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.
A new shop on London’s Burlington Gardens, set to open April 12, will be the first retail location outside Paris for Goossens, a maker of fashion jewellery and homeware known for its sculptural, gold-plated creations incorporating crystals and semi-precious stones.
One of more than two dozen suppliers Chanel has acquired since the 1980s, Goossens is less famous for its own products than for the costume jewellery it makes for its parent company, as well as for other Paris couture houses such as Yves Saint Laurent, Dior and Jean-Paul Gaultier.
The opening of a London outpost comes as luxury companies are attempting to expand their presence in the fast-growing jewellery sector, which remains dominated by unbranded items and regional names.
While the Chanel brand towers above the many subsidiaries in its “Métiers d’Art” division, some of its smaller labels have been gradually establishing their own retail footprints and name recognition. Hatmaker Maison Michel moved its London shop to a larger location in 2019, while men’s swimwear division Orlebar Brown added stores in Mykonos and Saint-Tropez last year.
As the German sportswear giant taps surging demand for its Samba and Gazelle sneakers, it’s also taking steps to spread its bets ahead of peak interest.
A profitable, multi-trillion dollar fashion industry populated with brands that generate minimal economic and environmental waste is within our reach, argues Lawrence Lenihan.
RFID technology has made self-checkout far more efficient than traditional scanning kiosks at retailers like Zara and Uniqlo, but the industry at large hesitates to fully embrace the innovation over concerns of theft and customer engagement.
The company has continued to struggle with growing “at scale” and issued a warning in February that revenue may not start increasing again until the fourth quarter.