Puma Taps A$AP Rocky as F1 Creative Director; Farfetchâs Problems; How Bad Will the Luxury Slowdown Get? ~/AAAHagA~/RgRnGITYP0SLaHR0cHM6Ly93d3cuYnVzaW5lc3NvZmZhc2hpb24uY29tLz91dG1fc291cmNlPW5ld3NsZXR0ZXJfZGFpbHlkaWdlc3QmdXRtX21lZGl1bT1lbWFpbCZ1dG1fY2FtcGFpZ249RGFpbHlfRGlnZXN0XzIzMTAyMyZ1dG1fY29udGVudD1ib2ZfbG9nb1cFc3BjZXVCCmUu2P81ZYy2VkNSG3RyaXN0cmFtYmFsZHdpbjkwQGdtYWlsLmNvbVgEAAAAJA~~ ADVERTISEMENT ~/AAAHagA~/RgRnGITYP0QWaHR0cHM6Ly9iaXQubHkvNDZCRFpnWVcFc3BjZXVCCmUu2P81ZYy2VkNSG3RyaXN0cmFtYmFsZHdpbjkwQGdtYWlsLmNvbVgEAAAAJA~~ WHAT YOU NEED TO KNOW TODAY: MONDAY, OCTOBER 23, 2023 Dear BoF Community, With the rush of holiday shopping just around the corner, retailers that sell online are preparing for the inevitable influx of returns. But the dynamics have changed considerably this year. Even as online sales growth has dipped, the rate of online returns has remained high, and the average costs to process them, from shipping to restocking items in warehouses, has soared. Fashionâs e-commerce players are now acknowledging that offering free returns â once a tool to help shoppers get comfortable with buying goods online â is both a blessing and a cure. But to lower return rates and slash expenses without impairing conversion rates and customer loyalty, retailers have to go beyond the binary of whether to charge customers for returns. In the latest BoF Professional case study: â[Fashionâs New Playbook for Online Returns](~/AAAHagA~/RgRnGITYP0TVaHR0cHM6Ly9idXNpbmVzc29mZmFzaGlvbi5jb20vY2FzZS1zdHVkaWVzL3JldGFpbC9lY29tbWVyY2Utb25saW5lLXJldHVybnMtYnJhbmRzLXJldGFpbGVycy1sb2dpc3RpY3Mtc2hpcHBpbmcvP3V0bV9zb3VyY2U9bmV3c2xldHRlcl9kYWlseWRpZ2VzdCZ1dG1fbWVkaXVtPWVtYWlsJnV0bV9jYW1wYWlnbj1EYWlseV9EaWdlc3RfMjMxMDIzJnV0bV9jb250ZW50PWludHJvVwVzcGNldUIKZS7Y_zVljLZWQ1IbdHJpc3RyYW1iYWxkd2luOTBAZ21haWwuY29tWAQAAAAk),â DTC correspondent Malique Morris explores how e-commerce retailers ranging from MyTheresa to Mercado Libre are revamping their returns management strategies, leaning into new technologies, incentive