Another Lululemon Executive Exits Ahead of Incoming CEO
The departure of AI chief Ranju Das after less than a year in the role comes shortly after the chief strategy officer exited ahead of new chief executive Heidi O'Neill joining in September.
leadership
Beauty
Estée Lauder Withdraws Guidance, Cuts Dividends on China Uncertainties and New CEO
The embattled cosmetics group has pulled its fiscal 2025 outlook and amended its dividend payouts citing continued headwinds in China and its incoming new leadership, sending its stock down 16 percent.
Estée Lauder Withdraws Guidance, Cuts Dividends on China Uncertainties and New CEO
The embattled cosmetics group has pulled its fiscal 2025 outlook and amended its dividend payouts citing continued headwinds in China and its incoming new leadership, sending its stock down 16 percent.
Beauty
Stéphane de La Faverie Named CEO of Estée Lauder Companies
The longtime Lauder executive, who will take the top job on Jan. 1, 2025, will be tasked with strengthening the company’s weak post-pandemic recovery.
Stéphane de La Faverie Named CEO of Estée Lauder Companies
The longtime Lauder executive, who will take the top job on Jan. 1, 2025, will be tasked with strengthening the company’s weak post-pandemic recovery.
Workplace & Talent
How to Design Wellness Programmes Employees Actually Use
Rather than offering gym memberships and spa days as purely superficial perks, fashion firms must learn to treat wellness as a business tool that truly enhances employee happiness and productivity.
How to Design Wellness Programmes Employees Actually Use
Rather than offering gym memberships and spa days as purely superficial perks, fashion firms must learn to treat wellness as a business tool that truly enhances employee happiness and productivity.
Beauty
Report: Stéphane de La Faverie Named Estée Lauder CEO
According to the Wall Street Journal, de la Faverie, a longtime Lauder executive with close ties to its founding family, has been selected to succeed Fabrizio Freda.
Report: Stéphane de La Faverie Named Estée Lauder CEO
According to the Wall Street Journal, de la Faverie, a longtime Lauder executive with close ties to its founding family, has been selected to succeed Fabrizio Freda.
Beauty
Jane Lauder to Step Down at Estée Lauder Companies
Lauder, who currently serves as chief digital officer and executive vice president of enterprise marketing, will leave the company at the end of this year.
Jane Lauder to Step Down at Estée Lauder Companies
Lauder, who currently serves as chief digital officer and executive vice president of enterprise marketing, will leave the company at the end of this year.
Sports
Case Study | The Strategy That Brought Adidas Back From the Brink
Adidas has mounted one of the more remarkable turnarounds in recent memory after facing a crisis two years ago from the end of its Yeezy business. BoF spoke to chief executive Bjørn Gulden and other members of Adidas’ leadership to unpack how a series of bold decisions on products like its Samba sneaker, a move to refocus the brand on athletes and internal shifts brought Adidas back from the brink.
Case Study | The Strategy That Brought Adidas Back From the Brink
Adidas has mounted one of the more remarkable turnarounds in recent memory after facing a crisis two years ago from the end of its Yeezy business. BoF spoke to chief executive Bjørn Gulden and other members of Adidas’ leadership to unpack how a series of bold decisions on products like its Samba sneaker, a move to refocus the brand on athletes and internal shifts brought Adidas back from the brink.
Retail
Boohoo Rejects Criticism From Frasers Group as ‘Inaccurate and Unfair’
Boohoo has criticised Frasers Group’s attempt to install founder Mike Ashley as CEO, defending its debt refinancing strategy and emphasising the need for careful governance in leadership decisions.
Boohoo Rejects Criticism From Frasers Group as ‘Inaccurate and Unfair’
Boohoo has criticised Frasers Group’s attempt to install founder Mike Ashley as CEO, defending its debt refinancing strategy and emphasising the need for careful governance in leadership decisions.
News & Analysis
Why I’m Excited About BoF VOICES 2024
Join us at BoF VOICES from November 12-14 to learn from Jacquemus, Valentino and Skims
Why I’m Excited About BoF VOICES 2024
Join us at BoF VOICES from November 12-14 to learn from Jacquemus, Valentino and Skims
Luxury
Marie Leblanc Named Courrèges CEO
The former Victoria Beckham chief executive will succeed Adrien Da Maia, who led the Space Age brand’s turnaround with designer Nicolas Di Felice.
Marie Leblanc Named Courrèges CEO
The former Victoria Beckham chief executive will succeed Adrien Da Maia, who led the Space Age brand’s turnaround with designer Nicolas Di Felice.
Retail
Apple CEO’s Other Job: Helping Turn Nike Around
Apple chief Tim Cook, the longest-tenured member of Nike’s board of directors, is helping guide co-founder Phil Knight and executive chairman Mark Parker through one of the sportswear giant’s toughest years ever.
Apple CEO’s Other Job: Helping Turn Nike Around
Apple chief Tim Cook, the longest-tenured member of Nike’s board of directors, is helping guide co-founder Phil Knight and executive chairman Mark Parker through one of the sportswear giant’s toughest years ever.
Beauty
CVS Ousts CEO Karen Lynch
CVS Health has appointed David Joyner as its new CEO, replacing Karen Lynch amid ongoing financial struggles and shareholder unrest, as the company faces rising medical costs and missed earnings targets.
CVS Ousts CEO Karen Lynch
CVS Health has appointed David Joyner as its new CEO, replacing Karen Lynch amid ongoing financial struggles and shareholder unrest, as the company faces rising medical costs and missed earnings targets.
Retail
Boohoo CEO Steps Down and Begins Strategic Review of Company
Boohoo Group Plc Chief Executive Officer John Lyttle is stepping down as the struggling online retailer begins a strategic review that could potentially lead to a breakup of the company.
Boohoo CEO Steps Down and Begins Strategic Review of Company
Boohoo Group Plc Chief Executive Officer John Lyttle is stepping down as the struggling online retailer begins a strategic review that could potentially lead to a breakup of the company.
The News in Brief
Court Lets Trump Halt Tariff Exemption for Low-Cost Goods
In a decision on Thursday, a US trade court refused to disturb executive orders that lifted the ‘de minimis’ exemption for goods with a retail value of $800 or less.
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.
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.