China, Travel Retail Weigh on Shiseido Earnings
Sales rose 4 percent on a reported basis, as consumer pullback from Japanese brands and inventory adjustments dragged down overall earnings.
Ben Gorham
Puig Aims to Raise €2.5 Billion in IPO
The family-owned premium beauty conglomerate has confirmed it will float shares on the Spanish stock exchange while retaining majority control, following months of speculation.
A Playbook for Michael Kors, Versace and Jimmy Choo
How the American ‘accessible luxury’ group Tapestry can capitalise on its newly acquired brands and more from BoF’s Imran Amed.
Byredo’s Ben Gorham on Propelling a Niche Brand to Global Success
For ‘The State of Fashion: Beauty’ founder Ben Gorham breaks down Byredo’s journey to its recent acquisition by luxury group Puig and how indie labels can flourish in a crowded market.
Byredo to Debut Sneakers and Suits at Paris Fashion Week Men’s
Two years after launching handbags, the cult fragrance brand is dipping a toe into apparel and footwear with Byproduct, a capsule collection of made-to-measure suits and basketball-inspired sneakers.
Byredo Founder Says Grow Slow and Do Your Homework
Ben Gorham shares the best decision and biggest mistake of his entrepreneurship journey.
Workplace & Talent
The Creative Class | Ben Gorham, Perfumer
BoF spoke to Ben Gorham of Byredo to understand how a former basketball player and art school graduate with no training as a perfumer founded a fashionable, cult fragrance house in which he sold a majority share to Manzanita Capital, owner of Diptyque and SpaceNK, earlier this year.
The Creative Class | Ben Gorham, Perfumer
BoF spoke to Ben Gorham of Byredo to understand how a former basketball player and art school graduate with no training as a perfumer founded a fashionable, cult fragrance house in which he sold a majority share to Manzanita Capital, owner of Diptyque and SpaceNK, earlier this year.
The News in Brief
Victoria’s Secret Jumps as Sales Decline Moderates
The lingerie maker said Thursday that its preliminary sales and adjusted profit for the quarter ended May 4 were at the high end or above its prior projections.
J.Crew Flagship Reopens in Soho
The American apparel chain has returned to the Manhattan retail neighbourhood for the first time since 2017.
Ferragamo Sales Down 17% in First Quarter
Revenues totalled 227 million euros ($244.5 million), below analyst expectations of 237 million euros according a LSEG consensus.
TikTok to Label AI-Generated Images, Video From OpenAI and Elsewhere
Researchers have expressed concerned that AI-generated content could be used as misinformation in an attempt to interfere with US elections this autumn.
US Online Retail Spending Up 7%, Driven By Demand for Cheaper Products
Sticky inflation has forced shoppers in various categories to trade down to more affordable products.
Tapestry Misses Quarterly Revenue Expectations
The company’s net sales came in at $1.48 billion in the quarter ended March 30, compared to analysts’ average estimate of $1.50 billion, according to LSEG data.
Warby Parker’s Sales and Profits Soar in 2024
The company’s main growth driver was its continued store openings, with eight new locations during the quarter and a total of 40 anticipated for 2024.