Next Upgrades Profit Outlook Again on Strong Summer Spending
The UK retailer said it benefited from sunny weather and the release of some “pent-up demand” in the Middle East and northern Europe.
social-media
China
Fendi, Omega, Hogan Tap New Chinese Celebrity Spokespeople
Chinese heartthrob, Gong Jun, celebrated Valentine’s Day earlier this week by becoming the global brand ambassador for Hogan.
Fendi, Omega, Hogan Tap New Chinese Celebrity Spokespeople
Chinese heartthrob, Gong Jun, celebrated Valentine’s Day earlier this week by becoming the global brand ambassador for Hogan.
Media
Hypebeast to Launch in Brazil
The media and lifestyle brand announced the launch of its Brazilian social media channel Hypebeast Brasil, a move that will expand its international presence beyond Asia, the Middle East and English-speaking markets.
Hypebeast to Launch in Brazil
The media and lifestyle brand announced the launch of its Brazilian social media channel Hypebeast Brasil, a move that will expand its international presence beyond Asia, the Middle East and English-speaking markets.
Luxury
Facebook, Instagram Are Hot Spots for Fake Louis Vuitton, Gucci and Chanel
The Meta-owned social media sites have become key marketplaces for counterfeit luxury goods.
Facebook, Instagram Are Hot Spots for Fake Louis Vuitton, Gucci and Chanel
The Meta-owned social media sites have become key marketplaces for counterfeit luxury goods.
Marketing
The Instagrammer Who Became a Fashion Powerbroker
A simple post by @upnextdesigner’s Albert Ayal can change a young designer’s career. But Ayal is as much a connector as a curator.
The Instagrammer Who Became a Fashion Powerbroker
A simple post by @upnextdesigner’s Albert Ayal can change a young designer’s career. But Ayal is as much a connector as a curator.
Global Markets
What’s Next for Japan’s Fashion Bibles?
Insiders say change is long overdue in Japan’s vibrant but rigid magazine industry where several iconic titles have folded despite print media being more insulated here than elsewhere.
What’s Next for Japan’s Fashion Bibles?
Insiders say change is long overdue in Japan’s vibrant but rigid magazine industry where several iconic titles have folded despite print media being more insulated here than elsewhere.
Technology
Report: TikTok Owner ByteDance’s Revenue Growth Slowed to 70% In 2021
TikTok owner ByteDance saw its total revenue grow by 70 percent year-on-year to around $58 billion in 2021, according to two people familiar with the matter, slower growth than a year earlier as China tightens its regulation of big tech companies.
Report: TikTok Owner ByteDance’s Revenue Growth Slowed to 70% In 2021
TikTok owner ByteDance saw its total revenue grow by 70 percent year-on-year to around $58 billion in 2021, according to two people familiar with the matter, slower growth than a year earlier as China tightens its regulation of big tech companies.
Marketing
Op-Ed | Sex Doesn’t Sell. Voyeurism Does.
‘Look, don’t touch’ is the ethos that pervades fashion’s exhibitionist post-pandemic look, argues Eugene Rabkin.
Op-Ed | Sex Doesn’t Sell. Voyeurism Does.
‘Look, don’t touch’ is the ethos that pervades fashion’s exhibitionist post-pandemic look, argues Eugene Rabkin.
Entrepreneurship
In New York, a New Model for Young Labels
Fledgling labels Susan Alexandra and Mirror Palais found traction with a model that melds Insta-friendly designs and direct-to-consumer sales with made-to-order local manufacturing.
In New York, a New Model for Young Labels
Fledgling labels Susan Alexandra and Mirror Palais found traction with a model that melds Insta-friendly designs and direct-to-consumer sales with made-to-order local manufacturing.
China
Xiaohongshu Bans 29 Brands Over ‘False Marketing’ Accusations
International beauty and skincare players, including Neutrogena, Nivea and Dove are said to be among those caught up in the crackdown.
Xiaohongshu Bans 29 Brands Over ‘False Marketing’ Accusations
International beauty and skincare players, including Neutrogena, Nivea and Dove are said to be among those caught up in the crackdown.
Luxury
Chanel’s TikTok Challenge
This week, Chanel’s advent calendar controversy was a wake-up call for luxury brands without a compelling TikTok strategy: engage or cede the power to positively shape the digital conversation about your brand.
Chanel’s TikTok Challenge
This week, Chanel’s advent calendar controversy was a wake-up call for luxury brands without a compelling TikTok strategy: engage or cede the power to positively shape the digital conversation about your brand.
Luxury
Chanel’s TikTok Controversy Won’t Stop Luxury’s Advent Calendar Craze
The French label’s $825 calendar may have been a Christmas flop, but brands still see an opportunity to leverage the tradition to generate marketing buzz in the lead up to the lucrative holiday shopping period.
Chanel’s TikTok Controversy Won’t Stop Luxury’s Advent Calendar Craze
The French label’s $825 calendar may have been a Christmas flop, but brands still see an opportunity to leverage the tradition to generate marketing buzz in the lead up to the lucrative holiday shopping period.
China
China’s Booming Luxury Market Won’t Be Smooth Sailing Next Year
As repatriation of luxury spend continues in 2022, domestic sales in China are expected to surpass 2019 levels by 90 to 110 percent, but that doesn’t mean brands can rest on their laurels amid government crackdowns and economic headwinds.
China’s Booming Luxury Market Won’t Be Smooth Sailing Next Year
As repatriation of luxury spend continues in 2022, domestic sales in China are expected to surpass 2019 levels by 90 to 110 percent, but that doesn’t mean brands can rest on their laurels amid government crackdowns and economic headwinds.
The News in Brief
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.
Amazon Loses US Court Ban on Perplexity’s AI Shopping Tools
The ruling is the first by a federal appeals court to address whether AI agents acting on behalf of users can legally access online platforms.
Report: Abercrombie to Seek Fresh Backers for China Business
The US-listed company is conducting a review of its Chinese assets and may sell a stake in the unit, which could be valued at several hundred million dollars, Bloomberg reported.
P&G to Buy Supplement Maker Thorne for $3.8 Billion
Shailesh Jejurikar, chief executive of the American personal care conglomerate, told CNBC it will acquire the line from LVMH-backed private equity firm L Catterton.
Eli Lilly to Offer Early Access to Next-Gen Obesity Drug to Some Patients
Eli Lilly said on Monday it would allow a limited number of patients to have early access to its experimental obesity drug, retatrutide, before its US FDA approval.
India’s Nykaa Posts Higher Quarterly Profit on Strong Beauty Demand, Fashion Growth
India’s FSN E-Commerce Ventures, which operates beauty and fashion retailer Nykaa, reported a more than three-fold rise in quarterly profit on Tuesday, boosted by strong growth in its beauty business and a sharp acceleration in fashion sales.
Ferragamo Returns to Profit as Relaunch Strategy Advances
The Italian luxury brand swung to a net profit for the first half after growing sales in the second quarter, with turnaround efforts particularly evident in its directly owned shops.