programmes and more. [Download the case study now](~/AAAHagA~/RgRnGITYP0TVaHR0cHM6Ly9idXNpbmVzc29mZmFzaGlvbi5jb20vY2FzZS1zdHVkaWVzL3JldGFpbC9lY29tbWVyY2Utb25saW5lLXJldHVybnMtYnJhbmRzLXJldGFpbGVycy1sb2dpc3RpY3Mtc2hpcHBpbmcvP3V0bV9zb3VyY2U9bmV3c2xldHRlcl9kYWlseWRpZ2VzdCZ1dG1fbWVkaXVtPWVtYWlsJnV0bV9jYW1wYWlnbj1EYWlseV9EaWdlc3RfMjMxMDIzJnV0bV9jb250ZW50PWludHJvVwVzcGNldUIKZS7Y_zVljLZWQ1IbdHJpc3RyYW1iYWxkd2luOTBAZ21haWwuY29tWAQAAAAk) and sign up for our live masterclass on the topic on Thursday, November 9th at 4:00pm BST / 11:00am EDT. Imran Amed, Founder and CEO Plus, also in todayâs BoF Daily Digest newsletter: - [Puma has tapped rapper A$AP Rocky](~/AAAHagA~/RgRnGITYP0TCaHR0cHM6Ly9idXNpbmVzc29mZmFzaGlvbi5jb20vYXJ0aWNsZXMvcmV0YWlsL2Zvcm11bGEtb25lLWFzYXAtcm9ja3ktcHVtYS1jcmVhdGl2ZS1kaXJlY3Rvci8_dXRtX3NvdXJjZT1uZXdzbGV0dGVyX2RhaWx5ZGlnZXN0JnV0bV9tZWRpdW09ZW1haWwmdXRtX2NhbXBhaWduPURhaWx5X0RpZ2VzdF8yMzEwMjMmdXRtX2NvbnRlbnQ9aW50cm9XBXNwY2V1QgplLtj_NWWMtlZDUht0cmlzdHJhbWJhbGR3aW45MEBnbWFpbC5jb21YBAAAACQ~)to be creative director of its long-term licensing deal with Formula 1. - Since Richemont announced its e-commerce mega-deal with Farfetch last August, the platform has lost 90 percent of its market value with [significant implications for fashion](~/AAAHagA~/RgRnGITYP0TGaHR0cHM6Ly93d3cuYnVzaW5lc3NvZmZhc2hpb24uY29tL2JyaWVmaW5ncy9sdXh1cnkvd2h5LWZhcmZldGNocy1wcm9ibGVtcy1hcmUtZmFzaGlvbnMtcHJvYmxlbXMvP3V0bV9zb3VyY2U9bmV3c2xldHRlcl9kYWlseWRpZ2VzdCZ1dG1fbWVkaXVtPWVtYWlsJnV0bV9jYW1wYWlnbj1EYWlseV9EaWdlc3RfMjMxMDIzJnV0bV9jb250ZW50PWludHJvVwVzcGNldUIKZS7Y_zVljLZWQ1IbdHJpc3RyYW1iYWxkd2luOTBAZ21haWwuY29tWAQAAAAk). - Sales [results from Kering and Hermès this week](~/AAAHagA~/RgRnGITYP0S6aHR0cHM6Ly9idXNpbmVzc29mZmFzaGlvbi5jb20vYnJpZWZpbmdzL2x1eHVyeS9ob3ctYmFkLXdpbGwtdGhlLWx1eHVyeS1zbG93ZG93bi1nZXQvP3V0bV9zb3VyY2U9bmV3c2xldHRlcl9kYWlseWRpZ2VzdCZ1dG1fbWVkaXVtPWVtYWlsJnV0bV9jYW1wYWlnbj1EYWlseV9EaWdlc3RfMjMxMDIzJnV0bV9jb250ZW50PWludHJvVwVzcGNldUIKZS7Y_zVljLZWQ1IbdHJpc3RyYW1iYWxkd2luOTBAZ21haWwuY29tWAQAAAAk) will