Ulta Beauty Raises 2026 Guidance as Sales Rise 8.9%
The beauty retailer’s fiscal second-quarter growth was driven by fragrance, K-beauty and store expansion, said CEO Kecia Steelman.
leadership
Luxury
Confirmed: Gabriela Hearst to Exit Chloé
The designer’s last show for the Richemont-owned house will be on September 28. No successor has been named.
Confirmed: Gabriela Hearst to Exit Chloé
The designer’s last show for the Richemont-owned house will be on September 28. No successor has been named.
Retail
Adidas HR Chief Latest Board Member to Leave Since Arrival of Gulden as CEO
Adidas said on Wednesday that its HR chief Amanda Rajkumar would leave the company this month after less than three years in the role, becoming the third board member to do so since Bjorn Gulden took over as CEO.
Adidas HR Chief Latest Board Member to Leave Since Arrival of Gulden as CEO
Adidas said on Wednesday that its HR chief Amanda Rajkumar would leave the company this month after less than three years in the role, becoming the third board member to do so since Bjorn Gulden took over as CEO.
Luxury
Imran Amed & Luca Solca: How Big Luxury Dominates Fashion
Courtesy of System Magazine, BoF’s Imran Amed and Bernstein analyst Luca Solca discuss how the biggest French luxury companies dominate the fashion industry. ‘They control the whole ecosystem; they have a lock on it.’
Imran Amed & Luca Solca: How Big Luxury Dominates Fashion
Courtesy of System Magazine, BoF’s Imran Amed and Bernstein analyst Luca Solca discuss how the biggest French luxury companies dominate the fashion industry. ‘They control the whole ecosystem; they have a lock on it.’
Beauty
Advent’s Tricia Glynn on Finding the Winning Ingredients for Beauty’s Deal-Makers
From her vantage point as managing partner at a global private equity firm, Glynn explores for The State of Fashion: Beauty the enduring opportunities beauty provides investors.
Advent’s Tricia Glynn on Finding the Winning Ingredients for Beauty’s Deal-Makers
From her vantage point as managing partner at a global private equity firm, Glynn explores for The State of Fashion: Beauty the enduring opportunities beauty provides investors.
Luxury
Tommy Hilfiger President Steps Down
After 24 years at Tommy Hilfiger, Avery Baker, the brand’s president and chief brand officer, is stepping down. Baker announced her departure in a LinkedIn post on Monday.
Tommy Hilfiger President Steps Down
After 24 years at Tommy Hilfiger, Avery Baker, the brand’s president and chief brand officer, is stepping down. Baker announced her departure in a LinkedIn post on Monday.
Luxury
Alexandre de Betak to Become Creative Chairman at The Independents
The move comes as Karla Otto-owner The Independents, which acquired Bureau Betak in 2021, raises $400 million in funding to fuel ambitions to double in size by 2025.
Alexandre de Betak to Become Creative Chairman at The Independents
The move comes as Karla Otto-owner The Independents, which acquired Bureau Betak in 2021, raises $400 million in funding to fuel ambitions to double in size by 2025.
News & Analysis
BoF VOICES 2023 Is Coming: First Speakers Announced
Chanel’s Global CEO Leena Nair, Bottega Veneta creative director Matthieu Blazy, and Fast Retailing’s John Jay will share their insights at BoF’s annual gathering for big thinkers.
BoF VOICES 2023 Is Coming: First Speakers Announced
Chanel’s Global CEO Leena Nair, Bottega Veneta creative director Matthieu Blazy, and Fast Retailing’s John Jay will share their insights at BoF’s annual gathering for big thinkers.
Beauty
Boohoo Urges Revolution Beauty to Call General Meeting Over Board Changes
Boohoo, Revolution Beauty’s top shareholder, urged the beauty products retailer to call for a general meeting without further delay to remove executives including CEO Bob Holt from the board, a day after he was reappointed.
Boohoo Urges Revolution Beauty to Call General Meeting Over Board Changes
Boohoo, Revolution Beauty’s top shareholder, urged the beauty products retailer to call for a general meeting without further delay to remove executives including CEO Bob Holt from the board, a day after he was reappointed.
Beauty
Revolution Beauty Re-Appoints CEO to Board Defying Shareholder Boohoo’s Wish
Revolution Beauty on Tuesday announced the re-appointment of chief executive officer Bob Holt to the board of the UK-based beauty products retailer just after its annual meeting, against shareholder Boohoo’s requisition.
Revolution Beauty Re-Appoints CEO to Board Defying Shareholder Boohoo’s Wish
Revolution Beauty on Tuesday announced the re-appointment of chief executive officer Bob Holt to the board of the UK-based beauty products retailer just after its annual meeting, against shareholder Boohoo’s requisition.
Beauty
Amyris CEO John Melo Departs
John Melo, the CEO of biotechnology company and beauty operator Amyris, is leaving his post as CEO and the company’s board of directors, according to a statement.
Amyris CEO John Melo Departs
John Melo, the CEO of biotechnology company and beauty operator Amyris, is leaving his post as CEO and the company’s board of directors, according to a statement.
Beauty
Harry Styles’ Pleasing Taps Shaun Kearney as CEO
Pleasing, founded by musician Harry Styles, has tapped Shaun Kearney, former chief design and merchandising officer at Gwyneth Paltrow’s Goop as its first CEO.
Harry Styles’ Pleasing Taps Shaun Kearney as CEO
Pleasing, founded by musician Harry Styles, has tapped Shaun Kearney, former chief design and merchandising officer at Gwyneth Paltrow’s Goop as its first CEO.
Retail
Rihanna Steps Down as CEO at Her Savage X Fenty Lingerie Brand
Music star Rihanna is stepping away from the chief executive role at her lingerie brand, Savage X Fenty, five years after she created it and has announced a fashion executive to take her place.
Rihanna Steps Down as CEO at Her Savage X Fenty Lingerie Brand
Music star Rihanna is stepping away from the chief executive role at her lingerie brand, Savage X Fenty, five years after she created it and has announced a fashion executive to take her place.
The News in Brief
Nike Hires Walmart Veteran Ewing as Chief Commercial Officer
Jane Ewing, who was most recently interim chief executive officer for Sam’s Club in China, will join Nike on Sept. 7.
Gap Replaces Old Navy CEO After Bigger-Than-Expected Sales Drop
Former Target and Walmart veteran Michael Francis, known in the industry as a marketing guru, will succeed current Old Navy CEO Horacio Barbeito on Nov. 2.
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.
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.