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Published by Fashion Business Daily — Lantern Podcasts
Fashion Business Daily is a weekday briefing on the business side of the fashion industry. Each episode covers luxury group earnings and strategy at LVMH, Kering, Hermes, Richemont, and Prada; creative director appointments and designer moves at the major houses; retail news from Zara, H&M, Shein, and the department stores; the sneaker and streetwear business at Nike, adidas, and the challenger brands; and the deals reshaping the industry, from mergers and acquisitions to IPOs and brand investments. We also track tariffs and supply chains, the resale and secondhand market, fashion tech and AI, and the economics behind fashion week. For people who work in fashion, retail, or luxury goods, and anyone who wants the business story behind the brands they wear.
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Hugo Boss lowers its sales and profit guidance after a weaker third quarter, its first results since Frasers Group took majority control. Plus, Marks & Spencer's fashion arm grows in a shrinking UK clothing market, and Interbrand puts Hermès ahead of Louis Vuitton while Gucci's brand value falls almost a third. In this episode: 1. Hugo Boss lowers outlook on softer demand in Q3 - FashionNetwork USA — FashionNetwork https://us.fashionnetwork.com/news/Hugo-boss-lowers-outlook-on-softer-demand-in-q3,1881602.html 2. M&S profit more than doubles, beats estimates on strong sales By Investing.com — Vahid Karaahmetovic https://www.investing.com/news/earnings/ms-profit-more-than-doubles-beats-estimates-on-strong-sales-4997632 3. Hermès overtakes Louis Vuitton as world’s most valuable luxury brand, for the first time – CPP-LUXURY — CPP-LUXURY https://cpp-luxury.com/hermes-overtakes-louis-vuitton-as-worlds-most-valuable-luxury-brand-for-the-first-time/ Follow and rate Fashion Business Daily on Apple Podcasts. Feedback? Email fashion-business-daily@lanternpodcasts.com
A Paris court put BHV Marais into bankruptcy protection on Monday, with the court document calling it insolvent, and Style Capital bought N°21 out of the Gilmar restructuring. In Australia, the Financial Review reports that David Jones's owner is in advanced talks with landlords about closing more than half its stores. In this episode: 1. Iconic Paris department store BHV Marais granted bankruptcy protection - France 24 — France 24 https://www.france24.com/en/france/20261102-storied-paris-department-store-bhv-marais-granted-bankruptcy-protection 2. Style Capital takes control of N°21 - FashionNetwork USA — FashionNetwork https://us.fashionnetwork.com/news/Style-capital-takes-control-of-n-21,1881092.html 3. Clock ticking on historic retailer just before holidays — Aap https://aapnews.aap.com.au/news/clock-ticking-on-historic-retailer-just-before-holidays Follow and rate Fashion Business Daily on Apple Podcasts. Feedback? Email fashion-business-daily@lanternpodcasts.com
KMD Brands, owner of Rip Curl and Kathmandu, has granted Bluestar Alliance exclusivity on a possible takeover, while The Times reports Modella Capital is weighing a bid for Onward's Joseph. In Seoul, Musinsa Standard names JiyongKim founder Kim Ji-yong creative director of its menswear. In this episode: 1. Rip Curl’s owner in takeover talks with US retail giant — The Sydney Morning Herald https://www.smh.com.au/business/companies/rip-curl-s-owner-in-takeover-talks-with-us-retail-giant-20261102-p61alr.html 2. Jospeh brand is latest target for Modella Capital - report - FashionNetwork USA — FashionNetwork https://us.fashionnetwork.com/news/Jospeh-brand-is-latest-target-for-modella-capital-report,1880861.html 3. Musinsa Standard recruits designer Kim Ji-yong of 'JiyongKim' to strengthen global competitiveness - First-Class Business Newspaper Financial News — Financial News https://en.fnnews.com/news/202611021505018651 Follow and rate Fashion Business Daily on Apple Podcasts. Feedback? Email fashion-business-daily@lanternpodcasts.com
