Exclusive: Deciem to Relaunch The Chemistry Brand
The Estée Lauder-owned beauty company and The Ordinary parent will relaunch one of its original brands as it moves to rekindle its reputation for incubation.
real-estate
Retail
Big Box Retailer Pounces on J.C. Penney’s Closed Stores
When J.C. Penney Co. announced this month that it would shut 40 US stores, At Home Group Inc. saw an opening. Executives at the retail chain called J.C. Penney within a few hours to express interest in buying some of them.
Big Box Retailer Pounces on J.C. Penney’s Closed Stores
When J.C. Penney Co. announced this month that it would shut 40 US stores, At Home Group Inc. saw an opening. Executives at the retail chain called J.C. Penney within a few hours to express interest in buying some of them.
Retail
World Trade Center Shops to Open in 2015 With Eataly, Kors
Leasing of stores at the World Trade Center site in lower Manhattan is almost complete, with a tenant list that includes Breitling, Michael Kors and an outpost of Mario Batali’s Eataly.
World Trade Center Shops to Open in 2015 With Eataly, Kors
Leasing of stores at the World Trade Center site in lower Manhattan is almost complete, with a tenant list that includes Breitling, Michael Kors and an outpost of Mario Batali’s Eataly.
News & Analysis
Miami’s Billion-Dollar Art Fair Becomes Platform for Selling Everything
As Miami readies for the 13th installment of Art Basel Miami Beach, among the world’ most important contemporary art fairs, a five-day extravaganza that has become a magnet for high-end real estate and luxury brands to align themselves with the artistic set to attract the world’s biggest spenders.
Miami’s Billion-Dollar Art Fair Becomes Platform for Selling Everything
As Miami readies for the 13th installment of Art Basel Miami Beach, among the world’ most important contemporary art fairs, a five-day extravaganza that has become a magnet for high-end real estate and luxury brands to align themselves with the artistic set to attract the world’s biggest spenders.
Global Markets
Champs-Élysées Seeks Overhaul Amid Growing Competition
Paris’s most-famous avenue, the Champs-Élysées, needs a facelift. That’s the verdict of building owners and retailers located on the street. They are now trying to convince the city of Paris that the avenue is ripe for refurbishment 20 years after its last renovation.
Champs-Élysées Seeks Overhaul Amid Growing Competition
Paris’s most-famous avenue, the Champs-Élysées, needs a facelift. That’s the verdict of building owners and retailers located on the street. They are now trying to convince the city of Paris that the avenue is ripe for refurbishment 20 years after its last renovation.
Retail
Saks Fifth Avenue Building in Manhattan Valued at $3.7 Billion
The landmark Saks Fifth Avenue building in Manhattan was appraised at about $3.7 billion as part of an effort by parent Hudson’s Bay Co. to squeeze more money out of its real estate.
Saks Fifth Avenue Building in Manhattan Valued at $3.7 Billion
The landmark Saks Fifth Avenue building in Manhattan was appraised at about $3.7 billion as part of an effort by parent Hudson’s Bay Co. to squeeze more money out of its real estate.
Global Markets
As Recession Looms, Moscow Prepares for Europe’s Biggest Mall
The Aviapark mall will open its doors, just as Russia is headed toward recession and its businesses are contending with international sanctions over the conflict in Ukraine.
As Recession Looms, Moscow Prepares for Europe’s Biggest Mall
The Aviapark mall will open its doors, just as Russia is headed toward recession and its businesses are contending with international sanctions over the conflict in Ukraine.
Luxury
The House That Fashion Built
Some of the world’s largest fashion brands are creating branded hotels and private residences as well as the homewares to fill them, tapping easy additional revenue streams and constructing powerful brand beacons in emerging markets.
The House That Fashion Built
Some of the world’s largest fashion brands are creating branded hotels and private residences as well as the homewares to fill them, tapping easy additional revenue streams and constructing powerful brand beacons in emerging markets.
Retail
Can Post-Crisis Dubai Become the World’s Largest Consumer Fashion Hub?
After London, Dubai is the second most popular place in the world to shop for fashion and luxury goods. Can it become number one? Six years after the devastation of a global recession that saw billions wiped off the value of local real estate, BoF sits down with Mohamed Alabbar, architect of the emirate’s retailing success, to understand his vision for the future.
Can Post-Crisis Dubai Become the World’s Largest Consumer Fashion Hub?
After London, Dubai is the second most popular place in the world to shop for fashion and luxury goods. Can it become number one? Six years after the devastation of a global recession that saw billions wiped off the value of local real estate, BoF sits down with Mohamed Alabbar, architect of the emirate’s retailing success, to understand his vision for the future.
Retail
Sears to Lease Retail Space in US Northeast to UK’s Primark
AMSTERDAM, Netherlands — Sears Holding Corp. will lease seven standalone stores in the U.S. to the U.K.'s Primark budget- clothing chain as the
Sears to Lease Retail Space in US Northeast to UK’s Primark
AMSTERDAM, Netherlands — Sears Holding Corp. will lease seven standalone stores in the U.S. to the U.K.'s Primark budget- clothing chain as the
Retail
Nordstrom Seeks Space for a Second Manhattan Store
NEW YORK, United States — Nordstrom Inc., the retailer planning to open its first New York City store on Midtown's West 57th Street, is seeking space
Nordstrom Seeks Space for a Second Manhattan Store
NEW YORK, United States — Nordstrom Inc., the retailer planning to open its first New York City store on Midtown's West 57th Street, is seeking space
News & Analysis
Is London’s Luxury Ground-Zero Under Threat?
London’s Mayfair continues to attract large numbers of high-net-worth individuals from around the world and the luxury brands that court them. But there are concerns in some quarters that the area’s high-end hipness is threatening the very characteristics that made it desirable in the first place.
Is London’s Luxury Ground-Zero Under Threat?
London’s Mayfair continues to attract large numbers of high-net-worth individuals from around the world and the luxury brands that court them. But there are concerns in some quarters that the area’s high-end hipness is threatening the very characteristics that made it desirable in the first place.
The News in Brief
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.
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.