Last week, Shein cut its absurdly inflated valuation down to a lower (but still absurd) one in anticipation of a rougher economic climate. Elsewhere, the Met Gala theme for 2023 was announced along with its co-chairs and new executives took over at several big luxury fashion brands and retailers.

For each brand, an owned resale channel represents something different. For some brands, resale is a money-making channel that’s profitable and prominently marketed. But for others, resale could be a customer acquisition tool, a way to increase the lifetime value of existing customers or of meeting sustainability goals.

This week, they take a look at the hoax around Adidas’s fake co-CEO, the future strength of the luxury industry in China and the reason so many brands are getting into resale.

Nike is one of the most eclectic and prolific collaborators in the sneaker business, regularly releasing new shoes made with everyone from athletes like Lebron James to luxury designers like Jacquemus. But this week, the brand is releasing its first ever collaboration with a women’s retailer with the Premium Goods...

The city of Hong Kong has just seven million people, yet by every metric it outperforms the United States and in luxury watch sales. More watches are sold on this little island in a year for more money than in a nation of 300 million people.

In 2020, Humberto Leon opened Chifa, a Chinese-Peruvian restaurant inspired by his dual heritage. Now, he's opening a second restaurant, Monarch. Unlike Chifa, in the heart of Los Angeles, Monarch is located in a relatively quiet city — Arcadia, about 13 miles outside of Los Angeles. It focuses on Hong...

There’s a lot of discussion in the industry around what’s happening in China and how to prepare for difficult global economic times. Nobody knows what to expect. Read on for analysis, as well as a look at Thom Browne’s lawsuit with Adidas and a preview of February’s NYFW schedule.

On this week’s episode, executive reshuffling at LVMH shows how the company continues to dominate global luxury, Stella McCartney reveals losses in 2021, and Uniqlo is raising the wages of its Japan-based workers by as much as 40%.

In the last two years, Instagram Shop never caught on the way Instagram hoped it would, especially among larger companies.