A New Wave of Italian M&A

Gucci's Virtual Sneakers, Fast Fashion Giants Face Challenges

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WHAT YOU NEED TO KNOW TODAY: TUESDAY, MARCH 16, 2021 After decades of Italy's top labels selling to foreign owners, Italian companies are becoming buyers in a new wave of M&A. H&M and Inditex face new challenges in a radically changed retail environment. Gucci is getting into virtual products with a $11.99 pair of digital sneakers. More than 200 organisations are demanding fashion brands support garment workers hurt by the pandemic. Plus, designer Thom Browne explores the line between fashion and art on Tim's Take.

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LUXURY What A New Wave of Italian M&A Means for Fashion By Robert Williams Italian fashion entrepreneurs are adding new brands to their stables. How could recent deals like OTB's acquisition of Jil Sander and Moncler's purchase of Stone Island shift the sector? READ MORE

RETAIL Where Do Fast Fashion's Giants Go From Here? By Tamison O'Connor

The pandemic has radically shifted the retail landscape, creating new challenges for incumbents H&M Group and Zara-owner Inditex. READ MORE

TECHNOLOGY Gucci Is Selling $12 (Virtual) Sneakers By M.C. Nanda

As talk around NFTs heats up, the luxury house is teaming up with AR fashion platform Wanna to expand further in the digital product space. READ MORE

BEAUTY What Beauty Products Will Consumers Buy in 2021? By Chavie Lieber Beauty companies preparing for post-pandemic life have accepted that skin care and natural makeup are here to stay — but are still plotting a colour cosmetics comeback. READ MORE

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NEWS BRIEFS Zalando's Outlook for 2021 Revenue Growth Well Above Market Expectations Chinese Regulators Squeeze Online Lending, Debt-Powered Spending Tokyo's Rakuten Fashion Week Kicks Off Labour Rights Groups Call on Brands to #PayYourWorkers China's New Expo in Hainan Attracts Global Brands Alyx Taps Korean Stylist Xin for Collaboration Clarks Replaces CEO After LionRock Acquisition H&M Sales Decline Less Than Expected in First Quarter Levi's, Benetton Among Brands Expanding India Retail Footprint China Jan-Feb Retail Sales Rise Almost 34%

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VIDEO Thom Browne Talks His Style of Repetitive Radicalism By BoF Team

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At Gap, How Community Culture Powers Creative Output Gap's VP global creative director Len Peltier shares why the brand is growing in confidence in purpose-driven messaging. "Creatively, we are asking, "Why does anyone want to belong to this brand?" For our ambassadors, it's not so much about their day job anymore. They need to reflect what our community cares about – from cultural and social issues, to sustainability. On the new campaign, we wanted to show who our brand is for. Otherwise, we are just creating a catalogue."  READ MORE

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