The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
Phoebe Philo will finally debut her namesake brand in September with what appears to be a digital-first approach. On Thursday, the famously social media-shy design star launched the Instagram account @phoebephilo, announcing plans to unveil her first collection for the brand via phoebephilo.com, which will open for customer registrations in July.
Philo has been largely silent since July 2021, when she announced her return to fashion after a three year hiatus with a start-up brand backed by LVMH, which has a minority stake in the venture.
“Being in my studio and making once again has been both exciting and incredibly fulfilling,” she told BoF at the time. “I am very much looking forward to being back in touch with my audience and people everywhere. To be independent, to govern and experiment on my own terms is hugely significant to me.”
Since then Philo has been building her team, strengthening the design and business sides of the label with key hires, including former Asos executive and McKinsey veteran Patrik Silén, who started as managing director last May. But the brand’s debut has been delayed more than once.
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Philo’s understated, minimalist reinvention of LVMH’s Celine label powered a wildly successful growth spurt, pushing annual sales from €200 million in 2008 to more than €700 million in 2017, the year she stepped down.
But launching a luxury start-up, without existing brand awareness and key retail infrastructure, is a difficult proposition, even for star designers like Philo with her fanbase of “Philophiles.” It’s the reason why so few of the industry’s top designers do their own labels.
The rise of digital distribution has changed the game. It’s far more possible to scale a young brand online than in the physical world, where luxury retail space is expensive and hard to secure.
Building a direct-to-consumer e-commerce business requires greater investment than simply wholesaling to third-parties, but it offers better margins and far greater control over everything from customer data to pricing, making it much easier to rapidly test and optimise a strategy. In a noisy market, going direct also allows young labels to send a much clearer brand signal.
Of course, you still need strong creative content and you need to be fluent with social media to attract and engage an audience.
Under Philo, Celine was a social media hold out, even as e-commerce became one of luxury’s key growth drivers. And landing on a fresh creative vision that pushes beyond the chic sportswear which defined Philo’s Celine and that will resonate online is no doubt a challenge
Still, Philo is one of fashion’s most respected and successful designers, and the industry is likely to get behind the venture. So are her devoted fans.
In the four hours since launch, Philo’s new Instagram account has clocked up over 50,000 followers. And by opening website registrations in July, ahead of a September debut, Philo stands to build a database that will help turn her following of ‘Philophiles’ into loyal customers.
Disclosure: LVMH is part of a group of investors who, together, hold a minority interest in The Business of Fashion. All investors have signed shareholder’s documentation guaranteeing BoF’s complete editorial independence.
BoF has learned that the former creative director of Celine is returning to fashion with an eponymous label and minority investment from the world’s largest luxury group.
LVMH’s bet on Phoebe Philo’s new label keeps the star designer in the group’s orbit and gives it a new opportunity to experiment with a digital-first business model.
Vikram Alexei Kansara is Editorial Director at The Business of Fashion. He is based in London and oversees BoF’s luxury, fashion week, sustainability, global markets and opinion verticals.
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