Edward Buchanan Opens New Creative Hub in Milan
A new space called The Situation will host exhibitions and residencies and provide resources to Black, queer and other under-represented creatives.
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News & Analysis
Julianne Moore to Receive Inaugural Franca Sozzani Award at Venice Film Festival
The award, which will be presented on September 1, is a tribute to the late Vogue Italia editor-in-chief, who passed away in December last year.
News & Analysis
Will Marc Jacobs Step Back From His Namesake Brand?
As incoming chief executive Eric Marechalle takes control of the troubled LVMH-owned brand, it's unclear how involved Mr Marc Jacobs will be in the company's turnaround strategy.
News & Analysis
Is Matchesfashion Readying for a Sale?
The luxury fashion retailer, which reported revenue of £204 million in 2016, is seeking advisors to manage a sale, BoF has learned.
Fashion Week
Op-Ed | NYFW: Stop the Negativity
It’s time for the fashion industry to stop fixating on what’s wrong with New York Fashion Week and start embracing new ideas that can take us forward, argues Ed Filipowski.
Financial Markets
LVMH Profit Grows at Fastest Rate Since 2011 as Asia Rebounds
Profit from recurring operations rose 23 percent to €3.64 billion ($4.23 billion) in the first half, the French luxury goods conglomerate reported Wednesday.
Luxury
Armani Streamlines Brands and Store Network as Sales Drop
The Milan-based company is shrinking from seven labels to three main lines after recording its first annual sales decline since 2009.
Marketing
News Bites | Calvin Klein's New Campaign, Is Farfetch Edging Closer to IPO?
In today's News Bites, Raf Simons gets meta with his new Calvin Klein campaign, while sources say Farfetch could go public within the next six months.
Workplace & Talent
Fabien Baron's 5 Lessons For Success as an Art Director
One of the industry’s most respected and successful art directors tells BoF how his profession has changed and the skills it takes to break into it today.
News & Analysis
News Bites | Chiara Ferragni Opens Milan Boutique, Gabi Gregg and Nicolette Mason's New Brand
In today's News Bites, Chiara Ferragni's brand expands into brick-and-mortar, while fashion's most influential plus-size bloggers launch Premme.
Retail
In US, Independent Stores Stage a Comeback
The 2008 financial crisis put many local American retailers out of business, but the survivors are now stronger than ever.
Luxury
What Should Burberry Do Next?
The iconic British brand needs a refresh. Here’s what Christopher Bailey and Marco Gobbetti must do to get the business back on track.
Financial Markets
Hermès Sticks to 'Ambitious' Production Goal as Sales Rise 8.3 Percent
The company is trying to respond to a rebound in demand for high-end goods by training up leather workers and adding new sites.
The News in Brief
L’Oréal Joins Forces With Nykaa to Invest in Indian Beauty Brands
BOLD, the French conglomerate’s venture capital fund, will collaborate with retailer Nykaa to invest in the next generation of Indian beauty brands.
Private Equity Firm Inflexion Invests in Manucurist
The European investor, which previously backed Medik8, has taken a 49 percent stake in the premium French nail line.
H&M Profit Rises on Tariff Refunds as Sales Remain Sluggish
US tariff refunds drove an increase operating profit, even as the fast-fashion retailer has struggled to deliver consistent sales growth.
Arnault Clan to Change LVMH Holding Structure to Ensure Control
Under the plan, the world’s biggest luxury group will be controlled by one entity, Agache SCA, after Christian Dior SE, one of the current holding companies of LVMH, is delisted.
JD Sports Says Nike Turnaround Is Only a Matter of Time
Dominic Platt, chief financial officer of the British sportswear retailer, told Reuters, ‘Much as there's a lot of talk about Nike, it's still the most popular brand out there and it's still a very strong brand.’
Chanel Plans to Keep Investing in China Despite Demand Downturn
CEO Leena Nair pointed to the brand’s recent renovation of its Plaza 66 boutique in Shanghai, calling China ‘a market where the clients understand sophistication, refinement.’
Meta Expected to Unveil Smart Glasses Without Camera
Smart glasses have become a target of criticism in recent months amid growing concerns they can be used to record people without their consent.