LVMH Invests in Our Legacy

Fashion's Big Climate Questions; Ralph Lauren's Strong Quarter

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WHAT YOU NEED TO KNOW TODAY: FRIDAY, NOVEMBER 8, 2024 LVMH has taken a minority stake in cult Swedish menswear label Our Legacy. The UN's annual COP climate change conference next week comes at a precarious moment for fashion's environmental efforts. Ralph Lauren raised its outlook after strong sales in Europe and Asia boosted its latest quarterly results. Warby Parker reported rising sales and narrower losses as its investment in new stores showed signs of paying off. Plus, we are delighted to share the final agenda for the BoF VOICES 2024 global livestream, taking place next week, from Tuesday, November 12 to Thursday, November 14. Register now.

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LUXURY LVMH Acquires Minority Stake in Our Legacy By Daniel-Yaw Miller The luxury conglomerate is investing in the cult Swedish menswear label through its venture capital arm, The Business of Fashion can exclusively reveal. Our Legacy has built a €40 million business, multiplying its sales five-fold in recent years. READ MORE

SUSTAINABILITY Fashion Faces Big Climate Questions Ahead of COP 29 By Sarah Kent

The UN's annual COP climate change conference kicking off in Baku, Azerbaijan next week comes at a precarious moment for the industry's environmental efforts. READ MORE

NEWS & ANALYSIS BoF VOICES 2024 Global Livestream Full Agenda By BoF Team

Register now to join us from November 12 to 14. READ MORE

Watch Industry Failing to Make Models Women Want, Survey Finds READ MORE

Op-Ed | Moncler Can Keep Itself Warm With Potential Burberry Bid READ MORE

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

NEWS BRIEFS Ralph Lauren Raises Outlook, Bucking Broader Luxury Slowdown Bulgari CEO Sees China Luxury Market Recovering in Two Years Warby Parker Narrows Losses, Raises Full-Year Revenue Projections Louis Bacon's $203 Million Court Win Against Peter Nygard Tossed

PARTNER CONTENT

The Foundations of Retail Success This four part series unpacks what retailers need to know about opening and running a profitable store. It draws on insights and examples from BoF's proprietary case studies, curated to be applicable to brands seeking to start or expand their physical retail ecosystems. In future iterations of the series, BoF will focus on operational excellence and removing friction from the retail process; how DTC brands should explore physical retail before concluding with insights on customer centricity, community branding and building effective loyalty programmes. In this, the launch article, insights will be focused on the foundational building blocks of retail success — location, forecasting and staffing — drawn from BoF's case study 'The Art and Science of Retail Success', authored by Cathleen Chen, sharing insight from companies including Suitsupply and Lush Cosmetics, heavyweights such as Uniqlo and Aritzia, La Ligne, and luxury retailer Elyse Walker. READ MORE

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