What You May Have Missed This Week

LONDON, United Kingdom — Last Friday's shock 'Brexit' vote — which Karl Lagerfeld has called a "moment of madness" — only adds to the sense of unpredictability roiling global markets. As part of our latest special print issue, Bain & Company's Claudia D'Arpizio examines today's age of uncertainty where shockwaves from crises on one side of the world can spread swiftly to the other, presenting particular challenges for the emotionally-driven global luxury sector.

Also this week, Justin O'Shea unveiled the extent of his radical new vision for Brioni with a campaign fronted by heavy metal band Metallica, Alexander Wang became CEO and chairman of his label, and a three-man race is unfolding to succeed Mark Parker in the top job at Nike, where Phil Knight has just retired from the role of chairman, a post taken up by Parker.

1. The Age of Uncertainty

Illustration by BoF

From terror attacks to the threat of Brexit, shockwaves from crises on one side of the world can spread swiftly to the other. Claudia D'Arpizio does the analysis.

2. To Have and Have Not: Inequality Hits Luxury

Source: The Washington Centre for Equitable Growth Source: The Washington Centre for Equitable Growth

The average income of the top 0.1 percent of Americans towers over the bottom 90 percent | Source: The Washington Centre for Equitable Growth

In some of the world’s largest luxury markets, economic inequality is rising. Should brands be worried?

3. Is Stitch Fix the Goldilocks of Fashion?

Stitch Fix offers a data-driven personal styling service | Source: Courtesy

With data science at its core, the San Francisco-based startup aims to offer fashion that’s ‘just right’ for every customer.

4. Can New Technologies Thwart Counterfeiters?

Source: Shutterstock

New technologies have made it easier for counterfeiters to produce, advertise and distribute fake goods, but they also provide crucial tools for the industry to fight back.

5. BoF Exclusive | Alessandro Sartori’s Plan for Zegna

Alessandro Sartori | Photo: Milan Vukmirovic (Courtesy of Zegna)

Alessandro Sartori talks exclusively to Tim Blanks about his return to Ermenegildo Zegna.

6. Brexit Vote Sends Tourists Flocking to London to Purchase Luxury Goods

Oxford Circus London | Source: Shutterstock Oxford Circus London | Source: Shutterstock

Piccadilly Circus London | Source: Shutterstock

By voting to leave the European Union, Britons have delivered a potential windfall to tourists eager to snatch up Burberry trenchcoats, Harrods Stilton and Liberty scarves on the cheap.

7. Nike Shares Drop After Orders Spark Concerns About Slowdown

Nike sneakers | Source: Shutterstock

Nike tumbled as much as 7.4 percent in late trading after its sales and orders missed estimates, renewing concerns that competitors will hamstring growth at the world’s largest sports brand.

In Other News...

[ Karl Lagerfeld Calls Brexit Vote a 'Moment of Madness'Opens in new window ]

[ BoF Exclusive | Justin O’Shea Enlists Metallica For Brioni’s Radical RepositioningOpens in new window ]

Alexander Wang Becomes CEO and Chairman of His Namesake Brand

[ Designer Shake-Up at BelstaffOpens in new window ]

[ Nike Shakeup Creates Three-Man Race to Succeed Parker as CEOOpens in new window ]