Anna Yudaeva

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

The Japanese-inspired luxury skincare brand has appointed Diane Kim as its new chief executive officer, following the departure of Mary Yee in Oct. 2025. [...]

The Techniques and Technologies of the World’s Top Skincare Experts

Professionals like the aesthetician Keren Bartov and the dermatologist Dissapong Panithaporn have attracted an international clientele to their clinics, relying on the latest technology to achieve better, more instantaneous beauty [...]

Saks’ Downfall Is a Make-or-Break Moment for Macy’s

Macy’s Inc. has a once-in-a-lifetime opportunity to siphon some of Saks' beauty and fashion share, writes Andrea Felsted. [...]

Saks Global Files for Bankruptcy After Monthslong Hunt for Cash

The Chapter 11 filing comes just over a year after the retailer acquired Neiman Marcus and Bergdorf Goodman. The combined company struggled almost from the start amid sinking sales and [...]

How Watchmakers Are Dealing With Soaring Gold Prices

As gold tops $4,600 per ounce, executives including Breitling CEO Georges Kern are bracing for a hit to margins. Solutions range from seeking new materials to raising prices or postponing [...]

Who What Wear UK Appoints Jane McFarland Editor in Chief

She succeeded Hannah Almassi, who joined parent company Future Plc as managing director of women’s UK last July. [...]

How Brands Avoid the Brick-and-Mortar Trap

Some retailers are closing stores after opening too many in the wake of the pandemic. Those that are plowing ahead are taking a more deliberate approach — even if it [...]

Report: Saks Global Nearing $1.75 Billion Financing Plan Ahead of Bankruptcy Filing

The financing would ⁠provide an immediate cash infusion of $1 billion through a debtor-in-possession loan from an investor group led by Pentwater ⁠Capital Management and Bracebridge Capital, Reuters reported. [...]

Report: Richard Baker to Exit Saks Global; Geoffroy van Raemdonck Waiting in the Wings

The CEO is departing less than two weeks after taking over the top job as the beleaguered luxury conglomerate he created prepares to restructure under bankruptcy court protection. [...]

Meta and EssilorLuxottica Discuss Doubling Output of AI Glasses

The companies are discussing potentially doubling production capacity for their AI-powered smart glasses as demand surges for the Ray-Ban Meta frames. [...]

Nike’s Hottest Shoe Isn’t a Sneaker

StockX’s newest ‘Big Facts’ report shows that one of Nike’s hottest sneakers of the year wasn’t actually a sneaker at all. [...]

Roksanda Appoints Patricia Sancho as Chief Executive Officer

The former Temperley executive will assume the position of CEO effective immediately. [...]

Worldview | Iran Mode Goes Ahead Despite Tehran Protests

This week’s round-up of global markets fashion business news also features Indian textile exports, fast-fashion resellers in Mexico and China’s latest attempt to woo Russian shoppers. [...]

Luxury’s New Australian Boomtown: Brisbane

With tourism thriving, millionaire numbers climbing and the Olympics on the horizon, brands are turning their attention to the Queensland capital as major retail developments get underway. [...]

Have Sneaker Sales Finally Peaked?

Sneakers have dominated the footwear business for years, driven by constant growth from industry leaders like Nike and Adidas. Now, questions are rising about how much further that growth can [...]

AI Just Had Its Big Shopping Breakthrough. Is Fashion Ready?

The arrival of direct checkout in AI search engines like ChatGPT is being called the biggest innovation in online shopping in over a decade. BoF breaks down how brands and [...]

The Anti-AI Aesthetic Taking Over Social Media

Products strewn across the sink, half-empty or in cluttered piles have replaced picture-perfect shelfies as brands and influencers find luxury in mess. [...]

Cucinelli Q4 Revenue Rises 12%, Lifted by the Americas and Asia

The Italian group, the first in the luxury sector to report, confirmed its outlook for a revenue gain of 10 percent this year, but was more cautious for 2027 and [...]

Lululemon Rises as Holiday Sales Show Signs of Rebound

The yogawear company sees fourth-quarter sales at the higher end of its guidance, a sign the brand is regaining some momentum following a series of disappointing results. [...]

JD Sports Will Make It Easier for Shoppers to Buy Through AI Platforms

The British sportswear retailer is enabling ‘one-click purchases’ through AI platforms such as ChatGPT and Microsoft Copilot, beginning in the US. [...]

Birkenstock Expects Quarterly Revenue Below Expectations Amid Tariff Pressures

The sandal maker’s business has been hampered by US tariffs on the EU and consumers turning more cautious on non-essential spending. [...]

