As Shanghai residents queued for compulsory Covid-19 tests amid a stifling heatwave last month, fashion brands were moving into some of the most desirable luxury malls in a city that had only just come out of a severe lockdown. Maison Margiela, Jil Sander, and Amiri — labels either fully or partially owned by Italian fashion...Read More
The Dallas Market Center announced that the trade event for menswear retailers, held July 30th to August 1st, broke records for the number of brands participating and the number of new buyers attending. Retail decision makers from 30 states visited the show, including a sharp increase in new buyers: More than 10% of buyers were first-time...Read More
Manolo Blahnik, who celebrated his 50th anniversary in business last year, has won a trademark dispute in China after a 22-year legal battle. The Supreme People’s Court of China, the highest court in the country, recently ordered the invalidation of an unlawful trademark dating back to 2000 that incorporates the name of Manolo Blahnik. The ruling means the company will...Read More
Stuart Hill, Farfetch’s senior vice president of logistics since four years, will join MatchesFashion as chief operating officer in September. The hire follows the appointment of former Asos chief Nick Beighton as MatchesFashion’s new CEO last week. Beighton, who will be the company’s fourth chief executive in under five years, will need to accelerate growth...Read More
A menswear store with an emphasis on American-made clothing has opened on Division Street in Wicker Park. Independence, 1909 W. Division St., opened in May at the former home of Neighborly gift shop, which closed its Wicker Park location in April. Independence sells a range of upscale mens clothing from brands hard to find anywhere else in...Read More
New stores are sprouting all up and down Madison Avenue. We lost some; we gained some. And several moved off the avenue. There is talk of brands — even major brands — taking smaller stores on Madison Avenue so that they have a showcase that doesn’t cost them a fortune. If you remember, flexibility is...Read More
For YouTube’s second virtual Beauty Festival, the video streaming platform is determined to go bigger and better than before. “Last year was sort of like a pilot, what a beauty festival could look like on YouTube,” said Derek Blasberg, YouTube’s head of fashion and beauty and director of public figures. “This year is a much...Read More
Tadashi Yanai is one of the most accomplished billionaire businessmen in the world. The established Japanese business typhoon is known for his stupendous contribution to the Japanese fashion industry, with his multinational retail holding company ‘Fast Retailing’ setting a benchmark for sheer popularity and presence in the fashion domain on a global scale. Yanai’s passionate outlook on...Read More
Cosmetics maker Coty Inc raised its full-year profit outlook on resilient demand for its high-end fragrances and skin care products even at a time inflation in most countries has soared to multi-year highs. Demand for luxury goods has held up as higher prices of everyday essentials have not affected the spending power of the affluent,...Read More
Russell Investments Group Ltd. increased its stake in Canada Goose Holdings Inc. (NYSE:GOOS – Get Rating) by 95.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 27,177 shares of the company’s stock after purchasing an additional 13,275 shares during the quarter. Russell Investments Group Ltd.’s...Read More
