Can Balenciaga Modernise Couture?

Glossier Raises $80 Million, Angelo Flaccavento on Chanel, Dior and Schiaparelli

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WHAT YOU NEED TO KNOW TODAY: WEDNESDAY, JULY 7, 2021 Designer Demna Gvasalia speaks exclusively to Tim Blanks about Balenciaga's '50th couture collection.' Angelo Flaccavento reviews Dior, Chanel and more at Haute Couture Week. Glossier has raised $80 million at a $1.8 billion valuation as it eyes retail expansion. Sephora is facing serious competition in China's $51 billion beauty market. The annual Fashion Transparency Index finds many brands are still operating in the shadows. Plus, register now for a special live event unpacking the findings of BoF and McKinsey's State of Fashion Watches and Jewellery Report.

TOP STORIES

LUXURY Can Balenciaga Modernise Couture? By Tim Blanks Reviving Balenciaga's haute couture operation has been a transformative experience for Demna Gvasalia, resulting in a democratic, gender-fluid collection that includes jeans and t-shirts. The designer speaks exclusively to Tim Blanks about the label's '50th couture collection.' READ MORE

FASHION WEEK In Paris, Post-Pandemic Couture By Angelo Flaccavento

On the first two days of Haute Couture Week, escapism was laced with a heavier side, reports Angelo Flaccavento. READ MORE

BEAUTY Glossier Raises $80 Million Series E, Valuing Company at $1.8 Billion By Alexandra Mondalek and Rachel Strugatz The direct-to-consumer beauty brand ramped up its operations in the last month ahead of its reentry into physical retail. READ MORE

CHINA Sephora's China Rivals Ready for Battle By Casey Hall After 16 years in Mainland China, LVMH's Sephora faces serious competition as local multi-brand players jostle for a larger slice of the country's $51 billion beauty market. READ MORE

Fashion's Progress on Transparency Remains Slow READ MORE

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NEWS BRIEFS Kim Kardashian West's Beauty Brand to Temporarily Shut Down Ahead of Relaunch Hong Kong's Esquel Sues US Over Inclusion on China Blacklist Former Carven, Dior Designer Serge Ruffieux Launches Accessories Brand Natalie Kingham Steps Down as Global Fashion Director at MatchesFashion China's 618 Festival: Shiseido, Lancôme Among Top Beauty Brands Bangladesh Exports Up 15% As Global Demand for Garments Rebounds Etsy is Making Moves in Latin America China Duty Free Group's Net Profit Up 484% in H1 Coupang Under Scrutiny Over Search Algorithms Chinese Resale Unicorn Zhuanzhuan Plots IPO

BoF CAREERS

Explore Jobs at Kering Global opportunities at Kering include a Balenciaga Store Director and an Account Assistant in London, a Retail Performance Manager and a Trade Marketing Manager in Paris and a Marketing and Communications Director in Shanghai, among others. Founded in France in 1963 by François Pinault, Kering is one of the world's leading luxury goods holding companies, with a total of 21 luxury, sport and lifestyle brands distributed across 120+ countries. Its portfolio includes fashion houses Balenciaga, Gucci and Saint Laurent, as well as global sportswear giant Puma. VIEW JOBS

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