De Beers Makes Sweeping Cuts to Its Elite Diamond-Buying Club
The diamond company produced less than 22 million carats last year, down from almost 35 million in 2022.
materials
Retail
PVH’s Stefan Larsson on Harnessing Creativity to Energise Engagement
The chief executive of the company that owns Calvin Klein and Tommy Hilfiger says creativity will be even more of a differentiator in 2022 as fashion players better align merchandise planning with demand and continue their quest for greater market share.
PVH’s Stefan Larsson on Harnessing Creativity to Energise Engagement
The chief executive of the company that owns Calvin Klein and Tommy Hilfiger says creativity will be even more of a differentiator in 2022 as fashion players better align merchandise planning with demand and continue their quest for greater market share.
Sustainability
Novetex’s Ronna Chao on Winning the Circularity Game
As fashion brands pursue closed-loop recycling, they increasingly need to engage with suppliers who can help them source 'circular' materials and scale these efforts. However, the chairman of Novetex Textiles says meaningful mass adoption is a chicken-and-egg conundrum.
Novetex’s Ronna Chao on Winning the Circularity Game
As fashion brands pursue closed-loop recycling, they increasingly need to engage with suppliers who can help them source 'circular' materials and scale these efforts. However, the chairman of Novetex Textiles says meaningful mass adoption is a chicken-and-egg conundrum.
Technology
Aura Blockchain’s Daniela Ott on Persuading Luxury Rivals to Join Forces on Product Passports
As leader of the Aura Blockchain Consortium, Daniela Ott is tasked with persuading brands to join brands such as LVMH, Prada and Richemont-owned Cartier on the shared digital platform which creates ‘product passports’ for luxury goods.
Aura Blockchain’s Daniela Ott on Persuading Luxury Rivals to Join Forces on Product Passports
As leader of the Aura Blockchain Consortium, Daniela Ott is tasked with persuading brands to join brands such as LVMH, Prada and Richemont-owned Cartier on the shared digital platform which creates ‘product passports’ for luxury goods.
Sustainability
How Fashion Can Deliver on COP26 Ambitions
Amid mounting evidence of fashion’s dramatically negative climate impact, countries, communities and companies are mobilising around protecting the planet. However, a new era of climate action will be required if fashion is to meet ambitious targets to reverse the damage being done.
How Fashion Can Deliver on COP26 Ambitions
Amid mounting evidence of fashion’s dramatically negative climate impact, countries, communities and companies are mobilising around protecting the planet. However, a new era of climate action will be required if fashion is to meet ambitious targets to reverse the damage being done.
Sustainability
The Year Ahead: Paving the Way for Closed-Loop Recycling
The scaling of closed-loop recycling could help reduce fashion’s environmental impact at the materials level. The technologies to make this happen are maturing, creating an opportunity for companies to embed them in a product’s design phase while adopting processes to enable scaling.
The Year Ahead: Paving the Way for Closed-Loop Recycling
The scaling of closed-loop recycling could help reduce fashion’s environmental impact at the materials level. The technologies to make this happen are maturing, creating an opportunity for companies to embed them in a product’s design phase while adopting processes to enable scaling.
Technology
The Year Ahead: What Product Passports Will Do for Brands
Brands are adopting new technologies that store and share product information to improve authentication, provide transparency and boost consumer trust. However, for “product passports” to truly gain traction, businesses must coalesce around common standards and engage with pilot projects at scale.
The Year Ahead: What Product Passports Will Do for Brands
Brands are adopting new technologies that store and share product information to improve authentication, provide transparency and boost consumer trust. However, for “product passports” to truly gain traction, businesses must coalesce around common standards and engage with pilot projects at scale.
Technology
VOICES 2021: Innovations Changing Fashion
In the third session of BoF’s annual gathering, Merlin Sheldrake, Ian Rogers, Wayne McGregor and others examined mycelium-based leather, virtual clothing, cyber threats and AI.
VOICES 2021: Innovations Changing Fashion
In the third session of BoF’s annual gathering, Merlin Sheldrake, Ian Rogers, Wayne McGregor and others examined mycelium-based leather, virtual clothing, cyber threats and AI.
Sustainability
Vivienne Westwood’s Climate SOS
In the first session of BoF’s VOICES 2021 gathering, speakers including Vivienne Westwood and Janaya Future Khan addressed the climate crisis, stakeholder capitalism, what activism really means and more.
Vivienne Westwood’s Climate SOS
In the first session of BoF’s VOICES 2021 gathering, speakers including Vivienne Westwood and Janaya Future Khan addressed the climate crisis, stakeholder capitalism, what activism really means and more.
Sustainability
How Ganni Plans to Eliminate Leather
Around a fifth of the Danish brand’s sales came from handbags, shoes and other leather pieces last year, but it’s on a mission to stop using virgin leather by 2023.
How Ganni Plans to Eliminate Leather
Around a fifth of the Danish brand’s sales came from handbags, shoes and other leather pieces last year, but it’s on a mission to stop using virgin leather by 2023.
News & Analysis
The State of Fashion 2022: Global Gains Mask Recovery Pains
The sixth annual State of Fashion report by The Business of Fashion and McKinsey & Company forecasts that the global fashion industry will find its feet again after nearly two years of disruption, though supply chain headwinds will threaten growth prospects. Download the full report to understand the 10 themes that will define the industry in the year ahead and how to navigate the currents they create.
The State of Fashion 2022: Global Gains Mask Recovery Pains
The sixth annual State of Fashion report by The Business of Fashion and McKinsey & Company forecasts that the global fashion industry will find its feet again after nearly two years of disruption, though supply chain headwinds will threaten growth prospects. Download the full report to understand the 10 themes that will define the industry in the year ahead and how to navigate the currents they create.
Retail
Responsibility: How Can Luxury Balance Profit and With Purpose?
Can a business based on changing our clothes change its ways?
Responsibility: How Can Luxury Balance Profit and With Purpose?
Can a business based on changing our clothes change its ways?
Retail
Why Price Inflation Is Coming to Fashion
Apparel prices are rising at their fastest pace in years, as the cost of everything from cotton to container shipping soars. BoF lays out how to seize the opportunity to break a decade-long cycle of discounting.
Why Price Inflation Is Coming to Fashion
Apparel prices are rising at their fastest pace in years, as the cost of everything from cotton to container shipping soars. BoF lays out how to seize the opportunity to break a decade-long cycle of discounting.
The News in Brief
L’Oréal India in Talks to Acquire Beauty Company Innovist
L’Oréal is in advanced talks to acquire a majority stake in Bare Anatomy parent Innovist sources told The Economic Times India.
Zegna Chairman Says War Has Clouded Visibility of Demand in Middle East
The Italian fashion house cautioned the war is reducing visibility on demand in the Middle East, which accounts for 7 percent of its sales, though all stores are currently open in the region.
Glossier Appoints New CMO
Nicole Solorzano, who joins from Ouai, is the Millennial beauty brand’s latest hire.
Macy’s CEO Points to E-Shaped Economy, Signalling Consumer Shift
The mention of a forked economy by the head of America’s largest department store signals a heightened wariness that middle-income Americans will continue to spend at the same pace.
France’s Bid to Suspend Shein’s Marketplace Rejected by Appeals Court
The decision from Paris’ Court of Appeal marked a win for the fast-fashion giant after a scandal over sex dolls resembling children for sale on its site.
Coty Announces Board Revamp
The embattled Covergirl owner has appointed five new independent directors amidst a wider leadership and company shakeup.
Zimmermann Names Roberto Eggs CEO
The Moncler Group executive will succeed longtime CEO Chris Olliver, who is staying on as executive chairman.