Virgil Abloh, creative director of Louis Vuitton menswear declared recently that “streetwear is definitely going to die”. Case in point, the current model of personal luxury that in the past generated 271 billions of euro in 2019 , the larger macro-category within the wider industry that moves in excess of a trillion euros globally, does not seem able to produce the “antiques of tomorrow”...

Virgil Abloh, creative director of Louis Vuitton menswear declared recently that “streetwear is definitely going to die”. Case in point, the current model of personal luxury that in the past generated 271 billions of euro in 2019 , the larger macro-category within the wider industry that moves in excess of a trillion euros globally, does not seem able to produce the “antiques of tomorrow”...

As it embarks on its fifth year, further expansion within its three markets and a conscious outlook on online, Seoul-based clothing brand harlan + holden has appointed Alessandra Facchinetti as its first Creative Director.“We are very pleased to announce Alessandra Facchinetti as Creative Director of harlan + holden. Beyond her immense talent, creativity and experience, we found a partner and...

Amid a relaxed fashion week that opened with the 25th anniversary of Dsquared2 and closed with the return of Gucci to the Milan menswear calendar, designers were upbeat about the future of menswear.   According to a report released by market research group Euromonitor International, the menswear sector is forecast to grow 22 percent by 2024 and...

“People in China buy clothes on gaming sites to make their characters special,” said Guangdong, China native Wang Houran, a 23 year old, business design student at Milan’s Domus Academy.Wang has been gaming since he was in high school. In addition to his passion for fashion, he is equally passionate about basketball; he’s crazy for the LA Lakers and once paid several hundred dollars for a...

Over the past years, the cosmetics and personal care sectors have been disrupted by the arrival of new-gen skincare players. B-to-C organic brands — such as Seasonly and Laboté — that purvey made-to-measure products defined by a client's needs and choices have taken the industry by storm.And the fragrance sector is about to experience the same fate: brands like Unique Fragrance, a Berlin-based...

Gucci is taking major strides to drive its business among Chinese consumers and engage them by creating a digital community. On Monday, the Italian luxury goods maker announced a joint business partnership with Chinese internet goliath Tencent, to, in large part, innovate across Tencent’s unique digital ecosystem and resonate even more among Chinese consumers.The news follows a report released...

Josh Luber, who turned his childhood passion for sneakers into a multi-billion dollar business, embodies the very definition of entrepreneurial spirit. For many, he is also the American Dream personified. After starting and selling several business ventures and obtaining his MBA, he created and launched Campless in 2013 while working at IBM. A blog of sorts, Campless became a way for Luber to...

Amazon Fashion is on a major uptick. With sales momentum driven by Gen Z and millennials, the online retail juggernaut is tailoring its Black Friday strategy to its consumer-crazed loyalists, using AI and social media indicators to outperform competitors.In fact, recent industry figures show that Amazon is the leading e-retailer in the United States. Although the majority of the company's...

According to a new report by the property consultancy Cushman & Wakefield, New Bond Street is the most expensive street in Europe when it comes to retail rents. It is also the third most expensive globally.Rent is reportedly $1,714 (£1,335) per square foot, increasing by 2.3 per cent in the last 12 months. The renowned London street is home to a prestigious selection of global luxury flagship...

“If women entrepreneurs participated equally in the economy, the GDP would go up by $5 trillion. That is good for business; that is good for our economy, and that’s common sense,” said designer Tori Burch in her acceptance speech at the 2019 Glamour Woman of the Year awards on Monday.Burch, who recently launched Embrace Ambition, an image series that shines a spotlight on the ways women are...

‘Tis the season to be (online) shopping: the upcoming holiday season is responsible for as much as 30 percent of a retailer’s sales for the year, and, according to official data published by McKinsey & Co., this percentage is likely to rise.A recent retail report published by the company shows almost a third of shoppers are expected to spend more this year than last – with digital-savvy...

As speculation continues to swirl that luxury goods maker Chanel is pondering an IPO or a merger with one of its larger peers (a rumour that the house has continuously denied), it is expanding at an accelerated rate into new territories.Over the last two years, Chanel has also gone on a buying spree, expanding its portfolio outside its fashion & accessories, eyewear, fragrance, skincare,...

When a startup known as The Fabricant sold a diaphanous $9500 virtual dress to Richard Ma, the CEO of Quantstamp, as a present to his wife, its founder Kerry Murphy, knew that they were really on to something. “If you think about what is happening in the art world, it really makes sense. Some people justify these purchases because they see them as the Mona Lisa of the future,” said Murphy in an...

As scrutiny over the fashion industry’s wasteful practices intensifies and eco-anxiety grows, the Fashion Pact forged by Kering’s François-Henri Pinault is gaining steam. On October 24th, the 32-member union welcomed 24 new signatories. With 56 co-operations involving more than 250 brands, the initiative by Pinault is a challenge accepted by French President, Emmanuel Macron. Set in motion in...