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

The Best of BoF 2025: Clean Girl Power Remains Strong

One particular beauty look continued to dominate the makeup industry in 2025, driving new innovations and inspiring most of its launches. [...]

Anastasia Beverly Hills Owner Injects $225 Million Into Brand

Anastasia Soare invested her own money into Anastasia Beverly Hills after private equity firm TPG cut its stake in the brand. [...]

Nike Climbs as Apple’s Tim Cook Buys $3 Million in Stock

The athletic brand’s shares ticked up 2 percent in premarket trading on Wednesday. [...]

The Best of BoF 2025: A Boom Year Gets Complicated

Fragrance entered 2025 riding a luxury scent frenzy, global demand and buzzy launches. Now, signs of saturation and market bifurcation are emerging. [...]

Visa and Mastercard Report 4% Growth in US Holiday Retail Sales

Many shoppers relied on artificial intelligence tools to discover ⁠and compare prices so that they could stretch discretionary budgets, Visa's chief economist said in a statement. [...]

FDA Approves First GLP-1 Weight Loss Pill

Novo Nordisk’s Wegovy pill, the first weight-loss drug to win approval from the agency, is expected to launch in the US in early 2026. [...]

Opinion: Golden Goose’s $2,000 Sneakers Are a Rare Win for Private Equity

The high-end Italian sneaker brand’s sale to HSG for over €2.5 billion marks a successful exit for private-equity owner Permira, particularly at a moment of depressed demand for luxury goods, [...]

The Best of BoF 2025: Fashion’s Year of Designer Revamps

A wave of creative overhauls swept through the industry including Chanel, Dior and Gucci as brands scrambled to reignite the interest of inflation-weary shoppers. The renewal brought excitement, but will [...]

The Best of BoF 2025: Fashion and Sports Forge a Powerful Alliance

As the fashion world navigated a tough year filled with macroeconomic headwinds and deep consumer pessimism in key marketplaces, the sports industry proved to be a bit of a guiding [...]

The Best of BoF 2025: A Year of Global Upheaval

Trade turmoil, luxury's slowdown and shifting consumer behaviours reshaped global fashion in 2025, pressuring manufacturers from Vietnam to China while opening frontiers in India, Africa and Latin America. But creative [...]

The Best of BoF 2025: Innovation is King

Skincare brands are finding post-pandemic growth more elusive, as customers whittle down their routines and seek out expert-backed brands. [...]

Saks Mulls Bankruptcy Year After Raising Billions for Turnaround

The company is also weighing additional ways to shore up liquidity, including raising emergency financing or selling assets, Bloomberg reported. [...]

Ronald Lauder Is Optimistic About 2026 but Worried About Mamdani

Billionaire cosmetics heir Ronald Lauder, 81, remains optimistic about 2026 expressing hope for solving problems and focusing on defeating incumbent Democrat Kathy Hochul in the New York governor’s race. [...]

Shein’s Global Ambitions Survive French Store Uproar

Almost two months after its doors opened, efforts to resist the fast-fashion retailer in France are falling flat. [...]

UK Consumer Spending Power Grows Ahead of Christmas, Asda Says

Price inflation in British shops eased to the lowest level in five months in November, according to the British Retail Consortium. [...]

Report: UK Fashion Label LK Bennett Seeks Accelerated Sale

The chain is working with Alvarez & Marsal to sound out potential buyers and investors, Sky News reported. [...]

In Beauty, Private Equity Is Hot Again

As strategic firms slow down their shopping sprees and venture capital dollars dry up, PE firms’ reputation for asset stripping is a thing of the past. Founders are now often [...]

Struggling Coty Names P&G Veteran as Interim CEO

Markus Strobel will replacing Sue Nabi, as the company faces pressure on its mass-market business and a steep share-price decline. [...]

Raf Simons Brand to Sell Archive at Dover Street Market Ginza

The sale in Tokyo comes three years after the Belgian designer shut down his label. [...]

