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.
In an open letter to Prime Minister Boris Johnson, more than 400 executives and creatives said that the current agreement with the European Union will “decimate” the £35 billion fashion and textile industry, with new taxes and tariffs, as well as travel restrictions, making it increasingly difficult to conduct business.
Cosignatories include designer Roksanda Ilincic, photographer Juergen Teller, Dazed Media’s Jefferson Hack and others.
“To survive post-Brexit and safeguard our future, we need to ensure we can trade with overseas businesses and are also supported to grow the internal market,” the organisers said in a release.
Fashion entrepreneur Samantha Cameron, whose husband called the 2016 Brexit referendum when he was prime minister, said last week that she was having difficulty conducting business in a post-Brexit world, according to The Financial Times.
Sales of megabrands like Louis Vuitton and Hermès continue to surge, but ubiquity risk is driven by key styles appearing too often on the street and not by revenue, writes Luca Solca.
The brand known for $50,000 Royal Oak watches transformed itself into a megabrand with more than $2.2 billion in annual sales by taking control of its distribution and forging culturally relevant partnerships. Outgoing CEO François-Henry Bennahmias breaks down the strategy.
The final season of HBO’s drama isn’t the only reason the discreet style of the ultra rich is a topic of conversation again. That, plus what else to watch for this week.
The recent banking drama, starting with Silicon Valley Bank earlier in the month and spreading to Credit Suisse Group AG last week, has roiled markets, sparking fears of further contagion.