Ludovic de Saint Sernin Exits Ann Demeulemeester

A Metaverse Reality Check; The Upside to Shein's Down Round

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WHAT YOU NEED TO KNOW TODAY: SATURDAY, MAY 20, 2023 Ludovic de Saint Sernin is exiting Ann Demeulemeester after a single season. Shein's reduced valuation shouldn't be taken as a sign that the fast-fashion giant has peaked. Adidas said it will begin selling its remaining Yeezy products at the end of this month. A group of TikTok creators have sued to block Montana's ban of the platform. Plus, this week on The BoF Podcast, tech correspondent Marc Bain leads a discussion on the state of web3 in fashion.

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LUXURY Ludovic de Saint Sernin Exits Ann Demeulemeester By Robert Williams

The social-media savvy designer is leaving the ready-to-wear brand after a single season. READ MORE

RETAIL What Shein's Lower Valuation Means for the Future of Fast Fashion By Cathaleen Chen

The fast fashion retailer's down round this week reflects new pressures from rivals and regulators. But the e-commerce giant is reportedly aiming for another year of explosive growth on its way to a potential IPO. READ MORE

TECHNOLOGY The BoF Podcast | The Web3 Debate: A Reality Check on Fashion and the Metaverse By Marc Bain

BoF's Marc Bain and a group of panellists break down the state of web3 in fashion and where the technology is headed. READ MORE

BEAUTY Beauty TikTok's Latest Obsessions: Beyoncé's New Hair Line, Dior and More By Sarah Elson

Unpack the social platform's reaction to the latest celebrity beauty announcement and a new makeup filter. READ MORE

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

NEWS BRIEFS Adidas Outlines Plan to Sell Remaining Yeezy Inventory IFF Weighs Sale of $1 Billion Lucas Meyer Cosmetics Unit Giorgio Armani to Stage Couture Show During Venice Film Festival TikTok Creators Sue to Block Montana's Ban on the Platform Foot Locker Slumps as Weak Demand, Heavy Discounts Drive Annual Forecast Cut

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