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.
On Monday night, as show-goers from around the fashion world took their seats at Daniel Lee’s debut show for Burberry, drinking hot toddies and clutching tartan-covered hot water bottles, expectations ran high. How would the new creative director interpret the return to Britishness, central to CEO Jonathan Akeroyd’s strategy to build the brand into a £4 billion ($5 billion) megabrand?
During his tenure at Bottega Veneta, the designer created a series of It bags — the ubiquitous “Pouch”, the “Jodie” in the brand’s signature intrecciato weave and of course the “Cassette” crossbody that remains popular with men and women alike — so perhaps it’s not surprising that buyers and editors were particularly keen to see if he could bring the same magic to Burberry.
But while there was no shortage of bags on offer, it was the shoes that had insiders really talking afterwards. At Bottega, Lee’s “Puddle” boots and padded “Lido” mules set afire footwear trends that swept across fashion. At Burberry, he seems to have set out to do the same, with shoes making statement after statement, in varied — and often wacky ways.
Models walked the runway in heels embellished with faux fur; there were thigh-high boots in light grey and olive green; chunky-soled oxford shoes; rain boots in multiple colourways; and shearling-trimmed Wallabee-style moccasins. Sneakers, once a favourite for Burberry under Riccardo Tisci, did not feature at all.
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As consumers shed their pandemic-era, work-from-home slippers, designer footwear is set for growth, but in an unconventional way. High-income luxury shoppers in the US, UK and China told BoF Insights in a recent survey that dress shoes remain a staple, but now they want footwear that is not only statement-making with fancy embellishment, but also comfortable.
For Burberry, like countless other brands, footwear is a category targeted for growth, with plans under way at the British house to more than double its footwear business over the next few years.
Growing footwear and accessories is part of the standard playbook for luxury brands’ strategies. At luxury brands like Chloe, Prada, Saint Laurent and Bottega Veneta, footwear accounts for around 20 percent of sales, according to BoF Insights data.
Explore all the statement shoes from the Burberry Autumn/Winter 2023 runway show.
The former Bottega Veneta designer’s first collection is London Fashion Week’s hottest ticket. Ahead of the show, BoF breaks down what’s at stake for the British megabrand.
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Imran Amed is the Founder, CEO and Editor-in-Chief of The Business of Fashion. Based in London, he shapes BoF’s overall editorial strategy and is the host of The BoF Podcast.
Daniel-Yaw Miller is Senior Editorial Associate at The Business of Fashion. He is based in London and covers menswear, streetwear and sport.
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.
The group’s flagship Prada brand grew more slowly but remained resilient in the face of a sector-wide slowdown, with retail sales up 7 percent.
The guidance was issued as the French group released first-quarter sales that confirmed forecasts for a slowdown. Weak demand in China and poor performance at flagship Gucci are weighing on the group.