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  • When you think of couture, most people think of clothing from the likes of Chanel, Dior and Louis Vuitton, however, there is a growing appetite for one-off pieces in accessories and leading the way is German independent Ostwald merging subtle luxury and traditional craftsmanship to produce unique handbags from high quality tanned and refined leathers.Handbags have long been desired by women and Ostwald is tapping into the couture market with its heritage, this year marks its 99th year, as well a
  • American luxury fashion group Capri Holdings Limited has announced that it expects fiscal 2022 revenue to be approximately $5.15 billion as compared to the previous expectation of $5.10 billion, primarily reflecting better than anticipated fiscal first quarter sales trends. It expects fiscal 2022 adjusted earnings per share to be between $3.80 and $3.90.The company shared its updated guidance and a broader view of its vision, growth strategies and long-term outlook at its virtual investor day on
  • Chanel, a French luxury fashion house, posted 17.6 per cent revenue decrease to $10.1 billion in fiscal 2020 ended on December 31, 2020, compared to $12.2 billion in the previous fiscal. However, the company’s profit after tax for FY20 slipped to $1.3 billion (FY19: $2.4 billion), while operating profit was down to $2.0 billion ($3.4 billion).“The strength of the Chanel brand was clearly demonstrated in 2020 as the business delivered a resilient financial performance in what was a very challengi
  • Facebook, Instagram and Pinterest are at the top, educating 41 per cent, 35 per cent and 21 per cent of consumers about brands respectively, according to a recent survey conducted byThe NPD Group.When asked what platforms converted advertising and other content into actual purchases, 51 per cent of respondents said Facebook and Instagram content resulted in buying products.The company recently surveyed consumers to determine how they learn about or discover fashion brands and retailers.“The pand
  • Facebook Inc. is adding new shopping tools to its platforms, including visual discovery on Instagram. The company is testing a new search function, powered by AI, to help users find similar products, such as a floral dress, just by tapping an image of a dress they like.Soon Instagram will make it possible for people to take photos from their camera to start a visual search.Virtual try-onTo help shoppers get a better feel for the fit of a product before they purchase, Instagram is making it easie
  • Recent resale listings by like Depop and eBay show that Nike, Zara and Topshop are the world’s most resold fashion brands.SaveOnEnergy, in the newly-released “Most Resold Fashion Brands” report, analyzed millions of fashion listings and found that resale sites such as Depop, eBay, ASOS Marketplace, Etsy, and Vestiaire Collective – to discover which brand names were the most listed and, therefore, the most resold.Figure 1: Nike,ZaraandTopshop are “the world’s most resold fashion brands. Courtesy:
  • One of Bangladesh’s first online Slow Fashion clothing brand, ROZEN was founded bySaiyaraRoja Islamin January of 2019. With a goal to make available to customers, products and styles that are not easily accessible in Bangladesh, ROZEN is re-establishing the norms of fashion, all the while keeping the entire process ethical and the products sustainable.“The reason these types of products are not accessible is because these products go against social norms in our society. This led us to our missio
  • UK-basedSeraphine Groupwants to trade on the London Stock Exchange's main market and raise funds to finance its global expansion and extended foray into the digital space. Between fiscals 2014 and 2021, group sales grew at a compounded annual rate of growth of 22 per cent, driven by its expansion and rapid growth of its own digital platform.The maternity and nursing fashion brand vision was to create "desirable clothes which women would want to wear even if they were not pregnant."
  • Riri Group, a Swiss manufacturer of zippers and buttons, has completed the acquisition of Tuscan firm Amom. According to the Riri, this merger leads to the consolidation of the group’s position in the luxury accessory sector, which represents a significant add-on to develop new skills and production with an extended offer now including bijoux.“The journey towards the creation of a single centre of excellence involved in designing, developing and manufacturing high fashion accessories has taken a
  • Undo for Tomorrow, a shoe manufacturer located in Lisbon, has recently launched its vegan-friendly Nuven shoes, which are created from repurposed party balloons and rubber vehicle tire debris. The firm is using a crowdfunding approach to make their sustainable casual sneakers available, ensuring that they only produce enough to fulfill demand and minimize overproduction and waste.Nuvens are the "next favorite" in the casual shoe industry, having exceptionally lightweight and comfortabl
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