Bangladesh Garment Workers Stage Fourth Day of Wage Protests
The unrest has intensified despite the government forming a wage board to review pay levels, with violent clashes shuttering factories and injuring dozens of people.
leadership
Retail
Inside Luxury Retailers’ Bare-Knuckle Fight to Win the Holidays
With market leader Saks struggling and Ssense in bankruptcy, competitors from Bloomingdale’s to Mytheresa to FWRD see a rare opportunity to grab market share. They are openly courting top customers, vendors and even the employees of their struggling competitors.
Luxury
Prada’s Lorenzo Bertelli to Become Versace Executive Chairman
Prada Group CEO Andrea Guerra, speaking at BoF VOICES 2025, said Bertelli will be ‘much more involved’ in Versace.
Luxury
Kering Must Downsize, Reduce Gucci Exposure and Chase Synergies, CEO de Meo Says in Memo
Luca de Meo calls for store closures, recalibrated pricing and a push to grow brands beyond Gucci as the group works to return to sustainable growth.
Retail
PVH Corp. Announces Finance Chief Zac Coughlin’s Departure
The chief financial officer of Tommy Hilfiger’s parent company will step into his new role at Sirius XM at the start of next year.
Luxury
The State of Fashion 2026: When the Rules Change
The 10th annual State of Fashion report by McKinsey & Company and BoF Insights, The Business of Fashion’s data and advisory team, reveals how changes in trade, technology and consumer behaviour will challenge businesses in 2026. Download the full report to understand the 10 themes that will shape the industry and opportunities for growth in the year ahead.
Retail
Walmart CEO Doug McMillon to Retire, Insider John Furner Named Top Boss
Shares of the company fell about 3 percent in premarket trading.
Luxury
Antonin Tron to Design Balmain
The founder of Atlein will replace Olivier Rousteing, who parted ways with Mayhoola-backed Balmain last week after fourteen years as the house’s creative director.
Workplace & Talent
It’s Time for Fashion to Get Real About AI’s Impact on Jobs
Fashion brands are racing to deploy AI in marketing, design and employee workflows. But inside companies, a lack of clarity is breeding layoff anxiety — and quiet AI use that feels risky, if not like cheating.
Luxury
Shinola’s Newly Appointed President Will No Longer Assume the Role
Ulrich Wohn, who was announced as the new president of the Detroit-based company earlier this week, will not move forward in the job due to a “highly urgent personal matter.”
Technology
How Small Brands Are Learning to Love AI
Startups are starting to use AI for everything from retail planning to inventory management, while mostly keeping the technology away from the creative parts of their business.
Luxury
Olivier Rousteing Departs Balmain
Rousteing is stepping down after 14 years as creative director, the French fashion house announced.
Luxury
Van Cleef & Arpels’ Alhambra: How to Update a Timeless Charm
CEO Catherine Rénier discusses the decision to add new models to the iconic collection that’s fundamental to the jewellery house’s bottom line.
The News in Brief
Retail Still a Weak Spot as Reliance Profits Beat Expectations
The Indian oil-to-telecom giant saw its market value jump by a record $19 billion as earnings surged, but its retail division continues to lag.
Hugo Boss Cuts Outlook Citing Weak Demand, Higher Costs
The German fashion house, recently taken over by Britain’s Frasers Group, is in the midst of a second turnaround effort under CEO Daniel Grieder.
Diotima’s Rachel Scott, Ralph Lauren Take Home Top Prizes at CFDA Awards
Colleen Allen won the emerging designer of the year award; Tory Burch, Linda Fargo and more take home honours.
Ye Announces ‘Yeezy Season 01’ Runway Show in Los Angeles
The show will unveil the brand’s first-ever flagship store and mark Ye’s first full-scale runway presentation in four years.
Style Capital Acquires Alessandro Dell’Acqua’s N21
Financial details of the deal for the Milan-based brand weren’t disclosed.
Lagos Fashion Week Continues to Flex its Pan-African Muscle
The buzzy Nigerian fashion event has attracted a cohort from across the continent, with designers from South Africa, Uganda and Morocco presenting their collections in the Nigerian city.
Estée Lauder Raises Outlook, Buoyed by Perfume Demand
Demand for the US conglomerate’s luxury fragrance brands like Le Labo, Tom Ford and By Kilian offset weaker performance from its makeup and haircare divisions.