Chilean retail giant Parque Arauco is making a bold move in Colombia with the acquisition of Parque Alegra in Barranquilla. This purchase through a local subsidiary solidifies Parque Arauco’s commitment to expanding its footprint in Colombia. With established presence in Chile, Peru, and Colombia, the Santiago-based firm already owns malls that host notable brands including […]
Ahead of the Olympics, France Ramps Up War on Fakes
Ahead of the Olympics, France Ramps Up War on Fakes Police crackdown on street merchants in Seine-Saint-Denis, where one in three lives in poverty according to French national statistics, has drawn criticism for pushing people already in economically precarious situations into further difficulty. In the touristy Saint-Ouen flea market, not far from the Stade de […]
Britain’s Retailers Report Sharp Drop in Spending in Colder June
In June, British consumers curbed their spending on clothing, attributing their frugality to a colder-than-usual month. This decline reflects an overarching sentiment that adverse weather can hinder economic growth. According to Barclays Plc, retail sales dipped by 0.6% year-on-year—the first drop since the Covid-19 lockdown in early 2021. Similarly, the British Retail Consortium (BRC) and […]
‘The Devil Wears Prada’ Sequel Set Amid the Decline of Magazines
Disney is working on a sequel to the hit 2006 comedy “The Devil Wears Prada,” with key cast members expected to return, including director David Frankel. The sequel is notably set against the backdrop of declining print advertising revenues, a reflection of the shifting media landscape. The storyline reportedly follows Miranda Priestly, the formidable fashion […]
What Qualifies as ‘Recycled’ Gold?
Over the last few years, top brands like Pandora and Prada have committed to using only recycled gold in their jewellery, positioning it as a move towards ethical and environmental sustainability. Despite its rising popularity, the term “recycled gold” is under intense scrutiny. Critics argue it lacks meaningful standards, leading to potential greenwashing. Recycling gold […]
What’s Hot in Sunscreen Now
SPF’s moment in the sun shows no sign of setting. If brands like Coola and Supergoop helped consumers consider sunscreen as more than just a drug-store standby, today, labels like Vacation, Ultra Violette, and Beauty of Joseon are cementing its status as a market-driving beauty product. In 2023, the volume of Google searches for skincare […]
Does Burberry Have the Wrong Strategy?
Burberry’s latest revamp has faltered. Sales dropped 12 percent in the first three months of 2024. The British trench coat maker isn’t the only luxury player that’s struggling in a cooling luxury market, of course. Gucci’s sales fell 20 percent in the first quarter. But Burberry’s poor performance has ratcheted up the pressure on those […]
Is Fashion Done With Diversity Departments?
In 2019, Liela Touré, working in public relations at a high-end e-commerce retailer, suggested forming an employee resource group for racial-minority staff. The company’s global social responsibility manager shared that similar proposals had repeatedly been dismissed by senior executives. Everything changed in 2020 after the death of George Floyd. The global protests and feedback from […]
Pamela Love Buys Back Her Brand
Pamela Love, acclaimed for her innovative jewellery designs, has reacquired her eponymous brand from RedLuxury Group. The Paris-based investment firm secured an 80 percent stake in her business in 2019. “We were not aligned on business practices and strategies,” said Love, highlighting discrepancies with investor expectations. The rebuy happened through a strategic collaboration with Alex […]
How to Optimise Brand Performance Strategies to Reach Gen-Z Consumers
**How to Optimise Brand Performance Strategies to Reach Gen-Z Consumers** Gen-Z, born between 1995 and 2009, constitutes 30% of the global population and wields a staggering $450 billion in spending power, according to the BBC. As this group grows in influence, fashion and beauty brands are sharply focusing on strategies to engage them effectively. Aligning […]