2023

The Business of Fashion
The Art Newspaper - International art news and events

Will the End of De Minimis Kill the Shein Haul?

As the de minimis loophole is set to close in the US, the fate of fast-fashion purveyors Shein and Temu, who announced price increases effective today, hangs in the balance. [...]

As Foreign Tourists Stay Away, US Retailers Dust Off Their Covid Playbooks

International visits to the US are falling fast due to tariffs and growing tensions between America and the rest of the world. The silver lining for retailers: they’ve been down [...]

US and China Holding Talks on Trade War, Trump Says After Beijing Rebuttal

Trump told reporters the US and China held talks on Thursday to resolve the trade war between the world’s two largest economies. [...]

Francois Pinault’s Wealth Slides as Heir Fails to Revive Gucci

The 88-year-old founder of Kering SA has seen his net worth drop by 29 percent to $18.6 billion since August 2021. [...]

Authentic Brands Group Weighs Rival Bid for Guess?

The New York-based brand management company is considering launching a rival takeover bid for American clothing company Guess? Inc. [...]

P&G Lowers Sales Guidance on ‘Volatile’ Market Conditions

The manufacturing company’s prices rose by 1 percent in the three months that ended on March 31 , driven by beauty and grooming products, whose sales increased slightly. [...]

Coty to Cut 700 Jobs As Part of Cost-Saving Initiative

The American beauty conglomerate announced on Thursday that a newly enhanced cost-saving programme will cull 700 jobs across the globe, around 5 percent of its workforce. [...]

China Says US Should Revoke Unilateral Tariffs, Denies Talks

Chinese Commerce Ministry spokesman He Yadong said Thursday, “Any reports on development in talks are groundless” and called for the US to revoke all unilateral tariffs imposed on China. [...]

Topshop to Return to High Street With Outlets in Other Retailers’ Stores

The UK fashion retailer said it had already signed deals with retail partners and was seeking more, with no current plans for a standalone location. [...]

Mytheresa Finalises YNAP Acquisition

The combined companies will start trading under the name LuxExperience on the New York Stock Exchange by May 1. [...]

Asos Confident on Growth Amid Tariff Uncertainty

The British online fashion retailer’s first half earnings beat expectations as a long-term turnaround plan started to pay off. [...]

Unilever Sales Rise 3% on Demand For Premium Products

The European consumer goods giant beat expectations in its first-quarter earnings, citing strong demand and successful price increases. [...]

How to Get Beauty PR Right in Africa

Global lines like MAC Cosmetics and Tom Ford have spent the past decade laying the groundwork and solidifying their distribution channels. Now, they’re attempting to create marketing activations to drive [...]

Acne Studios Names Brune Buonomano CMO

Acne Studios named Brune Buonomano its new chief marketing officer effective May 5, the Swedish brand announced in a statement Thursday. She succeeds Isabella Burley, who announced her departure from the brand [...]

Exclusive: Inside Adidas’ Running Strategy

The company’s new supershoe for elite runners, the Adizero Adios Pro Evo 2, has arrived, and with a revamped running portfolio, Adidas aims to get more casual runners in its [...]

Major David Bailey Exhibition to Open in Spain

Inditex chairperson Marta Ortega Perez’s MOP Foundation will stage ‘David Bailey’s Changing Fashion’ in A Coruña this summer. [...]

Nike Seeks Brand Boost in Shoe Science for Kipyegon’s 4-Minute Mile Bid

The sportswear brand announced Wednesday its plans to improve sneaker technology to help Kenyan track star Faith Kipyegon break a women’s record by running a mile in under four minutes. [...]

Louis Vuitton Raises Price on Popular US Bag Following New Trump Tariffs

The luxury brand has hiked the Neverfull GM bag’s price by 4.8 percent since last week. [...]

‘They Played Us’: Forever 21 Vendors Scorn Retailer’s Bankruptcy

Several vendors are alleging the fast-fashion brand’s US operator requested heavy discounts on orders and took delivery of shipments shortly before filing for bankruptcy without disclosing its plans to reorganise. [...]

Adidas Earnings Bolstered Again by Retro Sneaker Craze

The German sportswear company posted operating profit of €610 million ($692 million) in the quarter, beating expectations. [...]

