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

Estée Lauder Considers Bid for Puig at 18-19 Euros per Share, Source Says

Cosmetics giant Estée Lauder is considering launching a takeover bid for all of Puig’s Class B shares at 18 to 19 euros ($21 to $22.20) a share, said ⁠a source [...]

Unilever Sales Rise on Strong Demand in India, Brazil

The UK multinational’s sales rose more than expected as consumers in emerging markets snapped up its cleaning products and Dove soap, offsetting lacklustre demand in the US. [...]

Exclusive: Amouage Sales Hit $190 Million in First Quarter

The Omani fragrance house charted record growth, despite disruptions in its home region. [...]

Explainer: Fashion’s New Tariff Threat

A US trade probe into forced labour could trigger new tariffs and import bans, forcing fashion brands to implement more robust supply-chain transparency. [...]

How to Build a Profitable Handbag Business From Scratch

With profitability now within reach, the London-based luxury leather goods brand Métier is raising fresh capital to fuel its next chapter. [...]

Mumbai’s Le Mill Acquired by Burgundy Brand Collective

The Colaba boutique that helped introduce global luxury brands to Indian shoppers is set to become the first concept store in Burgundy Brand Collective’s fashion portfolio. [...]

EBay Forecasts Second-Quarter Revenue Above Estimates

The company's strategy to pivot away from low-value, high-volume items is gaining traction. [...]

The Debrief | Why Some Retailers Are Ignoring the Internet

As the global luxury e-commerce engine stalls, BoF correspondent Austin Kim discusses his look at independent boutiques finding that the right strategic move is to stay offline. [...]

LVMH Watch Boss Sees Jean Arnault as Best Candidate for His Role

Jean-Christophe Babin, the head of LVMH’s watch division, said he’s ready for a phased retirement. [...]

Why an H&M Alum Launched a Talent Company for AI Models

Vogue to Launch Romanian Edition in 2027

The new edition will debut with six print issues a year, joining a growing roster of licenced titles in the magazine’s international portfolio. [...]

Sol de Janeiro Appoints Jordan Saxemard as CEO, Heela Yang Exits Brand

The L’Occitane-owned body care label has announced a new chief executive and the departure of its founder. [...]

Inside Susan Yara’s Second Act

The founder of Naturium unveils the details of her tropical new body and haircare brand, Playa, exclusively to The Business of Beauty. [...]

Gen Z Can’t Get Enough of Teensy ‘Grandma Watches’

Driven by the secondary market and a new generation of female collectors, heritage brands are pivoting to sub-34mm designs to capture a market that values personal style over traditional horological [...]

Armani 2025 Sales Dip as Group Flags Market Shifts

The Italian group reported a 2.8% drop in revenue in its first full-year results since the death of founder Giorgio Armani. [...]

Adidas Reports Strong Sales in ‘Very Volatile’ Market

The company delivered stronger than expected profit and sales in the first quarter, driven by strength in categories such as running. [...]

Is Ferragamo’s Turnaround Finally on Track?

After more than 10 years of turnaround efforts, recent results and conversations with management suggest Salvatore Ferragamo is moving in the right direction, write Luca Solca and Maria Meita. [...]

How Some Founders Are Redefining Fashion’s Idea of Success

As the pipeline to scaling a fashion business grows more precarious, some designers are ditching the pursuit of global prestige in favour of a slower approach to growth they say [...]

Inside Amazon Beauty’s Bid to Become a Discovery-Led Destination

As competition intensifies across the beauty category, Amazon Beauty is leveraging AI, entertainment, premiumisation and frictionless checkout to help brands turn browsing into purchase. [...]

Puig Sales Growth Slows Despite Stable Revenue

The parent company of Byredo and Charlotte Tilbury reported softened sales growth in the US and Europe as demand for niche fragrances cools. [...]

Fashion’s Race to the Indian Stock Market

From high-growth garment exporters to billion-dollar jewellers, Indian companies are gearing up for IPOs even as global economic uncertainty and market volatility threaten to delay some listings. [...]

For Adidas, Making Marathon History Worked Well

Adidas’ performance at the London Marathon established it as a leader in the running category. [...]

