Articles by Diane Vanderschelden
Chanel relies on Sophie Brocart to lead its circular transition
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Chanel is taking a major step towards a more sustainable future by appointing renowned luxury executive Sophie Brocart to lead its new circularity initiative. Currently CEO of Patou, Brocart has extensive experience in relaunching luxury brands and a strong commitment to sustainable practices. Her appointment, exclusively reported on by WWD, is...
Against all odds: Luxury records an unexpected performance at the end of the year
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While the luxury sector has experienced some real turbulence this year, a study is shaking up the forecasts. According to the latest Saks Luxury Pulse survey, 82 percent of affluent consumers plan to increase their spending this holiday season. This almost unexpected burst of optimism offers new insights into the outlook for the sector. But what...
The price of reinvention: What’s at stake when brands change their creative directors?
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What drives creative director changes? Is it a dip in sales, a shift in the board's vision, or pressure from investors? And more importantly, what are the financial consequences when a brand changes its creative director? Massimiliano Giornetti, director of Polimoda and former designer for luxury brands like Salvatore Ferragamo and Shanghai...
Meta reveals augmented reality glasses, Orion
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Meta, always at the forefront of innovation, has once again revolutionised the digital world by unveiling its augmented reality (AR) glasses, Orion. Revealed at its Meta Connect conference, this device could one day replace smartphones, and has the potential to open up new perspectives for the fashion sector. By combining the latest advances in...
When Boohoo shareholders lose patience: Is a split the only way out?
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Boohoo Group PLC, owner of the Boohoo fast-fashion brand and the Debenhams department store chain, is facing increasing pressure from shareholders to split its businesses. According to a report in The Times, executives are now considering the drastic option in response to a falling share price and declining sales. Several shareholders have...
Fashion Week: Profitable investment or poker move?
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Fashion week, while a true showcase for the fashion industry, is a complex strategic operation. Paris Fashion Week kicked off on 23 September, offering experts the chance to take a look behind the scenes of such an event. Recent reports reveal the fundamentals of this industry: the costs are exorbitant, but so are the profitability stakes. So...
Dupe culture: The new threat to China's luxury sector
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Luxury brands are facing a new landscape: the rise of dupes and the changing purchasing behaviours of Chinese consumers. As the Chinese economy transforms, consumer behaviour is also undergoing a significant shift. The rise of counterfeit products and the decline in demand for luxury products illustrate a broader paradigm shift. The rise of...
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...