Audemars Piguet to Certify Its Pre-Owned Watches Following Rolex
Whereas Rolex is both a buyer and seller of its second-hand watches through official retail partners, Audemars is setting up a marketplace where sellers set prices.
materials
Luxury
Why Feathers, Pony Hair and More Are Everywhere in Fashion
The industry, which has by and large abandoned fur, is finding new ways to cater to shoppers hungry for the same sort of luxe texture with fabrics like feather, pony hair and shearling.
Global Markets
Asia Feels Full Force of War-Fuelled Energy Crisis
Asia braces for deepening shortages as Iran war disrupts oil flows, sending everyday goods prices sharply higher across global supply chains.
Global Markets
The Debrief | How Oil Shock Fears Are Rippling Through Fashion
This week on The Debrief, BoF’s Shayeza Walid and Cathaleen Chen unpack why the war in Iran and disruption in the Strait of Hormuz matter to fashion — from synthetic fibre costs and factory energy shortages to freight surcharges and weakening consumer confidence.
Global Markets
India Textiles to Get US Benefits Like Bangladesh, Official Says
Textile exports to the US will receive the same benefits Washington has extended to Bangladesh, Commerce and Industry Minister Piyush Goyal said on Thursday.
Sustainability
Climate Inaction Puts 34% of Fashion Industry Profits at Risk
The financial implications of global warming are becoming increasingly difficult for corporate executives to ignore.
Beauty
Ontario Court Hands $750K Fine to Estée Lauder Over Use of ‘Forever Chemical’
An Ontario court has issued a $750,000 fine to Estée Lauder after the cosmetics company pled guilty to violating the Canadian Environmental Protection Act following the discovery of a 'forever chemical' in select eyeliner products.
Partner Content
At Ecoalf, Designing for the Future of Circular Fashion
Ecoalf is sharpening its circularity-first approach while expanding its global footprint. BoF sits down with its founder Javier Goyeneche to discuss the challenges and opportunities that lie ahead for the mission-driven brand that puts sustainability at the core of its business.
Global Markets
Worldview | India’s Textile Sector Struggles With Waste Management
This week’s round-up of global markets fashion business news also features Turkey’s EU Green Deal and Indonesia’s thrift boom.
Global Markets
Worldview | Indian Textile Exporters Seek Relief as US Tariffs Bite
This week’s round-up of global markets fashion business news also features Harrods’ China retreat, Mauritian garment factories and Ghana’s kente cloth.
Luxury
Gold Is Pricier Than Ever. Jewellers Are Getting Creative.
With gold at historic highs, designers are trading in 18 carat for sterling silver, silk cords and lab-grown diamonds — reshaping the definition of fine jewellery along the way.
Luxury
Gold Smashes $4,000 Milestone for First Time in Record Run
The precious metal rose to record highs as investors seeking cover from mounting geopolitical uncertainty piled into the safe haven.
Media
Condé Nast Goes Public With Fur Ban After Activists Target Executives
The Vogue publisher said it has long-standing guidelines that prohibit the use of new animal fur in most editorial and advertising content. These have now been made public.
The News in Brief
Mike Ashley’s Frasers Says It’s Taken Control of Hugo Boss
The British retail group has pushed its stake in the German apparel brand above 50 percent in a move that will turn Hugo Boss into a subsidiary of Frasers.
Shein Agrees to Pay $100 Million to Settle US FTC Probe
The settlement, equivalent to 44 percent of the ultra fast-fashion company’s second-quarter profit, is the latest blow amid regulatory and tax crackdowns in Europe and the US that have hampered Shein’s growth.
Kering Drops 12% as Luxury Braces for Tough Winter
The recovery long promised by luxury brands seems nowhere in sight, as the expansion of war in the Middle East, along with China’s tax crackdown on the wealthy, piled further pressure on the world’s biggest luxury conglomerates in the third quarter, and executives buckled in for a tough winter.
UK Retail Sales Fall 0.4% in September, More Than Forecast
Sales fell in September as above-average temperatures hit demand for autumn clothing.
Elle Launches Moroccan Edition
Hitting newsstands in October, the magazine marks Elle’s 51st international edition, published under licence by the Geomedia group.
David’s Bridal Plans Spinoff and IPO of AI Wedding Planning Platform Pearl
Pearl, a subsidiary of David’s Bridal, will own David’s Bridal and license its intellectual property back to the bridalwear brand. David’s Bridal CEO Kelly Cook will serve as Pearl’s CEO.
L’Oréal Sales Beat Expectations as Premium Products Surge
The French giant handily beat expectations on strong demand for hair products at salons and premium skincare from its dermatological division.