Rogaine Rides GLP-1 Wave With 30% Sales Surge
The decades-old hair-loss remedy is unexpectedly booming from more people taking GLP-1 weight-loss drugs.
bof500-2014
China
Chinese Workers at Uniqlo Supplier Go on Strike Over Firings
Hundreds of factory workers at a Chinese supplier to Fast Retailing Co. are striking over the dismissal of some of the employees, forcing production to shut down, a labor rights group said.
Retail
Hudson’s Bay Real Estate IPO Moves Closer With Deal for Kaufhof
Hudson’s Bay Co.’s acquisition of a 136-year-old German retailer lifts the value of its real estate by 20 percent to C$11 billion ($8.9 billion) and brings it a step closer to unlocking that value in a new initial public offering.
News & Analysis
Kicking Off the Menswear Season
Watch the BoF Breakfast Club, a discussion of the week’s most important fashion news with fashion’s most opinionated experts. On the menu this week: the start of the menswear season and the upcoming debut of New York Fashion Week: Mens.
News & Analysis
Stuart Vevers on Coach’s Fashion Strategy
Ahead of Coach’s first ever menswear show, creative director Stuart Vevers speaks to BoF about the brand’s fashion strategy.
News & Analysis
Op-Ed | Fashion’s Hashtag Cults
Designers are using social media to amass virtual nations of followers.
Global Markets
Panama, Latin America’s Nerve Centre
As the gateway to a regional fashion market worth $150 billion and a hub connecting 600 million people, there is more to Panama than meets the eye.
Technology
Cartier Owner Sees Wealth Gap Fueling Social Unrest
Johann Rupert, the founder and chairman of Richemont, said tension between the rich and poor is set to escalate as robots and artificial intelligence fuel mass unemployment.
Technology
Richemont Invites LVMH to Join Site to Compete With Amazon
Richemont chairman Johann Rupert invited LVMH and Kering to join in an attempt to build a luxury retail website that can compete with the likes of Amazon.
News & Analysis
Gucci's Beautiful Losers Hit New York
Proposing a take on eccentricity that is part Wes Anderson, part cultured grandma, part bespectacled style maven, Alessandro Michele has turned the tables at Gucci.
News & Analysis
J. Crew Has a Sweater Problem
J. Crew is already coming off a “lousy year” in women’s clothing. Now, the company is having trouble with an important piece of its business: sweaters.
News & Analysis
How Stüssy Became a $50 Million Global Streetwear Brand Without Selling Out
Growing organically from its surf-inspired roots, the independent label, which turns 35 this year, managed to parlay its heritage into a business that generated $50 million last year, even without the man whose name is on the label.
News & Analysis
Renzo Rosso Says Rehabilitated Galliano is a "Real Pro"
Renzo Rosso, chairman and main shareholder of Maison Margiela's parent OTB group, said sales were already up 20 percent at the fashion house even though only a few of Galliano's pieces had so far reached the shelves.
The News in Brief
Ralph Lauren’s Quarterly Revenue Forecast Disappoints, Sending Shares Down
Expectations for the brand to sustain a rapid pace of growth set a high bar, leaving investors disappointed even as its raised its annual outlook.
Tapestry Lifts Outlook as Young Shoppers Snap Up Coach Bags
Shares rose in early trading after the company raised its revenue and profit forecasts, even as the broader luxury sector grapples with a slowdown.
Chanel Beauty Opens Alpine-Inspired Activation at Harrods
The luxury beauty label has taken over a corner of the department store's ground floor with a gifting suite.
Bangladesh Agrees New Garment Pay Scale From December Amid Protests
The government has yet determine the details of revised wage levels as it scrambles to manage days of protests that have disrupted the country’s garment industry.
China Wealth Crackdown Lifts Hong Kong Watch and Jewellery Sales
Rich shoppers are turning to gold and gemstones to preserve wealth, softening the blow for luxury giants like Hermès and Richemont as Beijing tightens its grip on overseas assets.
Australian Department Store David Jones Collapses After Almost 200 Years
The template of vast stores with dozens of fashion brands, beauty products and other accessories succumbed as the digital era drove shoppers to cheaper, nimbler online rivals.
Coty Tops Estimates on Prestige Brands Boost Amid Turnaround
The US cosmetics conglomerate said launches from Marc Jacobs and Burberry helped boost revenues, though its full-year guidance is below consensus.