EU Hits Fast-Fashion Giant Shein With New Digital Rules
The move means Shein could be liable for fines of as much as 6 percent of global revenue for violating the law, designed to curtail the spread of illegal content online.
Alessandra Facchinetti
Does a Prada Sale Make Sense?
The Italian brand may no longer be a luxury leader, but it is still an attractive asset for prospective buyers.
Luxury
Luxury’s Supply Chain in the Spotlight
This week, Bernard Arnault and Donald Trump inaugurated a new Louis Vuitton factory in Texas. More efficiently meeting local demand, the politics of ‘Made in the USA’ and the threat of future tariffs on European goods were likely key factors in the decision. But the fanfare also underscored on how luxury’s supply chain is coming under greater scrutiny and who’s best positioned to come out ahead.
Luxury’s Supply Chain in the Spotlight
This week, Bernard Arnault and Donald Trump inaugurated a new Louis Vuitton factory in Texas. More efficiently meeting local demand, the politics of ‘Made in the USA’ and the threat of future tariffs on European goods were likely key factors in the decision. But the fanfare also underscored on how luxury’s supply chain is coming under greater scrutiny and who’s best positioned to come out ahead.
Power Moves | M.A.C. Taps Paper’s Drew Elliott, Dazed Announces Fashion Director
This week, Paper Editor-in-Chief Drew Elliott joins M.A.C. Cosmetics as global creative director, while Dazed magazine names its new fashion director.
Tod’s Taps Walter Chiapponi
The troubled Italian maker of luxury comfort shoes is trying to reverse falling sales and re-energise its brand.
Luxury
Tod’s Factory Strategy: Is It Working?
After missing the sneaker boom, the Italian maker of luxury comfort shoes is aiming to reverse falling sales and re-energise its brand. The company’s new drops-driven model will be put to the test this month with the launch of a collaboration with star designer Alber Elbaz.
Tod’s Factory Strategy: Is It Working?
After missing the sneaker boom, the Italian maker of luxury comfort shoes is aiming to reverse falling sales and re-energise its brand. The company’s new drops-driven model will be put to the test this month with the launch of a collaboration with star designer Alber Elbaz.
Prada and Ferragamo Unfashionably Late to Luxury Industry's Rebound
Both brands have posted double-digit declines in the past six months, lagging behind French rivals LVMH and Kering whose Italian brands Fendi and Gucci are racing ahead.
Announcing Gainsbury & Whiting, Bird, Marangoni, ESMOD
Check out this week’s new partners and openings on BoF Careers, the global marketplace for fashion talent.
Chinese Tourists Told to Shut Their Wallets
Chinese tourist spending fell off a cliff for the second consecutive month in April, contributing to the sector’s continued downward rating.
Thrifty Tourists, Weaker China Curb Tod's Sales and Forecasts
Tod's warned it would be challenging to meet expectations of a four percent revenue increase this year, as first quarter sales fell due to weaker demand in China and shrinking tourist spending.
Power Moves | McQueen's New CEO, Wang President Leaves for Thom Browne, Facchinetti Leaves Tod's
BoF compiles the most important professional moves of the week.
An Irreverent Mood
There was an insouciant ease to Alessandra Facchinetti’s mannish girls in leather pants.
In Milan, Irreverence Everywhere
On day three of Milan Fashion Week, there was no short supply of insouciance and irreverence on the runways.
Company Snapshot
After two high-profile exits from other fashion houses, she developed Tod's ready-to-wear line for three years before announcing she would focus on other projects.
The News in Brief
Shares of Versace Owner Capri Seen Falling 30% If Deal With Coach Owner Tapestry Fails
Since the merger announcement, Capri has reported weaker-than-forecast earnings twice, spurring concern about its performance in the coming quarters.
Celine Adds To Fragrance Line-Up
The new scent, Zouzou, is the fashion house’s first new perfume since 2022.
Unilever Sales Rise More Than Expected, Led by Beauty
Unilever Plc sales jumped more than expected in the first quarter as Chief Executive Officer Hein Schumacher pushes ahead with his turnaround plan and shoppers come back to premium brands.
Biden Signs Possible TikTok Ban Into Law; ByteDance Vows Legal Challenge
President Biden signed the bill that gives China-based ByteDance 270 days to divest TikTok’s US assets or face a ban.
Google Postpones Phasing Out of Ad Cookies in Chrome Browser
The Alphabet Inc. company said in a blog post Tuesday that it’s still working with the ad industry and regulators on the plan.
Sales at Italy’s Moncler Up 16% in First Quarter Boosted by China
Overall revenues for the three months through March totalled 818 million euros ($874 million), above a company-provided analyst consensus of 786 million euros.
PZ Cussons to Sell St Tropez, May Exit Africa
Embattled by weak demand and currency issues in Nigeria, the company is looking to slim down in order to return to growth.