Fashion’s Hottest New Sales Strategy Is One of Its Oldest

As wholesale continues to be challenged and marketing costs soar, trunk shows are fuelling sales — that is, for brands that know how to get in front of the right [...]

An Innovative Factory Runs Into Sustainability’s Scalability Problem

Heat pumps similar to those widely used in homes and buildings offer a glimpse of how fashion manufacturers might slash their emissions, if only there were a one-size-fits-all solution. [...]

This Week: One Last Push for Holiday Sales

Retailers are hoping to make the most of surprisingly strong consumer spending as the crucial end-of-year shopping season draws to a close. [...]

Golden Goose Sneakers Sold by Permira to Chinese Firm HSG

The deal values the company at slightly over $2.9 billion, Bloomberg reported. [...]

PR Firm BPCM Names New Leadership

Co-founders Vanessa von Bismarck and Carrie Ellen Phillips have appointed chief-of-staff Nancy Cuocci and global managing director Victor de Vita as partners. [...]

Can the Multibrand Fiasco Be Salvaged in 2026?

Matches is plotting yet another reboot, Ssense has a restructuring lifeline and an interest payment looms for Saks. Together, they signal an industry in crisis, but hope springs eternal. [...]

The Frayed Edge: Fashion’s Climate Reckoning Is Just Getting Started

From dangerous heat on factory floors to flooding across sourcing hubs, climate risks are catching up with fashion’s supply chains. While new recycling initiatives attempt to scale to address the [...]

Pat McGrath Labs Puts Assets Up for Sale

The legendary makeup artist’s eponymous brand is undergoing “restructuring and recapitalisation processes” expected to be completed in 2026. [...]

Beauty Brands Are Finding Their Next Customers on the Operating Table

As interest in surgical procedures and so-called “tweakments” builds, a new cottage industry is emerging. Brands are targeting patients looking to maximise, extend and protect the results. [...]

The BoF Podcast | Awar Odhiang on Joy, Inclusion and Her Viral Chanel Moment

At BoF VOICES 2025, Awar Odhiang speaks to BoF founder Imran Amed about the gap between being celebrated publicly and understood privately, why inclusion has to extend behind the camera, [...]

The Kicks You Wear: Nike Is In Its ‘Middle Innings,’ But Is The Home Stretch Close?

Elliott Hill continued to preach patience as Nike reported another quarter of modest growth and set its agenda for 2026. [...]

Nike’s China Conundrum Deepens as Turnaround Stagnates

In the Chinese market, the athletic brand is facing a sixth straight quarter of sales decline and mounting margin pain despite aggressive efforts to refresh product offerings. [...]

Coty Sells Remaining Stake of Wella in $750 Million Deal with KKR

Coty said on Friday it sold its remaining 25.8 percent stake in the hair care brand, while retaining rights to a share of any future sale or initial ⁠public offering [...]

Retail Sales Unexpectedly Fall in UK in Run-Up to Christmas

Retail sales surprisingly dropped 0.1% in November, falling short of expected growth and showing a "weaker than usual" boost from the Black Friday sales event. [...]

How to Market a Hero Product

From J.Crew to Still Here, brands are leaning into hero product campaigns to capture customer attention. But balancing hero moments with broader brand storytelling remains key. [...]

TikTok Signs Deal to Sell US Unit to American Investor-Led Venture

The deal, set to close ‍on Jan. 22, would end years ‍of efforts to force the app’s ⁠Chinese parent ByteDance ‍to divest its US business over national security ‍concerns. [...]

Nike Sales Beat Is Overshadowed By Converse, China Slumps

Direct-to-consumer sales missed expectations, while Converse plunged 30 percent in the fiscal second quarter ended Nov. 30. [...]

Kering to Buy Jewellery Producer Raselli Franco

The 20 percent stake will be further expanded to full ownership by 2032, Kering said in a statement. [...]

LVMH Names Laura Burdese CEO of Bulgari

Long-time Bulgari CEO Babin will remain chairman of the Roman jeweller and CEO of Bulgari Hotels, and continue to oversee LVMH’s watches unit. [...]

Full Coverage: Can Tina Craig’s U Beauty Crack Luxury Beauty?; An Anastasia Beverly Hills Update

This week, I’m thinking about creators-turned-founders, a high-glam makeup brand’s money problems and Sue Nabi’s potential departure. [...]

US Consumer Prices Increase Less Than Expected in November

The consumer price index rose 2.7 percent year on year in November, the Labor Department’s Bureau of Labor Statistics said on Thursday. [...]

Pop Mart’s 40% Stock Rout Shows Growing Labubu Crash Worry

A disappointing US Black Friday and cooling resale demand have revived comparisons to the 1990s’ Beanie Babies bust. [...]

Zara Turns to AI to Generate Fashion Imagery Using Real-Life Models

The Inditex-owned brand’s AI experimentation follows Swedish rival H&M, which created AI ⁠clones of models to use in marketing earlier this year. [...]

How a Beauty Brand Loses Its Cool — and Gets It Back

The beauty labels that defined the 2010s, from Milk Makeup to Herbivore Botanicals, are now attempting to reignite shoppers’ desire in a new era. [...]

Birkenstock Sales Climb as Shoppers Snap Up Its Sandals, Clogs

The company reported higher sales and profit on strong demand for its pricey sandals and clogs, while predicting a slower pace of growth for the year ahead. [...]

Activist Investor Takes Over $1 Billion Stake in Lululemon

Elliott Management has acquired a stake of over $1 billion in the activewear brand and is lining up a potential CEO candidate to take over after Calvin McDonald’s departure. [...]

Despite Tariffs, China Consumer Giants Push Into the US As Domestic Market Stalls

Brands like Urban Revivo and Pop Mart are expanding into the US retail market to seek higher margins and offset slower domestic spending. [...]

Swiss Watch Exports Fell in November Before US Tariff Reprieve

Exports dropped 7.3% in November from a year earlier as companies waited for the US agreement to ease punitive import tariffs to take effect. [...]

Generative AI Is Revolutionising Virtual Try-On. Will Shoppers Use It?

Open-sourced large language models have made it easier to create realistic images of online shoppers in outfits before they buy them. The next challenge is getting people to actually use [...]

How Luxury Brands Aim to Keep the 2% Coming Back for More

Exclusive labels are lavishing top-spending clients with special events as luxury’s customer base shrinks. [...]

Falling Sales at Stella McCartney Fuel Fears Over Fashion Label’s Future

The brand’s directors warned it could run out of cash by 2028. [...]

Puzzled presidents bring festive cheer—Merry Christmas!

Lego-style puzzle portraits of Donald Trump and George Washington are part of the White House Christmas decorations [...]

Mexico City's giant Modernist mosaics face uncertain future

Public murals, sculptures and reliefs from the 1950s that adorned an earthquake-damaged building are now in storage [...]

Pablo Picasso and Safeya Binzagr headline Sotheby’s second sale in Saudi Arabia

Auction house powers ahead with blue-chip lots in the Middle East but luxury items fall out of favour [...]

The waves that disappeared—Art duo Cooking Sections track lost tides in new installation

Centro Botin presentation also taps into community concerns about dredging and port expansion [...]

Guy Wildenstein steps down as president of Wildenstein & Co. gallery after 35 years

Patriarch of the French-US dealing dynasty, who helped shape countless collections, insists legal issues played no part in the decision [...]

Rwanda boosts culture infrastructure with new non-profit contemporary art centre

Gihanga Institute of Contemporary Art, a first for the East African country, houses residency spaces along with a reference library [...]

