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.
London-based designers Tamara Ralph and Michael Russo, known for their glamourous formalwear, said that they would not present a Spring 2021 couture collection as the pandemic continues to rage. (As of Wednesday, daily deaths were at a record high in the UK.) The label plans to return to couture in July 2021.
Earlier this week, the Chambre Syndicale de la Haute Couture released its official schedule for the Paris shows set to take place in late January.
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.
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.