Luxury Briefing: Luxury embraces demi-fine jewelry, as consumers seek ‘quality for price’ First lab-grown diamonds, now vermeil. The democratization of the fine luxury market continues, as 108-year-old Helzberg Diamonds introduces demi-fine, or gold-plated, jewelry to its product assortment. The move comes through a new partnership with digitally native jewelry company Aurate, as the latter inks its first wholesale deals in sync with a...
Week in Review: Birkenstock’s IPO, Prada’s beauty launch and Phoebe Philo’s return to fashion On this week’s Week in Review podcast, we discuss Birkenstock's road to IPO, Prada's beauty expansion via makeup and skin care, and Phoebe Philo's return to fashion, set to kick off in September.
Flower by Edie Parker’s Brett Heyman on navigating ‘wary’ investors and dispensary-focused distribution In 2019, Brett Heyman launched Edie Parker's cannabis-adjacent spinoff brand Flower by Edie Parker. On this week's Glossy Podcast, she discusses how she’s catering to Flower’s “much more engaged,” “much more excited” shoppers, plus how she’s holding true to her brand’s DNA while building a business in a federally illegal...
Luxury Briefing: Inside luxury’s acquisition spree, from brands to real estate Bigger is better, particularly for luxury fashion corporations. That was the message luxury leaders drove home this week, as they reported earnings and released news about major investments. Scooping up brands and splurging on real estate and marketing were among top trends across their announcements.
Luxury Briefing: US luxury spending expected to ‘bottom out’ On Monday, Swiss luxury goods group Richemont reported its earnings for the first quarter of 2023, revealing a revenue decrease of 2% year-over-year in the U.S. Three days prior, British luxury fashion brand Burberry reported an 8% year-over-year dip in quarterly U.S sales, following its 7% decline in the market...
The RealReal’s Rati Sahi Levesque: ‘Last year was a reset year’ Luxury resale company The RealReal, which went public in June 2019, is nearing profitability. “Next year, we will be profitable on a full-year basis,” Rati Sahi Levesque, the company’s president and chief operating officer, said on the latest episode of the Glossy Podcast.
- Week in Review: Global Fashion Summit takeaways, Omega’s price increases, and fashion rental for travel catches on
This week, we talk through the highlights of Copenhagen's Global Fashion Summit, the factors driving Omega's second price increase within the year and the interesting new experiment by Japan Airlines allowing travelers to rent clothes versus pack them.
Luxury Briefing: How Halston and Hervé Léger are hitting refresh for the post-pandemic era September and October’s Fashion Month Spring 2024 is set to be one for the books. Along with designers taking their final bows for brands, a number of newly appointed creative directors are set to reveal the first fashion collections showcasing their brand visions in all their glory. Among them: Halston...
Kendra Scott CEO Tom Nolan: ‘We’ve been bullish on retail, even through Covid’ In 2021, Kendra Scott passed on the CEO title she’d held for her 20-year-old namesake jewelry company to Tom Nolan, a Ralph Lauren and Condé Nast veteran who’d joined Kendra Scott in 2015 as a member of the board of directors. Between 2015-2021, Kendra Scott became “a very big business valued...