Nike, Patagonia and Lululemon Join Group Battling Microfibre Pollution
Global environmental non-profit The Nature Conservancy has launched a new industry coalition to help apparel companies tackle microfibre pollution across their supply chains.
Li and Fung Group
Latest News & Analysis
Retail
The New Normal: A Darwinian Shakeout Will Create Fresh Opportunities
The crisis will shake out the weak, embolden the strong and accelerate the decline of those that were already struggling before the pandemic, compelling companies to evaluate divestment and acquisition opportunities and capture whitespaces that emerge from the reshuffle, says The Business of Fashion and McKinsey’s Coronavirus Update to The State of Fashion 2020.
News & Analysis
What’s Your 'Plan B' for Made in China?
US President Donald Trump’s tariff threats have put the importance of supply chain management into sharp focus. What are the sourcing hot spots that offer alternatives to Chinese production?
News & Analysis
Power Moves | Farfetch Announces Chief Fashion Officer, Neiman Marcus President Steps Down
This week, Farfetch appointed Holli Rogers to the newly created position of chief fashion officer, while the president of Neiman Marcus announced his exit from the company.
Global Markets
Fung Family Invests in Indian E-Commerce
ShopX has raised $35 million in a new round of funding from Fung Strategic Holdings Ltd.
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China
Li & Fung’s $1.1 Billion Strategic Divestment
The global trading and sourcing group is selling off its sweater, furniture and beauty product verticals in order to further simplify its business.
Retail
Exposing Asia’s Fashion Empires
The fortunes of many global brands are now in the hands of a few powerful families pondering what comes next for their fashion dynasties.
China
Li & Fung Profit Rises 16 Percent on Improved US Sales
Revenue from US customers like Target helped lift Li & Fung's first-half profit by 16 percent.
News & Analysis
Private Label Partnerships, the Deals that Keep Fashion Ticking
At a time when fashion companies are more focused on brand than ever before, private label manufacturers continue to flourish. BoF reports.
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News & Analysis
Power Moves | Lalonde Named CEO of SMCP, Trinity Appoints Cohen, Barrato Exits Brioni, Wilts Back to Boss
BoF compiles the most important professional moves of the week.
The News in Brief
Meta Bans Ads From TikTok on Its Apps
The policy bars ads from ByteDance, which remains in charge of key parts of TikTok, and extends to third-party advertisers running campaigns that link to TikTok.
Gap to Use Athleta Leader’s Exit to Rebuild Slumping Brand
The departure of Athleta’s CEO for Lululemon is a chance to ‘reimagine the brand’s path forward,’ Gap Inc. CEO Richard Dickson wrote in an internal memo viewed by Bloomberg.
Harvey Nichols’ Birmingham Store Will Close in January
The department store’s Leeds and Bristol outlets will be converted to the Flannels brand in a shake-up under Mike Ashley’s Frasers Group, which purchased the chain when it was put into administration in mid-August.
Zankov Appoints Its First CEO
Jack Tobin is joining Diane von Furstenberg artistic director Henry Zankov’s namesake label as CEO and part owner.
LVMH, Kering Update Model Safety Guidelines
Nearly a decade since the luxury groups first published a charter of model protections, they are introducing new measures to protect those working in the industry.
Lululemon Hires Athleta Head in Management Shakeup
Maggie Gauger is joining Lululemon as chief product officer as new CEO Heidi O’Neill looks to revive sales.
Levi’s Growth Slows After Marketing Misstep
The company lost out in its third quarter because of a decision to market baggy jeans over low rise, but still raised its sales outlook for the year.