Shein Outsells British Rival Asos as UK Revenue Hits $3.41 Billion
The ultra-fast fashion company said sales had been bolstered by marketing partnerships with music festivals, a pop-up shop on London’s Oxford Street and local Christmas gift events.
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Financial Markets
Gucci Turnaround Buoys Kering
French luxury-goods maker Kering reported first-half earnings that beat analysts’ estimates on rising demand for Gucci and Yves Saint Laurent, helping it shrug off lower tourism in Europe.
Workplace & Talent
Power Moves | Roberto Cavalli Names CEO, Aquascutum MD, Carven Men's Designer Exits
BoF compiles the most important professional moves of the week.
Luxury
Theory Gets Serious About Handbags
Theory chief executive Andrew Rosen and creative director of accessories Rory O'Hanlon discuss their approach to the brand’s first full-fledged handbag and accessories collection.
Sustainability
Social Goods | Philip Green's Greed, Ethical Manicures, Trump's Cheap Labour
Social Goods is a weekly roundup of the most important news at the intersection of fashion and ethics, sustainability and corporate social responsibility.
Fashion Week
Armani Chooses Paris Over Milan for Emporio Line September Show
Giorgio Armani said his younger and more accessible Emporio Armani line would go on show in Paris in September instead of Milan, but that this was a one-off.
News & Analysis
Fashion's Gaultier to Design Capsule Collection For OVS
Italian retailer OVS has announced that designer Jean Paul Gaultier will do a capsule collection that will be in stores in November.
News & Analysis
BoF Exclusive | The Second Coming of Thakoon
Designer Thakoon Panichgul, president Lucy Yi and investor Vivian Chou lay out the ‘designer fashion now’ strategy for the next iteration of Thakoon.
News & Analysis
Pierre-Yves Roussel on Why LVMH Sold Donna Karan
LVMH's surprise decision to sell Donna Karan International was driven by an unsolicited offer at a high price and a poor fit with the group's luxury business model, says Pierre-Yves Roussel.
Financial Markets
Nike CEO’s Pay Almost Triples to $47.6 Million With Stock Award
Nike awarded chief executive officer Mark Parker $47.6 million in compensation for fiscal 2016, almost triple the level of the previous year, after stock grants buoyed his pay.
Retail
Philip Green's Greed Responsible for BHS Collapse
Green's greed and disregard for corporate governance led to the demise of BHS and the loss of 11,000 jobs, a joint parliamentary committee said.
Beauty
What's Driving the Goldrush for Korean Beauty Brands?
South Korea’s booming beauty industry has received its second major investment in a week.
Luxury
Chasing China's High-End Lingerie Market
High-end lingerie sales are outpacing China's generally downbeat luxury market, and heating up competition between international brands and local rivals looking to go upmarket.
The News in Brief
Nike, Patagonia and Lululemon Join Group Battling Microfibre Pollution
Global environmental non-profit The Nature Conservancy has launched a new industry coalition to help apparel companies tackle microfibre pollution across their supply chains.
Meta Bans Ads From TikTok on Its Apps
The policy bars ads from ByteDance, which remains in charge of key parts of TikTok, and extends to third-party advertisers running campaigns that link to TikTok.
Gap to Use Athleta Leader’s Exit to Rebuild Slumping Brand
The departure of Athleta’s CEO for Lululemon is a chance to ‘reimagine the brand’s path forward,’ Gap Inc. CEO Richard Dickson wrote in an internal memo viewed by Bloomberg.
Harvey Nichols’ Birmingham Store Will Close in January
The department store’s Leeds and Bristol outlets will be converted to the Flannels brand in a shake-up under Mike Ashley’s Frasers Group, which purchased the chain when it was put into administration in mid-August.
Zankov Appoints Its First CEO
Jack Tobin is joining Diane von Furstenberg artistic director Henry Zankov’s namesake label as CEO and part owner.
LVMH, Kering Update Model Safety Guidelines
Nearly a decade since the luxury groups first published a charter of model protections, they are introducing new measures to protect those working in the industry.
Lululemon Hires Athleta Head in Management Shakeup
Maggie Gauger is joining Lululemon as chief product officer as new CEO Heidi O’Neill looks to revive sales.