The State of Fashion 2021: Reality Check

Luxury Boost on Vaccine Optimism, Tim's Take on Chanel

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WHAT YOU NEED TO KNOW TODAY: WEDNESDAY, MARCH 10, 2021 2021 could be just as challenging as 2020, according to new analysis on the state of the fashion industry by BoF and McKinsey. Virginie Viard's latest show brought new intimacy to Chanel, reports Tim Blanks. Vaccine optimism gave the luxury sector a boost last month. New start-up retailers are hiring influencers to curate products like merchants. Celine creative director Hedi Slimane is staging a solo exhibition in Shanghai.

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OTHER The State of Fashion 2021: Reality Check By McKinsey & Company and BoF Team

An update to The State of Fashion 2021, published by BoF and McKinsey & Company, reveals that recovery could be slower than expected for the fashion industry in Europe, with bright spots in the US and China. READ MORE

FASHION WEEK The Incredible Shrinking Chanel By Tim Blanks Designer Virginie Viard introduced a welcome new intimacy to the French megabrand. READ MORE

FINANCIAL MARKETS Vaccine Optimism Boosts Luxury By Pierre Mallevays Data from an Israeli study that showed vaccines' effectiveness is curbing the coronavirus pandemic gave luxury shares a welcome shot in the arm this month. READ MORE

RETAIL Influencers Take on Yet Another Role: Store Merchant By Lauren Sherman A new wave of retailers is relying on tastemakers not only to promote products — but to curate them, too. READ MORE

BEAUTY Is There KVD Beauty Without Kat Von D? By Rachel Strugatz LVMH's Kendo is revamping the brand, hoping to move past the departure of its controversial founder. But rapidly changing beauty trends and stiff competition may prove even bigger hurdles. READ MORE

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NEWS BRIEFS Stitch Fix Said Shipping Delays Dragged Revenue Down Ferragamo Flags Early 2021 Improvement After Full-Year Loss Pitti Immagine Announces Summer Calendar for Physical Events Bruce Usher, Imruh Asha Among New Appointments at Dazed Nike Replaces Executive Who Left After Report on Son's Business Ralph Lauren Eyes Resale Boohoo Plans to Open Leicester Factory Net-a-Porter Launches Localised Platform for Middle East Unilever Bans the Word 'Normal' From Its Marketing as Part of a Wider Inclusivity Push Hedi Slimane Solo Exhibition Coming to Shanghai

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Discover New Opportunities at Reformation Global opportunities at Reformation include a Director of Commercial Expansion in London, a Store Manager in New York, a Director of Growth Marketing and an Associate Art Director in Los Angeles. LA-based label Reformation, launched in 2009, developed a cult following for its vintage-inspired designs with sustainable practices. The brand sells direct-to-consumer through their website and via wholesale at retail stores including Nordstrom, Net-a-Porter and Farfetch. VIEW JOBS

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