Harvey Nichols Appoints New CEO
Harvey Nichols has named Julia Goddard chief executive following the departure of Manju Malhotra — who held the post for 25 years — in late 2023.
Alessandra Facchinetti
Does a Prada Sale Make Sense?
The Italian brand may no longer be a luxury leader, but it is still an attractive asset for prospective buyers.
Luxury
Luxury’s Supply Chain in the Spotlight
This week, Bernard Arnault and Donald Trump inaugurated a new Louis Vuitton factory in Texas. More efficiently meeting local demand, the politics of ‘Made in the USA’ and the threat of future tariffs on European goods were likely key factors in the decision. But the fanfare also underscored on how luxury’s supply chain is coming under greater scrutiny and who’s best positioned to come out ahead.
Luxury’s Supply Chain in the Spotlight
This week, Bernard Arnault and Donald Trump inaugurated a new Louis Vuitton factory in Texas. More efficiently meeting local demand, the politics of ‘Made in the USA’ and the threat of future tariffs on European goods were likely key factors in the decision. But the fanfare also underscored on how luxury’s supply chain is coming under greater scrutiny and who’s best positioned to come out ahead.
Power Moves | M.A.C. Taps Paper’s Drew Elliott, Dazed Announces Fashion Director
This week, Paper Editor-in-Chief Drew Elliott joins M.A.C. Cosmetics as global creative director, while Dazed magazine names its new fashion director.
Tod’s Taps Walter Chiapponi
The troubled Italian maker of luxury comfort shoes is trying to reverse falling sales and re-energise its brand.
Luxury
Tod’s Factory Strategy: Is It Working?
After missing the sneaker boom, the Italian maker of luxury comfort shoes is aiming to reverse falling sales and re-energise its brand. The company’s new drops-driven model will be put to the test this month with the launch of a collaboration with star designer Alber Elbaz.
Tod’s Factory Strategy: Is It Working?
After missing the sneaker boom, the Italian maker of luxury comfort shoes is aiming to reverse falling sales and re-energise its brand. The company’s new drops-driven model will be put to the test this month with the launch of a collaboration with star designer Alber Elbaz.
Prada and Ferragamo Unfashionably Late to Luxury Industry's Rebound
Both brands have posted double-digit declines in the past six months, lagging behind French rivals LVMH and Kering whose Italian brands Fendi and Gucci are racing ahead.
Announcing Gainsbury & Whiting, Bird, Marangoni, ESMOD
Check out this week’s new partners and openings on BoF Careers, the global marketplace for fashion talent.
Chinese Tourists Told to Shut Their Wallets
Chinese tourist spending fell off a cliff for the second consecutive month in April, contributing to the sector’s continued downward rating.
Thrifty Tourists, Weaker China Curb Tod's Sales and Forecasts
Tod's warned it would be challenging to meet expectations of a four percent revenue increase this year, as first quarter sales fell due to weaker demand in China and shrinking tourist spending.
Power Moves | McQueen's New CEO, Wang President Leaves for Thom Browne, Facchinetti Leaves Tod's
BoF compiles the most important professional moves of the week.
An Irreverent Mood
There was an insouciant ease to Alessandra Facchinetti’s mannish girls in leather pants.
In Milan, Irreverence Everywhere
On day three of Milan Fashion Week, there was no short supply of insouciance and irreverence on the runways.
Company Snapshot
After two high-profile exits from other fashion houses, she developed Tod's ready-to-wear line for three years before announcing she would focus on other projects.
The News in Brief
Emerging Designer Platform The Folklore Raises $3.4 Million
The capital injection will strengthen the company’s earlier pivot from being an African designer e-commerce site to being a business-to-business venture helping emerging brands enter global retailers.
Adidas Is Seeing Hot Demand for Sambas and Yeezys
The German sportswear company now expects to generate operating profit of around €700 million ($743 million), an increase from the previous target of €500 million.
Sephora, Perfumes and Cosmetics Drive LVMH Sales Growth
Amid a luxury slowdown, strong performance by LVMH’s perfumes and cosmetics and selective retailing divisions show a healthy appetite for beauty.
Dr Martens Shares Plunge as Tough Outlook Sets Challenge for New CEO
The company, which named chief brand officer Ije Nwokorie as its next CEO, said it was anticipating a double-digit percentage decline in US wholesale revenues, which would dent overall profits.
Procter & Gamble Price Hikes Thin Shoppers’ Wallets
Rising prices of personal care products could quash Americans’ habit of buying big-brand-name items for their household pantries, posing a threat to Procter & Gamble, one of the world’s biggest makers of packaged goods.
Traders Fear Antitrust Risk in $8.5 Billion Deal Between Coach, Michael Kors Owners
The merger arbitrage investor community turned increasingly bearish on the deal last week, as they interpreted some comments from FTC officials at a conference as negative for the deal.
US Retail Sales Top Forecasts as Consumers Keep Fuelling Growth
The value of retail purchases, unadjusted for inflation, increased 0.7 percent from February, Commerce Department data showed Monday.