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 streetwear giant’s first store in Italy opens May 6 and will be its 13th retail location. Supreme took out billboards in Milan to announce the opening and also advertised in local Italian newspapers, according to NSS Magazine.
Supreme’s move to Italy comes after years of battling aggressive counterfeiters in the country — most notably, the “legal knockoff” brand Supreme Italia, which took advantage of copyright and trademark loopholes before being deemed illegal themselves. The company, which was acquired by VF Corporation in November 2020, also faces fierce counterfeiters businesses in China.
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.
Fashion’s presence at Milan Design Week grew even bigger this year. Savvy activations by brands including Hermès, Gucci, Bottega Veneta, Loewe and Prada showed how Salone has become a ‘critical petri dish for dalliances between design and fashion,’ Dan Thawley reports.
The Hood By Air co-founder’s ready-to-wear capsule for the Paris-based perfume and fashion house will be timed to coincide with the Met Gala in New York.
Revenues fell on a reported basis, confirming sector-wide fears that luxury demand would continue to slow.