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.
The British Fashion Council named Sarah Burton, Daniel Lee, Jonathan Anderson, Matthieu Blazy and design duo Miuccia Prada and Raf Simons as nominees for its prestigious Designer of the Year award Thursday.
It also announced the shortlist for its BFC Foundation Award, which recognises a designer who has a major impact on global fashion over the course of the year. This year’s award will celebrate the BFC’s Newgen initiative for emerging designers, with Aaron Esh, Chet Lo, Conner Ives, Paolo Carzana and Sinéad O’Dwyer up for the prize.
The winners will be named at The Fashion Awards on Dec. 4.
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The Legacy of London’s Original Young Designer Support Scheme
Many of the most promising young labels to participate in London’s NewGen scheme went boom… before they went bust. But the programme, which turns 30 this year, enables a laboratory of creativity that benefits the whole industry, writes Susanna Lau.
The designer has always been an arch perfectionist, a quality that has been central to his success but which clashes with the demands on creative directors today, writes Imran Amed.
This week, Prada and Miu Miu reported strong sales as LVMH slowed and Kering retreated sharply. In fashion’s so-called “quiet luxury” moment, consumers may care less about whether products have logos and more about what those logos stand for.
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.