2023 has been a difficult year for luxury, in light of slowdowns in spending and creative director reshuffling. But perhaps no part of the industry has suffered more than multi-brand luxury e-tailers. Two big names in the space, Farfetch and Matches were sold for pennies on the dollar this week,...
For Lisa McKnight, evp and chief brand officer at Mattel, “Barbie” was a huge opportunity. McKnight led the coordination of a Barbie-led onslaught of collaborations that helped put both Barbie and Mattel everywhere. The Barbie brand itself practically doubled in value in 2023 compared to two years ago, now sitting...
Mary Carmen Gasco-Buisson joined 40-year-old jewelry brand Pandora as CMO in August 2022. She immediately faced the challenge of devising a marketing campaign for Pandora’s biggest project of the year: a full launch into the diamond category.
Announced Monday morning, Farfetch has been purchased by the South Korean e-commerce company Coupang. The announcement came as rumors swirled that Farfetch was skirting close to bankruptcy. The combination of spending on major initiatives like the purchase of YNAP just as spending on luxury began to decline across the U.S....
Last week, Breitling announced an acquisition of Universal Genève and a plan to go up against other big watch groups like Swatch and Citizen.
The labor market is fluctuating wildly, with headlines about major rounds of layoffs at high-profile companies like Spotify and Hasbro as the national unemployment rate remains low at 3.7%. In step, brand leaders are looking for more ways to keep employees invested and retain their loyalty over the long term.
On this final Week in Review episode of the year, we speak about the news coming out of COP28 in Dubai, including an explicit commitment to move away from fossil fuels by 2050. We also talk about the rise of generative AI in fashion, including which use cases are viable...
This holiday season, inflation and price increases have been the thorn in the side of many shoppers. JCPenney’s approach to the holiday shopping season is simple: pre-inflation prices.
Siblings Monica Royer and Andy Dunn’s children's and maternity apparel brand, Monica + Andy, was founded in 2014 as a purely direct-to-consumer business. But as the DTC market changed, the brand started working with Walmart in 2022 on a line of baby clothes. Now, the brand is going even deeper...