In a world increasingly dominated by online shopping, a surprising trend has emerged: brick-and-mortar resale stores are flourishing in the United States. This resurgence is not an isolated phenomenon but rather a collective response to evolving consumer preferences and economic pressures. As secondhand shops gain ground, they prove that physical retail has significant advantages over […]
Designer Rosita Missoni Dies at 93
The fashion world bids farewell to Rosita Missoni, the Italian designer and co-founder of the iconic Missoni fashion house, who passed away at 93 years of age. Together with her husband, Ottavio Missoni, Rosita made significant contributions to the fashion industry, carving out a distinctive niche known for its vibrant colors and intricate patterns. Founded […]
Why the Obesity Drug Revolution Is a Work in Progress
The introduction of GLP-1 weight-loss drugs has transformed the landscape of obesity treatment, presenting an opportunity for millions seeking effective solutions. Drugs like Novo Nordisk’s Wegovy and Eli Lilly’s Zepbound are at the forefront of this revolution, promising significant health benefits and garnering billions in revenue for their manufacturers. However, as promising as they are, […]
US Dockworkers, Port Employers Set to Restart Talks Next Week
Contract negotiations between dockworkers and port employers in the United States are scheduled to resume on January 7, with both sides aiming to avoid a strike that could significantly impact major East and Gulf Coast ports. This negotiation is crucial since those ports manage approximately half of the country’s container volumes, according to the American […]
Rolex Hikes Watch Prices by as Much as 8% After Gold Surges
Rolex SA, the world’s preeminent luxury Swiss watch brand, has implemented substantial price increases on selected models due to a notable rise in gold prices. As of January 1, 2025, the Geneva-based manufacturer has raised prices by up to 8 percent on various models, particularly those constructed from precious metals. This strategic decision aligns with […]
The Best of BoF 2024: The Big Beauty M&A Year That Wasn’t
In 2024, the beauty industry anticipated a significant surge in mergers and acquisitions (M&A), yet the reality unfolded quite differently. Instead of a flurry of deals, major conglomerates chose to exercise caution, remaining on the sidelines even as a number of attractive brands initiated their sales processes. This year saw notable brands like Kosas, Rare […]
The 10 Themes That Will Define the Fashion Agenda in the Year Ahead
As we step into the new year, the fashion industry finds itself grappling with a spectrum of uncertainties. Insights from the BoF-McKinsey State of Fashion 2025 Executive Survey reveal that just 20% of fashion leaders predict improvements in market conditions, while 39% foresee a decline. This level of unpredictability sets the stage for several critical […]
Inside Luxury’s Broken Audit System
The luxury fashion industry, celebrated for its elegance and craftsmanship, faces a troubling scrutiny stemming from deep-rooted issues in its supply chain oversight. Recent investigations into the practices of high-profile brands such as Dior, owned by the LVMH conglomerate, reveal glaring deficiencies in audit mechanisms intended to uphold labor and safety standards. This exposé illustrates […]
The Best of BoF 2024: Navigating the Wellness Hype Cycle
The wellness industry continues to transform rapidly, adapting to changing consumer preferences and scientific advancements. In 2024, the landscape of wellness has experienced notable shifts, particularly with the rise of longevity, the increasing acceptance of GLP-1 agonist medications, and an expanding focus on male consumers. This article provides an in-depth exploration of these trends and […]
The Best of BoF 2024: When Beauty Trends Tap Culture
In 2024, the landscape of beauty marketing underwent a significant transformation, merging contemporary digital tactics with traditional methods. Brands are no longer solely dependent on Instagram and TikTok for their campaigns. Instead, they are leveraging a variety of channels to capture the attention of diverse customer segments, including Gen Alpha, men, athletes, and even pet […]