This week, Shein received approval for a long-awaited IPO targeting a valuation of around $40 billion, a steep markdown from its peak valuation of $100 billion in 2022 due to slowing growth, regulatory hurdles and a weak consumer environment.
Paloma Elsesser joined The Business of Beauty’s executive editor Priya Rao about staying true to herself amid the pressures of tokenism and why — after a decade building other people’s brands — she’s finally thinking about building one of her own.
PODCASTThe material has become a lightning rod on social media as shoppers reject synthetics and seek out clothes made from natural fibres. The reasons go beyond consumers viewing polyester clothing as cheap or poor quality.
Switzerland’s support for watchmaker jobs has been extended another year, but a wider structural problem looms.
The Cartier and Van Cleef & Arpels owner smashed expectations on booming US demand ahead of earnings reports at LVMH, Kering, Hermès and Prada later this month.
For our latest State of Fashion report, we surveyed more than 2,000 luxury clients in the US and China and to learn what drives brand desirability today.
After a prolonged slowdown, luxury is gradually returning to growth, led by the US and China. Drawing on a survey of more than 2,000 clients and dozens of interviews across both markets, The Business of Fashion and McKinsey & Company find in the latest edition in our State of Fashion series a base of customers with increasingly distinct local preferences that nonetheless share an overarching desire for emotional connection.
REPORTFor our latest State of Fashion report, we surveyed more than 2,000 luxury clients in the US and China and to learn what drives brand desirability today.
In-depth analysis, news and advice for beauty and wellness professionals around the world.
This week, we dive into the L’Oréal-owned skincare label’s cross-channel push and Estée Lauder’s collapsed sale news.
Blush catapulted in sales growth over the past three years, earning its chops as a serious complexion product. Now it appears to be reaching a saturation point.
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