Asos Says It Will Take ‘Necessary Actions’ After 18% Drop in Sales
Asos has said it will take “necessary actions” to transform its fortunes after the fast fashion retailer’s first-half losses widened and sales fell by nearly a fifth.
Magazines
The Shared Future of Marie Claire and Who What Wear
Now under the ownership of British publisher Future, both Marie Claire and WhoWhatWear are contending with how to grow their new parent’s US operations in the ever-challenging media landscape.
Vogue World to Kick Off Couture Week With Olympics Tribute
The production will take place on June 23rd on Place Vendôme and feature fashion content overseen by Carine Roitfeld, Ibrahim Kamara and fashion historian Alexandre Samson.
Margaret Zhang to Exit Vogue China
Condé Nast said it is searching for a successor to take over after Zhang, whose appointment never became less divisive.
‘Another Man’ To Relaunch as Bi-Annual Print Magazine
Dazed Media will resume publication of Another Man, the menswear-focussed offshoot of Jefferson Hack’s Another, in April 2024 as a bi-annual print magazine.
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Vanessa Kingori to Exit Condé Nast, Join Google
Condé Nast Britain's chief business officer will join Google UK as managing director of technology.
Media
The BoF Podcast | Gabriella Karefa-Johnson on Building a Better Fashion Industry
The stylist and fashion editor reveals to BoF founder and editor-in-chief Imran Amed why she resigned from Vogue and how she is channelling her influence and energy to support that next generation of fashion talent.
The BoF Podcast | Gabriella Karefa-Johnson on Building a Better Fashion Industry
The stylist and fashion editor reveals to BoF founder and editor-in-chief Imran Amed why she resigned from Vogue and how she is channelling her influence and energy to support that next generation of fashion talent.
Media
Bustle Owner BDG’s Plan to Survive the Online Ad Slump: Pivot to Luxury
Bryan Goldberg’s rollup firm has struggled to turn its portfolio of well-known, if faded properties into a viable business amid sweeping changes in the online media economy. Now, BDG is going after wealthier readers, starting with a revival of Nylon’s print edition.
Bustle Owner BDG’s Plan to Survive the Online Ad Slump: Pivot to Luxury
Bryan Goldberg’s rollup firm has struggled to turn its portfolio of well-known, if faded properties into a viable business amid sweeping changes in the online media economy. Now, BDG is going after wealthier readers, starting with a revival of Nylon’s print edition.
Karlie Kloss Is Acquiring i-D Magazine
Karlie Kloss, the model turned investor and entrepreneur, is acquiring the British fashion and culture publication i-D Magazine.
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With Unseen Andy Warhol Cover, Beauty Papers Sets Sights on Art Crowd
The bi-annual magazine will unveil its 11th issue during Frieze London.
Magazines Bet on Memberships
Elle UK launched its first reader membership programme on Thursday, part of a broader initiative at Hearst UK to monetise its brands.
Chioma Nnadi to Lead British Vogue
The editor of Vogue.com will become British Vogue’s head of editorial content, Condé Nast announced, as editor-in-chief Edward Enninful prepares to step back from the title.
Lindsay Peoples Made The Cut More Diverse. What’s Next?
Two years into her role as editor-in-chief, New York Magazine’s fashion vertical is a more diverse publication, but also one that’s operating in a different environment than it was in 2021.
The News in Brief
TikTok Divest-or-Ban Bill Heads to Fast Track in US Congress
The effort to force TikTok’s Chinese parent company ByteDance Ltd to divest its ownership of the social media platform would quickly become law under a plan outlined Wednesday by House Speaker Mike Johnson.
Lagardère Group Launches Egyptian Edition of Elle Magazine
The French publisher has appointed Tunis-based firm Nissa Editions Group as the local licensing partner and Cairo-based fashion media veteran Susan Sabet as both managing director and editor-in-chief of the new title.
Report: FTC to Consider Blocking Tapestry’s $8.5 Billion Capri Takeover
The US Federal Trade Commission (FTC) is preparing to sue to block Coach parent Tapestry’s $8.5 billion deal to buy Michael Kors owner Capri Holdings, NYT Dealbook reported on Wednesday, citing people familiar with the matter.
Harvey Nichols Appoints New CEO
Harvey Nichols has named Julia Goddard chief executive following the departure of Manju Malhotra — who held the post for 25 years — in late 2023.
Emerging Designer Platform The Folklore Raises $3.4 Million
The capital injection will strengthen the company’s earlier pivot from being an African designer e-commerce site to being a business-to-business venture helping emerging brands enter global retailers.
Adidas Is Seeing Hot Demand for Sambas and Yeezys
The German sportswear company now expects to generate operating profit of around €700 million ($743 million), an increase from the previous target of €500 million.
Sephora, Perfumes and Cosmetics Drive LVMH Sales Growth
Amid a luxury slowdown, strong performance by LVMH’s perfumes and cosmetics and selective retailing divisions show a healthy appetite for beauty.