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 British company will lower average prices for dresses by 40 percent and merge its main Victoria Beckham collection with its diffusion line to appeal to a wider audience, it told BoF.
Though the brand plans on retaining its luxury positioning and aesthetic, its eponymous designer and CEO Marie Leblanc are betting on accessible prices and pared-back designs to draw in new shoppers. “We’ve seen a huge opportunity in the market, which is a space for an affordable luxury brand,” Leblanc wrote in an email. “It’s about maintaining our elevated DNA, but providing an ease — and making sure our consumer can relate to the brand both in terms of use and price point.”
The new brand direction, which will see Victoria Beckham and Victoria, Victoria Beckham merge into a single label, will launch with a Pre-Spring 2022 collection that debuts in stores this November.
Victoria Beckham reported losses for 11 years in a row until 2018, but saw sales return to growth before the pandemic hit, according to accounts published in January. While the brand is still working towards profitability, Covid-19 has redrawn the fashion landscape, prompting many businesses to rethink their offerings.
”None of the collection feels like a compromise to me,” Beckham said in an email. The new direction is a “rebirth,” she said. “We have worked hard on fabrication and production to deliver the same quality for our community.”
His redefinition of contemporary portraiture is just one facet of the young photographer’s stunning body of work, writes Tim Blanks.
Traditional auction houses like Christie’s, Sotheby’s and Philips — known for selling Warhols, Picassos and antiques — are using Birkins and Jordans to cultivate their next generation of collectors.
With the UK no longer offering tax breaks to international shoppers, customers are instead flocking to Paris and Milan.
At European luxury’s first major outing in the fast-growing Indian market, designer Maria Grazia Chiuri will showcase the focus on feminist values and global craftsmanship that have helped power growth for Dior, BoF can exclusively reveal.