Covid-19 has boosted e-tail, especially for multibrand sites and leading luxury labels, according to a study by Bernstein for Altagamma. An evolution that means other labels need to rethink their commercial strategy.
For the past year, Hollywood's brightest stars have either been forced to wear ball gowns in their living rooms to accept awards -- or they have worn fancy pajamas. On Sunday, they hit the Oscars red carpet with flair.
As sustainability events go, this is big. The British Fashion Council (BFC) is hosting an inaugural 'Institute of Positive Fashion Forum' (IPF Forum) on 10 June with a heavyweight line-up of topics and presenters.
Sales at Kering rose by 26% in the first quarter of 2021, led by a strong rebound for its star label Gucci, with growth in Asia and the United States more than offsetting new coronavirus lockdowns in much of Europe.
The pandemic has forced luxury goods companies to use social media, video and virtual showrooms to woo their wealthy customers in Europe when tourists, especially from China, have been absent for more than a year.