Kimberly-Clark Sticks to 2026 Outlook, Beats Sales Estimates

Kimberly-Clark kept its annual forecast intact and beat first-quarter sales estimates on Tuesday, as the company expects to close its $40 billion acquisition of Tylenol and Neutrogena in the second [...]

Worldview | South African Fashion Week’s Runway Reboot

This week’s round-up of global markets fashion business news also features Chinese casualwear giants, Turkey’s modest fashion expo and Brazilian retailers’ bet on Uruguay. [...]

China’s Anta Plans Return to India

The Chinese sportswear giant will open 10 stores across the country by early 2027, after previously retreating from the market as relations between China and India deteriorated. [...]

Why People Hate AI

Anger towards AI is growing as it becomes more deeply embedded in the workplace and daily life. Brands that want to use the technology and maintain customer trust would be [...]

Want to Win China? Start On RedNote.

With roughly 350 million active monthly users, the platform has fast become a dominant force in China’s beauty landscape. But edging out the competition has never been trickier. [...]

Tate to Stage Exhibition Exploring 90s Art and Fashion

The exhibition, curated by Edward Enninful, will highlight the decade’s ‘do it yourself’ attitude and shift focus away from the dominant Cool Britannia narrative of the time. [...]

Fondazione Sozzani Launches Award for Emerging Creative Talent

The annual Sozzani Award will recognise budding creatives across photography, fashion and artisan craft. The winner of the inaugural edition will be announced during Milan Fashion Week in September. [...]

Vinted Valued at €8 Billion in Share Transaction

The secondhand marketplace sold shares in a secondary transaction that raised its valuation as the company continues to grow rapidly. [...]

UK Retail Sales Tumble by Most in Over 40 Years

The Confederation of British Industry’s monthly measure of retail sales volume dropped to its lowest reading ⁠since the series started in 1983, as 77 percent of firms reported sales were [...]

Case Study | How to Build a Forever Beauty Brand

Beauty lines rarely struggle to generate buzz when they launch. A famous face, a splashy marketing stunt and a single viral product can generate headlines and fast revenue. This success [...]

BoF Professional Masterclass | How to Build a Forever Beauty Brand

Join us for our next BoF Professional Masterclass on Wednesday, May 6, at 17:00 BST / 12:00 EST as case study Daniela Morosini and a panel of experts unpack customer [...]

Opinion: What Investors Won’t Tell You About Fund Raising

When it comes to raising capital, the gap between what fashion and beauty founders believe is happening and what is actually happening is often enormous, writes Olivier Rivard-Cohen. [...]

Adidas Gets Running Lift in London From Two Sub-2-Hour Marathons

As athletes and spectators marvel at, not one, but two men smashing the once-thinkable two-hour barrier in this year’s London Marathon, German sportsgear maker Adidas AG also has reason to [...]

US Consumer Sentiment Drops to Record Low in April

U.S. consumer sentiment fell to a record low in April as the war with Iran fanned inflation fears, a survey showed on Friday. [...]

Euro Zone Price Spike Seen Surging Higher in Second Month of War

Euro-zone inflation probably jumped in April to the highest in 2 1/2 years as fallout from the Iran war squeezed economies across the currency area. [...]

‘The Devil Wears Prada 2’ Returns With Fun, Fashion and ‘Uncertainty of the Moment’

The sequel brings back the flash and fashion of the original film but also offers insight into a transformed media landscape. [...]

Will Prada’s Winning Streak Continue?

One day before ‘The Devil Wears Prada 2′ premieres to the masses, Prada Group itself will report earnings. [...]

Brunello Cucinelli Tightens Controls on Sanctions Compliance After Allegations

The Italian ⁠cashmere maker said its board adopted a ‘strengthened trade compliance procedure’ in December, after commissioning a risk assessment and gap analysis by an external law firm. [...]

Saks Settles Fight With Simon Property, Cuts Deal With Creditors

The company also won court approval for a financing package to raise as much as $500 million from investors. [...]

