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.
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At the start of 2021, Rick Owens wanted his next show to reflect the toll the pandemic had taken on the world. Held at Venice’s Tempio Votivo, a shrine to the fallen soldiers of the two world wars, Owens centred the outing around “anger and darkness.” Despite this sombre outlook, the designer told BoF editor-at-large Tim Blanks that a political shift, with the inauguration of US President Joe Biden, gave him a sense of optimism. On the latest episode of the BoF Podcast, we revisit this thought-provoking conversation, covering Owens‘ Autumn/Winter 2021 men’s collection, the lessons he learned from the pandemic and his renewed hope for society.
The designer has always been an arch perfectionist, a quality that has been central to his success but which clashes with the demands on creative directors today, writes Imran Amed.
This week, Prada and Miu Miu reported strong sales as LVMH slowed and Kering retreated sharply. In fashion’s so-called “quiet luxury” moment, consumers may care less about whether products have logos and more about what those logos stand for.
The luxury goods maker is seeking pricing harmonisation across the globe, and adjusts prices in different markets to ensure that the company is”fair to all [its] clients everywhere,” CEO Leena Nair said.
Hermes saw Chinese buyers snap up its luxury products as the Kelly bag maker showed its resilience amid a broader slowdown in demand for the sector.