The CFDA Appoints Hildy Kuryk as Interim CEO
The trade body temporarily appointed Kuryk as it searches for a permanent replacement for former chief executive Steven Kolb, who resigned following a viral altercation with PETA protesters.
consumers
Beauty
Coty Invests in Prestige Skin Care Brand Orveda as It Aims to Grow Both Categories
Coty is continuing its prioritisation of prestige with an investment in Orveda, a skin care label known for its vegan, genderless offering and microbiome and prebiotics focus.
China
7 Shanghai Powerbrokers on the Future of China’s Fashion Ecosystem
As influencers, buyers and editors gather for the latest Shanghai Fashion Week, industry insiders share their thoughts on China’s creative ecosystem and what needs to happen for the city to become a global fashion capital.
China
Tapping China’s Domestic Travel Boom
Brands are wooing domestic travellers during China’s Golden Week, a seven-day national holiday beginning October 1st.
Retail
Coach Owner Is Stockpiling Handbags to Prepare for Holidays
The owner of the Coach and Kate Spade brands is stockpiling its handbags and other accessories ahead of the holiday season to ensure it can meet consumer demand amid ongoing delays in the delivery of products from suppliers.
Global Markets
Singapore Retail Sales Jump 25% as Southeast Asian Hub Vows to ‘Live With Covid’
In June, the market’s retail sales totalled $2.43 billion in a year-on-year boost of 25.8 percent, Retail in Asia reports.
China
Why Chinese Brides Say Yes to the Dress
From extravagant ballgowns to unboxing videos, find out what’s driving China’s $33.9 billion bridalwear market.
China
Sephora’s China Rivals Ready for Battle
After 16 years in Mainland China, LVMH’s Sephora faces serious competition as local multi-brand players jostle for a larger slice of the country’s $51 billion beauty market.
Marketing
What Kim Kardashian’s Olympics Coup Says About American Fashion
The mega-influencer’s digital-first shapewear brand Skims has succeeded, not only in selling millions of units, but in quickly earning the sort of cultural credibility once reserved for the likes of Ralph Lauren.
Luxury
The Future of Watches and Jewellery: Adapting to Rapid Change
The inaugural edition of The State of Fashion: Watches and Jewellery Report by The Business of Fashion and McKinsey & Company forecasts a shake-up in priorities for hard luxury as well as different recovery scenarios across geographies and consumer segments.
China
Fashion’s Next Big Opportunity in China: Older Shoppers
An obsession with youth may be costing fashion and beauty brands a slice of China’s $880 million silver economy.
Marketing
How to Sell Menswear to Women and Womenswear to Men
Selling to another gender offers growth opportunities but comes with a unique set of challenges for marketers.
Luxury
The Future of Watches: A High Stakes DTC Shake-Up
$2.4 billion in annual revenues are set to shift from retailers to brands by 2025 as consumers demand better online shopping experiences and brands aim for higher margins.
The News in Brief
Marc Jacobs Appoints New Chief Marketing Officer
Hearst veteran John Wattiker joins the American fashion house as CMO on the heels of its acquisition from LVMH by WHP Global and G-III.
Vyrao Acquired by Brand Platform Tresalis
The niche perfume brand has been purchased by the new beauty operator created and backed by German investment firm Athos.
Vietnam’s Largest Listed Jeweller Forecasts Loss After Diamond Scandal
PNJ also plans to slash its revenue target. Losses in 2026 are expected as a result of a huge provision for customer buybacks following a smuggling scandal.
China, US Agree Tariff Cuts on $60 Billion of Goods
The trade deal covers an array of products, ranging from fois gras to cosmetics.
Armani Open to More Than One Investor for Sale of 15% stake, CEO Says
The comments by chief executive Giuseppe Marsocci come as the brand reportedly considers the possibility of LVMH, L’Oreal and EssilorLuxottica sharing the stake.
Edward Buchanan Opens New Creative Hub in Milan
A new space called The Situation will host exhibitions and residencies and provide resources to Black, queer and other under-represented creatives.
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.