Inditex’s Primark Competitor Lefties Lands in the UK
The low-cost clothing brand opened its first UK store in Liverpool on Thursday, with shops in Newcastle and Essex due to follow later this year.
leadership
Luxury
Versace Announces Revamped Leadership Team
The Capri-owned Italian label has appointed Caroline Deroche Pasquier communications chief and used the occasion to highlight the long list of key hires made by new CEO Emmanuel Gintzberger.
Versace Announces Revamped Leadership Team
The Capri-owned Italian label has appointed Caroline Deroche Pasquier communications chief and used the occasion to highlight the long list of key hires made by new CEO Emmanuel Gintzberger.
Beauty
Dior Beauty Veteran Jérôme Pulis Joins Augustinus Bader
Pulis is a major figure in the communications landscape, having worked to launch blockbuster perfumes like Sauvage, the world’s best-selling juice, during a 16-year tenure at Parfums Christian Dior.
Dior Beauty Veteran Jérôme Pulis Joins Augustinus Bader
Pulis is a major figure in the communications landscape, having worked to launch blockbuster perfumes like Sauvage, the world’s best-selling juice, during a 16-year tenure at Parfums Christian Dior.
Luxury
Frédéric Arnault Named CEO of LVMH Watches
The newly created role will see the second-youngest son of LVMH chairman and CEO Bernard Arnault oversee the conglomerate’s TAG Heuer, Hublot and Zenith brands.
Frédéric Arnault Named CEO of LVMH Watches
The newly created role will see the second-youngest son of LVMH chairman and CEO Bernard Arnault oversee the conglomerate’s TAG Heuer, Hublot and Zenith brands.
Luxury
The BoF Podcast | Diane von Furstenberg on the Power of a Little Dress
Diane von Furstenberg looks back on her barrier-breaking career with longtime friend Deepak Chopra at BoF VOICES 2023.
The BoF Podcast | Diane von Furstenberg on the Power of a Little Dress
Diane von Furstenberg looks back on her barrier-breaking career with longtime friend Deepak Chopra at BoF VOICES 2023.
Retail
Lululemon Seeks Distance From Founder Chip Wilson’s Diversity Comments
“I think through this whole diversity and inclusion thing that they have become — trying to become like the Gap, everything to everybody,” Wilson, 68, told Forbes. “You’ve got to be clear that you don’t want certain customers coming in.”
Lululemon Seeks Distance From Founder Chip Wilson’s Diversity Comments
“I think through this whole diversity and inclusion thing that they have become — trying to become like the Gap, everything to everybody,” Wilson, 68, told Forbes. “You’ve got to be clear that you don’t want certain customers coming in.”
Technology
The Best of BoF 2023: The AI Revolution
In the year since it exploded onto the market, generative AI is already promising to reshape how brands create products and interact with customers. But it’s not the only technology that had an impact in 2023.
The Best of BoF 2023: The AI Revolution
In the year since it exploded onto the market, generative AI is already promising to reshape how brands create products and interact with customers. But it’s not the only technology that had an impact in 2023.
Global Markets
Worldview: Temu Files New Lawsuit Against Rival Shein
This week’s round-up of global markets fashion business news also features interest payments outpace spending on clothes in Korea, Alibaba loses senior cloud executive as uncertainty persists and COP28 ends with deal on a transition away from fossil fuels.
Worldview: Temu Files New Lawsuit Against Rival Shein
This week’s round-up of global markets fashion business news also features interest payments outpace spending on clothes in Korea, Alibaba loses senior cloud executive as uncertainty persists and COP28 ends with deal on a transition away from fossil fuels.
Luxury
Exclusive: Audemars Piguet’s Maverick CEO Gets the Last Word
François-Henry Bennahmias faced down doubters as he leveraged popular culture to transform Audemars Piguet’s business. Ahead of his departure from the now-$2.6 billion brand next week, Bennahmias revisits his triumphs and setbacks, and hints at his start-up ambitions.
Exclusive: Audemars Piguet’s Maverick CEO Gets the Last Word
François-Henry Bennahmias faced down doubters as he leveraged popular culture to transform Audemars Piguet’s business. Ahead of his departure from the now-$2.6 billion brand next week, Bennahmias revisits his triumphs and setbacks, and hints at his start-up ambitions.
Luxury
Rolex Reseller Chrono24 Taps Zalando Executive as CEO
The online reseller of luxury watches named Carsten Keller, an executive from online retailer Zalando, as its new chief executive officer.
Rolex Reseller Chrono24 Taps Zalando Executive as CEO
The online reseller of luxury watches named Carsten Keller, an executive from online retailer Zalando, as its new chief executive officer.
Luxury
Chloé Hires New CEO
Laurent Malecaze, currently chief executive of British menswear label Dunhill, will replace Riccardo Bellini, who is set to exit Chloé at the end of the year.
Chloé Hires New CEO
Laurent Malecaze, currently chief executive of British menswear label Dunhill, will replace Riccardo Bellini, who is set to exit Chloé at the end of the year.
Luxury
ReSee Taps Vestiaire Collective Co-Founder as CEO
Sebastien Fabre will lead the Paris-based vintage start-up as it seeks to scale its platform and extend sourcing operations to the US.
ReSee Taps Vestiaire Collective Co-Founder as CEO
Sebastien Fabre will lead the Paris-based vintage start-up as it seeks to scale its platform and extend sourcing operations to the US.
Luxury
Chanel’s Three Pillars for the Future
At The Business of Fashion’s VOICES 2023 gathering, Chanel’s global CEO Leena Nair outlined to BoF founder Imran Amed the vision she’s crafted during her first two years leading the iconic brand.
Chanel’s Three Pillars for the Future
At The Business of Fashion’s VOICES 2023 gathering, Chanel’s global CEO Leena Nair outlined to BoF founder Imran Amed the vision she’s crafted during her first two years leading the iconic brand.
The News in Brief
David Pemsel to Step Down as British Fashion Council Chairman
The UK fashion trade body has yet to name a successor.
Samsung Ordered to Pay Swatch $11.6 Million Over Copied Smartwatch Apps
The Swiss watchmaker initially sought about $170 million from the Korean technology giant for failing to prevent apps that mimicked its luxury brands on its smartwatch displays.
Kohl’s Turnaround Stalls as Sales Growth Stagnates
Kohl’s turnaround attempt showed some progress after the retailer raised its annual earnings outlook, but it still doesn’t see sales growth this year.
Abercrombie Sees Record Shares Jump After Guidance Lift
Abercrombie & Fitch Co. shares rallied after revenue topped estimates and the retailer raised its annual earnings guidance, suggesting the preppy apparel company is regaining momentum.
Dolce & Gabbana Seeks to Raise Cash in Exchange for Debt Waiver
Dolce & Gabbana is seeking to raise cash using transactions outside the Italian fashion house’s day-to-day business after banks agreed to waive terms governing its debt as demand for luxury goods stays weak.
Mexican Makeup Label Sarelly Raises $3 Million
The funding will be used to power the brand’s expansion into the US, including a nationwide rollout in Target’s Beauty Studio.
Bath & Body Works Lifts Annual Profit Forecast on Digital Demand
The US fragrance giant raised its full-year profit forecast and beat estimates for second-quarter results, benefiting from demand for its products on digital channels, despite a decline in store traffic.