American Fashion Is Kicking Its Off-Price Habit. Will it Pay Off?
This week, everyone will be talking about financial results from the American fashion giants behind Ralph Lauren, Coach and Michael Kors, the relatively buzz-less New York Fashion Week and the latest milestone in Saks Fifth Avenue's $250 million renovation of its flagship. Read our BoF Professional Cheat Sheet.
Farfetch’s chief executive José Neves is reportedly conferring with top shareholders, including Richemont and Alibaba, and JP Morgan about delisting the company, The Telegraph reported on Tuesday. A take-private deal could happen imminently as Farfetch’s stock remains under pressure, according to the report. The e-tailer’s share price has plummeted more than 80 percent since its 2018 IPO.
Across its 53-year history, international art fair Art Basel has been quick to innovate, catering to a rapidly developing art market and its customers. Today, it is utilising its expertise to help fashion and luxury do the same.