Style Capital Acquires Alessandro Dell’Acqua’s N21
Financial details of the deal for the Milan-based brand weren’t disclosed.
leadership
Retail
Billionaire Blundy Urges Board Change at Victoria’s Secret
Australian billionaire Brett Blundy is pushing for changes to the board of Victoria’s Secret & Co., accusing the lingerie retailer of failing to address shareholder value.
Luxury
Shinola Appoints Ulrich Wohn as President
The former TAG Heuer North America CEO has been tapped to lead the Detroit-based maker of watches and leather goods in its next phase of growth.
Retail
Etsy Taps Chief Growth Officer as CEO to Navigate the AI Era
Kruti Patel Goyal, who recently held the top job at Depop, will succeed current CEO Josh Silverman, who spent eight years in the role.
Luxury
JPMorgan Appoints Alison Loehnis as Senior Adviser
In the new position, the former Yoox Net-A-Porter president will focus on luxury and lifestyle brands.
News & Analysis
Why I’m Excited About BoF VOICES 2025
Join us for our annual gathering for big thinkers from November 18-21.
Luxury
Arnault Tightens His LVMH Control With $1.6 Billion Buying Spree
The buying blitz, amid a sharp decline in LVMH’s share price, brings Bernard Arnault and his family closer to owning half of the world’s largest luxury group.
Beauty
How Black Beauty’s Class of 2020 Is Navigating a Tough Market
Recipients of Glossier’s 2025 grants for Black founders spoke to The Business of Fashion about how they’ve sustained growth and built resilience after the hype died down.
Direct-to-Consumer
Outdoor Voices’ Ty Haney Sued by Investors in Energy Drink Venture
A group of local Boulder, Colorado-based investors in Haney’s beverage company, Joggy, filed a lawsuit against her this month, alleging securities fraud.
Marketing
How Favorite Daughter Benefitted From the Netflix Effect
The womenswear business, which has crossed $100 million in annual sales, has tapped the power of pop culture thanks to its appearances on Netflix’s “Nobody Wants This,” created and written by Erin Foster, one of the brand’s founders.
Luxury
Kering Sales, Smash-and-Grab Theft and Paris Art Week
Kering teased a 'drastic' reduction in its store footprint even as a deal with L’Oréal lightens its debt. Plus, early echoes from Paris Art Week, including a knockout Miu Miu initiative.
Beauty
Novo Chairman to Step Down in Shakeup After Rift on Board
Helge Lund is stepping down due to a governance dispute as the company faces challenges in the weight-loss drug market and pressure on its share price.
Global Markets
Worldview | Sao Paulo Fashion Week Stages Blockbuster Anniversary Event
This week’s round-up of global markets fashion business news also features India’s Reliance Retail and fashion week events in Shanghai, Riyadh and Mexico City.
The News in Brief
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.
Bangladesh Sets Up Wage Board as Garment Worker Unrest Shuts Factories
Violent protests over pay levels forced the closure of more than 500 factories over the weekend.
Premium Skincare Brand Colorescience Names New CEO
Former Kiehl’s general manager John Reed will lead the label, which was acquired by Roundtable Healthcare Partners earlier this year.
Proya Third-Quarter Revenue Grows, Profit Dented by Marketing Spend
The Chinese beauty conglomerate’s revenue grew 29.8 percent in the latest quarter, but its profit decreased by double digits due to increased promotional expenses as it expands overseas.
Michael Kors Owner Capri Soars After Raising Annual Forecasts
Shares jumped after the group raised its annual revenue and profit forecasts and said it expected sales to return to growth.
Puma Sales Slow Less Than Expected as Anta Partnership Advances
The German sportswear business is attempting to reboot its brand appeal to better compete with larger rivals Adidas and Nike.