LVMH Prize Names Finalists, Adds Phoebe Philo and Pharrell Williams to Jury
On Sept. 10 the eight designers will present their collections at the Louis Vuitton Foundation in Paris.
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Luxury Expecting a Strong 2019
With many 2018 results falling short of forecasts, brands are coupling optimism for the year ahead with new retail strategies, in an attempt to maintain growth trajectories.
Bain to Acquire Cheerleading Outfitter Varsity Brands
The acquisition comes as the sport is being considered for Olympics status.
Why Private Equity Is Still Chasing Fashion
Private equity firms are steering clear of traditional fashion brands, but those with disruptive models remain prized acquisitions.
Bain Exit Leaves Edcon Struggling in South Africa Retail Slump
Bain Capital Partners LLC’s decision to walk away from Edcon Holdings Ltd. leaves South Africa’s largest clothing retailer to claw back market share.
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What's Driving the Goldrush for Korean Beauty Brands?
South Korea’s booming beauty industry has received its second major investment in a week.
Edcon Secured Creditors Rally for Talks With Bain Retailer
Edcon Holdings Pty. secured bondholders are readying for debt talks with the South African fashion retailer.
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The News in Brief
Valentino’s Full-Year Sales Fall 3 Percent
The results help to explain owner Mayhoola’s decision to shake up the brand’s aesthetic direction by hiring former Gucci designer Alessandro Michele.
TikTok’s Crackdown on Ozempic Influencers Threatens Weight-Loss Drug Hype Machine
The social media platform will effectively ban most weight loss-related content from appearing on its app starting next month, according to a sweeping new set of community guidelines published on its website last week.
Vivienne Westwood’s Personal Wardrobe To Be Auctioned
A taffeta ball gown with the span of a light aircraft is one of the more magnificent items to go on sale at Christie’s in June as part of an auction of the personal wardrobe of Dame Vivienne Westwood.
Valentino Chairman Bets Quiet Luxury Is Over After Michele Hire
The fashion industry’s era of so-called quiet luxury is over and affluent consumers will want bold designs again, the chairman of Valentino has predicted.
Marcelo Burlon Steps Down as Creative Director of Namesake Brand
Burlon, a former DJ, stylist and PR, founded the Milan-based label as a T-shirt line in 2012, inspired by ‘90s club culture.
Designer Nancy Gonzalez Sentenced to 18 Months in Exotic Skin Smuggling Case
The Colombian designer, whose bags have been worn by celebrities and featured on shows like Sex and the City, previously pled guilty to illegally importing millions of dollars of crocodile and snakeskin handbags into the US.
The Wealthy are Less Willing to Spend on Sustainable Products
Millennial and Gen-Z respondents were among the most likely to pay a premium for environmental-friendly practices.