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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At the start of 2021, Rick Owens wanted his next show to reflect the toll the pandemic had taken on the world. Held at Venice’s Tempio Votivo, a shrine to the fallen soldiers of the two world wars, Owens centred the outing around “anger and darkness.” Despite this sombre outlook, the designer told BoF editor-at-large Tim Blanks that a political shift, with the inauguration of US President Joe Biden, gave him a sense of optimism. On the latest episode of the BoF Podcast, we revisit this thought-provoking conversation, covering Owens‘ Autumn/Winter 2021 men’s collection, the lessons he learned from the pandemic and his renewed hope for society.
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.