Yui Chen Wins Hyerès Festival’s Top Fashion Prize
The Chinese designer won the grand prize for her airy, sculptural pieces at the 41st edition of the festival, which is undergoing a revamp under new leadership.
Luxury
How rapid change is reshaping the tradition-soaked luxury sector in Europe and beyond.
For Some Labels, Drops Are Still Working When Nothing Else Is
The model’s enduring success for streetwear brands and niche labels alike may be a lesson to those that have treated it simply as a marketing gimmick.
Moncler Hopes for Rebound in Second Half of 2020
Analysts on average expect Moncler's sales to fall by 6 percent in 2020, better than most rivals, because most of its sales take place towards the end of each year.
Gucci Is Pulling Further Back from Wholesale, and 6 Other Key Takeaways From Kering's Q1 Results
Kering Chief Financial Officer Jean-Marc Duplaix was hesitant to draw any conclusions about how a global recovery might look like from the few weeks of partially reopened stores in China.
LVMH's Q1 Results: What You Need to Know
How the luxury giant is preparing for a difficult year, and where it sees signs of growth.
Op-Ed | An Enlightened Post-Pandemic Consumer? Don’t Count on It.
Some believe coronavirus will prompt fashion consumers to reassess their values and shift spending away from fast fashion and luxury megabrands. They are wrong, argues Eugene Rabkin.
Rolex Joins Leading Watchmakers Withdrawing From Baselworld
The flagging event has already seen high-profile exits including Swatch Group, Patek Philippe and Chanel.
LVMH Cancels 2020 Prize Final, Launches Fund for Previous Winners
The €300,000 award will be split equally between the eight finalists.
To Survive, Luxury Fashion Must Hibernate
Companies should reduce their cost perimeters, keeping as many of their personnel and key assets as possible, while stopping virtually all manufacturing and sourcing, argues Luca Solca.
The New Normal: Survival Instincts Will Drive Business Adaptation
Economic recovery will be slow, forcing fashion players to ramp up resilience planning and adapt their operating models in order to survive, says The Business of Fashion and McKinsey’s Coronavirus Update to The State of Fashion 2020.
How Will Fashion Megabrands Handle the Next Phase of the Coronavirus Crisis?
This week, everyone will be talking about LVMH's assessment of the pandemic's impact, the prospect of extended lockdowns in the US and UK, and China's economic recovery. Get your BoF Professional Cheat Sheet.
The BoF Podcast: Sam McKnight on Why Fashion Is the ‘Eternal Optimist’
In the latest special edition of the BoF Podcast, celebrated hair stylist Sam McKnight talks to BoF Editor-at-Large Tim Blanks about the future of hairstyling and the fashion industry beyond the coronavirus pandemic.
Why the Clare Waight Keller-Givenchy Partnership Was Short-Lived
The artistic director joined the house three years ago.
THE NEWS IN BRIEF
Hublot Taps Ex-Audemars Piguet Chief François-Henri Bennahmias as Consultant
The move, which was facilitated by Jean Arnault, comes as Hublot undergoes a repositioning in a bid to reignite sales.
Chanel Extends Revamp as Fashion Head Pavlovsky Exits Board
The move follows CFO Philippe Blondiaux’s decision to retire at the end of this year after more than 15 years at Chanel.
Botswana Said to Near Agreement on Size of Its De Beers Stake
Ongoing talks between the nation’s government and Global Diamond Consortium are likely to see Botswana boost its stake in De Beers by 10 percent.
Rolex and Gold Were for US and Not Trump, Swiss Trade Chief Says
The goods delivered last November by a business delegation seeking relief from Trump’s onerous tariffs became a matter of national controversy in Switzerland.
Mike Ashley’s Frasers Boosts Position in Burberry
Frasers Group Plc now possesses over 7 percent of the British label’s voting rights, placing it on track to be the brand’s biggest investor.
Zankov Appoints Its First CEO
Jack Tobin is joining Diane von Furstenberg artistic director Henry Zankov’s namesake label as CEO and part owner.
LVMH, Kering Update Model Safety Guidelines
Nearly a decade since the luxury groups first published a charter of model protections, they are introducing new measures to protect those working in the industry.