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.
millennials
Latest News & Analysis
Luxury
With Brand at Crossroads, Burberry's CEO Bets Big on China's Young Money
Burberry's turnaround was always going to be an uphill battle. Now, as the pandemic thwarts the company's plans to reinvigorate top-line growth this year, Marco Gobbetti is betting that a digital edge with Asia's Millennial and Gen-Z clients will pay off.
With Brand at Crossroads, Burberry's CEO Bets Big on China's Young Money
Burberry's turnaround was always going to be an uphill battle. Now, as the pandemic thwarts the company's plans to reinvigorate top-line growth this year, Marco Gobbetti is betting that a digital edge with Asia's Millennial and Gen-Z clients will pay off.
China
Will Millennial Debt Threaten China’s Luxury Rebound?
Brands need to investigate how consumer debt will impact their recovery plans in the world’s largest luxury market. While some experts downplay concerns, others believe it could throw a spanner in the works.
Will Millennial Debt Threaten China’s Luxury Rebound?
Brands need to investigate how consumer debt will impact their recovery plans in the world’s largest luxury market. While some experts downplay concerns, others believe it could throw a spanner in the works.
Sustainability
The Year Ahead: Sustainability Takes Centre Stage
Next year, fashion players need to swap platitudes and promotional noise for meaningful action and regulatory compliance while facing up to consumer demand for transformational change.
The Year Ahead: Sustainability Takes Centre Stage
Next year, fashion players need to swap platitudes and promotional noise for meaningful action and regulatory compliance while facing up to consumer demand for transformational change.
News & Analysis
A Grown-Up Look At Why Millennials Are Dressing Like Children
"In the face of Brexit, the housing crisis, mounting student debt and being called snowflakes, wearing kitschy, unserious pieces is the ultimate
A Grown-Up Look At Why Millennials Are Dressing Like Children
"In the face of Brexit, the housing crisis, mounting student debt and being called snowflakes, wearing kitschy, unserious pieces is the ultimate
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Retail
The Future of Luxury Is Freedom
Beyond goods, services and experiences, freedom will become the ultimate signifier of status.
The Future of Luxury Is Freedom
Beyond goods, services and experiences, freedom will become the ultimate signifier of status.
Retail
Cash-Strapped Millennials Turn to Instalment Plans to Buy T-Shirts and Jeans
Filling a gap between credit cards and store credit, buy-now-pay-later start-ups are increasingly popular with millennials but they are not without risk.
Cash-Strapped Millennials Turn to Instalment Plans to Buy T-Shirts and Jeans
Filling a gap between credit cards and store credit, buy-now-pay-later start-ups are increasingly popular with millennials but they are not without risk.
China
China’s Streetwear Empire Yoho! Raises $25 Million
C Ventures founders Adrian Cheng and Clive Ng led a Series E+ investment round in one of China’s most influential streetwear platforms.
China’s Streetwear Empire Yoho! Raises $25 Million
C Ventures founders Adrian Cheng and Clive Ng led a Series E+ investment round in one of China’s most influential streetwear platforms.
Luxury
Millennials Love Gucci and Louis Vuitton
Eighteen to 35 year olds contributed 85 percent of luxury growth last year, finds a new report by UBS.
Millennials Love Gucci and Louis Vuitton
Eighteen to 35 year olds contributed 85 percent of luxury growth last year, finds a new report by UBS.
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Luxury
How Selfies, the Sharing Economy and Sugar Daddies Are Boosting Luxury Profits
The rise of selfie culture has turbo-charged desire for luxury goods. Now, cultural shifts are putting these products in the hands of untold millions, giving brands much to smile about.
How Selfies, the Sharing Economy and Sugar Daddies Are Boosting Luxury Profits
The rise of selfie culture has turbo-charged desire for luxury goods. Now, cultural shifts are putting these products in the hands of untold millions, giving brands much to smile about.
Retail
These Are the Best Loved Brands of Fashion-Forward Millennials
A new Goldman Sachs report with Condé Nast highlights millennial shoppers' top 10 favourite brands.
These Are the Best Loved Brands of Fashion-Forward Millennials
A new Goldman Sachs report with Condé Nast highlights millennial shoppers' top 10 favourite brands.
Luxury
Sneakers: Luxury’s Gateway to Millennials
Luxury sneakers are the ultimate status symbols for a new generation of consumers. Now brands like Balenciaga, Versace and Gucci are upping their game.
Sneakers: Luxury’s Gateway to Millennials
Luxury sneakers are the ultimate status symbols for a new generation of consumers. Now brands like Balenciaga, Versace and Gucci are upping their game.
Retail
The Gucci-Gap Divide: How Luxury Is Winning the Race for Millennial Spend
Luxury labels like Gucci and Balenciaga — whose $1,300 'T-Shirt Shirt' spawned countless memes this week — are pulling away from the pack. When was the last time a Gap t-shirt generated that kind of traction on Instagram?
The Gucci-Gap Divide: How Luxury Is Winning the Race for Millennial Spend
Luxury labels like Gucci and Balenciaga — whose $1,300 'T-Shirt Shirt' spawned countless memes this week — are pulling away from the pack. When was the last time a Gap t-shirt generated that kind of traction on Instagram?
The News in Brief
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.
Ulta Beauty Forecasts Annual Profit Below Estimates
Shares declined in after-hours trading as the beauty retailer expressed a cautious outlook for 2026.
Exclusive: Brita Invests in Shower Filter Firm Hello Klean
The German water filtration firm has acquired a minority stake in Hello Klean, which sells shower heads it claims mitigate the effects of hard water.
AII Launches Industry-First Tool Standardising Measurement of Carbon Emissions
The new tool published by the climate-focused nonprofit aims to create a standardised benchmark across textile facilities to accelerate fashion’s efforts to decarbonise.
Marco De Vincenzo Exits Etro
The creative director’s departure after four years was a decision of ‘mutual agreement’ according to the Italian label.