Billionaire Mike Ashley has made headlines once again by renewing his bid for a board seat at Boohoo Group Plc, the online fashion retailer currently struggling with performance issues. Ashley, who owns over a quarter of Boohoo’s shares through his company Frasers Group Plc, describes the company as “underperforming” and lacking a “clear strategy to […]
US TikTok Content Creators Warn Followers to Find Them on Instagram, YouTube
In an alarming turn of events, American content creators on TikTok are urging their followers to seek them on alternative platforms such as Instagram and YouTube. This shift comes in response to a recent ruling by a federal appeals court, which stated that TikTok could face a ban unless its parent company, the Chinese-backed ByteDance, […]
Dior to Open ‘Gold House’ in Bangkok
Dior’s latest venture into the luxury retail landscape highlights its commitment to expanding its influence in fast-growing markets, and Thailand is on the forefront of this expansion. On December 8, Dior will unveil a temporary ‘Gold House’ concept store located in the upscale Ploenchit district of Bangkok. This store, designed to mirror the iconic façade […]
This Week: Will Zara’s Charmed Run Continue?
In the dynamic landscape of fast fashion, Zara stands as a prominent figure. Over the past few years, the brand has enjoyed a charmed existence, consistently appealing to its consumer base and outperforming numerous rivals in the fashion industry. As the world anticipates the quarterly performance report from Inditex, the parent company of Zara, on […]
Puig Shares Drop After Withdrawal of Some Batches of Charlotte Tilbury Spray
In a startling turn of events for the luxury beauty and fashion sector, Puig’s shares saw a substantial decline following the company’s announcement of a voluntary recall of select batches of its Charlotte Tilbury makeup setting spray. The move, described as a precautionary measure due to an isolated quality issue found during routine product testing, […]
Chanel's Next Chapter: Lessons from Karl Lagerfeld's Legacy
When the fashion world lost Karl Lagerfeld on February 19, 2019, it was not just a loss of a designer; it was a loss of an icon who transformed Chanel into a powerhouse of luxury and creativity. His passing left a void that is felt deeply in the fashion industry, and as the brand now […]
US Appeals Court Upholds TikTok Law Forcing Its Sale
In a pivotal move that could reshape the landscape of social media in the United States, a federal appeals court has upheld a law requiring ByteDance, the Chinese parent company of TikTok, to divest its interests in the popular short-video platform by early next year or face a ban. This landmark ruling is a significant […]
The BoF Podcast | How Skims and On Create Cultural Relevance
In today’s fast-paced environment, brands must navigate an intricate landscape where culture and consumer behavior intersect. The BoF VOICES 2024 conference recently brought together Jens Grede, co-founder of Kim Kardashian’s Skims, and David Allemann, co-founder of Swiss sportswear brand On, to discuss the art of building culturally relevant brands founded on robust product innovation. As […]
Fashion’s Innovation Dilemma
In recent developments within the fashion industry, the shuttering of Nike-owned RTFKT, a virtual sneaker brand, has sparked discussions about the perilous balance brands must navigate between innovation and practicality. This situation illustrates the broader issue that many companies face when striving to position themselves as leaders in innovation: act hastily and risk detrimental outcomes, […]
China Cotton Group Urges Uniqlo and Others to Use Xinjiang Fibre
In the complex web of global fashion and textile production, the sourcing of materials often carries significant political weight. Recently, the China Cotton Group voiced strong sentiments urging international brands, including Japan’s Uniqlo, to resume using cotton from Xinjiang, a region that has faced scrutiny over human rights concerns. This call comes in response to […]