Fashion Briefing: EssilorLuxottica introduces hearing-device-equipped glasses at CES The highlight of the Group’s debut at CES was the unveiling of Nuance Audio, an eyewear prototype featuring integrated hearing technology. The Group started exploring ways to combine audio and eyewear 18 months ago, and it acquired Israeli company Nuance Hearing in late 2022 as one of its first steps...
Brunello Cucinelli defied luxury’s softening in 2023 Brunello Cucinelli, the Italian brand that has become synonymous with quiet luxury, had a standout year in 2023. Revenues surpassed 1.1 billion euros ($1.2 billion), a milestone achieved five years ahead of the initial ten-year plan set in 2019, which aimed to double the company's sales by 2028.
California’s PFAS regulation brings a reckoning for the fashion industry The fashion industry is set to be affected by another round of regulations — this time, they're centered on chemicals commonly used in clothing coatings.
What will happen to Browns after the Coupang-Farfetch deal? Farfetch, a prominent player in the luxury fashion retail sector, could still be evaluating a sale of its subsidiary, Browns, after its recent deal with South Korean Coupang.
Fashion Briefing: The Shein-ification of fashion and the rise of AI This year’s AI boom has improved the availability of real-time data analytics, while generative AI has provided new tools for content and design. At the same time, brands that previously dominated fast fashion, in terms of market share, like H&M and Zara owner Inditex, have been losing out to companies...
Jenna Lyons on turning her style recommendations into a shopping vertical The former J.Crew executive creative director, Jenna Lyons, made headlines this year by becoming a cast member of the 14th season of “The Real Housewives of New York City.” In 2020, Lyons said she didn’t ever want to do reality TV, but it was her 3-year-old eyelash business, LoveSeen, that...
The Roblox brand opportunity in 2024: Integrated commerce Because people are increasingly buying physical versions of digital fashions found on Roblox, Roblox will soon allow users to buy both digital and physical items within the Roblox platform through integrated commerce.
In 2024, web3 will offer brands new community-building opportunities Due, in part, to the announcement of crypto regulations, the crypto market was slow this year, only experiencing an uptick in the number of transactions toward the end of the year. This means that collectors and fans of making crypto purchases of NFTs were less likely to invest in the...
How Ulta Beauty is using AI to advance its tools and services QM was Ulta Beauty's first AI acquisition of several as the retailer has continued to prioritize AI capabilities. Both its digital innovation team and its investment fund, Prisma Ventures, are heavily focused on AI development and training.