United States Archive

Empty Space Haunts Fifth Avenue as Retailers Balk at Rent Hikes

NEW YORK, United States — Landlords on Manhattan’s Fifth Avenue are sitting on a record amount of open space as retailers balk at committing to expensive new leases in one of the world’s most prestigious shopping districts. The availability rate on the famed strip, home to Saks Fifth Avenue and Tiffany & Co.’s flagship store, jumped to 15.9 percent in the third quarter, up from …

British Fashion Council Announces Nominees for The Fashion Awards 2016

LOS ANGELES, United States — Jonathan Anderson, Alessandro Michele and Christopher Kane have all been nominated in multiple categories for The Fashion Awards 2016. Dame Natalie Massenet, chairman of the British Fashion Council, announced the nominations during a brunch at Soho House West Hollywood, alongside Karlie Kloss, ambassador for the event’s lead partner Swarovski, and Caroline Rush, BFC chief executive officer. Roksanda Illincic, Simone Rocha and Sarah Burton for Alexander McQueen …

Building Great Bowery, Fashion's Super-Agency

NEW YORK, United States — 190 Bowery is one of the most mythic buildings in all of Gotham. Erected in 1898 as the Germania Bank, it was abandoned and decrepit by the time the photographer Jay Maisel raised $102,000 — less than half of what it cost to build — to purchase the building in 1966. Maisel and his family lived and worked in its …

BoF Exclusive | Estée Lauder Buys Becca Cosmetics

NEW YORK, United States – The Estée Lauder Companies, Inc., the American beauty conglomerate that owns brands like Clinique, Bobbi Brown and MAC, has signed an agreement to acquire Becca Cosmetics from beauty incubator Luxury Brand Partners. The terms of the deal were not disclosed, although industry sources suggest the conglomerate paid around $200 million for the business, which was founded in 2001 and is set …

Watch Out Wal-Mart. Amazon Is Coming After the Grocery Business

SEATTLE, United States — For years, Wal-Mart Stores Inc. has followed Amazon.com Inc., putting inventory online and starting its own version of a marketplace where third-party merchants can sell their wares. Now Amazon is returning the favour. The e-commerce behemoth is building pickup locations for groceries in Seattle that could open by the end of the year, according to someone familiar with the plans, echoing a …

Raf Simons Moves Show to New York Fashion Week: Men's

NEW YORK, United States — Raf Simons is to show his Autumn/Winter 2017 Men’s Collection at New York Fashion Week: Men’s. The show, which will take place on February 1 next year, will be the first time the designer is presenting his namesake collection in New York, having shown at Paris Men’s Fashion Week since 1997 and at Florence’s Pitti Uomo in June. Simons’ move represents …

Chinese Manufacturer to Open $20 Million Factory In US

LITTLE ROCK, United States — Arkansas Gov. Asa Hutchinson says a Chinese manufacturer that makes apparel under the Adidas, Reebok and Armani brands will open a factory in Arkansas, creating 400 jobs. Hutchinson said Thursday that the state has signed a memorandum of understanding with Suzhou Tianyuan Garments Company. The governor is on a trade mission in China and he spoke to reporters via Skype. …

BoF Exclusive | Victoria Beckham Partners With Target

NEW YORK, United States — Victoria Beckham celebrated two five-year milestones in 2016. This year marked five years since the birth of her daughter Harper and five years since the birth of her playful second line, Victoria, Victoria Beckham. So it seems natural that the two would serve as points of inspiration for her latest project, a limited-edition collection for Target set to launch April …

Furlenco’s $30 million raise shows furniture rental is working for Indian millennials

The idea of ownership in the American economy has changed so much in recent years that it’s easy to forget the once high level of importance placed on it. If we think back, most of us can remember at-least one conversation with our parents about Uber or Airbnb that resulted in a lecture about the dangers of using other people’s things. Ajith Mohan Karimpana, the founder and CEO …

Creative and Management Shake-up at Condé Nast Gathers Pace

NEW YORK, United States — And so it begins. Today, Condé Nast chief executive Bob Sauerberg sent a memo to employees vaguely outlining the next steps in what may be the greatest restructuring ever to take place at the company, set to fundamentally shift how the storied publishing house runs its business. Moving forward, Condé Nast will be restructured around five groups — roughly categorised as business, …