After growing sales 120%, British marketplace Watchfinder & Co sets sights on US market Since launching in 2002, Watchfinder has been growing steadily across the globe with a focus on digital commerce. Sales increased 120% year-over-year in 2023, commensurate with the continued growth of the global pre-owned luxury watch industry — it reached $24 billion last year and is expected to grow by around 9%...
Weekend Briefing: Why are so many publicly traded brands going private? Last week, Tod's announced a deal with L Catterton to take the brand private. This weekend, here's a look at why going private is an increasingly attractive prospect for brands.
Fashion Briefing: The future of luxury e-commerce is trending toward DTC It’s clear that large multi-brand online retailers focusing on luxury are struggling. But where does that leave the future of luxury e-commerce? While there are still a few luxury online retailers that are doing well enough to stay afloat, namely MyTheresa and Moda Operandi, the most likely scenario is that...
NYFW Briefing: Phillip Lim on why designers ‘must show’ during fashion month Lim's showcase in SoHo, like many shows this season, lacked a traditional runway, instead allowing attendees to wander the presentation and take in the clothes and Lim's aesthetic themes of the season at their own pace. That’s a big change from last September. But whatever the format, Lim said it’s...
NYFW Briefing: How Ratboot gained hype, and why designers are foregoing trends The boots were a creation of the New York brand of the London-founded creative agency Uncommon Creative Studio. Sam Shepard, chief creative officer of Uncommon, told Glossy the idea started with the “dumbest sketch I’ve ever made in my life.”
Weekend Briefing: Luxury brands look to fragrance, China to boost revenue As the luxury slowdown continues, luxury brands are looking for ways to juice up revenue, including looking to new categories like watches and beauty.
NYFW: Menswear designers embrace a return to tailoring while breaking down gender barriers Throughout the day on Friday, shows and presentations from brands including Landeros, Sivan and Y Chroma, among others, showed that men’s fashion is fully embracing two somewhat contradictory trends: old-school tailoring and a very modern view on genderless fashion.
Fashion Briefing: As lab-grown diamonds keep booming, can mined diamonds coexist? So will lab-grown diamonds completely replace mined diamonds in the future? And if not, how will these two categories coexist? Glossy spoke to executives from several diamond and jewelry brands that sell both lab-grown and mined diamonds. The consensus is that both categories will continue existing, but that lab-grown will...
Chanel wins lawsuit against What Goes Around Comes Around over trademark infringement The conflict between the two entities originally began in 2018 and has centered on WGACA’s ability to sell and guarantee the authenticity of the Chanel goods it was selling on resale. Chanel, as it has with other resellers like The RealReal, contested the idea that anyone other than Chanel can...