BoF VOICES 2024: Alessandro Michele, Nicky Doll and More

Tapestry-Capri Deal Called Off; Burberry's Course Correction; Alexandre Arnault's New Role

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WHAT YOU NEED TO KNOW TODAY: FRIDAY, NOVEMBER 15, 2024 Alessandro Michele, Nicky Doll, Jens Grede, Bethann Hardison and others took the stage on the final day of BoF VOICES 2024. Coach-parent Tapestry has terminated its deal to acquire Michael Kors-owner Capri Holdings. Burberry outlined a turnaround plan centred on outerwear after reporting a 22 percent sales drop. Alexandre Arnault will leave Tiffany to serve as deputy CEO of LVMH's wines and spirits division in Paris. Skims is partnering with Dolce & Gabbana on a limited-edition collaboration launching next week. Estée Lauder has partnered with OpenAI on proprietary GPTs for product development and marketing.

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NEWS & ANALYSIS BoF VOICES 2024: Global Culture and Creativity By Simone Stern Carbone

Valentino's Alessandro Michele and Jacopo Venturini, On founder David Allemann and Skims co-founder Jens Grede and more spoke about creativity and culture. READ MORE

NEWS & ANALYSIS BoF VOICES 2024: The Power of Purpose By Sarah Kent

Former model, agent and advocate Bethann Hardison, French drag queen Nicky Doll and model-and-influencer couple Nara and Lucky Blue Smith spoke about challenging societal norms and finding their power. READ MORE

RETAIL Tapestry and Capri Call Off Their Merger By Cathaleen Chen

The $8.5 billion deal is off after the US Federal Trade Commission successfully blocked it in court. In announcing the termination, the Coach-owner said it would buy back stock, while Capri outlined a turnaround plan that includes closing some Michael Kors stores. READ MORE

LUXURY Burberry 'Acting with Urgency to Course Correct' By The Guardian The British megabrand is putting the focus back on outerwear and scarves after swinging to a loss in recent months. The brand will underscore its heritage and cut costs as part of a turnaround plan outlined by new chief executive Joshua Schulman on Thursday. READ MORE

LUXURY LVMH Moves Alexandre Arnault to Headquarters, Fuelling Succession Talk By Bloomberg Arnault is exiting his role at Tiffany in the conglomerate's latest executive shakeup. He'll become deputy CEO of the group's wine and spirits unit, Moët Hennessy, under Jean-Jacques Guiony. READ MORE

LUXURY Exclusive: Dolce & Gabbana to Collaborate With Skims By Simone Stern Carbone The Italian luxury brand will bring a colourful 'dolce vita' aesthetic to Kim Kardashian's shapewear label. READ MORE

BoF VOICES 2024 Concludes With Gala Celebration READ MORE

Amazon Questioned by Congress Over Growing TikTok Relationship READ MORE

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