The Decline of Ties

L Catterton Selling Ganni, European Fashion Brands Lag on Diversity

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WHAT YOU NEED TO KNOW TODAY: FRIDAY, JULY 1, 2022 Men's neckties appear to be falling out of favour, but the accessory is still relevant for formal occasions and as a form of self expression. L Catterton is selling Ganni in a deal that could fetch up to $700 million, Reuters reports. While over half of European fashion brands now have a diversity strategy, progress overall still lags, a new BFC report finds. AI image generator Dall-E Mini shows how close technology is to being able to produce new clothing designs. Plus, dive deeper into The BoF Sustainability Index with a new BoF masterclass series.

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RETAIL Ties Are Dead. Or Are They? By Chavie Lieber

A G7 Summit photo op featuring world leaders without neckties had the internet buzzing about the decline of the go-to men's accessory. But the story of the tie is an evolution, not an outright death. READ MORE

NEWS & ANALYSIS Report: L Catterton to Sell Ganni in up to $700 Million Deal By Reuters

The Danish label has hired boutique investment bank Lazard to run the sale process, which has attracted interest from Chinese buyers, according to sources. READ MORE

TECHNOLOGY The Era of the AI Fashion Designer Is Getting Closer By Marc Bain Image-generating AI programs like Dall-E Mini show how close the technology is to producing credible imitations of designer clothing, a scenario that could have a range of consequences for fashion. READ MORE

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