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

War in the Middle East is weighing on prospects for the sector’s rebound, but analysts are sticking to their growth forecasts — for now. [...]

Should We Still Believe in Nike?

Despite all of Nike’s restructuring and reinventing, the company’s stock is hovering around $53 per share, which is as low as it’s been since 2017. The Street, and much of [...]

Worldview | Tokyo Fashion Week Doubles Down on Asia

This week’s round-up of global markets fashion business news also features Eid al-Fitr spending across the Gulf, Moscow Fashion Week and Indian factories squeezed by the Middle East war fuel [...]

Ralph Lauren Resets Sustainability Plan After Dropping Net-Zero Target

The company is shifting to shorter-term, measurable goals after dropping its target of reaching net-zero emissions by 2040 last year. [...]

Spain’s Puig Shares Jump on Lauder Merger Talks

Shares of the Spanish beauty group surged around 16 percent on Tuesday, on track for their best trading day on record, after announcing they were in talks over a ⁠potential [...]

Nicolas Di Felice Exits Courrèges

During five years as artistic director, Di Felice reactivated the storied Parisian label with a clubby energy and collections that breathed new life into its Space Age DNA. [...]

Chinese Competitors Move Into Nike and Zara’s Core Markets

As domestic demand weakens and global consumers seek out lower-priced alternatives, Chinese challenger brands like Anta and Urban Revivo are rolling out stores from Bangkok to Beverly Hills. [...]

Why Estée Lauder Companies and Puig Need Each Other

The Spanish owner of Byredo, Rabanne and Charlotte Tilbury and the American conglomerate confirmed on Monday that they are in discussions to combine their businesses. A merger could reshape the [...]

Advent International Acquires Salt & Stone

The premium body care maker will join the private equity firm’s portfolio, which also includes Olaplex and Parfums de Marly. [...]

Oil Slides, Stocks Climb on Trump’s Iran Reprieve

Oil prices tumbled by over 8 percent after Trump said the US was in talks with Tehran to end the US-Israeli war on Iran, a claim parliamentary speaker Mohammad Baqer [...]

Puig, Estée Lauder Companies Considering Merger

The Spanish owner of Byredo, Rabanne and Charlotte Tilbury and the American conglomerate confirmed on Monday that they are in discussions to combine their businesses. [...]

Applied Nutrition Sinks as War Disruption Poses Growth Risk

The UK supplement maker's shares slumped the most since its 2024 IPO after warning of disruption from the conflict in the Middle East, its CEO told Bloomberg. [...]

New Luxury Store Openings Rise in Europe, Cushman Data Shows

The continent’s leading luxury retail streets saw a 13 percent rise in new outlets last year, with fierce competition for prime locations, according to Cushman & Wakefield. [...]

In a Pricing Pinch, Mass Beauty Brands Get Creative

Lower-priced beauty brands are feeling the pinch as fixed costs rise and customers reign in their spending. To grow, brands will need to rebuild creative muscle to improve product development [...]

Garage Clothing Owner Rides Y2K Fashion to $5.3 Billion Fortune

Andrew Lutfy, CEO and majority owner of Groupe Dynamite, saw his net worth surge to $5.3 billion after a sharp rise in shares following the company’s 2024 IPO. [...]

Danone Acquires Protein Drinks Maker Huel in €1 Billion Deal

Huel, which counts actor Idris Elba and TV presenter Jonathan Ross among its investors, has agreed to be acquired by the French consumer goods group in a deal worth about [...]

Qatar Investment Authority Eyes 10% Stake in Golden Goose

Qatar’s sovereign wealth fund is preparing to buy a stake in Italian sneaker maker Golden Goose, Corriere della Sera reported Saturday. [...]

Retailers Push UK to Join US and EU Ending Shein Parcel Loophole

British retailers are pushing the UK government to end a tax loophole that has helped online giants Shein and Temu make significant inroads and gain market share. [...]

Exclusive: Deciem to Relaunch The Chemistry Brand

The Estée Lauder-owned beauty company and The Ordinary parent will relaunch one of its original brands as it moves to rekindle its reputation for incubation. [...]

