Style Capital Acquires Alessandro Dell’Acqua’s N21
Financial details of the deal for the Milan-based brand weren’t disclosed.
leadership
Luxury
Hermès Men’s Artistic Director Véronique Nichanian Steps Down
The designer, who led the brand for 37 years, will present her last collection in January, a spokesperson for Hermès has confirmed.
News & Analysis
Awar Odhiang, Bryan Yambao, Susanna Lau and Pierce Abernathy Join the BoF VOICES 2025 Speaker Lineup
Riz Ahmed, Luca Guadagnino, DJ Black Coffee and June Sarpong are amongst the latest confirmed speakers for BoF’s annual gathering for big thinkers, now in its tenth year.
Luxury
Armani Names Deputy Managing Director and Long-time Giorgio Armani Ally as CEO
Giuseppe Marsocci, who has been with Armani for 23 years, takes over as the company searches for a buyer.
Technology
RTFKT Co-Founder Has Died
Benoît Pagotto, who co-founded the virtual fashion platform RTFKT that Nike acquired in 2021 and shuttered last year, passed away earlier this month, friends and associates confirmed.
Luxury
Kering CEO to Give Top Managers Initial Views of Ailing Business
Luca de Meo will hold a townhall meeting on Thursday to discuss potential paths to growth before some 300 business managers, Bloomberg reported.
Retail
Can Kim Kardashian Conquer Activewear?
The multi-hyphenate mogul is pushing into the activewear category with NikeSkims, a high-profile partnership that will test her brand-building power on an even bigger stage.
Luxury
Hermès’ Head of Investor Relations Is Stepping Down
Carole Dupont-Pietri is departing after 11 years at the French luxury house and will be replaced by Alexandra Boucheron of defence company Thales SA.
Retail
Vestiaire Collective Chief Executive Max Bittner Exits
CFO Bernard Osta, a former investment banker who joined the resale platform in 2021, will step into the top job, effective immediately.
Luxury
Exclusive: Matthieu Blazy’s Vision for Chanel, Revealed
With the season’s hottest debut, Blazy is charting new territory for Chanel — and fashion itself — fuelled by new insights into Gabrielle Chanel’s own creative process, the designer tells Tim Blanks in an in-depth global exclusive interview.
Beauty
Why Beauty Companies Keep Cutting Their Portfolios
As shoppers and investors alike tighten their purse strings, a renewed focus on proven, lasting brands and categories is thinning the herd.
Luxury
Yohji Yamamoto: ‘The Fashion Business Is Disappearing’
The 82-year-old punk poet anti-hero of fashion has grown a brand that now generates more than $200 million a year, but there is plenty he is angry about as he prepares his label for the future.
News & Analysis
Introducing The BoF 500 Class of 2025
Our newest BoF 500 members have demonstrated leadership, creativity, innovation and impact amid a fashion industry in a state of flux.
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.