The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
Fashion Photographer Accused of Touching, Forcefully Kissing Male Model (New York Post)
"A male model is suing renowned fashion photographer Bruce Weber for allegedly forcing him to rub his own genitals — and sucking on the man's fingers — at a creepy casting session. The incident occurred in December 2014 at the photographer's Manhattan studio."
Gucci Confirms Its Offices Were Raided Over Suspected Tax Evasion (The Guardian)
"Police had spent three days searching the offices for evidence amid suspicions that levies on profits made from sales in Italy were declared in the tax regime of Switzerland. Prosecutors suspect the brand managed to save €1.3 billion in domestic tax over several years."
Nike Pro Launches the First Sports Hijab With UAE Ice Skater Zahra Lari (British Vogue)
"'Everyone including myself was so surprised and happy to see such a large company like Nike do something like this to cater specifically to Muslim athletes. It's like a dream that we [hijabi athletes] never really thought it would happen,' said Zahra Lari, one of the faces of the campaign."
Sexism Is Rampant for Female Fashion Photographers (Racked)
"Gender bias in photography may not garner much attention outside of industry circles, but female photographers say the discrimination they face working in the mostly male profession is, at times, blatant. Some photographers have been told outright that some clients simply prefer men."
What to Wear to Smash the State (The New York Times)
"The creation of mass anonymity protects practitioners from the threat of post-action doxxing by white supremacist groups, a process by which their identities and contact information, including addresses and places of employment, are publicised."
In 2020, like many companies, the $50 billion yoga apparel brand created a new department to improve internal diversity and inclusion, and to create a more equitable playing field for minorities. In interviews with BoF, 14 current and former employees said things only got worse.
For fashion’s private market investors, deal-making may provide less-than-ideal returns and raise questions about the long-term value creation opportunities across parts of the fashion industry, reports The State of Fashion 2024.
A blockbuster public listing should clear the way for other brands to try their luck. That, plus LVMH results and what else to watch for in the coming week.
L Catterton, the private-equity firm with close ties to LVMH and Bernard Arnault that’s preparing to take Birkenstock public, has become an investment giant in the consumer-goods space, with stakes in companies selling everything from fashion to pet food to tacos.