Louis Vuitton’s recent bombshell appointment of Pharrell Williams as its new menswear creative director may have surprised some observers, but the move makes perfect sense as luxury brands are moving from merely selling products to becoming cultural influencers. (Source: Jing Daily)
This is a statement contained in "Supply chain emissions, recycled textiles: Fashion's 2023 sustainability predictions", a Vogue report that describes the progress promised and achieved by the fashion industry in reducing environmental impact. According to the magazine, the fashion industry is still a long way from a 1.5°C target, but there are some encouraging signs.
Luxury brands brace for a 2023 slowdown, reports the Financial Times: “even the remarkably resilient luxury sector is not immune to economic turbulence, and amid the war in Ukraine, rises in energy prices and interest rates, and the threat of recession in the US and Europe, the fizz appears to be coming off the champagne”. But reopening in China could offset recessions in the US and Europe, is the analysis of FT.
LVMH (LVMH.PA), the world's largest luxury goods group, plans a new factory in Italy producing Louis Vuitton bags and other leather accessories, the Tuscany region said on Friday. (Source: Reuters)
LVMH is experiencing "an excellent start to the year", said CEO Bernard Arnault on the occasion of the publication of the half-year results of the luxury French conglomerate, but @FNW_IT warns that there are difficulties in the luxury fashion, clothing and footwear sector due to China, where there are anti-Covid health restrictions and turnover has fallen by more than 10% [ LVMH ralentit sa course au premier semestre en raison de l'impact négatif de la Chine – F]
The four-day Event (which began on June 15) is underway in Paris, the LVMH event dedicated to technology in which startups, business leaders and investors converge, this time focused on three key themes: data transformation, Web3 and sustainability.
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