In the highly competitive fashion industry, keeping abreast of current trends and market movements is essential for fashion designers striving to position themselves effectively in this dynamic landscape. This month, an analysis of key industry insights has come forth, providing designers with guidance on navigating their careers better and making informed decisions. 1. New York […]
L’Oreal Joins $38.6 Million Funding Round For Biotech Start-up Abolis
In a significant move that underscores the intersection of beauty and biotechnology, L’Oreal has announced its participation in a €35 million ($38.6 million) funding round for Abolis Biotechnologies. This investment, made in conjunction with specialty chemicals group Evonik, aims to cultivate bio-based ingredients that can transform the beauty product landscape. Abolis, a French start-up established […]
The Business of Beauty Haul of Fame: Honey, I Shrunk the Core Audience
In the fast-paced world of beauty, micro-seeding has emerged as a revolutionary approach to product marketing. Beauty brands once relied on large promotional gifts at events like Fashion Week. Now, the focus has shifted to smaller, targeted audiences—an exclusive group of influencers and beauty enthusiasts who are considered the new ideal consumers. This shift is […]
Macy’s Targets Menswear Shoppers With New Private Label
In a strategic move to enhance its menswear offerings, Macy’s has launched a new private label, “Mode of One.” This initiative aims to fill the gaps identified through extensive market research pertained to contemporary male shoppers. Targeted primarily at men aged 25 to 40, Macy’s seeks to adapt to a demographic that is observably more […]
New York Fashion Week Isn’t Dead
The recent New York Fashion Week has sparked a renewed debate around its relevance, as critics often announce its impending demise. However, the vibrant displays and high-profile events of this season suggest that the famed fashion spectacle is very much alive. Many designers previously considered pivotal to the NYFW allure, such as Peter Do, the […]
Tory Burch, Thom Browne Among 2024 CFDA Fashion Awards Nominees
The Council of Fashion Designers of America (CFDA) has unveiled its nominees for the prestigious 2024 Fashion Awards, set to take place on October 28. This annual gathering is a hallmark event in the fashion industry, showcasing outstanding talent and extraordinary achievements across various categories. Prominent Nominees Among the key names is Thom Browne, who […]
Kourtney Kardashian’s Lemme Launches Weight Loss Supplements
Kourtney Kardashian is making waves in the wellness sector with the launch of her brand Lemme’s new weight loss supplement, GLP-1 Daily. This product, which enters a thriving market, aims to appeal to the growing consumer interest in natural weight management solutions. What makes Lemme’s offering particularly noteworthy is its formulation—using natural ingredients to mimic […]
Mytheresa Grows Sales Amid Continued Focus on Top Clients
In a year marked by uncertainty in the luxury sector, Mytheresa stands out as a remarkable success story. The luxury e-tailer reported a 10% sales growth, reaching €841 million ($927 million) for its fiscal year ending in June 2024. This achievement is particularly notable against a backdrop of tepid consumer demand and the broader challenges […]
BoF’s Fashion Week Calendar: Spring/Summer 2025
The fashion world is poised for excitement as the upcoming Spring/Summer 2025 Fashion Week approaches. Organized across four major fashion capitals—New York, London, Milan, and Paris—this season promises a dazzling line-up of ready-to-wear collections. The Business of Fashion has compiled a comprehensive schedule, ensuring that industry professionals can stay updated on significant events. Key Dates […]
Chanel Announce Margot Robbie as the Face of Chanel No.5
Chanel has officially named Margot Robbie as the new face of its iconic No.5 perfume, succeeding Marion Cotillard who held the position since 2020. This announcement marks a significant milestone in Robbie’s career, aligning her with a fragrance that has become synonymous with luxury and elegance since its launch in 1921. Margot Robbie, known for […]