Fosun Fashion Group, the Chinese owner of Lanvin, Wolford, St. John and Caruso, has formed a strategic alliance with e-commerce firm Baozun, Activation Group and other industry players to strengthen its ability to capture China’s fast-growing demand for luxury brands.
As a part of the partnership, Baozun and Activation will both become minority shareholders in Fosun Fashion Group, and the preferred partners for all brands in FFG’s portfolio, as well as in exploring new business models and solutions for brand expansion.
Fosun’s unprecedented alliance in China is also a sign of further consolidation in the luxury sector that ‘s been accelerated by the pandemic. Traditional competitors are now joining hands to protect their shared interests.
Last November, Farfetch inked a mega partnership deal with Alibaba and Compagnie Financière Richemont. Kering’s Pinault family is also putting funds into the new luxury retail venture that’s targeting China’s online luxury market. Continue reading
It was the first time in recent history that Puig closed a year with a loss. Due to lockdowns and social distancing, consumption of fragrance, makeup and fashion, but the Spanish family-owned beauty and fashion company expects its business to amp up, and aims for sales to double in three years and triple in five years.
The Allegra collection of five fragrances comes with Magnifying essences enabling customers to personalize their perfumes. Bulgari Taps Into the Customization Trend With New Fragrances
Designer Felipe Oliveira Baptista who brought a sophisticated and artistic touch to Kenzo over a two-year stint is to step down from his role of artistic director, and his exit from the Paris-based fashion house, will take effect on June 30 when his employment contract will arrive at its term.
The figures add to evidence the luxury sector is on the upswing, Hermès reported that first-quarter revenue jumped 44 percent, at constant rates, beating expectations and fueling optimism for leaders in the sector.
Brunello Cucinelli has long spoken of his admiration for Amazon founder Jeff Bezos, who he has hosted on several occasions to talk about humanity and the future. But who does he admire among his fellow designers?
Kanae Taniwaki is entering the Pantheon of Haute Couture. This man, so discreet, came to France under the impulse of Jacques Mouclier with Kenzo, Issey Miyake, Yijo Yamamoto. He was the eminence grise of Loris Azzaro and was also the best Premier d’Atelier at Franck Sorbier.
Nina Ricci Closes Historic Flagship Boutique in Paris, owned by Spanish fragrance and fashion group Puig, the brand is pivoting to a digital-first.
Adidas just dropped a new sneaker that’s perfect for fans of Marvel Comics. The German sportswear giant has partnered with Marvel to give its ZX 2K Boost shoe a new look by taking inspiration from the iconic comic book character Iron Man and his fictional company Stark Industries.
Nike may have settled its lawsuit with MSCHF over the collective’s Lil Nas X “Satan Shoes,” but the controversy leaves lots of questions for both brands looking to be more litigious and for resellers.
Here is the most sublime collection of Fashion Week and the theme is Art Nouveau, an artistic style that develops from the late nineteenth century, first in Belgium and then in France. It flourishes in architecture and decorative arts. The search for functionality is one of the concerns of architects and designers. Art Nouveau is characterized by forms inspired by nature, where the curve of nature dominates.
Purified images of the fading day, where China’s nocturnal resonance fogs, Europeans wake up. Here is the most orderly designer in his vision, he stigmatizes his memories of the landmarks of his life in counterpoint and from Shanghai sends us the image of the Middle Kingdom.
“I always wanted to be a stylist” Ermanno once announced. And from a young age, he dreamed of dressing the most beautiful women in the world. This is not a first for us, because we already talked about him in 2010. A collection of ultra-feminine style and the time was to highlight the curves and other feminine attractions, because down the masks, thus throwing the spotlight on dresses guipure for legs as long as compasses.
Music group Black Eyed Peas introduces his newest tech innovation today: Xupermask. Pronounced “supermask,” the product is made in partnership with technology and manufacturing company Honeywell International.
Ralph Lauren Corp., which has been on course to build even stronger digital connections, has made some key changes in its creative department.
After the Vuitton sneaker the H and M sneaker the two extreme ones are here, except that Vuitton was an April fool, so stop calling the office to know where the sneakers are on sale.
Gucci will open the doors of its corporate offices and facilities to vaccinate more than 6,000 Italian employees, including offices, factories and retail. The rollout of COVID-19 vaccines has been slow in Italy and a number of Italian fashion companies are taking steps to help speed up the process.