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.
Tomorrow, a brand accelerator, distributor and consultancy for independent brands, has taken a majority stake in the London designer boutique Machine-A. The shop’s founder Stavros Karelis will stay on as buying director, while Tomorrow’s Alessandra Rossi will take over as CEO with an eye to revamping its direct-to-consumer business and long-term growth strategy.
Located in Soho, Machine-A’s concept store has positioned itself as a champion for young designers and creative labels, stocking Martine Rose, White Mountaineering, Y/Project and Richard Quinn.
Machine-A currently operates its e-commerce business through a partnership with Showstudio, the content agency founded by photographer Nick Knight.
”The retail, wholesale and digital models are continuing to merge, and this is an exciting time for the industry,” Tomorrow chief executive Stefano Martinetto said in a statement. “We will work together with Stavros and the team to ensure that the brand curation continues to reflect the Machine-A values of inclusivity and gender fluidity.”
The Covid-19 crisis has made going it alone even harder for high-potential young labels. Brand platforms offer cash and critical operational support.
Robert Williams is Luxury Editor at the Business of Fashion. He is based in Paris and drives BoF’s coverage of the dynamic luxury fashion sector.
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.
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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.