Pop Mart Quarterly Sales Fall Up to 50% as Labubu Fad Cools
Sales in the Americas fell 70 to 75 percent.
publishing
Media
Culture Trumps Politics at Phillip Picardi’s Out Magazine
With the release of his first issue at the LGBTQ publication, the editor-in-chief lays out his vision for rejuvenating the troubled title: influential voices, inclusivity and not reflexively playing into the news cycle.
News & Analysis
Babs Simpson, Taste-Making Fashion Editor at Vogue, Is Dead at 105
"She searched out Hemingway in Cuba, dressed Marilyn Monroe for her final sitting with Bert Stern and tromped through Ireland with Anjelica Huston
Media
New Hearst Magazines President Bets on ‘Content with Purpose’
Troy Young, who took the reins from David Carey in July, speaks exclusively to BoF about his vision for the publishing giant.
Global Markets
Condé Nast to Re-Launch Vogue in Greece
As the Greek edition prepares for a spring 2019 launch, editor-in-chief Thaleia Karafyllidou speaks to BoF exclusively about her vision and surprising developments in the Greek luxury market.
Media
Quartz Sold to Japanese Media Firm in Deal Worth up to $110 Million
Uzabase will acquire the fast-rising business publication from Atlantic Media as it looks to accelerate its overseas expansion.
News & Analysis
YouTube vs Instagram: Fashion’s Video Face-Off
In the brewing battle between YouTube and Instagram's new IGTV, which platform is better poised to win over the fashion market?
News & Analysis
Fashion Has Its Own Vices
Suffering from the perils of the 'greater fool' theory, Vice Media is being scrutinised for raising hundreds of millions of dollars with not enough to show for it. But fashion has its own set of heavily funded media brands with business models that may not be sustainable.
News & Analysis
Vice Shows the Perils of the ‘Greater Fool’ Theory
"Many believed that they could invest in Vice at ever-higher valuations because someone else...would pay an even loftier price."
News & Analysis
Publishers Are Trying to Become Ad Agencies. They Shouldn't.
Media companies should conduct more experiments with alternative revenue streams rather than churning out mediocre content for brands, argues Amy Odell.
News & Analysis
L’Uomo Vogue to Relaunch
Condé Nast Italia is bringing back Vogue Italia’s menswear publication as a biannual starting on June 12. Editor-in-chief Emanuele Farneti tells BoF about its fresh, fashion-centric perspective and international focus.
Sustainability
Porter Magazine Partners with Parley for the Oceans
In a collaboration that merges content, commerce and cause, Porter is dedicating its Summer Escape issue to plastic pollution and joins the AIR pledge to become a plastic-free publication by 2019.
News & Analysis
It's Not Just Facebook. Publishers Have Privacy Issues, Too.
Ad-supported publishers should explain more clearly that marketing powered by user data enables them to provide content for free. For many consumers, this is a worthwhile trade.
The News in Brief
Zegna to Take Summer Fashion Show to Beijing
The Italian label has continued to enjoy solid growth in China, defying a wider downturn in demand for European luxury. The June 11 presentation of its summer collection will be the latest in a series of travelling shows.
Beiersdorf Sales Slightly Miss Expectations on Nivea Weakness
The German consumer goods maker marginally missed market expectations for third-quarter sales growth on Tuesday, with its key Nivea brand posting a third straight quarterly sales decline.
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.
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.