2025

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

Novo Nordisk Ousts CEO After Falling Behind in Weight Loss Market

Jorgensen told Reuters in an interview that he did not see the decision coming, and was only informed very recently. [...]

The Next Sneaker Powerhouse?

Dick’s Sporting Goods’ surprise purchase of Foot Locker sets it up to be a major new player in the global sneaker market — if it can execute on its vision. [...]

‘Big Short’ Investor Michael Burry Doubles Stake in Cosmetics Maker Estée Lauder

The US investor’s Scion Asset Management now owns 200,000 shares in the beauty conglomerate valued at $13.2 million. [...]

Mexican Authorities Investigating Murder of Beauty Influencer

President Claudia Sheinbaum said Mexico’s security cabinet will investigate the murder of beauty influencer Valeria Màrquez, who was killed during a TikTok livestream. [...]

LVMH Shares Have Lost Their Lustre

The luxury giant’s stock market valuation is languishing at the bottom of its five-year range, but that still hasn’t proved enough of a markdown to lure back investors. [...]

Christian Dior Couture Client Data Breached in Cyber Attack

LVMH’s second biggest fashion label said an “unauthorised external party” accessed some customers’ data, but not financial information. [...]

Richemont Sales Jump on Strong Demand for Cartier

Sales in the Swiss group’s all-important jewellery unit soared 11% in the most recent quarter, making Richemont more resilient than rivals like LVMH in a challenging market for luxury goods. [...]

Retail’s Looming Inventory Problem

Amid tariff whiplash, retailers are scrambling to balance demand with delayed shipments. Too much stock — or too little — could spell disaster for fall and holiday collections. [...]

How to Make Millions Selling Temporary Tattoos

It’s the one category that transcends every demographic. Bonus: They can look like croissants now. [...]

The Tactics Small Brands Are Using to Navigate Tariffs

Amid global trade uncertainty, independent brands with strong US customer bases need to rethink everything, from pricing and production to warehousing and long-term market strategy. [...]

5 Fashion Brands That Dominated the Met Gala Social Conversation

Analysis from BoF INSIGHTS PULSE shows which brands and celebrities drove the conversation around the Met Gala on social media — and why. [...]

CVS Bids for Rite Aid Stores in Pacific Northwest

The largest US retail pharmacy chain is trying to buy Rite Aid stores in Washington, Oregon and Idaho, in addition to patient prescription information, CEO Matthew Schroeder told employees. [...]

Valentino Unit Put Under Court Administration Over Labour Exploitation

A Milan court found that Valentino Bags Lab subcontracted production to Chinese-owned firms in Italy that exploited workers. [...]

Violet Grey Launches Perfume Label With $1,100 Fragrance

The month before its new Madison Avenue outpost opens to the public, the luxury beauty retailer has quietly launched Madame Grey, with a hair mist and a perfume. [...]

Yoox Net-a-Porter’s New Owner Reveals Plan for Profitability

The newly-combined company, LuxExperience, which brings Mytheresa and Yoox Net-a-Porter under one roof, announced a €250 million strategy to create a profitable €4 billion luxury group. [...]

The Debrief | The Trade War’s Off, For Now. What’s Next for Fashion?

The US and China's 90-day trade truce is welcome news for fashion, but uncertainty lingers. BoF’s Cathleen Chen and Marc Bain join The Debrief to break down the immediate impact, [...]

Creative Entrepreneurship Takes Centre Stage at BoF and Self-Portrait Los Angeles Cocktail

Creative entrepreneurs Shay Mitchell, Mike Amiri and Tina Craig joined cultural aficionados Becky G, Bella Poarch, Victoria Justice, Janaya ‘Future’ Khan, Elaine Welteroth and Nara Aziza Smith at the ‘Creatives [...]

Alibaba’s Growth Fails to Impress in Dour Note for China Tech

The e-commerce company’s quarterly revenue growth slowed to just 7 percent, possibly hindering plans to focus on its AI infrastructure. [...]

Shein to Set up Huge Vietnam Warehouse in US Tariff Hedge, Reuters Reports

The fast-fashion e-tailer is leasing its first warehouse in Vietnam, in hopes of reducing exposure to unpredictable US-China trade tensions. [...]

