Another Lululemon Executive Exits Ahead of Incoming CEO
The departure of AI chief Ranju Das after less than a year in the role comes shortly after the chief strategy officer exited ahead of new chief executive Heidi O'Neill joining in September.
global-currents
Global Markets
China to Place Consumption Tax on More Luxury Goods
BEIJING, China — China will widen the scope of its consumption tax to include more luxury goods, the official Xinhua News Agency reported, a sign
China to Place Consumption Tax on More Luxury Goods
BEIJING, China — China will widen the scope of its consumption tax to include more luxury goods, the official Xinhua News Agency reported, a sign
China
The China Edit | Asian Catwalk Queens, Furla Accelerates Store Openings, Cute Gives Way to Cool, Animal Testing Complicates L’Oréal Expansion
The China Edit is a weekly curation of the most important fashion business news and analysis from and about the world’s largest luxury market.
The China Edit | Asian Catwalk Queens, Furla Accelerates Store Openings, Cute Gives Way to Cool, Animal Testing Complicates L’Oréal Expansion
The China Edit is a weekly curation of the most important fashion business news and analysis from and about the world’s largest luxury market.
Global Markets
Amongst Chinese Girls, Cute Gives Way to Cool
In China, girls under the age of 25 are breaking with the "cute" style that appealed to their big sisters, a significant shift in tastes that both Chinese and international brands must consider.
Amongst Chinese Girls, Cute Gives Way to Cool
In China, girls under the age of 25 are breaking with the "cute" style that appealed to their big sisters, a significant shift in tastes that both Chinese and international brands must consider.
Global Markets
Made in America | From Detroit's Urban Decay, Shinola Rises
Amidst the urban decay of Detroit, a shoe polish purveyor reborn as a luxury watchmaker is bringing hope to the city's beleaguered manufacturing industry.
Made in America | From Detroit's Urban Decay, Shinola Rises
Amidst the urban decay of Detroit, a shoe polish purveyor reborn as a luxury watchmaker is bringing hope to the city's beleaguered manufacturing industry.
Global Markets
Inside India’s Big Fat $38 Billion Wedding Market, Part 2
Yesterday, in Part 1, BoF’s editor-in-chief Imran Amed spoke to designers, show organisers, media executives and former brides to learn why weddings are such big business in India. Today, get to know the couture-level designers that cater to the top end of the country’s bridal market, the opportunities for international luxury brands and the forces set to shape the market in the years to come.
Inside India’s Big Fat $38 Billion Wedding Market, Part 2
Yesterday, in Part 1, BoF’s editor-in-chief Imran Amed spoke to designers, show organisers, media executives and former brides to learn why weddings are such big business in India. Today, get to know the couture-level designers that cater to the top end of the country’s bridal market, the opportunities for international luxury brands and the forces set to shape the market in the years to come.
Global Markets
New Economic Signposts Needed as China Targets Consumer-led Growth
BEIJING, China — Forget electricity production and iron ore imports. China watchers today pore over box office receipts or furniture sales to judge
New Economic Signposts Needed as China Targets Consumer-led Growth
BEIJING, China — Forget electricity production and iron ore imports. China watchers today pore over box office receipts or furniture sales to judge
Global Markets
Inside India’s Big Fat $38 Billion Wedding Market, Part 1
On a recent trip to India to explore the country’s sizable wedding market, BoF editor-in-chief Imran Amed spoke to top designers, show organisers, media executives and former brides to learn why weddings are such big business in this fast-rising country of 1.2 billion people.
Inside India’s Big Fat $38 Billion Wedding Market, Part 1
On a recent trip to India to explore the country’s sizable wedding market, BoF editor-in-chief Imran Amed spoke to top designers, show organisers, media executives and former brides to learn why weddings are such big business in this fast-rising country of 1.2 billion people.
Global Markets
In China, Ink Joins a Budding Crop of Concept Stores
As a growing number of wealthy Chinese fashion consumers increasingly seek to differentiate themselves from their megabrand-wearing peers, curated multi-brand boutiques are on the rise. BoF visits Ink, a concept store that carries Boris Bidjan Saberi, Damir Doma and Rick Owens, housed in a Beijing hutong.
