Nike Says Job Cuts at Oregon Headquarters to Total More Than 700
Nike Inc. will have eliminated about 740 jobs at its headquarters by late June as part of its multiyear cost-cutting plan.
Frederic Court
How the Smart Money in Fashion Is Thinking About Web3
Investors with track records of predicting where fashion is headed have their own ideas of where the big opportunities lie in web3.
Felix Capital Is Backing Web3 Natives With New Funds
With its funds doubling to $1.2 billion, the venture-capital firm is searching for the next wave of companies that will enable consumers’ increasingly digital lifestyles.
Can Paris Grow Its Fashion-Tech Game?
Backed by the likes of President Macron and LVMH, the world’s fashion capital is rolling out the red carpet for tech start-ups as well as designer labels. BoF goes behind the hype.
Mejuri Wants to Upend Fine Jewellery With a Drop Model
The direct-to-consumer jeweller has raised $5 million in funding in a bid to revolutionise the industry through a drop model.
Fashion's Top VCs Open Their Playbooks
A new breed of VC firms is backing next-generation digital lifestyle brands targeting millennials. BoF talks to five of the top players to decode their investment theses.
VC Firm That Backed Gwyneth Paltrow Raises $150 Million
Felix Capital Partners plans to use the money to grab stakes in early-stage startups that tap into the growth of digital brands.
New York vs London: Which Is the World's Fashion-Tech Capital?
London and New York are both home to vibrant start-up ecosystems. But which is the world’s true fashion-tech capital?
Bits & Bytes | Social Commerce, Lucky, Frederic Court, Coupang
Bits & Bytes is a weekly roundup of the most important news in the fast evolving fashion-tech space.
Technology
Amidst a Profusion of Fashion E-Commerce Models, What’s Working?
In recent years, we’ve seen a veritable renaissance in online fashion retail, with venture money pouring into fashion e-commerce companies with a wide range of models. In the first of a series of articles on the current state of fashion e-commerce, sponsored by e-commerce software and platform solutions company Magento, BoF examines some of the models getting the most traction.
Amidst a Profusion of Fashion E-Commerce Models, What’s Working?
In recent years, we’ve seen a veritable renaissance in online fashion retail, with venture money pouring into fashion e-commerce companies with a wide range of models. In the first of a series of articles on the current state of fashion e-commerce, sponsored by e-commerce software and platform solutions company Magento, BoF examines some of the models getting the most traction.
Is There a Fashion-Tech Bubble?
As money pours into fashion-tech start-ups, at sky high valuations, BoF talks to leading investors to assess the existence of a bubble and understand what separates winning investments from those that are failing.
The News in Brief
P&G Lifts Annual Profit Forecast on Strong Us Consumer Demand, Easing Costs
Procter & Gamble raised its annual profit forecast on lower commodity costs and as consumers, particularly in the United States and Europe, kept buying its pricey Tide detergent and Dawn dish soap.
Frédéric Malle Steps Down From Namesake Brand
Frédéric Malle announced on Apr. 18 that he will be leaving his brand Editions de Parfums Frédéric Malle at the end of June.
With Succession in Focus, LVMH Adds Alexandre and Frédéric Arnault to Board
The two brothers join older siblings Antoine and Delphine, meaning that 4 out of Arnault’s 5 heirs now serve on the board. Bernard Arnault, age 75, has placed his controlling interest in LVMH in a stock-share partnership aimed at perpetuating family control.
Arnault Says He Hopes Tensions With China on Luxury Quiet Down
Billionaire Bernard Arnault said he hopes a planned visit to France next month by China’s Xi Jinping will help smooth trade relations between Paris and Beijing.
Vita Liberata Bought Back By Founder
Alyson Hogg, who founded the luxury tanning brand in 2003, has reacquired it from Crown Laboratories.
Swiss Watch Exports Plunge as China and Hong Kong Demand Dries Up
Monthly Swiss watch exports suffered their biggest decline since 2020 as demand for premium and luxury timepieces in key markets including China and Hong Kong plunged.
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.