Miscellaneous

The latest news

Here's how The Folklore is poised for significant growth with its seed fundraising phase

Here's how The Folklore is poised for significant growth with its seed fundraising phase

Amira Rasool's plan to make her online marketplace the 'LVMH of Africa' is playing out globally.
Luxury
Valentino sees sales fall in 2023

Valentino sees sales fall in 2023

The Roman luxury house achieved sales of €1.35 billion in 2023, down 5% on 2022. However, sales through its direct sales network were up by 3%.
Luxury
Vivienne Westwood's own clothing to be auctioned in June

Vivienne Westwood's own clothing to be auctioned in June

​Vivienne Westwood’s personal wardrobe is going up for auction in London, including ballgowns, tweed suits and more.
Fashion
Ganni names ex Balenciaga exec Laura du Rusquec, as new CEO

Ganni names ex Balenciaga exec Laura du Rusquec, as new CEO

Ganni, the clean-cut Danish hipster label, has named the former Balenciaga executive Laura du Rusquec to be its new CEO in a significant shift of emphasis at the brand.
Luxury
Tapestry and Capri Holdings defend merger plans after FTC bombshell

Tapestry and Capri Holdings defend merger plans after FTC bombshell

​After news that the FTC in the US wants to block Tapestry’s takeover of Capri Holdings on competition grounds, both companies have issued statements defending their plans.
Luxury
Billionaire Pinaults fight to pull Gucci off the discount rack

Billionaire Pinaults fight to pull Gucci off the discount rack

On a recent Friday afternoon, shoppers at a Gucci boutique waded through heaps of heavily discounted, past-season merchandise: Yellow pumps, furry slippers, flamboyant jackets and bright green clutches. 
Luxury
Central's search for new Selfridges partner goes on, reportedly in talks with possible buyers

Central's search for new Selfridges partner goes on, reportedly in talks with possible buyers

​Middle Eastern and Chinese investors are reportedly eyeing a Selfridges stake as Thailand-based Central Group continues to seek an owner-partner to replace failed co-owner Signa.
Fashion
Valentino Chairman bets quiet luxury is over after Michele hire

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.
Luxury
Venice Biennale 2024: Between luxury and conflict

Venice Biennale 2024: Between luxury and conflict

Chaos, conflict and the claustrophobia of consumer culture were at the heart of this year’s Venice Biennale, which ironically has rarely seen an opening week more crammed with activations by fashion and luxury brands.
Luxury
UK consumers' sustainability score drops - ESW report

UK consumers' sustainability score drops - ESW report

The UK consumers’ crown for being among the leaders in sustainability values is slipping. They’re less sustainably minded than they were just a year ago, according to a new ‘Global Voices’ survey from digital firm ESW.
Fashion
Alexander McQueen: Gaelle Collet appointed brand and communications director

Alexander McQueen: Gaelle Collet appointed brand and communications director

Kering's British label has appointed Gaelle Collet, who has worked for Chanel, Dior, Saint Laurent and Celine, among others, as head of brand and communications.
Luxury
Armani "doesn’t rule out" merger or IPO in succession plan

Armani "doesn’t rule out" merger or IPO in succession plan

Three months before his 90th birthday, Giorgio Armani is hinting at possible big changes for his Italian fashion empire once he’s no longer in charge. 
Luxury
UK consumer confidence may keep rising but spending concerns remain - Deloitte

UK consumer confidence may keep rising but spending concerns remain - Deloitte

UK consumer confidence isn’t just on the up again, it’s reached a new two-year high as personal finances improve, especially among 25-34 year-olds. But that isn’t necessarily feeding through to spending habits.
Fashion
Sojo launches Pledge to Repair at Institute of Positive Fashion Forum

Sojo launches Pledge to Repair at Institute of Positive Fashion Forum

​The BFC’s 2024 Institute of Positive Fashion Forum has wrapped up with the big news being a call from Sojo for the UK fashion industry and its customers “to get behind Care & Repair in a bid to reduce textile waste”.
Fashion
Research highlights fashion waste ahead of eBay Live launch in UK

Research highlights fashion waste ahead of eBay Live launch in UK

​Following its move to axe individual seller fees on fashion, eBay UK has come up with some interesting statistics about UK consumers’ fashion usage and they highlight a huge amount of waste in the sector.
Fashion
Britain’s retail sales disappoint in sign of lacklustre recovery

Britain’s retail sales disappoint in sign of lacklustre recovery

Hardware stores, furniture shops, and clothing stores all reported a rise in sales, but these gains were offset by falling food sales and in department stores where retailers say higher prices hit trading.”
Fashion