Executive Memo | Navigating the Unravelling of Multibrand Retail

Wholesale remains essential for the luxury industry, but the rules of engagement have changed. Brands need to know how to minimise the risks and maximise the rewards in their relationships [...]

Why H&M’s Sustainability Report Is So Unusual

The Swedish fast-fashion retailer is one of a shrinking number of companies that’s still drawing attention to its emissions goals. Plus, a Shanghai Fashion Week preview. [...]

The Industry That Eats Its Young

Small fashion labels have always been shortchanged by their wholesale partners. A wave of high-profile bankruptcies has turned a structural injustice into an existential crisis. There is a better way [...]

The Zara-Fication of John Galliano

Fashion’s enfant terrible is trading exclusivity for the mass market. Is it the ultimate fashion coup, or the final surrender of prestige? [...]

The Impact of War on Fashion’s Supply Chain

Textile hubs are already feeling the cascading risks of the conflict in Iran as Washington ramps up forced labour probes to revive tariffs, while decarbonisation in fashion’s factories might finally [...]

Bella Freud on Fashion and the Art of Getting People to Open Up | The BoF Podcast

The designer and podcaster joins Imran Amed to reflect on the emotional power of clothes, what Vivienne Westwood taught her about rebellion and how Fashion Neurosis has unlocked a new [...]

De Beers Makes Sweeping Cuts to Its Elite Diamond-Buying Club

The diamond company produced less than 22 million carats last year, down from almost 35 million in 2022. [...]

Virgil Abloh Archive Begins a New Era with Nike

Nike’s first official shoe release with the Virgil Abloh Archive begins its launch cycle this week. [...]

L’Oréal India in Talks to Acquire Beauty Company Innovist

L’Oréal is in advanced talks to acquire a majority stake in Bare Anatomy parent Innovist sources told The Economic Times India. [...]

How Dwayne Johnson Made a Skincare Brand Men Actually Buy

The ‘everyman’ skincare market is moving towards premiumisation, as brands like Johnson’s Papatui ditch traditional one-note marketing for a more considered approach. [...]

Zegna Chairman Says War Has Clouded Visibility of Demand in Middle East

The Italian fashion house cautioned the war is reducing visibility on demand in the Middle East, which accounts for 7 percent of its sales, though all stores are currently open [...]

How to Protect Work-Life Balance in the Fashion and Beauty Industries

Industry insiders share advice on how employees in notoriously competitive fields like fashion and beauty can protect their working hours and set professional boundaries while achieving career goals. [...]

Why Adidas Is Suing a Sneaker Leaker

The activewear giant’s legal action against the popular sneaker news site Sole Retriever exposes hidden fault lines in the industry's relationship with the media that covers it. [...]

Why Revolve Can’t Stop Talking About AI

The e-commerce giant is betting that a ‘culture of AI’ can solve the mysteries of physical retail and help power its new pricey namesake luxury label. [...]

What Happened at Coperni Owner Tomorrow Ltd.?

The London-based showroom-turned-brand incubator, which also owns Martine Rose, is being sold to Italy’s Andrea Ciccoli. Founder Stefano Martinetto breaks down the move for BoF in this week’s High Margin [...]

Glossier Appoints New CMO

Nicole Solorzano, who joins from Ouai, is the Millennial beauty brand’s latest hire. [...]

Macy’s CEO Points to E-Shaped Economy, Signalling Consumer Shift

The mention of a forked economy by the head of America’s largest department store signals a heightened wariness that middle-income Americans will continue to spend at the same pace. [...]

Alibaba Targets $100 Billion of AI Revenue in Five Years

The Hangzhou-based company is the most aggressive Chinese spender on AI technology, having pledged over $53 billion of AI investment over several years. [...]

Opinion: Harry Styles Is Selling Sex — Even If Wall Street Won’t

The successful restock of a vibrator and lube from Styles' beauty and wellness brand Pleasing shows how celebrities are sustaining the sexual wellness category, writes Bloomberg's Jessica Karl. [...]

