“The cultural capital of Hong Kong fashion has moved beyond manufacturing and sourcing, with local labels making international waves. Last year Ground Zero became the first Hong Kong label to be on the official Paris Fashion Week schedule.”
“Strong demand for Michael Kors’ luxury goods again propelled profit in its latest quarter, and the clothing, accessories and handbag maker lifted its outlook for the year.”
“Neiman Marcus has appointed a syndicate of banks for a possible initial public offering, two people familiar with the matter said on Monday, in the latest sign that the high-end department store is leaning towards a listing over pursuing an outright sale.”
“Luxury swimwear and resort brand Orlebar Brown has received an 8 million pound investment from private equity firm Piper, to help ‘expand its presence in the US and Europe’.
“In the United States, e-commerce accounts for 7 percent of total sales, The Wall Street Journal reports. In China, 20 to 30 percent of purchases, or as much as 50 percent among young consumers, happen online.”
“There’s been a significant amount of hemming and hawing over the fashion cycle: Winter clothes are shipped to stores during the worst of the July heat, and spring outfits land in January and February, when it’s still bitterly cold in the Northeast. But what’s a fashion brand to do about it?”
“Cordwainers at London College of Fashion, the alma matter of Jimmy Choo and Charlotte Olympia, is set to receive £300,000 from retailer Kurt Geiger over the next three years.”