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WHAT YOU NEED TO KNOW TODAY: MONDAY, NOVEMBER 11, 2024

Dear BoF Community,

Today, we are excited to release The State of Fashion 2025 by McKinsey & Company and BoF Insights, the data and advisory team at The Business of Fashion.

Fashion executives are feeling pessimistic about 2025. A long-expected post-Covid spending slowdown has arrived, while geopolitical tensions remain high. But there are still pockets of opportunity in promising new markets, in underserved customer groups and at new frontiers in customer experience, powered by artificial intelligence.

Download The State of Fashion 2025 now to explore the 10 themes that will define the industry in the year ahead.

And join us at BoF VOICES 2024 on Wednesday November 13 at 10:30am GMT as we go deeper into the findings of the report. Sign up here to register for our global livestream, beginning tomorrow.

Imran Amed, Founder and CEO, The Business of Fashion

Plus, also in today's BoF Daily Digest newsletter:

TOP STORIES
By Imran Amed, Gemma D'Auria, BoF Insights and McKinsey & Company

PARTNER CONTENT
Milanese Momentum: How The Attico Turned Buzz Into Longevity

When Gilda Ambrosio and Giorgia Tordini founded their womenswear brand in 2016, the Italian designers generated both buzz and business instantly, landing 140 stockists and an approximately 80 percent sell-through rate in their first year.

"We didn't expect the success, the recognition and the interest from the industry and even from our customers," Tordini told BoF. "We wanted to give a very specific, precise idea and concept. And from there, of course, there has been a very big evolution."

Eight years on, having navigated a global pandemic and on-going economic and market uncertainty, BoF sits down with The Attico's leaders to learn about how they built a brand with creative and commercial longevity.

READ MORE

My Old Ass

The studios don't make movies like this anymore.

Then again, they were never blockbusters. They'd return their low budgets and hopefully some profits, but they wouldn't set the world on fire, but they might stay in your heart forever.

I'm not talking about AIP or New World. Those indies specialized in something grittier, edgier, delivering what the studios were afraid to, or pooh-poohed. Whereas "My Old Ass" tests no limits, contains no titillation, other than the basic concept, it's wholly believable.

Yes, young Elliott converses with old Elliott as a result of taking mushrooms. And old Elliott is played by Aubrey Plaza, who has become one of our biggest movie stars, not by looks, by appearances in TMZ, but by sheer personality and acting chops. I'm sure you've seen some of Aubrey's appearances on late night TV. If not, you're in for a treat. She's sly, she's funny, she evidences intelligence, this is a movie star.

Not that Aubrey/Elliott has that much screen time, although her voice is heard throughout the picture.

Which is just shy of an hour and a half long. Quite a change in an era where every director considers themselves an auteur, needing hours to sell their message, if there really is one at all.

And there is a message in "My Old Ass." And it's kind of trite. And it's not really revealed until the end. But ultimately you're satisfied.

Bottom line, ignorance is for the youth. When you know little you take chances, you don't worry about consequences, you're all in, whereas when you get older and have experienced the let-downs and disappointments in life you become gun-shy. Knowing too much works to your disadvantage.

Oh, there's one extra twist. Which makes the message less pedestrian. Let's just say the experiences you have earlier in your life, the meaning they had for you, the private emotions... They never leave.

So "My Old Ass" got good reviews, but if you think this pic is going to draw people to the theatre, you'll be disappointed to find out that it has only grossed $5.4 million domestically, and only $0.3 million in the rest of the world, not even half of what Amazon paid for the flick at Sundance, $15 million.

But today the action is all in streaming television. And I prefer series, because of the depth, but "My Old Ass" works as a movie, because it's more about vibe than story, which is what a film usually conveys better than a multi-episodic production.

So it's set in the lake country of Canada, where I've never been but so many of my Canadian friends retreat in the summer. Not that different from New England lake country, but I haven't been there recently either.

It's the middle of nowhere, and in less than a month, young Elliott, played so naturally by fresh-faced Maisy Stella, will decamp for Toronto, for the U of T.

She's itching to leave, but knows she can always return.

Or is that not the way life works. What you think is still available...is it ultimately gone?

