Japanese online fashion retailer Zozo said it expects its profit to recover in the current fiscal year, after its first-ever annual drop in earnings on a failed experiment with bespoke tailoring and clashes with brands.
The house of Etro will return to the Milan menswear catwalk season this June, after a three-season hiatus where the brand only staged presentations, in a significant boost for the Italian men's season.
According to a survey for the Altagamma association with BCG, a growing interest in collaborations and second-hand items are the features of a new kind of luxury goods consumption, chiefly by youngsters.
Bangladesh’s garment makers have asked the government to extend a 5 percent export subsidy for the industry, saying they are being squeezed between low international prices for clothing and rising production costs.
Hanneli Rupert, daughter of Johann Rupert, chairman of Cartier and Richemont, has emerged as a countercurrent voice defending the use of exotic leather while the rest of the industry has been moving away from it.
The head of Lebanon’s chamber of commerce chief said last year nearly 2,200 businesses had closed, warning that more would collapse. And while there is dispute over those numbers, most agree the economy is in dire shape.