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 Italian luxury label’s initiatives include the development of paid internship, mentorship and scholarship programmes, as well as a gender equality educational module. The Prada Group’s scholarships will provide full tuition, and room and board to the Fashion Institute of Technology (FIT) for one top-performing student of colour from the US and one top-performing female student from Ghana or Kenya. Launched in partnership with the United Nations’ sexual and reproductive health agency, Prada’s fashion and design-based educational module will focus on empowering women socially and economically in Ghana and Kenya.
Serre, who grew sales by 20 percent in 2023, has been named Pitti Uomo’s next guest designer. She’s using the opportunity to show her men’s collection for the first time.
Hermès’ elusive sales strategy is at the centre of a new legal challenge for the French luxury giant. BoF breaks down the practices under scrutiny and what the suit could mean for the fashion industry at large.
A sharp drop in the label’s Asia-Pacific sales is the latest sign that Chinese luxury demand is cooling.
This week, Kering flagged sales were down 20 percent at its flagship brand, knocking confidence in the group’s turnaround strategy. ‘A more drastic solution is required,’ one analyst wrote.