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Search resuls for: "Fashion Business"


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When Omarni Webb decided she wanted to get a master's degree, she was determined not to go into debt. Webb completed a master's degree in marketing in Sweden and later worked as a data analyst. I figured that having a master's degree would give me an edge because I would know how to design clothes and market them. I looked at Columbia and New York University but soon realized that I couldn't afford to go to either, even if I got accepted. I had gotten through college with no debt and wanted to do the same for my master's degree.
Persons: Omarni Webb, Webb, , Pell Grant, TJ Maxx, I'm, Erin Organizations: Ikea, Service, Fashion Institute of Technology, Citadel, New York University, NYU's Stern School of Business, Mälardalen University, Stockholm University, Marvel Locations: Sweden, Manhattan, New York, Columbia, Burlington, Marshalls, Västerås, Stockholm, Brooklyn, London, Europe, Germany, Estonia, Denmark, Finland, Paris
Foot Locker turns 50 while on a bit of an upswing two years into Dillon's tenure as CEO. Coi Leray performs at Foot Locker 50th anniversary event on September 16, 2024 in New York. "Whereas Foot Locker looks vulnerable because it just doesn't have all these other strings to its bows," said Saunders. Foot Locker store location on 34th street in New York City. The company is working to refresh two-thirds of its global Foot Locker and Kids Foot Locker doors by the end of 2025, and said 40% of its North American footprint is now off-mall.
Persons: Patrick T, Mary Dillon, Locker, Mike Vitelli, Isabella Picicci, we've, Dillon, Neil Saunders, Dick's, Saunders, they're, Frank Winfield Woolworth, Janine Stichter, Foot, Frank Bracken, Bracken, America sputtered, WSS, , she's, That's, Stichter, they'd, Kim Waldmann, it's, Waldmann, that's, Foot Locker Organizations: Nike, Foot, Beverly Center, Fallon, Bloomberg, Getty, PR, Adidas, CNBC, Goods, JD, JD Sports, City of, Forbes, Jordan, she's Locations: Los Angeles, New York City, New York, City, City of Industry , California, U.S, America, North America, GlobalData, Foot
In a little over a month, they will learn whether they have won of one of the most coveted competitions for emerging designers: The Council of Fashion Designers of America/Vogue Fashion Fund. It provides 10 finalists with access to industry leaders, with mentorship on everything from growing their brands to showing at New York Fashion Week. “The fashion fund is also beyond the tangible mentorship or grant, it’s a visibility play,” the CEO said. “The first fashion fund was the reason we started doing runway shows,” he said. Rogers and past finalist House of Aama will be taking their designs to the CFDA/Vogue Americans in Paris Initiative during Paris Fashion Week.
Persons: , Proenza Schouler, Thom Browne, Browne, Anna Wintour, Roopal Patel, Steven Kolb, There's, Grace Ling, Ling, , Kolb, Sebastien, Marianne Amisial, Sebastien Ami, , “ It’s, Christopher John Rogers, Michelle Obama, Tracee Ellis Ross, Rogers, Shawn Grain Carter, Michael Kors, ” Jackson Wiederhoeft, prepping, Wiederhoeft, Tommy Hilfiger, Rebecca Henry of House, Aama, she's, what's Organizations: New York, Fashion Designers of America, Vogue, Fund, Saks, American, Pacific Islander, Associated Press, Fashion Institute of Technology, Paris Initiative, Paris Locations: New, U.S, Singapore, ” Louisiana, Bushwick, Soho, Paris, Manhattan,
How Gen-Z buyers are changing the bridal fashion business
  + stars: | 2024-06-21 | by ( Yola Mzizi | ) edition.cnn.com   time to read: +9 min
A bridal look from Collina Strada, presented at New York Fashion Week in September 2022. Aurora Rose/ShutterstockA bridal look from Sandy Liang, presented at New York Fashion Week in February 2023. Avalon/dpa/picture alliance/Sipa USAMillennial and Gen-Z brides-to-be like de Quesada are no longer shopping for just a wedding dress, but an entire wardrobe for pre- and post-wedding events. That breadth is propelling the global bridal wear market, which is projected to grow at a rate of 3.5 percent annually and is expected to reach $83.5 billion by 2030, according to the Global Bridal Wear Market Industry report. Efren Landaos/Sipa USAFor an emerging designer like Wiederhoeft, bridal is something of a safety net, serving as “a floating line of credit” for the rest of their business.
