How Big Can Luxury Brands Get?

Gap CEO Departs, Nick Beighton Named MatchesFashion CEO

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WHAT YOU NEED TO KNOW TODAY: TUESDAY, JULY 12, 2022 Luxury's mega-brands still have expansion opportunities in new categories and geographies, writes Pierre Mallevays. Ex-ASOS chief Nick Beighton will lead MatchesFashion, replacing Paolo De Cesare. Gap Inc. CEO Sonia Syngal is departing the company as it braces for a quarterly sales decline. China's Lanvin Group aims to acquire another fashion brand, said CEO Joann Cheng. Apps are seeking to curb compulsive shopping, even as e-commerce is fine-tuned to make it easier to buy stuff than ever before. Plus, find your next career move from the 4,000+ global jobs on BoF Careers.

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LUXURY How Big Can Luxury Brands Get? By Pierre Mallevays

Last month, Kering set a medium-term sales target of €15 billion for flagship brand Gucci, far beyond what conventional wisdom once deemed possible. READ MORE

LUXURY Ex-Asos Chief Nick Beighton to Lead MatchesFashion, Replacing Paolo De Cesare By Cathaleen Chen

Beighton is the fourth CEO to run the luxury e-tailer in less than five years as its private equity owners struggle to improve performance. READ MORE

RETAIL Gap Inc. CEO Sonia Syngal to Exit By Cathaleen Chen

The mall retailer has also tapped Horacio "Haio" Barbeito as chief executive of its Old Navy brand. READ MORE

TECHNOLOGY Technology Is Fuelling and Fighting Compulsive Shopping By Marc Bain

Apps and site blockers are seeking to curb compulsive shopping, but they're battling an e-commerce apparatus fine-tuned to make it easier to buy stuff than ever before. READ MORE

Lanvin Group Aims to Acquire Another Brand Next Year READ MORE

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