Giorgio Armani Posts 24% Profit Drop in Tough 2024, Steps Up Investments
The Milanese group was hit by declining revenues and a slight increase in operating costs but said it retained a long-term approach amid a sharp downturn in luxury demand.
News & Analysis
Fashion News, Analysis and Business Intelligence from the leading digital authority on the global fashion industry.
The Tenth Edition of BoF VOICES Is Coming: First Speakers Announced
Prada Group CEO Andrea Guerra, model Jean Campbell and MSCHF founder Gabriel Whaley are among the global experts who will share their insights at BoF’s annual gathering for big thinkers, now in its tenth year.
Fashion Is ‘Tarrif-ied’ of Trump
There’s no escaping the import duties, which were far more wide ranging and severe than anticipated. After the initial panic subsides, the hard work of adapting to the new regime begins, writes Imran Amed.
‘Mind-Boggling’ Tariffs Threaten Fashion With Covid-Level Crisis
The industry is scrambling to adjust to the shockwave of new import duties announced by President Donald Trump on ‘liberation day.’ Many of fashion’s biggest manufacturing hubs are facing the highest tariffs.
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Trump Puts Spotlight on Korea for ‘Higher-Than-China’ Tariff
President Donald Trump pointed to South Korea as a country with more unfair tariffs against American products than China, while slamming the handing out of subsidies for foreign chipmakers like Samsung Electronics Co.
News & Analysis
Tariffs on Canada, Mexico to Start Tuesday, Trump Says
US President Donald Trump declared there is no chance of preventing the 25 percent tariffs on Mexico and Canada from taking effect on Tuesday. The news sparked concerns over the potential economic impact and sent financial markets into turmoil.
Tariffs on Canada, Mexico to Start Tuesday, Trump Says
US President Donald Trump declared there is no chance of preventing the 25 percent tariffs on Mexico and Canada from taking effect on Tuesday. The news sparked concerns over the potential economic impact and sent financial markets into turmoil.
Trump Says Canada, Mexico Tariffs to Take Effect, Adds New China Duty
The president had paused the sweeping duties on Canada and Mexico on Feb. 3 for one month after both countries’ leaders announced new border security measures.
Is Fashion Learning to Love the Trumps?
The First Lady was largely ignored by the fashion establishment during Trump’s first term. The tide is turning.
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Bernard Arnault, Jeff Bezos and Mark Zuckerberg and More Attend Trump’s Inauguration
A number of top business leaders in fashion and tech attended the smaller-scale inauguration inside the US Capitol.
This Week: Ready or Not, Here Comes President Donald Trump
TikTok, tariffs and immigration are among the issues that could see major action taken in the opening days of Trump’s second term.
News & Analysis
Los Angeles Faces Little Relief From Fires as Winds Persist
Southern California’s devastating wildfires are not only threatening lives and properties but also disrupting key fashion hubs, posing risks to luxury retailers and cultural landmarks, as the industry braces for long-term impacts on supply chains and real estate.
Los Angeles Faces Little Relief From Fires as Winds Persist
Southern California’s devastating wildfires are not only threatening lives and properties but also disrupting key fashion hubs, posing risks to luxury retailers and cultural landmarks, as the industry braces for long-term impacts on supply chains and real estate.
LA Brands Pause Business as Usual for Wildfire Relief
Fashion and beauty companies have closed stores, offices and warehouses to focus on donations for those affected by the ongoing wildfires.
The News in Brief
E-Commerce Firm Jumia Draws Takeover Interest From Axian
A deal between the biggest e-commerce platform in Africa and telecommunications company Axian would help both company expand across the continent.
Billionaire H&M Founding Family Speeds Up Share Purchases
The Persson family and its related companies owned over 60 percent of H&M's shares at the end of May, prompting speculation the company may return to private ownership.
Kate Moss’ Cosmoss Enters Liquidation
The prestige skincare and wellness line founded by the British supermodel entered liquidation proceedings after failing to file its company accounts.
Vivienne Westwood and Rei Kawakubo Paired for Blockbuster Exhibition
The two era-defining avant-garde fashion designers will be the subject of a major exhibition at the National Gallery of Victoria in Australia.
Exclusive: Smythson of Bond Street Acquired by Oakley Capital
The British luxury lifestyle brand, known for its leather handbags, notebooks, homeware and other accessories, will look to accelerate its growth and expand internationally.
L’Oréal to Acquire Hair Care Brand Color Wow
Hair care was the second fastest-growing category at L’Oréal last year after fragrances.
Bold Management Acquires Influencer Agency The Digital Prototype
The deal bolsters Bold’s talent management capabilities in France.