The Latest
-
Kering projects a 47% operating income drop in 2024
Declines at Gucci and Yves Saint Laurent in the third quarter were offset slightly by an uptick at Bottega Veneta, but the company’s overall downward trend persisted.
-
Miu Miu is the world’s hottest brand again, although luxury’s power is slipping: report
The Q3 Lyst Index revealed a new roster of contemporary and premium brands vying for a place in high-end closets.
-
Zara launches repair, resale and donation services in the US
The Inditex-owned company is positioning the program as a step toward its goal of achieving carbon neutral emissions by 2040.
-
Victoria’s Secret Fashion Show promised equity, provided entertainment
After a six-year hiatus, the live event returned with new models, runway veterans and plenty of confetti.
-
Ex-Abercrombie CEO Mike Jeffries arrested on sex trafficking, prostitution charges
Federal prosecutors say Jeffries leveraged his position at the apparel retailer, including promising men modeling jobs, to further the alleged crimes.
-
Mulberry’s board joins majority shareholder in rejecting Frasers acquisition bid
This was the minority shareholder’s latest offer to acquire the shares it did not already own in the luxury company.
-
Gen Phoenix creates 2 new executive roles
The recycled leather company named a chief revenue officer and a chief strategy officer as it works to expand its market reach.
-
Thom Browne pulls Zegna Group Q3 revenue down 8%
Luxury sector challenges hit all the company’s brands, including Tom Ford Fashion and its namesake label.
-
True Religion enlists Megan Thee Stallion to tap into hip-hop culture
The rapper is “hotter than hot right now” and makes the holiday campaign a “milestone moment” for the brand, according to CMO Kristen D’Arcy.
-
Narrow, horizontal silhouette handbags are 2024’s ‘it’ bag: report
Luxury resale platform Fashionphile released its top selling handbags and accessories and predicted future trends.
-
Levi Strauss taps Maersk for fulfillment and logistics
The logistics provider opened an omnichannel facility in Ohio to service Levi’s wholesale, retail and e-commerce channels.
-
Champion releases collab with the MoMA Design Store
The collection includes hoodies, shirts and jackets inspired by the athleticwear brand’s archives.
Updated Oct. 23, 2024 -
Sway scaling compostable seaweed-based polybags with fashion brands
Prana, Faherty and other brands will begin using the bags to package items like shirts and shorts. California-based material innovation startup Sway says the next applications it’s eyeing include mailers and multilayer packaging.
Updated Oct. 25, 2024 -
EssilorLuxottica sees slight revenue increase as it looks to solidify its position in med-tech
The Ray-Ban owner’s partnership with tech giant Meta for wearables was one of its “strongest drivers of the quarter.”
-
Deep Dive
Why apparel companies embrace supplier scorecards
The tool can help build more transparent sourcing relationships and better measure supply chain metrics.
-
LVMH continues to be hit by luxury sector challenges
Fashion and leather goods revenue was down 6% for the third quarter due in part to softening demand throughout Asia.
-
EBay expands fashion circularity fund with $1.2M investment
Startups and small businesses can apply for financing to launch services like apparel rental and repair.
-
Adidas momentum continues with 7% sales growth
Preliminary results for the third quarter also showed that, excluding Yeezy sales from this year and last, currency-neutral revenue surged 14%.
-
Ferragamo predicts more revenue declines in 2024
After reporting a 9.6% year-over-year drop in Q3, the luxury company’s CEO said he expects the downward trend to continue.
-
Lorenzo Serafini named creative director of Alberta Ferretti
The former Ferretti diffusion line designer replaces the brand’s founder, who stepped down from her role in September after 24 years.
-
Guess launches recycling initiative with SuperCircle
The program, called Guess Again, allows customers to mail in textiles of any brand.
-
Altuzarra and P180 to launch online rental
The brand is partnering with a firm co-founded by former Wolverine CEO Brendan Hoffman to change the way consumers engage with luxury fashion.
-
The ILA strike is over. What should shippers prioritize now?
While the strike was short-lived, it could take weeks to clear cargo backlogs and bring ports back to normal operations.
-
Mulberry majority shareholder rejects second acquisition bid from Frasers
Despite an increased offer, the luxury fashion brand’s shareholder said it “has no interest” in selling its shares to the minority shareholder.
Updated Oct. 15, 2024 -
Sustainable materials firm Modern Meadow names new CEO
David Williamson will take on the top spot after previously serving as president and COO.