may 2024

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

The Kicks You Wear: Nike Is Restructuring — Again

Elliott Hill is continuing to build out his vision for Nike with yet another round of C-Suite changes, but can that vision be a bit more solidified for 2026? [...]

Estée Lauder Driving Growth With New Brands and Global Focus, said CEO

The US beauty giant is focused on expanding market share and increasing sales by developing new brands, Stéphane de La Faverie said on Thursday. [...]

Luxury Stocks Look Ready for a Stronger Year After Their ‘Detox’

Optimism is building that a second-half rally in Europe’s luxury-goods sector can extend into the new year as signs point to better times for the continent’s flagship equity sector. [...]

France Seeks Three-Month Suspension of Shein Website in Court Hearing

The fast-fashion company returns to court as the French government requests to suspend its website for three months. [...]

How Centring Community Kickstarted Kotn’s Growth

After growing a post-pandemic cult following and making a shift towards community-first brand building, the independent Egyptian-Canadian brand is now expanding its global footprint. [...]

Westwood and Kawakubo: Two Revolutionaries, One Spirit

Longtime collaborator Stephen Jones meditates on the limitless creativity of rule-breaking radicals Rei Kawakubo and Vivienne Westwood as they get a major exhibition at the National Gallery of Victoria in [...]

Succession at LVMH? We Don’t Talk About It, Says Arnault’s Wife

‘It's a topic that the two of us almost never discuss,’ Helene Mercier told a French publication. [...]

Ulta Raises Outlook as Demand for Cosmetics Remains Robust

Ulta Beauty Inc. raised its full-year outlook after reporting better-than-expected results in the third quarter, a sign that consumers are overcoming any reluctance to spend and shelling out for cosmetics [...]

Full Coverage: A Sephora Supplement Scoop; K-Beauty’s Dream Machine

This week I’m thinking about K-beauty's rapid innovation cycle, Sephora getting out of the vitamin business and the art of good merchandise. [...]

The Estée Lauder Companies Announce New Middle East GM

Dubai-based Ossama Ogla, who assumed the role in September, joins the US conglomerate from roles at Dyson and L’Oréal. [...]

Why Prada Moved on From Dario Vitale (and What Comes Next for Versace)

The news that Versace’s designer is exiting the brand comes two days after Prada’s acquisition of the brand, confirming months of speculation. What will Versace do next? [...]

Watches of Switzerland Sees 15% Surge in US Sales on Demand for High-End Timepieces

US sales reached $545.52 million in the six months ending Oct. 26. [...]

Adidas Defeats Appeal of Lawsuit Over Imploded Ye Partnership

A San Francisco court ruled that the German sportswear company did not mislead shareholders in its annual reports. [...]

How Gift Sets Became Big Beauty Business

Gift sets have transitioned from being a stocking stuffer at a more affordable price to a luxury offering driving this holiday season’s sales. [...]

Inside Gen Alpha’s Press-On Nail Obsession

Artificial claws are becoming increasingly popular for teens and tweens, toeing the line between play and personal expression. [...]

Dermatological Brand Dr. Idriss Appoints Chief Marketing Officer

Tamera Ferro is the first CMO for the US skincare label, founded by dermatologist Dr. Shereene Idriss. [...]

What Should a 21st Century Mechanical Watch Look Like?

Perhaps more like a screen. A decade after Apple Watch, industrial design legend Marc Newson returns to watchmaking to partner with Ressence, the Belgian startup known for its dome-like crystal [...]

China’s Biggest Beauty Firm Lays Out Strategy to Rival L’Oréal

Proya reported sales above 10 billion yuan last year, the first Chinese beauty company to do so. Its billionaire founder is now on the hunt for European brands. [...]

Italian Police Seek Governance Documents From 13 Fashion Firms in Labour Abuse Probe

Governance and supply-chain documents have been requested from 13 luxury fashion brands, including Gucci and Prada, as part of an ongoing investigation into alleged worker exploitation. [...]

Report: Shareholders of Finetoday to Get Payout Funded by $350 Million Goldman Loan

The Japanese personal care company, spun out from Shiseido in 2021, is now said to be mulling the sale of a controlling stake after its failed Tokyo IPO, sources told [...]

