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First Q1 performances of luxury fashion companies impacted by Trump tariffs and geopolitical tensions

Financial news of the week: Trump Tariffs, Geopolitical Tensions Hit Luxury Sector The first financial results of Q1 2025, reported this week, show that trade tensions and geopolitical uncertainty are weighing on the performance of key luxury fashion groups. First Q1 results reveal slowdown across major fashion houses LVMH posted a 3 percent...

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France: intelligent protectionism faced with ultra fast fashion

Paris - Will protectionism become a condition for the survival of the French fashion industry? As the Trump administration relaunched its trade offensive against China in April 2025, imposing massive tariffs on imports, Europe braces for a shockwave that could hit its own market hard. Earlier this week the Fédération Française du Prêt à Porter F...

Fashion

Rosso (Otb) on Made in Italy: ‘Everyone copies us, we must show who we are’

“Europe should be stronger and more cohesive, with strong leaders who can assert our conditions and our distinctive qualities, so as not to be at the mercy of other major powers. We ask for more transparency, loyalty, strength and the will to show our qualities. It is not right that Italy suffers, for all the values that it brings with it. We...

People

N.Ireland designer Jonathan Anderson takes helm at Dior Men

French fashion giant Dior named the highly-rated designer Jonathan Anderson as creative director of Dior Men on Thursday. Anderson, 40, quit Loewe last month after more than a decade in which he turned around the fortunes of the heritage Spanish brand. The Northern Irish designer -- an influential tastemaker with many A-list fans -- made the...

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CFDA partners with AI powered personal styling app Alta

The Council of the Fashion Designers of America (CFDA) has partnered with the personal styling app Alta in a bid to offer designers new ways to engage with audiences. Powered by more than a dozen artificial intelligence models trained by Alta's team, the app uses AI to optimize users' existing wardrobes and help them shop for pieces that fit and...

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Shein & Temu to increase prices as tariffs come down on cheap imports

Ultra-fast fashion retailer Shein and Chinese online marketplace Temu are set to increase prices next week as new tariffs implemented by US President Donald Trump on apparel and footwear in a bid to limit low-value imports begin. As the tariffs drive up expenses for companies, Temu and Shein issued statements to customers this week stating that...

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LVMH general meeting: Jonathan Anderson at Dior Men's and 2025 strategy focused on quality

Jonathan Anderson appointed for the Dior Men's collection, to be shown June 2025; quality rather than growth, at all costs; the desire to create a free trade area with the US; and the vote in favour of keeping Bernard Arnault at the helm until the age of 85: these were the four key announcements that emerged from the general meeting of the...

Podcast

Podcast: 'Trump tariffs herald new era for global trade'

In a striking speech from the Rose Garden, President Donald Trump made his position clear: in his opinion, the era of globalisation is over. He announced sweeping import duties on foreign goods, firmly underscoring his economic course. The measures immediately caused a stir on Wall Street, where stock prices fell sharply. According to Brian...

Retail

Marks & Spencer rolls out paper packaging for men’s essential range

Department store Marks & Spencer has carried out a packaging overhaul of its men’s essential range. According to the retailer, it has switched to paper packaging across the category, removing “almost 5.5 million units of plastic from its Clothing & Home business”. Men’s socks, woven pyjama sets and almost 40 percent of men’s underwear lines are...

People

The Virgil Abloh Foundation names Athiththan Selvendran as its chief creative officer

Athiththan Selvendran, Virgil Abloh's first employee, committed right hand, and chief of staff, has been appointed chief creative officer of the Virgil Abloh Foundation (VAF). Currently the chief operating officer of Virgil Abloh Securities (VAS), the appointment highlights the expansion of Selvendran's role and his growing influence as a...

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John Henric opens first UK store in London

Swedish menswear brand John Henric has opened its first UK store in the City of London as part of a wider retail expansion strategy to drive growth and brand recognition. The 1,140 square foot store is located at retail and leisure destination One New Change on Cheapside near St. Paul’s in the City of London, allowing the brand to target the...

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Textile-to-textile recycling: Reju partners with Rematrix

Textile-to-textile regenerator Reju has entered into a partnership with Rematrix, a Producer Responsibility Organization (PRO) from Vicenza, Italy, to secure a compliant and sustainable supply of end-of-life textiles. Rematrix collaborates with fashion companies and manages the end-of-life phase of their textile products, ensuring compliance...