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.
MILAN, Italy — The president of the Camera Nazionale della Moda says he hopes that the US administration will see that taxes imposed on fashion imports are already high, and will resist assessing an additional levy as being proposed.
Carlo Capasa said Tuesday that Italian luxury imports to the United States are taxed at an average rate of 20 percent. He said that the fashion industry had been hoping to be able to do away with import taxes, "which are already high," as part of EU-US free trade talks that stalled before the U.S. presidential election.
Capasa said that the fashion chamber wasn't engaged in any discussions on the Republican proposal to impose a so-called Border Adjustment Tax on imports, because there was nothing concrete. But he emphasised that "fashion is already heavily taxed."
In 2020, like many companies, the $50 billion yoga apparel brand created a new department to improve internal diversity and inclusion, and to create a more equitable playing field for minorities. In interviews with BoF, 14 current and former employees said things only got worse.
For fashion’s private market investors, deal-making may provide less-than-ideal returns and raise questions about the long-term value creation opportunities across parts of the fashion industry, reports The State of Fashion 2024.
A blockbuster public listing should clear the way for other brands to try their luck. That, plus LVMH results and what else to watch for in the coming week.
L Catterton, the private-equity firm with close ties to LVMH and Bernard Arnault that’s preparing to take Birkenstock public, has become an investment giant in the consumer-goods space, with stakes in companies selling everything from fashion to pet food to tacos.