Shein Outsells British Rival Asos as UK Revenue Hits $3.41 Billion
The ultra-fast fashion company said sales had been bolstered by marketing partnerships with music festivals, a pop-up shop on London’s Oxford Street and local Christmas gift events.
luxury / Travel & Hospitality
Luxury
Icicle: Capturing Interest in Chinese Brands
Executive president Louise Xu explains how the Shanghai-based quiet luxury label is tapping rising interest in Chinese brands, its novel retail concept and the differences between Chinese and Western consumers.
Luxury
Face to Face With Luxury Clients
After a prolonged slowdown, luxury is gradually returning to growth, led by the US and China. Drawing on a survey of more than 2,000 clients and dozens of interviews across both markets, The Business of Fashion and McKinsey & Company find in the latest edition in our State of Fashion series a base of customers with increasingly distinct local preferences that nonetheless share an overarching desire for emotional connection.
Partner Content
How Edition Hotels Is Winning Over the Next Generation of Luxury Travellers
Marriott International’s Edition brand has expanded into new destinations and experiential offerings to meet the shifting demands of affluent travellers.
Partner Content
The Shangri-La Paris Hotel Refreshes Its Experiential Luxury Offering
Under new leadership, the luxury five-star hotel in the French capital is developing fresh food and beverage concepts and an updated wellness offering to appeal to local and global consumers alike. BoF sits down with the hotel’s general manager to learn more.
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Partner Content
The Art of Memory-Making: Inside The Ritz-Carlton’s Experience-Led Strategy
Luxury travel is being reshaped by a demand for discretion, individuality and deeper connection. In an interview with Tina Edmundson, president of luxury at Marriott International, BoF examines how The Ritz-Carlton has built its reputation on anticipating the needs of its guests, with service and personalisation at the centre of the experience.
Partner Content
Monos’ Strategy for Loyalty Beyond the Suitcase
From suitcases to experiential retail, luggage specialist Monos is expanding its footprint beyond travel to build community and cultural relevance along the way. Here, BoF sits down with its co-founder and CEO, Victor Tam, to learn more.
Luxury
Can Langosteria Become a Global Brand?
CEO Enrico Buonocore discusses the high-end seafood restaurant’s expansion strategy as it opens a new flagship in Palazzo Fendi in Milan, ahead of openings in London and Sardinia.
Luxury
London’s Luxury Hotels Have Hit Their Price Ceiling
With more luxury openings driving up supply and economic uncertainty tamping down demand, top London hotels are recalibrating their prices.
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Luxury
Inside the First Dior Spa in the US
The opening of the multi-level space atop Dior’s New York flagship is the latest move in the brand’s push into spas.
Luxury
Saudi Arabia Bets on Nature in Latest Tourism Play
The kingdom is investing billions in transforming a mountainous province the size of Austria into a luxury tourism destination.
Luxury
Is $4,000 a Night for a Hotel Room the New Normal?
Prices have skyrocketed at luxury hotels, especially in top leisure markets. Will they ever come down?
Luxury
$50,000-a-Night Resort Signals Africa’s Future in Luxury Travel
Capital from billionaire business moguls and Middle Eastern royals is pouring into Africa, filling a funding gap left by banks, as a new wave of ultra-luxury developments reshapes the continent’s hospitality landscape.
The News in Brief
Nike, Patagonia and Lululemon Join Group Battling Microfibre Pollution
Global environmental non-profit The Nature Conservancy has launched a new industry coalition to help apparel companies tackle microfibre pollution across their supply chains.
Meta Bans Ads From TikTok on Its Apps
The policy bars ads from ByteDance, which remains in charge of key parts of TikTok, and extends to third-party advertisers running campaigns that link to TikTok.
Gap to Use Athleta Leader’s Exit to Rebuild Slumping Brand
The departure of Athleta’s CEO for Lululemon is a chance to ‘reimagine the brand’s path forward,’ Gap Inc. CEO Richard Dickson wrote in an internal memo viewed by Bloomberg.
Harvey Nichols’ Birmingham Store Will Close in January
The department store’s Leeds and Bristol outlets will be converted to the Flannels brand in a shake-up under Mike Ashley’s Frasers Group, which purchased the chain when it was put into administration in mid-August.
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.
Lululemon Hires Athleta Head in Management Shakeup
Maggie Gauger is joining Lululemon as chief product officer as new CEO Heidi O’Neill looks to revive sales.