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 Australian-based fashion prize for young talent picked A. Roege Hove, Bluemarble, Lagos Space Programme, Marco Rambaldi, Maxxij, Paolina Russo, Rhude and Robyn Lynch as finalists for its 2023 award.
”This group of finalists represents the next generation of creative game-changers, who all want to design fashion for a better tomorrow,” said John Roberts, managing director of The Woolmark Company.
The designers will receive AU$60,000 ($39,700) to develop a six-piece collection using Merino wool, while mentored by a number of fashion experts, including Holli Rogers, chief brand officer at Farfetch, and Gabriella Karefa-Johnson, Vogue global fashion editor-at-large and Tim Blanks, BoF editor-at-large.
The International Woolmark Prize winner, selected in April, will receive AU$200,000. Another finalist will be awarded the Karl Lagerfeld Award for Innovation, and receive AU$100,000. Past recipients of the Woolmark Prize include Lagerfeld, Yves Saint Laurent, Valentino Garavani, Gabriella Hearst, Rahul Mishra, Matty Bovan and Bode. Last year’s winner was British-Guyanese menswear designer Saul Nash.
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Saul Nash Wins the 2022 International Woolmark Prize
British-Guyanese menswear designer Saul Nash was awarded the 2022 Woolmark Prize, winning an AU$200,000 ($144,000) cash prize to put towards business development.
This week, more luxury brands will report first-quarter results, offering clues as to how broad and how deep the downturn is going to get.
Fashion brands are edging in on the world’s largest gathering of design professionals and their wealthy clients, but design companies still dominate the sector, which is ripe for further consolidation, reports Imran Amed.
Blocking the deal would set a new precedent for fashion M&A in the US and leave Capri Holdings in a precarious position as it attempts to turn around its Michael Kors brand.
After preserving his fashion empire’s independence for decades, the 89 year-old designer is taking a more open stance to M&A.