French luxury conglomerate Kering has appointed Ewa Abrams as president of its Americas division, succeeding Laurent Claquin, who recently became chief brand officer at the group level. Abrams brings extensive experience from her 17-year tenure at Tiffany & Co., where she forged a notable career before joining Kering Americas as general counsel in 2018. As […]
Burberry’s CEO Shake-Up, Explained
On Monday, Burberry named a new CEO — Joshua Schulman, the former leader of Coach, then Michael Kors — after comparable retail sales tumbled 21 percent in its first fiscal quarter. The British luxury brand’s latest attempt to push upmarket under chief executive Jonathan Akeroyd and creative director Daniel Lee has struggled to gain traction […]
Macy’s Ends Buyout Talks With Activist Investors
Macy’s has put an end to the buyout talks with activist investors Arkhouse Management and Brigade Capital. The discussions, aimed at taking the department store chain private in a $6.9 billion deal, failed to reach a conclusion owing to uncertainties around financing and valuation. Macy’s stock took a significant hit, dropping 13% to $16.62 from […]
The Technology Behind On’s Newest ‘Super Shoe’
In the sportswear industry, cutting-edge technology is what sets brands apart. The Swiss brand On, known for its innovative approach, is launching a game-changing product. Their proprietary CloudTec technology, inspired by a co-founder’s creative touch using a garden hose, has already made waves, turning running into a sensation akin to “running on clouds.” On’s latest […]
Amazon Prime Day Sales to Hit Record $14 Billion
Shoppers are projected to spend approximately $14 billion during Amazon’s Prime Day, a two-day event this week, according to Adobe Analytics. This reflects a 10.5% increase in spending compared to Prime Day 2023. Amazon initiated Prime Day a decade ago, typically in July, and it now accounts for 1% to 2% of the company’s net […]
Swatch Shares Plunge as Profit Falls 70% on China Weakness
Swatch Group AG’s shares fell the most in four years after sales and profit plunged amid a China-led slowdown for Swiss watchmakers and other luxury companies. The group, whose brands include Omega, Blancpain, and jeweler Harry Winston, reported a 70 percent drop in operating profit and a 14 percent drop in sales for the first […]
Lewis Hamilton Named Dior Ambassador
Dior has named Lewis Hamilton as its latest brand ambassador. The seven-time Formula 1 champion and fashion influencer has collaborated with Dior men’s artistic director Kim Jones to co-design a collection of clothing and accessories set to debut in October, the company announced Monday. This new partnership comes as Dior’s parent company, LVMH, intensifies its […]
What Fashion Retail Professionals Need to Know Today
Discover the latest industry insights for fashion retail professionals to excel in job interviews, promotions, or enhance workplace performance through increased market awareness. At BoF Careers, we curate business intelligence from our editorial briefings, newsletters, case studies, podcasts, and events to offer key takeaways tailored to your retail job function. This includes exciting live job […]
Burberry Replaces CEO as High-End Push Falters
Burberry’s CEO change signals a deep shift in its strategy as the iconic British trench coat maker grapples with challenges in the luxury market. Joshua Schulman, who once led Michael Kors, Coach, and Jimmy Choo, will replace Jonathan Akeroyd, effective immediately. This move comes after Burberry’s share price nearly halved since Akeroyd took the reins […]
Laneige Partners with WNBA Team Phoenix Mercury
The Phoenix Mercury is the latest team to attract interest from the beauty industry, announcing K-beauty label Laneige as its official skincare partner, The Business of Fashion has learned. For Laneige, the deal constitutes a well timed entry into the league which has recorded unprecedented TV viewership, stadium attendance and commercial interest since the season […]