LVMH-Backed L Catterton Agrees to Buy Majority Stake in Kiko
The private equity fund has entered into a definitive deal with the Percassi family, which will retain a “significant stake” in the business.
Patrizio di Marco
Gucci Tax Scandal Spreads as Italy Investigates Executive Pay
Italian fiscal authorities are probing more than a dozen of Gucci’s current and former executives over an alleged tax-avoidance scheme.
Succession Planning: What Works, What Doesn't
The death of Karl Lagerfeld has put a spotlight on succession planning quandaries at major brands, from Ralph Lauren to Giorgio Armani. What can the industry learn from the successes and stumbles of the past?
Power Moves | Huda Beauty Names US President, Instagram Co-Founders Step Down
This week, Huda Beauty appoints Nathalie Kristo as US president, while Kevin Systrom and Mike Krieger depart the photo-sharing app.
With $2 Billion IPO Under Belt, SMCP Plots China Growth
As SMCP goes public, BoF speaks to the company's co-founders and chief executive about the affordable luxury giant's trajectory and future ambitions.
Power Moves | Maria Grazia Chiuri Exits Valentino, Ousted Gucci CEO to Dolce & Gabbana
BoF compiles the most important professional moves of the week.
BoF Exclusive | Carlo Beretta on Operation ‘€2 Billion Bottega Veneta’
Bottega Veneta CEO Carlo Beretta tells BoF’s Imran Amed about his plans to reinvigorate the brand and drive €2 billion in annual revenue.
Ex-Gucci CEO Patrizio Di Marco Said to Join Dolce & Gabbana Board
Former Gucci boss Patrizio di Marco is joining the board of Italian fashion rival Dolce & Gabbana, according to people familiar with the situation.
Top 10 Fashion Films of the Season
This season, the most successful fashion films attracted audiences with surreal storylines and unexpected plot twists. Sit back, relax and enjoy BoF's Top 10 Fashion Films of the Season.
Power Moves | Gucci Confirms Creative Director, Versus Taps Anthony Vaccarello, José Luis Duran Exits Lacoste
BoF compiles the most important professional moves of the week.
Gucci Appoints Alessandro Michele Creative Director
Kering-owned megabrand Gucci has officially appointed Alessandro Michele its new creative director.
Galliano's Return and the Future of Gucci
Watch the inaugural BoF Breakfast Club, discussing the week’s most important fashion news with fashion’s most opinionated experts. On the menu this week: the return of John Galliano and the future of Gucci.
Frida Giannini Exits Gucci Early as New CEO Takes Control
Gucci creative director Frida Giannini has left the fashion house a month earlier than planned after a new chief executive officer took control of the label.
Company Snapshot
The seasoned fashion executive helped steer Bottega Veneta back to profitability before repositioning Gucci. He now sits on the board of Dolce and Gabbana.
The News in Brief
Zara Re-Enters Venezuelan Market
The company confirmed in January that it planned to restart activities in Venezuela in the first half of 2024 with local partner Grupo Futura.
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.
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.