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 York-based knitwear designer was also awarded Woolmark’s Karl Lagerfeld Award for Innovation, the second time one designer has received both prizes in their current iteration.
Bovan stood out to the panel of judges, including BoF’s Tim Blanks and designer Thom Browne, who praised his technically advanced jacquard weave design and creative approach to sourcing and sustainability.
The other finalists shortlisted for the prize were Bethany Williams, Casablanca, Kenneth Ize, Lecavalier and Thebe Magugu.
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.
After growing the brand’s annual sales to nearly €2.5 billion, the star designer has been locked in a thorny contract negotiation with owner LVMH that could lead to his exit, sources say. BoF breaks down what Slimane brought to Celine and what his departure could mean.