<![CDATA[Fashion in Five]]>fa61fca4-904f-5e8f-97c1-449e17f82201Fri, 31 Jul 2026 10:03:26 +0000Captivate.fmFivewirehttps://artwork.captivate.fm/5ae1a4cf-62c2-4657-a4f3-3f9fc8b49630/fashion-cover-b2.pngFashion in FiveFivewireFivewireFashion in Five is the daily five-minute brief on the fashion business: the five stories that matter, every weekday. Deals and results, creative and executive moves, retail and wholesale, and the shifts moving luxury, apparel and resale, across prestige and mass. Curated daily, sourced and straight. For brands, retailers and the investors and operators building the category. Walk in already caught up. In the know. In five.https://fashioninfive.comfalseepisodicyespodcastAdidas Takes Its Worst Day, and Reformation Prices LowAdidas Takes Its Worst Day, and Reformation Prices LowAdidas Shares Fall After World Cup Marketing Spend. The Business of Fashion reports Adidas shares fell the most on record after World Cup marketing costs pushed quarterly profit below expectations, putting the cost side of event sponsorship in front of brand and media planners. (The Business of Fashion, Drapers)

Hermès Second-Quarter Sales Up 7%, China Lags. The Business of Fashion reports Hermès second-quarter sales rose 7 percent on European tourism and US demand, while Chinese performance disappointed, sharpening a regional split buyers are already pricing in. (The Business of Fashion)

Miu Miu Sales Growth Slows to 3% in Quarter. The Business of Fashion reports Miu Miu quarterly sales grew 3 percent, in line with the prior quarter, giving the trade a first read on whether the brand's surge is levelling off. (The Business of Fashion, nss magazine)

Reformation Valued at $886 Million in NYSE Debut. The Business of Fashion and WWD report Reformation and some shareholders raised $211 million in a New York Stock Exchange IPO, setting a public reference point for contemporary womenswear valuations. (The Business of Fashion, WWD, The Business of Fashion)

Also moving today:

Trump’s new wave of tariffs stir further uncertainty (Drapers)

Mango sales surge as it hails growth ‘ahead of wider market’ (Drapers)

Shein Will Struggle to Justify Up to $50 Billion Hong Kong IPO Valuation (The Business of Fashion, FashionNetwork.com)

Frasers increases Hugo Boss stake (Drapers)

Steven Madden Tops Expectations and Lifts Full-Year Outlook (The Business of Fashion)

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]]>Adidas Shares Fall After World Cup Marketing Spend. The Business of Fashion reports Adidas shares fell the most on record after World Cup marketing costs pushed quarterly profit below expectations, putting the cost side of event sponsorship in front of brand and media planners. (The Business of Fashion, Drapers)

Hermès Second-Quarter Sales Up 7%, China Lags. The Business of Fashion reports Hermès second-quarter sales rose 7 percent on European tourism and US demand, while Chinese performance disappointed, sharpening a regional split buyers are already pricing in. (The Business of Fashion)

Miu Miu Sales Growth Slows to 3% in Quarter. The Business of Fashion reports Miu Miu quarterly sales grew 3 percent, in line with the prior quarter, giving the trade a first read on whether the brand's surge is levelling off. (The Business of Fashion, nss magazine)

Reformation Valued at $886 Million in NYSE Debut. The Business of Fashion and WWD report Reformation and some shareholders raised $211 million in a New York Stock Exchange IPO, setting a public reference point for contemporary womenswear valuations. (The Business of Fashion, WWD, The Business of Fashion)

Also moving today:

Trump’s new wave of tariffs stir further uncertainty (Drapers)

Mango sales surge as it hails growth ‘ahead of wider market’ (Drapers)

Shein Will Struggle to Justify Up to $50 Billion Hong Kong IPO Valuation (The Business of Fashion, FashionNetwork.com)

Frasers increases Hugo Boss stake (Drapers)

Steven Madden Tops Expectations and Lifts Full-Year Outlook (The Business of Fashion)

