Hermès Sales Accelerate, Raising Hopes for China Turnaround The renowned luxury brand Hermès has recently reported a significant surge in revenue, marking an 18 percent increase at year-end. This positive development has sparked optimism among investors and industry experts, particularly due to the notable sales growth in China. The country’s previously sluggish economy had been […]
Mulberry Wants to Make Brit Bags Cool Again
Mulberry’s Revamped Strategy: Bringing British Bags Back to the Forefront Mulberry, the iconic British luxury brand, has had its fair share of ups and downs over the years. Despite once being a beloved label known for its craftsmanship and quality, the company has struggled with dwindling profits and missed opportunities to capitalize on emerging trends. […]
Zegna Group Returns to Growth in Fourth Quarter
Ermenegildo Zegna Group Returns to Growth in Fourth Quarter Italian luxury fashion house Ermenegildo Zegna Group has made a remarkable comeback, showcasing a return to growth in the fourth quarter. This resurgence comes as a beacon of hope and resilience in the challenging landscape of the fashion industry, marking a significant milestone for the renowned […]
Trump Targets Private Companies in DEI Rollback
Trump Targets Private Companies in DEI Rollback The landscape of diversity, equity, and inclusion (DEI) initiatives in the United States is facing a sudden and significant shift. The newly inaugurated US president has signed several executive orders aimed at ending these programs, signaling a rollback on efforts to promote equality and representation in the workplace. […]
The Philosophy Behind Lemaire’s $100 Million Ascent
The Philosophy Behind Lemaire’s $100 Million Ascent In the fast-paced world of fashion, where trends come and go like the wind, one Paris-based label has managed to carve out a unique niche for itself by staying true to its core philosophy. Lemaire, known for its androgynous and utilitarian designs, has seen a remarkable rise in […]
Advancing Gender Equality in the Digital Age: UN Women and ITU Outline Strategies for the GDC
In an era defined by digital transformation, the conversation around gender equality has taken on renewed significance. The United Nations Women and the International Telecommunication Union (ITU) recently highlighted essential strategies to address the digital gender divide during the Internet Governance Forum (IGF) 2024. Fostering gender equality in this digital landscape is not merely a […]
This Week: Chanel Under the Microscope
Chanel, the renowned French couture and beauty powerhouse, is the subject of intense scrutiny within the luxury industry. Anticipation is building as the luxury giant is expected to announce a new designer before the Christmas holidays, which adds to the buzz surrounding the brand. However, the reasons for this spotlight extend beyond personnel changes. Historically, […]
Fixing Luxury’s Value for Money Problem
As luxury brands continue to flourish, they face a critical juncture where their value proposition is under intense scrutiny. The COVID-19 pandemic brought unprecedented demand for luxury goods, which many brands capitalized on by increasing prices drastically. While these brands thrive in revenue growth, they encounter a pressing need to rethink their approach toward creativity, […]
Next Launches Luxury E-Commerce Site ‘Seasons’
UK retail giant Next has recently made a significant move in the luxury online shopping sector with the launch of Seasons, a dedicated e-commerce platform aimed at high-end brands. This initiative comes in the wake of various challenges faced by established luxury e-tailers, such as the collapse of Matches Fashion and the consolidation seen in […]
Next Raises Outlook Again With Profit Set to Top £1 Billion
Next Plc, a prominent player in the British fashion and homewares sector, has once again raised its profit guidance, now anticipating an annual pretax profit of over £1 billion ($1.3 billion) for the first time. This marks the third upward revision this fiscal year, with earlier expectations set at £995 million and initially at £980 […]