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
Luxury
Kate Spade Names Jonathan Saunders Executive Creative Director
After years without a single creative leader, the Tapestry-owned brand is betting the Alexander McQueen and Calvin Klein alum can help reignite growth and sharpen its identity.
Luxury
Bottega Veneta Taps LVMH Fragrance Chief Romain Spitzer As CEO
Spitzer, a 20-year veteran of LVMH’s fragrance division, is joining the Kering-owned leather goods house after a lengthy CEO search.
Technology
Can Brands Replace Outside Consultants With AI?
As more fashion companies turn to generative artificial intelligence for tasks such as research and analysis, they’re reassessing which outside expertise is still necessary and worth paying for.
Retail
Report: Shein Executive Chairman to Step Down as IPO Nears Completion
Donald Tang, who has acted as the Western representative of secretive Shein founder Sky Xu, will transition to a senior adviser role.
Beauty
Estée Lauder Boosts Cost of Restructuring Moves to $1.75 Billion
The US conglomerate forecasts restructuring costs of $1.75 billion, up from $1.55 billion previously, owing to job cuts and workforce reductions in addition to other expenses.
Luxury
Tory Burch Names First Chief Brand Officer
Klitos Teklos previously held creative leadership roles at Sol de Janeiro, Estée Lauder Companies and Air Paris.
Beauty
Jones Road CEO Cody Plofker Steps Down
The marketing executive and son of founder Bobbi Brown announced his departure from the makeup and skincare label after a year and a half at the helm.
Beauty
Kiko Milano Names Global Executive Vice President of Brand
Marcello Mastrogiacomo joins the Italian cosmetics label from Gucci to lead global brand, communications and media.
Luxury
François-Henri Bennahmias to Launch New Luxury Swiss Watch Brand N3W5
The former Audemars Piguet chief secured a 30 million Swiss franc investment and involvement of enamelist Anita Porchet in a new luxury brand selling mechanical watches starting at 20,000 Swiss francs.
Beauty
South African Drugstore Empire Faces Succession Reckoning
As Dis-Chem’s chairman prepares to retire and current management rolls out ‘Health Hub’ concepts, investors are uncertain about the $1.7 billion pharmacy chain’s future.
Luxury
Face to Face With Luxury Clients
After a prolonged slowdown, luxury is gradually returning to growth, led by the US and China. Drawing on a survey of more than 2,000 clients and dozens of interviews across both markets, The Business of Fashion and McKinsey & Company find in the latest edition in our State of Fashion series a base of customers with increasingly distinct local preferences that nonetheless share an overarching desire for emotional connection.
Beauty
The BoF Podcast | Oura CEO on the Future of Health Intelligence
One month after filing for an IPO, Tom Hale joined Imran Amed at The Business of Beauty Global Forum to lay out the company’s central thesis: that Oura is building the world’s first large physiological model, ‘continuously monitoring your body, learning from your physiology and helping you make better decisions.’
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.