Chinese IT company ByteDance officially began operating its TikTok Shop in the United States in September 2023. With an estimated 150 million TikTok users in the U.S., the marketplace attracted a great deal of attention when it first launched, but what are the current trends?
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In-depth analysis of the business, strategy, and economics shaping the global fashion and luxury industries. Covering conglomerates, market trends, startups, retail strategy, and the people driving the business of fashion.
LVMH Métiers d’Art announced that it has entered into a partnership with Hosoo, the historic manufacturer of silk fabrics for kimonos in Kyoto, Japan. This announcement follows the conclusion with Okayama-based denim fabric manufacturer Kuroki in April 2023.
Boucheron, a well-established Parisian jeweler, has made a strategic acquisition of High Jewelry workshop, renowned for its excellent expertise in traditional craftsmanship, located near Place Vendôme in Paris.
In a time when generative AI is rapidly changing the fashion industry, fashion e-commerce site Revolve has taken a bold step forward. The company has collaborated with AI studio Maison Meta and has begun carrying apparel produced by generative AI.
On October 30, designer Phoebe Philo’s eponymous brand PHOEBE PHILO released its long-awaited first collection.
On October 24, luxury fashion house Hermes announced its third quarter sales. The company posted solid growth of 15.6% year-on-year, with only a slight slowdown in the pace of growth.
On September 7, Artémis, the holding company of French billionaire and businessman François Pinault, agreed to purchase a majority stake in Creative Artists Agency, a major Hollywood talent agency, from private equity firm TPG.
During this New York Fashion Week, more brands than ever before will hold events and pop-ups simultaneously. Most of the events are open to the public, and admission is free, allowing visitors to experience the world of the brands and their new collections firsthand.
Generative AI technologies have the potential to transform a wide variety of customer touchpoints, including e-commerce sites, targeted advertising, and the customer experience in physical stores.
Fashionphile, a leading luxury bag resale platform, has announced that it has recently earned B Corp Certification (B Corp).