The Business of Fashion

BoF CROSSROADS 2025 kicked off with its first content session, launching the day’s agenda with thought-provoking insights. In between talks guests engaged with Snap Inc.'s AR mirror trying on virtual outfits, accessories and interactive filters. #BoFCROSSROADS

At Milan Design Week, BoF and Marriott International’s Luxury Group co-hosted a panel discussion on the evolving demands of luxury customers and on building brand staying power in 2025. Now, BoF shares insights from the panel, featuring Marriott International’s president of luxury Tina Edmundson, Dimorestudio co-founder William Britt Moran and BoF’s founder and CEO Imran Amed. https://lnkd.in/gjZ75fDN

Six years after Bernard Arnault and Donald Trump cut the ribbon on a Louis Vuitton plant in rural Texas, a Reuters investigation has uncovered significant underperformance at the handbag plant, underscoring the hurdles LVMH faces as it attempts to build its production footprint in the US. Read more https://lnkd.in/gq4wbFWg

Tariffs will likely mean less consumption, but beware thinking that’s a win for sustainability, writes Ken Pucker. Read more https://lnkd.in/g-TwtqRr

Prada Group has agreed to acquire Versace from Capri Holdings Limited for €1.25 billion ($1.38 billion), the companies said in a statement Thursday. Read more https://lnkd.in/gJnBxYc6

New Guards Group founder Davide de giglio speaks for the first time about his investment in Hailey Bieber’s rhode skin, which is reportedly exploring a sale. Read more https://lnkd.in/gRRpGVrp

BoF has landed in Dubai for our new global flagship event, BoF CROSSROADS, focusing on the Middle East, Central and South Asia, Southeast Asia, Africa and Latin America. The fashion industry is at a crossroads, which is why we created BoF CROSSROADS: to unite top business and creative leaders hailing from the Global South to build relationship and share how they’re navigating shifts in the new world order. Follow our coverage on our social channels as we welcome over 30 speakers and attendees from more 25 countries to examine the business opportunities for fashion, beauty and luxury brands. #BoFCROSSROADS 📷 Getty Images In partnership with Dubai Department of Economy and Tourism

President Donald Trump paused “reciprocal” tariffs on most countries, but kept a 10% across-the-board duty and raised tariffs on China. Read more https://lnkd.in/e28cJFN5

To many in the fashion industry, the days after Donald Trump’s April 2 tariff announcement had a familiar, sinking feeling to them. “I’ve heard this analogy a number of times from my members: It feels a lot like the first few weeks of March [2020] when Covid was hitting and everything was closing down,” said Matt Priest, president and chief executive of Footwear Distributors and Retailers of America (FDRA), the largest footwear trade association in the US. The market response has been swift. Apparel and footwear stocks have plunged in the past week, with investors weighing how much each company manufactures in the countries hit by the highest tariffs, as well as how reliant they are on the US for sales. Sports brands in particular are at risk from the duties on Vietnam, where many have moved manufacturing over the years. lululemon, for one, produced 40 percent of its products there in 2024, with the rest made in Cambodia, Sri Lanka, Indonesia and other countries. William Blair analyst Sharon Zackfia estimated in an April 3 research note that the brand would need to hike prices as much as 12 percent to protect its profits, though noted any price increases are likely to be surgical rather than universal across all products. Since April 2, lululemon’s stock price is down more than 12 percent. Read more https://lnkd.in/e-MkaMJR

Fendi has unveiled its new Peekaboo ISeeU campaign starring brand ambassador Song Yuqi, infusing the House’s century-old DNA with youthful verve