Richemont Hits Turbulence

Colour Cosmetics' Comeback, The Loneliness Epidemic

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WHAT YOU NEED TO KNOW TODAY: SATURDAY, MAY 21, 2022 Zara's decision to charge for online returns elicited backlash from consumers and sustainability advocates alike. Richemont shares plunged after the company failed to report progress on a YNAP sale. BoF Professional analysis now unlocked for non-members: Colour cosmetics are back in demand, bringing new collections and brands, including one from Euphoria's makeup artist. Plus, on this week's episode of The BoF Podcast, intimacy expert Lila discusses how to tackle the ongoing epidemic of loneliness.

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WORKPLACE & TALENT How to Fix the Loneliness Epidemic | BoF VOICES 2021 By BoF Team

To mark Mental Health Awareness Month, intimacy expert and podcast host Lila lays out a formula for creating intimacy to combat loneliness. READ MORE

RETAIL Is This the Beginning of the End for Free Returns? By Rachel Deeley

For much of the last two decades, online retailers have competed to offer cheaper, more convenient shopping experiences. What happens when one of the world's biggest apparel sellers bucks the trend? READ MORE

LUXURY Richemont Shares Tumble After Failing to Report Progress On YNAP Sale By Bloomberg

Chairman Johann Rupert also raised concerns on inflation, and a slower-than-expected recovery from coronavirus lockdowns in China. READ MORE

BEAUTY Colour Cosmetics Make a Bold Comeback By Chavie Lieber Makeup is now growing twice as fast as skin care as beauty shoppers turn to neon eyeshadows and shimmery blushes for looks inspired by TikTok trends and the Y2K revival. READ MORE

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NEWS BRIEFS UK Prime Minister Boris Johnson to Meet With Fashion Industry Hugo Boss Announces Departure of COO Heiko Schäfer Aditya Birla Fashion and Retail Revenues Surpass Pre-Pandemic Levels Jacquemus Names Bastien Daguzan CEO Zilingo Fires CEO as Clash Over Embattled Start-Up Escalates

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Watch the SCAD Fashion Show 2022 In case you missed it, the SCAD Fashion Show for 2022 premiered last night. Catch the replay of the university's elite sartorial showcase featuring high-concept looks by SCAD School of Fashion senior and graduate students, along with a short film titled "Fashion Run" directed by alumnus Squire Fox. LEARN MORE

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