LVMH-Backed L Catterton Agrees to Buy Majority Stake in Kiko
The private equity fund has entered into a definitive deal with the Percassi family, which will retain a “significant stake” in the business.
Outlets and off-price retailers in China are seeing business boom as luxury brands pump excess inventory into the country at bargain basement prices. But the pandemic clearance strategy is a double-edged sword.
Brands and retailers are sitting on mountains of spring and summer collections that they need to clear in what will likely be the biggest markdown season ever.
As a decade-long build-up of bargain shopping culture is exacerbated by a rise in anti-consumerism, a glut in inventory and cash-strapped consumers looking to trade down or turn to off-price channels, brands must find inventive ways to reestablish value, says The Business of Fashion and McKinsey’s Coronavirus Update to The State of Fashion 2020.
As a decade-long build-up of bargain shopping culture is exacerbated by a rise in anti-consumerism, a glut in inventory and cash-strapped consumers looking to trade down or turn to off-price channels, brands must find inventive ways to reestablish value, says The Business of Fashion and McKinsey’s Coronavirus Update to The State of Fashion 2020.
The luxury industry’s habit of destroying end-of-season leftovers is under threat, thanks to a consumer backlash and increasing government regulations. BoF uncovers the best solutions.
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Destination discount shopping must evolve with the changing retail landscape in order to survive.
This week, China looks to its homegrown talent in Hong Kong to drive the future growth of its fashion industry, and the owners of outlet park Bicester Village take a bet on growing demand from domestic Chinese consumers by opening a second outlet park.
This week, China looks to its homegrown talent in Hong Kong to drive the future growth of its fashion industry, and the owners of outlet park Bicester Village take a bet on growing demand from domestic Chinese consumers by opening a second outlet park.
A new breed of urban outlets is creeping closer to city centres in pursuit of younger consumers and tourists.
Fashion’s luxury megabrands have long struck a delicate — and highly lucrative — balance between exclusivity and accessibility. But as digital media, globalisation and off-price retailing reshape the industry, are they in danger of losing the balance that made them so successful?
Fashion’s luxury megabrands have long struck a delicate — and highly lucrative — balance between exclusivity and accessibility. But as digital media, globalisation and off-price retailing reshape the industry, are they in danger of losing the balance that made them so successful?
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Wal-Mart Stores Inc. plans to close 269 stores, aiming to refocus on better-performing locations and its e-commerce site.
Mango will close 450 sales outlets in the United States early next year after ending a five-year deal to display its clothing lines at department store J.C. Penney, a spokesman said.
Nordstrom Inc. posted first-quarter sales that exceeded analysts’ estimates after its Rack discount outlets and e-commerce orders helped boost results.
After years of outperforming regular malls, outlets are increasingly encroaching on downtown shopping districts.
The private equity fund has entered into a definitive deal with the Percassi family, which will retain a “significant stake” in the business.
The company confirmed in January that it planned to restart activities in Venezuela in the first half of 2024 with local partner Grupo Futura.
The move means Shein could be liable for fines of as much as 6 percent of global revenue for violating the law, designed to curtail the spread of illegal content online.
Since the merger announcement, Capri has reported weaker-than-forecast earnings twice, spurring concern about its performance in the coming quarters.
The new scent, Zouzou, is the fashion house’s first new perfume since 2022.
Unilever Plc sales jumped more than expected in the first quarter as Chief Executive Officer Hein Schumacher pushes ahead with his turnaround plan and shoppers come back to premium brands.
President Biden signed the bill that gives China-based ByteDance 270 days to divest TikTok’s US assets or face a ban.
The Alphabet Inc. company said in a blog post Tuesday that it’s still working with the ad industry and regulators on the plan.