Week in Review: Luxury struggles and shakeups at Gucci, Mulberry On this week’s luxury-focused episode, we talk about Stefano Cantino being appointed the new CEO of Gucci and Kering's attempt to bring back sales growth at its biggest brand. Later, we talk about the ongoing saga around Mulberry, including the takeover bid from part-owner Frasers Group. And, finally, we discuss...
When should brand founders start taking salaries? With investment dollars drying up, new companies have much tighter budgets than startups enjoyed in the last decade, leading many founders to ponder a difficult question: At what point should you start taking a salary from the company you founded?
Mytheresa CEO Michael Kliger on YNAP acquisition: ‘Success will not come by saving costs’ It’s been an eventful year for luxury e-commerce. Farfetch was sold for pennies on the dollar to Coupang in April of this year after running into profitability issues. Matches Fashion suffered a similar fate, being purchased by Frasers Group in late 2023 only to be shuttered completely in March. And...
Glossy+ Research: Brands are showing more optimism for holiday sales, compared to last year The holiday shopping season is traditionally the most important sales time of the year for brands and retailers, but for the last two years, brands have approached the season with cautious optimism. This year, brands are feeling much better about their holiday sales going into the season.
Is peer-to-peer rental the future of the fashion side hustle? Influencers like Remi Bader and Serena Kerrigan have become organic users and evangelists for the app. Plus, monthly active users have tripled in the last year, there are thousands of rentals each week, and over 100,000 items are available at any one time. Most notably, and indicative of Pickle’s hyperlocal...
Week in Review: The future of Celine without Hedi Slimane This week, we discuss Paris Fashion Week's homogeneity and safeness, Hedi Slimane’s 6-year tenure at Celine and his replacement, and LVMH’s $110 million-per-year deal with Formula 1.
Fashion Briefing: The East Coast port strike could back up imports all the way through the holiday season For every 24 hours of shutdown at the ports, it will take seven days to clear through the backlog. That means that even if the strike lasts just one week, the ports will be backed up until after the election.
How much higher can luxury prices go? Luxury brands are increasingly raising their prices to get more value out of their most valuable customers: the hyper-affluent, high-frequency buyers whose wealth insulates them from the vicissitudes of the economy. These customers tend to continue buying from luxury brands regardless of how high the prices get.
These 3 fashion collectors view their expensive goods as assets The combination of luxury’s ever-increasing prices, the rise of luxury resale platforms like Fashionphile and The RealReal, and fashion's streetwear-influenced focus on limited-edition drops have all come together to create a type of consumer for whom luxury goods are investment assets. These customers amass large collections of exclusive, high-priced items...