Versace Parent Capri Says Turnaround to Take a Year Capri Holdings, the parent company of renowned fashion houses Michael Kors, Versace, and Jimmy Choo, has recently announced that it anticipates a year-long turnaround to restore its financial standing. Despite the high expectations surrounding the luxury brands under its umbrella, Capri Holdings foresees fiscal 2025 revenue […]
Branded Resale Service Provider Archive Raises $30 Million
Branded Resale Service Provider Archive Raises $30 Million In the fast-paced world of fashion, sustainability and circular economy practices are gaining traction. Companies are increasingly looking for ways to extend the lifecycle of their products and reduce waste. One innovative solution that has been making waves is the concept of resale, where pre-owned items are […]
Trump’s Tariffs, Explained in 4 Charts
Trump’s Tariffs: Impact on the Fashion Industry The fashion industry is no stranger to volatility, but the recent tariffs imposed by the Trump administration have added a new layer of uncertainty. The rollout of these tariffs, along with the looming question of their duration and the possibility of more to come, has left fashion businesses […]
The BoF Podcast | The Luxury Crisis, Explained
The Luxury Crisis: Understanding the Forces Behind the Slowdown In a recent episode of The BoF Podcast, Imran Amed and Bob Safian engaged in a thought-provoking discussion about the current state of the luxury industry. The conversation revolved around the various forces that have contributed to the slowdown in the luxury sector and what steps […]
Ferragamo’s Sales Down 4% in Fourth Quarter
Ferragamo’s Sales in North America Buck the Trend, Rising 6.3% in Q4 Italian luxury fashion house Salvatore Ferragamo has recently reported a 4% decrease in sales for the fourth quarter of the fiscal year. Despite the overall dip in sales, the North American region emerged as a bright spot for the brand, with a notable […]
Vans Parent VF Corp Swings to Profit, Beats Sales Estimates
Vans Parent VF Corp Swings to Profit, Beats Sales Estimates VF Corp, the parent company of popular brands like Vans, has recently made a significant comeback in the retail industry. After facing two consecutive quarterly losses, the company has managed to turn a profit and exceed second-quarter sales estimates. This impressive achievement has not only […]
Saint Laurent’s Anthony Vaccarello: Master of Control
Saint Laurent’s Anthony Vaccarello: Master of Control Saint Laurent, a brand synonymous with luxury and sophistication, has once again captured the fashion world’s attention with its latest menswear collection. Under the creative direction of Anthony Vaccarello, the iconic fashion house has managed to push boundaries and redefine modern menswear. According to reports by fashion critic […]
CMA secures tougher action from Google on fake ratings
CMA Secures Tougher Action from Google on Fake Ratings The Competition and Markets Authority (CMA) has recently achieved a significant victory in the ongoing battle against fake reviews and ratings online. By leveraging its authority and influence, the CMA successfully secured changes from tech giant Google to enhance transparency and combat the prevalence of fake […]
Case Study | The Complete Guide to Communicating Value to Shoppers
Case Study | The Complete Guide to Communicating Value to Shoppers In the fast-paced realm of fashion, where trends come and go in the blink of an eye, one constant remains for businesses – the challenge of communicating the true value of their products to shoppers. With consumers becoming more discerning and price-conscious than ever […]
Burberry Soars After Demand Pickup Lifts Hope of Luxury Comeback
Burberry Soars After Demand Pickup Lifts Hope of Luxury Comeback Burberry, the iconic luxury brand, has recently experienced a surge in its performance, sparking hope for a revival in the luxury retail sector. Despite the challenges posed by the global pandemic, Burberry managed to weather the storm with resilience, reporting a smaller-than-expected quarterly sales drop […]