Meet Our Finalists for The Business of Beauty Global Awards 2025

Our shortlisted brands were selected from over 100 applicants from 17 countries and five continents, and include Ciele Cosmetics, Yse Beauty, 19/99, Commune and many more. [...]

Birkenstock Plans Price Hikes to Offset Tariffs, Sees Strong Demand

Birkenstock will globally increase prices to counter the 10% US tariff on EU goods, following better-than-expected sales and an improved financial outlook. [...]

Dick’s Sporting Goods to Buy Foot Locker for $2.4 Billion

Dick’s largest deal in the sporting goods industry will help the company expand to international markets for the first time. [...]

Retailers Rush to Save US Summer Shopping Season

Following a temporary US tariff cut on Chinese imports, US retailers are accelerating efforts to import summer merchandise from China, reversing a previous slowdown in orders. [...]

Shein Lowers Prices to Lure Back US Shoppers After Tariff Cut

Shein reduced its US retail prices after a temporary cut in US tariffs on Chinese imports, aiming to regain customers who were deterred by previous price increases. [...]

The Tariff-Proof International Expansion Playbook

As the impact of tariffs on the industry sets in, a few American brands are turning their attention to overseas markets, and building resilient supply chains that can withstand indefinite [...]

Dick’s Sporting Goods is Nearing $2.3 Billion Deal for Foot Locker

Under the current deal, which could be announced as soon as Thursday, Dick’s will pay $24 per share for Foot Locker. [...]

Drunk Elephant Was Never for Kids

The clean beauty brand has faced significant challenges in the years since it was acquired by Shiseido, but its embrace of young consumers may have been its biggest misstep. [...]

Mexican Beauty Brands Seize the Moment

Brands founded in Mexico were already riding a wave of national pride, as more customers look for more culturally authentic brands. Now TikTok Shop, savvy marketing and improved trade policy [...]

The Hong Kong Opportunity for Global Brands

Hong Kong’s fashion and luxury sector is preparing for an invigoration — with the recently established Hong Kong Fashion Fest designed to position Hong Kong as a premier fashion and [...]

The Most Audacious Fashion Collabs in China

From Bottega Veneta’s poetry pact to Rui Zhou’s sex toy tie-up, marketing partnerships are becoming increasingly bold and imaginative as brands try to reignite demand in the cooling China market. [...]

Charlotte Tilbury Launches in Mexico

The UK beauty brand will arrive in Sephora Mexico on May 14, and will subsequently open counters in two El Palacio de Hierro locations and a travel concession in the [...]

Worldview | Almaty Fashion Week’s Central Asia Ambitions

This week’s round-up of global markets fashion business news also features Vogue Brazil, Mexico’s El Palacio de Hierro and Chinese exporters concealing their origin. [...]

Susan Yara, Mikayla Nogueira, Anna Sarelly and Marc Elrick to Speak at The Business of Beauty Global Forum 2025

The Business of Fashion is pleased to announce the return of The Business of Beauty Global Forum, an invitation-only gathering bringing together 140 hand-selected senior executives, entrepreneurs and creatives from [...]

Tentatively, Photo London's tenth edition moves away from traditional content and crowds

New fair director Sophie Parker's plan to “reward galleries that take risks” was seen in action [...]

Debate over author of ‘Napalm Girl’ image deepens as World Press Photo suspends attribution

The decision follows a report from Associated Press and a documentary calling into question the long-held belief that photographer Nick Ut took the shot [...]

Smithsonian’s National Museum of Asian Art repatriates ancient silk manuscript to China

The museum’s fragments of the Zidanku Silk Manuscripts were looted from a tomb in Hunan Province and smuggled into the US nearly 80 years ago [...]

Koyo Kouoh remembered, Queen Elizabeth II memorial, Jasper Johns by Robert Storr—podcast

Remembering Koyo Kouoh, the Venice Biennale curator who died earlier this month, plus a look at the five designs competing for the late-Queen's memorial commission, and a discussion with curator [...]

