Bulgari CEO: ‘Less But Better’ Driving Luxury Growth

Hermès, Selfridges Have Exited the Fashion Pact; A DTC Veteran Makes Showerheads a Hot Beauty Item

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WHAT YOU NEED TO KNOW TODAY: TUESDAY, MAY 23, 2023 Bulgari is growing at "more than double digits" powered by "natural upselling," chief executive Jean-Christophe Babin told BoF. Hermès, Selfridges and Stella McCartney have quietly left the high-profile Fashion Pact. The State of Fashion: Beauty special edition explores why the outlook is rosy for today's $460 billion global beauty industry. Ryan Babenzien, who founded the sneaker brand Greats, has an unusual new hit: Jolie, a showerhead pitched as a wellness product. Audemars Piguet has appointed Ilaria Resta to succeed longtime CEO François-Henry Bennahmias.

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LUXURY Bulgari CEO: 'Less But Better' Driving Luxury Growth By Robin Swithinbank

The LVMH brand is recording 'more than double digit' growth, generated by 'natural upselling requested by clients,' said chief executive Jean-Christophe Babin in an exclusive interview with BoF. READ MORE

SUSTAINABILITY Selfridges, Hermès Quietly Exit Fashion Pact Amid Slow Progress By Sarah Kent

Four years after a splashy launch around the G7, the CEO-powered climate drive says it's gearing up to accelerate action. But it has lost high-profile members and so far delivered little more than a handful of pilot projects. READ MORE

BEAUTY What Will Define Beauty's Next Era of Growth? By BoF Team and McKinsey & Company

From skin care and fragrance to colour cosmetics and hair care, the outlook for the global beauty industry is rosy in the years ahead, even amid hyper-competition, channel mix challenges, and rapid innovation and production cycles. The State of Fashion: Beauty explores what lies ahead. READ MORE

BEAUTY How a DTC Veteran Made a Showerhead One of Beauty's Hottest Items By Malique Morris

Ryan Babenzien, who previously founded the sneaker brand Greats, is employing guerilla-style marketing and partnerships with wellness-centric retailers to build his new brand, Jolie. READ MORE

Audemars Piguet Names Ilaria Resta as New CEO READ MORE

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Next Is Hiring Opportunities at Next include an Assistant Buyer and an Assistant Girlswear Designer in London. As well as an E-commerce Trade & Search Assistant, an Account Manager for Branded Kids Furniture and an Assistant Lingerie Fabric Technologist in Leicester. Next is one of the UK's largest online clothing retailers, selling its own brand as well as over 1000 others across fashion, home and beauty categories. A FTSE 100 company based in Leicester, Next was founded in 1864 as a tailor under the name of Joseph Hepworth & Son. Today, the brand has around 500 stores in the UK and Ireland, and an online presence in over 70 countries worldwide. Next is looking to hire an assistant merchandiser and a trainee buyer in Leicester. VIEW JOBS

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