Reformation Valued at $886 Million in NYSE Debut
The Permira-backed womenswear retailer and some of its shareholders had raised $211 million in its IPO on Wednesday, with shares opening at $15 apiece.
supply-chain
Partner Content
Creating a Dialogue With Consumers Through Connected Products
Michele Casucci, founder and GM of Certilogo, gathered global executives from the fashion and luxury sectors onsite at BoF VOICES 2024 to discuss how digital product passport technology can support brands in building a dialogue with consumers.
Creating a Dialogue With Consumers Through Connected Products
Michele Casucci, founder and GM of Certilogo, gathered global executives from the fashion and luxury sectors onsite at BoF VOICES 2024 to discuss how digital product passport technology can support brands in building a dialogue with consumers.
Global Markets
How Fashion Is Shaking Up Its Global Sourcing Strategies
Rising costs, evolving trade policies and shifting political winds are pushing brands to diversify their sourcing in Asia and laying the foundations for more manufacturing closer to home, as detailed in the BoF-McKinsey State of Fashion 2025.
How Fashion Is Shaking Up Its Global Sourcing Strategies
Rising costs, evolving trade policies and shifting political winds are pushing brands to diversify their sourcing in Asia and laying the foundations for more manufacturing closer to home, as detailed in the BoF-McKinsey State of Fashion 2025.
News & Analysis
The State of Fashion 2025: Challenges at Every Turn
The ninth annual State of Fashion report by McKinsey & Company and BoF Insights, The Business of Fashion’s data and advisory team, reveals that economic and geopolitical challenges, combined with shifts in customer values, will define a turbulent year ahead. Download the full report to understand the 10 themes that will shape the industry and the opportunities for growth in 2025.
The State of Fashion 2025: Challenges at Every Turn
The ninth annual State of Fashion report by McKinsey & Company and BoF Insights, The Business of Fashion’s data and advisory team, reveals that economic and geopolitical challenges, combined with shifts in customer values, will define a turbulent year ahead. Download the full report to understand the 10 themes that will shape the industry and the opportunities for growth in 2025.
Retail
This Week: Fashion’s Stake in the US Election
The industry has mostly tried to stay out of a close, bitter race, while quietly preparing for a potential Trump victory.
This Week: Fashion’s Stake in the US Election
The industry has mostly tried to stay out of a close, bitter race, while quietly preparing for a potential Trump victory.
Partner Content
In Singapore, Optimising Asian Supply Chains for Growth
The economic focus of the industry is evolving as apparel markets shift in the face of new consumer realities worldwide. But how should global businesses reconsider their Asian supply chains as a result of these shifts, and what structure of regional supply will enable brands to capitalise on Southeast Asia’s growth?
In Singapore, Optimising Asian Supply Chains for Growth
The economic focus of the industry is evolving as apparel markets shift in the face of new consumer realities worldwide. But how should global businesses reconsider their Asian supply chains as a result of these shifts, and what structure of regional supply will enable brands to capitalise on Southeast Asia’s growth?
Sustainability
US Labor Department Reaches Out to Employer Group Amid Possible Port Strike
The strike, which could start as early as Oct. 1, could result in the closure of some of the busiest ports in the US, including the port of New York and New Jersey.
US Labor Department Reaches Out to Employer Group Amid Possible Port Strike
The strike, which could start as early as Oct. 1, could result in the closure of some of the busiest ports in the US, including the port of New York and New Jersey.
Sustainability
Inside Luxury’s Italian Sweatshops Problem
An Italian probe linking luxury labels including Dior and Armani to labour exploitation — with the supply chains of up to a dozen more brands under the microscope — has exposed a seedy practice deeply embedded in the luxury system, creating an unpredictable PR crisis at a precarious time for the sector, a BoF investigation has found.
Inside Luxury’s Italian Sweatshops Problem
An Italian probe linking luxury labels including Dior and Armani to labour exploitation — with the supply chains of up to a dozen more brands under the microscope — has exposed a seedy practice deeply embedded in the luxury system, creating an unpredictable PR crisis at a precarious time for the sector, a BoF investigation has found.
