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, […]
Samsung Faces Global Job Cuts Amid Market Struggles
Samsung Electronics is facing significant workforce reductions as it grapples with mounting challenges in a competitive landscape. Reports indicate that the company is set to reduce its global workforce by roughly 10%, which could see almost 26,780 jobs eliminated across Southeast Asia, Australia, and New Zealand. This decision comes against a backdrop of declining stock […]
Academics Set to Shape New AI Code of Practice
In a significant development within the realm of artificial intelligence, a diverse group of academics has been tasked with drafting a Code of Practice for general-purpose AI (GPAI). This Code aims to clarify risk management and transparency requirements for various AI systems, including the widely recognized ChatGPT. The work of these academics comes at a […]
EU AI Code Drafting Sparks Disagreements
The path toward a cohesive framework for artificial intelligence in Europe is becoming increasingly contentious as the European Commission reveals ongoing tensions between AI providers and various stakeholders. The first plenary session dedicated to the Code of Practice, which took place on September 30, has underscored significant disagreements on key issues that will shape the […]