From Gap to Chanel, big fashion brands are shaking up the top job, as the industry puts some of its Covid-era problems behind it and prepares for a new set of challenges, including an economic downturn.
Consumers will reallocate wallet share across fashion categories as pent-up demand for newness intersects with more social freedoms. Companies should prepare for this shift by honing data-driven product development and adjusting their inventory mix.
Check out this week’s new partners and openings on BoF Careers, the global marketplace for fashion talent.
This week, the platform raised an $85 million ‘pre-IPO’ round on the back of a fast-growing luxury e-commerce market and significant steps towards realising its ‘Spotify for fashion’ vision.
The online fashion platform is gearing up for an IPO with an $85 million funding round and ambitions to become the Spotify of fashion.