In China, branded cafes, bars and restaurants are a marketing sweet spot for luxury players like Burberry, Cartier and Tiffany but navigating an unfamiliar sector amid strict lockdowns isn’t easy.
H&M’s upmarket sister brand was once a proof point for the Swedish group’s ambitions to diversify away from its core fast-fashion business. But COS executives have struggled to keep pace with a shifting market while managing a troubled internal culture.
This week, Prada appoints a former Kering Eyewear executive to the helm of Miu Miu, while Nike makes a number of changes to its C-Suite.
June sales were up 12 percent for the world's second-biggest fashion retailer, beating analyst forecasts. Second quarter sales were up 11 percent, beating Inditex's 10 percent.
Unless fashion brands adopt best practices from outside the industry and improve supply chain transparency from within, consumers may begin to wonder what they have to hide.