What LVMH stands to gain with a Tiffany & Co. acquisition While LVMH’s potential acquisition is still in only the initial exploratory phase, there’s reason to believe that Tiffany would be an asset to LVMH’s ability to compete with luxury group rivals Kering and Richemont.
Some DTC brands are trading equity for manufacturing expertise When Michelle Cordeiro Grant launched her lingerie brand Lively in 2016 after having worked at Victoria’s Secret, she knew she could spend years going to every factory in Asia trying to find the right partner that could produce what she wanted and how she wanted it, and still not end...
‘Getting a foot in the door’: As American department stores struggle, British luxury brands look for other ways to reach U.S. consumers The U.K. is a luxury fashion hub, home to luxury brands like Burberry, Barbour and Paul Smith, but 80% of the country’s luxury products are exported, with the U.S. being the largest recipient. For British brands, the big department stores that were their traditional gateway to the American consumer are...
Resale platform Rebag launches Kelley Blue Book for bags On Thursday, luxury resale platform Rebag is launching a new tool to evaluate handbags, applying the same standardized rigor to the category that the Kelley Blue Book applies to cars, according to Rebag CEO Charles Gorra.
‘Everyone’s getting out of China’: How tariffs are changing fashion’s manufacturing landscape Today, many high-quality goods are made in China, and it has become a major manufacturing hub for fashion brands from fast fashion to high luxury. But as the trade war between the U.S. and China heats up and additional tariffs are placed on goods from China, other countries like Vietnam...
Free of investor scrutiny and underperforming assets, HBC turns focus to Saks Fifth Avenue For every struggling retailer, there's a competing theory for the best way to survive the current retail landscape. Hudson’s Bay Company, the owner of retailers including Saks Fifth Avenue, Hudson's Bay and Saks Off 5th, has come up with an unorthodox but ambitious plan: to take the company private while...
‘No place will be more expensive’: Buoyed by big retail launches, Fifth Avenue looks to make a comeback In the past year, the New York retail scene has been through a lot. There have been major retail closures from big brands from the casual, like Gap, to the high-end like Tommy Hilfiger and Massimo Dutti. But Jerome Barth, newly appointed president of the Fifth Avenue Association, pushed back...
‘Larger scale equals larger impact’: Inside The North Face’s pivot to sustainability Despite being a large brand with a strong connection to the outdoors, The North Face has not made sustainability a major focus of its communications and marketing strategies in the past, said head of global creative Tim Hamilton. But now, with competition heating up between North Face and main competitor...
Under new CEO Scott Cutler, StockX explores new categories At the beginning of October, StockX, the billion dollar resale platform known primarily for its sneakers and streetwear categories, debuted an entirely new set of products: collectibles. It’s the fifth major product category after sneakers, streetwear, handbags and watches and signifies StockX’s shift towards being a universal “stock market of...