Resale’s Next Battleground

Eric Pfrunder Has Left Chanel, A New Model for Funding Fashion Start-Ups

ADVERTISEMENT

WHAT YOU NEED TO KNOW TODAY: THURSDAY, JULY 15, 2021 The RealReal, StockX and other resellers are competing to build the strongest authentication teams to weed out fakes. Karl Lagerfeld-era image director Eric Pfrunder has left Chanel after 37 years. Clearco, which just secured $215 million from Softbank, is at the forefront of a new model for funding fashion and beauty start-ups. Walmart is bolstering its DTC beauty offering with a new partnership with Bubble, a skin care brand focused on Gen-Z. Plus, don't miss our BoF Live on how small brands can earn big media coverage.

TOP STORIES

LUXURY Resale Sites Race to Staff Up in the Fight Against Fakes By Chavie Lieber

Companies like The RealReal, StockX, Goat, Rebag and eBay are hiring more authentication experts to weed out counterfeit products. Finding enough qualified candidates is a struggle. READ MORE

LUXURY Lagerfeld-Era Image Director Éric Pfrunder Has Left Chanel By Chantal Fernandez

In a bid for continuity after the death of Karl Lagerfeld, Pfrunder was appointed artistic director for fashion image alongside Virginie Viard, who was named artistic director for fashion collections. READ MORE

ENTREPRENEURSHIP A New Model for Funding Fashion Start-Ups By Cathaleen Chen Clearco, which just secured $215 million in funding from Softbank, is at the forefront of a new investing model where brands get speedy financing in exchange for a share of future revenues. READ MORE

BEAUTY Walmart Taps Gen Z-Focused Brand Bubble as Its First DTC Skin Care Partner By Darcey Sergison Bubble and Walmart's team-up is the latest example of a DTC brand harnessing the power (and reach) of a big box retailer. READ MORE

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

NEWS BRIEFS Mackage Appoints New CEO, Plans to Phase Out Fur Cucinelli's Top Shareholder Sells 0.95 Percent Stake John Lewis Plans to Cut 1,000 Jobs as UK Retail Woes Worsen Pinault and Pigasse Join Forces on Entertainment-Focused SPAC Nike and Adidas Supplier Suspends Production at Vietnam Plant Due to Covid Fan Bingbing Reboots Beauty Brand Boohoo Partners With Kuwait's Alshaya To Grow Debenhams in Middle East Tunisian Garment Workers Fight for Unpaid Wages A New 'Fashion Bridge' Between Italy and South Africa Mexican Retail Rises, but Remains Below Pre-Pandemic Levels

MULTIMEDIA

VIDEO How Small Brands Get Big Media Attention By BoF Team

BoF CAREERS

Explore Jobs at Gap, Old Navy, Banana Republic and Athleta The Gap Inc. brands are currently hiring for an Assistant Merchandiser at Gap in New York and a Senior Buying Manager at Old Navy, a Marketing Manager at Banana Republic and a Creative Curator at Gap Inc. at their headquarters in San Francisco. Founded in 1969 Gap Inc. is the largest fashion retailer in the US and the fourth largest worldwide. The company employs over 129,000 employees in 13 international locations across its brands Gap, Banana Republic, Old Navy, Athleta and Intermix. 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