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.
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Fashion Week
Donatella’s Tough New World
A violent motif of stalactites perfectly captured the schism between what was and what will be at Versace.
Luxury
Viva Milano! Viva Fashion! Viva Italy!
In Milan, a remarkable show of unity from Italy's fashion industry signals an important step forwards, but as Italian Prime Minister Matteo Renzi pointed out, the local industry must be open to change and innovation.
Fashion Week
WWI Romantics
Wang’s collection consisted of a clash of military regalia and opulent brocade textiles on sack dresses, overcoats, and generously tailored suits.
Workplace & Talent
Ex-Gucci CEO Patrizio Di Marco Said to Join Dolce & Gabbana Board
Former Gucci boss Patrizio di Marco is joining the board of Italian fashion rival Dolce & Gabbana, according to people familiar with the situation.
Workplace & Talent
Power Moves | Key Departures at Hugo Boss, Dunhill and Prada
BoF compiles the most important professional moves of the week.
Fashion Week
People and Politics at Prada
In a tour de force, Miuccia Prada offered her own vision of a polarised world: the powerful and the weak, the rich and the poor — reflecting the huge upheaval in the air in fashion, a mirror of the wider world.
Retail
Prada Offers 'See Now, Buy Now' Bags Straight off the Milan Catwalk
Prada joined in on the "see now, buy now" retail model by offering two new handbags at selected outlets from Friday.
News & Analysis
Karl Lagerfeld on the State of Fashion: 'It's a Mess'
Karl Lagerfeld speaks to BoF about how direct-to-consumer strategies might co-exist with a more traditional approach to staging runway shows.
Fashion Week
At Fendi, German Geniuses Collide
Karl Lagerfeld paid Albert Einstein a sort-of tribute by visualising gravitational waves throughout the Fendi collection, which was rich in texture, fabric and detail.
Workplace & Talent
Hugo Boss CEO Resigns
Hugo Boss chief executive Claus-Dietrich Lahrs is stepping down after eight years at the helm after the share price tumbled, following a profit warning on weak sales in China and the United States.
Fashion Week
Tim's Take | Burberry Autumn/Winter 2016
Tim Blanks talks to Christopher Bailey to decode the creative thinking behind his latest collection. Watch now.
Fashion Week
In Milan, Grunge Romantics
On the first day of Milan Fashion Week, appropriation jostled with grungy romanticism.
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.