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.
Tapestry and Capri have been trying to become the US’s answer to LVMH for the past eight years but Federal Trade Commission precedent indicates both companies could face battling the behemoth alone.
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.
After growing the brand’s annual sales to nearly €2.5 billion, the star designer has been locked in a thorny contract negotiation with owner LVMH that could lead to his exit, sources say. BoF breaks down what Slimane brought to Celine and what his departure could mean.
Balenciaga’s deputy CEO Laura du Rusquec will replace Andrea Baldo as the Danish brand aims to elevate its image.