Persons: , Christyne de Quesada, ” de Quesada, , ShuShu Tong, Vera Wang, Gabriella Arango, Gucci, Collina Strada, Aurora Rose, Sandy Liang, de Quesada, it’s, , Caroline Crawford Patterson, Dua Lipa, Simon Porte Jacquemus, Marco Maestri, Arnold Jerocki, Crawford Patterson, Anthropologie, It’s, Jackson Wiederhoeft, Wiederhoeft, “ It’s, Efren, Millennials, Hillary Taymour, Taymour, JP Yim, Andrew Kwon's, Rodin, Andrew Kwon, Kwon, Brigitte Chartrand Organizations: The, Fashion, CNN, New York, Avalon, Cion Investment Corp, Abercrombie, Fitch, Census Bureau, Pew Research Center, Designers, ” Retailers, Ssense Locations: Venice, Italy, Mexico City, Miami, Shanghai, Florida, Dua, Charleval, France, New York, New, New York City, , Ssense
CNN —Virginie Viard is exiting Chanel after five years serving as the French luxury house’s artistic director of fashion collections. The designer took on the position following Karl Lagerfeld’s death in 2019 after working alongside him at Chanel for decades. Pascal Le Segretain/Getty ImagesChanel said that it wanted to thank Viard “for her remarkable contribution to Chanel’s fashion, creativity and vitality.”Just last month, Chanel’s chief executive Leena Nair told The Business of Fashion that “since Virginie took over from Karl… the Chanel fashion business has multiplied by 2.2. The Chanel ready-to-wear business has been multiplied by 2.5, and the ready-to-wear business last year of Chanel grew by 23%.”The brand’s earnings rose 16 percent to $19.7 billion in 2023. Karl Lagerfeld and Virginie Viard walk the runway during the Chanel show as part of Paris Fashion Week on October 2, 2018 in Paris, France.
Persons: Virginie Viard, Karl Lagerfeld’s, fashion’s, Lagerfeld, Gabrielle “ Coco ” Chanel, Chanel, Viard’s, , , Pascal Le Segretain, Viard “, Leena Nair, Virginie, Karl …, Fendi, Karl Lagerfeld, Gabrielle Chanel, Valentino’s Pierpaolo Piccioli, Alessandro Michele, Gucci, Sarah Burton, Alexander McQueen Organizations: CNN, Chanel, Paris Haute Couture Locations: Chanel, Paris, France, British
From 2009 to 2021, Matthew Hardy harassed at least 62 women, according to The Guardian, which produced a podcast of the same name that the series is based on. The Netflix docuseries features interviews with several of Hardy's victims, including Lia Hambly, Abby Furness, and Zoe Jade Hallam, who recall their harrowing experiences as a result of his cyberstalking. After Matthew was convicted in January 2022, many of the women affected were able to move on with their lives. Zoe Jade Hallam is a model and a mechanicIn 2018, Hardy started using Snapchat to harass Hallam. It was me that drew Matthew Hardy to him."
Persons: Matthew Hardy, Lia Hambly, Abby Furness, Zoe Jade Hallam, Matthew, Hardy, Hallam, Zoe, Lia Marie Hambly, Hambly, Lia's, Furness, I'd, Abby, Emma Bunton Organizations: Guardian, Netflix Locations: Furness
He has had a fashion business in New York since the late 1980s, the same decade that Michael Kors and Donna Karan started their namesake lines. From 1999 to 2018, he showed two collections each year, some on the schedule at New York Fashion Week. But Michael Brown, 66, and his brand, B Michael, are not household names. For most of his career, B Michael has focused on made-to-order pieces — some everyday items, and others for red carpets, galas or photo shoots. He describes his aesthetic as “modern day Audrey Hepburn.” Beyoncé, Halle Berry, Whitney Houston, Diahann Carroll, Lena Horne and the jazz singer Nancy Wilson have all worn B Michael clothes.
