The BFC unveiled its newly-digital Fashion Awards on Thursday evening and instead of just replacing the usual live event with an online version, it changed the format to reflect the huge change happening in 2020.
Adidas and Prada have revealed the latest stage of their style collaboration and this time it is all about the German active sports giant marrying its technological expertise to the design savvy of the Italian marque.
On Monday, the luxury giant set a new Paris Stock Exchange record by topping a market capitalisation of €250 billion for the first time, its share price having surged by nearly 20% since the start of the year.
There may be a consensus that stuck-at-home consumers will be buying sweatpants and other comfort clothing for the foreseeable future, but a new Moda Operandi trend report suggests the future for fashion is brighter.
Sales of luxury goods worldwide are set to fall by 23% to 217 billion euros this year, their largest ever drop and first since 2009, due to the fallout from the coronavirus pandemic, consultancy Bain said on Wednesday.
An in-depth look at how Covid-19 has amplified the importance of financial resources for the fashion and luxury sector, amidst share buybacks, green bonds, state funding, recapitalisations and calls to investors.
LVMH Group’s new bag manufacturing plant, ‘Fendi Factory,’ is set to open in 2022 in Bagno a Ripoli in the south of Florence, Italy. It will employ 380 people with an investment of close to €60 million ($71 million).