Abercrombie Tumbles After Holiday Sales Disappoint Investors

Abercrombie & Fitch Co. shares tumbled after holiday sales weren’t robust enough for the company to lift its sales guidance. [...]

Mammut Owner Weighs Sale of Swiss Outdoor Gear Maker

Jacobs Capital is exploring a potential €500 million sale of the Swiss outdoor gear maker Mammut Sports Group AG. [...]

Opinion: Luxury Brands Need to Find Their Wellness Niches

If health is the new wealth, conglomerates like LVMH and Kering need to command a share of this spending, writes Bloomberg's Andrea Felsted. [...]

The RealReal’s Plan to Capitalise on the Luxury Resale Boom

With more shoppers priced out by luxury's rising costs turning to secondhand goods, CEO Rati Sahi Levesque opens up in the BoF-McKinsey State of Fashion 2026 about how the resale [...]

Drunk Elephant’s New Motto: No Kids Allowed

With a new brand campaign and visual assets, the results-driven ‘clean’ beauty brand hopes to reinforce its original ethos and reclaim its core customer. [...]

How Fashion Marketers Will Nab Attention in 2026

After a year of experimentation and noise, 2026 marks a pivot for fashion marketers toward slower advertising, more thoughtful creative risks and human connection, as brands recalibrate how to entertain, [...]

Drake’s Leaves Its British Preppiness Intact Under New Owner

The 49-year-old menswear brand, known for its exacting preppy aesthetic and English craftsmanship, is now majority-owned by a Danish billionaire. Co-owner and creative director, Michael Hill told BoF that radical [...]

Why Fragrance Is the Latest Red Carpet Accessory

Perfume brands are now sponsoring celebrity beauty professionals for events like the Golden Globes, even if their impact is all but invisible. [...]

Ssense Founders Win Bid to Retain Ownership

The company announced on Sunday that the Atallah family will remain owners of the Montreal-based luxury e-tailer, in partnership with a Canadian multi-family office, in a transaction pending regulatory approval. [...]

This Week: Red Carpet Dressing; Saks Watch; Luxury Earnings

The Golden Globes kick off awards season in earnest as well as a packed week for the fashion industry. [...]

Alo Appoints Benedetta Petruzzo as CEO of International

The former Miu Miu chief executive, who was recruited by Dior in 2024 to be managing director, will oversee the Los Angeles-based activewear brand’s global expansion. [...]

Nike Compensates Migrant Workers Five Years After Labour Controversy

Nike has agreed to substantial payouts to thousands of former garment workers at a Thai supplier after years of pressure from labour rights campaigners and an independent investigation into alleged [...]

Luxury Brands Are Making a Big Bet on Saks. Will It Come Back to Haunt Them?

Vendors have long complained that Saks was slow to pay its bills. Yet even as a bankruptcy filing for the department store giant appears imminent, many say they plan to [...]

Report: Saks Eyes Filing for Chapter 11 Bankruptcy as Soon as Sunday

The company is heading towards Chapter 11 without a restructuring agreement in place, with an eye toward crafting one in the coming weeks, Bloomberg reported. [...]

How to Sell the Same Lipstick Twice

Resurrecting hero products can be a lucrative beauty strategy — but change the formula too much, and risk a crash-and-burn. [...]

A Warning Sign for Adidas

Bank of America’s double-downgrade on Adidas should serve as a wakeup call for the brand as it goes into the new year. [...]

Report: Fitness App Strava Files for IPO

The fitness tracking app, recently valued at $2.2 billion, has confidentially filed for an initial public offering in recent weeks, sources told The Information. [...]

The BoF Podcast | Examining 20 Years of Fashion’s Influencer Economy

At BoF VOICES 2025, Susanna Lau, Bryan Yambao, Camille Charrière and Gstaad Guy reflect on finding their voices, speaking to their communities and how brands need to get out of [...]

Saks Woes Cloud Cucinelli’s Department Store Bet

The label is sticking with its strategy of heavy reliance on high-end department stores like the struggling Saks Global, despite the shift by many luxury peers toward their own retail [...]

The Gen-Z TikTokker Building a Hub for Y2K Vintage

Content creator turned retail operator Emma Rogue as media hubs, producing snackable content that lures teen shoppers in. [...]

AI Is Shaking Up Fashion’s Workforce

Brands need to prepare as AI transforms a number of the industry's existing roles, and creates new ones, according to the BoF-McKinsey State of Fashion 2026. [...]

Can Brands Turn Their Most Devoted Fans Into Paying Customers?

Plenty of people root for their favourite label like it’s their local football team — but that passion doesn’t always translate into sales. [...]

Five Sports X Fashion Storylines to Watch in 2026

Sports and fashion had a watershed moment in 2025 as the two industries continued to converge. 2026 will be similar. Here’s what to watch for early on in the year. [...]

