Avon North America Acquired By Regent, Appoints New CEO
The legacy beauty brand's US and Canada divisions will join the investment firm's portfolio, which also includes Avon International.
leadership
Global Markets
Billionaire Cheng Family Seeks to Oust Giordano CEO After Failed Buyout
The family of Henry Cheng, Giordano’s top shareholder wants to appoint Colin Currie, whose previous roles include China managing director of Adidas AG, to the job.
Billionaire Cheng Family Seeks to Oust Giordano CEO After Failed Buyout
The family of Henry Cheng, Giordano’s top shareholder wants to appoint Colin Currie, whose previous roles include China managing director of Adidas AG, to the job.
Beauty
Estée Lauder CEO ‘Not Going Anywhere’ Despite 40% Drop in Shares
CEO Fabrizio Freda’s turnaround strategy for the company did not quiet suggestions from corners that another leader should execute the recovery plan.
Estée Lauder CEO ‘Not Going Anywhere’ Despite 40% Drop in Shares
CEO Fabrizio Freda’s turnaround strategy for the company did not quiet suggestions from corners that another leader should execute the recovery plan.
Retail
Gap Inc. Names Zac Posen Creative Director
The American designer is tasked with reinvigorating the company’s entire portfolio, working directly alongside its new CEO, Richard Dickson, BoF has learned. He’ll also play a more hands-on role at Old Navy as chief creative officer.
Gap Inc. Names Zac Posen Creative Director
The American designer is tasked with reinvigorating the company’s entire portfolio, working directly alongside its new CEO, Richard Dickson, BoF has learned. He’ll also play a more hands-on role at Old Navy as chief creative officer.
Luxury
Chanel Names New Asia Leaders as Senior Departures Pick Up
Chanel named two executives to replace Vincent Shaw, its Asia Pacific president, when he steps down later this year, as turnover picks up among members of the fashion house’s old guard.
Chanel Names New Asia Leaders as Senior Departures Pick Up
Chanel named two executives to replace Vincent Shaw, its Asia Pacific president, when he steps down later this year, as turnover picks up among members of the fashion house’s old guard.
Workplace & Talent
The BoF Podcast | Brandice Daniel on Making Room for Diversity in Fashion
The founder of Harlem’s Fashion Row looks back on her own journey in the industry, the progress made and how far it still has to go.
The BoF Podcast | Brandice Daniel on Making Room for Diversity in Fashion
The founder of Harlem’s Fashion Row looks back on her own journey in the industry, the progress made and how far it still has to go.
Beauty
Philippe Pinatel Joins Merit Beauty as CEO
The industry veteran will succeed Merit’s founder Katherine Power.
Philippe Pinatel Joins Merit Beauty as CEO
The industry veteran will succeed Merit’s founder Katherine Power.
Retail
The New H&M CEO’s Challenges: Wrong Product, Pricing and Channels.
In a surprising shakeup Wednesday, the Swedish fast fashion chain promoted longtime executive Daniel Ervér to CEO. Critics say his lack of outside experience will make it all the more difficult for H&M to embark on a necessary transformation.
The New H&M CEO’s Challenges: Wrong Product, Pricing and Channels.
In a surprising shakeup Wednesday, the Swedish fast fashion chain promoted longtime executive Daniel Ervér to CEO. Critics say his lack of outside experience will make it all the more difficult for H&M to embark on a necessary transformation.
Luxury
Op-Ed | Is It Time to Break Up Luxury Behemoth LVMH?
When Bernard Arnault presents LVMH’s annual earnings on Thursday, investors and analysts will be hanging on to his every word as they try to decipher the direction of top-end demand.
Op-Ed | Is It Time to Break Up Luxury Behemoth LVMH?
When Bernard Arnault presents LVMH’s annual earnings on Thursday, investors and analysts will be hanging on to his every word as they try to decipher the direction of top-end demand.
Luxury
LVMH’s Arnault Set to Propose Sons Alexandre, Frédéric for Company’s Board
Bernard Arnault plans to appoint two of his sons to the board of LVMH Moet Hennessy Louis Vuitton SE, as the French billionaire continues to groom his children to potentially lead the luxury empire he founded.
LVMH’s Arnault Set to Propose Sons Alexandre, Frédéric for Company’s Board
Bernard Arnault plans to appoint two of his sons to the board of LVMH Moet Hennessy Louis Vuitton SE, as the French billionaire continues to groom his children to potentially lead the luxury empire he founded.
Workplace & Talent
UK Fashion Industry Isn’t Making Progress on Leadership Diversity, Report Finds
The first-ever UK Fashion DEI Report calls for more robust diversity targets and for leaders to acknowledge the connection between inclusion and profitability.
UK Fashion Industry Isn’t Making Progress on Leadership Diversity, Report Finds
The first-ever UK Fashion DEI Report calls for more robust diversity targets and for leaders to acknowledge the connection between inclusion and profitability.
Beauty
Sephora Greater China Head Steps Down
Maggie Chan leaves after five years with no immediate replacement named as Sephora overhauls its China strategy.
Sephora Greater China Head Steps Down
Maggie Chan leaves after five years with no immediate replacement named as Sephora overhauls its China strategy.
Marketing
How Fashion Brands Can Survive the 2024 US Election Minefield
Few companies see an upside in wading into what’s shaping up to be a long, toxic campaign. But after years of socially conscious messaging they can’t fully disengage either.
How Fashion Brands Can Survive the 2024 US Election Minefield
Few companies see an upside in wading into what’s shaping up to be a long, toxic campaign. But after years of socially conscious messaging they can’t fully disengage either.
The News in Brief
Shein’s Purchase of Everlane Faces US National Security Review
A review by an interagency panel led by the US Treasury Department began after the $80 million transaction was completed in May, according to the people familiar with the matter.
Shein Sets IPO Date, Targets Up to $27 Billion Valuation
The company is set to debut on the Hong Kong stock exchange on Sept. 1 and is seeking to raise as much as $1.8 billion in its long-awaited IPO, according to a filing.
Marquee Brands to Acquire Roots in Go-Private Deal
The brand management company will add the Canadian lifestyle label to a growing portfolio that includes Roberto Cavalli and BCBG.
UK Retail Sales Drop for the First Time in Three Months
Scorching weather and fewer discounts discouraged shoppers and ended a recent rebound in consumer spending as retail sales fell for the first time since April.
Fashion CEO Hunsicker Gets Five Years for $300 Million Fraud
Christine Hunsicker, founder of the fashion-rental and technology company CaaStle Inc., was sentenced to five years in prison for defrauding investors out of $300 million.
Boohoo Fined $2.7 Million by French Watchdog Over Deceptive Discounts
Nearly half of the examined promotions were revealed to be price increases. The Debenhams-owned fast-fashion brand also used terms like ‘leather’ to sell synthetic products.
Report: Shein Postpones IPO to September
Shein has pushed back its market debut following a delay in taking investor orders for its Hong Kong IPO at a reduced valuation, the South China Morning Post reported.