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.
The Beijing-born Central Saint Martins alum has joined the Chinese luxury brand established by Hermès and designer Jiang Qiong Er a decade ago as its fashion creative director.
The appointment follows a deal announced last December in which the Agnelli family holding fund Exor took a majority stake in the brand. Exor, which also owns Ferrari, Italian football club Juventus and The Economist Group, invested around €80 million ($96.5 million) into Shang Xia as part of a wider push into fashion. (Hermès, which previously owned 90 percent of the brand, remains a shareholder alongside Exor and Jiang).
Li will present his first collection for Shang Xia on October 4 at Paris Fashion Week with the brand’s first-ever fashion show. Li’s eponymous label, founded in 2010 and shortlisted for the first LVMH prize in 2014, is currently “sleeping but plans to wake up,” according to the designer.
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Agnelli Family’s Investment Company Takes Majority Stake in Shang Xia
The Italian dynasty’s holding fund, Exor, will invest around €80 million ($96.5 million) to become majority owner of the luxury Chinese brand established by Hermès and designer Jiang Qiong Er a decade ago.
Discover the most exciting career opportunities now available on BoF Careers — including jobs from Prada Group, Revolve and Karla Otto.
At the Vancouver-based yoga lifestyle juggernaut, being Black is ‘off brand,’ according to months of reporting by BoF’s Sheena Butler-Young.
Like many companies in fashion and other industries, the $50 billion yoga apparel brand created a new department in 2020 it said would help improve its diversity and inclusion and create a more equitable playing field for minorities. In interviews with BoF, 14 current and former Black employees said things have only worsened since then.
BoF Careers provides essential sector insights for fashion designers this month, to help you decode fashion’s creative and commercial landscape.