[ad_1] US retail sales increased in more than expected in November amid an acceleration in motor vehicle purchases, consistent with strong underlying momentum in the economy as the year winds down. Retail sales jumped 0.7 percent last month after an upwardly revised 0.5 percent gain in October, the Commerce Departmentâs Census Bureau said on Tuesday. […]
US Retail Sales Beat Expectations in November Read More »
[ad_1] Five years after acquiring a majority stake in Charlotte Tilburyâs eponymous cosmetics company, the Spanish fashion and beauty conglomerate Puig announced on Tuesday that it will extend their partnership to 2030. Tilbury will retain a minority stake, with Puig to assume full ownership of the brand in early 2031. âIn 2020, we established a
Puig to Assume Full Ownership of Charlotte Tilbury in 2031 Read More »
[ad_1] The author has shared a Podcast.You will need to accept and consent to the use of cookies and similar technologies by our third-party partners (including: YouTube, Instagram or Twitter), in order to view embedded content in this article and others you may visit in future.Accept Subscribe to the BoF Podcast here. Background: As the
The Debrief | BoF’s Top Stories of 2024 Read More »
[ad_1] This year, the body care category vaulted above and beyond the bar of soap. In 2018, the global body care market was valued at over $18 billion, according to Euromonitor, and is forecast to be worth just over $22 billion next year. The lift can be felt at retailers like LVMHâs Sephora and the
How Do You Make Body Lotion Cool? Read More »
[ad_1] Luxury has a pricing problem. Products at major luxury brands cost an average of 54 percent more than they did in 2019, according to HSBC. And with luxury sales expected to fall 2 percent this year, down sharply from 11-13 percent growth in 2023 (according to consultancy Bain,) many analysts, executives and clients see
Executive Memo | Luxury Has a Pricing Problem. What Now? Read More »
[ad_1] The bi-annual Copenhagen International Fashion Fair (CIFF) â one of Europeâs longest-running and most established trade shows â is broadening its offer and programming for brands and retailers alike. Celebrating its 64th edition in January 2025, the next iteration is due to welcome 1200 brands to its exhibition space, which is spread over 34,000
Copenhagen International Fashion Fair Launches CIFF Media to Support Independent Brands Read More »
[ad_1] WHP Global has acquired the intellectual property of Vera Wang, the fashion operating and licensing company announced Monday. WHP also owns Bonobos, Rag & Bone and Anne Klein. Financial terms were not disclosed. As part of the deal, Vera Wang will continue to serve as founder and chief creative officer of the brand, and
Vera Wang Brand Acquired by Fashion Holding Company WHP Global Read More »
[ad_1] TikTok and its Chinese parent company asked the US Supreme Court to block a government ban set to take effect next month, making a late push to keep the social-media platform operating in a market with more than 170 million users. The emergency request comes after a federal appeals court upheld a new law
TikTok Asks US Supreme Court to Block Government Ban Read More »
[ad_1] Since Tera Feng started documenting her enviable Shanghai lifestyle, including visits to art galleries and fashion events on Chinese social media eight years ago, she has built up a following of more than 500,000 people. While that is a drop in the vast ocean of Chinaâs consumer market, Feng and brands she works with
Instagram-Like Xiaohongshu Makes Inroads with E-Commerce Sales Read More »
[ad_1] Opens in new window How consumers spend their money is a topic Nikhil Thukral and L Catterton watch closely. The large, consumer-focused private equity fund, which has close ties to LVMH and where Thukral serves as managing partner, regularly tracks nearly 100,000 shoppers online as well as data such as brand awareness and loyalty
L Catterton: Finding Value in a Tough Market Read More »
