Chanel Restricts Sales to Russians Abroad

Shein By the Numbers, Membership's Sustainability Promise

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WHAT YOU NEED TO KNOW TODAY: TUESDAY, APRIL 5, 2022 Chanel is refusing to sell to Russians unless they can prove they live outside Russia and declare they will not take purchases to Russia. Membership is attracting new interest for its potential to unlock sustainability solutions as well as commercial advantages. Shein's reported $100 billion valuation reflects how thoroughly the Chinese e-tailer has outpaced its fast-fashion rivals. Hypebeast plans to list in the US via a SPAC. BoF has opened submissions for its second annual Next-Generation Black Journalists Fellowship, a six-month paid opportunity. Join us at the BoF Professional Summit: New Frontiers in Fashion & Technology on May 4 covering topics from Web3 and augmented reality to social commerce and digital IDs.

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LUXURY Chanel Restricts Sales to Russians Abroad By Chantal Fernandez

The French luxury giant is refusing to sell to Russians unless they can prove they live outside the country and declare they will not take purchases to Russia, upsetting some clients. READ MORE

RETAIL Why Shein Might Be Worth $100 Billion, in Four Charts By Joan Kennedy

The fast-fashion juggernaut has gone from virtually unknown to rivalling the category's biggest players in the space of a few years. Now, it's reportedly raising funding at an astronomical valuation. READ MORE

RETAIL Could Membership Help Solve Fashion's Sustainability Challenges? By Sarah Kent

The membership model is attracting new interest for its potential to unlock sustainability solutions as well as commercial advantages. READ MORE

WORKPLACE & TALENT BoF Seeks Applicants for Second Annual Black Journalists Fellowship By BoF The Business of Fashion is seeking candidates for a six-month, part-time, paid reporting fellowship with our editorial team, designed to empower aspiring Black journalists. READ MORE

MEDIA Hypebeast Will List in US Following SPAC Deal By Casey Hall The media and lifestyle brand, which first listed in Hong Kong in 2016, will bring its shares to the Nasdaq following a merger with special purpose acquisition company, Iron Spark I, Inc. READ MORE

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

NEWS BRIEFS Valentino Settles Litigation Over Pandemic-Shuttered Manhattan Boutique Robin Givhan to Write Virgil Abloh Book Why Shopify's Stock is Down 50% This Year Only Severe Emissions Cuts Will Avoid Climate Extremes, UN IPCC Report Warns Covid-19 Outbreak Forces Closure of Hainan Downtown Duty Free Stores

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The Future of Marketplaces in Fashion "Marketplace platforms of tomorrow will bear little resemblance to the legacy experience of a digital marketplace as just one big product catalogue," says Holden Bale, global head of commerce at Huge. In its latest research report, creative agency Huge predicts: Marketplace advertising networks will offer three times more advertising options than traditional retail media. In 5 years' time, up to 25 percent of large multi-brand retailers will commercialise their own delivery infrastructure to sell to other brands. DISCOVER MORE INSIGHTS

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