Carlos Nazario Appointed Editor in Chief of Wonderland
The fashion editor and stylist is reuniting with longtime collaborator Alastair McKimm, chief creative officer of Wonderland parent Visual Talent Ltd.
accessories
Retail
Walmart to Acquire Online Men's Retailer Bonobos for $310 Million
The acquisition is the fourth purchase that Wal-Mart has made this year, in its bid to become a dominant player in the e-commerce market.
News & Analysis
Mark Cross: The American Luxury Brand Revival That Almost Wasn’t
How chief executive Neal J. Fox took a 165-year-old leather goods brand and turned it into a 21st century street style favourite by not being afraid to pivot — or take a gamble.
Luxury
Michael Kors Faces Tougher Market After Coach-Kate Spade Merger
The combination of Michael Kors' two biggest rivals is unwelcome news to the company, which is staging its own turnaround plan in an attempt to shed its image as a lower-priced brand.
News & Analysis
Can Adidas Repeat its Stan Smith Success Story?
As sales of the Stan Smith and the Superstar start to wane, Adidas plans to pump up other throwbacks from the back of its closet.
Luxury
Breitling Agrees to Sell to CVC in $870 Million Deal
Breitling is one of the last remaining large independent Swiss watch brands while many others have been acquired by competitors such as Swatch Group, Richemont, LVMH and Kering.
Luxury
Hermès Boosts Production to Meet Demand in Asia
The luxury goods company said it is expanding its network of French workshops that make bags like the Kelly and Birkin, as it reported revenue in the first quarter climbed 11 percent.
News & Analysis
Cartier, Rolex and Omega Lead Swiss Rankings for Fine Watches
A Swiss industry group has published the findings of the first comprehensive effort to classify high-end Swiss brands in a business where the perception of exclusivity equals all-important bragging rights.
Luxury
Who Is Best Placed to Buy Jimmy Choo?
Valued at £700 million, Jimmy Choo is an acquisition target that could attract bids from private equity, foreign investors or luxury conglomerates.
News & Analysis
Jimmy Choo Owner JAB Puts Luxury Shoe Brands Up For Sale
JAB has expanded a push into non-luxury areas focusing on its growing food and coffee operations, while seeking to benefit from a rebound in sales of luxury footwear and accessories.
Retail
Kate Spade's Position Weakens as It Explores Sale
The New York-based handbag maker's first quarterly sales decline in almost eight years couldn’t have come at a worse time, weakening its bargaining power in an eventual sale.
Retail
BoF Exclusive | H&M Launches New Brand: Arket
BoF can exclusively reveal that the Swedish fast-fashion giant is launching a new brand rooted in "style beyond trend."
Luxury
Watchmakers Can't Catch a Break as China Slump Moves to US
Swiss watchmakers have been caught off-guard as demand keeps sinking this year in the US, which is key for Rolex, LVMH’s TAG Heuer and Richemont’s Baume & Mercier.
The News in Brief
Aritzia Seeks to More Than Double Sales by 2032
New categories and brick-and-mortar expansion beyond North America are set to drive Aritzia’s quest to hit $10.5 billion CAD ($7.5 billion).
Pop Mart Quarterly Sales Fall Up to 50% as Labubu Fad Cools
Sales in the Americas fell 70 to 75 percent.
Zegna to Take Summer Fashion Show to Beijing
The Italian label has continued to enjoy solid growth in China, defying a wider downturn in demand for European luxury. The June 11 presentation of its summer collection will be the latest in a series of travelling shows.
Beiersdorf Sales Slightly Miss Expectations on Nivea Weakness
The German consumer goods maker marginally missed market expectations for third-quarter sales growth on Tuesday, with its key Nivea brand posting a third straight quarterly sales decline.
Audemars Piguet to Certify Its Pre-Owned Watches Following Rolex
Whereas Rolex is both a buyer and seller of its second-hand watches through official retail partners, Audemars is setting up a marketplace where sellers set prices.
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.
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.