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.
investment
News & Analysis
The State of Fashion 2023: Resilience in the Face of Uncertainty
The seventh annual State of Fashion report by The Business of Fashion and McKinsey & Company reveals the industry is heading for a global slowdown in 2023 as macroeconomic tensions and slumping consumer confidence chip away at 2022′s gains. Download the full report to understand the 10 themes that will define the industry and the opportunities for growth in the year ahead.
The State of Fashion 2023: Resilience in the Face of Uncertainty
The seventh annual State of Fashion report by The Business of Fashion and McKinsey & Company reveals the industry is heading for a global slowdown in 2023 as macroeconomic tensions and slumping consumer confidence chip away at 2022′s gains. Download the full report to understand the 10 themes that will define the industry and the opportunities for growth in the year ahead.
Global Markets
The African Fashion Hub Punching Above Its Weight
Ivory Coast is home to fashion businesses focused on international investment and regional trade that one might expect to find in larger countries on the continent.
The African Fashion Hub Punching Above Its Weight
Ivory Coast is home to fashion businesses focused on international investment and regional trade that one might expect to find in larger countries on the continent.
Direct-to-Consumer
The Next Wave of DTC Acquisitions
As the economy weakens and funding dries up, more digital upstarts will face pressure to sell. They’ll have no trouble finding buyers – if they can prove they’re more than just another money-losing start-up.
The Next Wave of DTC Acquisitions
As the economy weakens and funding dries up, more digital upstarts will face pressure to sell. They’ll have no trouble finding buyers – if they can prove they’re more than just another money-losing start-up.
Global Markets
Examining Qatar’s Fashion Hub Ambitions
Doha has attracted major fashion retail investment ahead of this month’s FIFA World Cup but the Qatari capital’s ability to attract overseas shoppers long-term remains uncertain.
Examining Qatar’s Fashion Hub Ambitions
Doha has attracted major fashion retail investment ahead of this month’s FIFA World Cup but the Qatari capital’s ability to attract overseas shoppers long-term remains uncertain.
Global Markets
Bidayat Takes Stake in Egyptian Jewellery Brand Azza Fahmy
The brand, whose designs have found favour with a long list of celebrities including Rihanna and Naomi Campbell, plans to use the investment to grow sales in the MENA region as well as in North America.
Bidayat Takes Stake in Egyptian Jewellery Brand Azza Fahmy
The brand, whose designs have found favour with a long list of celebrities including Rihanna and Naomi Campbell, plans to use the investment to grow sales in the MENA region as well as in North America.
Sustainability
The BoF Podcast | Joy Howard on Community Fuelled Sustainability
BoF’s editor-in-chief Imran Amed spoke with the founder of degrowth brand Early Majority about the power of energised communities and what the future of token-gated commerce looks like.
The BoF Podcast | Joy Howard on Community Fuelled Sustainability
BoF’s editor-in-chief Imran Amed spoke with the founder of degrowth brand Early Majority about the power of energised communities and what the future of token-gated commerce looks like.
Luxury
Zegna Eyes High-End Suppliers as Fashion House Moves Upmarket
“These kinds of acquisitions would consolidate the perimeter of our supply chain and our Made in Italy platform from the very top, and make us more competitive in luxury textiles,” chief executive officer Gildo Zegna said in an interview in Milan.
Zegna Eyes High-End Suppliers as Fashion House Moves Upmarket
“These kinds of acquisitions would consolidate the perimeter of our supply chain and our Made in Italy platform from the very top, and make us more competitive in luxury textiles,” chief executive officer Gildo Zegna said in an interview in Milan.
Beauty
Case Study | How to Build an Independent Beauty Brand
From fragrance to skin care to hair care, independent brands are making their mark on the beauty industry, but competition is stiff and scaling these businesses is more complex than ever.
Case Study | How to Build an Independent Beauty Brand
From fragrance to skin care to hair care, independent brands are making their mark on the beauty industry, but competition is stiff and scaling these businesses is more complex than ever.
Luxury
Tapestry Deepens Push Into China, Undeterred by Luxury Market Slump
The store is one of 30 in China that Coach parent Tapestry Inc is looking to open in the coming 12 months, the company’s Asia Pacific president Yann Bozec told Reuters.
Tapestry Deepens Push Into China, Undeterred by Luxury Market Slump
The store is one of 30 in China that Coach parent Tapestry Inc is looking to open in the coming 12 months, the company’s Asia Pacific president Yann Bozec told Reuters.
Beauty
How Shai Eisenman’s Bubble Broke Through With Gen-Z
Bubble, a Gen-Z obsessed beauty brand, has managed to surpass the eight-figure revenue mark and is chasing $100 million by 2026. This week it debuts a new partnership with Ulta.
How Shai Eisenman’s Bubble Broke Through With Gen-Z
Bubble, a Gen-Z obsessed beauty brand, has managed to surpass the eight-figure revenue mark and is chasing $100 million by 2026. This week it debuts a new partnership with Ulta.
Retail
Diane von Furstenberg Makes a (Profitable) Comeback
For the first time in a decade, Diane von Furstenberg is operating in the black. It’s a feat made possible by cutting overall production by half under the brand’s new CEO, Gabby Hirata.
Diane von Furstenberg Makes a (Profitable) Comeback
For the first time in a decade, Diane von Furstenberg is operating in the black. It’s a feat made possible by cutting overall production by half under the brand’s new CEO, Gabby Hirata.
Retail
BoF LIVE | Can On Set a New Pace for Sportswear?
A panel of experts discuss how On has transformed its unconventional performance-running shoes into one of the world’s most recognisable footwear brands.
BoF LIVE | Can On Set a New Pace for Sportswear?
A panel of experts discuss how On has transformed its unconventional performance-running shoes into one of the world’s most recognisable footwear brands.
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.