Shein Outsells British Rival Asos as UK Revenue Hits $3.41 Billion
The ultra-fast fashion company said sales had been bolstered by marketing partnerships with music festivals, a pop-up shop on London’s Oxford Street and local Christmas gift events.
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News & Analysis
Inside Glossier’s Unmarketing
"The skincare and makeup brand is expected to grow 600 percent in 2016, rising so fast that the company has re-forecasted its revenue goals twice
News & Analysis
Richemont to Cut More Than 200 Swiss Jobs Amid Watch Woes
Richemont plans to cut more than 200 watchmaking jobs in Switzerland, according to the Unia trade union, as the jeweller scales back further in response to weakening demand.
Global Markets
Is India the Solution to Fashion’s Woes?
India remains one of the most conspicuous growth opportunities for a global luxury market stuck in a rut.
News & Analysis
The Top 10 Fashion Films of the Season
This season, our top films featured high concept narratives by big name directors and savvy synergistic collaborations between brands and musicians.
Luxury
BoF Exclusive | Farfetch Appoints Chief Strategy Officer, En Route to Eventual IPO
The fashion e-commerce platform has hired Stephanie Phair to keep the company focused on future innovation as it prepares to pass $800 million in gross sales this year.
News & Analysis
J. Crew to Discontinue Bridal Business in Chain’s Latest Misfire
The retailer plans to “focus on what women like to wear to someone else’s wedding, versus what they would wear to their own.”
Workplace & Talent
Power Moves | Lorraine Candy Joins The Sunday Times, Condé Nast Chairman to Retire
This week, Lorraine Candy joined The Sunday Times as luxury content director and editor in chief of Style, and Condé Nast announced the retirement of chairman Chuck Townsend.
Luxury
Hermès Joins Luxury Brands Reporting Chinese Recovery
Revenue climbed to 1.26 billion euros ($1.4 billion), Paris-based Hermès said, beating estimates.
News & Analysis
UK Regulator Steps Up Action Against Green Over BHS
BHS collapsed in April with a pension deficit of at least £571 million. The failure cost 11,000 jobs and threatened the pensions of more than 20,000 former employees.
Media
Miroslava Duma: Don't Call Her a Czarina
Armed with a growing digital media empire, Miroslava Duma is on a mission to ensure her country earns a place at the forefront of fashion, media and technology.
News & Analysis
Huma Abedin Is Still in Fashion With Wintour, Von Furstenberg
Abedin and Wintour paired up last month in Paris for a Clinton event timed around Paris Fashion Week.
Technology
Karlie Kloss and David Lauren Talk Innovation
Karlie Kloss and David Lauren sat down with BoF’s Imran Amed at the Fast Company Innovation Festival to discuss how innovation can work for both a global brand and passion-driven start-ups.
The News in Brief
Nike, Patagonia and Lululemon Join Group Battling Microfibre Pollution
Global environmental non-profit The Nature Conservancy has launched a new industry coalition to help apparel companies tackle microfibre pollution across their supply chains.
Meta Bans Ads From TikTok on Its Apps
The policy bars ads from ByteDance, which remains in charge of key parts of TikTok, and extends to third-party advertisers running campaigns that link to TikTok.
Gap to Use Athleta Leader’s Exit to Rebuild Slumping Brand
The departure of Athleta’s CEO for Lululemon is a chance to ‘reimagine the brand’s path forward,’ Gap Inc. CEO Richard Dickson wrote in an internal memo viewed by Bloomberg.
Harvey Nichols’ Birmingham Store Will Close in January
The department store’s Leeds and Bristol outlets will be converted to the Flannels brand in a shake-up under Mike Ashley’s Frasers Group, which purchased the chain when it was put into administration in mid-August.
Zankov Appoints Its First CEO
Jack Tobin is joining Diane von Furstenberg artistic director Henry Zankov’s namesake label as CEO and part owner.
LVMH, Kering Update Model Safety Guidelines
Nearly a decade since the luxury groups first published a charter of model protections, they are introducing new measures to protect those working in the industry.
Lululemon Hires Athleta Head in Management Shakeup
Maggie Gauger is joining Lululemon as chief product officer as new CEO Heidi O’Neill looks to revive sales.