Articles by Diane Vanderschelden
Tapestry's Capri Holdings acquisition faces FTC opposition
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The fate of Capri Holdings, the parent company of Michael Kors, is on hold following an ongoing Federal Trade Commission (FTC) lawsuit challenging Tapestry's proposed 8.5 billion dollar acquisition of the group. According to the FTC, the merger of the Coach and Kate Spade brands, owned by the multinational holding company Tapestry, with Michael...
How China is redefining fashion: Jiao Pei discusses CHIC, technology and market strategies
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While in Shanghai for the China International Fashion Fair (CHIC), FashionUnited had the chance to hold a one-on-one conversation with Jiao Pei, the vice president of the event’s organiser China National Garments Association. He offered expert insights into China's textile industry, shedding light on current trends, market entry strategies for...
Emerging trends and future tech: Key highlights from CHIC Shanghai
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CHIC Shanghai has emerged a must-attend event for fashion creators, where innovation, sustainability, and Chinese design converge to shape the future of the industry. From August 27 to 29, exhibitors and participants from over 20 countries gathered at Shanghai Convention Center to discover the country’s latest creations and innovations. As Jiao...
Urban Outfitters: Disappointing results lead to share price drop
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Urban Outfitters Inc.'s latest quarterly financial results have sparked a negative reaction from investors, leading to a significant drop in its share price. The group, owner of popular brands Anthropologie and Free People, reported its Q2 performance last week that fell short of market expectations. Urban Outfitters Inc.'s share price fell...
Shein: CO2 emissions increased by 45 percent in 2023
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Ultra-fast fashion giant Shein is under scrutiny for its environmental and social practices. The company's latest sustainability report shows that greenhouse gas emissions increased by 45 percent by 2023. This significant increase underscores the environmental impact of Shein's fast-paced production model. More specifically, Shein's absolute...
Revolve: From e-commerce to physical retail, a bet to revive growth
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Faced with changing purchasing behaviors and intensifying competition, Revolve, a major player in fashion e-commerce, has decided to adapt its strategy by investing in physical retail. This decision is part of a desire to diversify its distribution channels and consolidate its position on the market. A proven economic model Long seen as a...
Adidas loses its lawsuit against Isabel Marant and Sandro
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In a major blow for Adidas, the Court of Cassation, France's supreme court for civil and criminal cases, definitively ruled on June 26, 2024 in favour of Isabel Marant and Sandro, thus ending six years of litigation. The German sportswear manufacturer filed a lawsuit in 2018, accusing the two fashion brands of counterfeiting its famous three...
The brutal awakening of the Chinese economy: Between the real estate crisis and the fall in consumption
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China, which for decades has been the main engine of global growth, is now facing a significant slowdown in economic activity. Despite Beijing's numerous efforts to stimulate the economy, it continues to show signs of weakening. The latest economic data, released on Thursday, reflects this trend: economic growth is slowing, unemployment...
With LA 2028 looming, can the Olympics be a long-term investment for fashion?
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The 2024 Paris Olympics have undoubtedly placed the fashion industry in the spotlight. Partnering with the Olympics gives brands unprecedented visibility and maximises marketing budgets, however some analysts have questioned whether direct sales will live up to the hype. But is this truly the primary objective? LVMH is a case in point. Despite...
Puma under pressure: Disappointing results and falling shares
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German sportswear giant Puma is going through a tough time. Despite CEO Arne Freundt's claims that the company is on track, second-quarter results have sparked a backlash from investors, sending its share price to a six-year low. While Puma posted a turnover of 2.12 billion euros in the second quarter, slightly down on the previous year, while...