The Business of Beauty Haul of Fame: Off-Label Meds… Or Skincare? In the fast-paced world of beauty, “off-label skincare” has become a trending topic. This term, which originally referred to using prescription medications for purposes other than their intended use, has gained popularity thanks to products like Ozempic, a diabetes medication repurposed for weight loss. […]
As some of you might know, I’m expecting my second child later this month. I plan to take the very necessary, fully paid parental leave that I’m offered at The Business of Fashion (which should be mandatory everywhere), so this will be my last column for The Business of Beauty until the spring. With a […]
Rocco Liu to Lead Vogue China Rocco Liu has officially been named the new editorial director of Vogue China, Condé Nast confirmed. Liu takes over the position from Margaret Zhang, who exited the publication in March after a contentious three-year tenure. Starring at Condé Nast China in 2009, Liu’s rise through the ranks has been […]
Whoever wins medals at the upcoming Paris Olympics, one unequivocal victor is already clear: Bernard Arnault, the founder and CEO of LVMH. Despite France’s political unrest impacting LVMH shares and Arnault’s wealth, his brands are set to shine. LVMH Moet Hennessy Louis Vuitton SE invested €150 million ($163 million) to be a key sponsor of […]
Aritzia Inc., a women’s apparel retailer known for its “everyday luxury” branding, has surpassed sales estimates, driven by introducing new styles and expanding its US presence. The Vancouver-based company reported a revenue of C$498.6 million ($365.7 million) for its fiscal first quarter, ending June 2. This marks a 7.8 percent increase from the previous year, […]
Barneys New York is setting the stage for a remarkable revival, largely hinged on the pending $2.65 billion acquisition of Neiman Marcus Group by the owner of Saks. This iconic department store, once a go-to for affluent New Yorkers, shut its flagship in Madison Avenue and other US outlets in 2019 after a bankruptcy. However, […]
The plummet in Brunello Cucinelli SpA’s stock following its solid second-quarter earnings report signals a challenging season for European luxury goods companies. Even though earnings met expectations, the lack of a guidance upgrade caused shares of the Italian cashmere house to drop by 2.3%. This suggests that investors are wary about the demand for high-end […]
**Where Does Nike Go From Here?** Nike is in the second year of its most challenging financial period in recent history. This week, a potential step towards stability emerged with the rehiring of Tom Peddie, a long-time Nike executive who retired in 2020. Peddie’s return as vice president of marketplace indicates a shift back towards […]
The fashion industry finds itself at a crossroads, and a significant transformation might be essential for its survival. In a compelling podcast, BoF founder Imran Amed joins Bob Safian to assess the urgent need for change within the fashion sector. The conversation highlights that a relentless emphasis on business growth is suffocating creativity. As Amed […]
Innovation is at the heart of business success, and few companies illustrate this better than Apple. Recently, however, the company has faced significant scrutiny. India’s antitrust body has accused Apple of abusing its dominance within the App Store ecosystem. This development highlights ongoing concerns about market fairness and competition. India’s Competition Commission (CCI) claims Apple […]
