On the final Saturday night of Paris Fashion Week, an extravagant gala held at the Shangri-La Hotel brought together members of the Business of Fashion (BoF) 500. This annual event celebrated the induction of 2024’s new members into a global community synonymous with leadership, creativity, innovation, and substantial impact in the fashion industry. Among the […]
At Paris Fashion Week, Fear and Fearlessness
As the curtains fell on Paris Fashion Week, the overarching sentiment was a blend of caution and creativity. This season, fashion houses seemed to tread lightly, reflecting a palpable sense of searching for safety amid the chaos of a declining luxury goods market. It is not surprising, considering the current macroeconomic landscape poses challenges not […]
Everlane Hires Former Fear of God Executive as its New CEO
In a significant leadership shift, Everlane has appointed Alfred Chang as its new CEO, effective October 7. Chang, who previously held key positions at both Fear of God and PacSun, will step into the role after the departure of Andrea O’Donnell earlier this year. O’Donnell had successfully guided Everlane back to profitability during her tenure, […]
LVMH and Formula 1 Announce 10-Year Partnership
In a significant move for both the luxury fashion and motorsport industries, LVMH and Formula 1 recently unveiled a groundbreaking partnership that will commence in 2025. This collaboration marks a strategic union that will align several prestigious LVMH brands—most notably Louis Vuitton, Moët Hennessy, and TAG Heuer—with the high-octane world of Formula 1 racing. This […]
After Months of Designing with AI, Norma Kamali Isn’t Looking Back
Designer Norma Kamali has recently entered a new phase of her creative journey by incorporating artificial intelligence into her design process. This significant shift comes against a backdrop of skepticism surrounding AI’s potential in fashion. Numerous experts have raised concerns, arguing that the transformative promises of AI have been overstated. However, Kamali stands firm in […]
JD Sports’ UK Business Hit by Bad Weather and Red Sea Disruption
JD Sports has recently revealed that its UK business is facing significant challenges due to a combination of adverse weather conditions and supply chain disruptions in the Red Sea. These factors have collectively contributed to a notable decline in sales, particularly in their outdoor product lines, as reported in their latest financial statements. Falling Sales […]
Michael Rider Replaces Hedi Slimane at Celine
The luxury fashion world is in a state of transition as Michael Rider is set to take over as the artistic director of Celine, following Hedi Slimane’s departure after a notable tenure. This change, which becomes effective in early 2025, signals a new chapter for the LVMH-owned brand and reflects broader shifts within the industry. […]
Hedi Slimane Is Exiting LVMH’s Celine
The departure of Hedi Slimane from Celine marks a significant shift in the luxury fashion landscape, particularly within the LVMH conglomerate. After seven years at the helm, Slimane’s exit was confirmed recently, concluding months of complex contract negotiations with LVMH’s chairman, Bernard Arnault. This decision comes on the heels of Slimane’s impressive tenure, during which […]
CVS to Lay Off 2,900 Employees, Considering Company Breakup
In a significant restructuring move, CVS Health has announced its decision to lay off approximately 2,900 employees, a move that represents less than 1 percent of its total workforce. This strategic decision, unveiled on a recent Tuesday, is part of a broader initiative aimed at cost-cutting and operational efficiency. Importantly, CVS emphasized that these layoffs […]
How the US Port Strike Will Impact Fashion
As the dust settles on the first US port strike along the East Coast in nearly 50 years, the fashion industry appears to be holding its breath. This strike, declared by dock workers from the International Longshoreman Association at ports stretching from New York to the Gulf of Mexico, has left over 100,000 shipping containers […]