offer more colour on the global luxury slowdown. TOP STORIES [RETAIL](~/AAAHagA~/RgRnGITYP0TFaHR0cHM6Ly93d3cuYnVzaW5lc3NvZmZhc2hpb24uY29tL3RvcGljcy9yZXRhaWw_dXRtX3NvdXJjZT1uZXdzbGV0dGVyX2RhaWx5ZGlnZXN0JnV0bV9tZWRpdW09ZW1haWwmdXRtX2NhbXBhaWduPURhaWx5X0RpZ2VzdF8yMzEwMjMmdXRtX3Rlcm09QTZJTFNXSlA3NUU3VkE2S1MyNDVaRjMzMkkmdXRtX2NvbnRlbnQ9dG9wX3N0b3J5XzFfdG9waWNXBXNwY2V1QgplLtj_NWWMtlZDUht0cmlzdHJhbWJhbGR3aW45MEBnbWFpbC5jb21YBAAAACQ~) [Case Study | Fashionâs New Playbook for Online Returns](~/AAAHagA~/RgRnGITYP4QJAWh0dHBzOi8vd3d3LmJ1c2luZXNzb2ZmYXNoaW9uLmNvbS9jYXNlLXN0dWRpZXMvcmV0YWlsL2Vjb21tZXJjZS1vbmxpbmUtcmV0dXJucy1icmFuZHMtcmV0YWlsZXJzLWxvZ2lzdGljcy1zaGlwcGluZy8_dXRtX3NvdXJjZT1uZXdzbGV0dGVyX2RhaWx5ZGlnZXN0JnV0bV9tZWRpdW09ZW1haWwmdXRtX2NhbXBhaWduPURhaWx5X0RpZ2VzdF8yMzEwMjMmdXRtX3Rlcm09QTZJTFNXSlA3NUU3VkE2S1MyNDVaRjMzMkkmdXRtX2NvbnRlbnQ9dG9wX3N0b3J5XzFfdGl0bGVXBXNwY2V1QgplLtj_NWWMtlZDUht0cmlzdHJhbWJhbGR3aW45MEBnbWFpbC5jb21YBAAAACQ~) By Malique Morris ~/AAAHagA~/RgRnGITYP4QJAWh0dHBzOi8vd3d3LmJ1c2luZXNzb2ZmYXNoaW9uLmNvbS9jYXNlLXN0dWRpZXMvcmV0YWlsL2Vjb21tZXJjZS1vbmxpbmUtcmV0dXJucy1icmFuZHMtcmV0YWlsZXJzLWxvZ2lzdGljcy1zaGlwcGluZy8_dXRtX3NvdXJjZT1uZXdzbGV0dGVyX2RhaWx5ZGlnZXN0JnV0bV9tZWRpdW09ZW1haWwmdXRtX2NhbXBhaWduPURhaWx5X0RpZ2VzdF8yMzEwMjMmdXRtX3Rlcm09QTZJTFNXSlA3NUU3VkE2S1MyNDVaRjMzMkkmdXRtX2NvbnRlbnQ9dG9wX3N0b3J5XzFfaW1hZ2VXBXNwY2V1QgplLtj_NWWMtlZDUht0cmlzdHJhbWJhbGR3aW45MEBnbWFpbC5jb21YBAAAACQ~ [The e-commerce boom may have cooled but online returns rates remain high, and the costs of processing them are more expensive than ever. BoF unpacks how retailers can reduce the costs of returns and protect profit margins, while improving customersâ shopping experience to generate higher sales.](~/AAAHagA~/RgRnGITYP4QHAWh0dHBzOi8vd3d3LmJ1c2luZXNzb2ZmYXNoaW9uLmNvbS9jYXNlLXN0dWRpZXMvcmV0YWlsL2Vjb21tZXJjZS1vbmxpbmUtcmV0dXJucy1icmFuZHMtcmV0YWlsZXJzLWxvZ2lzdGljcy1zaGlwcGluZy8_dXRtX3NvdXJjZT1uZXdzbGV0dGVyX2RhaWx5ZGlnZXN0JnV0bV9tZWRpdW09ZW1haWwmdXRtX2NhbXBhaWduPURhaWx5X0RpZ2VzdF8yMzEwMjMmdXRtX3Rlcm09QTZJTFNXSlA3NUU3VkE2S1MyNDVaRjMzMkkmdXRtX2NvbnRlbnQ9dG9wX3N0b3J5XzFfZGVrVwVzcGNldUIKZS7Y_zVljLZWQ1IbdHJpc3RyYW1iYWxkd2luOTBAZ21haWwuY29tWAQAAAAk) [READ MORE](~/AAAHagA~/RgRnGITYP4QHAWh0dHBzOi8vd3d3LmJ1c2luZXNzb2ZmYXNoaW9uLmNvbS9jYXNlLXN0dWRpZXMvcmV0YWlsL2Vjb21tZXJjZS1vbmxpbmUtcmV0dXJucy1icmFuZHMtcmV0YWlsZXJzLWxvZ2lzdGljcy1zaGlwcGluZy8_dXRtX3NvdXJjZT1uZXdzbGV0dGVyX2RhaWx5ZGlnZXN0JnV0bV9tZWRpdW09ZW1haWwmdXRtX2NhbXBhaWduPURhaWx5X0RpZ2VzdF8yMzEwMjMmdXRtX3Rlcm09QTZJTFNXSlA3NUU3VkE2S1MyNDVaRjMzMkkmdXRtX2NvbnRlbnQ9dG9wX3N0b3J5XzFfY3RhVwVzcGNldUIKZS7Y_zVljLZWQ1IbdHJpc3RyYW1iYWxkd2luOTBAZ21haWwuY29tWAQAAAAk) ~/AAAHagA~/RgRnGITYP4QHAWh0dHBzOi8vd3d3LmJ1c2luZXNzb2ZmYXNoaW9uLmNvbS9jYXNlLXN0dWRpZXMvcmV0YWlsL2Vjb21tZXJjZS1vbmxpbmUtcmV0dXJucy1icmFuZHMtcmV0YWlsZXJzLWxvZ2lzdGljcy1zaGlwcGluZy8_dXRtX3NvdXJjZT1uZXdzbGV0dGVyX2RhaWx5ZGlnZXN0JnV0bV9tZWRpdW09ZW1haWwmdXRtX2NhbXBhaWduPURhaWx5X0RpZ2VzdF8yMzEwMjMmdXRtX3Rlcm09QTZJTFNXSlA3NUU3VkE2S1MyNDVaRjMzMkkmdXRtX2NvbnRlbnQ9dG9wX3N0b3J5XzFfY3RhVwVzcGNldUIKZS7Y_zVljLZWQ1IbdHJpc3RyYW1iYWxkd2luOTBAZ21haWwuY29tWAQAAAAk [RETAIL](~/AAAHagA~/RgRnGITYP0TFaHR0cHM6Ly93d3cuYnVzaW5lc3NvZmZhc2hpb24uY29tL3RvcGljcy9yZXRhaWw_dXRtX3NvdXJjZT1uZXdzbGV0dGVyX2RhaWx5ZGlnZXN0JnV0bV9tZWRpdW09ZW1haWwmdXRtX2NhbXBhaWduPURhaWx5X0RpZ2VzdF8yMzEwMjMmdXRtX3Rlcm09U1JNNjZLUkxXQkNPTEFRSkhBTUJaSENBNE0mdXRtX2NvbnRlbnQ9dG9wX3N0b3J5XzJfdG9waWNXBXNwY2V1QgplLtj_NWWMtlZDUht0cmlzdHJhbWJhbGR3aW45MEBnbWFpbC5jb21YBAAAACQ~) [Puma Hires A$AP Rocky as Creative Director of Formula 1 Partnership](~/AAAHagA~/RgRnGITYP0T2aHR0cHM6Ly93d3cuYnVzaW5lc3NvZmZhc2hpb24uY29tL2FydGljbGVzL3JldGFpbC9mb3JtdWxhLW9uZS1hc2FwLXJvY2t5LXB1bWEtY3JlYXRpdmUtZGlyZWN0b3IvP3V0bV9zb3VyY2U9bmV3c2xldHRlcl9kYWlseWRpZ2VzdCZ1dG1fbWVkaXVtPWVtYWlsJnV0bV9jYW1wYWlnbj1EYWlseV9EaWdlc3RfMjMxMDIzJnV0bV90ZXJtPVNSTTY2S1JMV0JDT0xBUUpIQU1CWkhDQTRNJnV0bV9jb250ZW50PXRvcF9zdG9yeV8yX3RpdGxlVwVzcGNldUIKZS7Y_zVljLZWQ1IbdHJpc3RyYW1iYWxkd2luOTBAZ21haWwuY29tWAQAAAAk) By Daniel-Yaw Miller ~/AAAHagA~/RgRnGITYP0T2aHR0cHM6Ly93d3cuYnVzaW5lc3NvZmZhc2hpb24uY29tL2FydGljbGVzL3JldGFpbC9mb3JtdWxhLW9uZS1hc2FwLXJvY2t5LXB1bWEtY3JlYXRpdmUtZGlyZWN0b3IvP3V0bV9zb3VyY2U9bmV3c2xldHRlcl9kYWlseWRpZ2VzdCZ1dG1fbWVkaXVtPWVtYWlsJnV0bV9jYW1wYWlnbj1EYWlseV9EaWdlc3RfMjMxMDIzJnV0bV90ZXJtPVNSTTY2S1JMV0JDT0xBUUpIQU1CWkhDQTRNJnV0bV9jb250ZW50PXRvcF9zdG9yeV8yX2ltYWdlVwVzcGNldUIKZS7Y_zVljLZWQ1IbdHJpc3RyYW1iYWxkd2luOTBAZ21haWwuY29tWAQAAAAk [The acclaimed rapper and frequent fashion collaborator will design a capsule collection to be released at the Las Vegas Grand Prix in November. In future seasons, he will have wider creative control over the brandâs multi-year licensing deal with F1.](~/AAAHagA~/RgRnGITYP0T0aHR0cHM6Ly93d3cuYnVzaW5lc3NvZmZhc2hpb24uY29tL2FydGljbGVzL3JldGFpbC9mb3JtdWxhLW9uZS1hc2FwLXJvY2t5LXB1bWEtY3JlYXRpdmUtZGlyZWN0b3IvP3V0bV9zb3VyY2U9bmV3c2xldHRlcl9kYWlseWRpZ2VzdCZ1dG1fbWVkaXVtPWVtYWlsJnV0bV9jYW1wYWlnbj1EYWlseV9EaWdlc3RfMjMxMDIzJnV0bV90ZXJtPVNSTTY2S1JMV0JDT0xBUUpIQU1CWkhDQTRNJnV0bV9jb250ZW50PXRvcF9zdG9yeV8yX2Rla1cFc3BjZXVCCmUu2P81ZYy2VkNSG3RyaXN0cmFtYmFsZHdpbjkwQGdtYWlsLmNvbVgEAAAAJA~~) [READ MORE](~/AAAHagA~/RgRnGITYP0T0aHR0cHM6Ly93d3cuYnVzaW5lc3NvZmZhc2hpb24uY29tL2FydGljbGVzL3JldGFpbC9mb3JtdWxhLW9uZS1hc2FwLXJvY2t5LXB1bWEtY3JlYXRpdmUtZGlyZWN0b3IvP3V0bV9zb3VyY2U9bmV3c2xldHRlcl9kYWlseWRpZ2VzdCZ1dG1fbWVkaXVtPWVtYWlsJnV0bV9jYW1wYWlnbj1EYWlseV9EaWdlc3RfMjMxMDIzJnV0bV90ZXJtPVNSTTY2S1JMV0JDT0xBUUpIQU1CWkhDQTRNJnV0bV9jb250ZW50PXRvcF9zdG9yeV8yX2N0YVcFc3BjZXVCCmUu2P81ZYy2VkNSG3RyaXN0cmFtYmFsZHdpbjkwQGdtYWlsLmNvbVgEAAAAJA~~) [LUXURY](~/AAAHagA~/RgRnGITYP0TFaHR0cHM6Ly93d3cuYnVzaW5lc3NvZmZhc2hpb24uY29tL3RvcGljcy9sdXh1cnk_dXRtX3NvdXJjZT1uZXdzbGV0dGVyX2RhaWx5ZGlnZXN0JnV0bV9tZWRpdW09ZW1haWwmdXRtX2NhbXBhaWduPURhaWx5X0RpZ2VzdF8yMzEwMjMmdXRtX3Rlcm09WFhGQzIyVlpNNUNPUExKVUhPQzRNVUtQSk0mdXRtX2NvbnRlbnQ9dG9wX3N0b3J5XzNfdG9waWNXBXNwY2V1QgplLtj_NWWMtlZDUht0cmlzdHJhbWJhbGR3aW45MEBnbWFpbC5jb21YBAAAACQ~) [Why Farfetchâs Problems Are Fashionâs