Arnault Clan to Change LVMH Holding Structure to Ensure Control
Under the plan, the world’s biggest luxury group will be controlled by one entity, Agache SCA, after Christian Dior SE, one of the current holding companies of LVMH, is delisted.
leadership
News & Analysis
VOICES 2021 — Livestreaming Today
BoF VOICES is returning this year from Dec. 2 to 3 with a stellar lineup of speakers from the worlds of technology, business, politics, finance, science, health & wellness, philanthropy, activism, and of course, fashion.
Retail
Responsibility: How Can Luxury Balance Profit and With Purpose?
Can a business based on changing our clothes change its ways?
Workplace & Talent
Power Moves | Estée Lauder Names New China, North America Leads; Neiman Marcus Boosts Executive Ranks
Estée Lauder named Mark Loomis president for North America and Joy Fan head of China, while Neiman Marcus Group announced three new senior hires.
Workplace & Talent
The Chief Supply Chain Officer is the New C-Suite Star
Big brands are beefing up their executive ranks with experts who can ensure increasingly complex supply chains operate smoothly and sustainably.
Media
Ib Kamara to Be Honoured at Fashion Awards 2021
The Dazed Magazine editor in chief will receive the Isabella Blow Award for Fashion Creator at the ceremony on Nov. 29.
Workplace & Talent
Power Moves | Bottega Veneta’s New Creative Director; Versace’s Interim CEO
Mattheiu Blazy will succeed Daniel Lee, and Cedric Wilmote will helm Versace as it searches for Jonathan Akeroyd’s permanent successor.
Retail
Macy’s Says It Is Working With Alixpartners to Review Its Business Structure
Macy’s Inc said on Thursday it is working with consulting firm AlixPartners to review its business structure, just a month after activist investor Jana Partners urged the department store chain to sell its e-commerce business.
Workplace & Talent
Why Jewellery’s Diversity Problem Is So Hard to Fix
The industry is reckoning with a lack of opportunities for Black designers. But change comes slow in a world where money and connections often determine who has access to precious stones.
Retail
Asos Details Growth Plans After Last Month’s Shock CEO Departure
British online fashion retailer Asos laid out plans on Wednesday to double its profitability in the long-term as it seeks to restore investor confidence after abruptly parting ways with its chief executive.
Global Markets
Brazilian Mall Giant Iguatemi Names Cristina Betts CEO
Brazilian mall conglomerate Iguatemi Group has appointed Cristina Betts, its vice president of finance, as its new chief executive, effective Jan. 1, 2022.
Media
Kerstin Weng Named Head of Editorial Content for Vogue Germany
Condé Nast hired Weng, who has been the editor in chief of InStyle Germany since 2016, to lead the edition.
Workplace & Talent
Is Fashion Ready for a 4-Day Work Week?
Employee demands for unconventional schedules are here to stay and companies will need to think outside the box to make them work.
The News in Brief
JD Sports Says Nike Turnaround Is Only a Matter of Time
Dominic Platt, chief financial officer of the British sportswear retailer, told Reuters, ‘Much as there's a lot of talk about Nike, it's still the most popular brand out there and it's still a very strong brand.’
Chanel Plans to Keep Investing in China Despite Demand Downturn
CEO Leena Nair pointed to the brand’s recent renovation of its Plaza 66 boutique in Shanghai, calling China ‘a market where the clients understand sophistication, refinement.’
Meta Expected to Unveil Smart Glasses Without Camera
Smart glasses have become a target of criticism in recent months amid growing concerns they can be used to record people without their consent.
Record Global Fibre Production Pushes Fashion’s Environmental Footprint Higher
Planet-warming emissions associated with the raw materials used to make fashion, footwear and home textiles have risen 30 percent since 2019, according to a new report.
Novo Nordisk Looks to Target Hair Loss in Consumer Push
The maker of Ozempic and Wegovy seeks to expand its direct-to-consumer pharmaceutical business as rival Eli Lilly outpaces in weight-loss drugs.
On Targets High-Teens Growth Through 2029
The Swiss brand revealed its plan to keep up its momentum with new products in sports such as golf and its Mbappé-supported entry into football ahead of its investor day Tuesday.
Reference Festival to Host ‘Freie Kunst’ Event at Art Basel Paris
The event runs from Oct. 22 to 25 and will mix participants from art, fashion, music and technology as part of the festival’s tradition of a ‘radical and unhinged exchange of ideas,’ said Mumi Haiati, founder of the event’s organiser Reference Studios.