Get Fashion in Five in your inbox every weekday: https://fashioninfive.com

]]>dccfb12a-4e47-4acb-94f2-87308ad958c7Fri, 31 Jul 2026 10:03:26 +000004:58falsefullAdidas shares fell the most on record after World Cup marketing spend pushed quarterly profit below expectations, The Business of Fashion reports, even as Drapers has first-half operating profit up 11 percent to 1.28 billion euros and a raised outlook. Hermès posted 7 percent second-quarter sales growth on European tourist traffic and US demand with China still the drag, while Miu Miu grew 3 percent and nss magazine has Prada Group revenue up 11 percent in the first half. Reformation was valued at 886 million dollars in its NYSE debut after pricing at the bottom of its range, plus tariff sourcing pressure, Mango's 7.2 percent turnover rise, Shein's Hong Kong listing math, Frasers lifting its Hugo Boss stake, and a raised Steven Madden forecast.Hermès Holds, Frasers Clears, Gucci BeatsHermès Holds, Frasers Clears, Gucci BeatsHermès reports 6.7% constant-currency sales growth in Q2. British Vogue reports Hermès' second-quarter sales rose 6.7% at constant exchange rates to €4.1 billion, roughly in line with analyst expectations, the top-end demand read brands will plan the second half against. (British Vogue)

Frasers' Hugo Boss offer now unconditional, Drapers reports. Drapers reports Frasers Group's Hugo Boss takeover bid has cleared European Commission merger control, making the offer unconditional and turning a stake story into a live ownership question. (Drapers)

Gucci beats forecasts; tourism cited in Hermès sales. A Fashionista roundup reports Kering shares jumped 10% after a narrower-than-expected Gucci decline, and points to U.S. and European tourism behind Hermès' sales, locating demand outside mainland China. (Fashionista, Luxury Daily, Drapers)

Also moving today:

Breakingviews - Big luxury's wealth-effect engine could backfire (Reuters)

AI Search Is Coming to Fashion Websites (The Business of Fashion)

British Fashion Council to Boost UK Fashion Beyond London (The Business of Fashion)

Harvey Nichols bidders urged to invest £60m for turnaround (Drapers, Drapers)

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]]>Hermès reports 6.7% constant-currency sales growth in Q2. British Vogue reports Hermès' second-quarter sales rose 6.7% at constant exchange rates to €4.1 billion, roughly in line with analyst expectations, the top-end demand read brands will plan the second half against. (British Vogue)

Frasers' Hugo Boss offer now unconditional, Drapers reports. Drapers reports Frasers Group's Hugo Boss takeover bid has cleared European Commission merger control, making the offer unconditional and turning a stake story into a live ownership question. (Drapers)

Gucci beats forecasts; tourism cited in Hermès sales. A Fashionista roundup reports Kering shares jumped 10% after a narrower-than-expected Gucci decline, and points to U.S. and European tourism behind Hermès' sales, locating demand outside mainland China. (Fashionista, Luxury Daily, Drapers)

Also moving today:

Breakingviews - Big luxury's wealth-effect engine could backfire (Reuters)

AI Search Is Coming to Fashion Websites (The Business of Fashion)

British Fashion Council to Boost UK Fashion Beyond London (The Business of Fashion)

Harvey Nichols bidders urged to invest £60m for turnaround (Drapers, Drapers)

