Twenty years after John Galliano first turned newspaper printed textiles into garments under the name of his Paris-based eponymous brand, as well as that of Christian Dior, Pretty Little Thing (“PLT”) decided to try its hand at it. The result? The Manchester-based fast fashion retailer – which has built a thriving business thanks to an...
Months after the dust settled on Fyre Festival, the “luxury” music festival gone awry, and after the failed-festival’s attendees had lodged their individual multi-million dollar lawsuits, citing everything from negligence to fraud, a handful of new lawsuits were filed in conjunction with the bankruptcy filing of Fyre Festival LLC. In a quest to recover the $16 million-plus...
Purchasing luxury goods can affirm buyers’ sense of status and enjoyment of items like fancy cars or fine jewelry. However, for many consumers, luxury purchases can fail to ring true, sparking feelings of inauthenticity that fuel what researchers have labeled the “impostor syndrome” among luxury consumers. “Luxury can be a double-edged sword,” write Boston College...
Fashion – from Louis Vuitton and Hermeś bags to Off-White t-shirts and Chanel shoes – has once again topped the list of some of the most heavily-targeted types of goods by counterfeiters, and some of the most frequently purchased types of products by consumers. That is what the Paris-based Organization for Economic Cooperation and Development...
A whopping $2.4 billion-worth of imports from France are set to be taxed by the U.S., putting coveted luxury goods in the crossfire of a bi-national fight over a new French digital services tax. In a statement on Monday, the Trump administration threatened a 100 percent increase in French import taxes in connection with its...
Headquartered about an hour outside of Manhattan in Carlstadt, New Jersey, a company called Pantone categorizes color and sells it. Founded in the 1950s by brothers Morris and Jesse Levine as a commercial printing company, M&J Levine Advertising evolved into something else entirely by the 60s when employee Lawrence Herbert revamped the business’s ink and printing division, introduced...
LVMH Moët Hennessy Louis Vuitton is vying for Tiffany & Co. The Paris-based luxury goods conglomerate made a $14.5 billion play for the American jewelry stalwart last month, in furtherance of a quest to bolster its offerings in the fast-growing jewelry market. Just as analysts predicted, Tiffany’s board reportedly rejected LVMH’s initial, unsolicited offer to seek a...
The demise of the Zac Posen brand is not coming without at least one lawsuit, which sheds some light into the winding down of the famed fashion brand. It turns out that a few weeks before Zac Posen announced that it would shutter after 20 years in business, the New York-based womenswear brand favored by supermodels,...
On the heels of Instagram’s decision to remove its visible “like” counter from its platform in certain geographic regions, such as Canada and Australia, earlier this year, the app’s operators say they will perform the same test in the U.S. beginning this month. The roll-out by the Facebook-owned photo and video-sharing app is being touted as larger ethos,...
In less than 10 years, Julep raised over $70 million from major venture capital firms and the likes of Jay Z, created a cult following of consumers itching to buy the 300 different beauty products it was introducing each year, launched a monthly subscription beauty box, amassed sales that tripled during some fiscal years, and...
