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.
LONDON, United Kingdom — Despite a string of positive results announcements, the Savigny Luxury Index (“SLI”) lost 0.9 percent in August, nevertheless outperforming the MSCI World Index (“MSCI”) by close to one percentage point, as markets shuddered at the prospect of foreign intervention in the Syrian conflict.
NEW YORK, United States — Ralph Lauren Corp on Wednesday reported a lower quarterly profit on disappointing results at its own stores, and the fashion company reiterated its forecast for modest growth this fiscal year.
In a city where big shows can mean just that, BoF examines the rise of London Collections: Men and the business impact on the brands taking part.
NEW YORK, United States — Ralph Lauren Corp on Thursday reported sales that fell below its own projections, hurt by fewer deliveries to European department stores, but gave a fiscal year forecast that suggests it expects its overall business to pick up.
NEW YORK, United States — Ralph Lauren Corp., the retailer of its namesake brand clothing, will pay about $1.6 million to resolve U.S. regulatory and criminal claims that a subsidiary paid bribes to officials in Argentina from 2005 to 2009.
Why China’s Fashionista Websites Aim High (And Low) (Forbes) “Online shopping offers a platform for new fashion brands to enter China, without the expense and risk of opening physical stores. Even deep-pocketed fashion houses face a challenge in planting a flag in China’s frothy real estate market. ‘All the good locations have been taken by the big brands,’ says Angelica Cheung, editor of Vogue China , which
Luxury Labels Are Scaling Up for China’s Year of the Snake (WSJ) “Luxury brands are rolling out a menagerie of merchandise to capitalize on the holiday, which marks Asia’s biggest shopping season. And more Western brands are getting in on the Year of the Snake, pushing snake- and red-themed goods, from Vacheron Constantin’s $150,000 watch with an engraved snake etched onto its face to the serpentine,
The Garbo of Fashion (NY Times) “Ms. Moss’s bad-girl image has always been good for business, at least since the days of heroin chic and somebody-feed-her-a-cracker. Now, at 38 — an age when even the luckiest in her field have typically been tossed on the ice — Ms. Moss can boast of numerous advertising campaigns; more editorial work than any one glamour puss can reasonably handle.” Top Balenciaga Designer Is Leaving
LONDON, United Kingdom — The Savigny Luxury Index (“SLI”) gained 5.5 percent in August, outperforming the benchmark MSCI World Index (“MSCI”) by over four percentage points. Strong results by sector leaders confirmed continued growth in Asia and increased tourist spending in Europe, thanks in part to a weaker euro. Big news Richemont, Hermès, Prada, Tod’s, Michael Kors and Ferragamo all confirmed a healthy outlook for 2012, driven
Fashion’s Most Angry Fella (Vanity Fair) “When John Fairchild, the tyrannical, mischievous editor in chief of Women’s Wear Daily and founder of W magazine, stepped down from his Fairchild Publications throne, in 1997, it was supposed to be a clean break. Fifteen years later, at the age of 85, the onetime terror of the fashion industry is still stirring the pot.” Toronto Fashion Week sold to IMG, Robin Kay steps down