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.
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Financial Markets
Burberry Sees Increased Uncertainty as Annual Profit Declines
Burberry Group Plc reported a 1 percent decline in annual earnings as the strength of sterling and decelerating sales in Hong Kong weighed on margins.
China
The China Edit | Chen Man, Great Mall of China, Alibaba
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.
China
Chen Man’s Visual Revolution
As an artist and fashion photographer, Chen Man has built up an oeuvre best known for its high-impact, unapologetic transgression of China’s cultural boundaries.
News & Analysis
Inside Raf Simons' Dior
Three years into his tenure at Christian Dior, Raf Simons has brought new energy and modernity to the venerable French couture brand. In an in-depth video interview on the day of Dior’s Cruise show in Cannes, The Business of Fashion goes inside Raf Simons’ Dior.
Global Markets
Op-Ed | Approach Africa with a New Mindset
For Africa to attract the investment it needs, the fashion world needs to let go of some myths and misconceptions about the continent, says Liya Kebede.
Retail
Browns Acquired by Farfetch as Part of Omni-Channel Growth Strategy
BoF has learned that online marketplace Farfetch has acquired London boutique Browns to develop and test new retail and omni-channel strategies.
News & Analysis
Cinderellas, Snow Whites or Sleeping Beauties?
Luxury groups need to tap their smaller labels as the growth of their megabrands slows. But are these smaller brands blossoming, shifting gear or still waiting for Prince Charming?
Retail
Op-Ed | Celebrity Fashion Hijackers
Is fashion’s love affair with celebrity labels going out of style? Au contraire, argues Teri Agins.
Retail
Nike Backs Obama on Trade with Pledge to Create 10,000 US Jobs
Nike Inc put its weight behind President Barack Obama's push for a trade deal with Asian countries on Friday with a promise to create up to 10,000 US-based manufacturing jobs if the pact is approved.
Global Markets
Op-Ed | Stop Waiting for the Perfect Moment to Invest in Africa
Some international fashion players are dithering for too long or taking a half-hearted approach to African markets, says Omoyemi Akerele, founder of Lagos Fashion and Design Week.
Fashion Week
Wall-to-Wall Met Ball and The Power of Cruise
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 Met Ball and the Cruise collections.
News & Analysis
5 Women Leaders on Getting Ahead in Fashion
BoF asked women leaders from across the fashion industry for their advice on how to overcome three key hurdles between high potential women and top jobs.
The News in Brief
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.
E.l.f. Beauty Sales Lift 51%
The US cosmetics giant raised its full-year sales outlook to over $2 billion as Rhode’s global expansion continues to power its revenue growth.
Shein Invests €500 Million in Europe as Customs Rules Tighten
The online retailer said it will expand its logistics hub in Poland as it grapples with stricter customs regulations in Europe.