Hugo Boss Chairman to Step Down Amid Frasers Group Pressure
Stephan Sturm is stepping down, as the German fashion house's largest shareholder seeks to beef up its board representation alongside its takeover bid for the brand.
leadership
Luxury
Burberry Chair Says UK ‘Least Attractive Shopping Destination in Europe’
At an event organised by prime minister Rishi Sunak’s government, Gerry Murphy criticised the 2020 decision to end the UK’s tax-free shopping program and called Bexit a ‘drag on growth.’
Burberry Chair Says UK ‘Least Attractive Shopping Destination in Europe’
At an event organised by prime minister Rishi Sunak’s government, Gerry Murphy criticised the 2020 decision to end the UK’s tax-free shopping program and called Bexit a ‘drag on growth.’
Media
Vogue Ukraine Returns to Print
Over a year after the Russian invasion of Ukraine, Vogue Ukraine is back in print with a new commemorative issue. Called “The Road of Unbreakable,” it features 50 different profiles of prominent Ukrainian individuals in its portfolio titled “Heroes.”
Vogue Ukraine Returns to Print
Over a year after the Russian invasion of Ukraine, Vogue Ukraine is back in print with a new commemorative issue. Called “The Road of Unbreakable,” it features 50 different profiles of prominent Ukrainian individuals in its portfolio titled “Heroes.”
Beauty
Forma Brands Names New Leadership
Forma Brands, the parent company of Morphe and until recently Ariana Grande’s R.E.M Beauty, has been acquired by a group of lenders. To lead the transition, Cliff Moskowitz was named Forma Brands’ chief executive officer, the company announced. Moskowitz was the former CEO of the athletic apparel brand Outdoor Voices.
Forma Brands Names New Leadership
Forma Brands, the parent company of Morphe and until recently Ariana Grande’s R.E.M Beauty, has been acquired by a group of lenders. To lead the transition, Cliff Moskowitz was named Forma Brands’ chief executive officer, the company announced. Moskowitz was the former CEO of the athletic apparel brand Outdoor Voices.
Sustainability
Activists Renew Push for Fashion Workers’ Rights Bill
Political lobbyists, TikTok influencers and Amazon’s controversial union leader Chris Smalls gathered Tuesday morning in an unlikely alliance championing New York State’s Fashion Workers Act, a piece of legislation that would grant employment protections for models and other creatives in the industry.
Activists Renew Push for Fashion Workers’ Rights Bill
Political lobbyists, TikTok influencers and Amazon’s controversial union leader Chris Smalls gathered Tuesday morning in an unlikely alliance championing New York State’s Fashion Workers Act, a piece of legislation that would grant employment protections for models and other creatives in the industry.
Retail
Hong Kong’s Fung Group Weighs Retail Unit IPO in Singapore, Sources Say
Fung Group is exploring an initial public offering in Singapore for its retail brands unit that could value the business at about $500 million, according to people with knowledge of the matter.
Hong Kong’s Fung Group Weighs Retail Unit IPO in Singapore, Sources Say
Fung Group is exploring an initial public offering in Singapore for its retail brands unit that could value the business at about $500 million, according to people with knowledge of the matter.
Beauty
Revlon Cleared to Exit Bankruptcy With $2.7 Billion on Debt Reduction Deal
A US judge on Monday approved Revlon Inc’s reorganization plan, allowing the cosmetics maker to cut $2.7 billion from its debt and exit bankruptcy later this month.
Revlon Cleared to Exit Bankruptcy With $2.7 Billion on Debt Reduction Deal
A US judge on Monday approved Revlon Inc’s reorganization plan, allowing the cosmetics maker to cut $2.7 billion from its debt and exit bankruptcy later this month.
Sustainability
EU Starts Planning for 2040 Goals On Way to Climate Neutrality
The European Union started work on setting its 2040 climate goals, signaling future policies would require greener consumer lifestyles and more effort from businesses across the economy to meet climate neutrality by the middle of the century.
EU Starts Planning for 2040 Goals On Way to Climate Neutrality
The European Union started work on setting its 2040 climate goals, signaling future policies would require greener consumer lifestyles and more effort from businesses across the economy to meet climate neutrality by the middle of the century.
