Armani Open to More Than One Investor for Sale of 15% stake, CEO Says
The comments by chief executive Giuseppe Marsocci come as the brand reportedly considers the possibility of LVMH, L’Oreal and EssilorLuxottica sharing the stake.
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News & Analysis
Katie Grand Joins W Magazine
Editor-in-chief Stefano Tonchi tells BoF about a new chapter at W as Grand signs on as contributing fashion creative director, following the departure of Edward Enninful to British Vogue.
News & Analysis
Philip Green Poaches New Topshop CEO From Burberry
British retail tycoon Philip Green has recruited Burberry's chief merchandising officer, Paul Price, to be the boss of his Topshop/Topman fashion chains.
Sustainability
Social Goods | Alternative Modelling Agencies, Could Slow Fashion Improve Our Health?
This week, alternative modelling agencies are diversifying the fashion industry, while the benefits of sustainable fashion could extend to our health.
News & Analysis
J.W. Anderson: ‘Create Cultural Value’
Jonathan Anderson talks democracy and cultural value as he unveils his British heritage-inflected collaboration with Japanese apparel giant Uniqlo.
Retail
Theory 2.0, Andrew Rosen’s Millennial Experiment
The founder and chief executive of Theory has convened a SWAT team of rising stars to secure the future of the label. BoF unpacks the strategy.
News & Analysis
News Bites | Anna Wintour Steps Down From CFDA/Vogue Fashion Fund Judging Panel
In today's news bites, the annual competition's 2017 finalists and selection committee are announced.
Media
Models, the New Power Publishers
Social media has turned fashion models into powerful digital publishers, some of whom have far larger audiences than brands or traditional magazines.
News & Analysis
News Bites | Hypebeast Launches Hypekids
In today's News Bites, Hypebeast adds a new content vertical for the parents in its audience.
Luxury
Can Anyone Save Lanvin Now?
With revenues sharply down and the departure of its latest artistic director after only 16 months, the world’s oldest continuously running fashion house is facing a downward spiral.
News & Analysis
News Bites | Loewe Releases Ibiza-Inspired Record, Erdem x H&M
In today's News Bites, Loewe pays musical tribute to the White Island, while Erdem Moralioglu announces a collaboration with H&M.
News & Analysis
Burberry Dodges Shareholder Defeat in Vote on Executive Pay
Burberry fended off a shareholder revolt over executive pay at Marco Gobbetti’s first annual meeting as CEO, overcoming objections from some investors and advisory groups.
Retail
What Colette’s Closure Means for Fashion
After 20 years in business, the beloved temple of Parisian cool announced it will close its doors in December. BoF spoke to a handful of industry insiders to gauge their reactions.
The News in Brief
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.
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.’