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.
leadership
Luxury
Yoox Net-a-Porter’s Chief Executive to Step Down
Alison Loehnis, who joined the company in 2007, will leave her post as interim CEO and president in June as YNAP prepares to become part of Mytheresa’s newly formed luxury e-commerce group LuxExperience.
Yoox Net-a-Porter’s Chief Executive to Step Down
Alison Loehnis, who joined the company in 2007, will leave her post as interim CEO and president in June as YNAP prepares to become part of Mytheresa’s newly formed luxury e-commerce group LuxExperience.
Retail
Primark Says CEO Marchant Resigned Over Inappropriate Behaviour
The executive stepped down following an investigation into his behaviour toward a female employee, according to the fashion chain’s owner AB Foods.
Primark Says CEO Marchant Resigned Over Inappropriate Behaviour
The executive stepped down following an investigation into his behaviour toward a female employee, according to the fashion chain’s owner AB Foods.
Beauty
Supergoop’s Founder to Exit the Brand
Holly Thaggard, who founded the US-based suncare label in 2005, will assume a strategic advisor role, according to an internal company message.
Supergoop’s Founder to Exit the Brand
Holly Thaggard, who founded the US-based suncare label in 2005, will assume a strategic advisor role, according to an internal company message.
Beauty
The Debrief | What Happened to Pat McGrath Labs?
Once hailed as a billion-dollar beauty brand, Pat McGrath Labs is now facing an uncertain future. The Business of Beauty's Brennan Kilbane and Priya Rao join The Debrief to explore how creative genius doesn’t always translate into operational success.
The Debrief | What Happened to Pat McGrath Labs?
Once hailed as a billion-dollar beauty brand, Pat McGrath Labs is now facing an uncertain future. The Business of Beauty's Brennan Kilbane and Priya Rao join The Debrief to explore how creative genius doesn’t always translate into operational success.
Media
Dazed Editor-in-Chief IB Kamara to Step Down
Dazed editor-in-chief IB Kamara will step down from his role after four years at the helm, with his final issue set for publication in June, Dazed Media announced in a statement on Tuesday.
Dazed Editor-in-Chief IB Kamara to Step Down
Dazed editor-in-chief IB Kamara will step down from his role after four years at the helm, with his final issue set for publication in June, Dazed Media announced in a statement on Tuesday.
Luxury
Mugler Confirms Casey Cadwallader’s Exit, Names New Designer
Miguel Castro Freitas, a behind-the-scenes figure, will be named creative director of the L’Oréal-owned fashion and fragrance house.
Mugler Confirms Casey Cadwallader’s Exit, Names New Designer
Miguel Castro Freitas, a behind-the-scenes figure, will be named creative director of the L’Oréal-owned fashion and fragrance house.
Retail
Making Sense of This Week’s Big Fashion Bankruptcies
News of Forever 21 and Hudson’s Bay facing liquidation this week rang alarm bells for an industry already facing macroeconomic challenges this year. But their failures could have been avoided.
Making Sense of This Week’s Big Fashion Bankruptcies
News of Forever 21 and Hudson’s Bay facing liquidation this week rang alarm bells for an industry already facing macroeconomic challenges this year. But their failures could have been avoided.
Global Markets
Why BoF CROSSROADS 2025 is Exciting!
From April 10-11, BoF will bring together top business and creative leaders to examine the business opportunities for fashion, beauty and luxury brands in the Middle East, Central and South Asia, Southeast Asia, Africa and Latin America.
Why BoF CROSSROADS 2025 is Exciting!
From April 10-11, BoF will bring together top business and creative leaders to examine the business opportunities for fashion, beauty and luxury brands in the Middle East, Central and South Asia, Southeast Asia, Africa and Latin America.
Luxury
The BoF Podcast | Demna Takes Gucci, Versace’s New Chapter Begins
As Demna is set to become artistic director of Gucci, and Donatella Versace passes the baton to Dario Vitale after nearly three decades at the creative helm of Versace, the fashion industry is bracing for much-needed creative transformation. BoF founder and editor-in-chief Imran Amed and editor-at-large Tim Blanks unpack what this means for the wider industry.
The BoF Podcast | Demna Takes Gucci, Versace’s New Chapter Begins
As Demna is set to become artistic director of Gucci, and Donatella Versace passes the baton to Dario Vitale after nearly three decades at the creative helm of Versace, the fashion industry is bracing for much-needed creative transformation. BoF founder and editor-in-chief Imran Amed and editor-at-large Tim Blanks unpack what this means for the wider industry.
Luxury
Why Gucci Picked Demna
The era-defining Balenciaga designer will take the reins of Italy’s biggest luxury brand in a surprise shakeup of parent company Kering’s creative ranks. The French group is under pressure to turn around performance after profits tumbled 46 percent last year.
Why Gucci Picked Demna
The era-defining Balenciaga designer will take the reins of Italy’s biggest luxury brand in a surprise shakeup of parent company Kering’s creative ranks. The French group is under pressure to turn around performance after profits tumbled 46 percent last year.
Luxury
Dario Vitale to Succeed Donatella Versace as Chief Creative Officer of Versace
Donatella Versace will become chief brand ambassador after nearly three decades at the creative helm of the label founded by her late brother Gianni.
Dario Vitale to Succeed Donatella Versace as Chief Creative Officer of Versace
Donatella Versace will become chief brand ambassador after nearly three decades at the creative helm of the label founded by her late brother Gianni.
Beauty
Sephora Overhauls Asia Leadership After China Setback
The LVMH-owned speciality retailer has installed its chief executive officer, Guillaume Motte, to lead the company's Chinese operations after its president resigned at the end of last year amid muted sales.
Sephora Overhauls Asia Leadership After China Setback
The LVMH-owned speciality retailer has installed its chief executive officer, Guillaume Motte, to lead the company's Chinese operations after its president resigned at the end of last year amid muted sales.
The News in Brief
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.
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.