In a surprising move that has sent ripples through the Hong Kong real estate market, Adrian Cheng has stepped down as the chief executive officer of New World Development Company, marking a significant shift in leadership for one of Hong Kong’s largest property developers. The resignation comes in the wake of the company’s first annual […]
BoF Masterclass | How to Create the Perfect E-Commerce Site
The rise of e-commerce has changed the retail landscape significantly. With over 38% of apparel sales transitioning to online platforms in 2023—an increase from 27% in 2019—companies must optimize their online shopping experiences to stay competitive. To address the challenges and strategies involved in building an effective e-commerce platform, the Business of Fashion (BoF) is […]
Beauty’s Most Viral Brands Are Moving Offline
In a digital-first world, brands like Summer Fridays and Patrick Ta Beauty are employing traditional advertising methods to enhance their visibility and reach a broader audience. While their primary success has stemmed from astute social media strategies, a shift towards out-of-home (OOH) campaigns showcases a strategic pivot that can redefine how beauty brands relate to […]
Mumi Haiati’s Reference Studios Opens Paris Outpost
The rise of Mumi Haiati in the world of fashion public relations showcases a unique blend of artistic vision and business acumen. Known for his eclectic style—pairing utility shirts and bucket hats with high-end accessories like a Serpenti ring or Cartier watch—Haiati’s recent venture, the opening of Reference Studios’ Paris outpost, marks an ambitious step […]
Akt London Secures $7 Million to Drive US Expansion and Product Innovation
Akt London, a brand that stands at the forefront of sustainable beauty, has recently secured a significant investment of $7 million from Felix Capital. This funding aims to bolster the brand’s ambitions in the highly competitive beauty and personal care market, pushing its total capital raised to $10 million since its inception in 2020. Founded […]
H&M Abandons 2024 Margin Target as Costs Hurt Profit
In a notable shift, H&M has decided to abandon its profit margin target for 2024, as mounting costs and increased discounting strategies continue to impact its financial performance. The Swedish retail giant, now the world’s second-largest listed fashion retailer, revealed these developments while grappling with heightened competition and an evolving market landscape. During the third […]
Glossier Unveils Two New Fragrances
In a significant milestone for the beauty brand, Glossier has recently announced the launch of its latest offerings, Impressions of Glossier You, marking what the company describes as its most substantial launch in a decade. This rollout features two innovative extensions to their flagship eau de parfum, Glossier You, which has gained immense popularity since […]
Naomi Campbell Banned From Being Charity Trustee
In a significant turn of events, supermodel Naomi Campbell has been banned from serving as a charity trustee for five years. This disqualification follows a Charity Commission investigation into Fashion For Relief, the poverty relief charity she led for over a decade. The findings of the inquiry revealed alarming financial misconduct that raises questions not […]
LVMH’s Head of Sephora, Department Store Division to Leave
In a significant shift for the luxury retail sector, Chris de Lapuente has announced his retirement as the head of LVMH’s Sephora and the department store division, effective October 31. This decision, revealed in an internal announcement by LVMH Moët Hennessy Louis Vuitton SE, marks the end of an era for a division that has […]
Buyout Firm L Catterton to Acquire Majority Stake in Pilates Chain Solidcore
In a significant move within the fitness industry, L Catterton, the private equity firm associated with the luxury goods conglomerate LVMH, has agreed to acquire a majority stake in Solidcore, the popular Pilates studio operator. This acquisition underscores investors’ continued interest in wellness and fitness as lucrative sectors, particularly post-pandemic. The acquisition deal, announced recently, […]