Bloomberg has reported that Hermès International will be joining Euro Stoxx 50, one of Europe’s main equity benchmarks. This will put Hermès in the spotlight of major investors. The luxury leather goods maker will replace Universal Music Group N.V. in the Euro Stoxx 50 according to a statement issued from index operator Qontigo on Wednesday....
Dec 3, 2021
Billboard has reported that P. Diddy is looking to buy back his Sean John fashion line from the brand’s bankrupt owner. Diddy had sold most of the apparel line to Global Brands Group in 2016, but this summer GBG filed for Chapter 11 bankruptcy after the devastating blow they took from COVID-19. The affiliate of GBG that controls Sean John filed...
In a 2021 update of its ‘Out of Sight: A Call for Transparency from Field to Fabric’ report, Fashion Revolution has suggested supply chain transparency was increasing, but at an incline that remains both too slow and shallow. Among the 63 major fashion brands examined by the organisation, it was reported that only two disclose a full list of...
London high street retailer, River Island, has partnered with Canadian brand The Bay. Through the partnership, River Island will be available to Canadian consumers. The brand’s men’s and women’s styles has also officially launched on The Bay’s website. In-store collections will arrive at the retailer’s select Hudson’s Bay stores in spring of...
A new agreement between Coach and Rockefeller Center will see the fashion brand host three years of winter activations at the New York institution. Celebrations begin this year, with the opening of Aprés Skate at Rockefeller Center presented by Coach, an ice rink sitting under the iconic Christmas tree the location has become known for. A chalet...
Uruguayan accessory designer Gabriela Hearst has announced the launch of an initiative that will see 100 percent of her net proceeds go towards Save the Children’s Afghanistan Crisis Children’s Relief Fund. From December 1 to 25, the net proceeds across all ready-to-wear, handbags and accessories in Gabriela Hearst flagship stores and the brand’...
The figures speak for themselves - the sneaker business is still booming. More than 1.5 billion US-dollars were raised by sneaker companies this year. The green sneaker label Allbirds is just the latest example. So who are the other companies that have benefited from fresh funding? 4 million The sneaker investment app Rares is based on an idea...
The price of clothing and accessories is set to increase in 2022, despite the easing of coronavirus woes. Data from the McKinsey and BoF State of Fashion 2022 report show an average price increase of 3 percent across apparel categories. While a recovery to pre-pandemic levels is set for 2022, with growth rates forecast between 3 and 8 percent,...
At the Morgan Stanley Virtual Global Consumer & Retail Conference on Thursday, Versace parent Capri Holdings said the Italian luxury house is on track to surpass 1 billion dollars in sales this year. Capri Holdings’ chief executive John Idol said “It just doesn’t happen in a year or two years. It takes five and it takes 10 years. So we’re a few...
The Verticale, an online marketplace for conscious consumerism and values-driven shopping founded by Jaclyn Grauman and Michelle Silverstein, has acquired The Helm Shop’s assets and IP. The Helm Shop is the e-commerce arm of a New York City-based venture firm, The Helm, led by Lindsey Taylor Wood and Julie Weber, which is committed to elevating...
Dec 2, 2021
As it comes to the year’s end, businesses have started to detect the subtle light at the end of the covid tunnel. The pandemic has forced the fashion industry to adapt to a ‘new normal’ and the development in technology has contributed a significant impact to the direction fashion is progressing. Looking ahead to the not-so-near future, The...
British luxury department store Harvey Nichols has become another player in the non-fungible token (NFT) sphere, with the launch of a 20,000 avatar collection and related consumer competition. The NFT avatars were made in collaboration with Rtfkt Studios’ Clone X Project, with some additions also designed by Japanese contemporary artist, Takashi...
This site uses cookies to deliver its services, to personalise ads and to analyse traffic. If you continue browsing the site, you agree to our use of cookies.