The Nike-Backed Gamer Building the Supreme of the Metaverse

LVMH Results, Alexander McQueen and Roksanda

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WHAT YOU NEED TO KNOW TODAY: WEDNESDAY, OCTOBER 12, 2022 Benoit Pagotto of Nike-owned RTFKT is building the Supreme of the metaverse. Alexander McQueen and Roksanda kicked off a Frieze Week packed with fashion events. LVMH revenue soared in Q3, but US sales grew at half the rate of the previous quarter. Branded cafes, bars and restaurants are a marketing sweet spot for luxury players like Burberry, Cartier and Tiffany in China. Plus, on The BoF Podcast, Tim Blanks and Imran Amed discuss the highlights of Milan and Paris fashion weeks.

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ENTREPRENEURSHIP Benoit Pagotto: The Nike-Backed Gamer Building the Supreme of the Metaverse By Vikram Alexei Kansara Virtual fashion brand RTFKT rocketed from launch to Nike acquisition in less than two years. The man on the joystick isn't a Silicon Valley geek but a French provocateur with a radical business vision and a warning for the fashion industry: 'A lot of brands are going to die.' READ MORE

FASHION WEEK Welcome to London Frieze Fashion Week By Susanna Lau

Alexander McQueen and Roksanda kicked off a week packed with fashion events as wealthy art lovers descended on London. READ MORE

LUXURY LVMH Beats Estimates, Blames Tourist Shopping for Slowing US Growth By Robert Williams

A strong dollar is encouraging Americans to spend more abroad, luxury's biggest group said. READ MORE

CHINA Will Fashion's Bet on Food and Beverage Pay Off? By Elizabeth Beattie In China, branded cafes, bars and restaurants are a marketing sweet spot for luxury players like Burberry, Cartier and Tiffany but navigating an unfamiliar sector amid strict lockdowns isn't easy. READ MORE

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NEWS BRIEFS Dutch, Norwegian Regulators Issue Guidance on Controversial Higg Tool US Retailers Looking Past China for Suppliers See Costs Jump 30%

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PODCAST The BoF Podcast: Tim Blanks and Imran Amed Recap The Season That Was By BoF Team

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