Puig Announces New CEO
Jose Manuel Albesa will succeed Marc Puig, becoming the first non-family member to lead the Spanish conglomerate in more than 20 years.
leadership
Workplace & Talent
Brandice Daniel on Making Room for Diversity in Fashion | The BoF Podcast
The founder of Harlem’s Fashion Row looks back on her own journey in the industry, the progress made and how far it still has to go.
Brandice Daniel on Making Room for Diversity in Fashion | The BoF Podcast
The founder of Harlem’s Fashion Row looks back on her own journey in the industry, the progress made and how far it still has to go.
Retail
The New H&M CEO’s Challenges: Wrong Product, Pricing and Channels.
In a surprising shakeup Wednesday, the Swedish fast fashion chain promoted longtime executive Daniel Ervér to CEO. Critics say his lack of outside experience will make it all the more difficult for H&M to embark on a necessary transformation.
The New H&M CEO’s Challenges: Wrong Product, Pricing and Channels.
In a surprising shakeup Wednesday, the Swedish fast fashion chain promoted longtime executive Daniel Ervér to CEO. Critics say his lack of outside experience will make it all the more difficult for H&M to embark on a necessary transformation.
Luxury
Op-Ed | Is It Time to Break Up Luxury Behemoth LVMH?
When Bernard Arnault presents LVMH’s annual earnings on Thursday, investors and analysts will be hanging on to his every word as they try to decipher the direction of top-end demand.
Op-Ed | Is It Time to Break Up Luxury Behemoth LVMH?
When Bernard Arnault presents LVMH’s annual earnings on Thursday, investors and analysts will be hanging on to his every word as they try to decipher the direction of top-end demand.
Workplace & Talent
UK Fashion Industry Isn’t Making Progress on Leadership Diversity, Report Finds
The first-ever UK Fashion DEI Report calls for more robust diversity targets and for leaders to acknowledge the connection between inclusion and profitability.
UK Fashion Industry Isn’t Making Progress on Leadership Diversity, Report Finds
The first-ever UK Fashion DEI Report calls for more robust diversity targets and for leaders to acknowledge the connection between inclusion and profitability.
Luxury
LVMH’s Sidney Toledano: Lessons From 40 Years in Luxury
From 20 years at Dior to luxury’s post-pandemic boom, Sidney Toledano has shaped the modern luxury business. ‘Desire is the most important thing,’ Toledano tells Laurence Benaïm.
LVMH’s Sidney Toledano: Lessons From 40 Years in Luxury
From 20 years at Dior to luxury’s post-pandemic boom, Sidney Toledano has shaped the modern luxury business. ‘Desire is the most important thing,’ Toledano tells Laurence Benaïm.
Marketing
How Fashion Brands Can Survive the 2024 US Election Minefield
Few companies see an upside in wading into what’s shaping up to be a long, toxic campaign. But after years of socially conscious messaging they can’t fully disengage either.
How Fashion Brands Can Survive the 2024 US Election Minefield
Few companies see an upside in wading into what’s shaping up to be a long, toxic campaign. But after years of socially conscious messaging they can’t fully disengage either.
Luxury
Michael Burke to Succeed Sidney Toledano at LVMH’s Fashion Group
The former Louis Vuitton CEO will become chief executive and chairman of the unit that houses Celine, Loewe, Givenchy, Marc Jacobs, Pucci and Kenzo, effective February 1.
Michael Burke to Succeed Sidney Toledano at LVMH’s Fashion Group
The former Louis Vuitton CEO will become chief executive and chairman of the unit that houses Celine, Loewe, Givenchy, Marc Jacobs, Pucci and Kenzo, effective February 1.
Workplace & Talent
How AI Is Changing Fashion’s Recruiting Process
A growing number of fashion and beauty brands are looking to AI to solve age-old recruiting challenges, from wading through piles of résumés to writing job postings — but even with all their promise, these new technologies aren’t without shortcomings.
How AI Is Changing Fashion’s Recruiting Process
A growing number of fashion and beauty brands are looking to AI to solve age-old recruiting challenges, from wading through piles of résumés to writing job postings — but even with all their promise, these new technologies aren’t without shortcomings.
Luxury
Diane von Furstenberg on the Power of a Little Dress | The BoF Podcast
Diane von Furstenberg looks back on her barrier-breaking career with longtime friend Deepak Chopra at BoF VOICES 2023.
Diane von Furstenberg on the Power of a Little Dress | The BoF Podcast
Diane von Furstenberg looks back on her barrier-breaking career with longtime friend Deepak Chopra at BoF VOICES 2023.
Technology
The Best of BoF 2023: The AI Revolution
In the year since it exploded onto the market, generative AI is already promising to reshape how brands create products and interact with customers. But it’s not the only technology that had an impact in 2023.
The Best of BoF 2023: The AI Revolution
In the year since it exploded onto the market, generative AI is already promising to reshape how brands create products and interact with customers. But it’s not the only technology that had an impact in 2023.
Global Markets
Worldview: Temu Files New Lawsuit Against Rival Shein
This week’s round-up of global markets fashion business news also features interest payments outpace spending on clothes in Korea, Alibaba loses senior cloud executive as uncertainty persists and COP28 ends with deal on a transition away from fossil fuels.
Worldview: Temu Files New Lawsuit Against Rival Shein
This week’s round-up of global markets fashion business news also features interest payments outpace spending on clothes in Korea, Alibaba loses senior cloud executive as uncertainty persists and COP28 ends with deal on a transition away from fossil fuels.
Luxury
Exclusive: Audemars Piguet’s Maverick CEO Gets the Last Word
François-Henry Bennahmias faced down doubters as he leveraged popular culture to transform Audemars Piguet’s business. Ahead of his departure from the now-$2.6 billion brand next week, Bennahmias revisits his triumphs and setbacks, and hints at his start-up ambitions.
Exclusive: Audemars Piguet’s Maverick CEO Gets the Last Word
François-Henry Bennahmias faced down doubters as he leveraged popular culture to transform Audemars Piguet’s business. Ahead of his departure from the now-$2.6 billion brand next week, Bennahmias revisits his triumphs and setbacks, and hints at his start-up ambitions.
The News in Brief
Spandex Maker Lycra Files for Bankruptcy After Years of Stress
The company has been hampered with disruptions to supply chains, elevated inflation, growing competition from low-cost manufacturers and trade tariffs.
US SEC Preparing to Eliminate Quarterly Reporting Requirement, WSJ Says
The proposal would give companies the option to share results twice a year.
Kering Unveils New Jewellery Unit, Merges Fashion Brand Reporting
Kering’s newly created jewellery division regroups Boucheron, Pomellato, Dodo and Qeelin brands as the company aims to pool resources. The conglomerate is also regrouping fashion brand reporting, shielding smaller labels from investor scrutiny.
Bondholders Approve Saks Global’s Five-Year Business Plan
Saks is moving towards exiting bankruptcy and tapped an additional $300 million of its Chapter 11 financing package.
Luxury Stocks Face Most Bearish Sentiment in Years, UBS Says
War in the Middle East, the luxury industry’s fastest-growing market, threatens to delay a long-expected rebound in demand.
Trump Signs Order to Combat Fraudulent ‘Made in America’ Labels, White House Says
The executive order directs the FTC chairman to prioritise enforcement of existing laws against sellers and manufacturers who falsely claim products are made in America.
Lanvin Deputy CEO Siddhartha Shukla Exits Brand
Owner Lanvin Group said it is ‘fully committed’ to the French label’s development under creative director Peter Copping, with CEO Andy Lew in charge of management.