Puma Sales Slow Less Than Expected as Anta Partnership Advances
The German sportswear business is attempting to reboot its brand appeal to better compete with larger rivals Adidas and Nike.
leadership
Media
Thom Bettridge to Step Down as I-D Editor in Chief
Global editorial director Steff Yotka will succeed Bettridge, who is leaving to focus on his creative studio Content World.
Beauty
Shiseido’s Profits Recover in First Half Amid Turnaround
Growth turned positive in the second quarter, driven by key regions like the Americas, as the Japanese giant executes its yearlong restructuring plan.
News & Analysis
Del Vecchio Family Clashes Over $46 Billion Ray-Ban Fortune
Leonardo Del Vecchio tried to ensure the fortune he built as founder of EssilorLuxottica would survive him intact. Instead, family turmoil threatens to unravel his legacy.
Luxury
Opinion: Bernard Arnault Can’t Avoid the LVMH Succession Question
The founder and CEO of LVMH hit out at a six-part series in French daily Le Monde with an entertaining rebuttal but his missive isn’t the right way for Europe’s richest person to address a flashpoint for investors, writes Andrea Felsted.
Marketing
Stone Island’s CEO on Growing a Brand Without Selling Out
Robert Triefus believes his role as a brand leader is not to invent authenticity. It is to protect it and leave it stronger than it is found. Two years of brand tracking with BoF's advisory team, BoF Insights, confirmed Stone Island could grow without losing the authenticity that has defined it for more than four decades.
Beauty
Unilever Lifts Outlook on Strongest Volume Growth in Over A Decade
Unilever upgraded its annual forecast on Tuesday, as consumers reached for brands like Vaseline and Dove despite household budget concerns stemming from the Iran war.
Luxury
Bernard Arnault Joins X as LVMH CEO Fights Off Rumours of Family Disunity
French newspaper Le Monde published a six-part series last week on the tycoon, including alleged tensions among his family members driven by succession.
Retail
Skims Promotes Tracy Nguyen as Its First Chief Communications Officer
In the newly minted role, Nguyen will oversee entertainment, sports and brand partnerships, while continuing to lead Skims’ global communications.
Beauty
LVMH Appoints General Manager of Fragrance
Givenchy executive Yann Musquin will lead the group’s fragrance portfolio, succeeding longtime division head Romain Spitzer.
Beauty
Skincare Brand Prequel Appoints C-Suite
The dermatologist-developed label has named Nathalie Kristo as its first chief executive officer and Toral Patel as chief marketing officer.
Workplace & Talent
How Fashion Schools Are Recruiting a Sceptical Generation
Schools are updating curricula, strengthening ties with industry and expanding career support. But educators say success still depends on what students do with those opportunities.
Luxury
Chanel Appoints Hélène de Tissot CFO
The former Pernod Ricard finance executive will start at Chanel in October and officially take up the role of chief financial officer in January, replacing Philippe Blondiaux.
The News in Brief
Indian Fashion Retailer Trent Jumps as Quarterly Profits, Sales Rise
The Tata Group-owned business beat expectations, shoring up confidence in its fashion business after a period of sluggish performance.
Textured Haircare Brand The Mane Choice Names New CEO
Chasity Monroe has been appointed as the label’s chief executive as it undergoes a wider brand refresh.
APR Corp’s Quarterly Revenue Doubles on Skincare, Overseas Growth
The Korean firm and Medicube owner reported third quarter revenue growth of over 100 percent, mostly attributed to the expansion of its skincare range into new markets, channels and product categories.
Swan Beauty Names Chief Makeup Artist in Residence
Celebrity-makeup artist Ash K. Holm will join the “smart” mirror brand for a year-long partnership focusing on guidance and education.
Amorepacific Third-Quarter Revenue Rises 11%, Overseas Growth Cools
Revenue growth outpaced the previous quarter in the Korean conglomerate’s domestic market, but slowed internationally.
Hearst Magazines Names Juliana Stock President
Current president Debi Chirichella will be Hearst Magazine’s next chair.
Lilly Raises Sales Forecast, Widening Lead in Obesity Market
Eli Lilly & Co. raised its full-year sales forecast as demand for its blockbuster obesity and diabetes drugs continues to surge, giving the drugmaker more momentum as it expands into pills and develops even more powerful weight-loss treatments.