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.
In the wake of a surge in racism-motivated assaults against Asians in countries like the US and Europe, a growing number of fashion brands and retailers are taking a stand on social media.
Following the outbreak of Covid-19 last year, physical and verbal assaults on Asians skyrocketed. A spate of attacks on elderly Asian Americans has recently brought new attention to the issue.
In the past week, Nike, Adidas, Converse, Tommy Hilfiger, Benefit Cosmetics and U Beauty posted statements on Instagram declaring their solidarity with the Asian community.
“We support our Asian community and stand together to foster a more inclusive and accepting world,” reads a post published by Valentino on Tuesday. The brand is the first global luxury player to do so.
Fast-growing start-ups like Hettas, Saysh and Moolah Kicks created sneakers designed specifically for active women. The sportswear giants are watching closely.
The companies agreed to cap credit-card swipe fees in one of the most significant antitrust settlements ever, following a legal fight that spanned almost two decades.
In an era of austerity on Wall Street, apparel businesses are more likely to be valued on their profits rather than sales, which usually means lower payouts for founders and investors. That is, if they can find a buyer in the first place.
The fast fashion giant occupies a shrinking middle ground between Shein and Zara. New CEO Daniel Ervér can lay out the path forward when the company reports quarterly results this week.