Victoria Beckham has named another respected executive to her top team following the appointment of Ralph Toledano as chairman this year. Now Paolo Riva, ex-CEO at DVF, will join in the same role this September.
Debenhams is going nowhere fast at the moment as tough trading conditions mean its recovery plan isn't delivering the results it wants, except on digital. The answer? A focus on cost cuts and carrying on with that plan.
Adidas put a big marketing budget behind its latest Adidas Originals launch this week with a London event immersing sneakerheads in the world of personalisation and enlisting influencers/creators to add an extra edge.
Trading statements and results announcement are being closely watched at present as some global markets prove to be tough for fashion chains. So H&M was in the spotlight on Friday as it reported Q2 sales up 2%.
Is the omnichannel power player Ted Baker still on a good growth curve? Well, it’s still growing, but revenue in its latest period was up only 4.2%. Tough times were to blame, but e-tail and wholesale were buoyant.
May offered up a mixed picture for UK retail with footfall still down, but the decline slowing. Retail parks were buoyant but shopping centres suffering disproportionately, which is bad news for the fashion sector.
In Italy, they call Max Mara, Il Gigante Silenzioso, or the Silent Giant: a 1.558 billion-euro fashion house, founded by Achille Maramotti, and still in his family, combining critical acclaim with commercial growth.
“This really was unexpected,” smiles Masayuki Ino, the 39-year-old winner of the LVMH Prize 2018. Another year and Ino couldn’t even have entered the competition, seeing as he is 39, and entrants have to be less than 40.