Capri Holdings beat expectations and nudged up its full-year outlook as Jimmy Choo grew and Michael Kors cut promotions, while a Commission document seen by Reuters puts Europe's cheap-parcel fees at six billion euros a year just as a new two-euro charge arrives. Nanushka has closed all its stores and cut to 20 staff while it negotiates a restructuring. In this episode: 1. Capri Holdings Limited Reports Second Quarter Fiscal 2027 Results — Business Wire https://www.businesswire.com/news/home/20261030961353/en/Capri-Holdings-Limited-Reports-Second-Quarter-Fiscal-2027-Results 2. Exclusive-EU fees that hit cheap Shein, Temu parcels could raise €6 billion, document shows | live — Euronext https://live.euronext.com/en/financial-news/exclusive-eu-fees-hit-cheap-shein-temu-parcels-could-raise-eu6-billion-document 3. Nanushka Struggles Amid Losses and Debt | BoF — Sarah Kent https://www.businessoffashion.com/news/luxury/nanushka-debt-losses-hungarian-brand/ Follow and rate Fashion Business Daily on Apple Podcasts. Feedback? Email fashion-business-daily@lanternpodcasts.com
The RealReal reported record third-quarter GMV of $642 million and raised its full-year outlook, while Crocs raised guidance for a third time as HEYDUDE returned to growth. Former Dior and Carven designer Serge Ruffieux says he has joined Inditex as design director for John Galliano's Zara collections. In this episode: 1. The RealReal, Inc - THE REALREAL ANNOUNCES THIRD QUARTER 2026 RESULTS — The RealReal https://investor.therealreal.com/news/news-details/2026/THE-REALREAL-ANNOUNCES-THIRD-QUARTER-2026-RESULTS/default.aspx 2. Crocs, Inc. - Crocs, Inc. Reports Strong Third Quarter 2026 Results; Raises Full-Year 2026 Outlook — Crocs https://investors.crocs.com/news-and-events/press-releases/press-release-details/2026/Crocs-Inc--Reports-Strong-Third-Quarter-2026-Results-Raises-Full-Year-2026-Outlook/ 3. Inditex appoints former Dior and Carven creative director Serge Ruffieux as design director for John Galliano at Zara — FashionUnited https://fashionunited.com/news/people/inditex-appoints-former-dior-and-carven-creative-director-serge-ruffieux-as-design-director-for-john-galliano-at-zara/2026102975472 Follow and rate Fashion Business Daily on Apple Podcasts. Feedback? Email fashion-business-daily@lanternpodcasts.com
Shein warns that stalled renewals of Mexico's T1 courier permits put its business there at risk, while Adidas's full third-quarter results show apparel up 19 percent and lifestyle footwear still stuck. VF Corp beats its own guidance as Vans' direct business grows for the first time in almost five years. In this episode: 1. Shein Warns of Online Shopping Chaos Over Permit Delay in Mexico | BoF — The Business of Fashion https://www.businessoffashion.com/news/retail/shein-warns-of-online-shopping-chaos-over-permit-delay-in-mexico/ 2. Adidas revenue surges, powered by apparel and performance sports — Bloomberg https://www.moneycontrol.com/news/business/adidas-revenue-surges-powered-by-apparel-and-performance-sports-14063348.html 3. VF Corporation Exceeds Guidance in Second Quarter Fiscal 2027 :: VF Corporation (VFC) — Vfc https://www.vfc.com/investors/news-events-presentations/press-releases/detail/1872/vf-corporation-exceeds-guidance-in-second-quarter-fiscal Follow and rate Fashion Business Daily on Apple Podcasts. Feedback? Email fashion-business-daily@lanternpodcasts.com
