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.
fast-fashion
Retail
H&M Sales Growth Slows
The Swedish retailer has been trying to reduce its high inventory level, which stood at $4.2 billion at the end of June.
News & Analysis
Boohoo Wants to Beat Zara at Its Own Game
The UK-based company is already among the most successful among a new breed of ultra-fast online brands challenging retailers like Zara and H&M. Its latest acquisition of British brands Karen Millen and Coast signals broader ambitions.
Sustainability
A Rare Look Inside Zara
The opaque fast-fashion giant allows BoF inside the business as it sets new sustainability targets and adjusts to a leadership change at parent company Inditex.
Retail
Revolve's Soaring IPO Creates $1.5 Billion Fortune for Founders
Shares of California-based e-tailer have more than doubled since its June listing, giving it a current market value of about $2.7 billion.
Retail
Op-Ed | Zara's Hot Polka Dot Dress Beats Big Data
With other retailers finally catching up to Inditex's super fast supply chain, the world's biggest fashion retailer will have to rely on its ability to spot trends and make blockbuster items to maintain its competitive edge.
News & Analysis
Case Study | Inside H&M’s $4 Billion Inventory Challenge
After years of sluggish growth and shrinking profits, the fast-fashion giant's stock levels have ballooned into a $4 billion problem — a powerful reflection of the challenges facing the company, and the fashion sector at large.
Luxury
Rainbows Aren't Enough: Taking Stock of Fashion's Approach to Pride
This week everyone will be talking about Paris Couture Week, the fate of Forever 21 and Sonia Rykiel, and the end of Pride Month. Read our BoF Professional Cheat Sheet.
Retail
H&M Shares Jump as Early Summer Sales Shine
June sales were up 12 percent for the world's second-biggest fashion retailer, beating analyst forecasts. Second quarter sales were up 11 percent, beating Inditex's 10 percent.
Retail
H&M Sales Rise for Fifth Straight Quarter
The fast-fashion label has struggled in recent years as its clothes fell out of favour with shoppers and amid heavy investments in online platforms.
News & Analysis
Zara Parent Inditex Is Embracing Its Online Future. Too Late or Just in Time?
This week everyone will be talking about what's next for Zara parent Inditex, Chinese designers at Pitti Uomo and Virgil Abloh's first retrospective at the Museum of Contemporary Art Chicago. Read our BoF Professional Cheat Sheet.
News & Analysis
Can Lightning Strike Twice with Love Island's New Fashion Partner?
The reality TV show has coupled up with a new fashion partner, I Saw It First. But will the marketing formula that worked so well last year continue to deliver results?
News & Analysis
Bangladesh Garment Unions Say New Factory Oversight Deal Risks Worker Safety
Government officials say The Accord on Fire and Building Safety in Bangladesh is no longer needed as a national regulatory body, the Remediation Coordination Cell (RCC), is able to do the job.
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.