Problems](~/AAAHagA~/RgRnGITYP0T2aHR0cHM6Ly93d3cuYnVzaW5lc3NvZmZhc2hpb24uY29tL2JyaWVmaW5ncy9sdXh1cnkvd2h5LWZhcmZldGNocy1wcm9ibGVtcy1hcmUtZmFzaGlvbnMtcHJvYmxlbXMvP3V0bV9zb3VyY2U9bmV3c2xldHRlcl9kYWlseWRpZ2VzdCZ1dG1fbWVkaXVtPWVtYWlsJnV0bV9jYW1wYWlnbj1EYWlseV9EaWdlc3RfMjMxMDIzJnV0bV90ZXJtPVhYRkMyMlZaTTVDT1BMSlVIT0M0TVVLUEpNJnV0bV9jb250ZW50PXRvcF9zdG9yeV8zX3RpdGxlVwVzcGNldUIKZS7Y_zVljLZWQ1IbdHJpc3RyYW1iYWxkd2luOTBAZ21haWwuY29tWAQAAAAk) By Tamison O'Connor ~/AAAHagA~/RgRnGITYP0T2aHR0cHM6Ly93d3cuYnVzaW5lc3NvZmZhc2hpb24uY29tL2JyaWVmaW5ncy9sdXh1cnkvd2h5LWZhcmZldGNocy1wcm9ibGVtcy1hcmUtZmFzaGlvbnMtcHJvYmxlbXMvP3V0bV9zb3VyY2U9bmV3c2xldHRlcl9kYWlseWRpZ2VzdCZ1dG1fbWVkaXVtPWVtYWlsJnV0bV9jYW1wYWlnbj1EYWlseV9EaWdlc3RfMjMxMDIzJnV0bV90ZXJtPVhYRkMyMlZaTTVDT1BMSlVIT0M0TVVLUEpNJnV0bV9jb250ZW50PXRvcF9zdG9yeV8zX2ltYWdlVwVzcGNldUIKZS7Y_zVljLZWQ1IbdHJpc3RyYW1iYWxkd2luOTBAZ21haWwuY29tWAQAAAAk [EU regulators are expected to give the go-ahead for Richemont to spin-off Yoox Net-a-Porter in a joint venture with rival Farfetch. But in the 14 months since the deal was announced, Farfetch has lost 90 percent of its market value with significant implications for the transaction and the wider fashion ecosystem.](~/AAAHagA~/RgRnGITYP0T0aHR0cHM6Ly93d3cuYnVzaW5lc3NvZmZhc2hpb24uY29tL2JyaWVmaW5ncy9sdXh1cnkvd2h5LWZhcmZldGNocy1wcm9ibGVtcy1hcmUtZmFzaGlvbnMtcHJvYmxlbXMvP3V0bV9zb3VyY2U9bmV3c2xldHRlcl9kYWlseWRpZ2VzdCZ1dG1fbWVkaXVtPWVtYWlsJnV0bV9jYW1wYWlnbj1EYWlseV9EaWdlc3RfMjMxMDIzJnV0bV90ZXJtPVhYRkMyMlZaTTVDT1BMSlVIT0M0TVVLUEpNJnV0bV9jb250ZW50PXRvcF9zdG9yeV8zX2Rla1cFc3BjZXVCCmUu2P81ZYy2VkNSG3RyaXN0cmFtYmFsZHdpbjkwQGdtYWlsLmNvbVgEAAAAJA~~) [READ MORE](~/AAAHagA~/RgRnGITYP0T0aHR0cHM6Ly93d3cuYnVzaW5lc3NvZmZhc2hpb24uY29tL2JyaWVmaW5ncy9sdXh1cnkvd2h5LWZhcmZldGNocy1wcm9ibGVtcy1hcmUtZmFzaGlvbnMtcHJvYmxlbXMvP3V0bV9zb3VyY2U9bmV3c2xldHRlcl9kYWlseWRpZ2VzdCZ1dG1fbWVkaXVtPWVtYWlsJnV0bV9jYW1wYWlnbj1EYWlseV9EaWdlc3RfMjMxMDIzJnV0bV90ZXJtPVhYRkMyMlZaTTVDT1BMSlVIT0M0TVVLUEpNJnV0bV9jb250ZW50PXRvcF9zdG9yeV8zX2N0YVcFc3BjZXVCCmUu2P81ZYy2VkNSG3RyaXN0cmFtYmFsZHdpbjkwQGdtYWlsLmNvbVgEAAAAJA~~) [LUXURY](~/AAAHagA~/RgRnGITYP0TFaHR0cHM6Ly93d3cuYnVzaW5lc3NvZmZhc2hpb24uY29tL3RvcGljcy9sdXh1cnk_dXRtX3NvdXJjZT1uZXdzbGV0dGVyX2RhaWx5ZGlnZXN0JnV0bV9tZWRpdW09ZW1haWwmdXRtX2NhbXBhaWduPURhaWx5X0RpZ2VzdF8yMzEwMjMmdXRtX3Rlcm09NUtFRUNBRUEyVkRDVE1XSUhZUExQWDJaUU0mdXRtX2NvbnRlbnQ9dG9wX3N0b3J5XzRfdG9waWNXBXNwY2V1QgplLtj_NWWMtlZDUht0cmlzdHJhbWJhbGR3aW45MEBnbWFpbC5jb21YBAAAACQ~) [How