Retail
In the Background, Inditex Heiress Sets Tone for Zara Revamp
A year into chairing the world’s biggest fashion retailer, Marta Ortega is trying to shake up Zara owner Inditex’s fast-fashion image and draw in more aspirational shoppers.
In the Background, Inditex Heiress Sets Tone for Zara Revamp
A year into chairing the world’s biggest fashion retailer, Marta Ortega is trying to shake up Zara owner Inditex’s fast-fashion image and draw in more aspirational shoppers.
Luxury
DSquared, Roberto Cavalli Swap CEOs
Sergio Azzolari is joining Roberto Cavalli as its new CEO, effective April 2, the Italian brand said Thursday. The CEO of DSquared since 2017, Azzolari previously held roles at Tod’s, Luxottica, and Missoni.
DSquared, Roberto Cavalli Swap CEOs
Sergio Azzolari is joining Roberto Cavalli as its new CEO, effective April 2, the Italian brand said Thursday. The CEO of DSquared since 2017, Azzolari previously held roles at Tod’s, Luxottica, and Missoni.
Beauty
Would You Buy Lube From a Celebrity?
Christina Aguilera is the co-founder and chief brand advisor of Playground, a line that specialises in sexual wellness – a space that’s emerging as the next frontier for celebrity branding.
Would You Buy Lube From a Celebrity?
Christina Aguilera is the co-founder and chief brand advisor of Playground, a line that specialises in sexual wellness – a space that’s emerging as the next frontier for celebrity branding.
Luxury
Prada Aims to Hire Over 400 Workers in Italy This Year
Prada aims to hire more than 400 people in Italy by the end of the year to strengthen its production capacity and maintain growth, the Italian luxury group said on Thursday.
Prada Aims to Hire Over 400 Workers in Italy This Year
Prada aims to hire more than 400 people in Italy by the end of the year to strengthen its production capacity and maintain growth, the Italian luxury group said on Thursday.
China
Alibaba Considers Yielding Control of Some Businesses in Overhaul
Group CEO Daniel Zhang said the company’s breakup into separate businesses will allow its units to become more agile and eventually launch their own initial public offerings (IPO).
Alibaba Considers Yielding Control of Some Businesses in Overhaul
Group CEO Daniel Zhang said the company’s breakup into separate businesses will allow its units to become more agile and eventually launch their own initial public offerings (IPO).
The News in Brief
CFDA’s Steven Kolb Involved in Altercation with PETA Protestors
The trade body’s president physically restrained animal rights activists after they stormed a Cos runway show at New York Fashion Week.
GQ Philippines Names Danyl Geneciran Editor in Chief
The former Vogue Man Philippines editor will helm GQ’s 23rd international title, whose debut issue features covers starring Darren Criss, Jordan Clarkson and Erwan Heussaff.
Human Made Discloses $3.6 Million Undercover Purchase Price and Long-Term Financial Targets
The Tokyo-listed company will pay $3.6 million in cash for 100 percent of Undercover, with founder Jun Takahashi relinquishing corporate duties to focus solely on design.
Arizona Accuses L’Oréal of Concealing Cancer Risks Linked to Hair Relaxers
The beauty conglomerate faces over 12,000 similar lawsuits filed by individuals that have been consolidated in a Chicago federal court.
Space NK Names New CEO, Andy Lightfoot Steps Down
Chief marketing officer Emma Simpson-Scott will succeed Lightfoot, who is leaving the UK retailer after seven years at the helm.
EssilorLuxottica Managers Defend CEO After Heir Lashes Out
Twenty top lieutenants to CEO Francesco Milleri came to their boss’s defense in an escalating feud with Leonardo Maria Del Vecchio, a son of the founder who abruptly left a senior role at the company.
Zara Owner Looks to US for Next Phase of Growth
Inditex is investing in the US as a key growth market, CEO Oscar Garcia Maceiras told Reuters, with store revamps and new openings planned across its Zara, Massimo Dutti and Bershka brands.