LVMH-Backed L Catterton Agrees to Buy Majority Stake in Kiko
The private equity fund has entered into a definitive deal with the Percassi family, which will retain a “significant stake” in the business.
Bonnie Brooks
Power Moves | Walmart Appoints CMO, Oasis and Warehouse CEO departs
This week, Walmart taps a marketing executive from Target, while Oasis and Warehouse CEO departs after the company enters administration.
Announcing Simone Rocha, Soma and Billion Dollar Boy
Check out this week’s new partners and openings on BoF Careers, the global marketplace for fashion talent.
Retail Apocalypse Gives More Women a Shot as CEO
While the crop of chief executives at the biggest US companies gets more male, women have made some notable gains in retail.
Hudson’s Bay Chases Relevance
With millennial shoppers keener to buy online or directly from brands, Hudson's Bay has yet to offer something they can’t find somewhere else and risks drifting into irrelevance.
Chico's FAS Names Bonnie Brooks CEO
Brooks had been named interim CEO in April, following the abrupt resignation of Shelley Broader from her roles as chief executive and president of the company.
Power Moves | New Board Members at A&F, Burberry's Bailey Begins Dual Role, Rodriguez to Lela Rose
BoF compiles the most important professional moves of the week.
Abercrombie Bows to Activist Investor Engaged With New Directors
NEW YORK, United States — Abercrombie & Fitch Co. named four new independent directors to its board after forging a truce with activist investor
Room for a change, Milan collections close on high, The way we live, Streetstyle revolution, On to Paris
Room for Change (Montecristo) "This encapsulates much of what has been transpiring at the Bay stores across Canada the last few years, a signal that
Bonnie Brooks’ quest at The Bay, Tapping the blogosphere, Hermès’ defense, Adidas’ big plans, Kenzo celebrates
The Bay's fashion focus, Omnipresent customers, LVMH rebound, China boosts Burberry, Motoyama wisdom
The Bay finds new fashion focus (Vancouver Sun) "Two years after Bonnie Brooks took over the helm of the Canadian heritage department store -several
Williamson's H&M debut, LVMH Q1 positive, Japanese m-commerce, Brooks turns around The Bay
H&M launches Matthew Williamson collection (Drapers) "Hundreds of frenzied shoppers descended on H&M's Oxford Circus store in London like locust this
NRDC | Setting its sights on Canada
TORONTO, Canada - When Richard Baker , CEO of NRDC, bought The Hudson's Bay Company for a cool $8 billion last month, he announced his plans to turn
Company Snapshot
The seasoned retail executive brought fashionable new brands and Saks Fifth Avenue to ailing North American department store group Hudson's Bay, and now heads up women's clothing retailer Chico's FAS.
The News in Brief
Zara Re-Enters Venezuelan Market
The company confirmed in January that it planned to restart activities in Venezuela in the first half of 2024 with local partner Grupo Futura.
EU Hits Fast-Fashion Giant Shein With New Digital Rules
The move means Shein could be liable for fines of as much as 6 percent of global revenue for violating the law, designed to curtail the spread of illegal content online.
Shares of Versace Owner Capri Seen Falling 30% If Deal With Coach Owner Tapestry Fails
Since the merger announcement, Capri has reported weaker-than-forecast earnings twice, spurring concern about its performance in the coming quarters.
Celine Adds To Fragrance Line-Up
The new scent, Zouzou, is the fashion house’s first new perfume since 2022.
Unilever Sales Rise More Than Expected, Led by Beauty
Unilever Plc sales jumped more than expected in the first quarter as Chief Executive Officer Hein Schumacher pushes ahead with his turnaround plan and shoppers come back to premium brands.
Biden Signs Possible TikTok Ban Into Law; ByteDance Vows Legal Challenge
President Biden signed the bill that gives China-based ByteDance 270 days to divest TikTok’s US assets or face a ban.
Google Postpones Phasing Out of Ad Cookies in Chrome Browser
The Alphabet Inc. company said in a blog post Tuesday that it’s still working with the ad industry and regulators on the plan.