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 luxury e-tailer tapped De Cesare for the chief executive role. Previously, he was the chief executive of the Parisian department store Printemps until March 2020.
“I’m excited to become the first CEO that will have the experience of leading a physical retailer and a digital retailer,” De Cesare told BoF.
The Matches announcement follows an ongoing executive reshuffling at the company. Earlier this year, former chief executive Ajay Kavan left his position after one year in the job. The CEO role had been left vacant since March.
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Matchesfashion Doubles Down on Emerging Labels
The retailer, facing growing pains of its own, is launching a new ‘Innovators Programme’ to bolster the fledgling labels that help set it apart from competitors in a crowded luxury e-commerce market.
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.
Fashion’s presence at Milan Design Week grew even bigger this year. Savvy activations by brands including Hermès, Gucci, Bottega Veneta, Loewe and Prada showed how Salone has become a ‘critical petri dish for dalliances between design and fashion,’ Dan Thawley reports.
The Hood By Air co-founder’s ready-to-wear capsule for the Paris-based perfume and fashion house will be timed to coincide with the Met Gala in New York.
Revenues fell on a reported basis, confirming sector-wide fears that luxury demand would continue to slow.