Market Buzz& Industry News
brought to you by Gamechangers
Biden Signs $430 Billion Climate, Healthcare and Tax Bill08/16/2022
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.
Susan Plagemann Named President of WME Fashion08/16/2022
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.
Where to Invest in China08/16/2022
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.
On Lifts Forecast on North America08/16/2022
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.
Watches of Switzerland More Cautious After Strong First Quarter08/16/2022
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.
Juicy Couture Owner Authentic Brands Buys Ted Baker08/16/2022
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.
H&M Back to China’s Tmall After Cancellation Over Xinjiang08/16/2022
The online store, which has more than 14 million subscribers, is now available on the marketplace owned by Alibaba Group Holding Ltd.
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.
A Veteran Beauty Executive’s Next Act: Men’s Skin Care Guru08/15/2022
With his new brand Atwater, industry veteran Chris Salgardo wants to be a face men can trust with their skin care.
Report: ABG Expected to Announce £200 Million Ted Baker Acquisition08/15/2022
The Licensing firm is expected to reveal it has finalised a deal to purchase the London-based fashion brand for around £200 million.
Richemont Says Ex-Bulgari CEO Is ‘Inappropriate’ for Board08/15/2022
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.
How to Overcome Imposter Syndrome in Fashion08/15/2022
BoF Careers speaks to academics and industry professionals to understand how fashion can better alleviate the pervasive psychological — and environmental — experience.
China Factory Orders Drop in Ominous Sign for Global Outlook08/15/2022
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.
The Best Jobs on BoF Careers08/15/2022
BoF compiles the most exciting career opportunities now available on BoF Careers — including jobs from Burberry, Marine Serre and Kaleidoscope Consulting.
What Fashion Retail Professionals Need to Know Today08/15/2022
BoF Careers provides essential sector insights for fashion professionals in retail this month, to help you decode fashion’s retail landscape.
Rethinking Luxury’s Relationship With Black Consumers08/14/2022
Black Americans have long been avid buyers of high-end goods. Now their expectations are shifting, with important implications for brands.