Monday, January 22, 2024

Bows: 2024’s most important trim, according to Pinterest and Ebay

Bow trend 2024/ main image Credits: L-R: Sandy
Liang/Launchmetrics Spotlight/Courtesy, ebay

Pinterest predicts that the bow trend will continue during 2024







According to Pinterest, one of the major 2024
micro trends will be trimming garments and accessories with a variety of
bows. The company has reported a 180 to 190 percent uptick in searches like
“Bow outfit” and “Bow necklace.”

New York designer Sandy Liang is renowned for using bows to embellish all
manner of looks and styles. Here are two from her SS24 runway show.



Sandy Liang SS24/ look 12 Credits: Sandy Liang
ss24/Launchmetrics Spotlight



Look 12: A black tank dress with a 3D embellishment: a pink rose on a green
stem with two bows in blue.



Sandy Liang SS24/ look 10 Credits: Sandy Liang
ss24/Launchmetrics Spotlight



Look 10: A yellow cardigan set with heart and floral-shaped mother-of-pearl
buttons, the arms tied in a bow, shown with brown low-rise shorts with a
bow embellishment.







Liang also sells ribbon bows specifically for the purpose of wearing as
hair accessories. It’s a look made popular by the ‘blokette’ trend

.



Sandy Liang Palermo ribbon Credits: Palermo
ribbon/courtesy Sandy Liang





The Palermo bow in white satin



Ebay’s desirable auction items with bow embellishments







According to Ebay: “Nostalgia-fueled fashion trends have been redefined
this year. From barbiecore to balletcore, these trends have dominated the
runway, TikTok and streetstyle more than ever — and now bows are having
their moment.”



Gucci Jacket on ebay Credits: Gucci Jacket/Courtesy
ebay



Gucci ‘Guccify yourself’ bow-applique track jacket



Louis Vuitton x Takashi Murakami bag on ebay Credits:
Louis Vuitton x Takashi Murakami bag/Courtesy ebay



Louis Vuitton x Takashi Murakami 2003 Cherry Blossom Monogram Shoulder Bag



Puma x Fenty sneakers on ebay Credits: Puma x Fenty
sneakers/ Courtesy ebay



Puma x Fenty pink satin sneakers



Chopard watch on ebay Credits: Chopard watch/courtesy
ebay



Chopard happy diamonds gold women's watch







The pre-fall 2024 season is almost complete and has proven that bows of all
kinds will continue to trend throughout next year. At Valentino, Pierpaolo
Piccioli used feminine details including bows, in contrast with a more
masculine approach to tailoring.



Valentino Pre-Fall 24/ look 30 Credits: Valentino PreFall
24/Launchmetrics Spotlight



Look 30: A yellow wool duffle coat with bow fasteners



Valentino PreFall 24/ look 8 Credits: Valentino PreFall
24/Launchmetrics Spotlight



Look 8: A black satin shirt with a white scalloped placket and black dickie
bow and a matching black satin mini skirt.


http://dlvr.it/T1hxRl

The fashion system: The fashion seasons explained

Image illustrating the fashion seasons (autumn/winter and
spring/summer clothing). Credits: Tropical Concept

Fashion expert José Teunissen was once quoted stating
: "What characterises fashion is its
urge to innovate. Every six months, fashion presents itself as a moment
where the spirit of time is captured in a moment of absolute beauty."




*Source: José Teunissen's chapter 'The universe of fashion' in Artez
Press' book 'Fashion and imagination on clothing and art' published in
September 2009.









In this background article, FashionUnited has outlined the general
information needed to understand the fashion seasons and the fashion
calendar of ready-to-wear clothing.



Contents






* Why are there seasons in the fashion
industry?


* What are the seasons that the
industry follows?


* When do the fashion seasons take place?
(The fashion calendar)


* Problems with the fashion
calendar

1. Why are there seasons in the fashion
industry? What is the point?



Seasons set the pace of the fashion industry





Each season, new fashion collections on the catwalk and new clothes appear on the store
shelves. After all, the fashion industry exists through the process of
people buying new clothes with some regularity.



The fashion seasons could be thought of as the industry’s
trading cycle, with the industry itself only remaining relevant
and dynamic as seasons allow for the continuous introduction of new styles
and trends.



Fashion designers usually create at least two collections per calendar
year: spring/summer and autumn/winter. A fashion season thus lasts a
maximum of six months.

2. What are the seasons in the fashion
industry? How many fashion seasons are there per calendar year?



Spring/summer and autumn/winter





Spring/summer and autumn/winter have been the most
common seasons in fashion for years. Clothing brands almost always offer
collections for these periods. These
are called the primary seasons and main collections for this
reason.



