Hugo Boss Chairman to Step Down Amid Frasers Group Pressure
Stephan Sturm is stepping down, as the German fashion house's largest shareholder seeks to beef up its board representation alongside its takeover bid for the brand.
start-ups
Sustainability
Renewcell Was Poised to Lead Fashion’s Recycling Revolution. How Did It Fail?
The Swedish company was at the forefront of efforts to scale up supply of more sustainable materials. It filed for bankruptcy on Sunday.
Renewcell Was Poised to Lead Fashion’s Recycling Revolution. How Did It Fail?
The Swedish company was at the forefront of efforts to scale up supply of more sustainable materials. It filed for bankruptcy on Sunday.
Sustainability
Investment in Next-Gen Materials Rebounded to $500 Million in 2023
Following a sharp decline in 2022, investment in new eco-materials like plant-based leathers and bioengineered silks and wools grew nearly 10 percent last year, a new report found.
Investment in Next-Gen Materials Rebounded to $500 Million in 2023
Following a sharp decline in 2022, investment in new eco-materials like plant-based leathers and bioengineered silks and wools grew nearly 10 percent last year, a new report found.
Direct-to-Consumer
Everlane Still Wants to Be a $1 Billion Brand. Is That Even Possible?
Founder Michael Preysman and his investors are back in growth mode after implementing cost cuts and changes to the product mix last year. Whether Everlane can find a new leader to make it the sales juggernaut it's always dreamt of being will be a test case for whether late-stage start-ups can escape the direct-to-consumer curse.
Everlane Still Wants to Be a $1 Billion Brand. Is That Even Possible?
Founder Michael Preysman and his investors are back in growth mode after implementing cost cuts and changes to the product mix last year. Whether Everlane can find a new leader to make it the sales juggernaut it's always dreamt of being will be a test case for whether late-stage start-ups can escape the direct-to-consumer curse.
Retail
Rowing Blazers Acquired By Burch Creative Capital
The deal will inject new capital into the New York-based preppy streetwear brand, allowing it to expand its women’s assortment and move into a bigger flagship in Manhattan.
Rowing Blazers Acquired By Burch Creative Capital
The deal will inject new capital into the New York-based preppy streetwear brand, allowing it to expand its women’s assortment and move into a bigger flagship in Manhattan.
Beauty
Bobbi Brown on a Lifetime Perfecting the Natural Look
The makeup guru reflects on the origins of her signature minimalist aesthetic, and why she’s building her latest start-up, Jones Roads Beauty, differently than her Estée Lauder-owned namesake brand.
Bobbi Brown on a Lifetime Perfecting the Natural Look
The makeup guru reflects on the origins of her signature minimalist aesthetic, and why she’s building her latest start-up, Jones Roads Beauty, differently than her Estée Lauder-owned namesake brand.
Luxury
After Hitting a Few Moguls, Skiwear Brand Perfect Moment Goes Public
The skiwear brand staged a small IPO on Thursday to fund its growth plans, after struggling to line up investors in the private market.
After Hitting a Few Moguls, Skiwear Brand Perfect Moment Goes Public
The skiwear brand staged a small IPO on Thursday to fund its growth plans, after struggling to line up investors in the private market.
Retail
Pangaia’s Net Losses Surpassed $50 Million in 2022
The ‘materials science’ start-up, whose investors include funds backed by Will Smith and Leonardo DiCaprio, has struggled to sustain the momentum generated by its brightly coloured sweatsuits during the pandemic.
Pangaia’s Net Losses Surpassed $50 Million in 2022
The ‘materials science’ start-up, whose investors include funds backed by Will Smith and Leonardo DiCaprio, has struggled to sustain the momentum generated by its brightly coloured sweatsuits during the pandemic.
Entrepreneurship
Now, Anyone Can Be a Sneaker Designer
That’s the promise of Zellerfeld, a 3D-printing partner to Louis Vuitton and Moncler that’s becoming a platform for emerging designers to easily make and sell footwear of their own.
Now, Anyone Can Be a Sneaker Designer
That’s the promise of Zellerfeld, a 3D-printing partner to Louis Vuitton and Moncler that’s becoming a platform for emerging designers to easily make and sell footwear of their own.
Retail
How Brands Are Preparing for Life After Inflation
Lower consumer prices and pending interest rate cuts won’t completely solve fashion’s economic woes, but a rosier outlook this year gives brands a chance to drive profitable growth as consumer spending rebounds.
How Brands Are Preparing for Life After Inflation
Lower consumer prices and pending interest rate cuts won’t completely solve fashion’s economic woes, but a rosier outlook this year gives brands a chance to drive profitable growth as consumer spending rebounds.
Beauty
How Struggling Beauty Brands Can Course-Correct
A spate of shutterings, bankruptcies and layoffs are rocking the beauty industry. Going back to basics by not overcommitting to executive hires and over-the-top marketing campaigns may be the route out, experts say.
How Struggling Beauty Brands Can Course-Correct
A spate of shutterings, bankruptcies and layoffs are rocking the beauty industry. Going back to basics by not overcommitting to executive hires and over-the-top marketing campaigns may be the route out, experts say.
Sustainability
Are New Materials Ready to Go Mainstream?
A wave of high-profile failures has dampened the hype around biofabricated materials and ingredients, making this year a critical one for start-ups in the space to execute on scale-up plans.
Are New Materials Ready to Go Mainstream?
A wave of high-profile failures has dampened the hype around biofabricated materials and ingredients, making this year a critical one for start-ups in the space to execute on scale-up plans.
Entrepreneurship
In 2024, Investors Want Young Brands to Have It All
After a year that saw the investment coffers dry up in fashion and beauty, 2024 brings a renewed sense of hope — but only for brands that meet an exhaustive criteria.
In 2024, Investors Want Young Brands to Have It All
After a year that saw the investment coffers dry up in fashion and beauty, 2024 brings a renewed sense of hope — but only for brands that meet an exhaustive criteria.
The News in Brief
CFDA’s Steven Kolb Involved in Altercation with PETA Protestors
The trade body’s president physically restrained animal rights activists after they stormed a Cos runway show at New York Fashion Week.
GQ Philippines Names Danyl Geneciran Editor in Chief
The former Vogue Man Philippines editor will helm GQ’s 23rd international title, whose debut issue features covers starring Darren Criss, Jordan Clarkson and Erwan Heussaff.
Human Made Discloses $3.6 Million Undercover Purchase Price and Long-Term Financial Targets
The Tokyo-listed company will pay $3.6 million in cash for 100 percent of Undercover, with founder Jun Takahashi relinquishing corporate duties to focus solely on design.
Arizona Accuses L’Oréal of Concealing Cancer Risks Linked to Hair Relaxers
The beauty conglomerate faces over 12,000 similar lawsuits filed by individuals that have been consolidated in a Chicago federal court.
Space NK Names New CEO, Andy Lightfoot Steps Down
Chief marketing officer Emma Simpson-Scott will succeed Lightfoot, who is leaving the UK retailer after seven years at the helm.
EssilorLuxottica Managers Defend CEO After Heir Lashes Out
Twenty top lieutenants to CEO Francesco Milleri came to their boss’s defense in an escalating feud with Leonardo Maria Del Vecchio, a son of the founder who abruptly left a senior role at the company.
Zara Owner Looks to US for Next Phase of Growth
Inditex is investing in the US as a key growth market, CEO Oscar Garcia Maceiras told Reuters, with store revamps and new openings planned across its Zara, Massimo Dutti and Bershka brands.