Luxury fashion news and archive

London's luxury retail trailing Milan and Paris, warns Harrods boss

London’s luxury retail scene is being outcompeted by rival European cities, the managing director of British department store Harrods has warned. Michael Ward, who has been at the helm of Harrods since 2005, told The Telegraph that the government’s decision to scrap VAT-free shopping for tourists at the start of last year has put overseas...

BusinessFeatured

Is luxury fashion proving itself recession proof?

Inflation is at an all-time high, peaking at 9.1 percent. Thankfully, the price of gas is going down, easing the burden on customers’ wallets. At the same time, rent and housing prices are at a premium high. There are two schools of economic thought right now, one saying we are in a recession, and one saying we aren’t. There are also those...

Business

Istituto Marangoni collaborates with MIP Politecnico di Milano to develop a master

Istituto Marangoni has collaborated with MIP Politecnico di Milano, a non-for-profit Consortium Limited Company, to develop a Global Master for Luxury Business Professionals. It is a 12-month part-time programme that begins in June 2022 and it will involve face-to-face learning, remote live sessions and asynchronous content that can be used on...

Podcast

Podcast: The Glossy Podcast interviews Patrick Henry, aka Richfresh

In this episode, The Glossy Podcast has spoken to Patrick Henry, a L.A based tailor and luxury fashion brand founder, about his career and what first ignited his interest in fashion. Henry also discussed the evolving world of luxury fashion. "The term luxury in itself is evolving," said Henry. "[For clothing] it's all in the details: It's the...

Business

Luxury retail rebounds despite covid continuing to curtail travel

The luxury sector has flashed back from the Covid-19 pandemic but the crisis is still putting a crimp in travel, a key part of the market. Industry giants have reported results that show the world's well-heeled are splurging on luxury goods as sales surpass even pre-pandemic levels. LVMH -- home to Louis Vuitton, Moet, Fendi, and Kenzo brands...

BusinessFeatured

Luxury fashion M&A reactivates in 2021 with five deals in March

While it has taken a few months to take off, major investments, merges and acquisitions within the fashion and luxury industry seem to have started to flourish in 2021. From divestments to major acquisitions, these are the five deals that have the industry talking: Dondup, OAMC, Louboutin, Jil Sander and Vestiaire Collection. Confirming the...

Fashion Featured

Gucci remains most popular luxury brand online

Gucci has remained the number one most popular luxury brand online, new data reveals. The Italian label received 15.2 percent of the total search interest for luxury goods in 2020, according to luxury good magazine Luxe Digital. Chanel and Hermès followed close behind with 11.6 percent and 10.2 percent, respectively. Next came Dior, Louis...

Fashion Featured

Wardrobe organizing businesses in China surge by 400 percent in lockdown

The discovery of a Burberry jacket she does not recall buying proved to Chen Rui that she was right to have brought in experts to manage her out-of-control luxury wardrobe. "How did you find this?" the 32-year-old asked the crack team of "home organisers" who unearthed the jacket from a heap of clothes pulled from her closet in a slick Beijing...

Fashion

Zalando builds on luxury offering, launches ‘Real life luxury’ campaign

German e-tail giant Zalando has announced a number of new initiatives to further build on its luxury offering. The retailer is adding new brands to the category’s line-up, including Roksanda and Marchesa, and will expand lines from Victoria Beckham and Moschino. It is also changing the name of its ‘premium’ category (currently home to 260...

Fashion Featured

Burberry launches designer face masks in signature check design

British luxury label Burberry has taken its first foray into face mask fashion with the launch of a designer 90 pound reusable face covering. The masks, available exclusively online, are made using excess fabric and come in the brand’s iconic vintage check design in either archive beige or pale blue, with additional styles to be launched in...

People

OTB appoints Gianfranco Gianangeli as CEO of Maison Margiela

Fashion group OTB has announced the appointment of Gianfranco Gianangeli as the new CEO of Parisian fashion house Maison Margiela. Gianangeli, who will join the brand in September and report to group CEO Ubaldo Minelli, has held various managerial positions across luxury fashion, such as global retail director at Givenchy, associate...

Retail

World’s wealthiest shoppers spend average of 35,000 euros in UK stores

The world’s wealthiest shoppers - also known as ‘elite shoppers’ - are spending an average of 35,000 euros in UK stores, the highest average spend of all European countries, new research reveals. Those same shoppers are spending an average of 55,000 euros during an average of three international trips per year and across 12 different...