Not all fashion brands work with seasonal collections. There are also
clothing brands that deliberately do not design according to seasons. Often
their clothes are less fashion-sensitive or even timeless, and the
collection can be bought all year round, or even year in and year out.
These fashion brands fall under the so-called ‘slow fashion’ label. Slow
fashion has emerged as a reaction to ‘fast fashion’, which is all about
fast trends and fashion brands that launch many/continuously new
collections.









Spring/summer: This season brings new styles for warm(er)
weather. Clothing for spring/summer is often airy and made of breathable,
moisture-wicking and/or lightweight fabrics. Casual cotton fabrics and
typical linen summer materials are widely used. The collections feature
blouses, skirts, summer dresses, shorts and swimwear. The season is often
more colourful than fashion for autumn/winter and usually includes more
prints. In the fashion industry, spring/summer is also referred to by the
abbreviation S/S or SS.



Autumn/winter: This season is all about clothing for colder
temperatures and wearing layers. Autumn/winter clothes are usually made of
thicker [clothing] fabrics and warmer raw materials, such as wool and a
more luxurious cashmere, for example. The collections typically include
jumpers and cardigans, blazers, coats and jackets, scarves and boots.
Autumn/winter clothing is often darker in colour than summer collections
and usually also higher priced. The American industry also uses the term
fall/winter, or the abbreviations F/W, FW or – in the UK – AW (short for
autumn/winter).



Resort and pre-fall





Nowadays, most clothing brands make at least two to four collections per year. Other
collections are launched between spring/summer and autumn/winter. These
will therefore be the ‘intermediate collections’. Often these include the 'pre-spring' and
'pre-fall' collections.



Other common names in the fashion industry are pre-collections,
off-season collections or secondary seasons.







But, note, the intermediate collections vary from one clothing brand to
another. Some brands do not offer a 'pre-spring' collection, but do offer a
'high summer' collection.



For luxury brands such as Chanel, Dior and Jil Sander, the intermediate
collections 'resort/cruise' and 'pre-fall' are common.



Resort/Cruise: What is a resort collection?


Resort and cruise collections are synonyms. Cruise and resort collections were once intended
exclusively to dress the elite who holidayed in tropical
destinations at the end of the year. At department stores during this time
of year, parkas and winter gear were mainly hung on the shelves, and no
summer or swimwear was available. Yet, resort collections have now evolved
into full-fledged collections, as sunny getaways are made possible
for a wider crowd thanks to affordable, commercial air travel. So for
fashion houses, this means that resort/cruise collections could just be money down the drain.



Pre-fall:



This intermediate collection focuses on the transition period from
summer to autumn/winter. The pre-fall collection often includes both
spring/summer and autumn/winter items and 'elements'.

3. What about the timing? When are the fashion
collections actually shown and sold? In other words, what is the fashion
calendar?



3.1 Spring/summer and autumn/winter





Fashion houses such as Chanel, Dior, Jil Sander, Gucci
and Prada, for example, usually present their new 'spring/summer' and
'fall/winter' collections during major fashion weeks. They appear on the
official calendar of New York Fashion Week, London Fashion Week, Milan
Fashion Week and Paris Fashion Week or organise independent events (almost)
simultaneously. Here, they show their new designs for the first time,
gauging the interest of buyers and press and create enthusiasm for their
collections for next season.



You can read more about it here: ‘Fashion: From catwalk to closet’







Fashion weeks are organised well before the start of a season:



Spring/summer collections are presented at fashion weeks in
September and October for the following summer. Autumn/winter collections,
meanwhile, are shown on the catwalk in February and March for next
winter.



NB: We are talking about the ready-to-wear womenswear fashion weeks. Most eyes
in the industry are on the 'womenswear catwalk season', because womenswear is typically considered the most important
segment in the industry (accounting for 58 percent of fashion
retail spending worldwide). In this article, we will leave aside other
important fashion weeks such as menswear and haute couture and 'their'
calendar for a moment.





When did that calendar actually come into being?



"We've been stuck with the ready-to-wear calendar for
decades now," fashion expert Ninke Bloemberg said, a sentiment that was also confirmed by the
Fédération de la Haute Couture et de la Mode (FCHM) to FashionUnited. We
asked the organisation, which regulates and promotes the French fashion
industry and organises Paris Fashion Week, when the ready-to-wear show
calendar originated. "Sources and voices are a bit contradictory on this
subject. But generally we can agree that 1973 was the beginning of women's
ready-to-wear calendars," said an FCHM spokesperson.



Ninke Bloemberg is an art historian and curator of fashion and costumes
at Centraal Museum Utrecht. As curator, she is responsible for the museum's
fashion collection, which comprises about ten thousand garments and
accessories.