Tod’s Granted Delay to Ad Ban Ruling After It Pledges Tougher Supply-Chain Checks

A hearing on whether Tod’s advertising should be banned due to concerns over alleged labour abuses has been postponed. [...]

Levi’s Answer to an Increasingly Complex World: Simplify

To weather tariffs and macroeconomic uncertainty, CEO Michelle Gass reveals how the denim brand is streamlining its business and emphasising profitability in the BoF-McKinsey State of Fashion 2026. [...]

How Staud Churns Out Hit After Hit

After a decade in business, Sarah Staudinger’s brand is profitable, on track to hit $250 million in annual sales, with an even split between ready-to-wear, shoes and accessories, wholesale and [...]

Reinventing the Online Customer Journey in 2026

At BoF VOICES 2025, BoF and Amazon Fashion & Sports hosted a lunch for fashion business and creative leaders to discuss the future of discovery, loyalty and assisted shopping in [...]

LVMH Has Never Misappropriated Hermès Heir’s Shares, Company Says

Nicolas Puech filed a civil lawsuit against LVMH chief executive Bernard Arnault earlier this year. [...]

High Margin: Chanel Takes the Subway, LVMH’s Management Shakeup

What’s going on at luxury’s two biggest brands, Chanel and Louis Vuitton? Plus, Sant Ambroeus opens in Paris. [...]

The Debrief | 5 Big Questions About Luxury

Luxury editor Robert Williams joins The Debrief to discuss the latest developments in luxury, from Prada’s acquisition of Versace to fashion’s favourite restaurants. [...]

Tech Mode: AI’s Impact on Holiday Shopping

Traffic to US retailers from AI sources soared on Black Friday and Cyber Monday, while EssilorLuxottica’s wearables chief exited and Google introduced a hot new AI model. [...]

Opinion: Puma’s Trailing the Pack — Deal or No Deal

The key to transforming the German sportswear brand is turbocharging sales growth, and that will be a struggle, writes Andrea Felsted. [...]

Why Beauty Brands Are Rushing to West Africa in December

A surge in diaspora tourism to Ghana and Nigeria during the festive ‘Detty December’ season has become a bankable opportunity for brands eager to push into a new market — [...]

Macy’s Lifts Outlook in Latest Sign of Solid Holiday Demand

The retailer beat Wall Street’s forecasts in the recent quarter and raised its guidance for the rest of the fiscal year, showing that consumers keep spending despite economic concerns. [...]

L’Oréal Will Start Work on Potential Armani Deal ‘Very Soon’, Says CFO

Chatting with analysts, L’Oréal CFO Christophe Babule said the French group is looking at a potential investment as one of the the Italian fashion house’s preferred bidders. [...]

Givaudan Acquires US Perfume Manufacturer Belle Aire Creations

The purchase comes as the Swiss fragrance-maker seeks to strengthen its North American foothold by 2030. [...]

Nike Continues to Shake Up Leadership Team Under CEO Hill

The company is eliminating some top roles and establishing others as it tries to get back on track and re-establish its authority in the sportswear market. [...]

Nike and Other Ads Banned in UK Over ‘Misleading’ Green Claims

The UK’s advertising watchdog said ads from Nike, Lacoste and Superdry misled shoppers by using the term ‘sustainable’ in paid-for Google adverts. [...]

Hermès Heir Takes Aim at LVMH’s Arnault in Civil Lawsuit

Nicolas Puech has filed a civil lawsuit against Bernard Arnault and LVMH, alleging he was deprived of Hermès shares now worth billions, court documents show. [...]

American Eagle Outfitters Raises Annual Sales Forecast

The apparel company raised its annual comparable sales forecast, driven by successful marketing initiatives and a focus on higher-earning consumers. [...]

Amazon Cuts Seller Fees in Europe in Shein, Temu Price War

The company is enacting one of its largest ever fee reductions for European sellers, focusing first on lowering fees for sellers of cheap fashion. [...]

