Mike Ashley’s Frasers Says It’s Taken Control of Hugo Boss
After the retail empire’s initial takeover bid failed, the company raised its holding to 50.08 percent in a move that will turn the German apparel brand into a subsidiary of Frasers.
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Financial Markets
Francesca Bellettini on Saint Laurent in the Post-Hedi Slimane Era
In her first ever in-depth interview, Yves Saint Laurent chief executive Francesca Bellettini speaks exclusively to BoF’s Imran Amed on maintaining the brand’s momentum in the post-Hedi Slimane era.
Fashion Week
Op-Ed | The Rise of the Fashion Hipster
Catering to the fashion hipster — whose purchases are driven by irony, camp and insider humour — risks making promising brands the flavour of the day, argues Eugene Rabkin.
News & Analysis
The Curious Case of Raf Simons at Calvin Klein
Could the rumoured arrival of Raf Simons at Calvin Klein present an opportunity for the brand to rethink its entire creative and business structure?
News & Analysis
BoF Exclusive | How Hedi Slimane Presaged Fashion's Instagram Obsession
BoF brings you an exclusive excerpt from a conversation with Hedi Slimane on his digital photographic Diary and decision to spend more time in New York, courtesy of Document Journal.
Workplace & Talent
Power Moves | Calvin Klein Creative Directors Exit, New West End Company CEO
BoF compiles the most important professional moves of the week.
Financial Markets
Kering Misses Estimates, YSL Still Star Performer
Kering SA reported first-quarter revenue that trailed analysts’ estimates as slowing tourism flows weighed on demand in Europe.
News & Analysis
Costa and Zucchelli Out at Calvin Klein, Raf Simons to Take Reins?
The move is part of a new global creative strategy, unifying all Calvin Klein brands under one creative vision, and paves the way for Raf Simons to take the reins, an appointment that has been widely rumoured for several months.
China
The China Edit | Overseas Spending Drops, Social Shoppers, Gucci Bets on Logos
The China Edit is a weekly curation of the most important fashion business news and analysis from and about the world’s largest luxury market.
Financial Markets
Armani Seeks to Entice Fashionistas in 'Key Market' Russia
Renowned Italian designer Giorgio Armani sought to entice Moscow fashionistas with his latest creations on a visit to Russia amid weaker demand globally for luxury goods.
Sustainability
Social Goods | Model Health Rulings, India Factory Fire, Michael Kors on Philanthropy
Social Goods is a weekly roundup of the most important news at the intersection of fashion and ethics, sustainability and corporate social responsibility.
Financial Markets
Jason Wu Talks New Contemporary Line
BoF can exclusively reveal the strategy behind Grey, Jason Wu's new 'day-oriented' advanced contemporary collection.
China
Hypebeast on Pace to Smash Asia's 2016 IPO Record
Hypebeast Ltd., the collection of fashion and entertainment blogs that started out as an online sneaker forum, is on track for the best debut of any Asian initial public offering this year.
The News in Brief
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.
P&G Beats Revenue Estimates, Flags Bigger Hit to Annual Profit
The maker of Pantene shampoo was helped by strong personal care demand, but expects higher commodity costs to reduce profit by about $1.4 billion this year.