British Fashion Council’s Post

New York City's fashion business is shrinking. According to a new McKinsey report, the industry employs 50,000 fewer people than it did 10 years ago, and the inflation-adjusted market value of the goods and services it produces has declined steadily. My colleague and report author, Joëlle Grunberg, penned an Op Ed in the New York Daily News sharing suggested approaches that could help the region's fashion sector bolster its global relevance. Read our full report "At a crossroads - New York’s status as a global fashion capital" https://lnkd.in/gTNu6hEZ #NYCFashionWeek #Fashion 📸 👠 🗽

New York City's fashion business is shrinking. According to a new McKinsey report, the industry employs 50,000 fewer people than it did 10 years ago, and the inflation-adjusted market value of the goods and services it produces has declined steadily. My colleague and report author, Joëlle Grunberg, penned an Op Ed in the New York Daily News sharing suggested approaches that could help the region's fashion sector bolster its global relevance. Read our full report "At a crossroads - New York’s status as a global fashion capital" https://lnkd.in/eAN-fXBY #NYCFashionWeek #Fashion 📸 👠 🗽

New York City's fashion business is shrinking. According to a new McKinsey report, the industry employs 50,000 fewer people than it did 10 years ago, and the inflation-adjusted market value of the goods and services it produces has declined steadily. My colleague and report author, Joëlle Grunberg, penned an Op Ed in the New York Daily News sharing suggested approaches that could help the region's fashion sector bolster its global relevance. Read our full report "At a crossroads - New York’s status as a global fashion capital" https://lnkd.in/ez2-x7hE #NYCFashionWeek #Fashion 📸 👠 🗽

New York City's fashion business is shrinking. According to a new McKinsey report, the industry employs 50,000 fewer people than it did 10 years ago, and the inflation-adjusted market value of the goods and services it produces has declined steadily. My colleague and report author, Joëlle Grunberg, penned an Op Ed in the New York Daily News sharing suggested approaches that could help the region's fashion sector bolster its global relevance. Read our full report "At a crossroads - New York’s status as a global fashion capital" https://lnkd.in/eUFJqPU4 #NYCFashionWeek #Fashion 📸 👠 🗽

New York City's fashion business is shrinking. According to a new McKinsey report, the industry employs 50,000 fewer people than it did 10 years ago, and the inflation-adjusted market value of the goods and services it produces has declined steadily. My colleague and report author, Joëlle Grunberg, penned an Op Ed in the New York Daily News sharing suggested approaches that could help the region's fashion sector bolster its global relevance. Read our full report "At a crossroads - New York’s status as a global fashion capital" https://lnkd.in/eUjRiMdx #NYCFashionWeek #Fashion 📸 👠 🗽

The Federal Trade Commission (FTC) moved to prevent Tapestry, Inc.’s $8.5 billion acquisition of Capri Holdings Limited. Tapestry wants to strengthen its foothold in the fashion industry by acquiring Capri. kate spade new york and Coach offer affordable items called accessible luxury accessories. As per the FTC, the combined entity will have no reason to be price competitive, thus forcing Americans to pay more for these items. This will dissolve the competition for affordable handbags, while wage workers may lose their benefits and favourable working conditions. The new company will compete directly with European luxury brands like Burberry and Louis Vuitton. What are Tapestry's revenue expectations from the deal? Find out the retail giant's stand on the case in today's #SalestorrsNews150, news in 150 words. #retailindustry #luxurybrands #michaelkors Michael Kors Stuart Weitzman Versace Jimmy Choo

Art and business? Some of my friends at times ask me why I post about art. Some even say no-one cares. Hold on! I would say art is also a business and art is entertwined with business. Businesses have always supported the arts - think of the art collections of business people in The Met and other museums (think of the truly stunning collections of French impressionists put together by Shchukin and Morozov) or the art collections held by banks (such as Bank Austria’s Kunstforum Wien in Vienna), luxury goods manufacturers (such as the Fondation Luis Vuitton in Paris) or FMCG (such as Nestlé’s at the Musée Jenisch in Vevey), to name but a few. Art has also been consistently used in cross-overs with branded products. Fashion is, of course, an obvious candidate: both for high-end (think of Amoaka Boafo’s recent range for Dior) and fast fashion (such as Uniqlo with Basquiat, Warhol or KAWS). However, it does not stop there… think of the Swatch watches with Chagall, Roy Lichtenstein, Miro, Basquiat or Kiki Picasso (the 1985 Kiki Picasso being a true collector item) or consider General Mills with its Monster Cereal packs designed by KAWS in a limited edition. (Great) artists and their art are also brands. They are distinct, have personality, are differentiated from the competition, are instantly recognisable and can be stretched like other great brands. My list is, of course, nowhere near complete and does not do justice to many others - such as Chanel, Pinault, etc., etc. regarding great collections. Nor is it, for sure, a decent reflection of cross-overs done, let alone of potential future ones.

Fashion’s Legal Showdowns: New Regulations and Market Impact. Fashion's courtroom battles are evolving beyond intellectual property disputes into new legal territories, as highlighted by the Federal Trade Commission's attempt to block Tapestry's $8.5 billion acquisition of Capri Holdings. This case challenges the consolidation of Coach, Kate Spade, and Michael Kors, reflecting concerns about market dominance in luxury handbags. With upcoming environmental and social regulations, fashion law is expanding into ESG issues, signaling a shift towards stricter oversight of brand operations and their sustainability practices. Nota Bene: Capri Holdings owns several well-known fashion brands, including Michael Kors, Versace, and Jimmy Choo. These brands, particularly known for their handbags and luxury accessories, contribute to Capri Holdings’ prominence in the fashion industry. The acquisition by Tapestry Inc. would consolidate major luxury brands like Coach, Kate Spade, and Stuart Weitzman under one roof with Capri’s portfolio. This consolidation could give the combined entity significant control over the accessible luxury handbag market, which is why the Federal Trade Commission is scrutinizing the deal. #FashionLaw #TapestryAcquisition #LuxuryHandbags #ESGRegulations #FashionIndustry #LegalTrends #FTC https://lnkd.in/dvUmXRfz

🛍 Why are affluent shoppers flocking to discount retailers like T.J. Maxx and Marshalls? Here are three key takeaways: ✅ The Thrill of the Hunt: Wealthy shoppers enjoy the excitement of finding great deals on designer items. It's not just about saving money but the joy of discovering high-value goods at a fraction of their original price. ✅ Changing Perceptions: The social stigma that once surrounded shopping at discount stores is fading. Affluent shoppers no longer feel the need to hide their bargain-hunting habits. Instead, they openly share their finds and take pride in their ability to score deals on luxury items. ✅ Accessible Luxury: Discount retailers like T.J. Maxx and Marshalls bridge the gap between luxury and affordability. They offer a way for consumers to access high-end brands without paying full price, making designer fashion more accessible to a broader audience. By acquiring surplus designer goods from boutiques and struggling luxury retailers, these stores provide an opportunity to enjoy high-quality items at reduced prices, which continues to attract a diverse customer base. At Pollen, we leverage data and technology to help brands dynamically price unsold and surplus inventory and capture opportunities across various markets. As the retail landscape evolves, the success of discount retailers underscores the growing demand for value-driven shopping experiences. #Pollen #Sustainable #Liquidation

Speculation about the luxury conglomerate’s (LVMH) takeover of the niche clockmaker L’Epée 1839 has been rampant. But we here at Watchonista and Rhonda Riche wanted to provide a more nuanced interpretation of this news by going back to the basics we learned in journalism school: Who? What? Where? When? Why? Read below