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.
leadership
Beauty
Ben Gorham to Exit Byredo
The founder of the Swedish fragrance label is stepping down as Puig completes its takeover.
Ben Gorham to Exit Byredo
The founder of the Swedish fragrance label is stepping down as Puig completes its takeover.
Beauty
Beautycounter Would Like To Reintroduce Itself
Back under the ownership of founder Gregg Renfrew, the beauty label will relaunch on June 25 as Counter, keeping its clean formulations and giving up its MLM-style compensation model in favor of “community commerce.” Renfrew talks exclusively to The Business of Beauty about her vision for the new brand.
Beautycounter Would Like To Reintroduce Itself
Back under the ownership of founder Gregg Renfrew, the beauty label will relaunch on June 25 as Counter, keeping its clean formulations and giving up its MLM-style compensation model in favor of “community commerce.” Renfrew talks exclusively to The Business of Beauty about her vision for the new brand.
Luxury
Why Kering Picked a Fashion Outsider to Be Its Next CEO
The Gucci and Saint Laurent owner is splitting its chairman and CEO roles, bringing in Luca de Meo, a turnaround expert who has revived multiple automotive brands, to support the Pinault family.
Why Kering Picked a Fashion Outsider to Be Its Next CEO
The Gucci and Saint Laurent owner is splitting its chairman and CEO roles, bringing in Luca de Meo, a turnaround expert who has revived multiple automotive brands, to support the Pinault family.
Retail
Exclusive: Bata Group Names Panos Mytaros as New CEO
The former boss of Danish footwear brand Ecco will join Bata in September, taking over from Sandeep Kataria.
Exclusive: Bata Group Names Panos Mytaros as New CEO
The former boss of Danish footwear brand Ecco will join Bata in September, taking over from Sandeep Kataria.
Media
Elizabeth Paton to Succeed Lauren Indvik as FT’s Fashion Editor
Paton will oversee the Financial Times’ fashion and style coverage, as well as its annual Business of Luxury Summit. “I won’t be afraid to publish stories that elicit strong reactions and start big conversations,” she said.
Elizabeth Paton to Succeed Lauren Indvik as FT’s Fashion Editor
Paton will oversee the Financial Times’ fashion and style coverage, as well as its annual Business of Luxury Summit. “I won’t be afraid to publish stories that elicit strong reactions and start big conversations,” she said.
Beauty
Exclusive: Violet Grey Names Former Bluemercury Executive as Group President
Tracy Kline will join the boutique retailer and content platform as group president, effective June 9 as the company continues to ratchet up its growth strategy.
Exclusive: Violet Grey Names Former Bluemercury Executive as Group President
Tracy Kline will join the boutique retailer and content platform as group president, effective June 9 as the company continues to ratchet up its growth strategy.
Sports
Is Nike Finally Winning With Women?
With the bold marketing like the "So Win" campaign, a revamped leadership team under new brand president Amy Montagne and star power from A’ja Wilson, Nike’s long-promised women’s push is starting to stick.
Is Nike Finally Winning With Women?
With the bold marketing like the "So Win" campaign, a revamped leadership team under new brand president Amy Montagne and star power from A’ja Wilson, Nike’s long-promised women’s push is starting to stick.
Beauty
Kiko Milano Names Drew Elliott Chief Brand Officer
Elliott, formerly at MAC Cosmetics, will assume his new role at the Italian beauty line on Sept. 1., the company told BoF exclusively.
Kiko Milano Names Drew Elliott Chief Brand Officer
Elliott, formerly at MAC Cosmetics, will assume his new role at the Italian beauty line on Sept. 1., the company told BoF exclusively.
Retail
Nike CEO Finishes C-Suite Makeover With McDonald’s Executive
CEO Elliott Hill tapped Michael Gonda to lead communications amid turnaround efforts for the world's largest sportswear brand, Bloomberg reported.
Nike CEO Finishes C-Suite Makeover With McDonald’s Executive
CEO Elliott Hill tapped Michael Gonda to lead communications amid turnaround efforts for the world's largest sportswear brand, Bloomberg reported.
Luxury
Delphine Arnault Confirms Jonathan Anderson’s Dior Takeover
In a rare in-depth interview, the Dior chief executive talks to BoF’s Imran Amed about the logic for hiring Anderson to oversee both the men’s and women’s sides of the business and how the French mega-brand plans to recapture customers amid a sharp downturn in the luxury sector.
Delphine Arnault Confirms Jonathan Anderson’s Dior Takeover
In a rare in-depth interview, the Dior chief executive talks to BoF’s Imran Amed about the logic for hiring Anderson to oversee both the men’s and women’s sides of the business and how the French mega-brand plans to recapture customers amid a sharp downturn in the luxury sector.
Luxury
The BoF Podcast | Giancarlo Giammetti on Securing Valentino’s Legacy
Giancarlo Giammetti, co-founder of Valentino, sits down for an exclusive interview with BoF founder and CEO Imran Amed in Rome to discuss the early days of Valentino, the importance of protecting creativity in a fashion market that prioritises commercialisation, and why it is critical for the industry to support young designers who are overlooked by a fashion system under pressure.
The BoF Podcast | Giancarlo Giammetti on Securing Valentino’s Legacy
Giancarlo Giammetti, co-founder of Valentino, sits down for an exclusive interview with BoF founder and CEO Imran Amed in Rome to discuss the early days of Valentino, the importance of protecting creativity in a fashion market that prioritises commercialisation, and why it is critical for the industry to support young designers who are overlooked by a fashion system under pressure.
Luxury
Confirmed: Dior Artistic Director Maria Grazia Chiuri Steps Down
The Italian designer in charge of Dior’s womenswear is leaving the LVMH-owned megabrand after a transformative nine-year tenure during which sales quadrupled before being hit hard by a sharp downturn in luxury demand.
Confirmed: Dior Artistic Director Maria Grazia Chiuri Steps Down
The Italian designer in charge of Dior’s womenswear is leaving the LVMH-owned megabrand after a transformative nine-year tenure during which sales quadrupled before being hit hard by a sharp downturn in luxury demand.
The News in Brief
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.
Fabletics Seeks to Double Revenue to $2 Billion in Global Expansion
The US-based activewear brand plans to double annual revenue to $2 billion within five years, in part by opening dozens of new stores in markets such as India, Mexico and the United Arab Emirates.
On Sneaker Brand’s Shares Slump After Sales Disappoint
The Swiss brand's stock tumbled after it posted disappointing second-quarter sales and issued a slightly more cautious sales forecast for the year.