Op-Ed | Should LVMH Split Up? The luxury goods industry has always been a fascinating realm, with its blend of opulence, prestige, and financial intricacies. In recent times, the idea of LVMH splitting up has been circulating within the business world, particularly the prospect of spinning off Moët Hennessy. This proposition has sparked debates and […]
The EU’s Retreat on Sustainability Regulations, Explained
The EU’s Retreat on Sustainability Regulations, Explained The European Union has long been a global leader in pushing for sustainability regulations across various industries, including fashion. However, a recent move by the EU to relax stringent sustainability rules has raised eyebrows and sparked debate within the business world. The proposed changes would ease the burden […]
St. John Knits Shakes Up Leadership
St. John Knits Shakes Up Leadership St. John Knits, the renowned luxury fashion brand, is undergoing a significant leadership shakeup. This change comes on the heels of the promotion of chief executive Andy Lew to the prestigious position of executive president of the parent company, Lanvin Group. In response to this transition, St. John Knits […]
Clothing Rental Has Been a Fast-Growing Business for Urban Outfitters. Now It’s a Profitable One Too.
Clothing Rental Has Been a Fast-Growing Business for Urban Outfitters. Now It’s a Profitable One Too The concept of clothing rental has been taking the fashion industry by storm in recent years, offering consumers a more sustainable and cost-effective way to enjoy the latest trends without the commitment of ownership. Urban Outfitters, a retail giant […]
Palm Angels’ Francesco Ragazzi Launches Fragrance Line
Palm Angels’ Francesco Ragazzi Launches Fragrance Line Francesco Ragazzi, the creative genius behind Palm Angels, is set to make waves in the world of luxury fragrances with the launch of his seven-piece collection, Réservation. This highly anticipated line is slated to debut at the prestigious specialty retailer Violet Grey on March 3, promising a harmonious […]
Poor Payors: Assessing the Storm Around Saks
Poor Payors: Assessing the Storm Around Saks The recent letter sent by the department store operator, Saks, to brands has sent shockwaves through the fashion industry. In a move that underscores a growing power imbalance in the wholesale market, the letter is a stark reminder of the challenges faced by suppliers in an environment that […]
Saks Needs to Earn Back Brands’ Trust
Saks Needs to Earn Back Brands’ Trust Relations between the owner of Saks, Neiman Marcus, and Bergdorf Goodman and its vendors are at an all-time low. But both sides need each other more than they’d like to admit. The world of luxury retail is built on relationships as much as it is on the products […]
Report: Prada Evaluates Possible Versace Bid
Report: Prada Considers Acquisition of Versace Amid Financial Evaluation Italian luxury fashion house Prada is making strategic moves in the competitive fashion industry by exploring the possibility of acquiring Versace, a renowned Italian brand currently under the ownership of Capri Holdings Ltd. This decision comes in the wake of Versace experiencing a downturn in its […]
Worldview: Ukraine’s Adaptive Fashion for the War Wounded
Worldview: Ukraine’s Adaptive Fashion for the War Wounded In a world where the fashion industry often focuses on glamour and trends, Ukraine’s adaptive fashion for the war wounded is a poignant reminder of the power of clothing to heal and empower. As Ukraine continues to navigate the effects of ongoing conflict, innovative approaches to fashion […]
OTB’s Annual Sales Fall 4% Despite Growth at Diesel and Margiela
OTB Struggles with 4% Sales Decline Despite Success Stories at Diesel and Margiela Italian fashion conglomerate OTB, known for its renowned brands such as Diesel, Jil Sander, Maison Margiela, Marni, and Viktor&Rolf, faced a challenging year in 2024. Despite individual success stories within the group, OTB reported a 4.4% decline in turnover, amounting to €1.8 […]