Huge Paris exhibition reveals David Hockney’s love of Van Gogh

Hockney, now 87, says he is always happy when he paints—“just like Van Gogh” [...]

Is Trump painting an ‘awesome portrait’ or by ‘Tariff Lautrec’?

A new portrait of the US leader, looking defiant following the attempted assassination last year, has drawn, er… mixed responses [...]

A personal story of loss in post-apartheid South Africa wins the 2025 Deutsche Börse Photography Foundation Prize

The Johannesburg-based Magnum Photos member Lindokuhle Sobekwa claimed contemporary photography's biggest prize in London last night [...]

Family of Prussian kings settles century-old dispute with Germany over royal treasures

Art, furniture, porcelain and other objects that once belonged to Prussia’s rulers will now become the property of a charitable foundation and will remain in museums [...]

‘Halo effect’ of two powerful female art dealers’ collections boosts Sotheby’s New York sale

Works from the estate of Barbara Gladstone and the home of Daniella Luxembourg—plus a litter of Lichtensteins—energised last night's marquee auction of post-war and contemporary art [...]

Smithsonian's National Museum of Asian Art and Saudi Arabia strike deal to collaborate on exhibitions, conservation and more

The deal centres on the ancient Incense Route trading hub of Dadan in northwestern Saudi Arabia [...]

Gauguin's last self-portrait could be a fake

Kunstmuseum Basel is analysing the work, which has been in its collection since 1945 and may have been painted by the artist's friend, Ky-Dong Nguyen Van Cam [...]

Art Basel Awards name inaugural medalists including artists, curators and patrons

The 36 medalists will be honoured at a reception during Art Basel’s Swiss fair [...]

‘A new lease of life’: London’s Annely Juda Fine Art looks to the future with Mayfair move

The gallery plans to take on more young and emerging artists as David Juda hands the baton to the next generation [...]

The world according to Cattelan? Maverick Maurizio updates ‘autobiography’

Maurizio Cattelan sheds light on his famous golden toilet and that duct-taped banana [...]

Magna Carta ‘copy’ once sold at Sotheby's is an original, say UK professors

The document was consigned to the auction house in 1946 then, later the same year, purchased by Harvard Law School for just $27.50 [...]

Ten essential works of art to see on the French Riviera

From Paul Signac’s Saint-Tropez scene to Jean Cocteau’s fishermen’s chapel, here is our pick of the art to see all year round on the coveted stretch of the Mediterranean coast [...]

Marlene Dumas’s $13.6m semi-nude breaks auction record for a living female artist

Women rescued Christie’s otherwise quiet 21st century evening sale in New York, which also set a new auction high-water mark for Simone Leigh [...]

Adam Lindemann opens exhibition of 19th-century African sculpture and contemporary Black abstraction

The dealer brings together five Urhobo sculptures for the first time in the US in an exhibition at his private residence on Manhattan's Upper East Side [...]

Despite record-breaking results for four women artists, Phillips’s evening auction in New York sparks few fireworks

The auction brought in a hammer total of $44.2m, just below Phillips’s low estimate for the night and exactly in line with last November’s equivalent sale [...]

Metropolitan Museum receives 6,500 works from photography collector Artur Walther

The promised gift from Walther and the Walther Family Foundation includes photographs, albums and time-based works by artists including Malick Sibidé, Ai Weiwei, Thomas Struth, Stephen Shore and others [...]

From Africa to the Arctic Circle, this public artwork is stampeding into cities with a cry for climate action

‘The Herds’ is an expanding throng of life-sized moveable animal sculptures—and it succeeds where many ostensibly green projects fail [...]

More than 160 Tutankhamun treasures have arrived at the Grand Egyptian Museum

Conservation work will be carried out on on key objects ahead of the museum's long awaited launch on 3 July [...]

Extended from one volume to three, the new ‘Taste and the Antique’ expands on four centuries of interactions with sculpture

The essential guide now includes colour photographs of 95 works [...]

How Javier Milei’s war on history is threatening art spaces in Argentina

After effectively shutting down two cultural centres, the Argentine president appears to have the ESMA Museum, a Unesco World Heritage Site, in his sights [...]

