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.
Burak Cakmak
The Middle East Fashion Week Labyrinth
Designers in the region struggle to navigate a fragmented market of competing fashion week events with ambiguous agendas and mixed results.
Six Fashion Careers of the Future
From consumer psychologists to data scientists, BoF meets fashion professionals working in “careers of the future” to learn about how their work contributes to the industry.
A Global Conversation About Fashion Education
With the launch of BoF Education, fashion education now has a global home for exchange, conversation and debate.
Under New Direction, Parsons Puts Sustainability First
Set to join Parsons as the new dean of fashion, Burak Cakmak speaks to BoF about his vision for one of world’s most distinguished creative incubators.
Company Snapshot
After spearheading sustainability initiatives at the likes of Kering and Swarovski, he took the helm at one of the industry’s most distinguished educational institutions before leading the Fashion Commission of Saudi Arabia’s Ministry of Culture.
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.