Reformation Valued at $886 Million in NYSE Debut
The Permira-backed womenswear retailer and some of its shareholders had raised $211 million in its IPO on Wednesday, with shares opening at $15 apiece.
innovation
Marketing
The Year Ahead: Digital Marketing in the Age of Privacy
As digital marketing becomes less effective and more costly, brands will embrace creative campaigns and channels such as retail media networks and the metaverse to achieve greater returns on investment and deepen community-led customer engagement.
The Year Ahead: Digital Marketing in the Age of Privacy
As digital marketing becomes less effective and more costly, brands will embrace creative campaigns and channels such as retail media networks and the metaverse to achieve greater returns on investment and deepen community-led customer engagement.
News & Analysis
The 10 Themes That Will Define the Fashion Agenda in 2023
The 10 themes in The State of Fashion 2023, the authoritative annual report from The Business of Fashion and McKinsey & Company, highlight how businesses can deploy realistic yet bold strategies to drive growth, even amid challenging times.
The 10 Themes That Will Define the Fashion Agenda in 2023
The 10 themes in The State of Fashion 2023, the authoritative annual report from The Business of Fashion and McKinsey & Company, highlight how businesses can deploy realistic yet bold strategies to drive growth, even amid challenging times.
Sustainability
Modern Meadow Closes $130 Million Series C Funding, Names Anna Bakst CEO
The new leadership and cash infusion are intended to help bring the company’s “biofabrication” technology, which can replace fossil fuel-based textile coatings and enhance the performance of natural materials, to commercial scale for the first time.
Modern Meadow Closes $130 Million Series C Funding, Names Anna Bakst CEO
The new leadership and cash infusion are intended to help bring the company’s “biofabrication” technology, which can replace fossil fuel-based textile coatings and enhance the performance of natural materials, to commercial scale for the first time.
Sustainability
Why Big Brands Are Investing in Sustainability Start-Ups
This year, Ralph Lauren and Lululemon have joined the likes of H&M Group, Kering and Chanel in pouring money into innovations that could reduce the industry’s environmental impact.
Why Big Brands Are Investing in Sustainability Start-Ups
This year, Ralph Lauren and Lululemon have joined the likes of H&M Group, Kering and Chanel in pouring money into innovations that could reduce the industry’s environmental impact.
Retail
Brands Claim Their Clothes Kill Viruses. Will Consumers Buy It?
With apparel spending down sharply, retailers are willing to try almost anything to lure anxious shoppers back. Tackling their fear of germs head-on is one way to woo them.
Brands Claim Their Clothes Kill Viruses. Will Consumers Buy It?
With apparel spending down sharply, retailers are willing to try almost anything to lure anxious shoppers back. Tackling their fear of germs head-on is one way to woo them.
Technology
The New Normal: The Innovation Imperative Is Here to Stay
Companies will need to embed crisis-born innovations into long-term strategies to future-proof their business models, resulting in radical and enduring changes to their organisations and the wider industry, says The Business of Fashion and McKinsey’s Coronavirus Update to The State of Fashion 2020.
The New Normal: The Innovation Imperative Is Here to Stay
Companies will need to embed crisis-born innovations into long-term strategies to future-proof their business models, resulting in radical and enduring changes to their organisations and the wider industry, says The Business of Fashion and McKinsey’s Coronavirus Update to The State of Fashion 2020.
Luxury
Case Study | The Next Wave of Luxury E-Commerce
Online luxury retail is now 20 years old. But after two decades of innovation, once-groundbreaking multi-brand giants face significant changes in consumer behaviour — and a growing, diverse stable of competitors — just as the coronavirus epidemic turns the world upside down. What happens now?
Case Study | The Next Wave of Luxury E-Commerce
Online luxury retail is now 20 years old. But after two decades of innovation, once-groundbreaking multi-brand giants face significant changes in consumer behaviour — and a growing, diverse stable of competitors — just as the coronavirus epidemic turns the world upside down. What happens now?
Technology
The BoF Podcast: Futurist Lucie Greene on Big Tech Versus the State
The futurist author and columnist unpacks tech giants' powerful influence over day-to-day life and public policy, making a case for deeper consideration of the ideology that underpins this culture of innovation and disruption.
The BoF Podcast: Futurist Lucie Greene on Big Tech Versus the State
The futurist author and columnist unpacks tech giants' powerful influence over day-to-day life and public policy, making a case for deeper consideration of the ideology that underpins this culture of innovation and disruption.
Retail
Will Singapore Win Asia’s Start-Up Race?
Singapore’s fashion start-up scene is abuzz with innovation and plucky entrepreneurs, but agility, adaptability and scale are necessary to succeed in the growing Southeast Asian market.
Will Singapore Win Asia’s Start-Up Race?
Singapore’s fashion start-up scene is abuzz with innovation and plucky entrepreneurs, but agility, adaptability and scale are necessary to succeed in the growing Southeast Asian market.
Technology
Woman in Tech: Joy Ajlouny on the Double Bind
The co-founder of Fetchr told VOICES attendees that a "bull in a China closet spirit" drove her to start her company and raise over $52 million in funding.
Woman in Tech: Joy Ajlouny on the Double Bind
The co-founder of Fetchr told VOICES attendees that a "bull in a China closet spirit" drove her to start her company and raise over $52 million in funding.
Technology
Vishaan Chakrabarti: Designing Cities for Prosperity and Joy
Speaking at BoF’s VOICES, the architect argued that a well-designed urban environment would result in greater prosperity, sustainability, equity and joy.
Vishaan Chakrabarti: Designing Cities for Prosperity and Joy
Speaking at BoF’s VOICES, the architect argued that a well-designed urban environment would result in greater prosperity, sustainability, equity and joy.
Technology
Designing With Biology: Natsai Audrey Chieza
The fashion industry is exploring ways to incorporate recent advances in biotechnology, from spider silk grown from yeast to liquid leather, attendees learned at BoF’s VOICES.
Designing With Biology: Natsai Audrey Chieza
The fashion industry is exploring ways to incorporate recent advances in biotechnology, from spider silk grown from yeast to liquid leather, attendees learned at BoF’s VOICES.
The News in Brief
Puig Reports First-Half Revenue Growth After Estee Lauder Talks End
The Spanish beauty company reported first-half revenue growth on strong demand for makeup from Charlotte Tilbury.
Canada Goose Beats Revenue Estimates as Demand Holds Up
The outerwear brand beat expectations for first-quarter revenue, but new US tariffs on Canadian could affect future earnings.
Steven Madden Tops Expectations and Lifts Full-Year Outlook
The retailer raised its full-year revenue forecast again as its integration of luxury brand Kurt Geiger last year provided a tailwind.
Reformation and Its Backers Raise $210.9 Million in IPO
The womenswear brand and shareholders including private-equity backer Permira raised new funds in an IPO that priced shares at the bottom of the marketed range.
Adidas Shares Plunge After World Cup Spend Dents Profit
Shares in the company fell the most on record after its marketing outlay for the World Cup resulted in lower-than-expected quarterly profit.
British Fashion Council to Boost UK Fashion Beyond London
The new national initiative, Fashion Britain, aims to increase growth, innovation and participation in the industry across key cities.
Hermès’ Chief Watches China’s Pork Prices to Gauge Luxury Demand
When it comes to gauging the possibility of a sales rebound for his luxury group in China, Hermès executive chairman Axel Dumas turns to an unusual metric.