Bloemberg is also co-founder of platform Modemuze.nl and a member of Europeana Fashion, as well as the ICOM
International Committee for Museums and Collections of Costume, Fashion and
Textiles.









Spring/summer collections are delivered to stores between
January and March.

The SS collections are then on sale for a few months. Summer sales are
often from mid-June to mid-July or August.



The fall/winter collections are delivered to retailers between July and
September and are then on sale for a few months. Winter sales are often
from Christmas to January - February.





Background: What happens between the catwalk presentations and
when the collection goes on sale in stores?



After the presentations fashion brands sell their designs to retailers (the retailers who will be selling the
clothes to consumers, ed.). Once the retailers have placed their orders
(for the most part), the [sold] clothing designs are actually put into production.





Most clothing brands present their latest collections not on the
catwalk, as the more upscale brands do, but at fashion trade fairs. There, labels such as a Marc
O'Polo, Expresso, Gaastra, Nikkie, Tramontana and Xandres, for example,
show their new clothing collections to retailers and buyers. The fairs -
like the fashion weeks - take place every six months. During January and
February, they present the latest fall/winter collections, and in July and
August they present the latest summer collections.









You can read more about this entire process, the time it takes and the
work involved, in the background article: ‘This is how a fashion brand’s collection is created’






3.2 Intermediate collections





Resort/cruise collections are shown on the catwalk in
May. There is no fashion week for it, but luxury brands typically host their own bigger fashion shows. The "holiday"
collections go on sale in winter, often starting in mid-November.



Resort/cruise collections are also sometimes called pre-spring, because
the timing of deliveries matches that of pre-spring collections (which
arrive at stores in October and November).







There is no pre-fall fashion week, nor are there grand fashion shows
organised for this fashion season as in "resort/cruise. Pre-fall
collections are often presented before the fall/winter shows in February by
fashion designers, with or without a modest catwalk presentation. Pre-fall
collections are delivered to stores before the summer collection, often in
May.





SUMMARY: The timing/or schedule of the four seasons in fashion at a
glance



Fashion shows



Autumn/winter: February/March



Spring/summer: September/October



Resort, Cruise: May



In the shop



Autumn/winter: July-September (the entire collection will be on the
shelves in September)



Spring/summer: January-March (the full collection will be on the shelves
in March)



Resort, Cruise: November



Pre-fall: May





Belgian fashion designer Dries van Noten said in an interview with
American newspaper The New York Times: "It is impossible to explain how the fashion
industry works to people who don't work in fashion”,
referring to the fashion calendar.

4. The biggest problem with the fashion
calendar is that fashion seasons do not coincide with meteorological
seasons, or weather



Fashion seasons do not run concurrently with the "real" seasons. They
run ahead of them. "But, who buys an item just to put it in the closet to
wait for the right season?" said Italian fashion designer Giorgio Armani , criticising the fashion seasons
(or rather the entire fashion system) in an open letter to the American
fashion trade magazine WWD in 2020.



Meanwhile, store owner John Mulder of fashion store Mulder Mode said
last November that it was only then that his customers began to feel like
trying on and buying the warm winter clothes he had been stocking since
August. "In September it was still 25 degrees, in October it was 18
degrees. This is the first week that it gets a little colder," he told FashionUnited at the time.



So, in other words, weather affects clothing sales. Warm weather reduces
demand for fall and winter clothing, and when it's freezing outside, spring
items are less attractive.



When you and I purchase an item of clothing, by the time we can wear it
it is usually already discounted because of clearance sales. Summer sales,
for example, start around mid-June, while summer doesn't start until June
21. The same goes for winter. According to the astronomical calendar,
winter starts on December 21, and that's also when the sale starts.



And discounted items simply mean less profit for retailers and/or
fashion brands.



That is why there is dissatisfaction in the industry with the calendar.
Armani called the "non-alignment" between the weather and the commercial
season "criminal". The fashion designer finds it "bizarre that in winter
only linen dresses can be found in stores, and in summer coats made of
alpaca wool”.



Reset the fashion calendar?





During the corona pandemic, calls for a [fundamental] change in the
fashion calendar grew louder. Led by fashion designer Dries van Noten, an
‘Open letter to the Fashion Industry’ was
published, which proposed that the fall and winter collection selling
season take place in the fall and the spring-summer collection in the
summer period.



Big names in the industry, including, for example, the department stores
Selfridges, Harvey Nichols and KaDeWe, signed the open letter. "Despite
these very stores asking for earlier deliveries (pre-fall in April,
pre-spring in November) and a constant stream of 'novelties' there is a
unanimous need to serve customers in season and align the fashion calendar
with the real life calendar," FashionUnited wrote at the time.



