In recent discussions fueled by shifts in consumer behaviors and evolving regulatory landscapes, digital product passports (DPPs) are ascending from niche technology to a mainstream strategic necessity. This transformation reflects the urgency for brands to safeguard authenticity amid rising counterfeit concerns and regulatory requirements. A digital product passport serves as a comprehensive digital record that […]
Gatemore Seeks Watches of Switzerland Buyback, US Listing
In a strategic move that could reshape the landscape of luxury watch retailing, Gatemore Capital Management has acquired a significant stake in Watches of Switzerland Group Plc. This investment is accompanied by a strong recommendation for the company to initiate an aggressive share buyback program valued between £25 million ($32 million) and £50 million and […]
Amazon Sets Ultra-Low Pricing Plans for Temu Rival Store, The Information Reports
Amazon is taking a bold step to fortify its competitive stance in the e-commerce landscape, particularly against emerging discount rival platforms like Temu and Shein. The company is reportedly ready to launch a new low-cost storefront with severe price restrictions on products, which aims to attract budget-conscious consumers seeking affordable options online. According to a […]
The Debrief | How Dupe Culture is Challenging Traditional Luxury
In today’s market, a notable shift is underway—a growing number of direct-to-consumer brands are emerging as fierce competitors to traditional luxury brands. These so-called “dupe” brands are capitalizing on a crucial consumer sentiment: the feeling of being priced out of luxury goods. As luxury brands cater to the ultra-wealthy and fast fashion dominates the low-end […]
L’Oréal Third Quarter Sales Miss Expectations as China Buys Less
In the latest financial report, French cosmetics behemoth L’Oréal has revealed a modest increase in its third-quarter sales, marking a 3.4% rise to 10.28 billion euros ($11.11 billion). Despite this apparent growth, the results fell short of analysts’ expectations, highlighting persistent challenges in the North Asian market, particularly in China. The company’s sales growth underperformed […]
Zegna Group’s Third Quarter Sales Fall 7 Percent
The Italian luxury menswear group Zegna has reported a 7 percent decline in total sales for the third quarter of 2024, raising concerns about the future of the luxury market. Total revenue for the quarter hit €397 million ($429.8 million), a significant downturn attributed largely to the plummeting demand for luxury goods in key global […]
Ex-Abercrombie CEO Arrested Amid Sex Trafficking Investigation
In a shocking turn of events, Mike Jeffries, the former CEO of Abercrombie & Fitch, was arrested last week amidst a federal investigation into allegations of sex trafficking. This development has sparked widespread attention and raised critical questions about accountability in corporate America, especially considering the significant power Jeffries wielded during his tenure at one […]
Europe’s Textile Recycling Sector Warns of ‘Unprecedented Crisis’
Europe’s textile recycling industry is currently grappling with a stark and alarming crisis. This situation has been spiraled into critical territory due to several intertwined factors that highlight an urgent need for intervention. The emergence of ultra-fast fashion and geopolitical disruptions has created a market dynamic that many experts argue is unsustainable, prompting two major […]
Is Q-Commerce the Next Big Beauty Opportunity in India?
The rapid rise of quick commerce (or q-commerce) platforms in India presents significant potential for the beauty industry, marking a shift in consumer behavior and shopping preferences. These apps, which promise delivery within just 10 to 20 minutes, have gained immense popularity, especially in urban areas. As experts suggest, this burgeoning market could see substantial […]
Worldview | Riyadh Fashion Week’s Grand Ambitions
Riyadh Fashion Week has set its sights high as it aims to become a significant player in the global fashion landscape. The second edition of this event, which ran from October 17 to 21 in Saudi Arabia’s capital, showcased the creativity and talent of local designers. Held across three venues, including the stunning Tuwaiq Palace, […]