Paris department store BHV Marais asks for court-supervised administration and blames its landlord, Brookfield, which denies owing anything, while Italian licensee Gilmar plans to wind down its Iceberg and No. 21 licensing business. Roots completes its C$160.7 million sale to Marquee Brands, and CEO Meghan Roach steps down. In this episode: 1. BHV Marais seeks to be placed under court-supervised administration - FashionNetwork USA — FashionNetwork https://us.fashionnetwork.com/news/Bhv-marais-seeks-to-be-placed-under-court-supervised-administration,1879617.html 2. No. 21, Iceberg Licensee Gilmar Files for Restructuring - WWD — Wwd https://wwd.com/business-news/business-features/no-21-iceberg-licensee-gilmar-files-restructuring-1239387452/ 3. Roots Corporation Completes Go-Private Transaction and Announces Leadership Transition — Business Wire https://www.businesswire.com/news/home/20261026388663/en/Roots-Corporation-Completes-Go-Private-Transaction-and-Announces-Leadership-Transition Follow and rate Fashion Business Daily on Apple Podcasts. Feedback? Email fashion-business-daily@lanternpodcasts.com
The Australian Financial Review reports that David Jones broke a loan covenant and its lender Hilco could wind it up, though Hilco says it remains supportive and has just funded Christmas stock. Marc Jacobs's new owners hand the Greater China business to I.T Group under a long-term license, and Debenhams posts its first pre-tax profit since 2021. In this episode: 1. David Jones: Retail icon on life support as directors weigh insolvency | Nine.com.au — Nine.com.au https://www.nine.com.au/australia-news/david-jones-on-life-support-as-directors-weight-insolvency-20261027-p618ta.html 2. Marc Jacobs partners with I.T Group to expand in Greater China - FashionNetwork USA — Jennifer Braun https://us.fashionnetwork.com/news/Marc-jacobs-partners-with-i-t-group-to-expand-in-greater-china,1879275.html 3. Debenhams Posts First-Half Profit, Ending More Than Five Years in the Red | Modaes Global — Modaes https://www.modaes.com/global/companies/debenhams-returns-to-profit-in-the-first-half-of-the-year-after-more-than-five-years-in-the-red Follow and rate Fashion Business Daily on Apple Podcasts. Feedback? Email fashion-business-daily@lanternpodcasts.com
Louis Vuitton hires Tiffany's Hector Muelas into a new chief brand creative officer post, Nike and Our Legacy announce a running line for spring 2027, and Indian supplier Gokaldas Exports tells Reuters it wants Europe to make up as much as 30 percent of its exports. In this episode: 1. Louis Vuitton appoints Hector Muelas as new chief brand creative officer - FashionNetwork USA — FashionNetwork https://us.fashionnetwork.com/news/Louis-vuitton-appoints-hector-muelas-as-new-chief-brand-creative-officer,1878966.html 2. Nike and Our Legacy Team on New Running Line | BoF — Lei Takanashi https://www.businessoffashion.com/news/sports/nike-our-legacy-collaboration/ 3. Gokaldas Exports looks beyond US, eyes doubling Europe's share as tariff uncertainty persists — Moneycontrol https://www.moneycontrol.com/news/business/gokaldas-exports-looks-beyond-us-eyes-doubling-europe-s-share-as-tariff-uncertainty-persists-14059917.html Follow and rate Fashion Business Daily on Apple Podcasts. Feedback? Email fashion-business-daily@lanternpodcasts.com