In addition to a "realistic" fashion calendar, it
advocated discounting only at the end of the season (i.e. winter in
January, and summer in July). That way, more clothes would be available for
their full price.




As you now know, the summer and winter sales of fashion collections
begin even before summer and winter have officially begun. Moreover, in the
fashion industry, discounts are already given during the season. Think, for
example, of the mid-season sale where low-demand items are discounted, as
well as well-known shopping days such as Black Friday and Cyber Monday
where stores stunt with discounts.



Also read:


* Is full price fashion over?










Yet today, more than three years after the call from
the industry itself, fashion is still essentially operating according to
the old/traditional scheme, Bloemberg noted.



Bloemberg: "There have been interesting experiments of course, but in
essence I don't think a whole lot has changed."



It is not proving to be easy, to change the course of a supply chain
with so many links, spread all over the world, and companies that have been
operating traditionally for a long time. Certainly not because a
fundamental change in the fashion calendar actually requires a turnaround
from all players in the fashion industry. The fact that a short-term change
will also have an impact on the financial results of fashion companies
(many of which run on growth and profits) undoubtedly also plays into the
equation.







"We just can't seem to get it together in the fashion
industry to move everything along," Mulder stated. "During the pandemic, we
thought we got it through. Deliveries were very spread out, especially
later in the season. [We were operating on] more real time. And that
resulted in good profitability.”




Profitability is a way of measuring how well a fashion company manages
to make a profit with the resources it has (invested). The higher the
profitability, the more efficiently a company uses its resources to make a
profit.



Read more here: ‘From margins to sell-through: Important figures used in
the fashion industry’





Image illustrating the fact that fashion seasons do not
coincide with seasons. On the street, you see a passerby with a coat and
scarf. Summer items are already hanging in the window of the Stradivarius
store in Madrid. Credit: The Stradivarius flagship store Plaza de España.
Property: Inditex, archival photography.

"On a small scale, of course, you see [change]," Bloemberg added. "There
are designers who create their own moments. Some brands/designers have no latest collection but a
collection that is constantly evolving, not sticking to seasons. And you
have, for example, the Dutch fashion designer Ronald van der Kemp trying to make statements
from within."

Did you know that…


In today's fashion industry, clothing is usually
designed and displayed with the specific climatic season in mind, as
described earlier (see Section 2). However, this has not always been the
case throughout history. Sometimes clothing was and is instead displayed
with an eye on the activities or occasions typical of that season.
"Starting in the 19th century, for example, you saw ball gowns being
presented in the winter. That was because the ball season (balls and
dinners) took place in January and February," explained art historian Els
De Baan.



Els de Baan is an art historian, a specialist in the field of Textiles,
Fashion and Costume. She is a teacher, appraiser and perhaps best known for
the fashion contributions she writes for Dutch outlet Trouw.











Related from the archives on this topic:


* Breaking the pattern: The apparel brands ditching trends
and seasons (June 2023)


* Alexander Shumsky: “Dissatisfaction with the current
fashion system is long overdue” (May 2020)


* Fashion's emergency: Designers and retail executives sign
open letter to transform industry practices (May 2020)


* Giorgio Armani postposes collection one season: “The
fashion industry must slow down” (April 2020)

* The curse of the fashion calendar (July 2015)



* Is the end of the seasonal fashion cycle in
sight? (March 2015)









Sources:


- Book 'Fashion and imagination about clothing and art ' by Artez Press,
September 2009


- Interview Ninke Bloemberg, art historian and fashion curator at Centraal
Museum, July 12, 2023.


- Interview art historian, teacher and fashion journalist Els de Baan, 6
April 2023.


- Input Fédération de la Haute Couture et de la Mode (FCHM), July 17, 2023.



- Interview with John and Marion Mulder, owners of women's and men's
fashion store Mulder Mode, November 30, 2022.


- The New York Times article 'Designers Revolt Against the Shopping Cycle',
by leading fashion journalist and critic Vanessa Friedman, May 12, 2020.


- WWD article 'Giorgio Armani Writes Open Letter to WWD' by Luisa Zargani,
April 3, 2020.


- Articles from the FashionUnited archive by Don-Alvin Adegeest and Nora
Veerman (linked in the article text).


- Parts of this article text were generated using an artificial
intelligence (AI) tool, and then edited.



