What Happened to Fashion Week in Four Charts

Hermès Bets on Mushroom 'Leather' Handbag, Niche Beauty Brands Attract Chinese Investors

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WHAT YOU NEED TO KNOW TODAY: FRIDAY, MARCH 12, 2021 Hundreds of designers have stopped showing at fashion week in recent years. Leather goods powerhouse Hermès is developing a sustainable mycelium-based handbag. Walmart and others are following garment worker safety standards but refusing to pay for them. Niche beauty brands are attracting Chinese investors, but the local market is "high-stakes poker." Condé Nast is sticking with its choice for Teen Vogue editor as criticism mounts.

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FASHION WEEK What Happened to Fashion Week in Four Charts By Joan Kennedy, Darcey Sargison and Brian Baskin

In recent years, hundreds of designers have stopped showing at fashion weeks in New York, London, Milan and Paris. BoF analysed two years of shows to understand the scale and shape of the exodus. READ MORE

SUSTAINABILITY Exclusive: Hermès Bets on Mushroom-Based 'Leather' By Rachel Deeley The leather-goods powerhouse is testing alternative materials in a break with tradition, reimagining its 'Victoria' travel bag in a lab-grown substitute. READ MORE

SUSTAINABILITY Brands Say They Want to Keep Workers Safe. Not All Are Willing to Pay for It. By Alden Wicker

Walmart and other large fashion retailers tout their progress on worker safety to consumers. But suppliers say they're often on their own when it comes to improving factory conditions. READ MORE

CHINA How Niche Beauty Brands Can Attract Investment from China By Casey Hall As interest in smaller international beauty brands intensifies among Chinese consumers, local investors are getting excited by the category. Here's how to capitalise on the opportunity. READ MORE

MEDIA Why Condé Nast Has Stood By Teen Vogue's Alexi McCammond By Chantal Fernandez Despite the botched announcement, her exit at this point would potentially create more problems for the publisher. READ MORE

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NEWS BRIEFS Biden Signs $1.9 Trillion Covid-Relief Bill Twitter's Clubhouse-Style Feature 'Spaces' To Go Live in April Ulta Beauty Names Dave Kimbell as new CEO, Misses Share Target Dull Poshmark Revenue Forecast Sends Shares Down Facebook Rolls Out Tools to Help Creators Monetise Videos and Livestreams China's JD.com Cashes in on Steady Online Demand, Beats Expectations India's Biggest Jeweller IPO Opens Next Week as Economy Recovers Hugo Boss Expects Gradual Recovery From Second Quarter Coupang Raises $3.5 Billion Ahead of IPO Garment Worker Wage Theft Widespread in Wake of Pandemic

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VIDEO A New Playbook for DTC Brands By BoF Team

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BoF Seeks Applicants for Black Journalists Fellowship The Business of Fashion announces the Next-Generation Black Journalists Fellowship, a six-month, part-time, paid reporting and writing program designed to empower up-and-coming Black journalists of any age. LEARN MORE

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