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Barbie Mania’s Impact, From Mattel to Chanel

Oddity Tech Shares Soar Post-IPO; Don't Write Off Next-Gen Materials Just Yet

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WHAT YOU NEED TO KNOW TODAY: THURSDAY, JULY 20, 2023 BoF talks to Mattel's president about what Barbie's renaissance could mean for fashion: from collaborations to hot pink, from Zara to Chanel. Oddity Tech's shares jumped 35 percent on their first day of trading, giving the Il Makiage owner a $2.7 billion valuation. Fashion needs next-gen materials despite the shakeout in the space, argues MycoWorks CEO Matthew Scullin. Skims has raised $270 million in a funding round that values it at $4 billion. A data breach at The Estée Lauder Companies has locked employees worldwide out of key systems for days. Chanel will stage its annual craftsmanship showcase in Manchester in December.

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RETAIL Breaking Down the Barbie Phenomenon, From Mattel to Chanel By Tamison O'Connor

Mattel's president and COO sees the summer's hottest film opening a new chapter for the company, with implications for partners across retail and fashion. READ MORE

BEAUTY Big Beauty IPOs Are Back By Rachel Strugatz

On its first day of trading, Oddity shares jumped 40 percent, giving the parent company of Il Makiage a $2.68 billion valuation. READ MORE

SUSTAINABILITY Op-Ed | Fashion's Materials Revolution Is Here to Stay By Matthew Scullin The industry needs next-generation materials to meet its climate commitments, and quality, not capital, is the most important nut to crack, argues MycoWorks CEO Matthew Scullin. READ MORE

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NEWS BRIEFS South Korean Fashion E-tailer Musinsa Secures $190 Million Investment Chanel to Stage Métiers d'Art Show in Manchester The Estée Lauder Companies Targeted by Worldwide Cybersecurity Breach Kim Kardashian's Skims Reaches $4 Billion Valuation

BoF PROFESSIONAL

Inside Hermes Best-In-Class Leather Goods Strategy This year, Hermès' stock price has soared, lifting the company's market capitalisation above $200 billion — more than that of Nike, the world's biggest fashion brand by revenue — for the first time. BoF's case study, Inside Hermès' Best-in-Class Leather Goods Strategy, breaks down Hermès' leather goods success, exploring how it protects and grows the hero category while creating stability, profitability and self-determination in a fast-moving, competitive luxury fashion market — offering lessons for brands at every scale. READ NOW

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