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.
investment
Beauty
Kering’s Next Frontier: Beauty
The Gucci owner has hired former Estée Lauder executive Raffaella Cornaggia to lead its new beauty division, echoing the formation of the group’s eyewear unit in 2014. Why now for beauty and does this mean the beginning of the end of the licensing model for luxury brands?
Kering’s Next Frontier: Beauty
The Gucci owner has hired former Estée Lauder executive Raffaella Cornaggia to lead its new beauty division, echoing the formation of the group’s eyewear unit in 2014. Why now for beauty and does this mean the beginning of the end of the licensing model for luxury brands?
Global Markets
BoF Insights | Fashion in the Middle East: Optimism and Transformation
The region’s $89 billion fashion industry is set for unprecedented change in the upcoming years thanks to a mix of factors, from shifting consumer behaviours to new government investment policies, according to BoF Insights’ new report.
BoF Insights | Fashion in the Middle East: Optimism and Transformation
The region’s $89 billion fashion industry is set for unprecedented change in the upcoming years thanks to a mix of factors, from shifting consumer behaviours to new government investment policies, according to BoF Insights’ new report.
Retail
Uniqlo’s Quest to Conquer the US, One Cashmere Sweater at a Time
Although Uniqlo is a fixture in shopping streets of New York, parent Fast Retailing Co. is giving its flagship clothing brand a hefty marketing budget to reach Iowa and Texas.
Uniqlo’s Quest to Conquer the US, One Cashmere Sweater at a Time
Although Uniqlo is a fixture in shopping streets of New York, parent Fast Retailing Co. is giving its flagship clothing brand a hefty marketing budget to reach Iowa and Texas.
Sustainability
H&M and Remondis Form Textiles Recycling Venture
The fast-fashion industry to which H&M belongs is looking for ways to curb its carbon footprint in response to growing demands from investors to take more responsibility for the environment.
H&M and Remondis Form Textiles Recycling Venture
The fast-fashion industry to which H&M belongs is looking for ways to curb its carbon footprint in response to growing demands from investors to take more responsibility for the environment.
Retail
Billionaire Cohen Builds Stake in Nordstrom, Urges Board Shakeup
Billionaire investor Ryan Cohen is building a large stake in Nordstrom Inc and plans to push the upscale retailer to shake up its board as its performance has lagged behind rivals, people familiar with the matter said on Thursday.
Billionaire Cohen Builds Stake in Nordstrom, Urges Board Shakeup
Billionaire investor Ryan Cohen is building a large stake in Nordstrom Inc and plans to push the upscale retailer to shake up its board as its performance has lagged behind rivals, people familiar with the matter said on Thursday.
Retail
BoF Insights | Can a New Investment Help eBay Build Luxury Resale Street Cred?
Investing in a VIP resale platform is another play from the e-commerce pioneer to win over luxury buyers and sellers.
BoF Insights | Can a New Investment Help eBay Build Luxury Resale Street Cred?
Investing in a VIP resale platform is another play from the e-commerce pioneer to win over luxury buyers and sellers.
Luxury
Matchesfashion Secures £60m Support Package From Owner
Apax Partners, the private equity firm which acquired the luxury retailer in 2017, has agreed to inject £60 million ($74.2 million) into the business, a spokesperson for the company confirmed Monday.
Matchesfashion Secures £60m Support Package From Owner
Apax Partners, the private equity firm which acquired the luxury retailer in 2017, has agreed to inject £60 million ($74.2 million) into the business, a spokesperson for the company confirmed Monday.
Beauty
Who Are Pat McGrath Labs’ Investors?
Eurazeo, which invested in Pat McGrath Labs in a deal that valued the beauty brand at $1 billion in 2018, quietly sold its stake in the beauty line in 2021, BoF has learned.
Who Are Pat McGrath Labs’ Investors?
Eurazeo, which invested in Pat McGrath Labs in a deal that valued the beauty brand at $1 billion in 2018, quietly sold its stake in the beauty line in 2021, BoF has learned.
Retail
Ssense Is the Latest Fashion Company to Reduce Headcount
The Montreal-based e-commerce retailer laid off 138 employees last week, or 7 percent of its total workforce.
Ssense Is the Latest Fashion Company to Reduce Headcount
The Montreal-based e-commerce retailer laid off 138 employees last week, or 7 percent of its total workforce.
Retail
Shein’s Years of Explosive Growth Are Over. What’s Next?
The fast-fashion retailer has seen sales decline in six of the last seven months, as the novelty of its endless selection of trendy, ultra-cheap clothes wears off.
Shein’s Years of Explosive Growth Are Over. What’s Next?
The fast-fashion retailer has seen sales decline in six of the last seven months, as the novelty of its endless selection of trendy, ultra-cheap clothes wears off.
Retail
What American Retailers Can Learn From European Department Stores
Creative experiences and a less-standardised approach to operations and design have helped iconic stores like Selfridges, Liberty and Le Bon Marché resist multi-brand retail’s decline.
What American Retailers Can Learn From European Department Stores
Creative experiences and a less-standardised approach to operations and design have helped iconic stores like Selfridges, Liberty and Le Bon Marché resist multi-brand retail’s decline.
Beauty
L’Oréal Invests in Metaverse Start-Up
In its first venture-capital investment in the metaverse or web3 worlds, the beauty giant is backing a company that lets brands build their own virtual spaces.
L’Oréal Invests in Metaverse Start-Up
In its first venture-capital investment in the metaverse or web3 worlds, the beauty giant is backing a company that lets brands build their own virtual spaces.
The News in Brief
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.
Allies of Skin’s Founder Nicolas Travis Has Resigned
The Singapore-based luxury skincare brand has also appointed Alicia Valencia as interim president.