In a decisive move on December 20, 2024, Boohoo shareholders demonstrated their determination to maintain control over the company by voting against the appointment of Mike Ashley and his associate Mike Lennon to the board. This decision marked a significant setback for Ashley, the founder of Sports Direct, who has been actively seeking to expand […]
Walmart Says to Miss Climate Targets as Green Challenges Mount
Walmart Inc., the world’s largest retailer, has announced that it anticipates failing to meet its previously established climate targets. The company aimed to reduce its operational greenhouse gas emissions by 65% by 2030 and by 35% by 2025. However, several challenges, notably the availability of low-cost clean technologies, have slowed Walmart’s progress in achieving these […]
The BoF Podcast | Alessandro Michele and Jacopo Venturini on the New Valentino
In a compelling episode of the BoF Podcast, editor-at-large Tim Blanks engages with Alessandro Michele, the newly appointed creative director of Valentino, alongside Jacopo Venturini, the brand’s CEO. This discussion, held at BoF VOICES 2024, offers a unique glimpse into the synergy of creativity and business that drives the iconic Roman couture house. A Reunion […]
Will Shein’s IPO Make it in 2025?
The ultra-fast-fashion giant Shein is making headlines once again as it seeks to go public, a move anticipated to be the biggest listing in London in years. However, the company faces significant hurdles that could complicate or even derail its Initial Public Offering (IPO) plans. Despite its impressive growth, controversies surrounding Shein’s business practices and […]
The Business of Beauty Haul of Fame: Skincare’s Secret Weapon
In the bustling world of skincare, one small laboratory in Orlando, Florida, is stirring significant interest with its innovative formulations. KKT Innovation Labs is the brainchild of Dr. Krupa Koestline, a millennial cosmetic chemist and biomedical engineer who is redefining how beauty products are created, merging science with the popularity of social media trends. Founded […]
The Top 10 Stories that Shaped Fashion in 2024
As we approach the end of 2024, the fashion landscape has undergone significant transformations, echoing broader societal changes and industry trends. Here’s a closer look at the pivotal stories that not only defined this year but are poised to shape the fashion agenda in 2025. 1. Chanel’s Leadership Shift The summer saw the departure of […]
Nike Told to Compensate Workers in High-Profile Labour Controversy
In a recent development that has raised crucial questions about corporate responsibility and ethical sourcing, the sportswear giant Nike has been found wanting in its labour practices. An independent investigation commissioned by the Fair Labor Association (FLA) has revealed significant shortcomings regarding the treatment of workers at a supplier factory in Thailand. This case, which […]
Fashion Wakes Up to the ‘Silver Generation’ Opportunity
The landscape of the fashion industry is at a crossroads. Traditionally, brands have focused their marketing efforts on younger demographics, believing them to be the drivers of growth. However, a significant shift is underway. The BoF-McKinsey State of Fashion report for 2025 highlights the increasing influence of the ‘Silver Generation’—consumers aged 50 and over—who are […]
5 Takeaways from Nike’s Earnings
Nike’s recent earnings report highlighted both the challenges and the potential for recovery under the leadership of its new CEO, Elliott Hill. The sportswear giant is navigating a complex market landscape, striving to rediscover its identity while responding to evolving consumer preferences. Here are five key takeaways from Nike’s latest quarter that provide insight into […]
Lilly’s US Weight-Loss Drug Shortage Ends, Curtailing Copycats
Eli Lilly & Co. has made significant strides in resolving the shortage of its prominent diabetes and weight-loss drugs, Mounjaro and Zepbound, in the United States. This development has crucial implications for the growing market for compounded medications—often seen as cheaper alternatives to brand-name drugs. As the United States Food and Drug Administration (FDA) confirmed […]