The Business of Fashion
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Agenda-setting intelligence, analysis and advice for the global fashion community.
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LONDON, United Kingdom — For Fear of God Founder Jerry Lorenzo, being an outsider is an advantage. "I just feel like I never fit," he told BoF Editor-at-Large Tim Blanks in the latest episode of The BoF Podcast. "I've gotten to a place where I'm ok with that and I don't need to fit within fashion to be validated… and so I know that I'm outside but I feel like my strength is that I'm outside. My strength is that I see [things] differently."
Lorenzo has often taken a less-beaten path, but it’s his approach to collection drops — his latest is the first he has released in two years — as well an ability to use fashion as a platform to foster social change, that have helped to position him as an industry leader. An outsider no longer?
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Watch and listen to more #BoFLIVE conversations here. To contact The Business of Fashion with comments, questions, or speaker ideas please e-mail podcast@businessoffashion.com.
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.
As the French luxury group attempts to get back on track, investors, former insiders and industry observers say the group needs a far more drastic overhaul than it has planned, reports Bloomberg.