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 tech giant has alleged two social media influencers have been using their accounts on Instagram and TikTok to promote counterfeit goods sold through its marketplace, CNBC reported. The move comes as Amazon is seeking to court brands long wary of counterfeiting on the site to its new luxury hub.
Amazon filed a lawsuit on Thursday in which it alleged the influencers promoted listings that looked like unbranded products, but would explain in social media posts how various designer fakes, including Lady Dior bags and Gucci belts, would be shipped out instead. Eleven other individuals and businesses in the US and China participated in the scheme, according to CNBC’s report.
Designer brands including Gucci and Anya Hindmarch have been left millions of pounds out of pocket and some customers will not get refunds after the online fashion site collapsed owing more than £210m last month.
Antitrust enforcers said Tapestry’s acquisition of Capri would raise prices on handbags and accessories in the affordable luxury sector, harming consumers.
As a push to maximise sales of its popular Samba model starts to weigh on its desirability, the German sportswear giant is betting on other retro sneaker styles to tap surging demand for the 1980s ‘Terrace’ look. But fashion cycles come and go, cautions Andrea Felsted.
The rental platform saw its stock soar last week after predicting it would hit a key profitability metric this year. A new marketing push and more robust inventory are the key to unlocking elusive growth, CEO Jenn Hyman tells BoF.