The landmark acquisition of Yoox-Net-a-Porter (YNAP) by Mytheresa for €555 million ($609 million) marks a crucial shift in luxury e-commerce, a sector that has faced significant challenges in recent years. This merger might redefine competitive dynamics among luxury retailers and set the stage for a new era in online selling. The Significance of the Acquisition […]
Worldview: Seoul Fashion Week’s New Boss Reveals Future Plans
Seoul Fashion Week, a pivotal event in the global fashion calendar, is adopting a renewed focus on B2B strategies under the guidance of its new director, Ko Kyoung-in. From September 3 to 7, 2024, the event showcased approximately 100 brands, blending trade shows and runway presentations, while asserting its commitment to building enduring partnerships with […]
French Brand Sessùn Sells Majority Stake to Italian Fund, Eyeing International Expansion
In a significant move poised to amplify its global presence, Marseille-based fashion brand Sessùn has sold a majority stake to the Italian private equity firm Quadrivio. This transition from majority owner Experienced Capital and founder Emma François-Grasset positions Sessùn strategically to enhance its brand awareness and scale its operations, particularly outside France. Founded in 1996, […]
PVH Corp. Reports 6 Percent Sales Drop, Driven By Weak International Segment
In a challenging quarter for global retail, PVH Corp., the parent company of iconic brands Tommy Hilfiger and Calvin Klein, has reported a 6 percent decrease in sales compared to the previous year. This downturn highlights the ongoing struggles in the international market, significantly impacting PVH’s revenue in key regions such as Asia Pacific. For […]
Worldview: PDD Takes $55 Billion Share Hit After Warning of 'Inevitable' Profit Decline
In an alarming turn of events, PDD Holdings, the parent company of popular e-commerce platforms including Pinduoduo and Temu, has experienced a staggering $55 billion drop in its share value following warnings from executives about an “inevitable” profit decline. This decline comes as the company is grappling with increased competition both within China and in […]