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.
fast-fashion
China
Zara Chooses Susan Fang for First Chinese Designer Collaboration
The Spanish fast fashion giant is collaborating with Susan Fang on a Chinese New Year capsule collection, which will be released in selected stores and online Jan. 17.
Fashion Week
Omicron May Throw a Wrench in Fashion Week Plans
This week, everyone will be talking about how the Omicron variant will affect fashion’s busy events calendar, and Zara owner Inditex’s latest results.
Retail
Can Shein Change?
The Chinese fast fashion giant just hired a head of sustainability, and is taking other steps to remove some of the mystery in how it operates. But some of the company’s critics say the fast fashion business model can’t be reformed.
Retail
The Year Ahead: Consumers to Reboot Wardrobes for Post-Pandemic Life
Consumers will reallocate wallet share across fashion categories as pent-up demand for newness intersects with more social freedoms. Companies should prepare for this shift by honing data-driven product development and adjusting their inventory mix.
Luxury
Omicron, Inflation and Fashion’s State of Play
This week, everyone will be talking about two key variables that will shape fashion’s immediate future, plus Dior’s show in London and Zegna’s upcoming IPO.
Retail
The Future of Zara Under New Leadership
Zara-owner Inditex, the world’s largest fashion retailer, appointed a mix of new and familiar faces to top management positions this week. The shakeup comes at a pivotal moment for the Spanish giant.
Retail
How the New Wave of Fast Fashion Brands Really Work
Edikted is less than a year old but it’s all over TikTok and already topping search rankings among Gen Z consumers. The brand’s founder explains his formula.
Luxury
What You Will Learn at VOICES 2021
Explore the core themes and reserve your spot to attend BoF’s annual gathering for big thinkers.
Sustainability
What COP26 Means for Fashion
Achieving the ambitions laid out at the UN climate summit that ended this week will require a wholesale transformation of the way the fashion industry operates. Are business leaders ready?
Retail
Boohoo Agrees Preliminary Terms to Settle US Class Action Lawsuit
Boohoo said it has agreed to terms of a preliminary settlement with parties that brought a US class action claim alleging that the British online fashion retailer’s promotions in California misled shoppers.
Retail
Can Asos Handle Fast Fashion’s Headwinds?
The abrupt departure of the fast fashion e-tailer’s CEO alongside a warning profits could fall sharply this year have raised the stakes for the company’s strategy update next month.
The News in Brief
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.’
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.