Mike Ashley’s Frasers Says It’s Taken Control of Hugo Boss
The British retail group has pushed its stake in the German apparel brand above 50 percent in a move that will turn Hugo Boss into a subsidiary of Frasers.
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Marketing
BBDO Acquires Wednesday Agency Group
The advertising agency has bought a majority stake in Wednesday Agency Group, with the aim to expand Wednesday’s service offering and drive global expansion.
China
The China Edit | Global Stocks Slide, Hong Kong Retail Slows, Chen Man's Photography
The China Edit is a weekly curation of the most important fashion business news and analysis from and about the world’s largest luxury market.
Luxury
LVMH to Combine Private Equity Unit L Capital With Catterton
LVMH Moet Hennessy Louis Vuitton SE is combining its private equity and real estate investment units with consumer-focused private equity firm Catterton.
Financial Markets
With New CEO, Mary Katrantzou Seeks ‘True Global Scale’
With a business that has grown beyond her signature digital prints and now generates more than $15 million per year, Mary Katrantzou is ready to scale up and exclusively reveals to BoF her future plans and first CEO.
News & Analysis
The Best of BoF 2015 | BoF Exclusive
To round off the year, we revisit the articles that sparked the most debate, yielded the biggest insights, and got the fashion industry talking in 2015. Today, we highlight some of the top stories from our BoF Exclusive channel.
News & Analysis
Anya Hindmarch #My2015
Click to watch Anya Hindmarch, look back at her year in fashion.
Workplace & Talent
Power Moves | Yoox Net-A-Porter Independent Directors, Karen Millen Names CEO, J Brand President Exits
BoF compiles the most important professional moves of the week.
Fashion Week
The Alluring Sci-Fi Quality of J.W. Anderson
Always the agitator, Jonathan Anderson continues to provoke and intrigue for Pre-Fall.
Fashion Week
There Is More Work To Do for Public School
Maxwell Osborne and Dao-Yi Chow know how to get people talking, but can they get them to buy?
The News in Brief
Shein Agrees to Pay $100 Million to Settle US FTC Probe
The settlement, equivalent to 44 percent of the ultra fast-fashion company’s second-quarter profit, is the latest blow amid regulatory and tax crackdowns in Europe and the US that have hampered Shein’s growth.
Kering Drops 12% as Luxury Braces for Tough Winter
The recovery long promised by luxury brands seems nowhere in sight, as the expansion of war in the Middle East, along with China’s tax crackdown on the wealthy, piled further pressure on the world’s biggest luxury conglomerates in the third quarter, and executives buckled in for a tough winter.
UK Retail Sales Fall 0.4% in September, More Than Forecast
Sales fell in September as above-average temperatures hit demand for autumn clothing.
Elle Launches Moroccan Edition
Hitting newsstands in October, the magazine marks Elle’s 51st international edition, published under licence by the Geomedia group.
David’s Bridal Plans Spinoff and IPO of AI Wedding Planning Platform Pearl
Pearl, a subsidiary of David’s Bridal, will own David’s Bridal and license its intellectual property back to the bridalwear brand. David’s Bridal CEO Kelly Cook will serve as Pearl’s CEO.
L’Oréal Sales Beat Expectations as Premium Products Surge
The French giant handily beat expectations on strong demand for hair products at salons and premium skincare from its dermatological division.
P&G Beats Revenue Estimates, Flags Bigger Hit to Annual Profit
The maker of Pantene shampoo was helped by strong personal care demand, but expects higher commodity costs to reduce profit by about $1.4 billion this year.