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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LONDON, United Kingdom — Acclaimed designer Gareth Pugh showed his last collection in September 2018. Two years on, he has returned to the industry at a time of global tumult. Its effects are clearly reflected in "The Reconstruction," a documentary made by Pugh, his husband Carson McColl and Showstudio director Nick Knight showcasing 13 new designs and the inspiration behind them.
“This project really has been born out of some insane historical moments,” said Pugh. “Twenty-twenty’s been a shitty year and so much has gone on,” he continued, adding he would be remiss “not to look it in the face and acknowledge its presence.”
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The luxury goods maker is seeking pricing harmonisation across the globe, and adjusts prices in different markets to ensure that the company is”fair to all [its] clients everywhere,” CEO Leena Nair said.
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.