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.
Priya Ahluwalia, Richard Malone and Nicholas Daley will be creating capsule collections as part of Mulberry Editions, a new limited-edition collection of accessories debuting throughout 2021. The three designers have been tasked with reimagining a classic Mulberry silhouette while incorporating the luxury label’s ethos of cutting edge craftsmanship and made-to-last design.
Ahluwalia’s capsule collection will be the first to launch in June followed by Malone’s line, which will be released in September. Daley’s collection will be the last to come out in November of this year.
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.
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.