Edward Buchanan Opens New Creative Hub in Milan
A new space called The Situation will host exhibitions and residencies and provide resources to Black, queer and other under-represented creatives.
consumers
Global Markets
How Much Will Luxury Benefit From Australia’s Reopening?
Wealthy tourists are key to the recovery of the Australian luxury market but analysts predict that the sector won’t return to pre-pandemic levels until next year.
Financial Markets
Why Fashion Week Is Here to Stay
As the Covid-19 crisis recedes, Pierre Mallevays examines the life, death and rebirth of fashion week.
Workplace & Talent
Are Fashion Companies Holding Firm on Diversity Commitments?
This year will serve as the critical litmus test for consumers and fashion staffers alike to filter out the companies that don’t, and do, view diversity as a long-term exercise.
Entrepreneurship
The Evolving Fashion-Cannabis Playbook
A decade ago, the London-based skate brand Aries met resistance when it introduced a Batik-inspired print emblazoned with cannabis leaves.
Workplace & Talent
A Guide to Fashion’s New C-Suite
The executive ranks at big brands increasingly include once-unknown job titles, reflecting an industry-wide shift in focus to improve its record on areas such as diversity, sustainability and logistics.
China
The Unsung Employees Behind China’s Luxury Retail Boom
Local sales assistants are incredibly valuable to brands in China, but some say they have too much leverage over VIP clients.
Technology
The Crypto Wealthy Are Luxury’s New Big Spenders
The swelling ranks of the crypto-rich are boosting US luxury sales, and unlike previous generations of tech wealth, many are splashing out large sums on fashion that gets them noticed.
Retail
Why Activist Investors Are Targeting Department Stores
Hedge funds are urging Kohl’s and Macy’s to consider radical changes to how they operate as the retailers struggle to reverse decades of decline.
Workplace & Talent
Keeping Store Employees Safe Without a Vaccine Mandate
The jab is just one of several critical tools retailers can use to keep store workers healthy but it can’t, on its own, clear persistent staffing hurdles.
Retail
The Two Hottest Cities in America
Young, wealthy professionals have flooded Miami and Austin over the last 18 months, and luxury brands are following the money. But selling to a newly minted tech millionaire isn’t always so simple.
Global Markets
The Denim Industry’s ‘Best-Kept Secret’
Pakistan’s denim apparel exports to the US have overtaken China’s, thanks to local entrepreneurs who have built a vertically-integrated manufacturing hub in the South Asian nation.
Retail
Why Fashion Can’t Escape the Discount Cycle
Last year, American retailers seemed to have broken their habit of relying on deep promotions, thanks to limited inventory and pent-up demand. These beneficial circumstances, experts say, may be disappearing in 2022.
The News in Brief
L’Oréal Joins Forces With Nykaa to Invest in Indian Beauty Brands
BOLD, the French conglomerate’s venture capital fund, will collaborate with retailer Nykaa to invest in the next generation of Indian beauty brands.
Private Equity Firm Inflexion Invests in Manucurist
The European investor, which previously backed Medik8, has taken a 49 percent stake in the premium French nail line.
H&M Profit Rises on Tariff Refunds as Sales Remain Sluggish
US tariff refunds drove an increase operating profit, even as the fast-fashion retailer has struggled to deliver consistent sales growth.
Arnault Clan to Change LVMH Holding Structure to Ensure Control
Under the plan, the world’s biggest luxury group will be controlled by one entity, Agache SCA, after Christian Dior SE, one of the current holding companies of LVMH, is delisted.
JD Sports Says Nike Turnaround Is Only a Matter of Time
Dominic Platt, chief financial officer of the British sportswear retailer, told Reuters, ‘Much as there's a lot of talk about Nike, it's still the most popular brand out there and it's still a very strong brand.’
Chanel Plans to Keep Investing in China Despite Demand Downturn
CEO Leena Nair pointed to the brand’s recent renovation of its Plaza 66 boutique in Shanghai, calling China ‘a market where the clients understand sophistication, refinement.’
Meta Expected to Unveil Smart Glasses Without Camera
Smart glasses have become a target of criticism in recent months amid growing concerns they can be used to record people without their consent.