Poor Payors: Assessing the Storm Around Saks The recent letter sent by the department store operator, Saks, to brands has sent shockwaves through the fashion industry. In a move that underscores a growing power imbalance in the wholesale market, the letter is a stark reminder of the challenges faced by suppliers in an environment that […]
‘Beauty Creates Beauty’: Valentino Founders Tease New Cultural Space in Rome
“Beauty Creates Beauty”: Valentino Founders to Open New Cultural Space in Rome Valentino, the iconic fashion house, is not only renowned for its exquisite designs but also for its commitment to art and culture. In an exciting development, the founders of Valentino, Valentino Garavani and Giancarlo Giammetti, are set to unveil a new cultural space […]
EU Moves Closer to Putting a Waste Tax on Fashion
EU Takes Steps Forward in Imposing Waste Tax on Fashion In a groundbreaking move, the European Union is making strides towards implementing a waste tax on the fashion industry. This significant development means that brands and retailers will soon be obligated to bear the expenses associated with collecting, sorting, and recycling old clothes. The implications […]
Video Games, Not TikTok, Could Be Fashion’s Gateway to Gen Alpha
Video Games, Not TikTok, Could Be Fashion’s Gateway to Gen Alpha In the ever-changing landscape of digital marketing, brands are constantly seeking new ways to engage with younger generations. As Gen Z begins to take center stage, another cohort is quietly emerging – Gen Alpha, those born from 2010 onward. This generation is poised to […]
Italian Court Lifts Controls Placed on Armani Company Over Labour Practices
Italian Court Lifts Controls Placed on Armani Company Over Labour Practices Italian fashion powerhouse Armani can breathe a sigh of relief as the Italian court recently lifted the controls placed on the company over its labor practices. This decision comes after the company diligently worked on implementing the necessary changes to its organizational model and […]
Coach Parent Tapestry to Sell Stuart Weitzman Footwear Brand for $105 Million
Coach Parent Tapestry to Sell Stuart Weitzman Footwear Brand for $105 Million In a strategic move to streamline its portfolio and focus on organic growth, Coach parent company Tapestry has announced the sale of the iconic Stuart Weitzman footwear brand for a significant $105 million. This decision comes on the heels of Tapestry’s commitment to […]
OTB’s Annual Sales Fall 4% Despite Growth at Diesel and Margiela
OTB Struggles with 4% Sales Decline Despite Success Stories at Diesel and Margiela Italian fashion conglomerate OTB, known for its renowned brands such as Diesel, Jil Sander, Maison Margiela, Marni, and Viktor&Rolf, faced a challenging year in 2024. Despite individual success stories within the group, OTB reported a 4.4% decline in turnover, amounting to €1.8 […]
Exclusive: Diane von Furstenberg Inks Distribution Deal With Zalando
Exclusive: Diane von Furstenberg Inks Distribution Deal With Zalando Diane von Furstenberg, the iconic American dress brand, has made a strategic move by inking a distribution deal with Zalando. This partnership marks a significant shift for the fashion house as it transitions from traditional wholesale models to exclusive regional distribution agreements as part of its […]
Shein Is Said to Face Investor Pressure to Slash Valuation to $30 Billion
Shein Shareholders Push for Valuation Slash to Facilitate UK IPO Fashion giant Shein is currently facing investor pressure to reduce its valuation to $30 billion, as shareholders advocate for a strategic move to ensure the success of its potential initial public offering (IPO) in the United Kingdom. According to sources familiar with the matter, Shein […]
How Emerging Brands Can Solve the Wholesale Puzzle
How Emerging Brands Can Solve the Wholesale Puzzle In the ever-changing landscape of retail, emerging brands are constantly seeking new ways to navigate the complex world of wholesale. Partnering with department stores and boutiques used to be the traditional route for new labels to gain exposure and reach a wider audience. However, with the rise […]