FLORENCE, Italy — Following back-to-back parties to celebrate our 5th anniversary in New York and London earlier this year, on Thursday evening, members of the fashion community gathered at the Villa Favard in Florence, home of Polimoda, for another spectacular birthday bash. Under the direction of Linda Loppa, Polimoda is quickly emerging as Italy’s leading fashion school. And it’s no wonder. Herself a graduate of
LONDON, United Kingdom — Over the course of the last decade, traditional brick-and-mortar retailers, from Neiman Marcus to Macy’s, have seized the digital opportunity and built impressive online businesses, with web sales of apparel and accessories currently growing faster than any other e-commerce product category and expected to reach $40.9 billion in 2012, up from $34.16 billion in 2011, in the US alone, according to eMarketer.
NEW YORK, United States — ‘Pre-tail’ fashion start-up Moda Operandi, which enables women to pre-order designer pieces straight off the runway via limited-time online trunk sales, announced today that it has raised $36 million in a Series C round of funding led by RRE Ventures, with the participation of existing investors New Enterprise Associates, New Atlantic Ventures and Condé Nast, as well as strategic investors
LONDON, United Kingdom — The Savigny Luxury Index (“SLI”) slid 5.2 percent in May, underperforming the benchmark MSCI World Index (“MSCI”) by almost 2 percentage points. Strong results mixed with an increasingly glum outlook for Europe and indications of a slowdown in China resulted in some profit taking as investors exited the sector. All the stocks in our index ended the month negatively. Big news Although the sector delivered
LONDON, United Kingdom — It wasn’t so long ago that many technology analysts made bold predictions on the potential of so-called ‘F-commerce,’ the practice of using Facebook as a direct sales channel. Some even speculated that transactions conducted on Facebook, the world’s most visited website, could threaten e-commerce giant Amazon. But, thus far, selling directly on Facebook has failed to take off. Indeed, in the
NAIROBI, Kenya — In recent weeks, the media hype around Africa has been remarkable, with several articles in major publications proclaiming the continent “the next Asia.” In fashion, Franca Sozzani even dedicated the entire May issue of L’Uomo Vogue to “rebranding Africa,” while this year’s IHT Luxury conference will discuss “the potential of Africa, both as a producer and ultimately consumer of luxury goods.” But to what extent is
CARDIGAN, United Kingdom — Few people immediately think of Wales as having been impacted by the tide of outsourcing that has forced factories across the United States and Europe to shutter. But in the small community of Cardigan, in Mid Wales, the growth of outsourcing and offshoring has been devastating. Once upon a time, Cardigan bustled with Britain’s biggest jeans factory, which produced upwards of 35,000 pairs of jeans per
LONDON, United Kingdom — Instagram, Barbour, vinyl records, artisanal butchers, moustaches, and the biography of your potatoes lovingly detailed on chalkboard signs at Whole Foods. What is wrong with this picture? As London-based writer and entrepreneur Russell M Davies puts it, “most of Shoreditch would be wandering around in a leather apron if it could. With pipe and beard and rickets. Every new coffee shop and organic foodery
NEW YORK, United States — Last night, and for the first time ever, red carpet arrivals at the Metropolitan Museum of Art’s annual Costume Institute Gala were live-streamed to the public on Vogue.com, Amazon.com and the museum’s own website, while viewers from across the globe were invited to participate via social media. As celebrities arrived at appointed times for their red-carpet rendez-vous, fashion watchers, bloggers and end
LONDON, United Kingdom — It’s now common knowledge that social curation site Pinterest — which attracted its first 10 million users faster than any other website in history — is the fastest growing social platform today, with 18.7 million users as of March, according to comScore. But what does this mean for social giant Facebook, fashion businesses and the bottom line? According to research provided exclusively to BoF, it turns out
LONDON, United Kingdom — The Savigny Luxury Index (SLI) continued its sluggish performance this month, ending almost flat (SLI components actually fell an average of nearly 2 percent when expressed in local currency) compared to a drop of 0.7 percent in the benchmark MSCI World Index (MSCI). Newsflow was good overall, with strong results and two successful IPOs, but dampened somewhat by concerns about growth prospects. Big news
British Vogue editors, normally ensconced behind their desks at Vogue House or off on fashion shoots in far flung locales, were zipping around with clipboards, cue cards and headsets, each playing their part in the first ever Vogue Festival.