Get Fashion in Five in your inbox every weekday: https://fashioninfive.com

]]>99c0eabb-7696-443d-b28f-f4088526d5c3Thu, 30 Jul 2026 09:05:36 +000005:13falsefullBritish Vogue reports Hermès grew second-quarter sales 6.7 percent at constant exchange rates to 4.1 billion euros, with leather goods up 10.2 percent and perfume and beauty down 9.5 percent, while the stock fell 7.5 percent in Wednesday morning trading. Drapers reports Frasers Group's Hugo Boss takeover offer has cleared European Commission merger control, making it unconditional, and Fashionista has Kering shares up 10 percent after Gucci's comparable sales fell just 2 percent against forecasts of roughly 3.3 percent. Also moving: Reuters Breakingviews on luxury's reliance on wealthier-feeling American consumers, The Business of Fashion on brands embedding ChatGPT-like tools in e-commerce and the British Fashion Council's Fashion Britain launch, and Drapers on Harvey Nichols bidders being told the turnaround needs up to 60 million pounds.Luxury's First Read: LVMH, Kering, and a New Name on Burberry's RegisterLuxury's First Read: LVMH, Kering, and a New Name on Burberry's RegisterLVMH Fashion Division Returns to Growth, Luxury Shares Rise. LVMH reported stronger second-quarter sales and a return to positive growth at Fashion & Leather Goods, giving the sector its first read on whether the luxury slowdown has bottomed. (Yahoo! Finance, Luxury Daily, Investing.com)

Kering Posts First Organic Growth in Three Years. Kering reported a 2 percent sales rise as Gucci's decline narrowed against estimates, an early test of whether the group's reset at its largest brand is registering in reported numbers. (The Business of Fashion)

Frasers Group Discloses Potential 4.2% Stake in Burberry. Mike Ashley's investment arm disclosed an interest worth a potential 4.2 percent of Burberry's voting rights, placing a large UK retail operator on the register mid-turnaround. (The Business of Fashion)

Also moving today:

Shein Discloses FTC Probe in US, Warns of Significant Payments (The Business of Fashion)

Back-to-school Spending Starts Strong as Consumers Stay Motivated and Deal-oriented, NRF Says (WWD)

Primark Cuts Prices Ahead of Split From AB Foods (The Business of Fashion)

Exclusive: Target aims to strengthen its tween business with new multi-year Pacsun partnership (Glossy)

Sweden Plans To Ban “Forever Chemicals” in Consumer Products By 2028 (WWD)

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]]>LVMH Fashion Division Returns to Growth, Luxury Shares Rise. LVMH reported stronger second-quarter sales and a return to positive growth at Fashion & Leather Goods, giving the sector its first read on whether the luxury slowdown has bottomed. (Yahoo! Finance, Luxury Daily, Investing.com)

Kering Posts First Organic Growth in Three Years. Kering reported a 2 percent sales rise as Gucci's decline narrowed against estimates, an early test of whether the group's reset at its largest brand is registering in reported numbers. (The Business of Fashion)

Frasers Group Discloses Potential 4.2% Stake in Burberry. Mike Ashley's investment arm disclosed an interest worth a potential 4.2 percent of Burberry's voting rights, placing a large UK retail operator on the register mid-turnaround. (The Business of Fashion)

Also moving today:

Shein Discloses FTC Probe in US, Warns of Significant Payments (The Business of Fashion)

Back-to-school Spending Starts Strong as Consumers Stay Motivated and Deal-oriented, NRF Says (WWD)

Primark Cuts Prices Ahead of Split From AB Foods (The Business of Fashion)

Exclusive: Target aims to strengthen its tween business with new multi-year Pacsun partnership (Glossy)

Sweden Plans To Ban “Forever Chemicals” in Consumer Products By 2028 (WWD)

