Burberry announced a new venture this week, one that will see it tackle a sweeping issue faced by apparel companies: deadstock fabrics. Two years after it vowed to stop destroying millions of dollars’ worth of unsold products, including beauty products and ready-to-wear, the Riccardo Tisci-helmed brand has unveiled the ReBurberry Fabric Initiative, in furtherance of which...
November 2019, Londonberry Media, in collaboration with Fábrica de Arte Cubano, hosted Arte Y Moda. The series of shows and exhibits celebrated the ingenuity of Havana’s creative class.
The fashion and luxury segments of the market are synonymous with carefully curated branding and strict reputation management, which have been tested significantly amid the onset and continued impact of the COVID-19 pandemic. Against that background, management consultancy McKinsey & Company, together with the Business of Fashion, have recently published a report titled The State...
Off-White is suing a California ice cream chain, arguing that the unrelated party has run afoul of the law by selling products that bear – and adorning its outposts with – marks that are “confusingly similar” to Off-White’s own well-known trademarks. In the complaint that it filed in a California federal court on Tuesday, Off-White claims that...
Chanel is actively engaging in an “overarching anticompetitive scheme” in order to limit the supply of its products in the market, “inhibit the growth and development of competitors, and artificially raise and maintain [its] prices,” and it has had help from prominent publications and big-name luxury fashion retailers in doing so. That is what The...
LVMH Moët Hennessy Louis Vuitton and Tiffany & Co. have managed to salvage their deal, with the French luxury goods conglomerate agreeing to pay a few dollars less per share to acquire the New York-based jewelry company. In a statement on Thursday, the parties confirmed that LVMH will pay $131.5 per Tiffany share, down from...
Computer scientists at Saarland University show how these special textiles can be produced in a comparatively easy way, thus opening up new use cases. “Our goal was to integrate interactive functionalities directly into the fibers of textiles instead of just attaching electronic components to them,” says Jürgen Steimle, computer science professor at Saarland University. In...
Apple and Amazon are coming under the microscope of Italy’s antitrust authority in connection with their alleged pattern of preventing unauthorized parties from reselling products on Amazon’s sweeping online marketplace. In a statement on Wednesday, the Italian Competition Authority (Autorità garante della concorrenza e del mercato) confirmed the probe, which is aimed at determining whether Apple and...
Coach, Kate Spade, and Stuart Weitzman’s parent company Tapestry revealed on Tuesday that its chairman and chief executive Jide Zeitlin would resign for “personal reasons.” The announcement seemed suspiciously abrupt given that the 56-year old former Goldman Sachs executive had been in the dual role for less than a year (after first joining the company’s board...
