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 collection, to be revealed on June 25 during men’s fashion week in Paris, is not the first collaboration for either the brand or the artist. Since becoming creative director of Dior’s menswear line in 2018, Jones has leveraged the aesthetic sensibilities of brands like Nike, Stussy and Kaws for Dior. Scott, for his part, has worked with everyone from McDonald’s to Fortnite, and most recently, appeared in Bottega Veneta’s “Issue 02″ digital magazine campaign.
In November, Scott, by way of his Cactus Jack Foundation, worked with The New School’s Parson School of Design to launch a scholarship program to cover tuition for historically Black college and university students. The partnership also led to the creation of a Parsons-led fashion education program in Houston, Texas, Scott’s hometown.
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.
Consumers face less, not more, choice if handbag brands can't scale up to compete with LVMH, argues Andrea Felsted.
As the French luxury group attempts to get back on track, investors, former insiders and industry observers say the group needs a far more drastic overhaul than it has planned, reports Bloomberg.