In China, Ink Joins a Budding Crop of Concept Stores
As a growing number of wealthy Chinese fashion consumers increasingly seek to differentiate themselves from their megabrand-wearing peers, curated multi-brand boutiques are on the rise. BoF visits Ink, a concept store that carries Boris Bidjan Saberi, Damir Doma and Rick Owens, housed in a Beijing hutong.
Global Markets
Estee Lauder Eyes Buoyant Cosmetics Demand in Africa
JOHANNESBURG, South Africa — Estee Lauder plans to expand its presence in sub-Saharan Africa by rolling out its $1 billion brands, Clinique and MAC,
Estee Lauder Eyes Buoyant Cosmetics Demand in Africa
JOHANNESBURG, South Africa — Estee Lauder plans to expand its presence in sub-Saharan Africa by rolling out its $1 billion brands, Clinique and MAC,
Global Markets
Japan’s Online Fashion Sales Climbing Fast
As online fashion sales expand, more large firms are committing investment to both websites and back-end logistics, while pure play e-tailers are launching new brands specifically for the online channel. JapanConsuming reports.
Japan’s Online Fashion Sales Climbing Fast
As online fashion sales expand, more large firms are committing investment to both websites and back-end logistics, while pure play e-tailers are launching new brands specifically for the online channel. JapanConsuming reports.
Global Markets
Long Overlooked, the Flourishing Philippines
The Philippines has long been overshadowed by its larger neighbours and underestimated by international fashion brands. Now the country is reporting faster economic growth than China. BoF reports.
Long Overlooked, the Flourishing Philippines
The Philippines has long been overshadowed by its larger neighbours and underestimated by international fashion brands. Now the country is reporting faster economic growth than China. BoF reports.
Global Markets
In China, Hangzhou Brands Face Identity Crisis
Hundreds of women’s fashion businesses, born in the mid-1990s in Hangzhou, China, based their success on mediocre, embellished copies of global best sellers, cheap commercial distribution, and high margins. But in today's highly competitive China market, where brand matters more than ever, Hangzhou labels face a serious identity crisis. BoF reports.
In China, Hangzhou Brands Face Identity Crisis
Hundreds of women’s fashion businesses, born in the mid-1990s in Hangzhou, China, based their success on mediocre, embellished copies of global best sellers, cheap commercial distribution, and high margins. But in today's highly competitive China market, where brand matters more than ever, Hangzhou labels face a serious identity crisis. BoF reports.
The News in Brief
Court Lets Trump Halt Tariff Exemption for Low-Cost Goods
In a decision on Thursday, a US trade court refused to disturb executive orders that lifted the ‘de minimis’ exemption for goods with a retail value of $800 or less.
Samsonite Buys Stake in Béis for $178.5 Million
Founder and actress Shay Mitchell will retain a 15 percent stake in Béis, which will become a Samsonite subsidiary after the deal closes.
Tapestry Forecasts Strong Annual Profit as Coach Remains Hot
Resilient demand for Coach bags among young and affluent shoppers helped buoy the group, but weakness at Kate Spade led the company to forecast muted annual revenue.
US Seeks Sentence for Founder of Fashion-Tech Company CaaStle
Prosecutors compared Christine Hunsicker to Elizabeth Holmes as they sought a 12.5 year prison sentence in the $300 million securities fraud case.
Shein Loses UK Copyright Lawsuit Against Temu Over Clothing Photos
The ultra-fast fashion platform lost the first round of a London legal battle against its rival for alleged copyright infringement in relation to photos of some of its products.
Birkenstock Nudges Forecast Higher on Solid Sandal Demand
The German brand bumped its sales forecast to the upper limit of its target range and posted strong quarterly earnings as consumers snapped up its sandals and clogs.
Richemont’s Panerai Brand Gets No Relief From Luxury Watch Revival
As the secondary market for timepieces rebounds, Cartier is grabbing buyer attention and there’s renewed enthusiasm around Vacheron Constantin, throwing the lack of interest in Panerai into stark contrast.