LVMH Prize Names Finalists, Adds Phoebe Philo and Pharrell Williams to Jury
On Sept. 10 the eight designers will present their collections at the Louis Vuitton Foundation in Paris.
Amancio Ortega Gaona
Amazon CEO Sells About $1 Billion in Company Stock
Jeff Bezos sold about $1 billion in company stock as part of a planned divestiture, a month after he said he spends about that amount annually on his space exploration company Blue Origin.
Zara Founder's Real Estate Assets Top €6 billion in 2015
Amancio Ortega, Europe's richest man and founder of global fashion group and Zara owner Inditex , held more than €6 billion ($6.6 billion) in prime real estate assets at the end of 2015.
Op-Ed | Fashion Brands Must Treat Garment Workers as Employees
To improve their lives, garment workers simply need to earn more. But this won’t happen until fashion businesses treat them as their own employees, argues Edward Hertzman.
Inditex: Agile Fashion Force
BoF gains rare access to Inditex — the world’s largest fashion retailer and parent company of Zara — to understand how the business is addressing the vast environmental impact of its operations.
Company Snapshot
The Spanish apparel mogul pioneered the ‘fast fashion’ business model at vertically-integrated goliath Zara.
The News in Brief
Valentino’s Full-Year Sales Fall 3 Percent
The results help to explain owner Mayhoola’s decision to shake up the brand’s aesthetic direction by hiring former Gucci designer Alessandro Michele.
TikTok’s Crackdown on Ozempic Influencers Threatens Weight-Loss Drug Hype Machine
The social media platform will effectively ban most weight loss-related content from appearing on its app starting next month, according to a sweeping new set of community guidelines published on its website last week.
Vivienne Westwood’s Personal Wardrobe To Be Auctioned
A taffeta ball gown with the span of a light aircraft is one of the more magnificent items to go on sale at Christie’s in June as part of an auction of the personal wardrobe of Dame Vivienne Westwood.
Valentino Chairman Bets Quiet Luxury Is Over After Michele Hire
The fashion industry’s era of so-called quiet luxury is over and affluent consumers will want bold designs again, the chairman of Valentino has predicted.
Marcelo Burlon Steps Down as Creative Director of Namesake Brand
Burlon, a former DJ, stylist and PR, founded the Milan-based label as a T-shirt line in 2012, inspired by ‘90s club culture.
Designer Nancy Gonzalez Sentenced to 18 Months in Exotic Skin Smuggling Case
The Colombian designer, whose bags have been worn by celebrities and featured on shows like Sex and the City, previously pled guilty to illegally importing millions of dollars of crocodile and snakeskin handbags into the US.
The Wealthy are Less Willing to Spend on Sustainable Products
Millennial and Gen-Z respondents were among the most likely to pay a premium for environmental-friendly practices.