Persons: Michael Kors, Donna Karan, Michael Brown, Michael, Audrey Hepburn, ” Beyoncé, Halle Berry, Whitney Houston, Diahann Carroll, Lena Horne, Nancy Wilson Organizations: of Fashion Designers of America, New York, Saks Fifth Locations: New York
Willy Chavarria: Designer, Activist and Now, Auteur
  + stars: | 2024-02-09 | by ( Guy Trebay | ) www.nytimes.com   time to read: +1 min
“Hideous,” said Willy Chavarria, talking about the fashion business, celebrity entitlement, late-stage capitalism, his current state of mind. “It’s still men’s wear, honey,” he said. Hideous are the demands a best-selling pop star made before agreeing to attend Mr. Chavarria’s show on Friday and a lavish dinner party at Jean’s that will follow. Hideous are the industry trade groups that dole out awards to minority designers while withholding the financing necessary to build a sustainable long-term business. Then the mercurial Mr. Chavarria, 56, experienced a sudden mood shift.
Persons: , Willy Chavarria, “ It’s, Chavarria’s, Chavarria, , Claude Montana Locations: Greenpoint, Brooklyn, Jean’s, America
Gucci’s Reboot Brings Back Old-School Cool
  + stars: | 2024-01-16 | by ( Guy Trebay | ) www.nytimes.com   time to read: +1 min
The headline was Gucci. Gucci is, in a way, the Ever Given of the personal luxury goods trade. With more than 500 stores worldwide and an estimated market value in 2022 of $35.3 billion, it is that skyscraper-size tanker, caught sideways. The entire fashion business took a hit during the pandemic and then bounced back, or seemed to, with a surprising resilience. The instincts that helped elevate him from journeyman accessories designer to star were already giving him the itch to move on.
Persons: Gucci, Alessandro Michele, , Michele Locations: Suez, Florence
By contrast, even the most expensive Shopping Bags often cost less than $300. Telfar Clemens at the CFDA x Vogue Fashion Fund 'Americans in Paris' event, Paris Fashion Week, France in March 2018. Maker of the ‘Bushwick Birkin’“This Telfar bag imported. The Covid-19 pandemic sent the popularity of the Shopping Bag to new heights — new bag releases announced online sold out in minutes. ‘For everyone’In 2015, Telfar had an unusual partner at New York Fashion Week: fast-food chain White Castle.
Persons: Bella Hadid, Alexandria Ocasio, “ Abbott, they’re, Birkin, , Telfar Clemens —, ” Clemens, Clemens, He’s, Telfar, Telfar Clemens, Hagop Kalaidjian, Clemens “, Lois Sakany, Beyoncé, Gonzalo Marroquin, Patrick McMullan, Solange Knowles, David X Prutting, Bushwick Birkin, , Adrienne Jones, Samia Laaboudi, Edward Berthelot, Chanel, Laticha Brown, , Robert F, Kennedy, Babak Radboy, , It’s, Elliott Jerome Brown Jr, ” Sakany, Sakany, Pratt’s Jones, Radboy, ” Telfar, DiCianno, Jones, ” Jones, it’s Organizations: New, New York CNN, Rep, ABC, Brooklyn, tote, Gay Times, Fund, Paris, CNN, Liberian, New York’s Pace University, Breakfast Club, of Fashion Designers of America, Vogue, Guggenheim Museum, ” Pratt Institute, Security, New York, Reuters, Analysts, Bag Security, Fashion Institute of Technology, White, Kennedy Human Rights Liberty, Justice Fund, Old, Fast Locations: New York, Alexandria, Cortez, Bushwick, Brooklyn, Paris, France, New York City, Liberian, Queens, Liberia, United States, USA, . Clemens
Richemont digital strategy goes back to square one
  + stars: | 2023-11-29 | by ( Lisa Jucca | ) www.reuters.com   time to read: +3 min
The logo of the luxury goods company Richemont is pictured at its headquarters in Bellevue near Geneva, Switzerland, June 2, 2022. REUTERS/Denis Balibouse Acquire Licensing RightsMILAN, Nov 29 (Reuters Breakingviews) - Johann Rupert’s digital strategy may be heading back to the drawing board. But even if Rupert can extricate himself from the Farfetch situation, Richemont’s digital plans will still be unclear. In August 2022 Richemont agreed to sell a 47.5% stake in its digital platform, Yoox Net-A-Porter, to Farfetch. Shares in Richemont were up 1.5% by 1100 GMT on Nov. 29.
