What Happens After Founders Step Aside

Why Fashion's New Materials Struggle to Scale; Luxury's Big Beauty Opportunity

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WHAT YOU NEED TO KNOW TODAY: THURSDAY, JULY 13, 2023 For brands like Savage X Fenty with larger-than-life founders, managing that first leadership transition can be tricky, but ultimately rewarding. Last month Bolt Threads paused production of its mushroom-based leather. The move points to broader challenges for the market, writes Ken Pucker. Ultra-luxury beauty is a white space waiting to be filled, reports The State of Fashion: Beauty. Walter Chiapponi is leaving Tod's Group after four years as creative director. Plus, BoF Insights unpacks why after a period of unsteadiness the foundations of mainland China's long-term luxury spending are strong.

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WORKPLACE & TALENT What Happens After Founders Step Aside By Sheena Butler-Young For brands engineered by larger-than-life visionaries, like Savage x Fenty or Ralph Lauren, the first leadership transition can be complicated — but eventually rewarding. READ MORE

SUSTAINABILITY Why Mushroom Leather (and Other New Materials) Are Struggling to Scale By Ken Pucker

Late last month, leading materials start-up Bolt threads said it had paused operations for its leather alternative Mylo. The company's struggle to raise funds points to deeper challenges for the sector, writes Kenneth Pucker. READ MORE

BEAUTY Beauty's $40 Billion Luxury Opportunity By Kristi Weaver, Sara Hudson, Amaury Saint Olive and Alex Workman

Wealthy shoppers looking for exclusive beauty products and bespoke experiences have been underserved. But that may change soon, according to The State of Fashion: Beauty. READ MORE

Tod's Creative Director Walter Chiapponi to Step Down READ MORE

Kim Kardashian in Talks to Buy Back Beauty Firm Stake From Coty READ MORE

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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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