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.
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This week, Christian Dior presented its pre-fall 2023 collection at the Gateway of India monument in Mumbai, marking the first standalone show from a European luxury megabrand in the country.
It was a historic occasion for fashion in India, which is projected to soon become the world’s fastest-growing major economy, according to the International Monetary Fund. With that, Dior’s appearance in Mumbai could prove to be a seminal moment: When Fendi staged a show at the Great Wall of China in 2007, it helped catalyse more than a decade of growth in the Chinese luxury market.
This week on The BoF Podcast, Maria Grazia Chiuri, the artistic director of women’s at Christian Dior since 2016, sits down with BoF’s Imran Amed at the Istituto Marangoni in Mumbai to discuss the show, her intimate relationship with India and appreciation for Indian artisanship.
“India has a huge history, a 6000-year history in textile style and embroidery,” said Chiuri. “This is part of the culture.”
Hermes saw Chinese buyers snap up its luxury products as the Kelly bag maker showed its resilience amid a broader slowdown in demand for the sector.
The group’s flagship Prada brand grew more slowly but remained resilient in the face of a sector-wide slowdown, with retail sales up 7 percent.
The guidance was issued as the French group released first-quarter sales that confirmed forecasts for a slowdown. Weak demand in China and poor performance at flagship Gucci are weighing on the group.
Consumers face less, not more, choice if handbag brands can't scale up to compete with LVMH, argues Andrea Felsted.