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This Week in Fashion

What's up, down and making news this week in the fashion and beauty businesses.

Where Does Nike Go From Here?

With pressure mounting on CEO John Donahoe, the sportswear giant’s precise turnaround plan remains unclear. But the rehiring of Nike veteran Tom Peddie this week offered more clues on the brand’s direction.

Where Does Nike Go From Here?

With pressure mounting on CEO John Donahoe, the sportswear giant’s precise turnaround plan remains unclear. But the rehiring of Nike veteran Tom Peddie this week offered more clues on the brand’s direction.


Can Saks, Neiman Marcus and Amazon Save the American Department Store?

A $2.65 billion merger of two of America’s largest department stores, with involvement from Amazon and Salesforce, is a bet that scale and technology can breathe new life into an ailing business model.

Can Saks, Neiman Marcus and Amazon Save the American Department Store?

A $2.65 billion merger of two of America’s largest department stores, with involvement from Amazon and Salesforce, is a bet that scale and technology can breathe new life into an ailing business model.


Is Gap’s Turnaround Finally Working?

Signs of recovery at the American retailer have convinced some analysts that its stock may be undervalued. Others say it’s too soon to tell, but even the sceptics note improvements on product, merchandising and markdowns.

Is Gap’s Turnaround Finally Working?

Signs of recovery at the American retailer have convinced some analysts that its stock may be undervalued. Others say it’s too soon to tell, but even the sceptics note improvements on product, merchandising and markdowns.


Luxury’s New Era of Uncertainty

This week, Permira pulled Golden Goose’s IPO citing uncertain market conditions, while menswear collections in Milan and Paris continued to play it safe in a softening market.

Luxury’s New Era of Uncertainty

This week, Permira pulled Golden Goose’s IPO citing uncertain market conditions, while menswear collections in Milan and Paris continued to play it safe in a softening market.


Italian Sweatshop Probe Is a Wake Up Call for Luxury Brands

An investigation into labour exploitation in fashion’s Italian supply chains has already entangled Armani and LVMH, accusing the companies of failing to adequately oversee their suppliers. Incoming EU regulation means such lapses in oversight could soon come with penalties of up to five percent of global revenue.

Italian Sweatshop Probe Is a Wake Up Call for Luxury Brands

An investigation into labour exploitation in fashion’s Italian supply chains has already entangled Armani and LVMH, accusing the companies of failing to adequately oversee their suppliers. Incoming EU regulation means such lapses in oversight could soon come with penalties of up to five percent of global revenue.


How Will Chanel Pick a New Designer?

Following the departure of artistic director Virginie Viard, the French couture and beauty giant will need a new creative leader — or leaders — to bring fresh energy to its cross-category pyramid of products.

How Will Chanel Pick a New Designer?

Following the departure of artistic director Virginie Viard, the French couture and beauty giant will need a new creative leader — or leaders — to bring fresh energy to its cross-category pyramid of products.


Exclusive: Inside De Beers’ About-Face on Lab-Grown Diamonds

This week, the gemstone giant said it would exit the fast-growing lab-grown diamond sector to focus on marketing the “unique attributes” of natural stones. Stakes are high after sales plummeted in 2023, and as owner Anglo-American explores a sale or spin-off.

Exclusive: Inside De Beers’ About-Face on Lab-Grown Diamonds

This week, the gemstone giant said it would exit the fast-growing lab-grown diamond sector to focus on marketing the “unique attributes” of natural stones. Stakes are high after sales plummeted in 2023, and as owner Anglo-American explores a sale or spin-off.


The Existential Threat to Independent Brands

This week, The Vampire’s Wife announced its closure and Dion Lee called in administrators, only days after Mara Hoffman said it was shutting down and Roksanda narrowly escaped administration. Many more may follow.

The Existential Threat to Independent Brands

This week, The Vampire’s Wife announced its closure and Dion Lee called in administrators, only days after Mara Hoffman said it was shutting down and Roksanda narrowly escaped administration. Many more may follow.


Is Burberry a Victim of Its Own Strategy?

After a decade of turnaround attempts, the British trenchcoat maker’s efforts to thrive as a top luxury player continue to falter. The brand needs more accessible prices and marketing — and quick.

Is Burberry a Victim of Its Own Strategy?

After a decade of turnaround attempts, the British trenchcoat maker’s efforts to thrive as a top luxury player continue to falter. The brand needs more accessible prices and marketing — and quick.


Fashion’s Supply Chain Is Still Full of Banned Chinese Cotton

A study published this week found traces of cotton from Xinjiang in nearly a fifth of the products it examined, highlighting the challenges brands face in policing their supply chains even as requirements to do so spread to raw materials from diamonds to leather and palm oil.

Fashion’s Supply Chain Is Still Full of Banned Chinese Cotton

A study published this week found traces of cotton from Xinjiang in nearly a fifth of the products it examined, highlighting the challenges brands face in policing their supply chains even as requirements to do so spread to raw materials from diamonds to leather and palm oil.


Your Guide to a Very Busy Week in Beauty

Puig and Space NK are cashing in on their ability to tap the growth of hot new products, while L’Occitane, Olaplex and The Estée Lauder Companies are discovering how quickly the shine can come off even the biggest brands.

Your Guide to a Very Busy Week in Beauty

Puig and Space NK are cashing in on their ability to tap the growth of hot new products, while L’Occitane, Olaplex and The Estée Lauder Companies are discovering how quickly the shine can come off even the biggest brands.


The Prada Exception: How the Trend-Setting Group Bucked Luxury’s Uneven Slowdown

This week, Prada and Miu Miu reported strong sales as LVMH slowed and Kering retreated sharply. In fashion’s so-called “quiet luxury” moment, consumers may care less about whether products have logos and more about what those logos stand for.

The Prada Exception: How the Trend-Setting Group Bucked Luxury’s Uneven Slowdown

This week, Prada and Miu Miu reported strong sales as LVMH slowed and Kering retreated sharply. In fashion’s so-called “quiet luxury” moment, consumers may care less about whether products have logos and more about what those logos stand for.