Get Fashion in Five in your inbox every weekday: https://fashioninfive.com

]]>acfc4f48-fc7e-48a2-acff-18f47cbe42e7Wed, 29 Jul 2026 10:04:02 +000004:55falsefullEuropean luxury shares rose after LVMH's results, Yahoo Finance reports, with Kering, Hermes and L'Oreal higher while LVMH itself slipped about one and a half percent on doubts the fashion and leather goods improvement marks a sustained recovery. The Business of Fashion reports Kering posted organic growth for the first time in three years, with Gucci's second-quarter sales still negative but down less than expected, and separately reports that Mike Ashley's Frasers Group disclosed an interest worth a potential 4.2 percent of Burberry's voting rights, with no offer or board approach stated. Also moving: Shein's Hong Kong listing documents disclose an FTC investigation, the National Retail Federation reports a strong back-to-school start, Primark is cutting prices by up to 29 percent ahead of its spin-off, Target and Pacsun sign a tween partnership, and Sweden plans a 2028 ban on forever chemicals in consumer products.LVMH Stops Shrinking, Jewels Pull AheadLVMH Stops Shrinking, Jewels Pull AheadLVMH fashion division returns to growth, WWD reports. Organic sales at LVMH's fashion and leather goods division rose 1 percent in the second quarter, ending seven straight quarters of decline and giving the trade a first read on whether the slowdown has bottomed. (WWD, The Business of Fashion)

Reuters: jewellery mix seen dividing luxury groups. Reuters reports investors are focusing on jewellery exposure as fashion sales stay weak, a framing that shapes how buyers, brand teams and suppliers read where luxury investment moves next. (Reuters, FashionNetwork.com, US News & World Report)

Capstone counts 75 fashion deals so far in 2026. The investment bank reports dealmaking is rising, with brand-management companies taking a buyer role previously held by private equity, a shift that bears on exit paths for mid-market brands. (WWD)

Small businesses sue over new forced-labour tariffs. Two US businesses argue the new duties exceed presidential taxing authority, a challenge that, if successful, would bear directly on sourcing compliance costs and landed-duty exposure. (The Business of Fashion)

Also moving today:

Shein swings to quarterly loss ahead of Hong Kong IPO (Drapers, The Business of Fashion)

Textiles and Apparel Targeted By Trump’s 50% Tariffs on Canada (WWD, Glossy)

Vietnam Faces Trade Squeeze as Wages Rise (WWD)

Hoka Leads Deckers’ $1B First Quarter Performance After Earnings Beat (WWD, WWD)

Japanese Shoppers Are Driving Up Jewellery Sales to a Record (The Business of Fashion, The Straits Times)

India’s Tata Group Plans 100 Annual Stores for Its Westside Brand (The Business of Fashion)

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]]>LVMH fashion division returns to growth, WWD reports. Organic sales at LVMH's fashion and leather goods division rose 1 percent in the second quarter, ending seven straight quarters of decline and giving the trade a first read on whether the slowdown has bottomed. (WWD, The Business of Fashion)

Reuters: jewellery mix seen dividing luxury groups. Reuters reports investors are focusing on jewellery exposure as fashion sales stay weak, a framing that shapes how buyers, brand teams and suppliers read where luxury investment moves next. (Reuters, FashionNetwork.com, US News & World Report)

Capstone counts 75 fashion deals so far in 2026. The investment bank reports dealmaking is rising, with brand-management companies taking a buyer role previously held by private equity, a shift that bears on exit paths for mid-market brands. (WWD)

Small businesses sue over new forced-labour tariffs. Two US businesses argue the new duties exceed presidential taxing authority, a challenge that, if successful, would bear directly on sourcing compliance costs and landed-duty exposure. (The Business of Fashion)

Also moving today:

Shein swings to quarterly loss ahead of Hong Kong IPO (Drapers, The Business of Fashion)

Textiles and Apparel Targeted By Trump’s 50% Tariffs on Canada (WWD, Glossy)

Vietnam Faces Trade Squeeze as Wages Rise (WWD)

Hoka Leads Deckers’ $1B First Quarter Performance After Earnings Beat (WWD, WWD)

Japanese Shoppers Are Driving Up Jewellery Sales to a Record (The Business of Fashion, The Straits Times)

India’s Tata Group Plans 100 Annual Stores for Its Westside Brand (The Business of Fashion)

