The fashion industry faces a critical juncture. As detailed in the BoF-McKinsey State of Fashion 2025 report, the sector’s fragmented nature demands a unified approach to decarbonisation efforts; otherwise, it risks falling behind economically and environmentally. The urgency of collaborative action has never been clearer, as the challenge to achieve sustainability lies not just within […]
FashionValet Founders Charged After Wealth Fund Losses
The recent charges against Vivy Yusof and Fadzarudin Shah Anuar, the co-founders of FashionValet, highlight significant issues within the intersection of business ethics and social media influence. Malaysian prosecutors have accused the couple of criminal breach of trust, stemming from alleged financial mismanagement that resulted in notable losses for government-linked investment firms. Both influencers, renowned […]
Africa’s Top Clothing Retailer Pepkor Rallies as It Plans Growth Push
Pepkor Holdings Ltd., Africa’s largest clothing retailer, has recently announced a strategic expansion plan, sending its shares soaring to a three-year high. With a declared dividend that surpassed analysts’ expectations and a commitment to establishing up to 300 new stores, the company is poised for growth, bolstered by evolving market conditions in South Africa. As […]
Moncler Not in Talks to Take Over Burberry, Sources Say
In recent days, the luxury fashion industry has been buzzing with speculation surrounding a possible takeover of Burberry by Italy’s Moncler. However, insiders have now clarified that Moncler is not in discussions to acquire the British luxury brand, as reported by multiple sources. This clarification comes after a dramatic roller-coaster for Burberry’s stock, which saw […]
This Week: Burberry Goes Back to Basics, Again
In an industry where innovation often overshadows tradition, Burberry stands out for its resolute return to its roots during challenging times. With the appointment of new CEO Josh Schulman, the British luxury brand is expected to announce a shift towards its core offerings—trench coats, check patterns, and other identity-defining elements. This strategic move is anticipated […]
Join Imran Amed and The Business of Fashion in Bangkok
The Business of Fashion (BoF) is set to make a significant mark in Thailand with its inaugural community event happening on November 25, 2024. This gathering presents an exclusive opportunity for BoF Professional members to connect and engage with other industry professionals in a uniquely engaging environment. Hosted at the iconic Dusit Thani Bangkok, attendees […]
H&M- and Vargas-Backed Recycling Venture to Hit Commercial Production by Mid-2025
The fashion industry is undergoing significant changes driven by increasing environmental awareness and sustainable practices. One of the most promising developments in this transition is the rise of Syre, a polyester recycling company backed by H&M and the Vargas group. Launched in early 2024, Syre is on track to start its first commercial production facility […]
Gucci’s Marketing and Communications Shakeup Continues
Gucci, the illustrious Italian luxury brand, recently witnessed a significant shift in its marketing and communications landscape with the departure of chief brand officer Alessio Vannetti. This exit is part of a broader trend, as the company seeks to restructure its operations amidst troubling sales figures. Under the leadership of a new CEO, significant changes […]
Francesca Bellettini’s Plan For Kering
In the world of luxury fashion, few names echo with as much influence and promise as Francesca Bellettini. Recently appointed as Kering’s deputy CEO for brand development, her mission is not merely to steer one iconic brand but to rejuvenate a constellation of high-end labels, including the flagging Gucci. Bellettini’s track record at Saint Laurent, […]
Can Fashion Get Past the Climate Blah Blah Blah?
New York City recently served as the backdrop for an essential event in the sustainability sphere, known as Climate Week. Although the majority of the fashion industry was fixated on upcoming shows in Milan and Paris, the focus on sustainability took center stage in New York. This week-long event drew the attention of industry leaders, […]