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.
From 20 years at Dior to luxury’s post-pandemic boom, Sidney Toledano has shaped the modern luxury business. ‘Desire is the most important thing,’ Toledano tells Laurence Benaïm.
Members of the industry index including Pierpaolo Piccioli and Francesca Bellettini connected over cocktails and canapes in Paris, celebrating new entrants including Pharrell Williams, Karol G and Sabato De Sarno.
Designer Marc Jacobs, CEO Eric Marechalle and LVMH Fashion Group boss Sidney Toledano speak exclusively to BoF about what it took to get the brand back on track.
LVMH-backed Loewe has acquired the colourful island label Paula’s with an eye to growing its vacation-wear business. It’s a more budget-friendly way to buy into designer Jonathan Anderson’s globetrotting bohemian vision.
Matthew M. Williams, founder of the luxury streetwear-inspired label 1017 ALYX 9SM, succeeds Clare Waight Keller. What expertise does he bring to the LVMH-owned brand?
First and foremost a human tragedy, the long-term effects of the coronavirus look set to extend well beyond Chinese consumption.
This week, Allbirds appoints an Old Navy executive to its board, while LVMH brand Moynat brings in a new CEO from stablemate Sephora.
On Wednesday, designer Guillaume Henry will present his first collection for Patou as LVMH aims to breathe new life into the heritage brand, in part by commissioning a documentary film.
South African designer Thebe Magugu has been awarded the LVMH Prize, and will receive €300,000 and a year-long mentorship.
The former Lacoste creative director will succeed design duo Carol Lim and Humberto Leon, who are officially parting ways with the LVMH-owned house on July 1.
As the season comes to a close, the market forces that will define the future of menswear are becoming more apparent — as are the job opportunities they will create.
The Institut Français de la Mode, newly formed in the merger of IFM and the École de la Chambre Syndicale de la Couture Parisienne, wants to be ‘the world’s best fashion school.’ In an exclusive interview with BoF, Dean Xavier Romatet lays out his strategy.
The Institut Français de la Mode, newly formed in the merger of IFM and the École de la Chambre Syndicale de la Couture Parisienne, wants to be ‘the world’s best fashion school.’ In an exclusive interview with BoF, Dean Xavier Romatet lays out his strategy.
The former chairman and CEO of LVMH Fashion Group was also behind the creative directorships of John Galliano, Raf Simons and Maria Grazia Chiuri at of one of the world’s most coveted brands.
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.
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.
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.
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 has named Julia Goddard chief executive following the departure of Manju Malhotra — who held the post for 25 years — in late 2023.
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.
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.
Amid a luxury slowdown, strong performance by LVMH’s perfumes and cosmetics and selective retailing divisions show a healthy appetite for beauty.