Adidas's preliminary third quarter brought record revenue and operating income while Nike shrinks, and Reuters finds Birkin resale premiums falling as more bags reach the secondhand market. Puck reports Martine Rose has signed to replace Pierpaolo Piccioli at Balenciaga, which Kering has not confirmed. In this episode: 1. How High Can Adidas Climb? | BoF — Mike Sykes https://www.businessoffashion.com/briefings/sports/how-high-can-adidas-climb/ 2. How the Hermes Birkin is losing its scarcity appeal - The Business Times — The Business Times https://www.businesstimes.com.sg/lifestyle/style-travel/end-era-how-hermes-birkin-losing-its-scarcity-appeal 3. Martine Rose Reportedly Set To Take Over Balenciaga — New Wave https://www.newwavemagazine.com/single-post/martine-rose-reportedly-set-to-take-over-balenciaga-what-could-be-behind-the-change Follow and rate Fashion Business Daily on Apple Podcasts. Feedback? Email fashion-business-daily@lanternpodcasts.com
Frasers Group crossed 50 percent of Hugo Boss on Friday, making the German brand a subsidiary of Mike Ashley's group. Reuters reports Shein will pay $100 million to settle a US FTC probe over deliveries, and Zegna posted growth in China in a season when its luxury peers mostly shrank there. In this episode: 1. Mike Ashley's Frasers Says It's Taken Control of Hugo Boss — The Business of Fashion https://www.businessoffashion.com/news/retail/mike-ashleys-frasers-says-its-taken-control-of-hugo-boss/ 2. Exclusive-Fast-fashion group Shein agrees to pay $100 million to settle US FTC probe — Streetinsider https://www.streetinsider.com/Reuters/Exclusive-Fast-fashion+group+Shein+agrees+to+pay+%24100+million+to+settle+US+FTC+probe/27226010.html 3. Luxury: a mixed picture in the first nine months – Zegna posts growth, whilst China weighs on Hermès - Il Sole 24 ORE — Chiara Beghelli https://en.ilsole24ore.com/art/luxury-sector-mixed-results-in-the-first-nine-months-zegna-posts-growth-herms-struggles-china-weighs-heavily-AJErJ1rB Follow and rate Fashion Business Daily on Apple Podcasts. Feedback? Email fashion-business-daily@lanternpodcasts.com
Kering's Q3 sales fell 1% on a comparable basis as Gucci dropped 6%, and the shares fell 11% on Friday. Prada grew just 1% as Miu Miu fell for the first time in more than four years, while Deckers posted record revenue with help from tariff refunds. In this episode: 1. Kering Sales Down 1% as China Weighs on Gucci Revamp | BoF — The Business of Fashion https://www.businessoffashion.com/news/luxury/kering-sales-slide-1-percent/ 2. Prada Q3 Sales Up 1%, as Miu Miu Slows for First Time in Four Years | BoF — The Business of Fashion https://www.businessoffashion.com/news/luxury/prada-q3-sales-up-1-as-miu-miu-slows-for-first-time-in-four-years/ 3. Deckers Brands Reports Second Quarter Fiscal Year 2027 Financial Results :: Deckers Outdoor Corporation (DECK) — Deckers https://ir.deckers.com/news-events/press-releases/detail/666/deckers-brands-reports-second-quarter-fiscal-year-2027-financial-results Follow and rate Fashion Business Daily on Apple Podcasts. Feedback? Email fashion-business-daily@lanternpodcasts.com
Hermès missed third-quarter expectations as ready-to-wear and accessories shrank on weak Chinese demand, while Moncler's revenue was flat with Stone Island doing the lifting. Castore is in early sale talks with Anta Sports, Li Ning and US footwear brands, with no deal agreed. In this episode: 1. Hermes revenue growth slows as weak China demand hits accessories | live — live https://live.euronext.com/en/financial-news/hermes-revenue-growth-slows-weak-china-demand-hits-accessories 2. Moncler Reports Flat Q3 Revenue on Weak Tourist Spending in Europe | BoF — Reuters https://www.businessoffashion.com/news/luxury/moncler-reports-flat-q3-revenue-on-weak-tourist-spending-in-europe/ 3. Castore in sale talks with Anta Sports and Li Ning as backers eye exit - TheIndustry.fashion — TheIndustry.fashion https://www.theindustry.fashion/castore-in-sale-talks-with-anta-sports-and-li-ning-as-backers-eye-exit/ Follow and rate Fashion Business Daily on Apple Podcasts. Feedback? Email fashion-business-daily@lanternpodcasts.com
