The famous design competition has just revealed the identity of the 15 finalists in its Fashion, Accessories and Innovation categories, including labels such as Atlein, Eckhaus Latta, Facetasm, Kevin Germanier.
Fashion search platform Lyst has confirmed a new round of financing on the part of luxury giant LVMH. While the terms weren’t disclosed, various reports put the amount both at “over” or “below” $60 million.
The royal wedding turned into a social media celebration for British designer names with analysis from InfluencerDB showing huge media coverage generated by Clare Waight Keller, Stella McCartney, Kim Jones and more.
Christian Dior has named Charles Delapalme to be its new managing director of commercial activities. The appointment takes effect on June 15, 2018. He replaces Serge Brunschwig, who left Dior to become CEO of Fendi.
Matchesfashion went from strength to strength in the year that it was bought out with revenues up 44% and profits up 34%. And importantly, as much as 82% of its business was generated outside its home market, the UK.
Alibaba has invested in luxury online wholesale fashion tech firm Ordre as the three-year-old company positions itself for major growth. Ordre said Alibaba is now “a strategic investor,” but the terms weren’t disclosed.
Burberry seems to be on track with its transformation plan with sales and profits not suffering as it enters a period of fast change. But tough comparisons and regional variations also had an impact on its latest year.
The Global Brand Counterfeiting Report 2018 was published on Monday, revealing a growing problem in the luxury industry, where online sales of fake goods accounted for 31% of total counterfeiting-related losses in 2017.
The luxury accessories brand Montblanc has seen sales in smaller Indian towns grow through its joint venture with the Indian watch brand Titan and has named India as its fastest growing global market.