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...

Michael Kliger, president and CEO of Mytheresa, the Munich-based e-tailer, reveals the secret to dealing with the speed of consumption and how to have a global (and happy) consumer base in the luxury market. “In today’s fashion world, we must be aware that our customers don’t need what we sell, but with our experience we make them desire that,” Kliger explained exclusively to Nowfashion...

Tiffany & Co., the ultimate American luxury brand that was made forever famous when Audrey Hepburn nibbled on a croissant before its store window, might shortly become a French possession.  Perhaps that croissant was more of an omen than a prop in the 1961 romantic comedy “Breakfast at Tiffany’s” ... after all. And today, the US risks losing one of its most valuable luxury jewels of all.  Media...

Most likely. According to various recent studies held by trend forecasters, Gen Zers – the demographic cohort of people born between people 1995 to 2010 – are likely to "go back to basics," with mobilization, pragmatism, and physical contact, winning over individualism, idealism, and ever-growing digitalization. The luxury industry is currently obsessed with catering to the needs of...

MILAN--Norway-based retailer Carlings, which released its first digital clothing collection in 2018, will unveil a new virtual clothing project in the next three weeks.According to Ronny Mikalsen, the company’s CEO, Carlings will unfurl a new product that uploads physical clothing into a digital space, with Snapchat-like filtering features.“We are taking artificial reality technology into...

Luxury car maker Porsche accelerated to the top rank in the Brand Finance Luxury & Premium 50 list, becoming the world's most valuable brand, while Louis Vuitton was knocked off the second spot by Cartier. Cementing itself as front-runner in the luxury sector, Porsche has increased its brand value by 54 percent to US$29.3 billion, according to the latest report by Brand Finance, an...

The 7th edition of the e-P Summit kicked off in Milan Wednesday under the aegis of the theme “Next Level Now,” tackling key subjects like omnichannel retail and marketing, direct-to-consumer retailing, and 3D digital fashion design. Organized by Pitti Immagine, the one-day power networking event brought together international leaders and key players who are developing the strategies currently...

In an ever-changing digital age and saturated luxury industry, modern-day customers who shop for designer clothes and accessories – both on- and offline – are constantly on the look-out for authenticity and want to be engaged in new, unique ways. Anissa Draa, e-buyer at French department store Printemps, discusses the status quo of fashion buying and its challenges and what it takes to perfect...

The latest edition of the Planet Shopper Index (PSI) – a quarterly rundown of the top 25 most lucrative source markets for European retailers – reveals that international shopper activity across Europe accelerated in the second quarter of the year, mainly driven by US shopper activity and a bounce-back of visiting nations’ currencies against the pound and euro.  In fact, a strengthened dollar...

Just over a decade ago, investors with a penchant for luxury goods were reeling over the slew of IPOs that rocked the markets – family-run businesses like Salvatore Ferragamo and Prada among them, following in the steps of Bulgari and Tod’s.That all changed after the financial crisis. Today, trade woes, weak EU banks, Italy’s bad debt crisis, and political malaise continue to toss cold water on...

Today, more than ever, social media – and Instagram, more importantly – is undoubtedly the luxury industry’s pot of gold waiting at the end of the rainbow. And Heuritech, a Paris-based company, intends to turn this pot of gold into valuable nuggets of market data.  In fact, the company just released the Spring/Summer 2020 main industry trends across all four cities (Paris, Milan, London, and...

Amid troubling times for fast-fashion and brick-and-mortar stores, apparel behemoth Hennes & Mauritz AB pledged Thursday to cater to its customers, concentrate on sustainability, and invest in technology like artificial intelligence.In its third-quarter earnings results, the Swedish apparel behemoth said that its costs rose by SEK2.67 billion (EUR246.7 million) in the third quarter of the year,...

Just north of Papua New Guinea and a three-hour flight south of Tokyo, lies a tropical US territory called Guam. A remote, yet cosmopolitan shoppers’ paradise for Japanese and South Korean tourists who flock there to relax in the beachside luxury hotels, buy American goods at retail chains like Gap and Macy’s, and chow down at the island’s Olive Garden and KFC.There are about 160,000...

It might come as a surprise, but heritage sells. In this increasingly connected and newness-obsessed world, traditional heritage brands are being resurrected from the past, and old icons are generating some serious revenue.  In the case of treasured early-20th century brands like Schiaparelli, Vionnet, Lanvin, and most recently Patou – all it took was updating the creative narrative by weaving...

“Zona Industrial Moda Portugal” is a new business initiative promoted by CENIT (Portuguese Centre of Intelligence for the Textile Industry) and ANIVEC (Portuguese Association for Clothing and Apparel Industries). Co-funded by the European Regional Development Fund, as part of the Portugal 2020 Operational Programme for Competitiveness and Internationalization, the initiative aims to promote...