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 chief executive of the denim maker joined several US companies that have denounced the legislation in Georgia, as well as other restrictive voting laws around the country. “These bills aren’t only racist, they represent a significant step backwards for us in the United States,” said the company in a statement.
On CNN, Bergh reiterated that position and said the company will focus on advancing voting rights in the states where it has the largest presence, including Texas, Florida and Kentucky. He said the Levi Strauss Foundation donated $3 million to voting rights non-profits last year, more than 10 percent of which went to Georgia, where record turnouts shifted the presidential election results in the state to the Democratic candidate for the first time since 1992.
This week, Delta Airlines, Coca Cola and Major League Baseball also criticised Georgia’s new election law, which Democrats say restricts voting access.
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.
Nordstrom, Tod’s and L’Occitane are all pushing for privatisation. Ultimately, their fate will not be determined by whether they are under the scrutiny of public investors.