Get Fashion in Five in your inbox every weekday: https://fashioninfive.com

]]>37e771ec-a55c-4f82-9564-8deb0ae860caTue, 28 Jul 2026 10:08:07 +000004:50falsefullLVMH's fashion and leather goods division posted a one percent organic sales rise in the second quarter, its first positive quarter in eight after seven straight declines, per WWD, with The Business of Fashion putting group sales up three percent and Dior back in growth. Reuters argues category mix now separates the luxury groups, citing Richemont jewellery up twenty-four percent and Kering's new jewellery division up twenty-two percent, while a Capstone report via WWD counts seventy-five fashion deals so far in twenty twenty-six with brand-management companies taking the buyer role private equity once held. Two small businesses have sued over the forced-labour tariffs, arguing the policy exceeds the president's authority to tax imports, according to The Business of Fashion, with the duties standing while the case is unresolved.Tariff Backlash and Luxury's Quality TestTariff Backlash and Luxury's Quality TestTrading Partners Retaliate Over New Section 301 Tariffs. Partners are responding to the Trump administration's new duties, with further tariffs reportedly brewing that could raise apparel sourcing costs. (WWD, Drapers)

Luxury Shares Slip Despite Reported Sales Growth. Two of three luxury groups posting higher sales saw shares fall, in what Al Bawaba describes as investors weighing guidance over current figures. (Al Bawaba, mid-east.info)

Moncler Group Q2 Sales Rise 5%, Led by Stone Island. Stone Island outperformed the Moncler brand, which The Business of Fashion reports advances the group's push to reduce reliance on winter outerwear. (The Business of Fashion, The Business of Fashion, Glossy)

Also moving today:

Reformation targets IPO valuation of up to $1bn (Drapers, The Business of Fashion)

Morgan Stanley Sees Luxury Leadership Shift as Jewelry Brands Gain Ground By Investing.com (Investing.com)

Kate Spade Names Jonathan Saunders Executive Creative Director (The Business of Fashion, The Business of Fashion)

Mulberry Quarterly Sales Jump 23% as Turnaround Gathers Pace (The Business of Fashion)

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]]>Trading Partners Retaliate Over New Section 301 Tariffs. Partners are responding to the Trump administration's new duties, with further tariffs reportedly brewing that could raise apparel sourcing costs. (WWD, Drapers)

Luxury Shares Slip Despite Reported Sales Growth. Two of three luxury groups posting higher sales saw shares fall, in what Al Bawaba describes as investors weighing guidance over current figures. (Al Bawaba, mid-east.info)

Moncler Group Q2 Sales Rise 5%, Led by Stone Island. Stone Island outperformed the Moncler brand, which The Business of Fashion reports advances the group's push to reduce reliance on winter outerwear. (The Business of Fashion, The Business of Fashion, Glossy)

Also moving today:

Reformation targets IPO valuation of up to $1bn (Drapers, The Business of Fashion)

Morgan Stanley Sees Luxury Leadership Shift as Jewelry Brands Gain Ground By Investing.com (Investing.com)

Kate Spade Names Jonathan Saunders Executive Creative Director (The Business of Fashion, The Business of Fashion)

Mulberry Quarterly Sales Jump 23% as Turnaround Gathers Pace (The Business of Fashion)

Get Fashion in Five in your inbox every weekday: https://fashioninfive.com

]]>96d71f02-846c-4586-8bbd-bcaa6340f989Mon, 27 Jul 2026 14:24:44 +000004:57falsefullTrading partners have begun to retaliate after the Trump administration imposed new duties on some sixty economies over forced-labor enforcement, WWD and Drapers report, with sourcing teams facing added exposure across apparel supply chains. An etoro analysis carried by Al Bawaba notes Richemont, Burberry and Moncler all reported growing sales, yet Burberry and Moncler shares fell, with the argument that growth alone no longer moves these names. The Business of Fashion and Glossy report Moncler's second-quarter sales rose five percent with Stone Island outperforming the flagship, while Reformation is targeting an IPO valuation of up to one billion dollars, Kate Spade named Jonathan Saunders executive creative director, and Mulberry's quarterly sales jumped twenty-three percent.The EU Stops the Burn PileThe EU Stops the Burn PileEU ban on destroying unsold apparel takes effect. The EU ban on destroying unsold clothing, footwear and accessories came into force July 19, which reports say raises inventory carrying costs for luxury groups. (Retail Gazette, China Daily, Financial Times News)