Kering’s Woes Deepen as Gucci Sales Tumble 25%

Group revenues fell 14 percent in the first quarter as Saint Laurent and Balenciaga also suffered from the downturn in luxury demand. [...]

Trump Floats ‘Substantial’ China Tariffs Cuts in Trade Deal

‘It will come down substantially but it won’t be zero,’ Trump said Tuesday in Washington following earlier comments from Treasury Secretary Scott Bessent that the standoff was unsustainable. [...]

Nike Adds New Strategy Head to Aid Company Turnaround

Nike confirmed Jennifer Hartley will begin her position of chief strategy officer this week. [...]

Lilly Sues Four Compounders Over Copies of Weight-Loss Drugs

Eli Lilly announced Wednesday it had sued four compounders for selling unapproved products containing tirzepatide, the main ingredient in Lilly's weight-loss and diabetes medicines, after a US judge blocked copies [...]

Do Beauty Brands Need Sample Sales?

Borrowing from fashion’s playbook, beauty brands are using limited-time shopping events to clear excess inventory. But the fast-paced, discount-driven model poses unique challenges for cosmetics, skincare and haircare. [...]

Fashion’s Unexpected Data Treasure Troves

A wave of independent fashion brokers — including sourcers, Substackers and stylists — are figuring out how to use the information they gather from their plugged-in audiences, who are increasingly [...]

Explainer: The Digital Advertising Disruption Coming for Fashion

With Google’s online advertising business declared an illegal monopoly and Meta at risk of spinning off Instagram, the digital advertising market could be headed for an overhaul with a looming [...]

Reports: Saks Global Culls Corporate Workforce, Shutters Warehouse in Tennessee

The department store chain, which now encompasses Neiman Marcus stores and Bergdorf Goodman, will eliminate hundreds of jobs in consolidation and cost-saving efforts. [...]

Hermès Heir ‘Strongly Contests’ Lawsuit Over $16 Billion Fortune

Honor America Capital LLC accused Nicolas Puech, a fifth-generation descendant of the Hermès founder, of failing to deliver Hermès International SCA shares worth $16 billion as part of a sale [...]

The Estée Lauder Companies Taps First Chief Technology, Data and Analytics Officer

Brian Franz, who joins from financial firm State Street, is president and chief executive Stéphane de La Faverie’s first external leadership hire. [...]

Nelson-Atkins Museum picks architect for $160m expansion

The museum in Kansas City has tapped the firm Weiss Manfredi to overhaul its campus [...]

Rembrandt works called into question by experts in the Netherlands

Conservators at The Mauritshuis gallery say famous paintings may have been made by the Dutch Old Master’s students or studio assistants [...]

Yayoi Kusama survey at National Gallery of Victoria becomes best-selling art exhibition in Australian history

The museum reported that 570,537 tickets were purchased for the show, which closed in April [...]

Former Sotheby's chairman recounts the birth of the London art market as we know it

James Stourton's new book explores changes from the power shift to the auction houses in the mid-20th century to the excesses of the 1980s and 90s [...]

Zurab Tsereteli, Georgian-born artist and Russian patriot, has died aged 91

Artist, who also ran museums and institutions in Russia, was best known for his monumental sculptures, including a 30m-high memorial to victims of 9/11 in the US [...]

Ahead of Romania’s re-run presidential election, its art scene remains vigilant

With the far-right candidate George Simion leading in the polls, concerns have been raised about what his victory may mean for “contemporary, critical, or progressive forms of art and culture” [...]

Taiwan's newest art institution taps into a flourishing local scene

The New Taipei City Art Museum, which opens to the public on 25 April, is part of a drive to distinguish the municipality from the neighbouring capital [...]

Comment | Trims to Sotheby's African Modern and contemporary art department are just one unwelcome sign for this previously healthy market

Auction sales for contemporary and Modern African art have declined—but African art fairs are still going strong [...]

Blanc gallery celebrates 15 years in Chicago's historic centre of Black enterprise

A springboard for emerging and overlooked artists, the Bronzeville space offers a bridge to other institutions [...]

Banksy balloon heart mural back on view in New York ahead of charity auction

The giant slab of wall adorned with Banksy's "Battle To Survive a Broken Heart" will go to auction to benefit the American Heart Association [...]