Ferragamo's third-quarter revenue fell 3.5% as China weakened and wholesale shrank, a setback after its second-quarter return to growth. British label ME+EM grew revenue 29% on US demand, while Fortune reports Converse is weighing on Nike's turnaround. In this episode: 1. Ferragamo Quarterly Sales Decline in Setback For Turnaround Efforts | BoF — The Business of Fashion https://www.businessoffashion.com/news/luxury/ferragamo-quarterly-sales-decline-in-setback-for-turnaround-efforts/ 2. ME+EM profit jumps 53% as US growth lifts revenue to £190m - TheIndustry.fashion — Catherine Rowe-Kosary https://www.theindustry.fashion/me-em-reports-profit-growth/ 3. Nike's turnaround is stalling, and its Converse brand is a ... — Phil Wahba https://finance.yahoo.com/markets/stocks/articles/nike-turnaround-stalling-converse-brand-070000440.html Follow and rate Fashion Business Daily on Apple Podcasts. Feedback? Email fashion-business-daily@lanternpodcasts.com
Seán McGirr exits McQueen as Kering clears out its creative ranks ahead of Thursday's results, while BoF flags a cooling American luxury shopper going into reports from Hermès, Kering and Prada. Plus, August data shows US apparel tariffs rising again under Section 301. In this episode: 1. Seán McGirr Departs McQueen | Vogue — Laure Guilbault https://www.vogue.com/article/sean-mcgirr-departs-mcqueen 2. Luxury’s US Lifeline May Be Wearing Thin | BoF — Eric Sylvers https://www.businessoffashion.com/briefings/luxury/luxurys-us-lifeline-may-be-wearing-thin/ 3. August Apparel Tariffs Climb to 22.7% as Section 301 Reshapes Sourcing — Softgoods Report — Grace Kim https://www.softgoodsreport.com/articles/august-apparel-tariffs-climb-to-22-7-as-section-301-duties-reshape-sourcing-flow-ae2c046c Follow and rate Fashion Business Daily on Apple Podcasts. Feedback? Email fashion-business-daily@lanternpodcasts.com
LVMH opened luxury's third-quarter season with fashion and leather goods down 5%, worse than consensus, as Chinese demand weakened. Shein's UK filings show £2.58bn in sales ahead of the end of the £135 duty break, and a Fashionphile report has Matthieu Blazy's Chanel bags reselling above retail. In this episode: 1. LVMH’s Fashion Sales Fall 5% in Q3 | Vogue — Vogue https://www.vogue.com/article/lvmhs-fashion-sales-fall-5-in-q3 2. Shein's UK sales hit £2.58bn as £135 duty break nears its end — The Founder Gazette — The Founder Gazette https://www.thefoundergazette.com/stories/sheins-uk-sales-hit-2-58bn-as-135-duty-break-nears-its-end 3. Matthieu Blazy’s Arrival at Chanel Sent Secondhand Prices Soaring Above Retail Ones, Says New Report — Samantha Conti https://finance.yahoo.com/media-advertising/articles/matthieu-blazy-arrival-chanel-sent-040100184.html Follow and rate Fashion Business Daily on Apple Podcasts. Feedback? Email fashion-business-daily@lanternpodcasts.com
Kim Jones, the former Dior Men and Fendi artistic director, is reviving his namesake label as a direct-to-consumer lifestyle brand, launching online in mid-2027 with a Hong Kong flagship. Also: AI-generated imagery takes aim at the catalog shoot, and Grunt Style closes most of its stores. In this episode: Top stories: 1. What Kim Jones Did Next | BoF — The Business of Fashion https://www.businessoffashion.com/articles/luxury/what-kim-jones-did-next/ 2. Lumesa CEO Vita Mallela on AI models, inclusivity and the end of the catalog shoot — FashionUnited https://fashionunited.com/news/business/ai-promises-inclusive-fashion-imagery-at-what-cost/2026101375080 3. ‘ACOTAR’ is the latest franchise that brands are clamoring to collaborate with — Modern Retail https://www.modernretail.co/marketing/acotar-is-the-latest-franchise-that-brands-are-clamoring-to-collaborate-with/?utm_campaign=modernretaildis&utm_medium=rss&utm_source=general-rss 4. Grunt Style closures will cost 19 San Antonio retail workers their jobs by Nov. 30 – Main Street Dollars — Main Street Dollars https://mainstreetdollars.com/10663/grunt-style-closures-will-cost-19-san-antonio-retail-workers-their-jobs-by-nov-30/ Follow and rate Fashion Business Daily on Apple Podcasts. Feedback? Email fashion-business-daily@lanternpodcasts.com
