What the NFT Gold Rush Means for Fashion

Streetwear's latest deal

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WHAT YOU NEED TO KNOW TODAY: WEDNESDAY, MARCH 24, 2021 NFTs are a rising force in fashion, but to take advantage, brands will have to build new expertise and overcome vulnerabilities. End.'s tie-up with Carlyle is the latest sign the streetwear market is heating up. The BoF Sustainability Index examines whether fashion is taming its contribution to global warming. Sterling Ruby talks about becoming the first American to present at Paris haute couture week in more than a decade. Plus, sign up for BoF LIVE today for a discussion on Combatting Anti-Asian Racism with Phillip Lim, Michelle Lee and Susanna Lau.

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TECHNOLOGY What the NFT Gold Rush Means for Fashion By M.C. Nanda

Sales of tweets, memes and other digital assets may change the possibilities for the industry. READ MORE

RETAIL Carlyle Takes Majority Stake in End. as Streetwear Deals Heat Up By Tamison O'Connor

The deal reportedly values the menswear retailer at $1 billion. Co-founders Christiaan Ashworth and John Parker will retain a significant minority stake and remain co-CEOs. READ MORE

SUSTAINABILITY The Climate Fix: Addressing Fashion's Emissions Problem By Sarah Kent The fashion industry is one of the most potent polluters on the planet. BoF assesses companies' efforts to address their contribution to dangerous climate change in the latest in a series of articles examining the findings of The BoF Sustainability Index. READ MORE

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NEWS BRIEFS Ted Baker Becomes First Fashion Brand With a 'Club' on Clubhouse Benetton Group Closes Flagship Store in Central Milan to Focus on Smaller Shops EssilorLuxottica Gains EU Okay for $8.5 Billion Dutch Buy Indian Beauty E-Commerce Platform Purplle Raises $45 Million UAE Retail Recovery Predicted by End of Year German Businesses Say Easter Lockdown Will Fuel Bankruptcies Ecuador's Textile Industry Revenues Down 36% in 2020 Japan's Malls Prepare for Olympic Season Without Tourists Random Covid Tests Required at Mumbai's Shopping Centres India's Joint FDCI x Lakme Fashion Week Comes to a Close

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PODCAST Sterling Ruby on His Boundary-Bending Work in Art and Fashion By BoF Team

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Evolving Supply Chains at Sunrise Technologies "When it comes to the fashion industry, smaller, boutique manufacturers or distributors face similar product and supply chain complexities as their larger counterparts," says Sunrise Technologies vice president Mike Pereira. Here, he shares how to navigate today's challenging landscape of 'inventory bubbles,' 'inventory bursts,' and potentially even shortages. READ MORE

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