The BoF Podcast | Inside The Great Luxury Reset In the realm of luxury fashion, a profound transformation is underway. Imran Amed, the visionary founder and CEO of The Business of Fashion, and Luca Solca, the esteemed managing director of luxury goods at Bernstein, recently engaged in a riveting discussion with System Magazine’s Jonathan Wingfield. […]
A Slap on the Wrist Won’t Solve Luxury’s Sweatshops Problem
A Slap on the Wrist Won’t Solve Luxury’s Sweatshops Problem Luxury fashion brands have always been synonymous with glamour, sophistication, and exclusivity. However, behind the shimmering facade of haute couture lies a darker reality – the prevalence of sweatshops and poor labor practices in the industry’s supply chain. This week, the spotlight has once again […]
Indigenous Designers Are Driving Brands to Collaborate, Not Appropriate
Indigenous Designers Are Driving Brands to Collaborate, Not Appropriate The fashion industry has a long history of appropriating Native art and traditions, often without giving credit to the communities from which they are derived. However, there is a shift happening as more brands are recognizing the importance of ethical collaboration with Indigenous designers. This change […]
Ferragamo’s Revenues Fell 1% in First Quarter, Dragged by Weak Sales in Asia
Ferragamo’s Revenues Decline by 1% in Q1 Due to Weak Sales in Asia Italian luxury fashion house Salvatore Ferragamo, renowned for its exquisite footwear and accessories, faced a setback in the first quarter of the year as its revenues dipped by 1%. The brand, which is currently navigating the market without a CEO at the […]
Burberry’s Reset Begins to Click
Burberry’s Reset Begins to Click Burberry, the renowned British luxury fashion house, has recently made headlines with its strategic reset under new management. Despite facing challenges such as a swing to a loss in full-year profit and a 6 percent decline in quarterly sales, the company’s shares have soared as investors show confidence in its […]
The Resale Rockstars Selling Jeans for $20,000
The Resale Rockstars: Inside the World of Selling Jeans for $20,000 In the bustling streets of New York City, a group of resellers has been quietly revolutionizing the world of luxury fashion. Meet the 4G team, the masterminds behind an infamous showroom where rappers and athletes flock to load up on coveted brands like Chrome […]
Burberry Gets a Buy Rating From Citi for First Time in 17 Years
Burberry Group Plc Receives Buy Rating From Citi for First Time in 17 Years Burberry Group Plc, the renowned luxury fashion house, has recently experienced a significant boost in its market performance. The company’s shares surged by as much as 4 percent following the announcement that Citi had upgraded its rating on Burberry from neutral […]
Can Designer Perfumes Win Over the Niche Customer?
Can Designer Perfumes Win Over the Niche Customer? In the realm of fragrance, the competition between designer perfumes and niche brands has been heating up. Luxury fashion houses such as Bottega Veneta, Balmain, and Rabanne are venturing into the world of ultra-premium scents to tap into the lucrative niche fragrance market. However, they are facing […]
Louis Vuitton Names Pierre Castillon VP Communications, Strategic Planning And Digital
Louis Vuitton Names Pierre Castillon VP Communications, Strategic Planning And Digital Luxury fashion house Louis Vuitton has recently announced the appointment of Pierre Castillon as the Vice President of Communications, Strategic Planning, and Digital. In this new role, Castillon will report directly to Blake Harrop, overseeing the integration of strategic planning and performance measurement across […]
Nike Forms New Team for Secretive Brand With Kim Kardashian
Nike Forms New Team for Secretive Brand With Kim Kardashian Nike, the renowned sportswear company, has once again made headlines with its latest strategic move. The company is assembling a team of top executives and designers to collaborate on a new project with none other than Kim Kardashian. This secretive brand partnership with Skims, Kim’s […]