What the End of Affirmative Action Means for Fashion

The Next Wave of Beauty M&A

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WHAT YOU NEED TO KNOW TODAY: MONDAY, JULY 3, 2023 Corporate diversity efforts were losing momentum before the Supreme Court struck down affirmative action last week. The ruling may accelerate the backslide. Beauty lines that found success with premium branding at a low price point are hot targets for would-be acquirers. Regulation, and LVMH's surprise call for a luxury-only sustainability pact, took centre stage at fashion's annual sustainability summit in Copenhagen last week. Haute Couture Week has an increasingly global feel, reflecting an international clientele. Celine cancelled its menswear show on Sunday as riots in Paris continued.

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WORKPLACE & TALENT What the End of Affirmative Action Means for Fashion By Sheena Butler-Young

Diversity, equity and inclusion efforts were already losing momentum before the US Supreme Court struck down the use of race in college admissions. The ruling may accelerate the retreat, experts say. READ MORE

BEAUTY Mass Brands Are the Next Wave of Beauty M&A By Priya Rao

Lines found in Target, CVS and Walmart have found success with stylish packaging and ingredient-forward storytelling at a low price point. That makes them hot commodities for would-be acquirers. READ MORE

SUSTAINABILITY In Copenhagen, Regulators and LVMH's Luxury-Only Climate Pact By Sarah Kent

This week at fashion's annual sustainability gathering, luxury giant LVMH called for a luxury-only sustainability initiative, while policymakers pressed for an end to throwaway fast fashion. READ MORE

LUXURY How Haute Couture Week Has Gone Global By Brian Baskin The schedule has started to reflect a clientele increasingly centred in Asia, the Middle East and other regions beyond the traditional core of Europe and North America. READ MORE

LUXURY Celine Cancels Menswear Show in Paris as Riots Continue By Bloomberg Designer Hedi Slimane said a fashion show would be 'inconsiderate and totally out of place." READ MORE

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NEWS BRIEFS Andam Fashion Awards Announces 2023 Winners Fashion Industry Driving Demand for Green Shipping

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The Complete Playbook for Generative AI in Fashion Generative AI could be one of the most consequential technologies for the fashion industry. Though still early days, the technology is improving rapidly and the number of use cases is expanding across many parts of the industry — from product design, visual content creation, copywriting and customer experience. BoF's latest case study unpacks the hype around this emerging technology and explores its opportunities, challenges and risks in multiple parts of fashion's value chain. READ NOW

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