And she's young and brassy and confident but then she encounters old Elliott, Aubrey Plaza, who is not as excited at the age of 39 and young Elliott is confused, but ultimately decides to take Aubrey/Elliott's counsel.

So...

Nothing could be more different from what we've been concerned with in the world this past week. Sure, there are smartphones, but no politics, and no judgment of the internet.

But there are questions of friendship and sexuality and...

I saw that "My Old Ass" had finally made it to Prime, sooner than usual after debuting in the theatre, while I still remembered the reviews, which were good. And I turned it on...

And didn't want to turn it off.

And in this world of so many choices, that is rare.

It's billed as sci-fi, but if you're thinking of lasers and futuristic landscapes, don't bother. Would I say it's a chick flick? Not exactly. It's not gooey, although there is passion, and it's very realistic.

This is the life we all live, which we don't see in the news. This is the soul fulfillment we're looking for.

I don't want to overhype it. "My Old Ass" is not deserving of an Oscar (although more people will see it than many films that do win Academy Awards), but it hits a note. Not nostalgia. It's not pulling at your heartstrings. It somehow encapsulates regular life, which we're living 24/7, and that's why it resonated with me.

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An Overview of Volatility Indexes
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A Message from Options Industry Council

Understanding volatility is important for those who trade options.

Join our upcoming webinar to learn how volatility indexes can provide insights that can help inform investment decisions.

On November 13th, we are hosting "Volatility Investing I: Volatility Index Overview," presented by The Options Industry Council® (OIC®) and led by OIC instructor Roma Colwell.

Explore what volatility indexes measure, how they are created, and why they can be a helpful tool for investors.

Click here to register now.

In this detailed session, you will learn about:

  • An overview of volatility indexes
  • What volatility indexes measure and how they are created
  • Why investors may choose to track volatility

Event details:

Webinar: Volatility Investing I: Volatility Index Overview
Date: Wednesday, November 13, 2024
Time: 3:30 PM CST
Where: Online
Duration: 1 hour

Warm Regards,
The Options Industry Council

P.S. By signing up, you'll also gain free access to OIC's on-demand webinar library, filled with educational resources to further your investing knowledge.

Secure Your Seat Now!

This message is a paid advertisement for Options Industry Council. Other than the compensation received for this advertisement sent to subscribers, Schaeffer's Investment Research Inc. recommends that investors do their own independent research and consult with a qualified investment professional before buying or selling any security. Investing is inherently risky. Past-performance is not indicative of future results. 


Trump 2.0 seen bad for PH remittances

Remittances to the Philippines and receipts from the business process outsourcing sector ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌     ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌     ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌     ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌     ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌     

 

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November 11, 2024

 

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ECONOMY

Trump 2.0 seen bad for PH remittances


Remittances to the Philippines and receipts from the business process outsourcing sector could take a hit from US President-elect Donald Trump's hardline immigration policies, said Japanese investment bank Nomura.


By Ian Nicolas P. Cigaral

 

TRADE

Forecast: PH to hit record rice imports in '25


The Philippines may reach new record overseas rice purchases until next year as it tries to meet an increasing demand for this staple food from a growing population. 


By Jordeene B. Lagare

 

BOARDTALK

Wanted: More electronics engineers


According to Avondo, Philippine institutions of higher learning were not graduating enough electronics and communications engineers (ECE) to meet the demand. Also, students were choosing engineering fields that were popular and/or were more familiar with the prospective work. 


By Linda B. Bolido

 

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BIZ BUZZ

Ernest Cu toasts to GCash success


GCash, which recently celebrated its 20th anniversary, showcased its journey at the annual Singapore Fintech Festival (SFF) last week in Singapore Expo. Its key officials, including parent company Mynt top honcho Martha Sazon, were busy manning their booth visited by a lot of individuals intrigued by the e-wallet's success in the Philippines. 


By Tyrone Jasper C. Piad

 

INQUIRER PLUS-EXCLUSIVE

FLI sees P1.8B in sales from new Iloilo township


Developer Filinvest Land Inc. (FLI) has broken ground for a new township in Iloilo province, with the Gotianun-led firm expecting at P1.8 billion in sales from the residential component alone as demand for properties outside Metro Manila rises.


By Meg J. Adonis


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