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.
Companies will be able to simulate and confidentially record environmentally-sensitive decisions for their Paris Fashion Week events through the use of a new platform commissioned by the event’s FHCM organising body from consultancy PwC.
The aim is for the tool to provide a comprehensive view of a fashion show and designer collection’s impact on climate and the environment, including from transportation, servers for video streaming, materials, or set design.
While individual brands’ results will remain private, FHCM says it will use the system to report aggregated information on Paris Fashion Week’s environmental impact going forward.
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.