Hotly debated Caravaggio becomes ‘first by the artist to be shown in India’

“Mary Magdalene in Ecstasy” will be on display at the Kiran Nadar Museum of Art in Delhi until 18 May [...]

Swiss Bührle Foundation reaches settlement with heirs of Jewish collector over Manet’s ‘La Sultane’

The settlement with the successor of Max Silberberg, of which details are confidential, allows the painting to remain on display at the Kunsthaus Zurich [...]

The story of the Met’s ‘missing’ Banksy

The New York museum’s former security head admits to taking the street artist's work after it was illicitly hung on the wall in 2005 [...]

Tate announces 2025 Turner Prize shortlist

The four nominated artists will take part in an exhibition in Bradford later this year as part of the UK City of Culture festival [...]

Guy Ullens, collector and patron of Chinese contemporary art, has died, aged 90

The Belgian businessman co-founded Beijing’s Ullens Center for Contemporary Art (UCCA) in 2007 with his wife Myriam Ullens [...]

Kehinde Wiley responds to woman's lawsuit alleging sexual assault

This is the first known time allegations against Wiley have been brought to court [...]

Jeremy Deller to close National Gallery's bicentenary celebrations with ‘first of its kind’ parade and party

The event, planned to take place in London's Trafalgar Square on 26 July, will draw folklore and traditions from across the UK [...]

Why the inaugural Art Week Riyadh was a fair in everything but name

The event saw 32 galleries take part to test out Saudi Arabia's growing art market—but organisers maintain it was a non-commercial venture [...]

‘Message of solidarity’: Barbara Kruger to unveil new text work on Ukrainian train

The work will travel across Ukraine, emblazoned across a passenger train [...]

Expo Chicago connects the Midwest to the global art market

For its second edition under Frieze’s ownership, the Windy City’s art fair aims to extend its international impact, including deepening ties with Korean galleries [...]

Chicago's cultural affairs department hits crisis point

The Department of Cultural Affairs and Special Events recently added new members to its Cultural Advisory Council to help right the ship [...]

Spencer Finch and Lindsay Adams to create large-scale commissions for Obama Presidential Center

The centre in Chicago will feature a tiled installation by Finch and a bright, abstract composition by Adams [...]

Wafaa Bilal: ‘I see democracy slowly eroding now’

On the occasion of his solo exhibition at the Museum of Contemporary Art Chicago, the Iraqi American artist reflects on how his work grapples with the personal impact of political power [...]

Turkish artists face pressure amid government crackdown on opposition

Mahir Polat, the head of Istanbul’s cultural heritage department, was recently released after being arrested along with other key cultural figures [...]

Haarlem Resistance hero commemorated with illicit 'stumbling stone'

When the Dutch city authorities declined to honour the bravery of a policeman who sheltered Jewish people, his family enlisted the help of the artist Gunter Demnig [...]

San Francisco Art Fair brings attention to Bay Area scene and sales for exhibitors from near and far

The fair’s programming included events with local institutions and stands devoted to non-profits and collectives [...]

World leaders pay tribute to Pope Francis, spiritual leader of the Catholic church and custodian of the Vatican’s treasures, who has died, aged 88

The election of the new pope will be closely watched by supporters of the Argentinian pontiff’s legacy looking for a successor who will act as a progressive voice, highlighting global [...]

Remembering Pope Francis, for 12 years head of the Catholic church and proprietor in trust of the Vatican's library and art collections

The Argentinian pontiff was a powerful progressive voice in world politics, the first Jesuit priest to be spiritual leader of the world’s 1.3 billion Catholics and the first from the [...]

Nova Contemporary gallery taps into Thailand’s burgeoning market

The Bangkok space opens new premises this month, ahead of major new private museum Dib Bangkok [...]

Oklahoma slam dunk: Indigenous artist invites visitors to shoot hoops as part of his latest show

Alongside his paintings and sculptures, Hock E Aye Vi Edgar Heap of Birds has created two public art installations in the form of basketball courts, where visitors are encouraged to [...]

What not to miss at this year's Venice Architecture Biennale

We introduce the 2025 main exhibition and pick out the national pavilions to look out for [...]

'These strings are connective tissues between points and cultures': Jennie C. Jones on her sonic sculptures on the Metropolitan Museum's roof

The artist's installation on the Metropolitan Museum of Art's Roof Garden explores the outer limits of sound and form [...]

