Sandra Stangl Is Exiting Banana Republic
Despite a brief uptick in sales, up 24 percent between 2021 and 2022, the brand’s growth has stalled.
Marco Gobbetti
Will Burberry Take a New Direction?
This week, with luxury in the spotlight, everyone will be talking about Burberry and Richemont's annual results.
Ferragamo’s Plan to Double Sales Under a New CEO
Former Burberry boss Marco Gobbetti says the brand will race to refresh its products and image to attract Gen-Z clients.
Who Makes a Great Fashion CEO?
This week, Versace and Alexander McQueen named new CEOs, following changes at the top of Chanel, Ferragamo and Burberry. In a sector known for favouring seasoned insiders, non-traditional picks with outside perspectives remain rare.
Lucky Number 111 for Burberry’s Riccardo Tisci
The Italian transforming Britain’s biggest luxury brand is confident at last: ‘It’s a big company to move, but now I feel the boat is in the water.’
Burberry Struggles to Convince on Growth
The British brand is still lagging luxury rivals as outgoing chief executive Marco Gobbetti prepares to handover responsibility for its years-long turnaround to current Versace chief Jonathan Akeroyd.
Luxury
The Challenges Facing Burberry’s Next CEO
Burberry Names Jonathan Akeroyd New CEO. The appointment of Versace chief Akeroyd comes four months after current Burberry CEO Marco Gobbetti announced his departure to Salvatore Ferragamo, leaving the British brand’s turnaround only partially complete.
The Challenges Facing Burberry’s Next CEO
Burberry Names Jonathan Akeroyd New CEO. The appointment of Versace chief Akeroyd comes four months after current Burberry CEO Marco Gobbetti announced his departure to Salvatore Ferragamo, leaving the British brand’s turnaround only partially complete.
What Now for Burberry’s Turnaround?
CEO Marco Gobbetti is leaving for Salvatore Ferragamo with the British brand’s revival only partially successful.
Luxury
With Brand at Crossroads, Burberry's CEO Bets Big on China's Young Money
Burberry's turnaround was always going to be an uphill battle. Now, as the pandemic thwarts the company's plans to reinvigorate top-line growth this year, Marco Gobbetti is betting that a digital edge with Asia's Millennial and Gen-Z clients will pay off.
With Brand at Crossroads, Burberry's CEO Bets Big on China's Young Money
Burberry's turnaround was always going to be an uphill battle. Now, as the pandemic thwarts the company's plans to reinvigorate top-line growth this year, Marco Gobbetti is betting that a digital edge with Asia's Millennial and Gen-Z clients will pay off.
Where Does Burberry Go From Here?
This week, everyone will be talking about Burberry's first financial results since the lockdowns and the first major live fashion show in months. Get your BoF Professional Cheat Sheet.
Asia’s Recovery Roadmap for Luxury
As demand in western markets lags behind, Asian shoppers hold more power than ever over luxury brands' bottom lines. From China to Japan and Singapore to South Korea, here’s where demand is roaring — and where it’s reeling.
Fashion Magazines Hit as Luxury Ad Spend Dwindles
Global fashion houses are slashing their marketing budgets by 30 to 80 percent to weather the economic fallout of the pandemic.
Luxury Brands Burn Unsold Goods. What Should They Do Instead?
The luxury industry’s habit of destroying end-of-season leftovers is under threat, thanks to a consumer backlash and increasing government regulations. BoF uncovers the best solutions.
Company Snapshot
The Italian executive has a strong track record in leading luxury companies, most notably at Céline where together with Phoebe Philo he generated double digit growth.
The News in Brief
Susanna Lau Joins System Magazine as Digital Editorial Director
The move comes as System owner Mike Obenson aims to turn what began as a bi-annual print title into a global media brand with a stronger digital offering.
Cascale Appoints New CEO
Former Under Armour COO Colin Browne has been appointed to lead the industry organisation formerly known as the Sustainable Apparel Coalition.
Estée Lauder Tempers Sales View Despite US, China Recovery
The company also beat Wall Street targets for third-quarter results, hinting at a recovery in demand for beauty and cosmetic products in the US after a long bout of inflation.
Mulberry’s Full-Year Sales Fall 4%
The British brand’s share price, which has fallen by almost 60 percent this year, declined by a further 4.5 percent in early trading on Wednesday
Report: Space NK Owners Hired Bankers to Explore Sale
Manzanita Capital has selected the investment bank Raymond James to conduct a sale of the premium British beauty retailer, per Sky News.
Next Sales Rise as Inflation Pressures Ease, Maintains Forecast
The British fashion and homewares company said Wednesday that full price sales climbed 5.7 percent in the first quarter, which was slightly ahead of an expected 5 percent rise.
Rabanne Owner Puig, Shareholders Raise €2.6 Billion in IPO
The listing drew orders for multiple times the number of shares available and is contributing to a broad resurgence of European initial public offerings.