Images to illustrate the many 'fashion seasons' or
collections. We take women's fashion from Jil Sander as an example. The
latest collections are (at time of publication) 2024: Women's Resort. 2023:
Men's and Women's Fall/Winter. Women's Pre-fall, Men's and Women's
Spring/Summer, Women's Resort (in order of last published, newest first:)






Jil Sander Women's Resort collection 2024, image from June 2023. Credits: Launchmetrics Spotlight







Jil Sander Men's and Women’s Fall/Winter 2023. Credits: Launchmetrics Spotlight







Jil Sander Pre-Fall Women Off Season 2023.Credits: Launchmetrics Spotlight







Jil Sander Ready to Wear Spring Summer 2023 Credits: Launchmetrics Spotlight







Jil Sander Women’s Resort 2023 Credits: Launchmetrics Spotlight


http://dlvr.it/T1hxFN

Revolve Group reappoints Jennifer Baxter Moser to its board of directors

Credits: Jennifer Baxter Moser via Revolve Group



Revolve Group has announced the reappointment of Jennifer (Jenny) Baxter Moser to its board of directors, effective immediately. Baxter Moser will also serve as a member of the audit committee and compensation committee.


The company said in a release that Baxter Moser previously served on Revolve’s board of directors during a period of significant growth and value creation from December 2012 through July 2020.


“Jenny made pivotal contributions to our success in her initial tenure as a board member, including playing a key role in developing our owned brand strategy and in the launch of Revolve Beauty, our fastest growing product category," said co-founder and co-CEO Mike Karanikolas.


In 2012, Baxter Moser led a strategic investment in Revolve by TSG Consumer Partners, a firm she joined in 2007 and served as partner from 2013 through 2023. During her 16-year tenure at TSG, Baxter Moser led investments in and served on the board of several high-growth consumer companies, including e.l.f. Cosmetics, Paige Denim, Smashbox Cosmetics, Backcountry and Scopely.


"Jenny's extensive industry knowledge and deep insights into the Revolve core customer demographic will add significant value to our boardroom discussions," added co-founder and co-CEO Michael Mente.


Prior to TSG Consumer Partners, Baxter Moser was a consultant at Bain & Company where she worked in several industries, including consumer products and retail, and across multiple practice areas including brand strategy, merger integration, organisational design and private equity due diligence.


"One of the highlights of my career was leading TSG's incredibly successful investment in Revolve, a partnership that further increased my passion for the brand and appreciation for its innovative business model," said Baxter Moser.


http://dlvr.it/T1hwzG

Macy’s rejects 5.8 billion dollars takeover bid from investors

Credits: Macy's



Macy’s has rejected a 5.8 billion dollars takeover bid from investors Arkhouse Management and its partner Brigade Capital Management, citing concerns over financing.


“Following careful consideration and efforts to gather additional information from Arkhouse and Brigade, the board determined that Arkhouse and Brigade’s proposal is not actionable and that it fails to provide compelling value to Macy’s, Inc. shareholders,” said Jeff Gennette, chairman and CEO of Macy’s, Inc.


Despite Jefferies Group, financial advisor to the investor, providing a highly confident letter supporting the ability to raise the necessary funds for the transaction, Macy’s added that the investor group failed to address the board’s concerns regarding Arkhouse and Brigade’s ability to finance their proposed transaction.


Arkhouse, which owns a significant stake in Macy's, had asked the company to respond this week without further delaying substantive discussions.


“We believe Macy’s investors support a privatisation given the stock’s largest single-day gain in more than two years following media reports of our interest in acquiring the company. In the absence of further updates, Macy’s shares have fallen — including after the company’s announcement last Thursday of a broad-based restructuring,” Arkhouse said in a statement.


As a part of the restructuring process, Macy’s is said to be laying off about 3.5 percent of its total headcount, which amounts to roughly 2,350 employees, and also closing five Macy’s locations.


http://dlvr.it/T1hwfQ

Sunday, January 21, 2024

Rick Owens embraces the bleak and austerity of the times at PFW

Rick Owen Fall 2024 Credits: Spotlight Launchmetrics



For his Fall 2024 presentation Rick Owens reflected that the world is grim and intolerant, emphasising that his latest catwalk collection should not be viewed in a festival spirit. Instead, it was showcased to a select audience in his Paris home at the Place de Palais Bourbon.


Consistent with his approach, Mr. Owens has always resonated with and embraced the spirit of the times, preferring more intimate and sincere presentations over grand spectacles common in other major fashion houses. Reflecting a commitment to restraint, Owens' collections do not masquerade as decoys or themes to adopt but rather stand as authentic and brutalist expressions of its founder.


Behind the scenes, Owens mentioned that the inflatable stretch rubber boots were a collaboration with Straytukay and produced by London Garden Latex, with shoe design by Leo Prothman. Other rubber garments were developed in partnership with Matisse De Maggio.


In a post-show interview with System, Owens described the Fall 2024 clothes as barbaric and inhumane, challenging conventional beauty standards and commenting on the current global situation. Owens criticized the notion of generic 'airport beauty,' characterizing it as a narrow and intolerant standard promoted in beauty advertising. Instead, he aims to offer more diverse options and promote tolerance.


