Articles by Don-Alvin Adegeest
Proenza Schouler founders exit namesake label. Is Loewe their next stop?
Proenza Schouler, the New York-based luxury fashion house, announced that founders Jack McCollough and Lazaro Hernandez will step down as creative directors effective January 31st. While the fashion industry has been speculating the designer duo is headed to Loewe, with LVMH rumoured to announce Jonathan Anderson is moving to Dior, the news of...
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Luxury industry faces headwinds: Pessimism grows amid economic pressures
After years of exceptional growth fueled by surging demand, price increases, and the dominance of megabrands, the luxury industry is facing a significant slowdown. Between 2019 and 2023, the sector achieved a 5 percent annual growth rate, driven by record profitability and strong performance in China, but by 2025, macroeconomic headwinds and...
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When fashion burns: LA’s retailers will once again rise from the ashes
In the long history of California's relationship with wildfire, perhaps nothing captures the human toll quite like the destruction of beloved local businesses - those carefully curated spaces that form the backbone of community identity. The ongoing devastation in Pacific Palisades, Malibu and greater Los Angeles brings this truth into sharp...
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Abercrombie & Fitch expands London footprint with flagship stores
Abercrombie & Fitch, the American fashion retailer, is set to strengthen its presence in London's prime retail landscape with two strategic openings at the end of January 2025. The NYSE-listed company's expansion includes locations at 325 Oxford Street and 132 Long Acre in Covent Garden, positioning the brand at two of London's most coveted...
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Y/Project, fashion's subversive darling, to shutter after 14 years
The Paris-based fashion house Y/Project, known for its avant-garde designs and architectural silhouettes, announced on Thursday it will cease operations, marking another casualty in the challenging luxury fashion landscape of the post-pandemic era. The label, which generated revenues of 11 million euros in 2023, failed to secure new ownership...
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Live shopping platform Whatnot secures 265m dollars in funding round
Whatnot, a leading live shopping marketplace across US and European markets, has secured 265 million dollars in Series E funding, valuing the platform at nearly 5 billion dollars. The investment round, co-led by Greycroft, DST Global, and Avra, marks one of the largest investments in livestream retail to date. The platform, which has...
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Meta abandons fact-checkers in push for 'more speech, fewer mistakes'
Meta's decision to abandon third-party fact-checking for ambiguous content marks a significant departure in social media content moderation, with potentially far-reaching implications for fashion and luxury brands' digital strategies. The move, coinciding with Donald Trump's return to the presidency, represents Meta's most substantial revision...
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Online retail study reveals generational shifts in shopping preferences
A comprehensive survey by SmartBuyGlasses has unveiled significant shifts in US consumer behaviour that could reshape fashion retail strategies. Counter to conventional wisdom, younger consumers (20-34) demonstrate lower online shopping frequency than their older counterparts, though their influence on family purchasing decisions remains...
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Kapital sale to LVMH raises stakes for artisanal fashion independence
LVMH-backed L Catterton's acquisition of Kapital, a Japanese clothing brand celebrated for its artisanal denim and Americana-inspired designs that was founded in the 1980s, has sparked concerns among enthusiasts and industry observers. The acquisition, finalised in the second half of 2024 according to High Snobiety, came just months after...
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eBay UK extends Love Island partnership amid pre-loved fashion surge
eBay UK has renewed its headline sponsorship of ITV2's Love Island: All Stars for a second season, marking its sixth consecutive collaboration with the reality television franchise. The partnership, which places pre-owned fashion at the forefront of prime-time television, has witnessed significant market impact since its inception in 2022. Data...
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