$70m Giacometti bombs at patchy Sotheby’s Modern art auction

The prize lot, a bust depicting the artist’s brother Diego, failed to attract bidders during the $186.4m sale [...]

Mexican authorities decry ‘distorted information’ in MrBeast video filmed at ancient Mayan sites

Mexico's National Institute of Anthropology and History released a statement praising MrBeast's mission while correcting some moments of "theatricality" in his video [...]

Justin Sun and David Geffen's legal feud over $78m Giacometti sculpture expands

In a countersuit stand-off, the two parties are broadening the scope of their allegations beyond the disputed sculpture [...]

Behind the scenes of the Met’s revamped Rockefeller Wing with its acclaimed architect

Kulapat Yantrasast has a design philosophy of “cultural Pad Thai”—multiple perspectives combined into something unique and approachable [...]

British MP Patrick Spencer charged with sexual assaults at London art world haunt The Groucho Club

The Metropolitan Police say the charges are unrelated to accusations of a “serious criminal offence” that resulted in the club having its licence suspended in November [...]

Why is the art market turning Gulf-wards?

As China’s market drops, auction houses and dealers have been following the money to Saudi Arabia [...]

‘There is not enough money for education’: French philanthropist to fund museum visits for 100,000 UK children

Frédéric Jousset will provide £1m over four years to send school children to cultural venues, including the British Museum [...]

For its 10th edition Photo London aims to look beyond the notorious ‘Kate Moss Index’

Opening later this week with new leadership, the photography fair is determined to move away from the clichés of supermodels, artful murmurations of birds and majestic beasts [...]

Comment | The greatest failure of PST Art: its successes are not travelling

As the Getty wraps up its third edition of this initiative, it is time to address a persistent problem [...]

In Rotterdam, a new art museum explores the city's rich history of migration

Opening on 16 May, Fenix addresses the arrivals and departures that have given the Dutch port its energy and modernity [...]

Artist Alison Saar wins High Museum’s 20th annual Driskell Prize

The renowned sculptor, whose distinctive public work was most recently featured in the Desert X biennial, will be formally honoured with the $50,000 prize at a gala in September [...]

Record-breaking female Surrealists spice up underwhelming Christie’s New York sales

Last night’s low-risk, low energy auctions made $489m in total, including $272m for the collection of Barnes & Noble founder Leonard Riggio, along with new records for Dorothea Tanning and [...]

Chile to get a new contemporary art museum

The New Museum of Santiago will highlight Latin American artists with more than 1,000 works from the Chilean businessman Claudio Engel’s private collection [...]

5,000-year-old woman uncovered in Peru with hair and nails still intact

The exceptional find at Áspero reveals women’s high status in the ancient Caral civilisation [...]

The Waverley rules were designed to protect UK cultural heritage—are they having unintended consequences on the art market?

The scheme, introduced in the 1950s, is meant to help keep important works of art in Britain [...]

Wes Anderson’s priceless ‘Renaissance portrait’ to go on show in London

A new exhibition includes the fictional masterpiece ‘Boy With Apple’, which appeared in the Anderson classic, ‘the Grand Budapest Hotel’ [...]

Folk is having a revival—in the art world too

The Neo Ancients festival in the small Gloucestershire town of Stroud featured artists whose works have a more "pastoral" approach towards art production [...]

A young Richter’s painting of an even younger Polke and a once-grimy Brazilian landscape by Frans Post: our pick of the May auctions

Plus, Andy Warhol's “Big Electric Chair” and a Fernando Botero nude [...]

The art of being Pope Leo: from a Raphael portrait to the first pontiff to be captured on film

Cardinal Prevost’s choice of the name Leo links him to Leo XIII, a 19th-century champion of social justice, and also recalls Leos I, III and IV, whose diplomatic and military [...]

Comment | Why a country should invest in art—even when it’s under attack

While physically defending their country, Ukrainian artist’s work provides oxygen for urgent issues that demand attention and dialogue, writes Björn Geldhof, the artistic director of the PinchukArtCentre, Kyiv [...]

UK government bans export of £10m Botticelli painting