EU Parliament Approves New Business Supply Chain Audit Law
EU lawmakers backed the Corporate Sustainability Due Diligence Directive by 374 votes to 235 against, with 19 abstentions.
Brunello Cucinelli
The BoF Podcast | Brunello Cucinelli on Humanistic Capitalism in an Age of AI
At BoF VOICES 2023, the Italian designer spoke about the balance required to run an ethical fashion business while embracing new technologies.
News & Analysis
BoF VOICES 2023: Craft, Culture and Colonial Legacies
Bottega Veneta designer Matthieu Blazy, Gap Inc CEO Richard Dickson, Brunello Cuccinelli and others discussed craft, culture, brand building and more, while a panel of sustainability stakeholders examined the colonial dynamics embedded in fashion’s climate crisis.
BoF VOICES 2023: Craft, Culture and Colonial Legacies
Bottega Veneta designer Matthieu Blazy, Gap Inc CEO Richard Dickson, Brunello Cuccinelli and others discussed craft, culture, brand building and more, while a panel of sustainability stakeholders examined the colonial dynamics embedded in fashion’s climate crisis.
Sanahunt’s Oskana Moroz-Hunt on Developing Luxury Menswear in Ukraine
BoF sat down with Oksana Moroz-Hunt, president and founder of Sanahunt, to learn how the largest luxury store in Ukraine is developing its menswear business.
The Fate of Formal Fashion Hangs by a Thread
The pandemic has had profound repercussions across the supply chains of suit makers and formalwear designers.
Positive Trading Updates Help Lift Luxury
Good news on current trading has caused the Savigny Luxury Index to bounce back this month.
Cucinelli Plans Store Expansions
Even as other luxury brands hesitate to predict business trends amid the uncertainties of the pandemic, Cucinelli is sticking with its 10-year growth projections for 2019-2028, with sales seen doubling in the period.
Why Aren’t More Chinese Department Stores Going Bankrupt?
While consolidation continues in China’s department store sector, the pandemic hasn’t dramatically hastened store closures and bankruptcies the way it has in the US. What’s their secret?
Brunello Cucinelli Expects Sales to Fall 10 Percent in 2020 as it Writes Down $34 Million in Excess Inventory
The Italian luxury group expects a recovery in the second half of the year.
Luxury's Bumpy Road Ahead
Investors are pinning their hopes on a 2021 recovery, but a worsening Covid-19 situation in the US and glum forecasts from the Federal Reserve indicate it won't be an easy path.
As Lockdowns Ease, Luxury Sees Record Valuation
Growth prospects for 2020 remain subdued, but investors are looking beyond the current crisis.
Designers Lobby to ‘Fix’ the Fashion System. Will It Work?
In recent weeks, three different groups of designers and retailers have proposed shifts to the industry’s product delivery and discounting calendars in a bid to create healthier, more profitable businesses. Can they pull it off?
Report: Balenciaga to Open a Store on London's Bond Street
The Kering-owned luxury brand reportedly paid $6.2 million to take over Russell & Bromley's lease.
Company Snapshot
The Italian entrepreneur has become known as the 'king of cashmere' for his luxury knits and ethical, sustainable and humanist approach to business.
The News in Brief
Italy Fines Amazon 10 Million Euros for Alleged Unfair Commercial Practices
Amazon “significantly restricted consumers’ freedom of choice” by automatically pre-setting a ‘Subscribe and Save’ option, the regulators said.
Chilean Retailer Falabella Aims to Close Several Major Asset Sales This Year
The closure is part of the company's plan to raise $850 million to $1 billion and help improve its credit metrics, said chief executive officer Alejandro González.
Chinese Tourists Are Again Embracing International Travel
The return of China’s travellers has long been awaited in the travel industry, which is expected to surpass pre-pandemic levels this year by contributing $11.1 trillion to the global economy.
Playground Closes $2 Million in Funding Round
The intimate wellness brand completed its first institutional raise after seeing 700 percent revenue growth and is launching in Target.
Galderma Sales Top $1 Billion, Led by Injectables
The public company reported strong sales, as demand for its dermatological skincare and injectable products surged.
EU Parliament Approves Ban of Products Made With Forced Labour
The European Parliament approved rules on Tuesday to ban in the EU the sale, import and export of goods made using forced labour.
Unilever India Is Losing Foreign Shareholders on High Valuations
Global investors have cut holdings of Hindustan Unilever Ltd. to a four-year low as the company grapples with weak consumer demand and rising competition.