Tim Blanks on Couture Week: Dior, Schiaparelli

Highsnobiety Lays Off Staff, Delays Store Opening; Parfums de Marly Buyer Talks Deal Strategy

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WHAT YOU NEED TO KNOW TODAY: TUESDAY, JULY 4, 2023 Haute Couture began in Paris under the shadow of ongoing protests throughout France, writes Tim Blanks. Flagship Highsnobiety has laid off about 10 percent of its staff and is delaying the opening of its first permanent store, BoF has learned. Tricia Glynn of Advent International, the private equity firm that recently acquired Parfums de Marly, unpacks key M&A strategies in The State of Fashion: Beauty. Tommy Hilfiger brand president Avery Baker is stepping down after 24 years.

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FASHION WEEK Couture on the Edge of Darkness By Tim Blanks

How does haute couture cope in Paris when real life intrudes, writes Tim Blanks. READ MORE

NEWS & ANALYSIS Highsnobiety Lays Off 10 Percent of Its Staff By Daniel-Yaw Miller

The Zalando-owned streetwear and youth culture media platform announced the layoffs of 24 employees last week, citing unfavourable economic conditions and the need for cost-cutting measures, sources said. READ MORE

BEAUTY Advent's Tricia Glynn on Finding the Winning Ingredients for Beauty's Deal-Makers By Janet Kersnar

From her vantage point as managing partner at a global private equity firm, Glynn explores for The State of Fashion: Beauty the enduring opportunities beauty provides investors. READ MORE

Are Toxic Chemicals in Fashion Making People Sick? READ MORE

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NEWS BRIEFS JD Sports Enters Middle East With GMG Franchise Deal Tommy Hilfiger President Steps Down

PARTNER CONTENT

How Global Luxury Travel Trends Will Impact Fashion From consumers replacing bucket lists with revenge buying to remote-working blending with travel itineraries to create a "bleisure" travel culture, Marriott International's president of luxury Tina Edmundson tells BoF how post-pandemic travel trends are changing the opportunity for luxury. "People are expanding their travel itineraries. If you are going to Paris, you are also going to Bordeaux or other destinations outside of the city," Edmundson told BoF. "Customers are looking to discover how else they can enrich their experiences and immerse themselves in local culture. These secondary cities have become incredibly important." READ MORE

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