The Off-Price Wars Start Now

Estée Lauder in Talks to Buy Tom Ford, Inclusive Modeling Agencies

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WHAT YOU NEED TO KNOW TODAY: TUESDAY, AUGUST 2, 2022 Off-price retailers should benefit from fashion's inventory problems, but face tough competition from resale platforms. New York-based agency JAG Models is seeking to create a more inclusive system for classifying and casting models. Estée Lauder Cos. is in talks to acquire the Tom Ford business for $3 billion or more, The Wall Street Journal reports. Tiffany & Co. will sell custom pendants to holders of the CryptoPunks NFTs, the jeweller's first major foray into the space. Mounting political and economic instability are worsening human rights risks in fashion's supply chain. Sign up for BoF's Weekly Sustainability Briefing.

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RETAIL The New Rules of Off-Price Retail By Cathaleen Chen

Downturns typically mean a boom for discount retailers. But a glut of unsold merchandise and a surging resale sector are creating new pressures in the market. READ MORE

MARKETING The Agency That Says Models Are More Than Their Measurements By Melissa Magsaysay

JAG Models is leading a shift in casting, emphasising preferred pronouns, foundation shade and other descriptors they say are more inclusive. READ MORE

LUXURY Report: Estée Lauder in Talks to Acquire Tom Ford For $3 Billion or More By Lauren Sherman

The potential deal would mark a change in strategy for the beauty conglomerate, which typically acquires pure beauty brands. READ MORE

SUSTAINABILITY Fashion's Human Rights Record Is Worse Than Ever By Sarah Kent A new report exposing abuse of garment workers at factories linked to major brands in Myanmar points to ways mounting political and economic instability are worsening human rights risks in fashion's supply chain. READ MORE

TECHNOLOGY Tiffany Is Launching a Custom Jewellery Programme for CryptoPunk Owners By Marc Bain Holders of the pixelated NFT characters will be able to buy an "NFTiff" for about $50,000 that entitles them to a custom pendant featuring their CryptoPunk. READ MORE

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NEWS BRIEFS Amazon Says Its Planet-Warming Carbon Emissions Grew 18% in 2021 Amazon Starts Same-Day Deliveries From Diesel and PacSun Stores German Retail Sales Plunge Most Since 1980 as Inflation Bites Iranian Fashion Retailers Pursue Growth Amid Sanctions

PARTNER CONTENT

Optimising Sustainable Cotton Production for Fashion Businesses The US Cotton Trust Protocol works with cotton growers in the US to produce fibres with a lower environmental and social risk in alignment with the UN's Sustainable Development Goals for members like Levi's and Gap Inc.  "The environmental benefits of more sustainable practices help the growers and their partners meet consumer demand, who want more and more information about how products are produced. […] Brands and retailers can see a supply chain transparency map — down to the US cotton that started the process," Dr. Gary Adams, president of the US Cotton Trust Protocol, tells BoF. READ MORE

The Business of Fashion AGENDA-SETTING INTELLIGENCE, ANALYSIS AND ADVICE FOR THE GLOBAL FASHION COMMUNITY. CONNECT WITH US ON CONTACT US ETHICS POLICY SPONSORSHIP & ADVERTISING JOB OPPORTUNITIES This email was sent to edwardlorilla1986.paxforex@blogger.com Update your preferences or unsubscribe from this list. All services provided are subject to our Privacy Policy. The Business of Fashion Ltd The Business of Fashion, Soho Works 2, Television Centre, 101 Wood Lane, London, W12 7FR, United Kingdom businessoffashion.com

Bezos & Musk investing billions to transform America

Fellow Investor, This is troubling.  Have you heard of COP26? Almost nobody has.  Amid the distractions caused by lingering health issues, conflicts overseas, shortages, and inflation… Treasury Secretary Janet Yellen recently took the stage at COP26 in Glasgow, Scotland to address some of the world's most powerful people, including: S. President, Joe Biden… British Prime Minister, Boris Johnson… Canadian Prime Minister, Justin Trudeau… French President Emmanuel Macron… … and many more… From the stage, Yellen called for world leaders to commit to a $150 trillion 'global transition' of our economy.  Since then, Bank of America has signed the accord, along with 131 countries, 234 cities, and 695 of the world's biggest companies.  Jeff Bezos and Elon Musk have invested in this 'transformation' as well.  What is it that Yellen, Biden, Trudeau, Bezos and Musk are pushing for? And what does it mean for your money? Investigative journalist and renowned economist, Nomi Prins has followed the money… And what she's found is startling.  She says: "While most Americans are distracted by mainstream media headlines calling for a stock market crash, I've found evidence that shows where the elites are spending $150 trillion to 'transform' the economy. Most Americans will be shocked when they see what happens next." I had to know more, so I scheduled an interview for Nomi to go deeper into the details of this 'transformation.' She agreed to do the interview on one condition: she wanted to record it so she could get her message in front of as many Americans as possible before it's too late.  Go here to see how this 'transformation' will play out – and what it means for your money. Regards, Maria Bonaventura Senior Managing Editor, Distortion Report

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USAID Recognizes World Breastfeeding Week 2022

Having trouble viewing this email? View it as a Web page.   Subscribe   STEP UP FOR BREASTFEEDING: PROTECT, PROMOTE, SUPPORT For over 40 years, USAID has supported breastfeeding initiatives around the world to save lives, prevent malnutrition, and enhance the long-term health of women and children. Breastfeeding is one of the most widely recognized practices that can prevent malnutrition, support optimal growth and development for infants, and reduce the risk of certain cancers for breastfeeding women. This World Breastfeeding Week, USAID is excited to join the global community to elevate the vital role of breastfeeding to reach broader maternal and child survival goals.  Achieving optimal breastfeeding goals requires collective responsibility. Breastfeeding is more than a one person job, however, in many places around the world, women shoulder the responsibility alone or with very little support. In recognition that scaling up breastfeeding worldwide requires broad-based support, USAID promotes breastfeeding as a collective responsibility that families, communities, health systems, governments, and development partners must champion together.   USAID supports mothers and children to overcome breastfeeding obstacles by supporting health workers to provide and sustain breastfeeding-friendly environments, increasing quality lactation education and care, and restoring and transforming breastfeeding systems affected by the COVID-19 pandemic. Honor World Breastfeeding Week with us by: Reading and sharing our recently published blog: Mom Knows Best Sharing our fact sheet, available in both French and Spanish, which explains why breastfeeding is a cornerstone of USAID's work to address malnutrition Engaging on social media using the hashtag #WBW2022 Exploring USAID's breastfeeding work

Through our partnerships and programs, USAID helps ensure that all mothers, newborns, and children have a chance of a healthy life, regardless of where they are born. USAID's Office Maternal and Child Health and Nutrition within the Bureau for Global Health plays a leading role in supporting the Agency's commitment of preventing maternal and child deaths: investing in affordable, high-quality interventions that save lives and allow women, children, and families to thrive.

 

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Ogilvy is sending these announcements on behalf of USAID's Bureau for Global Health. Ogilvy is located at 1111 19th St. NW, Washington, DC 20036 • (202) 729-4000