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.
apparel
Luxury
Frasers Group Steps Up Luxury Push With New Division, Larger Burberry Stake
The British retail group has brought its stakes in Burberry, Hugo Boss and Mulberry together with its luxury retail operations.
Sports
Nike Kicks the Can Down the Road Again
Nike’s comeback timeline just got even longer. The brand announced a new four-year restructure during its first-quarter earnings call that will include more layoffs.
Global Markets
Why Japanese Brands Are Winning Over the Luxury Menswear Market
A cohort of Japanese labels is defying the luxury slump with a blend of tastefully understated design, meticulous craftsmanship and accessible pricing.
Sustainability
H&M, Adidas and Inditex Back New Effort to Address ‘Waste Colonialism’
The new initiative will explore how the industry can take responsibility for the millions of used and unsold garments exported to secondhand markets around the world.
Marketing
Why Fashion Is Betting on High-End Groceries
$50 bone broth and $20 smoothies have made the likes of Erewhon and Happier Grocery status symbols and buzzy marketing channels for fashion and beauty brands aiming to engage affluent shoppers on their local turf.
Retail
Why Storytelling Is Brands’ Biggest E-Commerce Advantage
The brands earning shopper attention online are investing in content and cultural moments that entertain before they sell, finds BoF Insights and Amazon Fashion & Sports’ latest report ‘Inside Fashion & Sports E-Commerce.’
Sustainability
The Commercial Case for Cooling Bangladesh’s Garment Factories
Investments to reduce heat stress for garment factory workers can pay for themselves within four years, a new report from Cornell University's Global Labor Institute finds.
Fashion Week
Christopher Kane Opens New Era at Mulberry
The designer returned to the London Fashion Week runway with an audacious reformulation of the British heritage brand’s iconography, writes Tim Blanks.
Fashion Week
Demna’s Gucci Back Under the Microscope at Milan Fashion Week
A year after the designer’s debut, his third runway show for the Italian fashion house will offer an update on his creative revamp — and clues about how well it is working. Plus, Fendi, Bottega Veneta, Moschino and more at Milan Fashion Week.
Sports
Alexandre Arnault Joins Nike’s Board of Directors
The LVMH executive joins Nike’s board as the sportswear giant prepares to be removed from the S&P 100 index after nearly two decades.
Sustainability
Why Wool Became a Flashpoint at New York Fashion Week
An altercation between CFDA president Steven Kolb and PETA protesters has become the week’s biggest news. Behind the scandal is a wider debate about why a material many view as a sustainability hero should be so controversial.
Sustainability
More Brands Are Betting on Protecting Nature. Now Comes the Hard Part.
As extreme weather and nature loss threaten fashion’s access to key raw materials, the industry is looking for ways to shore up supply chains. Early results show it’s possible to build resilience, but also how difficult it is to scale effective action.
The News in Brief
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.
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.