Puig Announces New CEO
xxxJose Manuel Albesa will succeed Marc Puig, becoming the first non-family member to lead the Spanish conglomerate in more than 20 years.
investment
Technology
What Brands Need to Know About Accepting Cryptocurrency
Gucci, Balenciaga, Farfetch and others are adopting crypto payments. But before brands follow, they need to consider a number of factors, from how to handle transactions to the risks involved.
What Brands Need to Know About Accepting Cryptocurrency
Gucci, Balenciaga, Farfetch and others are adopting crypto payments. But before brands follow, they need to consider a number of factors, from how to handle transactions to the risks involved.
Retail
How to Take a Brand From Local to Global
For most of its first two decades, Farm Rio was little known outside its native Brazil. But since entering the US in 2019, the dressmaker has made a splash in contemporary womenswear, with sales reaching $50 million in its new market last year. Next up: Europe.
How to Take a Brand From Local to Global
For most of its first two decades, Farm Rio was little known outside its native Brazil. But since entering the US in 2019, the dressmaker has made a splash in contemporary womenswear, with sales reaching $50 million in its new market last year. Next up: Europe.
Sustainability
Goldman-Backed Recycled Cotton Supplier Valued at $1 Billion
The Spanish company Recover, whose clients include Zara-owner Inditex and Revolve, raised $100 million in a funding round led by Goldman Sachs as it targets growth amid mounting demand for recycled fibres.
Goldman-Backed Recycled Cotton Supplier Valued at $1 Billion
The Spanish company Recover, whose clients include Zara-owner Inditex and Revolve, raised $100 million in a funding round led by Goldman Sachs as it targets growth amid mounting demand for recycled fibres.
Entrepreneurship
Felix Capital Is Backing Web3 Natives With New Funds
With its funds doubling to $1.2 billion, the venture-capital firm is searching for the next wave of companies that will enable consumers’ increasingly digital lifestyles.
Felix Capital Is Backing Web3 Natives With New Funds
With its funds doubling to $1.2 billion, the venture-capital firm is searching for the next wave of companies that will enable consumers’ increasingly digital lifestyles.
Financial Markets
Luxury E-Commerce: Crash or Correction?
In a little more than one year, luxury e-commerce stocks, from Farfetch to The RealReal, have plummeted from astronomical highs to trading at significant discounts to benchmark Amazon.
Luxury E-Commerce: Crash or Correction?
In a little more than one year, luxury e-commerce stocks, from Farfetch to The RealReal, have plummeted from astronomical highs to trading at significant discounts to benchmark Amazon.
China
Rethinking China’s Beauty Market
As global brands face headwinds in China, L’Oréal and Shiseido are betting on new investment funds targeting C-beauty companies to sustain growth.
Rethinking China’s Beauty Market
As global brands face headwinds in China, L’Oréal and Shiseido are betting on new investment funds targeting C-beauty companies to sustain growth.
Global Markets
The Middle East Fashion Week Labyrinth
Designers in the region struggle to navigate a fragmented market of competing fashion week events with ambiguous agendas and mixed results.
The Middle East Fashion Week Labyrinth
Designers in the region struggle to navigate a fragmented market of competing fashion week events with ambiguous agendas and mixed results.
Retail
Can Levi’s Be More Than a Denim Brand?
The American retailer wants to reach $10 billion in sales by 2027, with plans to open more stores, expand into new categories and potentially buy other fashion companies.
Can Levi’s Be More Than a Denim Brand?
The American retailer wants to reach $10 billion in sales by 2027, with plans to open more stores, expand into new categories and potentially buy other fashion companies.
Global Markets
Vietnam’s Luxury Market Is Heating Up
Gucci and Tiffany are among the brands investing in the Southeast Asian market with an increasingly wealthy and cosmopolitan consumer class.
Vietnam’s Luxury Market Is Heating Up
Gucci and Tiffany are among the brands investing in the Southeast Asian market with an increasingly wealthy and cosmopolitan consumer class.
Technology
What Happens to Fashion’s Start-Ups When Funding Dries Up?
After more than a decade of investors pouring money into seemingly any new company, profitable or not, many now look to be pulling back.
What Happens to Fashion’s Start-Ups When Funding Dries Up?
After more than a decade of investors pouring money into seemingly any new company, profitable or not, many now look to be pulling back.
Workplace & Talent
How to Win Back Employees Who Quit During the Pandemic
Scores of people who quit their jobs during the pandemic are open to giving their former employers a second chance. But winning these workers back requires a bit of extra effort.
How to Win Back Employees Who Quit During the Pandemic
Scores of people who quit their jobs during the pandemic are open to giving their former employers a second chance. But winning these workers back requires a bit of extra effort.
Sustainability
Kering Invests in Lab-Grown Leather Startup
The French luxury giant participated in a $46 million funding round intended to accelerate commercialisation of San Francisco-based VitroLabs’ lab-grown leather.
Kering Invests in Lab-Grown Leather Startup
The French luxury giant participated in a $46 million funding round intended to accelerate commercialisation of San Francisco-based VitroLabs’ lab-grown leather.
The News in Brief
Spandex Maker Lycra Files for Bankruptcy After Years of Stress
The company has been hampered with disruptions to supply chains, elevated inflation, growing competition from low-cost manufacturers and trade tariffs.
US SEC Preparing to Eliminate Quarterly Reporting Requirement, WSJ Says
The proposal would give companies the option to share results twice a year.
Kering Unveils New Jewellery Unit, Merges Fashion Brand Reporting
Kering’s newly created jewellery division regroups Boucheron, Pomellato, Dodo and Qeelin brands as the company aims to pool resources. The conglomerate is also regrouping fashion brand reporting, shielding smaller labels from investor scrutiny.
Bondholders Approve Saks Global’s Five-Year Business Plan
Saks is moving towards exiting bankruptcy and tapped an additional $300 million of its Chapter 11 financing package.
Luxury Stocks Face Most Bearish Sentiment in Years, UBS Says
War in the Middle East, the luxury industry’s fastest-growing market, threatens to delay a long-expected rebound in demand.
Trump Signs Order to Combat Fraudulent ‘Made in America’ Labels, White House Says
The executive order directs the FTC chairman to prioritise enforcement of existing laws against sellers and manufacturers who falsely claim products are made in America.
Lanvin Deputy CEO Siddhartha Shukla Exits Brand
Owner Lanvin Group said it is ‘fully committed’ to the French label’s development under creative director Peter Copping, with CEO Andy Lew in charge of management.