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.
Vogue announced on Wednesday the shortlist for the annual fund, which includes 11 designers in the running for a £200,000 cash prize.
The 11 British creative fashion talents include: Alighieri, Asai, Bethany Williams, Chopova Lowena, Completedworks, E.L.V. Denim, Halpern, Kwaidan Editions, Olubiyi Thomas, Richard Malone and Supriya Lele.
The designers have all contributed towards efforts to combat the challenges Covid-19 has created within the fashion industry. Rosh Mahtani, founder of jewellery brand Alighieri, donated proceeds to Refuge charity specialising in supporting victims of abuse. Bethany Williams collaborated with Magpie Project which helps to provide support for parents and under 5′s in temporary or unsuitable East London accommodation in her Spring/Summer 2021 collection.
“Now more than ever, we must continue to champion young designers who bring so much inspiration and diversity to British fashion,” said British Vogue editor-in-chief Edward Enninful in statement.
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.