Under Armour, the widely recognized athletic-wear brand, recently revised its financial outlook for the current fiscal year. This adjustment comes in light of increased costs associated with its ongoing restructuring initiative, which aims to revitalize the company’s operations. The Baltimore-based giant disclosed that it anticipates operating losses could reach as high as $240 million, a […]
The African Beauty Retailers Global Brands Rely On
In recent years, Africa has emerged as a significant player in the global beauty market, characterized by a rising affluent middle class, a cosmopolitan youth demographic, and shifting consumer behaviors. As global beauty brands strive to tap into this vibrant potential, multi-brand retailers across the continent have become vital channels for distribution, successfully bridging the […]
Worldview: Seoul Fashion Week’s New Boss Reveals Future Plans
Seoul Fashion Week, a pivotal event in the global fashion calendar, is adopting a renewed focus on B2B strategies under the guidance of its new director, Ko Kyoung-in. From September 3 to 7, 2024, the event showcased approximately 100 brands, blending trade shows and runway presentations, while asserting its commitment to building enduring partnerships with […]
K-Pop Stars Become Models as Fashion Brands Eye Their Global Fanbase
In recent years, the fashion industry has witnessed a remarkable trend: luxury brands are increasingly recruiting K-pop stars as brand ambassadors. This strategic move is largely driven by the need to tap into the enormous global following of these idols and to generate conversation beyond traditional markets. Take Tommy Hilfiger, for instance. The iconic U.S. […]
The Debrief | Fast Fashion Market Disruption With Shein and H&M
The fast fashion industry, once a field dominated by established giants like H&M, is experiencing a seismic shift due to the rapid rise of Shein. This innovative brand has created a new model that challenges the status quo, setting unprecedented standards for pricing, selection, and speed of production. The implications of Shein’s ascent are profound, […]
At NYFW, Models Push Governor to Sign Fashion Workers Act into Law
On the fifth day of New York Fashion Week (NYFW), a contingent of models chose to forgo walking the runway to advocate for a significant legislative measure—the Fashion Workers Act. This event unfolded dramatically in Midtown Manhattan, where over 100 letters advocating for the bill were hand-delivered to New York Governor Kathy Hochul’s office. The […]
Hodakova Takes Home Top Honours at the 2024 LVMH Prize
The 2024 LVMH Prize, held in Paris, celebrated innovation and sustainability in the fashion industry with Hodakova’s triumph marking a significant moment for upcycling. Founded by Ellen Hodakova Larsson, the Stockholm-based label clinched the top award, highlighting not only its appealing designs but also a robust business model aimed at sustainability. Hodakova’s recognition comes from […]
Nike Shareholders Vote Against Proposal on Workers’ Rights
In a significant development for the sportswear giant, Nike shareholders have voted against a proposal to engage in binding agreements with supply chain workers aimed at improving human rights conditions in high-risk countries. The outcome, announced at the company’s annual meeting, illustrates a pivotal moment for Nike amidst ongoing scrutiny over labor practices. The proposal […]
After the ‘Toryssance’: Tory Burch’s Balancing Act
The fashion industry is witnessing a remarkable transformation with Tory Burch at the forefront. As she prepares for her Spring/Summer 2025 collection showcase at New York Fashion Week, discussions around Burch’s updated aesthetic, known as the ‘Toryssance’, highlight her commitment to evolve while maintaining brand loyalty. A few days before the show, Burch is busy […]
L Catterton Acquires Latvian Bath and Body Brand Stenders
The landscape of the beauty industry is witnessing significant transformations, and recent news highlights a major shift with the acquisition of Latvian bath and body care company Stenders by private equity firm L Catterton. This strategic move, announced on September 10, 2024, is poised to enhance Stenders’ growth trajectory across various international markets, including Asia, […]