Week in Review: The Saks Fifth Avenue and Neiman Marcus merger This week, we talk about the complications around the ongoing merger between Saks Fifth Avenue and Neiman Marcus that would put almost every major American luxury department store under one company. Later, we talk about interesting tidbits from Inditex’s earnings and offer a preview of who’s showing and when at...
Fashion Briefing: The fashion industry is entering its acquisition era The ongoing series of acquisitions and sell-offs paint a picture of an industry in flux. Dried up funding has made it harder for newer brands to get off the ground while larger companies are looking to build out their portfolios to compete with mega conglomerates like LVMH or Kering.
Trove CEO Terry Boyle on how branded resale will shift in 2025 Branded resale tech company Trove has had a busy 2024. In May, Terry Boyle took over as CEO, and in August, Trove acquired its competitor, Recurate. Last month, Trove rolled out a new feature with Patagonia, one of its earliest clients, called the Resale Plugin. It allows brands to seamlessly...
Fashion Briefing: Matthieu Blazy and Louise Trotter have big shoes to fill The most coveted open position in fashion has finally been filled. This week, Chanel announced that Bottega Veneta creative director Matthieu Blazy will be taking over as artistic director for the brand. The position was previously held by Virginie Viard, the protege of the late Karl Lagerfeld, but it has...
Week in Review : The TikTok ban looms This week, we take a look at the looming TikTok ban, which looks likelier than ever now that three federal judges have ruled that the ban does not violate the First Amendment. Later, we talk about Coty securing the licensing deal to make Swarovski-branded fragrances and the growing appeal of...
How tech resale company Back Market is tapping into fashion trends On December 5, at a party held in Manhattan, Back Market debuted a new collection of tech-inspired wearable accessories called F/W 2005, designed in collaboration with Canadian artist and designer Gab Bois. The collection, up for sale on Back Market’s website, uses electronics sourced from Back Market to create hair...
Week in Review: Nike shuts down RTFKT, London bans exotic skins, Black Friday results This week, we talk about Nike shutting down its 2021 acquisition, NFT company RTFKT, as well as the current state of the much-diminished NFT market. Later, we discuss London Fashion Week’s decision to ban exotic skins and the results from Black Friday and Cyber Monday.
Fashion brands ‘caught between a rock and a hard place’ over US-China rivalry Xinjiang cotton and the use of forced labor is just one of many contentious issues that have arisen in the ongoing economic rivalry between the U.S. and China, two of the largest consumer markets in the world. Fashion brands often have large businesses in both markets, but increasing tensions between...
Affordable luxury handbags are booming According to the digital wholesale marketplace Joor, the growth of the affordable luxury handbag sector is swiftly outpacing more expensive handbag categories. Affordable handbags in a casual tote silhouette, specifically, are outselling high-luxury bags, showing a clear shift over the last three years.