Smithsonian’s National Museum of Asian Art returns three sculptures to Cambodia

Researchers at the museum concluded that the three artefacts were removed from Cambodia during the civil war of the 1960s and 70s [...]

Robert Mnuchin, the blue-chip gallerist who loved the drama of the auction saleroom, has died aged 92

After working in finance, he began a second art world career in New York in his 60s [...]

Guatemala’s Bienal de Arte Paiz nurtures connections across geography and history

In its largest edition yet, the biennial frames art as an “arboreal metaphor” for exchange, resistance and resilience [...]

Comment | Digital art today has a narcissism problem

Beeple’s anarchic entry into Art Basel Miami Beach doubled down on cult of personality at the expense of artistic substance [...]

We are all in the gutter but Banksy’s Christmas kids are looking at the stars

The same work has appeared in west London and under the Centre Point tower in the city centre [...]

Late UK artist Sarah Cunningham honoured with Nottingham Contemporary show

Exhibition next autumn marks return of the artist’s work to the city where she was born [...]

Arnulf Rainer, a revolutionary figure in postwar Austrian art, has died aged 96

The Baden-born artist, known for addressing the trauma of the Holocaust, was a founding member of the influential Galerie nächst St Stephan [...]

A museum packed with once banned art is flourishing in the Uzbek desert

Nukus Museum’s vast cache of Russian avant-garde and national folk art is driving cultural tourism [...]

Spirited art—Sharon Stone looks to the afterlife for her latest paintings

For her new Rogues Gallery series, the film star says she channelled spirits from across the centuries [...]

Heidi Lau and Wong Ping both win M+ Sigg Prize

Six artists were shortlisted for Chinese contemporary art prize worth $130,000 [...]

Tefaf director Dominique Savelkoul has left her post over 'differing views' with the organisation

The Belgian museum expert was appointed in September last year [...]

Comment | Dave the Potter finally becomes a complete artist

Spending most of his life in slavery, David Drake was denied the right to benefit from his own creativity and so to be an artist in every sense—until now [...]

Metropolitan Museum, Virginia Museum of Fine Arts and US collector return dozens of antiquities to Turkey

The repatriations are linked to long-running investigations into looting at Bubon and other archaeological sites, as prosecutors in New York step up pressure on museums and collectors [...]

Staff at Lacma vote overwhelmingly in favour of forming a union

The new union, which 96% of eligible employees voted for, will represent more than 300 employees [...]

'We can imagine alternatives to the present': Cannupa Hanska Luger on his exhibition at the Joslyn Art Museum

For his new show, the multidisciplinary artist drew inspiration from 19th-century watercolours of Indigenous communities by the Swiss artist Karl Bodmer [...]

Bill Koch’s collection could fetch $50m at Christie’s as interest in American Western art grows

It is estimated to fetch more than double the category's existing record for a collection at auction [...]

Trump's name added to Kennedy Center for the Performing Arts, despite legal questions

President Trump's latest step in his takeover of the revered performing arts venue involved a hasty change of title [...]

Enrico David: ‘It’s as if the objects are there as an avatar for something that has gone’

From mutated humanoid figures to sculptural furniture and miniature theatrical scenes, the Italian artist’s exhibition at the Castello di Rivoli teems with proxies for loss [...]

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 [...]

Mary Anne Carter, National Endowment for the Arts chair during Trump’s first term, takes the helm again

Carter has been serving as the agency’s acting chair since January [...]

The art world in 2025: our review of the biggest stories and shows—podcast

From the Los Angeles wildfires to Trump’s policies on culture and heritage, The Art Newspaper's editors analyse the year's biggest stories [...]

Art market 2025 review: all eyes on the Gulf as Trump destabilises global order

Tariffs and new anti-trafficking rules took their toll in the US and Europe this year, as attention and investment shifted to the Middle East [...]

Bing Crosby’s collection brings a white-glove Christmas to Sotheby’s

The $6.7m New York sale of the film star's prized possessions closed out a successful season for the auction house [...]

