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.
As fashion tentatively returns to in-person shows and events despite ongoing uncertainty caused by the pandemic, the French luxury house remains committed to its strategy of blockbuster international presentations.
Chanel will take its 2022 cruise collection, first shown in the south of France, to Dubai on November 2. It’s a return to the United Arab Emirates for the brand, which presented its 2015 cruise collection there seven years ago. Other luxury brands, like Dior, have previously presented couture and ready-to-wear collections in Dubai, as luxury continues to set its sights on growth in the region.
As the Delta variant continues to spread throughout the world, however, there is increased hesitancy surrounding live events. In July, Chanel held its Fall 2021 couture show in Paris in front of a live audience, and New York Fashion Week, scheduled for the second week of September, is to go on as planned, although international attendance will be limited.
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Chanel Sees Trouble Through 2021: What Happens Now?
The French megabrand blew past $12 billion in sales in 2019, but it’s not immune to the devastating financial effects of the coronavirus pandemic and expects to see significant contraction well into the year.
Fashion brands are edging in on the world’s largest gathering of design professionals and their wealthy clients, but design companies still dominate the sector, which is ripe for further consolidation, reports Imran Amed.
Blocking the deal would set a new precedent for fashion M&A in the US and leave Capri Holdings in a precarious position as it attempts to turn around its Michael Kors brand.
After preserving his fashion empire’s independence for decades, the 89 year-old designer is taking a more open stance to M&A.
The sharp fall in the yen, combined with a number of premium brands not adjusting their prices to reflect the change, has created a rare opportunity to grab luxe goods at a discount.