P&G Warns of Lagging Year-End Sales

A Procter & Gamble Co. executive said its US sales were down ‘significantly’ in October and probably through November, a cautionary note on American consumers’ spending heading into the holiday [...]

Report: Newly Appointed Drugs Chief Set to Leave FDA

The US Food and Drug Administration’s newly appointed head of the drug evaluation department, Richard Pazdur, is set to exit the health agency weeks after taking the job, STAT News [...]

Inditex’s Sales Rise, Showing Retailer’s Resilience

The Zara owner’s sales accelerated in November, highlighting its resilience in the face of weakening consumer sentiment that’s hitting many of its peers. [...]

Cosmo Shares Soar on Hair-Loss Treatment Results

The Irish pharmaceutical company's shares jumped the most in 17 years after the company said its experimental treatment for male hair loss, clascoterone 5 percent, showed breakthrough results in two [...]

CFDA to Ban Fur From New York Fashion Week

Set to take effect in September 2026, the new rule will see New York Fashion Week become the second major fashion week circuit to terminate its promotion of animal hides. [...]

Inside Toolio’s Vision for the Future of Retail Planning

Cloud-based merchandising platform Toolio provides fashion retailers with an AI-powered technology to optimise forecast planning and overcome excess inventory. BoF sits down with CEO Eytan Daniyalzade to learn more. [...]

Kim Jones Remembers Pam Hogg

‘She’ll always be a superhero,’ writes Jones, who Hogg entrusted to pack up her studio and safeguard her life’s work before she died. [...]

Poland Bans Fur Farming in a Major Blow to the Global Fur Trade

The world’s second-biggest fur producer has passed an eight-year phase-out of all fur farms, accelerating fashion’s shift away from animal pelts. [...]

Korean Fashion Retailer Musinsa Seeking $6.8 Billion Valuation With IPO

The KKR-backed group has tapped Citigroup and JPMorgan as underwriters for the initial public offering. [...]

Jane Lauder Exercises Estée Lauder Companies Options

The granddaughter of Estée Lauder and former ELC chief data officer netted just under $90,000 from the transaction, according to regulatory filings. [...]

Sol de Janeiro Moves Beyond the Mist

Viral fragrance mists helped the body care brand top $2 billion in sales. Now, founder and chief executive Heela Yang speaks exclusively to The Business of Beauty about its next [...]

The Kicks You Wear: The Death of Sneakers Is Overstated

The sneaker aftermarket and sneaker culture might not be where they were during their peak years in the early 2020s, but that doesn’t mean that it’s over. [...]

Did Qatar’s Courbet acquisition short-circuit French export licence process?

The Realist masterpiece, ‘Le Désespéré’ is on long-term loan to Musée d’Orsay in what the museum describes as “an exceptional agreement” [...]

Political statements at Art Basel Miami Beach are sparse but strident

The heated cultural climate is felt at the fair, from a caustic Maurizio Cattelan sculpture to Cristin Tierney’s stand marking—and interrogating the meaning of—the upcoming semiquincentennial of US independence [...]

Guadeloupean artist Kelly Sinnapah Mary wins French art prize at Art Basel Miami Beach

The prize is awarded annually to a French artist exhibiting at Art Basel Miami Beach [...]

Steely gaze: a look back at Richard Hunt’s early work at the Institute of Contemporary Art Miami

A survey of the late sculptor’s work tracks the evolution of his singular approach to volume [...]

In pictures: a season for newcomers at Art Basel Miami Beach’s Meridians

“For a lot of the galleries and artists, this is their first time at Art Basel. It’s a good entryway into the fair,” says Meridians curator Yasmil Raymond [...]

Warhol’s Muhammad Ali canvas sells for a punchy price

The canvas sold for $18m at Art Basel Miami Beach, in the same building where Ali won his first heavyweight championship in 1964 [...]

Art Basel Miami Beach Diary: big feet, big muscles and big voices descend on Miami

Plus: women’s wrestling crushes it [...]

Cristina Chacón & Diego Uribe on the art they collect and why

The couple, who serve on the chairman’s council of the Institute of Contemporary Art Miami, have acquired a collection that spans across Miami, Bogota and Madrid [...]

