Investors are usually forgiving of tech firms when they spend years targeting the kind of profitability they’d like, but they weren’t forgiving Farfetch on Thursday as the firm’s shares fell 22% in late trading.
Lyst has released its Year in Fashion report for 2021, detailing the transition to the “new normal” as consumers “dressed up to go out and to make ourselves feel good” even though the effects of the pandemic remained.
Virgil Abloh has recently launched Off-White Kids, the designer’s first collection for girls and boys aged 4 to 12, featuring his label's signature codes with a fun colour palette and amusing graphics.
Ann Demeulemeester returned to Paris to see the rebirth of her fashion house Sunday, though from the front and not the backstage. Sitting snugly beside the brand’s new owner, fashion entrepreneur Claudio Antonioli.
Shying away from the oversize installations of previous editions, luxury labels like Gucci, Off-White and Givenchy took advantage of the Milan Design Week to showcase an array of new projects and offbeat initiatives.
September’s Paris Fashion Week will feature a total of 92 houses, as Paul Smith and Raf Simons return, and scores of brands plan physical shows on the calendar of the Federation de la Haute Couture et de la Mode.
Farfetch unveiled its new service on Wednesday — Pre-Order. It will offer early access throughout the season for all Farfetch customers to tap into the newest products, rather than being just a VIP service.
Covid has forced the Italian luxury industry to step up the pace of its transformation and search for investors, as shown by Zegna announcing a forthcoming stock market listing, and L Catterton’s acquisition of Etro.