In a significant move within the fashion media landscape, i-D magazine has announced the appointment of Jamie Reid as the global creative director and Steff Yotka as the global editorial director. This decision comes as the iconic publication embarks on a new chapter following its acquisition by model and entrepreneur Karlie Kloss’ Bedford Media from […]
Gucci-Owner Kering Slumps to 2017 Low on China Demand Fears
Kering SA, the French fashion powerhouse known for its luxury brands including Gucci, has been dealt a significant blow as its stock plummets to a seven-year low. This steep decline can be attributed primarily to alarming reports regarding weakened demand from China, a key market for luxury goods. Analysts are now expressing concerns that the […]
Givenchy Names Sarah Burton Its New Designer
In a decisive turn for the luxury fashion scene, Givenchy has officially announced Sarah Burton as its new creative director, marking a significant moment for both the brand and the designer. Burton, known for her innovative approach at Alexander McQueen, takes on the challenge of guiding Givenchy as it seeks to carve a distinct identity […]
Tiffany to Downsize China Flagship as Spending Dives
The luxury market is witnessing significant transformations, with Tiffany & Co. at the forefront of these changes. The LVMH-owned jeweler has announced plans to downsize its flagship store in Shanghai amidst sharply declining sales in China, the world’s second-largest economy. This decision was reportedly influenced by a noticeable shift in consumer behavior and economic challenges […]
Bustle and W Magazine Owner BDG Closes Investment Round
BDG, the parent company of Bustle, Nylon, and W magazine, has recently finalized a major funding round with significant backing from Medici Capital Partners. This financial boost is imperative for the media company as it seeks to implement a comprehensive turnaround strategy aimed at attracting wealthier readers. The funds will facilitate a revival of the […]