The Business of Beauty Global Awards: An Update on 2025’s Winners

Following their Global Award wins, founders from Akt London, Yse Beauty and Ruka share how the recognition changed their business trajectories. [...]

Is Harper Beckham Beauty’s Next It Founder?

This week, Priya Rao examines Gen Alpha’s next big brand, Hiku. [...]

France’s Bid to Suspend Shein’s Marketplace Rejected by Appeals Court

The decision from Paris’ Court of Appeal marked a win for the fast-fashion giant after a scandal over sex dolls resembling children for sale on its site. [...]

Tomorrow Ltd. Sells to The Level Group’s Owners

Andrea Ciccoli’s Progetto 11, parent of Italian e-commerce firm The Level Group, is taking over the cash-strapped distributor that owns Coperni and Martine Rose. [...]

Where Grown-Ups Shop for Beauty

In the wake of Sephora tweens, brands and retailers have to win back Millennial and Gen-X shoppers who account for the lion’s share of beauty spend. [...]

Tariff Refund Lawsuits Surge Amid Uncertainty About US Plans

The number of companies suing for tariff refunds has spiked recently, with the latest group including companies such as Prada and Adidas, in a sign importers aren’t confident in the [...]

Coty Announces Board Revamp

The embattled Covergirl owner has appointed five new independent directors amidst a wider leadership and company shakeup. [...]

Zimmermann Names Roberto Eggs CEO

The Moncler Group executive will succeed longtime CEO Chris Olliver, who is staying on as executive chairman. [...]

Unilever Chases Consumers by Focusing on Beauty Rather Than Food

The UK giant’s chief executive Fernando Fernandez hopes to scale beauty, personal care and wellbeing up to two-thirds of the firm’s sales. [...]

Watch Exports Bounced Back in February Before War in Middle East

Swiss watch exports saw a 9.2 percent rise in February, driven by a strong rebound in the US market. [...]

Inside The Business of Beauty and Amazon Beauty’s Paris Dinner With Industry Leaders

Founders, C-Suite executives and creative leaders from brands including Augustinus Bader, L’Oréal, Louis Vuitton Beauty, Caudalie, Prada Beauty, Hermès, Sisley Paris and Vyrao Beauty joined The Business of Beauty and [...]

What It Takes for a Fashion Campaign to Break Through Now

As brands release their first spring ads, those that make an emotional appeal with fresh talent are resonating – as long as they remember to put the product front and [...]

Trevor Paglen wins $100,000 LG Guggenheim Award

The artist and investigator of digital surveillance infrastructures will deliver a hybrid lecture-performance at the Guggenheim in New York in May [...]

Researchers at Art Gallery of Ontario identify painter and subject of 18th-century portrait of Black woman

Curators at the gallery are now piecing together the transatlantic journeys of Eleonora Susette, an enslaved woman who travelled from present-day Guyana to Amsterdam and back [...]

Hong Kong’s West Kowloon Cultural District signs partnerships with 12 international institutions

The agreements will see an artist-in-residence pilot programme established with the Misk Art Institute in Riyadh and collaborations with Museums Victoria in Australia [...]

Michaelina Wautier’s work was lost, hidden or misattributed to men—now her rediscovered paintings are going on show in London

The exhibition at the Royal Academy of Arts will include her masterpiece “The Triumph of Bacchus” as well as the recently unearthed “The Five Senses” [...]

Ghanaian artist Ibrahim Mahama considering legal action after alleged police assault

The artist alleges that he was attacked by members of a special operations team known as ‘Black Maria’ while in a vehicle in Tamale, northern Ghana [...]

Textiles weave tales of Palestine’s rich but troubled history

Embroidery has long been a key form of artistic expression [...]

Comment | All hail the rise of the art internship

Against a backdrop of a contracting job market for graduates, initiatives such as the Sotheby’s Institute’s fellowship programme are supporting the next generation of art industry experts [...]

Goldfish on cars and ceramic flowers: artists take over the Peninsula Hotel in Hong Kong

Art in Resonance, an annual programme of site-specific commissions in the luxury hotels, invites artists to develop new works at scale [...]

