Why PVH Sold Its Heritage Brands

Kering Takes Stake in Handbag Rental Platform, The Men's Skincare Opportunity

ADVERTISEMENT

WHAT YOU NEED TO KNOW TODAY: THURSDAY, JUNE 24, 2021 PVH sold some of its oldest brands to focus on growing Calvin Klein and Tommy Hilfiger, CEO Stefan Larsson tells BoF. Kering is getting into rental with its investment in Cocoon, a handbag subscription service. The booming pre-owned watch market can still sometimes feel like the Wild West, concedes a leader of the Watchfinder platform. Download BoF and McKinsey's new State of Fashion Watches & Jewellery report to learn more. A growing number of brands are betting men will adopt more elaborate skin care routines. Instagram is adding new shopping tools to the platform as it expands its e-commerce offering.

TOP STORIES

RETAIL Why PVH Sold Its Heritage Brands By Chantal Fernandez

The transaction marks the end of an era for the company as it aims to strengthen its main brands, Calvin Klein and Tommy Hilfiger, and recover from the pandemic. BoF speaks to chief executive Stefan Larsson. READ MORE

LUXURY Kering Invests in Handbag Subscription Service Cocoon By Sarah Kent The luxury giant's participation in the funding round is the latest signal of its interest in exploring new business models like rental and resale. READ MORE

BEAUTY The Men's Skin Care Opportunity By Alexandra Mondalek

Skin care designed for and marketed specifically to men has emerged as a market distinct from the grooming space. But selling these products requires new strategies. READ MORE

LUXURY Watchfinder: Building Trust to Formalise the Resale Market By Robin Swithinbank What was once an unregulated second-hand watch sector is now increasingly brand-authenticated and growing fast, but it can still sometimes feel like the Wild West, says Zahra Kassim-Lakha, a director at Richemont's pre-owned watch retailer Watchfinder. READ MORE

BoF PROFESSIONAL Join now and enjoy your first 30 days for just £1 START TRIAL

NEWS BRIEFS New $50 Million Fund Will Help Celebrities Build Brands Amazon's Prime Day Sales Top $11 Billion Printemps Debuts Livestream Shopping Chopard Co-President Caroline Scheufele Joins JD.com Board Instagram Adds Shopping Via Images, Virtual Try-On Report: China to Keep Borders Closed Another Year Uniqlo Inks New Multi-Faceted Tate Modern Collab Gucci Shows Aria Collection in Shanghai

MULTIMEDIA

VIDEO The Pitfalls of Marketing Your Fashion Brand as 'Sustainable' By BoF Team

BoF CAREERS

Moose Knuckles in Hiring Global opportunities with Moose Knuckles include a Customer Service Representative in Milan, a Director of Retail Operations and an Associate Buyer in Montréal and a Planner and Retail Marketing Associate in New York.  Founded in 2009, Canadian luxury outerwear brand Moose Knuckles has men's and womenswear collections and is available in 25 countries. The brand operates from three factories and employs more than 200 Canadians — including 90 skilled technicians — in the design, quality maintenance and production. VIEW JOBS

The Business of Fashion AGENDA-SETTING INTELLIGENCE, ANALYSIS AND ADVICE FOR THE GLOBAL FASHION COMMUNITY. CONNECT WITH US ON CONTACT US ETHICS POLICY SPONSORSHIP & ADVERTISING JOB OPPORTUNITIES This email was sent to edwardlorilla1986.paxforex@blogger.com Update your preferences or unsubscribe from this list. All services provided are subject to our Privacy Policy. The Business of Fashion Ltd 2, Television Centre, 101 Wood Lane, London W12 7FR, United Kingdom businessoffashion.com