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Understandably, De La Faverie wanted to spend more time talking about the business’ plans for its future, sharing a sense of urgency for reform. Underpinning that appetite for change was a raft of new and extended measures to help rebuild sales and profitability. Previously announced job cuts have been increased in scope, with up to 7,000 jobs expected to be cut by the end of its 2026 fiscal year in June, up from the roughly 3,000 it announced in February 2024, partly due to the potential impact of any global tariffs. An executive reorganisation also announced on Tuesday created newer and more accountable roles created to head up the company’s portfolio of more than 20 brands.

This week the European Union announced plans to water down sustainability reporting and due diligence regulations, which would have been among the strictest globally. Critics say the retreat puts fashion’s environmental and human rights ambitions at risk. Malique Morris is Direct-to-Consumer Correspondent at The Business of Fashion. He is based in New York and covers digital-native brands and shifts in the online shopping industry. Fashion start-ups can no longer foot the bill for costly online returns, but they have to find ways to reduce the costs of returns without losing customers. For some industry observers, there’s a seemingly endless well of potential for brands, and the platforms that serve them, to grow within the booming resale economy — and turning an inventory issue into a money maker is an auspicious starting point.

History of Orienteering in UK before the BOF

BoF explains why online trends from cottagecore and quiet luxury to barbiecore and coastal grandmother bubble up and spread out — and how brands can find their footing in the fast-moving, jumbled space. But to keep growing, brands need to adapt to consumer habits that are changing quickly. It’s not weird … but truly approachable perfumes that get people excited,” said Sinks, describing the scents as “incredible”. According to the brand, which was founded in 2018, a pivotal moment was launching in Sephora’s Harlem location where it consistently outranks global brands, and overall sales are also growing double digits. Other brands Sinks and Monet mentioned as gaining speed amongst fragrance buffs were Universal Flowering, Nette and Born to Stand Out. Universal Flowering launched in 2016 and has grown its revenues around 25 percent every year since 2021, said founder Courtney Rafuse, while Nette, which makes candles and fine fragrances, has been steadily gaining speed since launching in Sephora in 2023.

One example is social commerce, through which a fifth of US customers have purchased clothing in the last 12 months. The company opened stores in California starting in 2006, but moved into Neiman Marcus them after receiving a minority investment from the department store chain in 2019. Most of these locations, however, focused on serving prospective selling customers rather than showcasing inventory to shoppers, said Davis. Brands and retailers are turning their physical spaces into openwatermovie.co.uk donation drop-off or pick-up centres. Fashion label Bricks and Wood turned its store into a donation centre for essential items while also donating its own clothing, as has streetwear boutique Brain Dead. Other fashion labels donating clothing include activewear brand Set Active, sweats seller Madhappy, basics label Lady White Co., makeup label ColourPop and bag brand Stoney Clover Lane, just to name a few.

How to Choose a Resale Partner

He is based in London and covers the intersection of sports and fashion, as well the sportswear and sneaker markets. Alleging that the deal was “irregular and not commercially reasonable”, the complaint says that Chuter had a controlling interest in the company at the time, and describes the deal as a “private sale” at an unreasonable price. Sharon Chuter, the founder of the prestige cosmetics company Uoma Beauty, has sued the brand’s new owners, MacArthur Beauty LLC and BrainTrust, alleging that the purchase of its assets in December 2023 was an unauthorised and below market value sale. The Business of Fashion has gained a global following as an essential daily resource for fashion creatives, executives and entrepreneurs in over 200 countries. It is frequently described as “indispensable,” “required reading” and “an addiction.” Hosted on Acast. Introducing our brand new, sustainability inspired HQ Show-space in Bridgend, South Wales presenting our entire Harmony furniture collection backed by the latest flexible and technology solutions.

Independent brands like Sporty & Rich and scrub-maker Figs got in on the action, too. A number of countries opted to let up-and-coming designers or niche fashion brands create looks for their athletes. Even away from Paris, brands like Pandora and J.Crew turned the sporting fervor into marketing moments. In 2024, luxury e-commerce’s shakedown thrust the model’s challenges — low margins, high operating costs, endemic discounting, undifferentiated product mixes — into the open.

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The Agency Behind Fashion’s Most Talked-About Events

There are worries his administration could hamper progress on diversity and inclusion, women’s, LGBTQ and immigrant rights, and efforts to curb the impacts of climate change. In the lead-up to Nov. 5, fashion largely favoured neutral “get out the vote” style messaging. Our Legacy’s reputation has grown steadily since its origins in 2005 as a line of graphic T-shirts by Stockholm-based founders Hallin, Cristopher Nying and Richardos Klarén.

Matchesfashion shuttered; Farfetch was sold in a fire sale to Coupang; and finally, loss-making Yoox Net-a-Porter was scooped up by Mytheresa. The upheaval had a huge impact on independent brands in particular, and it remains to be seen about what a new, more consolidated market will mean for them. The MacArthur Fund acquired Uoma Beauty’s assets in December 2023, eight months after Chuter departed from the business.

Offering a fantastic selection of surplus BOF furniture, including branded and reupholstered products from Humanscale, Orangebox and Vitra at best discounted prices. If you require any of the Eco Shop products reupholstered to match your interior colour schemes our in-house professional team can also transform the product, refreshing with minimum upcharges and backed by shortest lead times. He added that some of Archive’s brand partners want revenue from resale to account for as much as 20 percent of their overall sales. Fashionphile is not the only online resale player eyeing offline opportunities.