Month: October 2024

EU Moves to Delay Deforestation Rule After Huge Pushback

In a significant policy shift, the European Commission has proposed a 12-month delay on a landmark regulation intended to combat global deforestation. This decision comes amidst mounting pressure from agricultural producers and industry stakeholders, particularly from nations that export vital commodities such as coffee, cocoa, soy, and beef to the EU. Initially slated to take […]

Levi Sees Full-Year Revenue at Low End of Its Guidance Range

Levi Strauss & Co. has recently adjusted its full-year revenue projections, now indicating growth at the lower end of its guidance. This shift raises serious questions about ongoing consumer demand for its iconic denim products, particularly within its traditionally strong Americas market. In the fiscal third quarter ending August 25, Levi reported that its net […]

Celebrating Innovation and Community: Highlights from the BoF 500 Gala at Paris Fashion Week

On the final Saturday night of Paris Fashion Week, an extravagant gala held at the Shangri-La Hotel brought together members of the Business of Fashion (BoF) 500. This annual event celebrated the induction of 2024’s new members into a global community synonymous with leadership, creativity, innovation, and substantial impact in the fashion industry. Among the […]

At Paris Fashion Week, Fear and Fearlessness

As the curtains fell on Paris Fashion Week, the overarching sentiment was a blend of caution and creativity. This season, fashion houses seemed to tread lightly, reflecting a palpable sense of searching for safety amid the chaos of a declining luxury goods market. It is not surprising, considering the current macroeconomic landscape poses challenges not […]

Everlane Hires Former Fear of God Executive as its New CEO

In a significant leadership shift, Everlane has appointed Alfred Chang as its new CEO, effective October 7. Chang, who previously held key positions at both Fear of God and PacSun, will step into the role after the departure of Andrea O’Donnell earlier this year. O’Donnell had successfully guided Everlane back to profitability during her tenure, […]

LVMH and Formula 1 Announce 10-Year Partnership

In a significant move for both the luxury fashion and motorsport industries, LVMH and Formula 1 recently unveiled a groundbreaking partnership that will commence in 2025. This collaboration marks a strategic union that will align several prestigious LVMH brands—most notably Louis Vuitton, Moët Hennessy, and TAG Heuer—with the high-octane world of Formula 1 racing. This […]

After Months of Designing with AI, Norma Kamali Isn’t Looking Back

Designer Norma Kamali has recently entered a new phase of her creative journey by incorporating artificial intelligence into her design process. This significant shift comes against a backdrop of skepticism surrounding AI’s potential in fashion. Numerous experts have raised concerns, arguing that the transformative promises of AI have been overstated. However, Kamali stands firm in […]

JD Sports’ UK Business Hit by Bad Weather and Red Sea Disruption

JD Sports has recently revealed that its UK business is facing significant challenges due to a combination of adverse weather conditions and supply chain disruptions in the Red Sea. These factors have collectively contributed to a notable decline in sales, particularly in their outdoor product lines, as reported in their latest financial statements. Falling Sales […]

Michael Rider Replaces Hedi Slimane at Celine

The luxury fashion world is in a state of transition as Michael Rider is set to take over as the artistic director of Celine, following Hedi Slimane’s departure after a notable tenure. This change, which becomes effective in early 2025, signals a new chapter for the LVMH-owned brand and reflects broader shifts within the industry. […]

Microsoft Enhances Copilot for Improved User Experience

Microsoft has taken a significant step toward redefining user engagement through its recent upgrade of the AI assistant, Copilot. With the introduction of a more personable voice and the capability to browse and analyze web content, these enhancements are poised to reshape how users interact with this digital companion. Under the guidance of Mustafa Suleyman, […]

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