Fayed Abuse Victims Seek Up to £150 Million From Harrods
The retailer currently has a £62 million provision set aside for redress payments, but victims’ lawyers say more is likely needed.
leadership
Retail
Macy’s Insider Spring to Replace Turnaround CEO Gennette Next Year
Macy’s Inc chief executive officer Jeff Gennette will retire next year after four decades with the U.S. department store chain, the company said on Wednesday and named insider Tony Spring as his successor.
Macy’s Insider Spring to Replace Turnaround CEO Gennette Next Year
Macy’s Inc chief executive officer Jeff Gennette will retire next year after four decades with the U.S. department store chain, the company said on Wednesday and named insider Tony Spring as his successor.
Retail
Inside Alibaba’s Restructuring Plan
Alibaba Group is planning to split into six units and explore fundraisings or listings for most of them, it said on Tuesday, in a major revamp as China vows to ease a sweeping regulatory crackdown and support its private enterprises.
Inside Alibaba’s Restructuring Plan
Alibaba Group is planning to split into six units and explore fundraisings or listings for most of them, it said on Tuesday, in a major revamp as China vows to ease a sweeping regulatory crackdown and support its private enterprises.
Retail
Next Agrees to Buy Cath Kidston Out of Administration
Next Plc has agreed to buy fashion and homeware brand Cath Kidston after the chain collapsed into administration in another casualty of Britain’s cost-of-living crisis.
Next Agrees to Buy Cath Kidston Out of Administration
Next Plc has agreed to buy fashion and homeware brand Cath Kidston after the chain collapsed into administration in another casualty of Britain’s cost-of-living crisis.
Retail
Report: Adidas, Beyoncé End ‘Ivy Park’ Partnership
Adidas AG and pop star Beyoncé have reportedly ended their partnership following disappointing sales, just as the German sportswear maker struggles with the fallout of the collapse of its Yeezy shoe alliance.
Report: Adidas, Beyoncé End ‘Ivy Park’ Partnership
Adidas AG and pop star Beyoncé have reportedly ended their partnership following disappointing sales, just as the German sportswear maker struggles with the fallout of the collapse of its Yeezy shoe alliance.
Retail
Inside The RealReal’s Big Reset
The luxury resale platform’s CEO John Korryl spoke with BoF exclusively about new revenue streams, consignment updates and other ways of reaching profitability after a decade of losses.
Inside The RealReal’s Big Reset
The luxury resale platform’s CEO John Korryl spoke with BoF exclusively about new revenue streams, consignment updates and other ways of reaching profitability after a decade of losses.
Beauty
Brazilian Beauty Giant Natura Proposes 32 Percent Cut to Management Pay
Brazilian cosmetics maker Natura & Co is seeking to cut executive pay by 32 percent as part of an overhaul aimed at restoring investor trust.
Brazilian Beauty Giant Natura Proposes 32 Percent Cut to Management Pay
Brazilian cosmetics maker Natura & Co is seeking to cut executive pay by 32 percent as part of an overhaul aimed at restoring investor trust.
Retail
US Brand Management Firm Bluestar Alliance Buys Scotch & Soda Label
Bluestar Alliance, a US brand management company, said on Monday it has acquired the Scotch & Soda clothing brand from its Dutch owner for an undisclosed sum.
US Brand Management Firm Bluestar Alliance Buys Scotch & Soda Label
Bluestar Alliance, a US brand management company, said on Monday it has acquired the Scotch & Soda clothing brand from its Dutch owner for an undisclosed sum.
Beauty
The Business of Beauty Global Forum: First Speakers Announced
Sephora’s Jean-André Rougeot, Nykaa’s Falguni Nayar, Isamaya Ffrench, Byredo’s Ben Gorham, Unilever Prestige’s Vasiliki Petrou, Monique Rodriguez of Mielle Organics, Glossier’s Kyle Leahy, and Jane Lauder will join BoF in Napa Valley from May 30 - 31, 2023.
The Business of Beauty Global Forum: First Speakers Announced
Sephora’s Jean-André Rougeot, Nykaa’s Falguni Nayar, Isamaya Ffrench, Byredo’s Ben Gorham, Unilever Prestige’s Vasiliki Petrou, Monique Rodriguez of Mielle Organics, Glossier’s Kyle Leahy, and Jane Lauder will join BoF in Napa Valley from May 30 - 31, 2023.
Luxury
SMCP Names Elina Kousourna CEO of Maje
Paris-based contemporary fashion group SMCP has named Elina Kousourna CEO of its second-biggest brand, Maje, moving the executive from its Fursac menswear division.
SMCP Names Elina Kousourna CEO of Maje
Paris-based contemporary fashion group SMCP has named Elina Kousourna CEO of its second-biggest brand, Maje, moving the executive from its Fursac menswear division.
Retail
Vans Knows You’re Sick of Their Shoes
For 15 years, the canvas sneaker giant rode a wave of teen demand for its classic styles, only to find itself on the outs when customers moved on to more innovative footwear. Will its new products drive growth again?
Vans Knows You’re Sick of Their Shoes
For 15 years, the canvas sneaker giant rode a wave of teen demand for its classic styles, only to find itself on the outs when customers moved on to more innovative footwear. Will its new products drive growth again?
Sustainability
UN Calls for ‘Everything, Everywhere, all at Once’ Climate Action
The report published today by the world’s leading climate science body, the United Nations Intergovernmental Panel on Climate Change, summarizes the panel’s output over the past five years, amounting to some 10,000 pages of dense scientific prose.
UN Calls for ‘Everything, Everywhere, all at Once’ Climate Action
The report published today by the world’s leading climate science body, the United Nations Intergovernmental Panel on Climate Change, summarizes the panel’s output over the past five years, amounting to some 10,000 pages of dense scientific prose.
Beauty
Applying Lessons From the Beauty Industry to a Department Store Turnaround
Sophia Hwang-Judiesch, who took the helm of the storied department story in September, is looking to find the sweet spot between leveraging new growth prospects and revamping brick-and-mortar.
Applying Lessons From the Beauty Industry to a Department Store Turnaround
Sophia Hwang-Judiesch, who took the helm of the storied department story in September, is looking to find the sweet spot between leveraging new growth prospects and revamping brick-and-mortar.
The News in Brief
Puig Acquires Sun Care Brand Isdin
The conglomerate bought its former partner’s 50 percent share to take full ownership of the Spanish skincare label.
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.
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.