USTR imposes duties on 60 economies over forced labor. WWD and The Business of Fashion report the USTR is taking "final action" to apply double-digit tariffs to roughly 60 economies over forced-labor enforcement, a direct input to landed costs. (WWD, The Business of Fashion)

Kering names Romain Spitzer CEO of Bottega Veneta. Kering has appointed Romain Spitzer to lead Bottega Veneta from September 1, one of two chief executive changes reported this week alongside Bluesign. (WWD, Yahoo! Finance, The Business of Fashion)

Frasers raises Hugo Boss stake above 30 percent. Mike Ashley's Frasers has crossed the 30 percent threshold in Hugo Boss, which reports say triggers a mandatory takeover bid under German rules. (The Business of Fashion, Drapers)

Zegna reports 17 percent sales increase. Zegna's sales rose 17 percent with acceleration at Thom Browne and Tom Ford, per reports, a counterpoint to a uniformly weak read on luxury demand. (The Business of Fashion, WWD)

Also moving today:

Italian police raid Bulgari, Chanel offices - news (The European Times News, The Business of Fashion, The Business of Fashion)

Richemont opens FY27 with growth across all regions (Luxury Daily)

Burberry’s US Sales Boost Growth as Turnaround Gains Momentum (The Business of Fashion)

Nike to Slash Number of Online Distributors in China (The Business of Fashion)

]]>EU ban on destroying unsold apparel takes effect. The EU ban on destroying unsold clothing, footwear and accessories came into force July 19, which reports say raises inventory carrying costs for luxury groups. (Retail Gazette, China Daily, Financial Times News)

USTR imposes duties on 60 economies over forced labor. WWD and The Business of Fashion report the USTR is taking "final action" to apply double-digit tariffs to roughly 60 economies over forced-labor enforcement, a direct input to landed costs. (WWD, The Business of Fashion)

Kering names Romain Spitzer CEO of Bottega Veneta. Kering has appointed Romain Spitzer to lead Bottega Veneta from September 1, one of two chief executive changes reported this week alongside Bluesign. (WWD, Yahoo! Finance, The Business of Fashion)

Frasers raises Hugo Boss stake above 30 percent. Mike Ashley's Frasers has crossed the 30 percent threshold in Hugo Boss, which reports say triggers a mandatory takeover bid under German rules. (The Business of Fashion, Drapers)

Zegna reports 17 percent sales increase. Zegna's sales rose 17 percent with acceleration at Thom Browne and Tom Ford, per reports, a counterpoint to a uniformly weak read on luxury demand. (The Business of Fashion, WWD)

Also moving today:

Italian police raid Bulgari, Chanel offices - news (The European Times News, The Business of Fashion, The Business of Fashion)

Richemont opens FY27 with growth across all regions (Luxury Daily)

Burberry’s US Sales Boost Growth as Turnaround Gains Momentum (The Business of Fashion)

Nike to Slash Number of Online Distributors in China (The Business of Fashion)

]]>83f11c9f-923e-4f11-8885-f9e5de7c841bFri, 24 Jul 2026 10:05:19 +000005:14falsefullThe European Union's ban on destroying unsold fashion stock is now in force, covering LVMH, Prada, Chanel and Inditex, with narrow exemptions and destruction disclosures due from February 2027, per the Financial Times and Retail Gazette. The Office of the United States Trade Representative is moving to impose double-digit tariffs on 60 economies over forced-labor import enforcement, WWD reports, and Frasers Group has crossed 30 percent of Hugo Boss, triggering a mandatory offer under German takeover law. Also: Kering names Romain Spitzer chief executive of Bottega Veneta, and Ermenegildo Zegna Group posts a 17 percent second-quarter sales increase.