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Market Buzz& Industry News

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Biden Signs $430 Billion Climate, Healthcare and Tax Bill

08/16/2022

President Joe Biden on Tuesday signed into law a $430 billion bill that is seen as the biggest climate package in US history, designed to cut domestic greenhouse gas emissions as well as lower prescription drug prices.

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Susan Plagemann Named President of WME Fashion

08/16/2022

The Condé Nast veteran will oversee a fashion portfolio that includes Art and Commerce, IMG Fashion Events and Properties, IMG Models and The Wall Group.

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Where to Invest in China

08/16/2022

Luxury brands are optimising their store networks in the mainland to better target shoppers in both unconventional and prime locations amid an increasingly worrying outlook.

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On Lifts Forecast on North America

08/16/2022

Net sales will probably reach 1.1 billion Swiss francs ($1.2 billion) in 2022, up from a previous target of 1.04 billion Swiss francs, the Zurich-based company said in a statement Tuesday.

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Watches of Switzerland More Cautious After Strong First Quarter

08/16/2022

Luxury watch retailer Watches of Switzerland expects a potentially more challenging trading environment in the second half of its current financial year, it said on Tuesday, as tough economic conditions impact spending patterns.

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Juicy Couture Owner Authentic Brands Buys Ted Baker

08/16/2022

The group has agreed to buy Ted Baker in a deal worth roughly £211 million ($254 million), ending months of speculation over the fate of the British fashion group.

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H&M Back to China’s Tmall After Cancellation Over Xinjiang

08/16/2022

The online store, which has more than 14 million subscribers, is now available on the marketplace owned by Alibaba Group Holding Ltd.

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Will the Luxury Party Last?

08/15/2022

Top luxury brands delivered strong first half results, propelled by a buoyant US market, a return to European travel and a cheap euro, but risks remain, writes Pierre Mallevays.

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A Veteran Beauty Executive’s Next Act: Men’s Skin Care Guru

08/15/2022

With his new brand Atwater, industry veteran Chris Salgardo wants to be a face men can trust with their skin care.

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Report: ABG Expected to Announce £200 Million Ted Baker Acquisition

08/15/2022

The Licensing firm is expected to reveal it has finalised a deal to purchase the London-based fashion brand for around £200 million.

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Richemont Says Ex-Bulgari CEO Is ‘Inappropriate’ for Board

08/15/2022

The group urged shareholders to vote against activist investor Bluebell’s proposal to appoint Francesco Trapani to the board because he is too closely associated with arch-rival LVMH.

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How to Overcome Imposter Syndrome in Fashion

08/15/2022

BoF Careers speaks to academics and industry professionals to understand how fashion can better alleviate the pervasive psychological — and environmental — experience.

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China Factory Orders Drop in Ominous Sign for Global Outlook

08/15/2022

Orders from overseas customers are drying up, with some predicting the best they can aim for is flat demand versus last year, according to more than a dozen export managers interviewed by Bloomberg News.

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The Best Jobs on BoF Careers

08/15/2022

BoF compiles the most exciting career opportunities now available on BoF Careers — including jobs from Burberry, Marine Serre and Kaleidoscope Consulting.

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What Fashion Retail Professionals Need to Know Today

08/15/2022

BoF Careers provides essential sector insights for fashion professionals in retail this month, to help you decode fashion’s retail landscape.

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Rethinking Luxury’s Relationship With Black Consumers

08/14/2022

Black Americans have long been avid buyers of high-end goods. Now their expectations are shifting, with important implications for brands.

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