Hong Kong gains new foundation for global majority

Brian Yue’s Cheng-Lan Foundation focuses on forgotten communities and making art more accessible [...]

Exhibitions to see during Art Basel Hong Kong

From woven photographs by the late Dinh Q. Lê to a survey of 21st century Chinese art [...]

Museums in Shenzhen and Guangzhou are building bridges between Hong Kong and mainland China

Cultural exchanges in both directions have been created via new infrastructure, rail routes and flights, but also organically, through artist and institutional collaborations [...]

New Hong Kong fairs offer fresh opportunities for a changing market

The events spotlight mid-career artists, try new fee structures and show works that fit inside a suitcase [...]

Hong Kong’s contemporary art scene is blossoming in difficult times

With four new art spaces opening, cultural workers see a bright future for the city [...]

French government blocks sale of newly discovered drawing by German Renaissance master Hans Baldung

The portrait has been deemed “a work of major historical and artistic interest“ for France’s national heritage [...]

‘Every minute was a minute to create’: Paris show presents Henri Matisse’s dazzling finale

The exhibition at the Grand Palais includes more than 300 works from the last 13 years of the artist’s life [...]

London exhibition celebrates Konrad Mägi, Estonia’s mystic Modern master

The painter was influenced by Pointillism and Cubism, but had a distinctive style that transcended both movements [...]

Keeping up with the Kleins: exhibition brings together Yves’s talented artist family

Show examines the rich legacy of Yves Klein’s father Fred Klein, his mother Marie Raymond and his widow Rotraut Klein-Moquay [...]

Art Fund launches new fellowship scheme for global majority curators

The scheme will aim to address imbalances in the cultural sector, explore transcultural perspectives and engage with communities [...]

The Met’s blockbuster Raphael exhibition looks beyond the artist’s idealised Madonnas

The show at the New York institution presents a much wider “social and historical context” of motherhood and childhood mortality [...]

British artist Simon Fujiwara’s new Luxembourg exhibition tackles Guernica, syphilis and the death of a Japanese pornstar

The artist explores the construction of self in works spanning two decades [...]

Gullah artist Sam Doyle’s narrative portraits shine at Outsider Art Fair in New York

His works, painted on found wood and discarded tin, illuminate culture on the remote Saint Helena Island [...]

New Museum extension opens, NextGen collectors, a Wardian Case in Oxford – podcast

In this week's episode of The Week in Art, Ben Luke discusses the newly-enlarged New Museum, talks to Georgina Adam about her new book on the latest generation of art [...]

Zurich's Museum Rietberg transfers 11 Benin Bronzes to Nigerian government

Nine of the objects will stay in Switzerland despite the change of ownership [...]

Police investigating DJ’s comments at Sydney Biennale opening following antisemitism allegations

New South Wales Jewish Board of Deputies (JBD) had filed a letter of complaint about a speech by Zubeyda Muzeyyen [...]

Russia’s pavilion at Venice Biennale will be closed if it features propaganda, city’s mayor says

Luigi Brugnaro makes clear however that he feels the event should be a place for “diplomacy and openness” [...]

Van Gogh goes to China, with a more affordable early painting

Christie’s decides Hong Kong is the best place to sell the forest landscape [...]

London National Gallery’s visitor numbers remain below pre-Covid levels, despite renovation boost

Meanwhile, London’s Natural History Museum overtakes British Museum as most-visited attraction in the UK [...]

New Chilean president reverses predecessor’s policies, cutting culture budget

The 3% cut to all ministries' budgets, which has raised concerns within the National Union of Artists, is part of José Antonio Kast’s plan to bring down public spending [...]

Mexico’s culture ministry urges eBay to halt sales of pre-Hispanic artefacts

The Florida-based seller claims the listed objects were purchased legally, adding: “I suggest you research the laws” [...]

Major collection of Indian paintings and calligraphy to be offered at Christie's

Following the success of the Aga Khan sale in October, works from the collection of Seattle-based Mary and Cheney Cowles will be sold in London in April [...]

