A New Chapter for Kors Parent Capri

Will a Crackdown on 'Excessive Incomes' Hurt Luxury Sales? Winning the 'Last Mile'

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WHAT YOU NEED TO KNOW TODAY: WEDNESDAY, AUGUST 25, 2021 Former Coach chief Joshua Schulman has been named CEO of Michael Kors as part of a leadership transition that will see him take the reins at parent company Capri next year. Chinese President Xi Jinping's calls for a crackdown on 'excessive incomes' may not damage luxury sales as much as investors fear. Fast-growing Roger Federer-backed running label On is planning to IPO in New York. Farfetch is launching a pre-order service with brands including Balenciaga and Khaite. Plus, don't miss BoF's Case Study on cracking the 'last mile' with a winning shipping strategy.

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LUXURY Michael Kors' New CEO Joshua Schulman Joins the Brand at a Critical Time By Chantal Fernandez and Tamison O'Connor

The former Coach chief is tasked with speeding the transformation of Capri Holdings' largest brand into a luxury label before taking the helm of the entire group next year. READ MORE

CHINA Could a Chinese Crackdown on 'Excessive Incomes' Damage Luxury Sales? By Casey Hall

Billions of dollars were wiped from the stock market valuations of luxury's largest companies last week, but investor fear over President Xi Jinping's calls for wealth redistribution may be overblown. READ MORE

RETAIL Fashion's Last Mile Opportunity — Download the Case Study By Cathaleen Chen The final segment of the e-commerce supply chain — getting orders to customers' homes — is often the most difficult. From warehousing to speedy delivery, BoF dissects the components of a successful shipping strategy. READ MORE

On, the Roger Federer-Backed Running Label, Plans IPO in New York READ MORE

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

NEWS BRIEFS Condé Nast Promotes Allure Content Director Jessica Cruel to Editor in Chief TikTok Partners With Shopify to Launch In-App Shopping Farfetch Teams with Brands Including Balenciaga, Khaite For Launch of Pre-Order Service Nordstrom Raises Revenue Forecast as Customers Return to Stores Warby Parker Files for Direct Listing Revealing Revenue Jump Extinction Rebellion Blocks Entrance to Selfridges in London Aka Brands Files for IPO Urban Outfitters Launches Peer-to-Peer Resale Marketplace Haiti Earthquake Delivers Another Blow to Budding Manufacturing Hub Container Shipping Rates From China to US Continue to Soar

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