Asia's Recovery Roadmap

Troubles at DVF [View on Web]( [Add to contacts]( [New reader? Subscribe]( [BoF]( THE DAILY DIGEST ADVERTISEMENT [DDNL | BoF Pro Summit | Jun 1-2, 2020]( THE UPFRONT Dear BoF Community, As brands continue to grapple with the economic fallout of the pandemic, their leaders must be ready to invest in markets where recovery is happening the fastest. Asian shoppers are already responsible for more than half of global luxury spending, and now that some Asian economies are faring much better than their Western counterparts in lockdown, it is time to act fast. In today's [must-read BoF Professional feature]( Zoe Suen plots a recovery road map to discover which Asian markets are enjoying a spike in demand and which are experiencing a more timid rebound. Also, over the past five decades, the trajectory of Diane von Furstenberg has run parallel to that of the American fashion industry. Now, in the face of Covid-19 and a crumbling wholesale business, DVF is once again at a crossroads. Make sure to read [Chavie Lieber’s exclusive report](. Robb Young, Global Markets Editor P.S. We're just [two days]( away from the [BoF Professional Summit.]( Register now to join us on Wednesday as we explore how fashion can build a more responsible business model, with keynotes, panels, workshops and peer networking sessions, featuring activist Kalpona Akter, Levi Strauss & Co Chief Executive Chip Berg, designer Gabriela Hearst and Executive Director of Black & Brown Founders Aniyia Williams and more. TODAY'S MUST READ [Intelligence]( [Asia’s Recovery Roadmap for Luxury]( BY Zoe Suen [As demand in western markets lags behind, Asian shoppers hold more power than ever over luxury brands' bottom lines. From China to Japan and Singapore to South Korea, here’s where demand is roaring — and where it’s reeling.]( To access this article, become a BoF Professional Member [JOIN]( TOP STORIES [News & Analysis]( [Following Mass Layoffs, Diane von Furstenberg Faces an Uncertain Future]( BY Chavie Lieber [As the company refocuses its prospects on China amid the pandemic, more than 75 percent of the 400-person staff has been let go, while 18 out of 19 stores are closing. But the contemporary brand's business model was challenged long before Covid-19.]( To access this article, become a BoF Professional Member [JOIN]( [BoF Professional Summit]( [It’s Time for Fashion to Clean Up Its Act. Please Join Us.]( BY BoF Team [You’re invited to the BoF Professional Summit on How to Build a Responsible Fashion Business, broadcast live on 17 June 2020.]( [IN OTHER NEWS]( [Reformation Founder and CEO Steps Down After Accusations of Racism]( [Michael Kors Is the Latest Brand to Depart from the Fashion Calendar]( [The Beauty Industry Joins the Corporate Reckoning on Race]( [Live Blog: PVH Suffers $1 Billion Loss, More Criticism Around Condé Nast]( [DAILY DIGEST Fashion News from Around the Web]( 1 [A Reckoning at Condé Nast]( [THE NEW YORK TIMES]( 2 [The Limits of Celebrity Activism]( [THE NEW YORKER]( 3 [Fostering Employee Productivity and Morale Through Covid-19]( [MCKINSEY & COMPANY]( 4 ['Woke' Fashion Brands Face Backlash for Not Practising What They Preach]( [THE GUARDIAN]( 5 [The Enduring Fashion Philosophy of Margaret Howell]( [THE GUARDIAN]( BoF CAREERS - FEATURED JOBS  [Senior Designer]( [FIGS](    Santa Monica, United States  [Junior Business Analyst]( [Browns](   London, United Kingdom  [Senior Sales Consultant]( [Alexander McQueen](   Milan, Italy [View All Jobs](  [Subscribe Were you forwarded this email? To subscribe to this newsletter, click below.]( for Free]( Follow Us [The Business of Fashion]( [Sponsorship & Advertising]( [About]( This email was sent to {EMAIL} [Add to Address Book]( | [Unsubscribe]( | [Edit Newsletter Subscriptions]( The Business of Fashion Moray House - 6th Floor · 23-31 Great Titchfield St London W1W 7PA · United Kingdom