Persons: Denis Balibouse, Johann Rupert’s, Porter, Cartier, Rupert, Farfetch, José Neves, Richemont, Financiere Richemont, Peter Thal Larsen, Oliver Taslic Organizations: REUTERS, Reuters, The Telegraph, Financiere, Telegraph, Thomson Locations: Bellevue, Geneva, Switzerland, Swiss, U.S, YNAP, New York, Richemont
CNN —Former fashion mogul Peter Nygard was found guilty of four counts of sexual assault in a Toronto court on Sunday, following a six-week trial. The accusers were then “forcibly sexually assaulted, drugged, and/or coerced into sexual contact with Nygard,” according to the US indictment. Nygard consented to be extradited to the United States in 2021 but in 2023 he appealed against extradition, according to court documents reviewed by CBC. Nygard served as chairman of Winnipeg-based women’s clothing company Nygard International, which he founded in 1967. In March 2020, Nygard International filed for bankruptcy protection in Canada and the United States after the sex trafficking allegations.
Persons: Peter Nygard, Nygard, , Ken Frydman, CNN’s Sheena Jones, Madeline Holcombe, Laura Ly, Sonia Moghe, Ray Sanchez Organizations: CNN, of, Prosecutors, CBC, Nygard International, Nygard Locations: Toronto, United States, Southern, of New York, Winnipeg, Canada
It said lower material and freight costs should result in a "substantial recovery" in Primark's gross margin and overall it expects Primark's adjusted operating profit margin to recover strongly from the 8.2% made in 2022/23. "At this early stage we believe that the adjusted operating profit margin will be above 10% with further improvement dependent on levels of consumer demand," it said. For the year to Sept. 16, 2023, it made an adjusted operating profit, its key profit measure, of 1.51 billion pounds ($1.86 billion), up from the 1.44 billion pounds made in 2021/22. Primark's adjusted operating profit fell 3% to 735 million pounds. The group announced an additional share buy back of 500 million pounds after concluding a programme of the same amount last month.
Persons: James Davey, Sarah Young, Miral Organizations: British Foods, Foods, Revenue, Thomson
The NYT reports that Bernard Arnault's family dislikes being compared to the Roys from "Succession." Bernard Arnault's five children have a 90-minute lunch with him every week to discuss the business. When the NYT questioned him directly on this, Arnault "brushed off any comparison to television's Roys with a wave of his hand." "The best person inside the family or outside the family should be one day my successor," he told The Times. Jean Arnault told the newspaper: "Make no mistake, we discuss things, but at the end, it's he who decides."
Persons: Bernard Arnault's, Bernard Arnault, LVMH, Delphine Arnault, Louis Vuitton, Jean Arnault, Louis Vuitton's, Logan Roy, Arnault, it's Organizations: Service, The New York Times, Times, Dior, Financial Times Locations: Wall, Silicon, France, Cashmere
New York CNN —Fast fashion e-tailer Shein may be coming to a mall near you. Forever 21’s parent company Sparc Group announced on Thursday that it will partner with the online shopping giant in a deal that would see Sparc become a minority shareholder in Shein. Sparc is a partnership between retail real estate company Simon Group and Authentic Brands Group, whose portfolio includes brands like Brooks Brothers and Nine West. The deal will “provide Sparc Group a platform to further grow its brands,” Sparc said in a news release. Both are fast fashion brands, meaning they mass-produce cheap items that are often used and discarded at a rapid pace as consumers strive to keep up with the latest trends.
