Asos Says It Will Take ‘Necessary Actions’ After 18% Drop in Sales
Asos has said it will take “necessary actions” to transform its fortunes after the fast fashion retailer’s first-half losses widened and sales fell by nearly a fifth.
Blake Mycoskie
Lessons From the Rise and Fall of Toms Shoes
The once-hot footwear brand's story is a cautionary tale for companies reliant on a hero product and narrow brand messaging.
Business Opportunities Only Women Can See
Companies like Lola, Universal Standard and ThirdLove are tapping market opportunities that have long been in the blind spots of male entrepreneurs and investors.
Gwyneth Paltrow and Natalie Massenet Invest in 'Size-Inclusive' Brand Universal Standard
Tom and Ruth Chapman, Elizabeth Cutler, Toms founder Blake Mycosie and Sweetgreen’s Jonathan Neman and Nicolas Jammet also participated in the $7 million Series A round.
Announcing Estée Lauder Companies, Proenza Schouler, ATM Antony Thomas Melillo
Check out this week’s new partners and openings on BoF Careers, the global marketplace for fashion talent.
Blake Mycoskie on 10 Years of Toms
Blake Mycoskie, who founded one-for-one shoe company Toms in his California apartment, on the company's critics and 'chaotic' early days.
Op-Ed | In Defence of Toms
Acknowledging the limits of its 'one-for-one' model, Toms has evolved from a strictly aid-based approach to one that supports wider economic development through job creation and local trade, argues Derek Ruediger.
Op-Ed | The Problem with One-for-One Models
Companies like Toms have become popular because they assuage the guilt of many in the wealthy world who buy their products, while doing little to address the root causes of poverty, argues Grant van Sant.
Pop Quiz | Brunello Cucinelli, Kris Van Assche, Fragrances
How well have you read your BoF this week? Test your knowledge of all of the latest news and analysis from around the world of fashion in our Pop Quiz, which covers Brunello Cucinelli, Kris Van Assche, and more.
News & Analysis
Blake Mycoskie of Toms on Social Entrepreneurship and Finding His ‘Business Soulmate’
In the latest instalment of Founder Stories, a series highlighting the personal and professional journeys of some of fashion’s most dynamic entrepreneurs, BoF speaks with Blake Mycoskie, founder of Toms.
Blake Mycoskie of Toms on Social Entrepreneurship and Finding His ‘Business Soulmate’
In the latest instalment of Founder Stories, a series highlighting the personal and professional journeys of some of fashion’s most dynamic entrepreneurs, BoF speaks with Blake Mycoskie, founder of Toms.
The man behind Toms, Michael Kors' billions, Rise of luxury titles, Sharp suits, Liu Wen express
Best Foot Forward: The man behind Toms (Independent) "Toms, the brand behind these ethical espadrilles – with its singular tagline 'one for one' –
Company Snapshot
The social entrepreneur pioneered the ‘one for one’ giving model with his footwear start-up, which donates shoes to needy children.
The News in Brief
TikTok Divest-or-Ban Bill Heads to Fast Track in US Congress
The effort to force TikTok’s Chinese parent company ByteDance Ltd to divest its ownership of the social media platform would quickly become law under a plan outlined Wednesday by House Speaker Mike Johnson.
Lagardère Group Launches Egyptian Edition of Elle Magazine
The French publisher has appointed Tunis-based firm Nissa Editions Group as the local licensing partner and Cairo-based fashion media veteran Susan Sabet as both managing director and editor-in-chief of the new title.
Report: FTC to Consider Blocking Tapestry’s $8.5 Billion Capri Takeover
The US Federal Trade Commission (FTC) is preparing to sue to block Coach parent Tapestry’s $8.5 billion deal to buy Michael Kors owner Capri Holdings, NYT Dealbook reported on Wednesday, citing people familiar with the matter.
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.
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.