‘Materials are so easily imported, but the people are not welcome’: Diana Eusebio’s show at the Museum of Contemporary Art North Miami tackles the realities of immigration

The Peruvian Dominican artist and Miami native investigates the American dream, as well as the act of re-creating home, through photographic textiles that she creates using the traditional hand-dyeing methods [...]

‘People didn’t believe it was real’: Indigenous artists push to shut the Everglades migrant-detention facility Alligator Alcatraz

Miccosukee and Seminole people have lead organised opposition to the detention centre, merging cultural practices with strategies of resistance [...]

Who let the dogs out? Beeple unleashes uncanny robot canines at Art Basel Miami Beach

The installation in the fair's new Zero 10 digital art section features robotic creatures with hyper-realistic heads resembling tech moguls [...]

Comment | Lessons of the Contessa: do we need special laws for spoliated art in private collections?

Following the rediscovery of Nazi looted work in an Argentinian home, Alexander Herman asks how the art market can sufficiently root out toxic provenance [...]

Medieval triptych ventures out of Dorset to sell for £5.7m in London Old Master auctions

“The Five Miracles of Christ” sold at Sotheby’s to a Christian foundation on Tuesday night, while an early Gerrit Dou led Christie’s evening auction at £3.8m [...]

A brush with… Kader Attia—podcast

Kader Attia 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 [...]

Welcome to Richard Prince’s world: artist builds his own mini art city in upstate New York

The invitation-only compound of galleries houses his collection, plus a car bodyshop [...]

Seven bullet holes discovered in Marseille basilica's Madonna and Child

The hidden holes in the gilded copper statue, located on top of the French city's Notre-Dame de la Garde, were inflicted by German troops during the Second World War [...]

Artists and Gulf royalty top ArtReview Power 100 list

Ibrahim Mahama takes first place in 2025 ranking of the art world's most influential people, becoming the first African artist to take the top spot [...]

‘Christmas came early’: Art Basel Miami Beach opens with avalanche of blue-chip sales

The most valuable sale reported was an abstract painting by Gerhard Richter for $5.5m, from David Zwirner [...]

Omar Lopez-Chahoud’s fresh curatorial project debuts at Miami Produce

The show features some of FF Projects’ artists, and brings community-minded art to the Allapattah neighborhood market [...]

Untitled Art fair displays new dimensions on Miami's South Beach

The fair’s 14th edition, housed in its distinctive pink-accented tent directly on South Beach, shows a range of creative sculptural wall-hangings in bold hues [...]

Nightlife scenes and local lore abound at Nada Miami's busy opening

The fair saw a flurry of early activity, including three works acquired by the Pérez Art Museum Miami [...]

Art Basel Miami Beach Diary: a pettable bronze piece, an un-buttoned up party and tarot in a grotto

Plus: data-driven sculptures delight hotel guests [...]

Ecological fables set in the Everglades: Kat Lyons stages first US institutional solo show at Marquez Art Projects

The artist regards Florida’s unique ecosystem as “emblematic of our larger environmental concerns” [...]

Miami Advice: Karina Ors on Bayfront Park, an urban oasis designed by Noguchi

A Miami native and director at Nina Johnson gallery, Ors developed a deep appreciation for the park even before she learned of its connection to Isamu Noguchi [...]

Pilar Crespi on the art-world friendships that have inspired her collection, and how to spend five days in Miami

The Miami-based philanthropist describes her first acquisition and the best local art venues to visit [...]

In pictures: flora and fauna at Design Miami

Works at the fair’s 20th edition feature organic shapes, leafy accents and creeping creature comforts [...]

Remembering Rauschenberg’s decades in Florida

Though the artist—who was born 100 years ago this year—lived and worked in countries around the world, for nearly 40 years his life and work was centred in the Sunshine [...]

Miami Beach buys Peruvian artist’s copper weaving

The winner of the city’s annual acquisition prize, determined by public vote, is a work by Ximena Garrido-Lecca [...]