The Acts of Love Behind Milan Design Week

From a six-person ceramics studio to the chief design officer of one of the world’s biggest technology companies, Salone del Mobile remains the place where you feel the full spectrum [...]

Why Fashion Is Still Stuck on Sustainability Double Standards

As the presence of PFAs in apparel comes into the spotlight, and ‘sustainable’ collaborations driven by overproduction hit the market, fashion’s definition of sustainability looks increasingly hard to defend. [...]

The BoF Podcast | Britt Moran on Why Atmosphere Is a Real Luxury Product

From a gap year in Italy that became a 31-year career, Dimorestudio’s Britt Moran joins Imran Amed during Milan Design Week to discuss what fashion brands get wrong about design, [...]

As Brands Get Tariff Refunds, What Do They Owe Their Customers?

Brands are finally able to apply for refunds, but now they also have to decide how to deal with the customers who paid higher prices on their products, some of [...]

Retail Sales Rise in Britain After Iran War Prompted ‘Panic at the Pumps’

Textile, clothing and footwear stores reported a 1.2 percent month-on-month sales increase, while department stores recorded a 1.1 percent sales rise. [...]

US Democratic Lawmakers Urge Retail, Shipper CEOs to Pass Trump Tariff Refunds to Consumers

In a letter, a group of 15 Democrats in the US House of Representatives asked CEOs to detail how they passed tariff costs on to consumers, small businesses and other [...]

Opinion: Lululemon’s CEO Choice Is a Missed Chance to Pacify Elliott

It’s difficult to see why the company didn’t select investor Elliott’s preferred candidate, Ralph Lauren Corp.’s Jane Nielsen, writes Andrea Felsted. [...]

The Middle East War Is Squeezing Asia’s Polyester Suppliers

A surge in fossil fuel prices since the Iran war is squeezing polyester suppliers and garment makers across India and Bangladesh, threatening to raise costs for fast-fashion retailers like Zara [...]

Nike to Cut Around 1,400 Jobs in Efficiency Push

The cuts focus on jobs in global operations, mainly technology, in North America, Asia and Europe, and account for just under 2 percent of the sneaker brand’s workforce. [...]

Full extent of Stephen Friedman Gallery's £7.8m debt revealed in filings

The bankrupt gallery owes £800,000 to three prominent artists—Alexandre Diop, Deborah Roberts and Kehinde Wiley—while other major creditors include fair brands Frieze and Art Basel [...]

British billionaire's £200m art collection most expensive ever offered in UK

Financier Joe Lewis's trove of market titans, including Klimt, Schiele and Bacon, will "inject trust into the London market" when it is sold at Sotheby's this June [...]

Pittsburgh’s burgeoning gallery community readies for its moment in art world spotlight

As the latest Carnegie International arrives, Pittsburgh’s long-running and newer commercial art spaces make the case for a more supportive, sustainable and slower-paced scene [...]

Comment | The slopification of political art

Artificial intelligence has made it incredibly easy to create pointed visuals in response to crises in real time, but the resulting videos and images have little poignancy or staying power [...]

Director of the Buffalo AKG Art Museum to depart in October

During Janne Sirén’s tenure at the Western New York institution, its global influence and physical footprint expanded significantly [...]

Recent discoveries reveal how natural disasters shaped past civilisations: can it help us plan for the future?

New technologies used in archaeological research provide insights into how climate change has long-changed empires and societies [...]

A brush with... Andrew Cranston—podcast

Andrew Cranston talks to Ben Luke about his influences—from writers to musicians, and, of course, other artists—and the cultural experiences that have shaped his life and work [...]

EU imposes sanctions on Mikhail Piotrovsky, director of Russia's State Hermitage Museum

The Putin ally has been a vocal supporter of Russia’s full-scale invasion of Ukraine [...]

Ittai Gradel, gems expert who uncovered British Museum thefts, dies aged 61

Gradel’s investigations led to the revelation that 2,000 objects from the British Museum‘s collection had been stolen or damaged [...]

East Africa meets Western Europe as Michael Armitage takes on Venice's Palazzo Grassi

The sweeping exhibition "The Promise of Change" demonstrates the painter’s fascination with art history and mythology, and his movement between dreams and documentary [...]

