Naomi Campbell Wins Appeal Against Charity Trustee Ban
A London tribunal ruled that the misuse of funds at the charity the supermodel founded had been concealed from her.
News & Analysis
Fashion News, Analysis and Business Intelligence from the leading digital authority on the global fashion industry.
When Every Day Is a Sale, Stores Struggle to Catch Shoppers’ Eye
As American parents are expected to spend $507 on average on school-related items in the upcoming season, retailers are urged to look towards consumers for product cues.
Over 100 Models Petition Victoria’s Secret on Sexual Misconduct
Organised by the Model Alliance and signed by major models including a former Victoria’s Secret ‘Angel,’ the letter calls on the lingerie behemoth to commit to a new code of conduct.
Klarna Valued at $5.5 Billion in Funding Round
The Stockholm-based fintech company said it would invest proceeds to expand in the United States, where it was adding new customers at an annual rate of 6 million.
For J.C. Penney CEO, Debt Haunts Turnaround Bid
The ailing American department store chain's CEO is shifting the company's strategic priorities in attempts to tackle its $154 million first-quarter financial loss.
Boohoo Bids for Online Businesses of Karen Millen and Coast
The bid was the latest sign of the growing strength of Boohoo, whose online-only model has seen it register rapid growth at a time when a number of rivals are struggling to stay afloat.
Victoria’s Secret Hires Transgender Model Following Criticism
Amid criticism for its lack of diversity, the American lingerie seeks out its first transgender model.
Why Luxury Is Banking on Tomboy Influencers
In China, the likes of Gucci and Chanel are embracing female celebrities who have made waves with their androgynous style. Just don’t ask them about their sexuality.
Galvan to Launch Accessible Luxury Handbags
The London-based evening wear brand will offer a new line of clutches and small handbags priced between $450 and $895.
Can Farfetch Spend Its Way to Success?
This week, everyone will be talking about Farfetch's earnings, Copenhagen Fashion Week and the back-to-school shopping rush. Read our BoF Professional Cheat Sheet.
Barneys Considers Bankruptcy Loan With Great American Capital
Advisers to the high-fashion retailer held talks with the specialty finance firm, in addition to existing lenders at TPG Sixth Street Partners and Wells Fargo & Co., sources close to the matter said.
Why Beauty's Most Untouchable Social Media Brand Is Facing Challenges
Anastasia Beverly Hills founder Anastasia Soare talked to BoF about the brand’s future amidst growing pains in a sluggish makeup category flooded with new entrants.
Shopify Boosts Outlook on Strong Sales Performance
The Canadian e-commerce company reported second-quarter sales that beat analyst estimates and gave a more optimistic full-year outlook. Revenue grew 48 percent to $362 million.
THE NEWS IN BRIEF
Model Presley Gerber, Cindy Crawford’s Son, Dies Aged 27
The model had spoken publicly about a years-long struggle with depression and addiction.
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.
Arnault Drops Out of World’s Top 10 Richest as US Tech Dominates
The LVMH chairman’s net worth fell to $143 billion on Thursday, pulling him beneath Warren Buffett, Bloomberg reported.
EssilorLuxottica Starts Buyback to Bolster Stock After Heir Exit
The brand plans to buy back more than €800 million ($932 million) of stock, seeking to bolster investor confidence after a slide in its shares and the exit of an heir of the eyewear maker’s founder from his management roles.
US Consumer Confidence Hits Seven-Month Low on Worse Outlook
Looking ahead, consumers surveyed by the Conference Board expressed negative sentiment towards future job and income prospects.
EssilorLuxottica Founder’s Son Quits Management Roles After Reported Rift With CEO
Leonardo Maria Del Vecchio is stepping down as chairman of the Ray-Ban brand and as chief strategy officer, the company said, after reports of tensions with CEO Francesco Milleri.
US, Canada Still See Sticking Points Before Deadline for 50% Tariffs
Canadian and US negotiators are working against an Aug. 19 deadline to avert 50 percent tariffs on Canadian goods. While discussions remain constructive, significant work is still required to resolve key trade disputes.