Not a trick: Penny or dollar? (Surprising truth) | 16 February

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Gold Matters

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Can Kering Get Back On Track?

New York Fashion Week Highlights, Black Designers' Balancing Act

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WHAT YOU NEED TO KNOW TODAY: THURSDAY, FEBRUARY 16, 2023 Kering shares rose on its bullish China outlook, despite underperformance at Gucci and Balenciaga. Steff Yotka reports from New York Fashion Week: Coach, Tory Burch, Thom Browne and more. Black designers are more visible at New York Fashion Week, but they continue to face pressures to build thriving businesses and advocate for racial equity. Veteran designer Vivienne Tam is trying to bring fashion into the web3 era with metaverse shows and real clothes embroidered with NFT avatars. Brands are starting to factor shifting weather patterns due to climate change into inventory management and sales forecasts. Plus, learn about AI and web3 from Gucci, Ambush and Levi's at The BoF Professional Summit on March 22. Sign up now to attend in person or via the global livestream.

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LUXURY Can Kering Get Back On Track? By Robert Williams

Gucci's sales dropped 15 percent during the fourth-quarter while scandal-mired Balenciaga also stalled. Still, shares rose as investors rallied behind a bullish outlook for China. READ MORE

FASHION WEEK In New York, It's Clothes Over Concept By Steff Yotka

From Coach to Altuzarra, practical garments dominated the second half of New York Fashion Week, save for Thom Browne's theatre of The Little Prince. READ MORE

FASHION WEEK At NYFW, Black Designers Are Expected to Be Stars and Activists By Sheena Butler-Young Emerging designers face the usual challenges of building a brand plus the pressure to make strides for racial equity within the industry. READ MORE

TECHNOLOGY Learn from Gucci, Ambush and Levi's at The BoF Professional Summit on March 22 By BoF Team

First speakers announced examining AI, web3 and an inflection point in fashion tech. READ MORE

TECHNOLOGY How Vivienne Tam Is Mixing Fashion, Culture and Web3 By Sheena Butler-Young The veteran designer and pioneer of "China chic" took popular NFT images from Bored Ape Yacht Club and Cryptopunks and laced and embroidered them onto her garments for her brand's Fall/Winter 2023 collection. READ MORE

SUSTAINABILITY How Hotter Weather Is Creating Uncertainty for Fashion Brands By Sarah Kent Climate change is making shopping behaviour harder to predict, adding to inventory management challenges for brands and retailers. READ MORE

BoF PROFESSIONAL Join now and enjoy your first 30 days for just $/£/€1 START TRIAL

NEWS BRIEFS Neiman Marcus to Lay Off About 5% Of Workforce Anta Sinks as $1.2 Billion Stake Pops Up in Clearing System Investment in Next-Gen Materials Halved in 2022 Kering to Name 'Brand Safety' Boss After Balenciaga Ad Uproar LVMH Faces Renewed Tax Scrutiny After Court Loss

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