In this episode, The Glossy Podcast has spoken to Patrick Henry, a L.A based tailor and luxury fashion brand founder, about his career and what first ignited his interest in fashion. Henry also discussed the evolving world of luxury fashion. "The term luxury in itself is evolving," said Henry. "[For clothing] it's all in the details: It's the...
Nov. 3, 2021
The luxury sector has flashed back from the Covid-19 pandemic but the crisis is still putting a crimp in travel, a key part of the market. Industry giants have reported results that show the world's well-heeled are splurging on luxury goods as sales surpass even pre-pandemic levels. LVMH -- home to Louis Vuitton, Moet, Fendi, and Kenzo brands...
Aug. 2, 2021
While it has taken a few months to take off, major investments, merges and acquisitions within the fashion and luxury industry seem to have started to flourish in 2021. From divestments to major acquisitions, these are the five deals that have the industry talking: Dondup, OAMC, Louboutin, Jil Sander and Vestiaire Collection. Confirming the...
Apr. 15, 2021
Gucci has remained the number one most popular luxury brand online, new data reveals. The Italian label received 15.2 percent of the total search interest for luxury goods in 2020, according to luxury good magazine Luxe Digital. Chanel and Hermès followed close behind with 11.6 percent and 10.2 percent, respectively. Next came Dior, Louis...
The discovery of a Burberry jacket she does not recall buying proved to Chen Rui that she was right to have brought in experts to manage her out-of-control luxury wardrobe. "How did you find this?" the 32-year-old asked the crack team of "home organisers" who unearthed the jacket from a heap of clothes pulled from her closet in a slick Beijing...
Nov. 9, 2020
German e-tail giant Zalando has announced a number of new initiatives to further build on its luxury offering. The retailer is adding new brands to the category’s line-up, including Roksanda and Marchesa, and will expand lines from Victoria Beckham and Moschino. It is also changing the name of its ‘premium’ category (currently home to 260...
Sep. 1, 2020
British luxury label Burberry has taken its first foray into face mask fashion with the launch of a designer 90 pound reusable face covering. The masks, available exclusively online, are made using excess fabric and come in the brand’s iconic vintage check design in either archive beige or pale blue, with additional styles to be launched in...
Aug. 24, 2020
Fashion group OTB has announced the appointment of Gianfranco Gianangeli as the new CEO of Parisian fashion house Maison Margiela. Gianangeli, who will join the brand in September and report to group CEO Ubaldo Minelli, has held various managerial positions across luxury fashion, such as global retail director at Givenchy, associate...
Jul. 23, 2020
Italian luxury brand Salvatore Ferragamo has reported an increase in revenues for 2019 despite its fourth-quarter figures being negatively impacted by the Hong Kong riots. For the year to 31 December, the company reported a 2.3 percent increase in sales to 1.37 billion euros compared to 1.34 billion euros in 2018. Asia-Pacific was the group's...
Jan. 29, 2020
New York – Shares of European luxury brands Burberry and LVMH continued to fall on Tuesday morning trade on the companies’ exposure to the Chinese market, which has been hit by an outbreak of Coronavirus. Data from Bain & Co. indicates that Chinese customers - shopping both at home and abroad - account for 90 percent of the luxury goods market...
Jan. 28, 2020
Dutch luxury fashion house Viktor & Rolf is relaunching a menswear collection five years after closing its ready-to-wear business. The collection, called Mister Mister, is a playful take on formalwear and an extension of the personal style of the house’s founders Viktor Horsting and Rolf Snoeren. The intimate collection of around 130 pieces...
Jan. 15, 2020
New York – The EY luxury and cosmetics index (represented by the companies included in The Luxury and Cosmetics Financial Factbook 2019) has outperformed the market over the last 11 years with a total return of 210 percent and with an average yearly return of 11.5 percent. Furthermore, in the 12-month period comprehended between March 2018 and...
Nov. 13, 2019
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