Zegna Posts 2.6% Revenue Drop Italian luxury fashion house Ermenegildo Zegna Group recently reported a 2.6% decrease in revenue, citing challenges in its wholesale channel and specific brands like Thom Browne, along with a softening in the Chinese market. While the luxury sector has been facing uncertainties and shifts in consumer behavior, these factors have […]
Prada First-Half Revenue Rises 9%, Powered by Miu Miu
Prada First-Half Revenue Rises 9%, Powered by Miu Miu Italian luxury fashion house Prada has shown impressive growth in the first half of the year, with a notable 9% increase in revenue. This upward trajectory can be largely attributed to the stellar performance of its trendy Miu Miu label. In particular, Miu Miu experienced a […]
Balenciaga Launches Apple Vision Pro App
Balenciaga Launches Apple Vision Pro App: Revolutionizing Runway Content Delivery In a bold move that fuses high fashion with cutting-edge technology, Balenciaga has recently announced the launch of the Apple Vision Pro App. This groundbreaking development marks the luxury fashion house’s foray into the realm of ‘spatial computing,’ a concept that promises to reshape the […]
Kering Woes Continue as Gucci Sales Plunge 25%
Kering Woes Continue as Gucci Sales Plunge 25% Luxury fashion conglomerate Kering is facing turbulent times as its renowned brand Gucci experiences a significant setback. Recent reports have revealed a staggering 25% plunge in sales for the fashion house, marking a challenging period for the iconic label. This decline comes as Gucci prepares for its […]
Temasek Builds 10% Stake in Zegna in Boost for Expansion Plans
Temasek Builds 10% Stake in Zegna in Boost for Expansion Plans Temasek, the Singapore state-owned investor, has recently made a significant move in the fashion industry by acquiring a 10% stake in the renowned Italian luxury fashion house, Ermenegildo Zegna. This strategic investment, totaling approximately 5% for $126.4 million, comes as a part of Temasek’s […]
How ‘Dopamine Culture’ Rewired Fashion
How ‘Dopamine Culture’ Rewired Fashion In the age of social media and digital content consumption, the luxury fashion industry has found itself at a crossroads where traditional marketing tactics no longer hold the same sway over consumers. The rise of what experts are calling ‘Dopamine Culture’ has fundamentally altered the way fashion brands interact with […]
Qatar-backed Mayhoola denies report it is considering Valentino sale with Kering
Mayhoola Denies Reports of Valentino Sale to Kering: What’s Next for the Fashion House? Mayhoola, the Qatar-backed investment fund, has recently found itself at the center of speculation regarding a potential sale of Valentino to Kering. However, the fund has swiftly moved to deny these reports, leaving many in the fashion industry wondering about the […]
Are Luxury Megabrands Broken?
Are Luxury Megabrands Broken? Luxury megabrands like LVMH, Kering, and Chanel have long been the epitome of sophistication, exclusivity, and success in the fashion world. However, recent simultaneous crises within these giants have raised concerns about the sustainability of the luxury megabrand model. From shifting consumer preferences to global economic challenges, these industry leaders are […]
Prada Eyes ‘Made in India’ Collaboration After Sandal Scandal
Prada Eyes ‘Made in India’ Collaboration After Sandal Scandal The Italian luxury fashion house Prada recently found itself entangled in a controversy following its runway show in Milan, where it showcased footwear that bore a striking resemblance to the traditional Indian Kolhapuri slippers. The move sparked outrage among Indian artisans and politicians, who accused the […]
Fashion’s Creative Revival Is Finally Here
Fashion’s Creative Revival Is Finally Here The fashion industry has been buzzing with excitement as it witnesses a wave of fresh creativity and innovation. Michael Rider’s stunning debut at Celine, Glenn Martens’ captivating first Margiela couture show, and Jonathan Anderson’s bold reinvention of his eponymous brand have all served as powerful indicators that luxury fashion […]