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CaaStle reportedly secures bridge loan to support Chapter 11 process
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Capri reaffirms strategic investments into Michael Kors following Versace sale
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GQ: Hong Kong edition planned from summer 2025
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The Gucci paradox: While new sales collapse, second-hand sales explode
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Passenger to pause US activity to focus on EU following tariffs
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H&M, Zalando, Zara, leaders in cross-border fashion e-commerce in Europe
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First Q1 performances of luxury fashion companies impacted by Trump tariffs and geopolitical tensions
Financial news of the week: Trump Tariffs, Geopolitical Tensions Hit Luxury Sector The first financial results of Q1 2025, reported this week, show that trade tensions and geopolitical uncertainty are weighing on the performance of key luxury fashion groups. First Q1 results reveal slowdown across major fashion houses LVMH posted a 3 percent...
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Rosso (Otb) on Made in Italy: ‘Everyone copies us, we must show who we are’
“Europe should be stronger and more cohesive, with strong leaders who can assert our conditions and our distinctive qualities, so as not to be at the mercy of other major powers. We ask for more transparency, loyalty, strength and the will to show our qualities. It is not right that Italy suffers, for all the values that it brings with it. We...
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N.Ireland designer Jonathan Anderson takes helm at Dior Men
French fashion giant Dior named the highly-rated designer Jonathan Anderson as creative director of Dior Men on Thursday. Anderson, 40, quit Loewe last month after more than a decade in which he turned around the fortunes of the heritage Spanish brand. The Northern Irish designer -- an influential tastemaker with many A-list fans -- made the...
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LVMH general meeting: Jonathan Anderson at Dior Men's and 2025 strategy focused on quality
Jonathan Anderson appointed for the Dior Men's collection, to be shown June 2025; quality rather than growth, at all costs; the desire to create a free trade area with the US; and the vote in favour of keeping Bernard Arnault at the helm until the age of 85: these were the four key announcements that emerged from the general meeting of the...
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John Henric opens first UK store in London
Swedish menswear brand John Henric has opened its first UK store in the City of London as part of a wider retail expansion strategy to drive growth and brand recognition. The 1,140 square foot store is located at retail and leisure destination One New Change on Cheapside near St. Paul’s in the City of London, allowing the brand to target the...
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Textile-to-textile recycling: Reju partners with Rematrix
Textile-to-textile regenerator Reju has entered into a partnership with Rematrix, a Producer Responsibility Organization (PRO) from Vicenza, Italy, to secure a compliant and sustainable supply of end-of-life textiles. Rematrix collaborates with fashion companies and manages the end-of-life phase of their textile products, ensuring compliance...
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Communications group The Independents snaps up design studio 2x4
The Independents is continuing its acquisition spree. The international communications group has announced that it has snapped up design studio 2x4, in what it says adds “design and brand strategy capabilities to its growing roster of specialist agencies”. By bringing the New York and Beijing-based studio under its wing, The Independents said...
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CaaStle reportedly secures bridge loan to support Chapter 11 process
CaaStle has seemingly found a light at the end of the tunnel. The US fashion rental platform, which has worked with brands like LK Bennett and Derek Lam on branded rental offerings, is believed to have secured a 2.75 million dollar bridge loan to help support an impending Chapter 11 process and despite an ongoing lawsuit. According to a letter...
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Jonathan Anderson to oversee next Dior Menswear show
Paris - Designer Jonathan Anderson will direct Christian Dior's next men's show, scheduled for June, Bernard Arnault, CEO of French luxury giant LVMH, announced Thursday at the group's shareholders' meeting. Jonathan Anderson arrives at Dior "I can tell you that the next Christian Dior men's show, which will take place in June, will be designed...
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Bangladesh restricts yarn imports from India: concerns among clothing exporters
The Bangladeshi tax authority, the National Board of Revenue (NBR), has decided that yarn from India can no longer enter the country via five key land ports. These include the border crossings at Benapole, Bhomra, Sonamasjid, Banglabandha and Burimari, according to The Times of India. According to the Bangladeshi ministry, the decision was taken...
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Swiss watch exports: US market drives March growth
Zurich - Swiss watch exports rebounded by 1.5 percent in March, climbing to 2.38 billion Swiss francs (2.56 billion euros), driven by watch shipments to the US, the Swiss Watch Federation announced on Thursday. "Across the entire first quarter, however, the trend remains slightly negative, with a decline of 1.1 percent,” the Swiss Watch...
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Movado Group FY25 sales fall as company prepares for tariff impact
US-based, Swiss-founded watch firm Movado Group reported a 1.7 percent drop in net sales for the fiscal year 2025, amounting to 653.4 million dollars. The company, which owns and operates brands like Movado, Ebel, Concord and Olivia Burton, said the decline could be attributed to a drop in US wholesale clients’ brick and mortar stores, as well...
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