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, […]
Interparfums Sales Rise 15%, Buoyed by Fragrance Demand
Interparfums, a prominent European fragrance licensee, reported a remarkable 15% increase in sales year-on-year, totaling $425 million for its third-quarter earnings ending September 30. This performance not only surpassed analysts’ expectations of $413 million but also highlights the growing consumer appeal for prestige perfumes. The company, known for producing and distributing prestigious fragrances for notable […]
How Anastasia Beverly Hills Lost Its Footing
Anastasia Beverly Hills (ABH) has long been a powerhouse in the beauty industry, renowned for its brow products and high-glam marketing strategies. However, recent developments paint a picture of a brand struggling to maintain its prior glory. Once valued at $3 billion and the darling of influencers and beauty enthusiasts alike, the company is now […]
Chanel To Sponsor Oxford-Cambridge Boat Race
In a significant shift for both business and brand identity, Chanel is stepping into the realm of sports sponsorship. The French luxury house has announced its title sponsorship of “The Boat Race,” a historic rowing competition between the prestigious Oxford and Cambridge universities. This event, celebrated as the UK’s oldest major sporting occasion, is set […]
Venrex and the British Beauty Council Launch Beauty Venture Fund
The landscape of the beauty industry continues to evolve, and with it comes exciting opportunities for innovation and investment. Recently, venture investment firm Venrex and the British Beauty Council (BBCo) announced the inception of the Beauty Venture Fund, aiming to provide vital financial backing for a range of beauty companies based in the UK. This […]
Sally Singer’s Third Act: A New Chapter in Fashion Leadership
Sally Singer has carved a remarkable path through the fashion industry, with over two decades at Vogue. Known for her innovative vision, she spearheaded the launch of Vogue Runway and served as the creative director of Vogue.com. However, in a bold career shift, she took the helm as Amazon’s head of fashion direction in 2020, […]