Who is Gladys Hynes? Show reinstates forgotten artist who once represented Britain at the Venice Biennale

Exhibition at Charleston in Lewes, England, explores the work of the now 'non-existent' artist who was linked to avant-garde circles including the Bloomsbury Group [...]

Texas man who ran cryptocurrency scam supposedly backed by blue-chip art worth $1bn sentenced to 23 years in prison

Robert Dunlap promised investors a coin backed by works by Dalí, Picasso and other renowned artists [...]

Israel’s foreign ministry accuses Venice Biennale's jury of ‘politicising’ exhibition

The Biennale's five-member international jury announced on Thursday that it would not award prizes to countries “whose leaders are currently charged with crimes against humanity by the International Criminal Court” [...]

Venice Biennale 2026: all the national pavilions, artists and curators so far

The latest announcements of the key players representing their countries at the 61st International Art Exhibition of La Biennale di Venezia [...]

TikTok Shop adds ‘fine art’ category—will it disrupt the art market?

The new category was launched with a live sale of works by influencer artist Sophie Tea [...]

Tefaf restoration award goes to 500-year-old Medici tapestry

Made in a Florentine workshop set up by Duke Cosimo I de’ Medici, Minneapolis Institute of Art’s Renaissance tapestry depicts Dante meeting Virgil in Hell [...]

Two Brazilian curators selected to organise 2027 Bienal de São Paulo

Amanda Carneiro and Raphael Fonseca will organise the biennial’s 37th edition [...]

Wildenstein dispute over Monet work highlights art market opacity

Long-running dispute centres on a complex 2004 transaction tied to works by Claude Monet [...]

'It’s like the natural world. Nothing lasts forever': Tadashi Kawamata on creating his temporary sculptures

The Japanese artist takes the simplest of materials to make his powerful installations [...]

Nymphs, mermaids and rosy cherubs: mansion filled with hidden wall paintings makes Victorian Society’s endangered buildings list

The list, which covers structures in England and Wales, also includes the monumental Tees Transporter Bridge and a “disinfecting station” [...]

Major Greek contemporary art non-profit Neon to close after 14 years

After sponsoring many exhibitions and commissions across his native Greece, Neon founder Dimitris Daskalopoulos will continue to fund individual projects in Athens and several curatorial posts [...]

Book uncovers the life of Barnett Newman, an artist who ran for New York mayor

He is one of the last remaining figures of the “first generation” Abstract Expressionists to be honoured with a major biography [...]

The forgotten Chinese conceptualists: Melbourne show brings together works by New Measurement Group

The exhibition at Buxton Contemporary will reassess the output and importance of the 1980s scene [...]

Barbados's slavery museum and memorial faces major delays

Designed by Adjaye Associates and first announced in 2021, work on the Barbados Heritage District continues with an expanded scope—but a completion date has yet to be announced [...]

From monumental glass sculptures to a lagoon in the sky: what to see beyond the Venice Biennale pavilions

Ambitious art projects abound across the streets—and islands—of Venice [...]

Harnessing the winds of societal change: how art dealers have been able to shape taste for centuries

A new book about the history of the art trade highlights how some outsiders became insiders, while others slipped through history's cracks [...]

Comment | Museums are civic institutions. It’s time we acted like it

At the Oakland Museum of California we often say: “Keep doing the good work.” We need to be clearer about what the work is and how we commit to it [...]

Spice up your life: Tate channels 90s glam at The Groucho Club

Vogue alumni Edward Enniful will curate Tate Britain's autumn blockbuster 'The 90s: Art and Fashion' [...]

Titian's ‘Bacchus and Ariadne’ to get a refresh with bank conservation grant

Major conservation funding, sponsored by Bank of America, has been granted to London's National Gallery as well as 17 additional projects at other international institutions [...]

Towering homage to Bamiyan Buddhas rises over Manhattan’s High Line

For the fifth High Line Plinth commission, the Vietnamese American artist Tuan Andrew Nguyen has created a 27ft-tall version of the 6th-century Buddhas that were destroyed by the Taliban in [...]