Persons: Shein, Brooks, Shein’s, , Marc Miller, ” Donald Tang Organizations: New, New York CNN, Sparc Group, Sparc, Simon Group, Authentic Brands, Brooks Brothers, Nine Locations: New York, Shein
The multi-trillion dollar fashion industry contributes significant greenhouse gas emissions, between 8% to 10% of total global emissions, according to the United Nations. With the majority of textiles in the fashion industry blended, it is harder to recycle one fiber without harming another. Spinnova partnered with the world's largest pulp and paper company this year, Suzano, to turn wood and waste into recycled textile fiber. Textile waste, by some measures, is a bigger issue than plastics waste, and it has a similar problem. Late last year it worked on a limited collection with fast fashion clothing giant — and consumer consumption flashpoint — Zara, using its recycled textile waste material.
Persons: LEVI, Alexander Donka, Paul Dillinger, Levi Strauss, Spinnova, Chloe Songer, Songer, Victor J, Levi's Levi Strauss, Dillinger, You've, we're, , Stacy Flynn, Flynn, Levi's, Stella McCartney, — Zara Organizations: McKinsey, United Nations, McKinsey Sustainability, Co, Shoppers, Blue, Bloomberg, Getty, Adidas, CNBC Locations: Sweden, Africa, Zara, New York
Twitter, Meta and TikTok are three of the world's biggest social media giants. Meta and Twitter both scored poorly in the "culture" and "ethics" categories. Here are the seven brands with the worst reputations in America, according to the poll:The Trump Organization FTX Fox Corporation Twitter Meta Spirit Airlines TikTokAmericans named the Trump Organization as the company with the worst public perception in the country. The Trump Organization, TikTok and Spirit Airlines held their spots from last year's rankings. Meta and Twitter became slightly more reputable, by one spot each, and Fox Corporation went from fifth-worst to third-worst.
Persons: They're, Axios Harris, Elon Musk, TikTok, Donald Trump, FTX, Sam Bankman, Fried, Bitcoin, FTX's, Kelly Evans Organizations: Twitter, Meta, Fidelity, Elon, Trump Organization FTX Fox Corporation Twitter, Airlines TikTok, Trump Organization, CNBC, . Fox Corporation, Voting Systems, BP, Company, The Trump Organization, Spirit Airlines, Fox Corporation Locations: U.S, America, BP's Gulf, Mexico, Nos
Or, in other words, the Taylor Swift look. “This has become a wild year already for us because of Taylor Swift,” said Johnson, CEO of Hazel & Olive. Right: Taylor Johnson, founder and CEO of Hazel & Olive, wearing The Eras Sequin Fringe Dress. Taylor Swift performs onstage during night one of Taylor Swift | The Eras Tour at Nissan Stadium on May 05, 2023 in Nashville, Tennessee. Altar'd State stores have curated Taylor Swift looks for concert goers.
A $20 Uniqlo bag that went viral on TikTok has been named the hottest product of the year so far. There are more than 87 million views of the "Uniqlo bag" on TikTok. This bag is an affordable take on the "quiet luxury" trend that is dominating fashion. There are more than 87 million views of the "Uniqlo bag" on TikTok, for example. The bag falls neatly into the quiet luxury — or stealth-luxe trend — that has become a major talking point in the fashion industry in recent months.