Saint Laurent's next designer has already been chosen, Kering told analysts. The brief points to daywear, menswear, leather goods and a China push, though Bernstein warns the group's creative-director track record adds risk. Universal Standard also tests size inclusion as GLP-1 use spreads. In this episode: Top stories: 1. Saint Laurent Set for ‘New Chapter’ — WWD https://wwd.com/fashion-news/designer-luxury/saint-laurent-new-chapter-chemena-kamali-vaccarello-1239335688/ 2. Universal Standard’s x Abisola collab makes a business case for size inclusion amid the GLP-1 boom — Glossy https://www.glossy.co/fashion/universal-standard-us-x-abisola-inclusive-sizing-glp-1/?utm_campaign=glossydis&utm_medium=rss&utm_source=general-rss 3. Spin Is a Fendi-Approved Fashiontech Start-up Readying Smart Products — WWD https://wwd.com/sustainability/innovation/spin-fendi-approved-fashiontech-smart-products-1239318770/ Follow and rate Fashion Business Daily on Apple Podcasts. Feedback? Email fashion-business-daily@lanternpodcasts.com
Nike's first quarter without a tariff refund lifted gross margin 60 basis points, but guidance points to a high-single-digit revenue decline and most Pace savings arrive only in fiscal 2029 and 2030. Meanwhile Prime Day lifted apparel basics, and LVMH and Kering toughened their model charter. In this episode: Top stories: 1. Nike Q1 FY2027: the quarter after the tariff refund, and Pace · Convexity — Convexity https://convexityos.com/blog/nike-q1-fy2027 2. How Amazon Fall Prime Day went for sellers — Modern Retail https://www.modernretail.co/marketing/how-amazon-fall-prime-day-went-for-sellers/?utm_campaign=modernretaildis&utm_medium=rss&utm_source=general-rss 3. LVMH and Kering Widen Protection of Models Under Joint Charter — WWD https://wwd.com/fashion-news/designer-luxury/lvmh-kering-model-charter-wellbeing-age-1239319235/ Follow and rate Fashion Business Daily on Apple Podcasts. Feedback? Email fashion-business-daily@lanternpodcasts.com
Saint Laurent confirmed Anthony Vaccarello's exit after a decade, putting Kering's second-biggest brand into creative transition ahead of Q3 sales. Elsewhere: Aritzia posts 44% revenue growth, Chanel and F.P. Journe buy Ebel, and Paris buyers push back on luxury pricing. In this episode: Top stories: 1. Anthony Vaccarello Bows Out at Saint Laurent | British Vogue — British Vogue https://www.vogue.co.uk/article/anthony-vaccarello-leaves-saint-laurent 2. Aritzia Inc - Aritzia Reports Second Quarter Fiscal 2027 Financial Results — Aritzia https://investors.aritzia.com/investor-news/press-release-details/2026/Aritzia-Reports-Second-Quarter-Fiscal-2027-Financial-Results/default.aspx 3. Chanel and F.P. Journe to Acquire Watchmaker Ebel - WWD — WWD https://wwd.com/business-news/mergers-acquisitions/chanel-f-p-journe-acquire-watchmaker-ebel-movado-1239333589/ 4. Luxury Briefing: Can louder clothes loosen luxury’s purse strings? — Glossy https://www.glossy.co/fashion/luxury/luxury-briefing-luxury-shoppers-price-limit/?utm_campaign=glossydis&utm_medium=rss&utm_source=general-rss Follow and rate Fashion Business Daily on Apple Podcasts. Feedback? Email fashion-business-daily@lanternpodcasts.com
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