From intimate still lives to shadowed saints: the many sides of Spanish painter Francisco de Zurbarán go on show at London’s National Gallery

The exhibition at the National Gallery will also include newly discovered works [...]

Final book in trilogy asks: What is the future of the art world?

Writer and researcher András Szántó speaks to art-world movers and shakers for predictions and insights [...]

Pittsburgh’s new $31m Arts Landing combines public art with civic engagement

The project was completed just in time for the NFL draft and the Carnegie International [...]

Stockholm's Market Art Fair wants to prove the 'periphery is now essential'

Proudly regional, but with global ambitions, the 20th edition of Sweden's largest commercial art event sees 54 dealers gather in a new venue [...]

Chernobyl 40 years on, Paula Rego at Munch in Oslo, Gluck’s flower painting—podcast

In this week's episode, Ben Luke discusses an exhibition commemorating the 40th anniversary of the Chernobyl nuclear disaster, learns about Paula Rego's interest in Norwegian expressionist Edvard Munch, and explores [...]

The village where Van Gogh spent his final days celebrates its most distinguished visitor

Two exhibitions open in Auvers-sur-Oise, the last stop on the artist’s journey [...]

Sonic investigations non-profit to be artist-in-residence at London's Gasworks

Led by Turner Prize winner Lawrence Abu Hamdan, Earshot utilises audio as a tool for research and advocacy [...]

The Big Review | Lacma's David Geffen Galleries ★★★★

This vast, visionary new building on the Los Angeles County Museum of Art campus flaunts strengths in displaying antiquities [...]

Vancouver Biennale names senior curator for 2027-29 edition

This marks a return to Vancouver for the Brazilian curator Marcello Dantas, who organised a Vik Muniz project in the city as part of the biennale’s 2013-15 edition [...]

Recently excavated ancient Maya hall may reflect early power-sharing among leaders

What is believed to be a council house built more than 1,000 years ago sheds light on how Maya systems of governance shifted [...]

Comment | Artnet-Artsy merger: 'a Bloomberg for art?'

Initial cost-cutting measures have seen some excellent journalists laid off—will new owner Andrew Wolff manage to turn the business around? [...]

Art Basel's solution to PDF pre-sales? Ask galleries to reserve works until opening day

A new initiative for this year's fair in Switzerland, Basel Exclusive aims to "restore the value of being present" by promoting works that are withheld from pre-fair previews and publicity [...]

Nominees for the Turner Prize 2026 announced by Tate

This year’s selection includes a “strong emphasis on sculptural practice”, says the Tate Britain director Alex Farquharson [...]

Slags, bings and pipelines: Edinburgh landscape offers fitting backdrop for exhibition on fossil fuel extraction

While Jupiter Artland show brings together five artists whose work explores energy histories, the sculpture park and gallery has transitioned to nearly 100% renewable energy [...]

'The museum is not a space for the elite': Portuguese building firm’s new museum puts workers first

Located in a former Braga courthouse, Muzeu—Thought and Contemporary Art DST, houses one of Portugal's biggest private art collections [...]

Latest collection of luxury jewellery house Boucheron inspired by pioneering founder

Frédéric Boucheron created the first necklace without a clasp so that women could put it on unaided [...]

Claude Lalanne’s set of bronze mirrors shatters artist's auction record at Sotheby's

The $33.5m price fetched by set, which once belonged to Yves Saint Laurent, reflects Claude and Francois-Xavier Lalanne's still-growing market [...]

The Photography Show fair’s 45th edition explores medium’s full history from its origins to AI

Aipad’s annual fair brings nearly 80 exhibitors to the Park Avenue Armory, seeking to be both an approachable entrypoint for new collectors and a place of discovery for connoisseurs [...]

Antony Gormley sculpture quietly removed and sold off by UK council

The Reform-run council sold the public work back to the artist for an undisclosed sum [...]

A brush with... Sanya Kantarovsky—podcast

Sanya Kantarovsky talks to Ben Luke about his influences—from writers to musicians, and, of course, other artists—and the cultural experiences that have shaped his life and work [...]

Bold & Beautiful – Lazin Magazine February 2025