David Geffen files countersuit against Justin Sun as collectors' fight over $78m Giacometti escalates

Geffen's countersuit comes two months after Sun, the crypto investor and buyer of Cattelan's Comedian, sued claiming ownership of the sculpture Le Nez [...]

Democratic lawmakers urge J.D. Vance to save the Smithsonian from Trump

Four members of the House of Representatives wrote a letter to the US Vice-President to articular their "great concern over [the Smithsonian's] future" [...]

Regional strength helps insulate Art Dubai from tariff-related turbulence

Lower price points and Dubai's enduring status as a tax haven buoyed sales [...]

Canadian art museum gets $36m funding boost for expansion from provincial government

The McMichael Canadian Art Collection, the country’s largest museum devoted to Canadian art, has also received $18m from the federal government toward the renovation and expansion project [...]

Basquiat's family portrait painting could bring $30m at Christie's auction

The painting "Baby Boom" was featured in one of the artist's first solo exhibitions at Fun Gallery [...]

Van Gogh’s love of Hiroshige, the Japanese master of the landscape, will be reflected in a British Museum exhibition

Vincent’s own copy of print which inspired one of his paintings is to be shown in London [...]

New book explores the complex history of Jewish country houses

A large-scale study of the stories behind these buildings, their architecture and collections [...]

An inside track on the Huntington’s rapid social media growth

The California institution is one of the top five museums for social media growth in the world in the past year. We spoke to the museum's director of digital and [...]

Tune in and zone out: new project shares the sounds of Unesco World Heritage Sites

Released to mark World Heritage Day, soundscapes include the “cacophony” of the Sistine Chapel and the “reverberating” Taj Mahal [...]

Holy smoke! London’s National Gallery used to allow visitors to spark up just metres from the art

The museum's former smoking room recently became part of the Roden Centre for Creative Learning [...]

Los Angeles wildfire memorial project seeks to save chimneys from famous architects’ houses

Chimneys from Pacific Palisades homes designed by Richard Neutra, Eric Lloyd Wright and others—in many cases the homes’ only remaining elements—would be turned into a memorial for wildfire victims [...]

teamLab in Abu Dhabi, Christine Sun Kim and Thomas Mader, Vermeer’s final painting?—podcast

The lowdown on the Japanese collective teamLab’s new immersive art space, plus two artists discuss their London show exploring languages and stigma in Deaf and hearing cultures, and a chat [...]

Getty Museum acquires painting by Spanish Renaissance master Luis de Morales following extensive conservation

The painting, “Christ Carrying the Cross”, from around 1565, had been enlarged in the 18th century, work the Getty’s conservators had to painstakingly undo [...]

How the Imperial War Museum became the reluctant owner of an official Nazi portrait of Adolf Hitler

The painting by the Nazi artist Heinrich Knirr was originally installed in the German embassy in London in 1937 [...]

Prestigious prize for women artists celebrates 20 years with Florence show

The nine past winners of the Max Mara Art Prize for Women—Andrea Buttner and Laure Prouvost among them—are all presenting work at the Palazzo Strozzi [...]

Qatari sheikh wins case against Phoenix Ancient Art over allegedly forged antiquity

The New York- and Geneva-based gallery says it will appeal the ruling in the case brought by Sheikh Hamad Bin Abdullah al-Thani [...]

Palestinian photojournalist Samar Abu Elouf wins World Press Photo with image of young Gazan amputee

The subject of the photograph taken for “The New York Times” is nine-year-old Mahmoud Ajjour, who lost both his arms in an Israeli attack on Gaza a year ago [...]

SXSW London's exhibitions line-up puts emphasis on art and technology and artists from London’s Caribbean diaspora

Andy Warhol, Alvaro Barrington, Tavares Strachan, Beeple, Alberta Whittle, Holly Herndon and Mat Dryhurst among featured visual artists in June shows in Shoreditch, east London [...]

2023

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Lazin Magazine – InFFINity and Beyond – September 2023

Lazin Magazine – Sizzling Sicilian – August 2023

Lazin UK – BeDazzling Brisbane October 2023

Lazin UK – Devious December 2023 – Art Special

Lazin UK – Fashion Weeks Special November 2023