Saks Finalises Acquisition of Neiman Marcus Group
The $2.7 billion merger counts Amazon, G-III Apparel Group and Authentic Brands Group as investors.
leadership
Latest News & Analysis
The 10 Themes That Will Define the Fashion Agenda in the Year Ahead
From the luxury slowdown to shifting consumer tastes and unprecedented demographic shifts, The State of Fashion 2025 explores the biggest challenges and opportunities the industry will face in the coming year.
The BoF Podcast | Alessandro Michele and Jacopo Venturini on the New Valentino
At VOICES 2024, BoF editor-at-large Tim Blanks sits down with Alessandro Michele and Jacopo Venturini to understand their vision at Valentino, and discuss the emotional connection between creativity and business.
Lucien Pagès Joins The Independents
The agency founded by Paris public relations star Lucien Pagès is being acquired by the fashion communications giant that owns Karla Otto, Bureau Betak and more.
Luxury
Why Chanel Chose Matthieu Blazy
The designer, fresh off a star turn leading Bottega Veneta, succeeds Karl Lagerfeld and Virginie Viard as artistic director at the French couture and beauty giant, the industry’s most coveted creative post. Fashion president Bruno Pavlovsky breaks down the logic behind the historic choice.
Why Chanel Chose Matthieu Blazy
The designer, fresh off a star turn leading Bottega Veneta, succeeds Karl Lagerfeld and Virginie Viard as artistic director at the French couture and beauty giant, the industry’s most coveted creative post. Fashion president Bruno Pavlovsky breaks down the logic behind the historic choice.
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At Bottega Veneta: Blazy Out, Trotter In
Under Matthieu Blazy, the Italian leather goods label was a bright spot in Kering’s portfolio. Louise Trotter, who will leave Carven in late January, is set to replace him.
John Galliano to Exit Maison Margiela
The OTB-owned brand has enjoyed rapid growth as the star designer dialled up its creative impact and steadily redeemed his public image.
Altuzarra Founder Joseph Altuzarra to Step Into CEO Role
The brand’s CEO of five years, Shira Sue Carmi, will step down on Dec. 31; longtime chief operating officer Marta Lastra — recently promoted to president — will work closely with the designer to lead the company.
Kering Names New CEOs at Saint Laurent and Balenciaga
The company is shaking up its executive ranks again amid sliding sales. Balenciaga chief Cédric Charbit will lead Saint Laurent, to be replaced by Gianfranco Gianangeli.
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Beauty
Why the Dire State of Black Beauty Threatens the Entire Industry
A decade-plus of explosive gains for Black-owned brands has given way to a slowdown in everything from funding to representation to retail expansion — and the implications for beauty are far worse than loss of representation alone.
Why the Dire State of Black Beauty Threatens the Entire Industry
A decade-plus of explosive gains for Black-owned brands has given way to a slowdown in everything from funding to representation to retail expansion — and the implications for beauty are far worse than loss of representation alone.
BoF VOICES 2024 Global Livestream Full Agenda
Valentino’s Alessandro Michele and Jacopo Venturini join the speaker line-up at BoF VOICES 2024. Request your invitation to attend our annual gathering for big thinkers
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.
Partner Content
Milanese Momentum: How The Attico Turned Buzz Into Longevity
When Gilda Ambrosio and Giorgia Tordini founded their womenswear brand in 2016, the Italian designers generated both buzz and business instantly, landing 140 stockists and an approximately 80 percent sell-through rate in their first year. Eight years on, having navigated a global pandemic and on-going economic and market uncertainty, BoF sits down with The Attico’s leaders to learn about how they built a brand with creative and commercial longevity.
Milanese Momentum: How The Attico Turned Buzz Into Longevity
When Gilda Ambrosio and Giorgia Tordini founded their womenswear brand in 2016, the Italian designers generated both buzz and business instantly, landing 140 stockists and an approximately 80 percent sell-through rate in their first year. Eight years on, having navigated a global pandemic and on-going economic and market uncertainty, BoF sits down with The Attico’s leaders to learn about how they built a brand with creative and commercial longevity.
The News in Brief
Model Rights Bill Signed into Law in New York
The new law will give models working in the state greater protection from exploitation, harassment and AI.
L’Oréal Acquires South Korea’s Dr.G in Skincare Deal With Migros
French cosmetics giant L’Oréal said on Monday it had agreed to buy Gowoonsesang Cosmetics, which includes South Korean skincare brand Dr.G., from Swiss retailer Migros.
Boohoo Shareholders Vote to Block Mike Ashley From Joining Board
Investors representing 64% of Boohoo’s stock voted against appointing Ashley and Mike Lennon at a special meeting on Friday morning called by Ashley’s Frasers Group.
Walmart Says to Miss Climate Targets as Green Challenges Mount
Previous pledges to reduce operational greenhouse gas emissions by 65% by 2030 and 35% by 2025 are probably not achievable, and the company will consider reviewing its climate targets next year.
Lilly’s US Weight-Loss Drug Shortage Ends, Curtailing Copycats
Sales of cheaper compounded versions must stop within 90 days. Novo’s rival shots, Ozempic and Wegovy, remain in short supply.
Prada Group and EssilorLuxottica Renew Ten-Year Eyewear License
Building on an existing twenty-year partnership, Prada Group and the Franco-Italian eyewear conglomerate EssilorLuxottica have renewed their licensing agreement for ten years.
Sofie Pavitt Face Gets Picked Up By Sephora
The “acne whisperer” for A-list Gen Z celebrities inks her biggest retail partnership yet.