After Rana Plaza

Why Fashion Can't Kick Its Cowboy Obsession; New Business of Beauty Global Forum Speakers

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WHAT YOU NEED TO KNOW TODAY: MONDAY, APRIL 24, 2023 Ten years after the deadly Rana Plaza disaster, BoF's new case study explores moves to expand a binding safety agreement signed in its aftermath. Cowboy boots, fringe and other Western wear hallmarks are trending thanks to the popularity of Yellowstone and the pandemic's outdoors boom. The Business of Beauty Global Forum announces its latest cohort of speakers including Forerunner's Kirsten Green, Gabby YJ Chen of Florasis and activist Schuyler Bailar. Lacoste is betting on a new store concept to push sales past €4 billion a year. Coming this week: The 10th anniversary of the Rana Plaza disaster, plus Kering's earnings and Tiffany's reopened flagship. Valentino reported sales of €1.42 billion ($1.58 billion) in 2022, a 10 percent increase in constant exchange rates.

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SUSTAINABILITY How to Avoid Another Rana Plaza | Case Study By Sarah Kent In the wake of 2013′s deadly factory collapse in Dhaka, more than 200 brands signed the Bangladesh Accord, a legally binding safety pact. As the agreement expands internationally, BoF unpacks why it's widely viewed as fashion's most effective safety campaign, how it can help brands address new sustainability regulation and what limitations remain. READ MORE

RETAIL Why Fashion Can't Kick Its Cowboy Obsession By Cathaleen Chen

From Urban Cowboy to Coachella to Yellowstone, the Western look is a trend that returns again and again to the fashion mainstream. Prestige television, remote work and shifting political winds have all played a role in the style's latest resurgence. READ MORE

BEAUTY Kirsten Green, Gabby YJ Chen, Manoj Dias, Sharareh Siadat and Schuyler Bailar to speak at The Business of Beauty Global Forum 2023 By BoF Team

Join the global livestream on May 30 and 31, 2023 to unlock essential learnings, challenge conventional thinking, inspire innovation and reimagine the future of the global beauty and wellness industry. READ MORE

LUXURY Lacoste Bets on New Store Concept to Propel Sales to €4 Billion By Tamison O'Connor After sales hit €2.5 billion last year, the French heritage label known for its crocodile-logoed polos is looking to its new 'Lacoste Arena' retail concept to help power its next chapter of growth. READ MORE

SUSTAINABILITY Fashion Marks Rana Plaza's 10th Anniversary By Brian Baskin The fashion industry's treatment of garment workers in the decade since the deadly building collapse will come under fresh scrutiny in a busy week that also includes Kering's latest financial results and the reopening of Tiffany's Manhattan flagship. READ MORE

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NEWS BRIEFS Bed, Bath & Beyond Plans to Swiftly Liquidate, Shutter Stores Valentino Reports 10 Percent Rise in Annual Sales

PARTNER CONTENT

BoF Insights Gathers Executives During Milan Design Week to Share Insights From Lifestyle Research At an executive briefing during Milan Design Week for the launch of BoF's latest insights report — The Lifestyle Era: Luxury's Opportunity in Home and Hospitality — Design Holding CEO Daniel Lalonde, La Double J founder JJ Martin and Isabelle Dubern-Mallevays, co-founder of Invisible Collection, discussed the growing opportunities in the home design and hospitality space for fashion and beauty brands.  About 70 percent of wealthy consumers in the US, UK and France surveyed for the report say they are more likely to shop for home products from brands from whom they have already purchased, while 40 to 50 percent say they expect to increase spending on home textiles, decor and fragrances.  READ MORE

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