offer from Randa

A special committee formed by Perry Ellis to evaluate the proposals said it would look into the offer, open talks with Randa and grant it due diligence access.

News & Analysis

Randa Remains Committed to Buying Perry Ellis Despite Rejection

The men's accessories maker offered to buy Perry Ellis for $28 per share, 50 cents higher than the offer from Perry Ellis founder George Feldenkreis, which the company agreed to in June.

News & Analysis

Perry Ellis Advises Shareholders to Vote for Lower Buyout Offer From Founder

The company was put at the centre of an unexpected bidding war on Monday after Randa Accessories made a $444 million offer,  higher than the $437 million offer from founder George Feldenkreis.

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News & Analysis

Randa Accessories Makes Offer to Buy Perry Ellis

Randa's $28-per-share offer is 50 cents higher than a competing offer from the apparel brand's founder George Feldenkreis, and could derail Feldenkreis' deal to take the company private.

News & Analysis

Perry Ellis to Be Taken Private by Founder in Deal With Fortress

Founder George Feldenkreis had said that going private would let the company take a long-term view to confront challenges facing the clothing industry.  

News & Analysis

Why American Express Is Evolving its Fashion Strategy

On the back of events with Drake, Virgil Abloh, Opening Ceremony and Made LA, American Express’s Janey Whiteside tells BoF how fashion’s rising cultural significance with consumers is informing its collaboration strategy.

Retail

Miuccia Prada’s ‘Blueprint for the Future’

Prada’s co-chief executive officer and lead creative director speaks to Tim Blanks as the Italian fashion house prepares to launch a major new store in Miami, set to serve as a template for the future.