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.
bof500-2013
Financial Markets
Hermès Full-Year Earnings Beat Estimates, Buoyed by Leather Goods, Japan
Hermès International SCA reported full-year earnings that beat analysts’ estimates, buoyed by sales of leather goods and demand in Japan.
Luxury
Armani Pledges to Go Fur-Free
Giorgio Armani has agreed to stop using fur for all its products, following years of lobbying by animal rights activists.
News & Analysis
Behind Prada’s Christophe Chemin Collaboration
How a dialogue between Miuccia Prada and Christophe Chemin turned his artwork into the in-the-know seasonal signifier of Prada’s Autumn/Winter 2016 collections.
News & Analysis
Richemont Co-CEO Fornas to Retire as Cartier Cuts Jobs
Richemont's co-chief executive officer Bernard Fornas will retire as the jewellery maker is in the midst of a job-cut plan at its top watchmaking brands, including Cartier, Vacheron Constantin and Piaget.
Technology
Nike Taps the Transformation Economy
As consumers increasingly value self-actualization over stuff, the global sportswear giant is staging transformative personal experiences in a bid to capitalise.
Luxury
How Comme des Garçons Grew Gosha Rubchinskiy
BoF spoke exclusively with Gosha Rubchinskiy and Adrian Joffe, president of Comme des Garçons, to learn how the company catalysed the rapid growth of the skater-inflected fashion label.
News & Analysis
Kering Sells Another Sports Brand, Boosts Speculation of Puma Exit
Kering continued to dismantle its sports and lifestyle unit with another disposal, boosting speculation the owner of Gucci may exit Puma, the ailing German shoemaker it bought in 2007.
News & Analysis
Condé Nast's Newhouse Family Said to Give $200M to Venture Fund
The Newhouse family, which owns Vogue publisher Condé Nast, is investing $200 million in a new fund that will target innovative media and technology companies.
Fashion Week
A Perfect Day, Undercover
The clothes followed their own peculiar path, variations on a theme of soft, fuzzy cocooning, reflecting Jun Takahashi’s own idea of a perfect day.
News & Analysis
Slimane, Gvasalia and the Power of Emotional Experiences
BoF's Imran Amed asks, in an age of fashion immediacy, can genuinely emotional fashion experiences — like those staged by Demna Gvasalia at Balenciaga and Hedi Slimane at Yves Saint Laurent — really be communicated at scale to millions of end consumers?
Fashion Week
Tim’s Take | Louis Vuitton Autumn/Winter 2016
Tim Blanks talks to Nicolas Ghesquière to decode the creative thinking behind his latest collection. Watch now.
Fashion Week
Top 10 Shows of Autumn/Winter 2016
At the end of a complex fashion month, BoF brings you the Top 10 Shows of the Season.
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.