NEW YORK — Hi there from New York Metropolis the place our crew staged one other profitable BoF Skilled Summit on Friday, this one inspecting how briskly rising applied sciences like generative AI, web3 and spatial computing are reshaping vogue. Gathering with our group at occasions like this can be a key a part of BoF’s mission to open, inform and join the worldwide vogue, luxurious and wonder industries.

It’s been simply over 11 years since we first started our journey as a enterprise and this week introduced vital international recognition that I’m delighted to share with you: The Enterprise of Trend was named one of many “World’s Most Progressive Firms of 2024″ by Quick Firm.

That is an honour we first held in 2015, early on in our journey as a enterprise, when BoF was pioneering what a worldwide digital-first vogue media firm might be. The truth that, 9 years later, BoF continues to be recognised for being probably the most modern firms on the earth, is a testomony to the imaginative and prescient and arduous work of our unimaginable crew who’ve stayed true to our mission whereas experimenting with new applied sciences like synthetic intelligence to additional construct a sustainable enterprise in a difficult media surroundings.

The Quick Firm article accompanying the accolade particularly highlights the modern work being performed by BoF Insights, our knowledge and advisory assume tank, which lately created The BoF Model Magic Index, powered by Quilt.ai, which ranks luxurious and vogue labels utilizing AI-driven evaluation of tens of 1000’s of social media posts.

“The rating confirmed how synthetic intelligence can assist vogue manufacturers measure worth, not simply attain, whereas demonstrating how a media model can leverage AI so as to add reader worth somewhat than erode belief with AI-written information articles,” wrote Quick Firm’s Nicole Laporte. “Utilizing an AI software powered by Quilt.AI, the research analysed greater than 70,000 social media posts over three months to see how carefully a vogue model’s identification mirrored its target market.”

You’ll be able to see this identical dedication to innovation and excellence in our every day evaluation, recommendation and insights from BoF Skilled. Our luxurious beat helmed by luxurious editor Robert Williams had an particularly busy week with the bulletins that Dries Van Noten is stepping again from his namesake label, Pierpaolo Piccioli is leaving Valentino, Kering is anticipating a 20 % gross sales drop at Gucci within the first quarter and Hermès is dealing with a class-action lawsuit for allegedly requiring customers to purchase gadgets from different product classes earlier than they’re allowed to purchase a sought-after Birkin. And editor-at-large Tim Blanks examined the “triumph, tragedy and cancellation” of the late designer Claude Montana, who was buried at Père Lachaise in Paris on Friday morning.

Over at The Enterprise of Magnificence, helmed by government editor Priya Rao, we dissected the information that Selena Gomez’s Uncommon Magnificence has employed Goldman Sachs and Raymond James to discover exit choices, together with a possible IPO; examined the success of Sol de Janeiro past its best-selling Bum Bum Cream; and introduced the launch of Sisley’s first new model, Neuraé.

And that’s simply luxurious and wonder! In sustainability, chief sustainability correspondent Sarah Kent’s examined the importance of a brand new French invoice that, if handed, would tax quick vogue like cigarettes and and on the retail beat Daniel-Yaw Miller’s defined what the return of founder Kevin Plank means for sportswear big Underneath Armour.

As Quick Firm wrote, “BoF’s regular stream of business information and data, has made its personal model indispensable to the 640 vogue and wonder firms that subscribe to BoF, together with greater than 100,000 paying members in 2023.”

I’d prefer to congratulate our whole crew for this vital recognition, and want to thanks, our international group, for supporting our journalism. We can not do the work we do with out your continued assist. In the event you’d like to hitch our membership group please subscribe right here or contact us in the event you’d prefer to study extra about group or company-wide subscriptions to BoF.

This Weekend on The BoF Podcast

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As efficiency coach to England’s nationwide soccer crew, the Royal Ballet and plenty of extra profitable groups, Owen Eastwood faucets into his Māori heritage to assist teams foster a way of togetherness and drive efficiency.

I first realized of Owen’s work from Tim Brown, the co-founder and chief innovation officer of Allbirds, an organization which has been on a rollercoaster of ups and downs because it went public in 2021.

This week on The BoF Podcast, Tim and Owen be part of us to look at Owen’s highly effective method to creating excessive efficiency groups.

Imran Amed, Founder, CEO and Editor-in-Chief, The Enterprise of Trend

P.S. Be part of us subsequent week on 26 March at 16.00 BST / 11:00 EDT for a BoF Skilled Masterclass that explores the subject of certainly one of our newest Case Research, “The Artwork and Science of Retail Retailer Success.”

Plus, listed here are my different high picks from our evaluation on vogue, luxurious and wonder:

1. Can Gucci’s Turnaround Plan Nonetheless Work? This week, Kering flagged gross sales have been down 20 % at its flagship model, knocking confidence within the group’s turnaround technique. ‘A extra drastic answer is required,’ one analyst wrote.

2. Pierpaolo Piccioli Is Exiting Valentino. A brand new artistic configuration shall be introduced quickly, the Roman couture home mentioned.

3. Dries Van Noten to Step Down. The Belgian designer will step down as artistic director of his namesake vogue home following its June menswear present, he introduced in a letter to vogue editors Tuesday.

4. Case Research | The way to Flip Information Into Significant Buyer Connections. Earlier than vogue companies can put synthetic intelligence to work or goal the appropriate customers on-line, they want good knowledge and a deep understanding of who their prospects are and what they need. This case research affords a information for manufacturers that need to actually know their buyer, permitting them to make smarter choices that serve customers and drive outcomes.

5. What Would Occur if Trend Have been Taxed Like Cigarettes? France is urgent forward with a ‘game-changing’ invoice that will impose a ‘sin tax’-style penalty on fast-fashion merchandise as excessive as €10 per merchandise by 2030.

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