Indian shares set to open lower ahead of RBI policy decision
  + stars: | 2023-04-06 | by ( ) www.reuters.com   time to read: +2 min
BENGALURU, April 6 (Reuters) - Indian shares are poised to open lower on Thursday, ahead of what many expect to be the Reserve Bank of India's final interest rate hike in the current cycle. India's NSE stock futures listed on the Singapore exchange were down 0.12% at 17,603 as of 7:59 a.m. IST. The MSCI's gauge of the broader index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) was down 0.42%. ** Equitas Small Finance Bank Ltd (EQUI.NS): Co posts 36% YoY growth in gross advances at 280.61 billion rupees in the quarter-ended March. ** Avenue Supermarts Ltd (AVEU.NS): Co posts standalone revenue from operations at 103.37 billion rupees for the quarter-ended March, up 20% YoY; total stores at 324.
REUTERS/Miguel VidalA CORUNA, Spain/LONDON, Feb 28 (Reuters) - In Spain's A Coruna, two contrasting fashion business models collide - pitching the growing demands for the clothing industry to become more sustainable against the constant need to drive sales. This rainy, windswept, city on the rugged Atlantic coast is the unlikely headquarters of Zara-owner Inditex (ITX.MC) - the world's biggest fast fashion retailer. It also hosts small boutiques offering high quality, durable products that consider themselves an alternative to the fast and affordable fashion propelling Inditex's annual sales of 28 billion euros ($30 billion). "If you release tonnes and tonnes of clothes, textiles, shoes into the market, you will have to collect it," he said. But Circ and its competitors are only capable of producing 1% of the textiles needed to make the 109 million tonnes of clothes per year that the global fashion industry churns out.
Away hired Carla Dunham as chief marketing officer as the luggage and travel accessories company tries to make the most of the industry’s pandemic recovery. Ms. Dunham had most recently been chief marketing and merchandising officer at e-commerce delivery startup Foxtrot and previously held high-level marketing roles at retail and fashion businesses including Kate Spade and Amazon Fashion. Carla Dunham, chief marketing officer for Away. Photo: AwayBusiness has picked up again as travelers around the world return to prepandemic activities, according to Ms. Dunham. Ms. Dunham reports to Away co-founder and Chief Executive Jen Rubio.
NAIROBI, Jan 6 — Kenyan police have discovered the body of a prominent LGBTQ rights campaigner stuffed inside a metal box in the west of the country, local media reported on Friday. Activist Edwin Chiloba’s remains were found on Tuesday near Eldoret town in Uasin Gishu county, where he ran his fashion business, independent rights group the Kenya Human Rights Commission (KHRC) said. “He was brutally killed & dumped in the area by unknown assailants,” KHRC said on Twitter. The country’s film board has banned two films for their portrayals of gay lives in recent years. Edwin Chiloba was a fighter, fighting relentlessly to change the hearts and minds of society when it came to LGBTQ+ lives,” GALCK, a Kenyan gay rights group, said on Twitter.
J.Crew embarked on a comeback after filing for bankruptcy in the early months of the pandemic. But hype alone isn't enough: experts say the stores and product needed a revamp, and the brand is now on the right track. J.Crew has since placed a new CEO at the helm — Libby Wadle, who previously oversaw J.Crew's fast-growing sister brand, Madewell. "In our industry, it begins with product," Quan said. Quan said he's cautiously optimistic, saying that the product improvements hint that the brand is on the right track.
Estee Lauder to buy fashion label Tom Ford in $2.8 billion deal
  + stars: | 2022-11-15 | by ( ) www.reuters.com   time to read: +2 min
Nov 15 (Reuters) - Estee Lauder Cos Inc (EL.N) said on Tuesday it agreed to buy U.S. fashion label Tom Ford for $2.8 billion, its biggest deal yet, adding a line of beauty products and apparel to the Clinique brand owner's portfolio. While Estee Lauder already sells Tom Ford beauty products and fragrances, the deal has raised some eyebrows on Wall Street. (https://reut.rs/3tqhWrK)As of Tuesday's close, Estee's stock fell 17% since the deal talks with Tom Ford were reported by the media in August. Tom Ford had entered into exclusive negotiations with Estee Lauder last week, beating competing bids from companies including Gucci owner Kering SA (PRTP.PA), the Financial Times reported on Friday. Chief Executive Officer Tom Ford will continue to serve as the brand's creative visionary.
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