Van Gogh in 2025: Record prices, memorable shows and the first Korean acquisition

This year also brought a disturbing threat to Amsterdam’s Van Gogh Museum [...]

Plans for €128m Guggenheim Bilbao expansion scrapped following protests

The proposed museum outpost at a nearby nature reserve has been mired in controversy since it was first mooted in 2008 [...]

Public art installation marks anniversary of New Orleans terrorist attack

Featuring more than 800 flags commemorating the 15 victims, the temporary installation “Second Line in the Sky” offers locals and visitors alike a space to reflect and heal [...]

Francis Kéré's design for Las Vegas Museum of Art revealed

The Pritzker Prize-winning architect plans for the building draw dual inspiration from Las Vegas as a centre of Modernist architecture and a site within a stunning natural landscape [...]

Brutalist home of England's first National Black Art Convention saved from demolition

The University of Wolverhampton’s School of Art building, which played a key role in the emergence of the British Black arts movement in the 1980s, has been granted Grade II [...]

In 2025, new ‘independent and nimble’ art fairs began redrawing the market map

A series of small-scale, affordable events are challenging the dominant scene [...]

Theaster Gates to create giant frieze for Obama Presidential Center

The artist will celebrate Black Chicago using photo archives from Jet and Ebony magazines [...]

Construction of Trump’s White House ballroom continues despite heritage body’s lawsuit

A federal judge has rejected attempt by National Trust for Historic Preservation to temporarily halt president’s pet construction project [...]

Following controversy, all names will be left off Canadian monument to ‘victims of communism’

More than half the names originally planned to be inscribed on the Ottawa monument have been linked to Nazis [...]

Malba acquires collection of more than 1,200 Latin American works

The Buenos Aires museum has acquired the entire Daros Latinamerica Collection and is planning an expansion to accommodate its new holdings [...]

Reopening of Libya's national museum celebrated as ‘new beginning’

Archaeologists hope that the space, closed for more than ten years, will create positive change for the country’s heritage [...]

Christie's and Sotheby's end 2025 with increased sales, thanks to luxury goods, trophy lots and private deals

Projected revenue at both auction houses is up from 2024, at $7bn for Sotheby's and $6.2bn at Christie's, with high-profile transactions increasingly taking place behind closed doors [...]

Arts Council England review: reforms, endowment funds and tax incentives

Labour peer Margaret Hodge, who led the report, has suggested new funding proposals based on philanthropic giving [...]

Comment | When did US museum design get so boring?

While art-museum architecture remains vibrant across the globe, many US institutions are both uninspiring and unwelcoming [...]

A brush with… Olafur Eliasson

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

Ecuador's Bienal de Cuenca marks 40th anniversary with a playful theme but a serious tone

The biennial opens its 17th edition with a wide-ranging programme of 17 curators directing the projects of 51 artists across multiple venues [...]

Art Fund awards £1.2m to 29 UK museums to support ‘innovative’ projects

Charity's “Reimagine” programme will fund a variety of initiatives, from developing a new model for provenance research to preserving digital heritage [...]

MoMA explores how African studio portraits offered a new vision of freedom

Show proposes that West and Central African photographers may have helped shape Black identities across the globe [...]

Comment | After a market shake up in 2025, it's time to create a right-sized art trade

From collaboration to consolidation, some dealers are adapting to a changing market that many agree should not return to its previous peak [...]

56 participating artists, duos and collectives revealed for 2026 Whitney Biennial

The exhibition, co-curated by Whitney Museum of American Art staffers Marcela Guerrero and Drew Sawyer, will feature artists from 25 states and Puerto Rico, plus “places marked by the reach [...]

Pussy Riot branded ‘extremist organisation’ by Russian court

The ruling will effectively ban the feminist punk protest collective's activities in Russia [...]

Renew – Lazin Magazine – May June 2024