Pacsun Launches New Social Commerce App

The shoppable PS Community Hub will enable creators to post content, earn affiliate commissions and build a following, strengthening community engagement for the brand. [...]

Report: China’s Anta Sports Has Offered to Buy Pinault Family’s 29% Puma Stake

Anta made the offer a few weeks ago and has secured financing for the acquisition should a deal go ahead, sources told Reuters. [...]

Kim Kardashian’s Skims Appoints Its First Chief People Officer

Former Etsy HR chief Kim Seymour joins the brand, valued at $5 billion, as it builds out leadership across beauty, retail and international markets. [...]

Inside Hailey Bieber’s Global Rhode Show

This week, I chat with beauty’s buzziest figure, Hailey Bieber, as she brings her brand to Australia and New Zealand. [...]

More Than 1,000 Companies Are Suing Trump Over His Tariffs

Companies are flocking to challenge the administration's import taxes in court, after the Supreme Court started asking tough questions. [...]

Spangle Raises $15 Million Series A

The AI-powered e-commerce software provider is valued at $100 million with its latest funding round. [...]

Rijksmuseum announces plans for €60m sculpture park

The site, which will feature work by artists such as Alberto Giacometti and Henry Moore, is expected to open in the autumn—though planning permission is yet to be confirmed [...]

From 10,000 pennies to a Beatles record haul, the obsessive work of Rutherford Chang heads to Beijing

The “near frightening rigour” of the post-conceptualist artist is celebrated at UCCA Center for Contemporary Art [...]

South Africa’s Venice Biennale artist appeals to president after pavilion cancelled by minister

Gabrielle Goliath’s video-based project Elegy was pulled by Gayton McKenzie, seemingly over a planned Gaza-related segment [...]

The California College of the Arts will close in 2027

Last remaining nonprofit art-and-design school in Northern California to shutter after next academic year, when Nashville-based Vanderbilt University will take over campus [...]

Manhattan’s New Museum sets early spring date for reopening after $82m expansion

The museum will offer free admission during its opening weekend festivities [...]

More Bob Ross paintings head to auction to benefit US public television

The sale at Bonhams comes just two months after Ross’s auction record was shattered in another charity auction [...]

Smithsonian’s National Portrait Gallery removes wall text mentioning Trump’s impeachments

The museum said the change of labels and portraits is in preparation for an overhaul of its popular permanent gallery “America’s Presidents” [...]

UK’s National Trust receives £10m, its largest-ever cash donation

Humphrey Battcock has not attached any conditions to the donation, saying he trusts “the National Trust to know how best this money can be used” [...]

Newly discovered Roman villa may be Welsh town's own ‘Pompeii’, archaeologists say

Found beneath the town of Port Talbot, the structure is the largest Roman villa ever found in Wales [...]

Why is the French government spending millions on art no one sees?

Two recent reports have raised questions about why the Centre national des arts plastiques has never exhibited a quarter of the works in its care [...]

Philip Tinari appointed as deputy director and head of art at Hong Kong’s Tai Kwun cultural complex

Tinari departs from UCCA Center for Contemporary Art in Beijing after more than 15 years [...]

Flowers laid after Bondi terror attack will form new work of art at Sydney Jewish Museum

The Jewish Australian artist Nina Sanadze plans to turn the petals into “something that lasts for centuries and keeps the memory” [...]

‘Creative, provocative, controversial’: Truth Social ads for Nazi-owned art spark heated debate

The gallery behind the adverts has huge holdings of art associated with the Third Reich, and has loaned works to major museums [...]

Ai Weiwei’s first India solo exhibition to open in New Delhi

A selling show at Nature Morte gallery will include work from across the outspoken Chinese artist’s career—amid reports of rising censorship in India [...]

Cubitt Artists, ‘important’ London gallery and studio space, set to lose home of more than 25 years

The artists-run, non-profit space says its lease had not been renewed [...]

Ground Control to London: David Bowie’s childhood home to be restored by heritage charity

The Bromley cottage where the singer is thought to have written ‘Space Oddity’ will open to the public later next year [...]

Shortlist announced for Prix Marcel Duchamp, France’s biggest art prize

Five artists are in the running for the prize, which offers €35,000 and an exhibition at the Musée d’Art Moderne de Paris to the winner [...]

Storm over closure of South Africa’s much-loved Irma Stern Museum

The closure last year of the Cape Town museum has “left people angry and deeply suspicious” [...]

Sexual assault lawsuit against the estate of artist Norval Morrisseau is dismissed

A man in British Columbia had alleged that Morrisseau, a renowned First Nations artist who suffered from Parkinson’s disease, had assaulted him the year before his death [...]