Bad Will the Luxury Slowdown Get?](~/AAAHagA~/RgRnGITYP0TuaHR0cHM6Ly93d3cuYnVzaW5lc3NvZmZhc2hpb24uY29tL2JyaWVmaW5ncy9sdXh1cnkvaG93LWJhZC13aWxsLXRoZS1sdXh1cnktc2xvd2Rvd24tZ2V0Lz91dG1fc291cmNlPW5ld3NsZXR0ZXJfZGFpbHlkaWdlc3QmdXRtX21lZGl1bT1lbWFpbCZ1dG1fY2FtcGFpZ249RGFpbHlfRGlnZXN0XzIzMTAyMyZ1dG1fdGVybT01S0VFQ0FFQTJWRENUTVdJSFlQTFBYMlpRTSZ1dG1fY29udGVudD10b3Bfc3RvcnlfNF90aXRsZVcFc3BjZXVCCmUu2P81ZYy2VkNSG3RyaXN0cmFtYmFsZHdpbjkwQGdtYWlsLmNvbVgEAAAAJA~~) By Brian Baskin [Financial results from Kering and Hermès will confirm or counter warning signs about the spending of wealthy consumers. That, plus what else to watch for in the coming week.](~/AAAHagA~/RgRnGITYP0TsaHR0cHM6Ly93d3cuYnVzaW5lc3NvZmZhc2hpb24uY29tL2JyaWVmaW5ncy9sdXh1cnkvaG93LWJhZC13aWxsLXRoZS1sdXh1cnktc2xvd2Rvd24tZ2V0Lz91dG1fc291cmNlPW5ld3NsZXR0ZXJfZGFpbHlkaWdlc3QmdXRtX21lZGl1bT1lbWFpbCZ1dG1fY2FtcGFpZ249RGFpbHlfRGlnZXN0XzIzMTAyMyZ1dG1fdGVybT01S0VFQ0FFQTJWRENUTVdJSFlQTFBYMlpRTSZ1dG1fY29udGVudD10b3Bfc3RvcnlfNF9kZWtXBXNwY2V1QgplLtj_NWWMtlZDUht0cmlzdHJhbWJhbGR3aW45MEBnbWFpbC5jb21YBAAAACQ~) [READ MORE](~/AAAHagA~/RgRnGITYP0TsaHR0cHM6Ly93d3cuYnVzaW5lc3NvZmZhc2hpb24uY29tL2JyaWVmaW5ncy9sdXh1cnkvaG93LWJhZC13aWxsLXRoZS1sdXh1cnktc2xvd2Rvd24tZ2V0Lz91dG1fc291cmNlPW5ld3NsZXR0ZXJfZGFpbHlkaWdlc3QmdXRtX21lZGl1bT1lbWFpbCZ1dG1fY2FtcGFpZ249RGFpbHlfRGlnZXN0XzIzMTAyMyZ1dG1fdGVybT01S0VFQ0FFQTJWRENUTVdJSFlQTFBYMlpRTSZ1dG1fY29udGVudD10b3Bfc3RvcnlfNF9jdGFXBXNwY2V1QgplLtj_NWWMtlZDUht0cmlzdHJhbWJhbGR3aW45MEBnbWFpbC5jb21YBAAAACQ~) [BoF PROFESSIONAL Join now and enjoy your first 30 days
