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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News & Analysis
Why Would Yves Saint Laurent Erase the Hedi Slimane Era?
Designer tenures seem shorter and shorter, but Yves Saint Laurent's decision to wipe its Instagram account of Hedi Slimane's time at the house is curious on several levels.
News & Analysis
Anthony Vaccarello to Yves Saint Laurent
Anthony Vaccarello has been named creative director of Yves Saint Laurent, the fashion house and parent company Kering confirmed.
News & Analysis
Report: Vaccarello to Replace Slimane at YSL, Says Source
French luxury group Kering is expected to imminently announce that Belgian designer Anthony Vaccarello will be the new creative director of fashion brand Yves Saint Laurent.
Fashion Week
Alaïa's New Shapes
A flared play on proportions marked the collection as much as its unabashed sense of diversity.
China
Success and Struggle for China's Creative Class
China’s fashion designers are making serious inroads abroad but why aren’t more of its photographers, stylists and other fashion creatives making a bigger global impact?
China
Op-Ed | Better Infrastructure Will Boost Creativity in China
China’s creative class will have greater global impact when its fashion ecosystem improves and when leaders invest more in mentoring and educational opportunities, argues Andrew Keith.
News & Analysis
Kering Confirms Hedi Slimane Exit from YSL
Hedi Slimane is exiting Yves Saint Laurent. The news was confirmed today in a brief joint statement issued by Yves Saint Laurent and Kering, the luxury group which owns the storied French brand.
News & Analysis
Beyoncé Launches Active Wear Line
Beyonce is launching an active wear line for women next month.
Workplace & Talent
You Feel Me? Why Emotional Culture Matters at Work
How employees feel at work can impact everything from sound decision-making to productivity — all the way to the bottom line.
News & Analysis
Join Us Next Week for BoF VOICES in Sydney, Australia
BoF is hosting an intimate VOICES event at the iconic Sydney Opera House in Sydney, Australia, where we will discuss the future of retail and how to break into the global marketplace.
Workplace & Talent
Power Moves | Justin O'Shea to Brioni, Richemont Co-CEO Retires, Nike Hires Dave Dombrow
LONDON, United Kingdom — BoF compiles the most important professional moves of the week.
Sustainability
Social Goods | Armani Goes Fur-Free, Runway Diversity Report, Why Ethical Shoppers Bug Us
Social Goods is a weekly roundup of the most important news at the intersection of fashion and ethics, sustainability and corporate social responsibility.
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.