LVMH has announced plans to enhance its commitment to the campaign to prevent violence against women. The luxury group revealed it will donate funds to cover 1,000 hotel nights for the non-profit “Fondation des Femmes."
Gen Z and Millennial consumers will account for two thirds of the luxury market in 2025, forcing labels to adapt their strategies to their young clientèle’s “activist” vision, said the latest study by Bain & Co.
As calls for change in the fashion industry grow, Tuesday saw the launch of Fashion Makes Change, a brand-led community platform with a dual focus on promoting women’s empowerment and tackling the climate crisis.
Simon Property Group, the biggest U.S. mall operator, will cut its purchase price for an 80% stake of rival Taubman Centers by 18%, both companies said on Sunday, as the coronavirus upends the retail industry sector.
YNAP’s luxe menswear webstore Mr Porter is continuing its exclusive link-ups and has unveiled its first collab with Italian luxury label Loro Piana. The two have this week launched a 10-piece capsule collection.
As many global consumers continue to be confined to their homes and want to make those environments as comfortable as possible, H&M’s Home unit has announced a collab with US fashion designer Diane von Fürstenberg.
On a day that included a flurry of results statement and trading updates from listed UK retailers, Joules was one of the winners as it said positive trends highlighted in an earlier update in September have continued.
With the pandemic continuing to put the brakes on the fashion industry, a number of retailers are taking the time to re-evaluate their business models in response to consumer demand for more responsible products.