The Fall 2024 collection was named 'Porterville' after Owens' hometown in California's Sierra Nevada mountain range, a place he refers to as bleak. Owens explained in a pre-show letter that the collection is a reflection of his memories of the small hardships of a sensitive childhood in a judgmental country.


Rick Owens Fall 2024 Look 3 Credits: ©Launchmetrics/spotlight



Rick Owens Fall 2024 Credits: ©Launchmetrics/spotlight



Rick Owens Fall 2024 Look 32 Credits: ©Launchmetrics/spotlight


http://dlvr.it/T1hhVy

Saturday, January 20, 2024

LVMH Fashion Group names Michael Burke as new CEO

Frédéric Arnault, Michael Burke, Pascal Brindeau, Bernard Arnault, Bruno Le Maire, Laurent Brillard, Valérie Dubois and Jean-Christophe Goursaud at the Abbaye Vendôme workshop Credits: Louis Vuitton.



The new year brings a new chapter for luxury group LVMH's fashion division. After six years as the chief executive officer of LVMH Fashion Group, Sidney Toledano is stepping down from this role. Michael Burke will take on the role of CEO.


After joining the Arnault Group where he oversaw investments in the United States, Michael Burke led the American subsidiary of Dior from 1986 to 1992, followed by Louis Vuitton from 1992 to 1997. In 1997, he was appointed CEO of Dior and in 2003, the president and CEO of Fendi.


In 2012, he successively became the CEO of Bulgari and the President and CEO of Louis Vuitton. In January 2021, he also became the non-executive chairman of the board of directors at Tiffany & Co.


Since February 2023, Michael Burke has been a counsellor to the president, and a member of the board of directors of The Fédération de la Haute Couture et de la Mode (FHCM) since 2016.


Michael Burke to take over as CEO of LVMH Fashion Group




As the CEO of LVMH Fashion Group, Michael Burke will be responsible for overseeing the brands of the group, including Louis Vuitton, Loewe, Marc Jacobs, Patou, Celine, and Givenchy, among others.


Commenting on the news in a release, Burke said in a statement:"I am proud and honoured to have the trust of Bernard Arnault, who, after more than 40 years by his side, is now offering me an exciting and challenging opportunity as the leader of LVMH Fashion Group, home to so many iconic Maisons.”


He continued: ”Like him and Sidney, whom I succeed, I am an advocate for the long term strategy, craftsmanship, creativity, and excellence. These are the ingredients that will be part of the recipe I plan to develop with the teams of these Maisons to further enhance their desirability and set new records.”


”Sidney, with whom I share over 30 years of friendship, adventures, and camaraderie, has done a tremendous job leading these Maisons by fostering their creativity and sharing his unique leadership experience. I fully embrace the ambition to take the magic of these extraordinary Maisons to a new level, rich in their innovation, history, and craftsmanship," Michael Burke concluded his statement.


As the executive prepares to take on his new role as the CEO of LVMH Fashion Group, his predecessor, Sidney Toledano, has been appointed as an advisor to Bernard Arnault and will be leaving the group's executive committee. These changes will be effective from February 1, 2024.


Having worked with several major houses within the group, Sidney Toledano is particularly known for his leadership at Dior. Appointed as CEO of Dior in 1998, he worked on the brand's development and successfully positioned Christian Dior as the leading luxury brand.


At the beginning of January, LVMH Group announced the appointment of Frédéric Arnault, son of Bernard Arnault, to head its new watches division entitled LVMH Watches.


At the end of November, his older brother Antoine Arnault announced that he was stepping down as CEO of Berluti, of which he remains chairman.


This article was originally published on FashionUnited.FR. Translation and edit from French into English: Veerle Versteeg.


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Mango partners with Madrid Polytechnic University, gives employees sustainability training

Mango HQ in Barcelona. Credits: Mango



Spanish fashion brand Mango has joined forces with the Centre for Higher Education in Fashion Design (CSDMM, Centro Superior de Diseño de Moda), at the Polytechnic University of Madrid, to deepen its understanding of sustainability. The two signed an agreement and will develop a training programme that is set to kick off in 2024.


The university’s Centre for Higher Education in Fashion Design will train 250 Mango employees in sustainability, Mango announced in a press release. The goal is to train designers and buyers from all Mango clothing lines in areas such as recycling processes, the latest developments in more sustainable materials and fibres, certifications and labelling, and the application of circularity criteria when designing collections.


