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.
fast-fashion
Retail
H&M Shares Rise Despite Profits Falling
Swedish retailer reported a 19 percent fall in operating profit due to inventory issues, yet the company's shares jumped 13 percent.
News & Analysis
H&M Tests New Store Concept
At a spruced-up pilot store in Stockholm, the chain is testing new concepts that mark a break with its past, and partly echo some tactics already deployed by rivals to attract shoppers.
News & Analysis
Boohoo Names New CEO From Primark
John Lyttle, currently chief operating officer of Primark, will join Boohoo in March, having been offered a payout of as much as £50 million to spur growth.
News & Analysis
Inside Japan’s Biggest Fashion Festival
Tokyo Girls Collection is a shoppable mega-show so popular that it causes hysteria, but only a few brands outside Japan have tapped into this colossal direct-to-consumer opportunity.
Retail
Rihanna Takes on Aerie and Victoria's Secret
This week, everyone will be talking about Rihanna's Savage X Fenty show at New York Fashion Week, the new #BoF500, Zara's global e-commerce strategy and J.Crew's new look. Read our BoF Professional Cheat Sheet.
Sustainability
Social Goods | Fashion Industry Funnels Money Towards Slavery, Fast Fashion's Waste Problem
This week, a new report suggests the fashion industry is the world's second-largest contributor to modern slavery, while consumer trends are causing catastrophic damages for the environment.
News & Analysis
Op-Ed | World Cup Semi-Finalists Test Adidas and Nike’s Fast Fashion Efforts
The advance of three unlikely teams — Croatia, Belgium and England — to the World Cup semi-finals has offered up its own test to the sportswear giants: how they’re coping with the shift to fast fashion.
Financial Markets
H&M Second-Quarter Profits Decline
Profit slumped 22 percent to $670 million as the retailer struggles to adapt to the new digital landscape.
Global Markets
Turkey: Troubled, Resilient and Full of Opportunity
For many fashion executives, two years of upheaval has led to uncertainty, but for others Turkey’s increasingly polarised market signals new business opportunities.
News & Analysis
Zara Looks to Technology to Keep up With Faster Fashion
The Spanish company is developing new technologies, hooking up with tech firms and hiring talent from start-ups to fend off competition from younger, online-only players like Boohoo.com and Missguided.
Retail
Urban Outfitters Rises on Upbeat Quarterly Forecast
Shares rose after at least four brokerages raised their price targets following the company's upbeat quarterly same-store sales forecast at its retail business.
News & Analysis
Social Goods | Gap and H&M Factory Workers Face Daily Abuse, Fur Opposition in China
This week, a new report claims fast-fashion deadlines create a climate of harassment and violence in Asian factories, while top fashion industry representatives in Shanghai are committing to going fur-free.
The News in Brief
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.
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.’