In the picturesque setting of Disneyland Paris, a notable event took place that cemented fashion’s entwined relationship with entertainment. On the last night of fashion month, the French brand Coperni hosted an extravagant runway show that exuberantly captured the essence of both worlds, introducing an entirely new narrative to the luxury fashion sector. This event […]
Nike’s Plunging Sales Reveal the Difficult Task Ahead for Incoming CEO
In recent weeks, Nike has faced a significant downturn in sales that has sent ripples through the global retail market. With a reported 10% drop in revenue for the quarter ending in August, coupled with a staggering 28% decline in net income, the pressure lies squarely on the shoulders of incoming CEO Elliott Hill. Announced […]
Condé Nast Names New UK Chief Business Officer
In a significant move amidst the challenges facing traditional media, Condé Nast has appointed Luke Robins as its new UK Chief Business Officer. This announcement underscores the company’s commitment to boosting revenue growth in a rapidly changing landscape. Robins steps into this pivotal role following the tenure of Vanessa Kingori, who relinquished her position in […]
The Debrief | Can Department Stores Save Themselves?
The landscape of retail has been dramatically altered over the past few decades, leaving many American department stores struggling to find their footing. Once celebrated as icons of American shopping culture, these stores face a battle for relevance against the backdrop of overexpansion, the rise of e-commerce, and an overall decline in mall traffic. As […]
How Chinese Designers Are Building Global Businesses
A new generation of Chinese fashion designers is making significant strides in establishing their brands across international markets. Over the past two decades, the fashion landscape in China has transformed dramatically, partly due to the evolution of education facilities for designers who studiously pursued their craft abroad. While iconic names like Uma Wang and Sankuanz […]
Worldview: Debunking China’s Consumption Myths
In recent discussions surrounding China’s economy, prevalent myths about consumer behavior have surfaced, leading to misinformed conclusions about the market’s future potential. A new analysis by McKinsey & Company sheds light on the real state of consumption in China, revealing both challenges and hidden opportunities. Daniel Zipser, a senior partner based in McKinsey’s Shanghai office, […]
Patagonia Cuts 41 Jobs Amid Major Restructuring
Patagonia, the renowned sustainability-oriented outerwear brand, is making a significant move by cutting 41 jobs as part of a comprehensive restructuring plan. This decision marks the second round of layoffs for the company in 2024, highlighting its ongoing challenges and shifts in strategic direction. In a LinkedIn announcement, CEO Ryan Gellert stated that these job […]
Strike Shuts Eastern US and Gulf Ports, Threatening Economy
In a historic move that has not been seen in nearly five decades, dockworkers at every major port along the US East and Gulf coasts have initiated a strike, halting operations at 36 significant shipping hubs. This unprecedented action is poised to cause economic repercussions across various sectors, potentially leading to losses estimated between $3.8 […]
Kering Stock Rating Cut to ‘Sell’ as Goldman Doubts Luxury Rally
Analysts at Goldman Sachs Group Inc. have expressed serious concerns about the stability of the recent rally in luxury-goods stocks, primarily driven by stimulus measures announced in China. These analysts have downgraded Kering SA, the parent company of Gucci, to a “sell” rating, highlighting a challenging outlook for the luxury sector. Louise Singlehurst, a Goldman […]
Mulberry Wants to Go It Alone, Rejects Frasers Takeover Bid
Mulberry Group Plc has recently declined a takeover offer from Mike Ashley’s Frasers Group Plc, highlighting its ambition to remain independent and confirming its faith in newly appointed CEO Andrea Baldo to rejuvenate the British handbag brand. This decision marks a pivotal moment not just for Mulberry but for the broader landscape of the luxury […]