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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Luxury
Chanel Snaps Up 4 Companies to Secure High-End Silk Supplies
Chanel has created a silks production unit by investing in high-end specialists, it said on Friday after completing the third deal in four months aimed at strengthening its supply chain.
Marketing
10 Campaigns of Autumn/Winter 2016
The Autumn/Winter 2016 campaign season could represent a notable turning point in the use of digital-native techniques in campaign imagery.
Technology
Rocket Internet-Backed Global Fashion Group Raises $364 Million
Rocket Internet SE, Germany’s highest-profile startup investor, contributed 68 million euros to a 330-million-euro funding round for its startup Global Fashion Group, completing a deal first announced in April.
Workplace & Talent
Power Moves | Ariel Foxman to Exit InStyle, Copping Out at Oscar de la Renta
BoF compiles the most important professional moves of the week.
Luxury
Report: LVMH to Sell Off DKNY
Citing anonymous sources, the New York Post is reporting that French luxury giant LVMH is looking to sell off its Donna Karan business.
News & Analysis
Anita Bitton on Casting Top Models For Alexander Wang and Marc Jacobs
BoF talks to Anita Bitton about the changing business of casting and how demand for content is driving demand for talent.
News & Analysis
Update: Louis Vuitton Denies Report of Nicolas Ghesquière's Impending Exit
LVMH is considering a change of creative director at Louis Vuitton, with Jonathan Anderson seen as the front-runner to replace Nicolas Ghesquière, according to Reuters. Louis Vuitton has categorically denied the rumour and clarified that Ghesquière's contract expires in November 2018.
News & Analysis
Turning Around Tiffany
Tiffany chief executive Frederic Cumenal shares his plans for remaking the 179-year-old jewellery house along with its new advertising campaign, conceived by Grace Coddington.
Retail
Fast Retailing Feels Japan's Brexit Sting With Rising Yen
Billionaire Tadashi Yanai’s Fast Retailing gave an early glimpse of the pain a rising yen is bringing to Japan’s biggest companies since the UK voted to leave the European Union last month.
News & Analysis
At Creative Helm of a Fashion Brand, Which Configuration Works Best?
From brand-makers to dual-role CEO-cum-creative directors, fashion brands are experimenting with a range of creative configurations.
Workplace & Talent
Power Moves | Burberry Executive Shake-up, Stuart Weitzman CEO, BFC Executive Board
BoF compiles the most important professional moves of the week.
News & Analysis
Hermès Takes Stake in Pierre Hardy
French luxury house Hermès Group has acquired a minority stake in footwear and accessory company Pierre Hardy, as it seeks to strengthen ties with its eponymous founder.
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.