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 — "I believe we'll dance again and I believe we'll be creative again but how that looks and how that feels... I don't know," Marc Jacobs told BoF Editor-at-Large Tim Blanks in the latest special edition of the BoF Podcast. The designer is currently staying at a hotel in New York, watching as more labels and retailers buckle under store closures and debt.
As American fashion changes rapidly in real-time, Jacobs shared his thoughts on the state of an industry in flux.
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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.