for just $/£/â¬1](~/AAAHagA~/RgRnGITYP0SoaHR0cHM6Ly93d3cuYnVzaW5lc3NvZmZhc2hpb24uY29tL21lbWJlcnNoaXBzL3BhY2thZ2VzP3V0bV9zb3VyY2U9bmV3c2xldHRlcl9kYWlseWRpZ2VzdCZ1dG1fbWVkaXVtPWVtYWlsJnV0bV9jYW1wYWlnbj1EYWlseV9EaWdlc3RfMjMxMDIzJnV0bV9jb250ZW50PWJvZnByb19tb2R1bGVfY3RhVwVzcGNldUIKZS7Y_zVljLZWQ1IbdHJpc3RyYW1iYWxkd2luOTBAZ21haWwuY29tWAQAAAAk) [START TRIAL](~/AAAHagA~/RgRnGITYP0SoaHR0cHM6Ly93d3cuYnVzaW5lc3NvZmZhc2hpb24uY29tL21lbWJlcnNoaXBzL3BhY2thZ2VzP3V0bV9zb3VyY2U9bmV3c2xldHRlcl9kYWlseWRpZ2VzdCZ1dG1fbWVkaXVtPWVtYWlsJnV0bV9jYW1wYWlnbj1EYWlseV9EaWdlc3RfMjMxMDIzJnV0bV9jb250ZW50PWJvZnByb19tb2R1bGVfY3RhVwVzcGNldUIKZS7Y_zVljLZWQ1IbdHJpc3RyYW1iYWxkd2luOTBAZ21haWwuY29tWAQAAAAk) NEWS BRIEFS - [Hedi Slimane Releases Surprise Celine Womenâs Show](~/AAAHagA~/RgRnGITYP0TwaHR0cHM6Ly93d3cuYnVzaW5lc3NvZmZhc2hpb24uY29tL25ld3MvbHV4dXJ5L2hlZGktc2xpbWFuZS1yZWxlYXNlcy1zdXJwcmlzZS1jZWxpbmUtd29tZW5zLXNob3cvP3V0bV9zb3VyY2U9bmV3c2xldHRlcl9kYWlseWRpZ2VzdCZ1dG1fbWVkaXVtPWVtYWlsJnV0bV9jYW1wYWlnbj1EYWlseV9EaWdlc3RfMjMxMDIzJnV0bV90ZXJtPVJSTVZRUVBWTTVDWlhJU1hGSENLUEZTUFA0JnV0bV9jb250ZW50PW5ld3NicmllZl8xVwVzcGNldUIKZS7Y_zVljLZWQ1IbdHJpc3RyYW1iYWxkd2luOTBAZ21haWwuY29tWAQAAAAk) ADVERTISEMENT ~/AAAHagA~/RgRnGITYP0QWaHR0cHM6Ly9iaXQubHkvM001VWZ5SlcFc3BjZXVCCmUu2P81ZYy2VkNSG3RyaXN0cmFtYmFsZHdpbjkwQGdtYWlsLmNvbVgEAAAAJA~~ Gucci Proudly Commemorates the 70th Anniversary of the Horsebit 1953 Loafer The legendary Horsebit 1953 loafer encapsulates Gucciâs rich history, with its enduring appeal that transcends generations, it serves as an example of Italian design excellence and elegance. The new campaign showcases the timeless yet contemporary allure of this style, as both Paul Mescal and Xiao Zhan are captured at ease wearing the original design from 1953. Their portraits elegantly demonstrate how the heritage hardware and silhouette continue to inspire and captivate generation after generation. [DISCOVER MORE](~/AAAHagA~/RgRnGITYP0QWaHR0cHM6Ly9iaXQubHkvM001VWZ5SlcFc3BjZXVCCmUu2P81ZYy2VkNSG3RyaXN0cmFtYmFsZHdpbjkwQGdtYWlsLmNvbVgEAAAAJA~~) The Business of Fashion AGENDA-SETTING INTELLIGENCE, ANALYSIS AND ADVICE FOR THE GLOBAL FASHION COMMUNITY. 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