Farfetch’s downward spiral ends with acquisition by South Korea’s Coupang 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....
Weekend Briefing: How Breitling aims to compete against the other big watchmaking groups Last week, Breitling announced an acquisition of Universal Genève and a plan to go up against other big watch groups like Swatch and Citizen.
Fashion Briefing: Offering company equity is among emerging employee retention strategies 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.
Week in Review: COP28’s fossil fuel commitment and Generative AI’s impact 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...
JCPenney’s pre-inflation prices brought in record traffic for the holidays 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.
DTC-focused parenthood brand Monica + Andy expands Walmart wholesale partnership 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...
Mejuri to begin selling lab-grown diamonds alongside mined diamonds Across the jewelry sector, lab-grown diamonds are shaking up an industry that’s been ruled by mined diamonds for centuries. But while many jewelers and jewelry brands are picking one or the other – Pandora sells exclusively lab-grown diamonds for example – DTC jewelry brand Mejuri sees a place for both.
Weekend Briefing: Regulators set their sights on buy-now, pay-later Buy-now, pay-later is a growing form of payment, but it's not without its risks. Now regulators are taking a closer look. Also, we explore what's behind the executive leadership changes taking place throughout fashion.
Luxury Briefing: Why are so many brands replacing their creative director? We’re in the middle of a great reshuffling of creative directors across luxury fashion. In the last month alone, Tod’s, Rochas, Givenchy and Alexander McQueen have replaced or lost their creative directors. If you zoom out a few more months, you can add Supreme, Gucci, Chloé, Bally and Ann Demeulemeester...