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.
footwear
Luxury
Fashion’s Hottest Brands and Top Selling Products in Q2
In a new series, BoF and Lyst crunch the numbers to bring you the definitive list of the highest performing fashion brands and products, quarter by quarter.
News & Analysis
Armed with Data and $16M in New Funding, M.Gemi Seeks Scale
The disruptive direct-to-consumer brand, which sells Italian-made shoes, has raised a Series C round to fuel growth.
News & Analysis
Revealed: The Romanian Site Where Louis Vuitton Makes Its Italian Shoes
"All but the soles of the luxury brand’s footwear are made in Transylvania before being ‘finished’ in Italy and France."
Luxury
Tod's Launches Men's Capsule Collection for Mr Porter
Luxury groups like Tod's have been coming under pressure from younger clients to present more collections, including exclusive capsule lines.
News & Analysis
Adidas Loses Rulings Over Skechers' Alleged 'Springblade' Knockoffs
A federal judge has rejected Adidas effort to block Skechers USA Inc from selling athletic sneakers that it said copied its "Springblade" concept.
Luxury
BoF Exclusive | J.W. Anderson Debuts Converse Partnership as Part of Brand Reinvention
Jonathan Anderson is kicking off a new era for his namesake label, centered on scale and new collaborations.
News & Analysis
Op-Ed | The Future of America's Footwear Market Is Male
Men’s US shoe sales will soon surpass women’s. At $26.2 billion in 2016 versus $29.9 billion for women’s footwear, 'men’s is closer in size to women’s than it’s ever been.'
Marketing
Nike’s Race for World Record — and Runners
This weekend, three of the world’s fastest athletes will put on Nike’s new running shoes and try to break a record in the latest instalment of the brand's battle for the hearts (and feet) of runners.
News & Analysis
Can Adidas Repeat its Stan Smith Success Story?
As sales of the Stan Smith and the Superstar start to wane, Adidas plans to pump up other throwbacks from the back of its closet.
Retail
Under Armour Surges After Posting Smaller Than Expected Loss
The company posted a smaller loss than expected, renewing optimism that the athletic brand can pull out of its current slump.
Luxury
News Bites | Rupert Sanderson Launches 'Super Premium' Sister Brand, Woolmark Prize Nominees Revealed
In today's News Bites, Rupert Sanderson announces the launch of R. Sanderson, while Protagonist, Staffonly and Phoebe English are up for the International Woolmark Prize.
Retail
US Retail Woes Force Suppliers to Get More Militant
Suppliers are becoming increasingly concerned they won’t be paid for the goods they ship, and they’re taking more aggressive steps to protect themselves.
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.’