The training of Mango employees is part of Mango's strategy ‘to attract and retain talent at Mango,’ as per the release sent out by the company. "In 2023, our company was recognised as one of the best employers in the world by Forbes because it has an attractive and differentiated value proposition, which we want to continue promoting based on our company values, training and development, and rewards and benefits for our employees," Leila Rettali, global director of talent and organisational development at Mango, said in the release.


In addition, Mango aims to establish relationships and collaborations with institutions that aim to improve education and generate knowledge. In its news release, Mango also said it wants to take 'a big step' towards a more sustainable business model.


One of the goals for Madrid Polytechnic University is to 'improve society by generating and transferring knowledge and training future professionals.' To achieve this goal, the university enters into agreements with institutions and companies in the fields of architecture, sports, fashion, and technology.


This article was originally published on FashionUnited.NL Translation and edit from Dutch into English: Veerle Versteeg.


http://dlvr.it/T1dNrN

Not-so-average: Victor Roseboro - Next Model Management Manager & Talent Agent

Victor Roseboro Credits: Courtesy photo.



When asked, ‘who are you?’ Victor Roseboro states that first and
foremost he is a son, and a brother to four sisters.



“I am a friend to several people that have been great friends to me. I
am a spiritual person. I am definitely a giver, a feeler; I am a lover
for sure,” said Roseboro.



“And currently, I am a model agent.”





About this series

There’s more to the fashion industry than jobs in designing
or styling. Like any other sector, fashion is a business so there’s a
space and a job for everyone. That includes a person who loves math, a
person who solely loves to shop or a business-minded individual.



The word “everyone” doesn’t just refer to those who have different
interests or job titles, but also those of a different race or gender.
We’ve decided to highlight how diverse the fashion industry is, could
be, and should be with a series of stories on Black professionals with
not-so-average fashion careers.





How did you get to work in fashion?






“Lots and lots of trial and error, and bumping my head and just being
inspired that if so many people out here can do it then why can’t I?”
said Roseboro.




Fashion was nowhere on Roseboro’s radar and neither was New York. He
attended East Stroudsburg University and graduated with a Biology
degree in 2012.



Roseboro had hopes of attending medical school, however, “I needed a break.”



“Undergrad kicked my butt and I also had this giant feeling in my
stomach that being a doctor was not what I wanted. So I had to go
home,” he said.





At the age of 25, Roseboro decided he wanted to move to New York, but
he didn’t necessarily have a concrete plan.



After realizing he didn’t want to work retail and would have to start
over as an intern, Roseboro found an internship on Cragslist.



“It didn’t have many details. I came in to find out it was the casting
director of Christian Dior [who] was looking for an intern,” he
explained. “I didn’t really know who she was, I gave her a quick
Google search, we did a Skype session, and I lied.”



Roseboro told her he lived in New York even though he had not moved
from Pennsylvania yet. Doing so resulted in the casting director
inviting him to meet with her in person.



“I had to scrounge the money together to buy a Mega bus ticket. I did
the interview and she hired me.”






According to Roseboro, working as an intern and working in fashion was
very much “Devil Wears Prada. Very ice cold.”



He continued to say the experience of working in fashion broke him a
little so he left the internship after a month. The next weekend while
he was helping a friend work a show, he met Roger Inniss, owner of
Boom Productions Inc. After a conversation, Inniss asked Roseboro to
join his team.



“It felt good to have this Black man just see me, and be like ‘join my
team,’” Roseboro said. “I got my first few paychecks from the fashion
industry which was blowing my mind.”



Roseboro then went on to work for Maurilio Carnino’s casting agency,
MTC, as a casting agent where he stayed for two-and-a-half years.



He said his path flowed from one thing to another, however he also had
several different jobs in the midst of it. For instance, Roseboro
worked as a waiter for four years to not only keep a constant flow of
income but to also have fluidity when it came to scheduling.



“Because fashion does not pay until it starts paying,” explained Roseboro.



What’s your current fashion job?





After being an assistant at Next Model Management for two years,
Roseboro became a manager and talent agent - which is the position he
still holds today.



“I have about 12 models worldwide that I represent. I also source and
navigate bookings for the entire Next Model Management worldwide
board,” Roseboro said.



He added that he loves finding new talent. “I do love seeing a girl
from St. Louis, Missouri, come to New York - skinny and nervous, and
18 years old. And next thing you know she’s hired to do a catwalk show
for Versace!”








What does an average work day look like?





“We come in, we all sit at a giant table,” Roseboro said. “It’s a
giant rectangular table, and it’s about 12 seats, six on each side, we
all have our computers and half [are] emailing and half [are]
discussing across the table. It’s very much a boardroom.”



The conversations happening around the table include discussing what
manager has a model that would fit a certain campaign or upcoming
project.



“You got to make sure your voice is heard. You got to make sure you’re
aggressive. You got to make sure you present to your clients in the
best possible way,” Roseboro explained.