‘I’ve always been interested in the invisible’: Woody De Othello on his new solo show at Pérez Art Museum Miami

The artist's homecoming show is full of sculptures exploring ancestral beliefs and the African diaspora [...]

December Book Bag: from a photographic record of a lost nightclub to the tale of an accidental art heist

Our round-up of the latest art publications [...]

Cracked it: rare crystal and diamond Fabergé egg sells for record £22.9m in London

Dubbed the ‘Mona Lisa of the decorative arts’, the work is now the most expensive Fabergé egg ever sold at auction [...]

Art, fashion and nature join forces

As the Villa Zegna pop-up takes root in Miami, the artist Sam Falls and Edoardo Zegna discuss the common threads in their work [...]

Despite years of political and economic turmoil, Iran’s art market is thriving

The country is stymied by international sanctions, but Iranian collectors spend millions on home-grown art [...]

Southern Guild gallery to close in Los Angeles, open in New York

The South African gallery announced a plan to shift its US base east as it participates in its first Art Basel Miami Beach [...]

London's National Gallery announces £750m fundraising drive towards new wing and expanded collection

The gallery has also revealed the architecture firms shortlisted to design its planned extension [...]

Immersive institution could replace South Beach cinema

The Superhuman Museum will combine ‘elements of theme parks, of art museums and of experiential museums worldwide’ [...]

In pictures: meet the ghosts of the US’s East Coast

Anastasia Samoylova’s photo series, debuting at the Norton Museum in West Palm Beach, depicts trappings of Americana [...]

‘The beach is not overrated’: Cathy Vedovi on the art she collects and the beauty of Miami Beach

The collector, designer and patron shares her recent acquisitions and the hypnotic work she still dreams of [...]

Travel back in time on an immersive journey through Italy’s rich mosaics at Miami’s Frost Art Museum

A collaborative exhibition mixes historical loans from the country with digital re-creations to track the medium’s evolution across 2,000 years and 1,500km [...]

Art Basel Miami Beach aims to ‘end the year on a high note’

With emerging artists given more prominence, a new sector devoted to digital art and more Miami dealers, the fair has plenty to offer new and returning collectors [...]

‘Sugar felt like the perfect thread’: Tara Long on her sweet new installation

The Miami-based artist’s makeover of the Locust Projects building explores sugar, power and a city on the edge in her first major solo show [...]

Es Devlin invites Miami Beach visitors to bond over books

The artist’s large-scale Faena Art commission is a site for dialogue in increasingly polarised times [...]

Miami Advice: Mikhaile Solomon on the immersive Artists in Residence in Everglades programme

The founder of the Prizm fair, which is devoted to artists from the African diaspora, shares her admiration for a unique residency in the Everglades [...]

Karma gallery debuts representation of Yvonne Jacquette in Miami

The late artist’s captivating bird’s-eye-view paintings are featured on the gallery’s stand at Art Basel Miami Beach [...]

Two more mega museums open in Abu Dhabi

The Zayed National Museum, designed by Norman Foster, and the Natural History Museum, are both located on the emirate’s Saadiyat Island [...]

Design Miami will expand to Dubai

The perennial design fair, now marking its 20th anniversary in Miami Beach, will launch in the Alserkal Avenue gallery district in 2027 [...]

French novel explores art as seen through the eyes of a young girl

The book provides a fresh—and refreshing—perspectives on famous works by the likes of Georgia O’Keeffe, Van Gogh and Goya [...]

The best art books of 2025, as picked by The Art Newspaper’s editors

The publications that delighted our literary team this year, from important exhibition catalogues and overdue surveys to personal reflections and playful illustrations [...]

The Rembrandt robber: five takeaways from an insider’s book on a notorious art thief

The security expert Anthony Amore provides insights into the curious case of Myles Connor, who stole Rembrandt’s Portrait of Elsbeth van Rijn [...]

When Masha met Ragnar: Pussy Riot member’s life-changing encounter

In this extract from her new book, Maria "Masha" Alyokhina Alyokhina recalls her first meeting with the Icelandic artist Ragnar Kjartansson [...]

Renew – Lazin Magazine – May June 2024