Some of the world’s largest fashion brands are creating branded hotels and private residences as well as the homewares to fill them, tapping easy additional revenue streams and constructing powerful brand beacons in emerging markets.
BOLOGNA, Italy — Yoox Group, the operator of e- commerce stores for brands from Armani to Zegna, maintained its outlook for full-year revenue and earnings growth after investments in mobile technology helped boost quarterly sales.
In the wake of Rana Plaza, it’s clear that voluntary self-inspection of garment factories by brands and retailers is not enough to avoid terrible human tragedy. Workplace health and safety standards must be set and enforced by the workers themselves, argues Tansy E Hoskins.
The rise of emotionally-aware or ‘affective’ computing is set to change the way machines understand and interact with people. BoF speaks with Rana el Kaliouby, co-founder and chief technology officer of MIT-spinoff Affectiva, to understand what’s possible and the implications for the business of fashion.
The China Edit is a weekly curation of the most important fashion business news and analysis from and about the world’s largest luxury market.
This season, no single moment dominated the fashion conversation. But there was still lots to talk about. Today, BoF brings you our bi-annual post-fashion month feature, The Season That Was.
MILAN, Italy -- According to reports, Italian fashion house Armani is hoping to turn an iconic London landmark, the Admiralty Arch, into a luxury, £100 million hotel. According to The Daily Mail, the ceremonial entrance from Trafalgar Square to the Mall that leads to Buckingham Palace will be transformed into a 100-room hotel designed floor to ceiling by Giorgio Armani himself if the deal goes through. After opening properties in Dubai and Milan, Armani has long talked about opening a London outpost of Armani Hotels, toying briefly with the tony neighborhood of Knightsbridge, home to luxury properties like Bulgari, the Berkeley and Mandarin Oriental. Early indications are that the hotel will be outfitted in sleek marble for the property’s 80…
PARIS, France — The weather was vile, the taxi shortage extreme. The gutters ran with filthy water from melting snow. We slid and slithered in ankle deep slush. In short, Paris was not at its best. But this was Couture Week (well, three days, which is symptomatic of how fashion ‘weeks’ have shrunk, but old habits — and titles — die hard in fashion circles) and we felt privileged to be there. But is everything shown in Paris during
Tight belts take edge off Italian luxury (FT) “Italians have long balked at paying full price for the luxury goods they consider to be their birthright. But as austerity measures hit hard in the home of Prada, Versace and Armani, the quest for bargains and invitations to warehouse sales with rock-bottom prices has reached a new level of frenzy.” Online shoppers ready for busiest day (FT) “Online retailers are
LONDON, United Kingdom — The Savigny Luxury Index (“SLI”) fell 4.2 percent in June, relative to an uplift of 4.0 percent in the benchmark MSCI World Index (“MSCI”). Worrying news out of China, the continued drama of the European debt crisis and downward revisions in growth estimates for 2012 caused the sector to go out of favour. Big news The month started off with a bang: China announced a slowdown in its factory output for the
Military, Front and Center (IHT) “Is it the bitter, battling winter following the Arab spring that has created a march of the military in men’s fashion? A soldierly influence was an undercurrent in the winter 2012 Milan men’s show, which closed Tuesday. The idea of smartening up and shaping up may be a response to Europe’s gloomy economic situation” LVMH fund looks to stitch a deal with Fabindia (Business Standard)