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 French fashion and lifestyle brand’s early stage investment arm, Kitsuné Ventures, launched Nov. 29 and will invest in businesses across fashion, media, hospitality and technology, the company said.
Its first beneficiary is Brooklyn-based designer Connor McKnight, who worked as a designer for Bode and Kith before launching his own label during the pandemic. Under the deal, McKnight will retain full ownership of his namesake brand, and receive advice from the Kitsuné team as he grows his business. Kitsuné Ventures has the right to receive equity in the future, when the brand raises more capital.
Kitsuné co-founder Gildas Loaëc and general manager for America Vinod Kasturi began investing in McKnight’s brand in April, which allowed the designer to show his Spring 2022 collection during New York Fashion Week in September.
Kitsuné Ventures marks “the next evolution” of the brand, Loaëc said in a press release. “We have spent much of our time understanding cultural movements, identifying cross-disciplinary young talents and have been active mentors wherever we can be helpful to new designers who reach out. It is an exciting next step to back this up with capital.”
PARIS, France — "Last week Kitsuné was in Tokyo. Monday we're in New York. Next weekend, we're having parties in Paris and Copenhagen the same night.
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.