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The encyclopedia · Strategy & Leadership · Strategic decision · 2020

BoF cut its entire China team in one day — a 'temporary pause' that never ended

Launched in 2014, the Chinese arm of fashion's trade bible was gutted on Apr 16, 2020 — all 10 staff cut, operations ended in May.

BoF China · The Business of Fashion · 2020-04-16

What happened

The Business of Fashion launched its Chinese-language edition in late 2014, became a fixture of Shanghai Fashion Week, and built a China desk covering the world's most important luxury market for the industry. On April 16, 2020, founder Imran Amed announced the whole China team — 10 people — was being cut. Staff worked through the end of April; operations stopped in May.

Amed blamed the pandemic: the new business environment, his open letter said, forced the company to rethink its strategy, and the China business was hit especially hard. BoF framed it as a temporary pause and said it was exploring strategic options for the brand, including licensing, with news promised before the end of the year.

The pause became permanent. The China channels stayed dark, and the position BoF had spent six years building — the bridge covering Chinese fashion for the global industry — filled with others.

Why it happened

  • The China unit's revenue rested on events, summits and an ad market that the pandemic froze overnight; no income line survived the lockdown.
  • Headquarters chose speed over presence: cutting a whole market is a one-day decision, while rebuilding that market's trust takes years.
What it costentire 10-person China team cut in one daycostly

The lesson

A global outlet's local edition is rented presence — cut the team in a crisis and the market moves on; 'temporary pause' is how permanent exits get written.

Aftermath

BoF said it was exploring licensing and a new direction for China with news promised by the end of 2020; the China operation never reopened in its old form.

Sources

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