Comment | In worrying times for politics and the environment, art can still provide hope

And the audience matters just as much as the artwork [...]

Acquisitions round-up: a rare early Italian portrait of a Black man, a record-breaking Kiddush cup, and a limewood sculpture of the Madonna

Our pick of the latest gifts and purchases to enter institutional collections worldwide [...]

Abstract Expressionist's paintings co-star in Golden Globe-nominated Netflix series The Beast in Me

The miniseries, nominated in three categories, prominently features works by Norman Lewis as well as two contemporary artists [...]

Mumbai Gallery Weekend looks beyond the city's historic art district

The event's 14th edition is co-led by two dealers with spaces far from the gallery hub neighbourhoods of Colaba and Fort [...]

More artists killed in Ukraine as anniversary of full-scale Russian invasion approaches

Artists Lana Chornohorska and Yurii Kostyshyn and philosophy student Timofey Anufriev have all died in recent weeks [...]

The Year Ahead 2026: the big exhibitions and the key museum openings—podcast

From the opening of the Guggenheim Abu Dhabi to Marcel Duchamp at MoMA, New York, The Art Newspaper's editors look ahead to next year's biggest stories [...]

The Big Review | Jacques-Louis David at the Musée du Louvre, Paris ★★★★★

The major survey repositions the French artist as more than a Neoclassicist, emphasising instead his realism and idealism [...]

Van Gogh shows in 2026: America, Japan and the Netherlands

Must-see exhibitions coming this year include ‘Van Gogh’s Sunflowers’ in Philadelphia and ‘Yellow: Beyond Van Gogh’s Colour’ in Amsterdam [...]

‘Cursed’ Venetian palazzo once painted by Monet comes up for sale

The lavish Ca’ Dario is in “good shape” after major restoration and careful tidying, though it comes with a dark reputation [...]

Hurvin Anderson and Caroline Walker to show new works on London Underground

The works form part of the 2026 Art on the Underground programme, which turns London into a vast public art gallery [...]

Vermeer’s ‘Girl with a Pearl Earring’ will head to Japan this summer in rare loan

The famous painting, held in the Mauristhuis museum in The Hague, was banned from travel in 2014 [...]

Trump pulls US out of international cultural property preservation centre and coalition of arts agencies

In a memo announcing the withdrawals, the president said the organisations ran “contrary to the interests of the United States” [...]

Trump administration puts renewed pressure on Smithsonian to turn over materials for review

The White House has given the Smithsonian Institution until 13 January to provide a trove of materials about planning and procedures at eight of its museums [...]

‘Once-in-a lifetime’ UK Iron Age discovery may be linked to Boudicca

The hoard, uncovered by archaeologists in Norfolk, includes rare animal-headed battle trumpet [...]

‘Certain things you can only see from the sky’: artist Precious Okoyomon on how flying planes has inspired their practice

The artist’s experience of being a recreational pilot has played into many of their works—including some on view in a current Paris exhibition [...]

Buyers of art collective's controversial food industry project to decide young cow's fate

The work, which has sparked online backlash, will see buyers of the project's tokens choose whether Angus becomes hamburgers and handbags, or is sent to live at an animal sanctuary [...]

Suspects in Brazil Matisse heist arrested, but alleged thief nicknamed ‘Gargamel’ remains at large

The 13 works stolen, by Henri Matisse and Candido Portinari, have not been recovered and are valued at up to $180,000 [...]

Paintings by US president Jimmy Carter go to auction

The works are included in an upcoming Christie's sale marking the 250th anniversary of US independence [...]

Can a new cipher help to explain the mysterious Voynich Manuscript?

A researcher's encoding method may shed some light on the 15th-century codex [...]

Protest held at Gallerie degli Uffizi after change in ticketing contract leaves temporary staff out of work

More than 100 demonstrators gathered outside the Florence museum demanding an end to “low-paid and precarious work” [...]

Comment | We are living in an age of bad painting—the medium must be challenged to stay interesting

Painting may not be dead, but it may have become too comfortable [...]

Let’s celebrate the new arrivals in the public domain, for auld lang syne

First-ever oil painting depicting an artist at work to star in female Old Master exhibition

Catharina van Hemessen’s self-portrait will be presented at the National Gallery, as interest in early women painters grows [...]

Kathleen Goncharov, influential curator who helped many artists ‘realise their dreams’, has died aged 73

Alongside her work at organisations such as New York’s Just Above Midtown gallery and the Boca Raton Museum of Art in Florida, Goncharov was also an artist [...]

More US artists forced to pay for their own shows as museum and culture budgets shrink