What makes Los Angeles so appealing to a wave of young fashion brands? It’s not the local garment district but the city’s location outside the fashion industry bubble.
What does it mean when Louis Vuitton, the world’s largest luxury brand, shifts its focus away from the very trademarks on which its success has been built?
The European luxury goods sector will continue to expand over the next five years at 6-7 percent, with the majority of growth driven by consumers from new markets, revealing just how dependent the sector has become on emerging economies.
LONDON, United Kingdom — According to an estimate released this week by Credit Suisse, Inditex, the Spanish company that owns ‘fast fashion’ giant Zara, will achieve online sales of over 600 million euros in 2013, almost double that of 2012, the results of which will be announced next week.
MILAN, Italy — PPR is the leading suitor left in the quest to acquire Pomellato, having effectively edged out Swarovksi, Renzo Rosso and Prada, who were reportedly also interested in taking over the jeweller.
The day after Slimane’s grunge-inspired second womenswear outing for Saint Laurent, BoF examines the swirl of criticism the collection provoked and reflects on where the house may be headed.
CHICAGO, United States – Yesterday, US First Lady Michelle Obama celebrated the 3-year anniversary of ‘Let’s Move,’ her campaign to fight childhood obesity. She was joined by Mark Parker, president and CEO of Nike, who announced that the sportswear giant was committing $50 million to Mrs. Obama’s cause, to be spent on a multi-pronged effort to bring physical activity back to American schools over the next five years.
MILAN, Italy — Yesterday, designer Umit Benan turned to Twitter announcing, ahead of his employer, his departure from Trussardi, the family-owned Italian luxury house he had worked for as creative director since 2011. “I have just completed my internship at Trussardi,” tweeted Benan. “Remember the finale song at Trussardi women’s show :) ‘Road to Nowhere.’ No wonder why I love Talking Heads so much.” The news was not