Fast Retailing Co., the parent company of Uniqlo, has made significant strides in building its brand presence in the Western markets, particularly in North America and Europe. Despite facing sales challenges in its largest overseas market, China, the company reported record annual revenue of ¥3.1 trillion (approximately $20.8 billion) for the fiscal year ending in […]
Unilever Sells Russian Business After Pressure From Campaigners
In a decisive move following intense scrutiny and pressure from various campaigners, Unilever has officially divested its Russian operations. The multinational company, recognized for its popular brands such as Dove and Ben & Jerry’s, has sold its subsidiary to Arnest Group, a local manufacturer specializing in cosmetics, household products, and perfumes. This sale includes not […]
Revlon Names Michelle Peluso Its New CEO
In a significant move within the beauty industry, Revlon has announced the appointment of Michelle Peluso as its new Chief Executive Officer (CEO), effective November 4, 2024. Peluso’s leadership comes at a pivotal time for the company, which is still navigating the impacts of its recent bankruptcy proceedings and the quest for renewed market dominance. […]
Alibaba’s Lazada Wants Armani, D&G to Help Hit $100 Billion Goal
In a strategic move to bolster its luxury segment and fend off formidable competitors, Alibaba Group Holding Ltd.’s Lazada is actively courting top European fashion brands. This initiative aims to help the e-commerce giant achieve its ambitious target of $100 billion in e-commerce sales by 2030. This week, executives from Lazada engaged with over a […]
How Brands Make the Most of Sample Sales
The landscape of fashion retail has notably transformed in recent years, and one of the most interesting shifts is the evolution of sample sales. Originally seen as discreet inventory clearances, these events have morphed into vibrant marketing opportunities for brands. By harnessing the power of social media, particularly platforms like TikTok, brands are now able […]
Wellness Wants In on the Ozempiconomy
In recent months, a remarkable trend has emerged within the wellness sector, closely following the pharmaceutical industry’s innovations. The spotlight is on GLP-1 receptor agonists, hormones that have gained notoriety due to their association with popular weight loss drugs like Ozempic and Wegovy. As wellness brands jostle to stake their claim in this burgeoning field, […]
BoF and Lyst Connect New York’s ‘Power Brand’ Community
In an impressive gathering held at Hotel Chelsea in Manhattan, executives from some of New York’s most influential independent fashion brands assembled to discuss customer engagement strategies within a challenging retail landscape. This event, co-hosted by Nick Blunden, President of The Business of Fashion (BoF), and Emma McFerran, CEO of Lyst, spotlighted how New York’s […]
MercadoLibre Posts Record Argentina Sales Amid Consumer Rebound
In recent announcements, MercadoLibre Inc., the leading e-commerce and fintech platform in Latin America, has demonstrated remarkable resilience with record sales in Argentina. As the nation gradually recovers from economic difficulties, the company reported that it sold an unprecedented 20 million products on its platform in August, amounting to approximately $916 million. This turnaround highlights […]
Arnault Poised to Buy Paris FC Football Club With Red Bull
In a substantial move that underscores the intersection of luxury and sports, Bernard Arnault’s family is on the verge of acquiring a majority stake in Paris FC, a second-tier football club in France, in a partnership with the Red Bull brand. This strategic investment reflects the Arnault family’s commitment to diversifying their portfolio and merging […]
Superfine: Tailoring Black Style is the Met’s Costume Institute Spring 2025 Exhibition
The Metropolitan Museum of Art’s Costume Institute has recently announced an exciting and transformative theme for its upcoming Spring 2025 exhibition: “Superfine: Tailoring Black Style.” This anticipated showcase aims to honor the rich history of menswear from the perspective of the Black diaspora, with a specific focus on a concept historically vital to fashion—Black Dandyism. […]