Art Dubai 2026 to be postponed and adapted in response to regional conflict

The fair’s 20th edition will be rescheduled to mid-May and have a “more focused and flexible format”, as Iranian strikes in the UAE show no signs of abating [...]

Dalí painting that inspired Schiaparelli dress to be shown in UK for first time

“Necrophiliac Spring” was owned by the Italian fashion designer and led her to create the Tears Dress, one of her most famous creations [...]

British Museum did not remove Palestine from labels due to pressure campaign, museum sources say—as backlash continues

Some scholars however have questioned the wording used in the new labels in the Ancient Levant and Egyptian galleries [...]

Comment | Why doesn't Tefaf Maastricht move to Brussels?

The out-of-the-way Maastricht offers travel complications and inferior accommodation—but its intimate size is its advantage [...]

Comment | Climate change is forcing tough choices—how much heritage can we save before it is too late?

As increasingly extreme weather threatens cultural sites, archaeologists are turning to technology to try and record them before they are lost forever [...]

Exhibition explores how the US shaped Joan Miró—and he it

Works by the Catalan master will be shown alongside works by American contemporaries at Washington, DC’s Phillips Collection [...]

The new New Museum: now with twice the space

The New York institution opens its $82m expansion with a huge exhibition of works by more than 200 artists, from Salvador Dalí to Precious Okoyomon [...]

Reimagining communities: inside the Hong Kong International Cultural Summit

As cultural leaders from across the world meet in Hong Kong, we speak to three of the key figures at the city's West Kowloon Cultural District (WestK) to find out [...]

Helen Legg appointed artistic director of London's Royal Academy of Arts

Currently director of Tate Liverpool, Legg will be responsible for the RA’s exhibitions, collection and public programme [...]

Understanding Nifty Gateway’s demise is paramount for NFTs’ fans and critics alike

The platform never reached its goal of converting one billion people into NFT collectors, but its rise and fall revealed much about the digital art ecosystem [...]

US congress passes revamped Holocaust recovery bill that sidesteps many legal defences

The Hear Act of 2025, which now only needs president Trump’s signature to become law, extends and expands the reach of its 2016 predecessor [...]

Nearly 200 Venice Biennale participants sign letter demanding cancellation of Israeli pavilion

Signatories include artists Alfredo Jaar, Yto Barrada, Rosana Paulino, Meriem Bennani and Cauleen Smith, along with curators such as Binna Choi and Carles Guerra [...]

New book shows why physical maps have an important role to play in our digital world

A passionate cartographer reveals fascinating histories—and what we lose with the demise of printed maps [...]

‘I don’t like that idea’: outgoing Tate director Maria Balshaw enters debate on museum admission charges

Balshaw says a proposed 'tourist tax' would be a better source of revenue for UK museums [...]

500-year-old Aztec ritual offering uncovered in Mexico City

Six volcanic-stone boxes found at Templo Mayor reveal a ceremony linked to Moctezuma I’s imperial expansion [...]

Next edition of Getty's PST Art initiative will focus on Los Angeles’s connections around the Pacific Rim

The initiative’s fourth edition in 2030 will be devoted to transpacific cultural exchange, with grant applications opening to institutions across eight Southern California counties this June [...]

Jointly held Singapore fairs bring Southeast Asian art 'into a larger global dialogue'

For the first time, curated Southeast Asian boutique fair S.E.A. Focus was folded into Art SG [...]

Endemic leaking problems at Frank Lloyd Wright's Fallingwater finally come to an end

A $7m conservation project has focused on mitigating the engineering issues of the architect's masterpiece as well as preparing the building for a changing climate [...]

Tate announces major David Hockney, Edvard Munch and Sonia Boyce exhibitions for 2027

The programme, announced as Tate’s director Maria Balshaw departs, will also feature shows for the Algerian modernist painter Baya and the British artist Thomas Gainsborough, alongside a group exhibition exploring [...]

Can Tefaf Maastricht keep up with the experience economy?

The venerable fair continues to offer a trove of historic treasures, but that might not be enough to draw in today's wealthy buyers [...]

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