L’Oréal Joins Forces With Nykaa to Invest in Indian Beauty Brands
BOLD, the French conglomerate’s venture capital fund, will collaborate with retailer Nykaa to invest in the next generation of Indian beauty brands.
bof500-2014
Retail
Hudson's Bay Shares Soar to 16 Month-High on Real Estate IPO
Canada's oldest retailer had its biggest gain in 16 months after it signalled it may take its real estate assets public, unlocking value for the company as same-store sales decline.
Marketing
Kendall Jenner Pepsi Ad Draws Outrage
The latest ad from the soft drinks company drew immediate criticism on Twitter, with civil rights advocates saying it trivialised recent street unrest across the United States.
News & Analysis
Moda Operandi Looks Beyond the Runway
With a foundation in straight-off-the-runway trunk show sales, the retailer is eyeing a global network of luxury showrooms and new categories such as fine jewellery, which has grown 190 percent year-on-year.
News & Analysis
Mother of Pearl and Palmer Harding Win the 2017 BFC/Vogue Fashion Fund
The organisation decided to “spread the benefit” of the prize to two labels this year.
Retail
Op-Ed | Asos Can't Hide from Brexit
The online retailer has been nicely protected from Brexit, but if the British shopper starts to cut back, some of the heady advantage it's enjoyed may start to fizzle out.
Fashion Week
News Bites | Hanya Yanagihara Named Editor of T Magazine, Jed Root Investor Speaks and More...
In today's News Bites, Hanya Yanagihara is named editor of T: The New York Times Magazine while Stuart Emmrich will leave the paper's Styles section, and Gucci will show its Cruise collection at Florence's Pitti Palace.
Marketing
News Bites | SoulCycle Reveals Laird+Partners Campaign, Balmain Appoints New CEO
In today's News Bites, SoulCycle reveals its first ever campaign by Trey Laird and Balmain appoints a former Valentino executive as its new CEO.
Retail
Jenna Lyons Exits J.Crew
BoF has learned that the specialty retailer's longtime creative mastermind is departing the company. Current J.Crew women's head Somsack Sikhounmuong will take over her design duties.
News & Analysis
What Went Wrong at Jed Root?
Top artist management agency Jed Root is closing its doors, leaving scores of artists and agents around the world struggling to secure unpaid fees and salaries. Now, Jed Root speaks exclusively to BoF on how his agency spiralled out of control after he sold it to Swiss group RPRT.
News & Analysis
Garance Doré Relaunches as Atelier Doré
The illustrator, writer and photographer is rebranding her company as Atelier Doré, which she believes better represents the suite of products — both business and consumer facing — that she and her team offers.
News & Analysis
Bergdorf Goodman President Joshua Schulman to Step Down
The news comes as parent company Neiman Marcus Group considers a buyout. Jim Gold, NMG's chief merchandising officer, will take over Schulman's role until a replacement is found.
Workplace & Talent
Ralph Toledano Exits Puig, Furla Appoints CEO
This week, Ralph Toledano resigned from his role as president of Puig's fashion division and chief executive of Nina Ricci and Jean Paul Gaultier, and Furla named Alberto Camerlengo as chief executive officer.
The News in Brief
Private Equity Firm Inflexion Invests in Manucurist
The European investor, which previously backed Medik8, has taken a 49 percent stake in the premium French nail line.
H&M Profit Rises on Tariff Refunds as Sales Remain Sluggish
US tariff refunds drove an increase operating profit, even as the fast-fashion retailer has struggled to deliver consistent sales growth.
Arnault Clan to Change LVMH Holding Structure to Ensure Control
Under the plan, the world’s biggest luxury group will be controlled by one entity, Agache SCA, after Christian Dior SE, one of the current holding companies of LVMH, is delisted.
JD Sports Says Nike Turnaround Is Only a Matter of Time
Dominic Platt, chief financial officer of the British sportswear retailer, told Reuters, ‘Much as there's a lot of talk about Nike, it's still the most popular brand out there and it's still a very strong brand.’
Chanel Plans to Keep Investing in China Despite Demand Downturn
CEO Leena Nair pointed to the brand’s recent renovation of its Plaza 66 boutique in Shanghai, calling China ‘a market where the clients understand sophistication, refinement.’
Meta Expected to Unveil Smart Glasses Without Camera
Smart glasses have become a target of criticism in recent months amid growing concerns they can be used to record people without their consent.
Record Global Fibre Production Pushes Fashion’s Environmental Footprint Higher
Planet-warming emissions associated with the raw materials used to make fashion, footwear and home textiles have risen 30 percent since 2019, according to a new report.