Boots Acquired by Canada’s Weston Family for $8.9 Billion
The Westons agreed on Wednesday to buy the UK's Boots from Sycamore Partners and the Pessina family, pledging to invest in the retailer's stores and online and expand healthcare services.
bof500-2014
Fashion Week
Rick Owens is the Walrus
Innocence and experience: those are the poles around which Owens’ work has often rotated, but there was a new purity in the vision he offered today.
Workplace & Talent
Power Moves | Bottega Veneta Names CEO, Vetements' New Collection Director
This week, Bottega Veneta appointed Claus-Dietrich Lahrs as chief executive officer, and Nina Nitsche joins Vetements.
Marketing
Claus Dietrich Lars Named Bottega Veneta CEO; Carlo Beretta Promoted to Kering Role
Claus-Dietrich Lahrs, former chief executive officer of Hugo Boss, has joined Kering-owned Italian luxury brand Bottega Veneta. In his new role, Lahrs succeeds Carlo Alberto Beretta, who has been promoted to chief client and marketing officer at Kering.
Luxury
Report: Ex-Hugo Boss CEO to Lead Bottega Veneta
According to Reuters, Kering is to announce this week the appointment of former Hugo Boss chief executive Claus-Dietrich Lahrs as the new head of Bottega Veneta.
Fashion Week
Sexy/Innocent Chloé
Her move back to London has given Claire Waight Keller a whole new perspective on Paris
Luxury
The Unlikely Success of Virgil Abloh
Having gained prominence as a creative consultant to Kanye West, Off-White founder Virgil Abloh is proving his three-year-old brand has the business chops to back up the buzz.
Fashion Week
At Dries Van Noten, Time in Beautiful Suspense
“Daring a little bit more. Losing control…a little.” That’s how Dries Van Noten described his emotional input for a collection that worked startling contrasts to great effect.
News & Analysis
Mario Testino Launches 'Mira Mira'
The world famous photographer talks exclusively to BoF about his new platform for unpublished images, travel dispatches and podcast interviews.
News & Analysis
Dominic Jones Resurfaces at Astley Clarke
Luxury jeweller Astley Clarke has appointed Dominic Jones as its new creative director.
Retail
Nike Detractors Grow as Rivals Encroach on Home Turf
Nike has had a rough year. The shares are down 13 percent in 2016 as analysts and investors fret over market-share losses to Adidas AG and Under Armour Inc. in the US, its largest region.
Fashion Week
In Milan, Fashion on Repeat
Though new voices bubbled under the surface, Milan Fashion Week hammered home repetitive brand ‘codes,’ raising questions about the purpose of staging fashion shows, says Angelo Flaccavento.
Fashion Week
An Iconic Image From Missoni's Past
A fast outing, with an interesting idea of modularity and Missoni's top-notch take on knitwear. But as focused and essential as it was, it lacked a spark of joy.
The News in Brief
Vogue Arabia to Launch Annual Ball
The magazine’s inaugural ball will take place in November, the latest in a growing portfolio of live events hosted by publisher Condé Nast.
Lacoste Fired CEO Ahead of Paris Runway Show, Sources Say
The French tennis and lifestyle brand quietly fired its chief executive, Eric Vallat, shortly before the brand’s latest Paris fashion show, sources told Reuters.
Frasers Group Acquires 8.8% Stake in Under Armour
The move extends British company’s push into sports brands following a recent purchase of Puma stock.
US Luxury Spending Slows, Citi Data Shows
US credit card spending on luxury brands fell for a third consecutive month in September, according to data from Citi.
Frasers Group Steps Up Luxury Push With New Division, Larger Burberry Stake
The British retail group has brought its stakes in Burberry, Hugo Boss and Mulberry together with its luxury retail operations.
Asos Customers Receive ‘Hack’ Notification Threatening Leak
The retailer is investigating after users of its mobile app received a notification claiming hackers had ‘fully compromised’ company data.
Report: L’Oréal Explores Unloading Chemical-Related Liabilities
The French company has engaged restructuring advisers to explore options for rising US legal liabilities linked to its use of talc and other chemical ingredients in some of its cosmetic products, the Wall Street Journal reported on Monday.