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.
This year’s edition of European Fashion Accelerator (EFA), a platform dedicated to promoting young Central European designers, was held in Prague and featured nine designers under the age of 28 from the Czech Republic, Slovakia, Poland and Hungary.
The designers — Anna Sibitka and Yaxian Feng from Hungary, Kristina Honcarivova and Anezka Mackova from the Czech Republic, Lukasz Kubinski and Kamila Majka-Dziedzic from Poland as well as Juliana Brnakova, Natalis Repkovska and Adela Babinska from Slovakia — were selected by a jury of fashion industry experts and, as part of the programme, were given guidance about how to create a collection from the pre-production stage onwards, and the tools to set up their own e-commerce operations.
They were also awarded access to professional photographers and videographers to help put together a virtual presentation of their collections.
Since businesswoman and philanthropist Karolína Bosakova launched EFA in 2012, the platform has helped kickstart the careers of more than 60 young designers from the region.
Learn more:
Nanushka’s Owner Launches New Fashion Group, Buying Milan’s Sunnei
Sunnei has been a rare bright spot for independent designers on the Milan scene. The fund that owns Nanushka is buying the brand with help from the Hungarian government, and says it’s looking for more brands to invest in next year.
This week’s round-up of global markets fashion business news also features PDD’s ascent in China, Kenya’s controversial suit ban and subterfuge in India’s jewellery trade.
According to The State of Fashion 2024, a potentially volatile global economy and geopolitical tensions in the coming months could further dent consumer confidence in key markets, requiring fashion brands, retailers and suppliers to bolster contingency planning and double down on operating efficiencies, among other measures.
Despite decades of volatility in Latin America’s third-largest economy, some local fashion entrepreneurs have found success thanks to a combination of grit, determination and hyper-adaptability.
This week’s round-up of global markets fashion business news also features Hong Kong jewellery giant Chow Tai Fook, Ghana’s travel retail move and Brazilian apparel retailer Lojas Renner.