Articles by Don-Alvin Adegeest
Hermès bets on expanding its beauty range
21 Mar 2023 - Fashion
After sales of its beauty and perfume soared 15 percent last year, Hermès is expanding the category with new products. Hermès debuted its first fragrance in the 1950s, but perfume only accounts for 4 percent of total revenue, while leather goods accounts for nearly half. With a new focus on beauty, Hermès is tapping into a lucrative category,...
New Look head office staff face new redundancies
20 Mar 2023 - Business
New Look employees are facing redundancy once more, as the retailer continues to restructure as an omnichannel and digital first business. This time it is the retailer's head office roles which have come under scrutiny. Over the past few years New Look has reduced its real estate portfolio by almost 50 percent, from 800 stores to just over 400...
Patagonia joins list of speakers at Institute of Positive Fashion Forum
20 Mar 2023 - Fashion
Next month the Institute of Positive Fashion (IPF) will host its annual Forum, a conference which brings together designers, brands, investors, innovators, academia, economists, consultants and disruptors to focus on accelerating a Circular Fashion Ecosystem by 2030. Industry leaders will come together via thought provoking panel discussions,...
Mango launches events collection Capsule
20 Mar 2023 - Fashion
Spanish high street retailer Mango is launching an occasionwear collection called Capsule. The brand is responding to a focus on more formal dressing and outfitting for events, creating a limited-edition capsule of occasionwear pieces. In a statement Mango said retail prices would range from 22 pounds to 310 pounds. The collection includes...
Will John Lewis end its employee-owned retail business for investment?
20 Mar 2023 - Business
John Lewis could end its employee-owned stature as the company explores selling a stake to investors to secure much-needed capital. Changing the retailer’s structure and constitution would allow the company to raise between 1 billion pounds and 2 billion pounds, reported the Sunday Times. The Times iterated the retailer would not by fully...
Sweaty Betty CEO and COO step down
20 Mar 2023 - People
Sweaty Betty is to bid goodbye to its CEO and COO as the athleisure brand restructures following its takeover in 2021. The Notting Hill-founded company, which launched in the late 1990s was bought for 300 million pounds by Wolverine Worldwide, an American footwear manufacturer based in Michigan. The transformation will see chief executive Julia...
Fjällräven perceived as most sustainable brand
17 Mar 2023 - Fashion
Fjällräven has been voted as the most sustainable fashion brand by Swedish consumers. The voting is part of the Sustainable Brand Index 2023, which tracks 80,000 consumers across eight countries in Sweden, Norway, Denmark, Finland, the Netherlands, Estonia, Latvia and Lithuania. The Index measures and analyses nearly 1,600 brands across 36...
You can now trace a Loro Piana garment from fibre to factory to store
17 Mar 2023 - Fashion
Italian luxury house Loro Piana is making its sustainability processes more transparent to customers, enabling select products to be traced from fibre to store. While the brand says it knows every pair of hands making its products from farm to final finishing, a new tech-led era of traceability and transparency means the end consumer can also...
Swiss watchmaker Girard-Perregaux teams up with Aston Martin
16 Mar 2023 - Fashion
Girard-Perregaux, a Swiss maker of luxury timepieces, has launched a collaboration with British automaker Aston Martin, in what will be its third limited edition partnership. Aimed at collectors who appreciate the rarefied world of excellence, the Laureato Green Ceramic Aston Martin Edition is executed in a colour green that was achieved by...
Brunello Cucinelli raises sales forecast for 2023
16 Mar 2023 - Business
Italian luxury house Brunello Cucinelli is raising its estimates for 2023 as the company forecasts revenue to increase 15 percent, instead of 12 percent. The Perugia-based fashion business ended 2022 with a net profit of 87.2 million euros, an increase of 54.9 percent compared to the previous financial year. Cucinelli made several key...