Sustainability
Milan Proposes Supply-Chain Database Amid Sweatshops Probe
The Prefecture of Milan is aiming to beef up the fashion sector’s monitoring systems after an investigation by Milanese prosecutors found labour exploitation in the supply chains of luxury brands including Armani and Dior. The scheme currently in draft would be voluntary and limited to the Lombardy region.
Milan Proposes Supply-Chain Database Amid Sweatshops Probe
The Prefecture of Milan is aiming to beef up the fashion sector’s monitoring systems after an investigation by Milanese prosecutors found labour exploitation in the supply chains of luxury brands including Armani and Dior. The scheme currently in draft would be voluntary and limited to the Lombardy region.
Partner Content
The Supima Design Competition Showcases Fashion’s Next Generation at New York Fashion Week
Through partnerships with leading fashion schools across the US and a robust and growing network of alumni, the Supima Design Competition is setting up emerging design talent for success.
The Supima Design Competition Showcases Fashion’s Next Generation at New York Fashion Week
Through partnerships with leading fashion schools across the US and a robust and growing network of alumni, the Supima Design Competition is setting up emerging design talent for success.
Global Markets
Bangladesh Garment Industry Short on Cotton as Floods Worsen Protest Backlog
Garment factories in Bangladesh, one of the world’s biggest clothing production hubs, are struggling to complete orders on time as flooding disrupts their cotton supplies - exacerbating a backlog caused by recent political turmoil.
Bangladesh Garment Industry Short on Cotton as Floods Worsen Protest Backlog
Garment factories in Bangladesh, one of the world’s biggest clothing production hubs, are struggling to complete orders on time as flooding disrupts their cotton supplies - exacerbating a backlog caused by recent political turmoil.
Retail
H&M’s Big Bet on Fashion’s Elusive Middle
In an exclusive interview, CEO Daniel Ervér outlined his strategy to turn the Swedish fast-fashion giant’s greatest weakness – its positioning above Shein but below Zara in the category’s pricing hierarchy – into a strength. It all kicks off with a collection due out next month.
H&M’s Big Bet on Fashion’s Elusive Middle
In an exclusive interview, CEO Daniel Ervér outlined his strategy to turn the Swedish fast-fashion giant’s greatest weakness – its positioning above Shein but below Zara in the category’s pricing hierarchy – into a strength. It all kicks off with a collection due out next month.
Global Markets
Bangladesh Garment Factories Reopen After Interim Government Appointed
Factories in the world’s second-largest garment exporting country reopened on Wednesday hoping to swiftly resume operations after production was disrupted by violent protests that ousted the prime minister.
Bangladesh Garment Factories Reopen After Interim Government Appointed
Factories in the world’s second-largest garment exporting country reopened on Wednesday hoping to swiftly resume operations after production was disrupted by violent protests that ousted the prime minister.
The News in Brief
Puig Reports First-Half Revenue Growth After Estee Lauder Talks End
The Spanish beauty company reported first-half revenue growth on strong demand for makeup from Charlotte Tilbury.
Canada Goose Beats Revenue Estimates as Demand Holds Up
The outerwear brand beat expectations for first-quarter revenue, but new US tariffs on Canadian could affect future earnings.
Steven Madden Tops Expectations and Lifts Full-Year Outlook
The retailer raised its full-year revenue forecast again as its integration of luxury brand Kurt Geiger last year provided a tailwind.
Reformation and Its Backers Raise $210.9 Million in IPO
The womenswear brand and shareholders including private-equity backer Permira raised new funds in an IPO that priced shares at the bottom of the marketed range.
Adidas Shares Plunge After World Cup Spend Dents Profit
Shares in the company fell the most on record after its marketing outlay for the World Cup resulted in lower-than-expected quarterly profit.
British Fashion Council to Boost UK Fashion Beyond London
The new national initiative, Fashion Britain, aims to increase growth, innovation and participation in the industry across key cities.
Hermès’ Chief Watches China’s Pork Prices to Gauge Luxury Demand
When it comes to gauging the possibility of a sales rebound for his luxury group in China, Hermès executive chairman Axel Dumas turns to an unusual metric.