“We're competing with so many other agencies in New York [and] around
the world too. So we have to make sure these clients know that our
girls are simply the best. And we have to make sure our girls are the
best. We have to make sure our girls are healthy. We have to make sure
our girls show up on time. [We] have to make sure our girls feel open
to come and talk to us.”





Outside of managing the models, the day to day is catching up on
emails, and sharing updates and campaigns at the board table. There
are also many days of leaving the office for business meetings with
clients.



“We have to make sure that we are clienteling and make sure our
clients have that face time with us,” Roseboro said. “So much of this
industry is based on who you know, it’s about that bond.”




A word of career advice





“You just have to start from the bottom and you have to do the work,
you just do,” Roseboro advised. “There is no way around it.”



He said it’s as simple as this: the people that sit at the table are
hard workers, and the people that no longer sit at the table were not
hard workers





According to Roseboro, life and great things always involve two
components: “being prepared and opportunity.”



“You can have an opportunity happen for you but if you’re not prepared
for it, it’s not going to work,” explained Roseboro. “And you can be
prepared for something so precisely and so well, but you just need the
opportunity. You have to have both.”





He continued to say that if it’s hard and if it’s new in regard to
an opportunity, “give yourself a year” before giving up.



“Be the best version possible of yourself,” Roseboro added. “Be so
perfect, be so undeniable with your work, especially as Black people,
because when we walk into a room [people] already have an opinion of
who they think you are.”



“It’s not your problem, but it is your duty to get the work done and
to get your experience,” concluded Roseboro. “Your name is
everything.”


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Green Carpet Fashion Awards to return in March

Livia Giuggioli Firth, Tom Ford, Cate Blanchett arrive at the 2023 Green Carpet Fashion Awards at NeueHouse Hollywood on March 09, 2023 Credits: GCFA.



The Green Carpet Fashion Awards (GCFA) is set to return to its home city of Los Angeles on March 6, once again pushing forward the message of interconnected cultural change and bringing together a multitude of industries to attempt just that.


Alongside founder Livia Firth, the event will be co-chaired by actresses Cate Blanchett, Helen Hunt, Julianne Moore and Zendaya, as well as singer, activist and founder of NGO The Circle Annie Lennox, minister of Indigenous People of Brazil Sȏnia Guajajara and Ugandan climate justice activist Vanessa Nakate, with more to be announced at a later date.


Honourees for the awards are selected based on six cultural archetypes – The Visionary, The Messenger, The Rebel, The Healer, The Sage, and The Futurist – each representing a different collective transformation within any community.


Among last year's winners were the likes of Tom Ford for The Visionary; British Vogue editor-in-chief Edward Enninful for The GCFA Game Changer; the Gucci brand for The Futurist and designer Gabriela Hearst for The Sage.


Each individual selected is recognised for their role in the sustainable landscape, the GCFA said, offering what the organisation called “a new lens on true intersectional transformation” for a “brighter collective future”.


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Friday, January 19, 2024

Birkenstock FY23 revenues grow by 20 percent

Credits: Birkenstock



For fiscal year 2023, Birkenstock reported revenues of 1.4 billion euros, up 20 percent compared to fiscal year 2022 on a reported and constant currency basis.


The company’s fourth quarter revenues grew by 16 percent on a reported and 22 percent on a constant currency basis.


Commenting on the company’s performance, Oliver Reichert, CEO of Birkenstock Group said: “The past year has been the most successful year in our 250 year long tradition, and we entered our first year as a publicly listed company shortly thereafter. For fiscal year 2024 we are confident to further grow our business by tapping significant addressable geographic, category extension and distribution white space.”


Birkenstock reports strong full year results




The company’s full year revenue growth was driven by both unit growth of 6 percent and an increase in the average selling price (ASP) growth of 14 percent.


Birkenstock reported an increase in DTC revenues of 29 percent on a constant currency basis, resulting in an expansion of DTC penetration by 200 basis points to 40 percent.


The company recorded a net profit of 75 million euros, adjusted net profit of 207 million euros, EPS of 0.41 euros and pro-forma adjusted EPS of 1.10 euros. Adjusted EBITDA increased by 11 percent to 483 million euros in fiscal year 2023, which translates into an adjusted EBITDA margin of 32.4 percent.


The company achieved a CAGR of 20 percent in revenues for the past decade, an adjusted gross profit margin of over 60 percent, and an adjusted EBITDA margin of over 30 percent.


Birkenstock records growth across regions and channels




In the Americas region, Birkenstock achieved 21 percent revenue growth in fiscal year 2023 on a reported and 20 percent on a constant currency basis, making the region the largest contributor to overall revenue growth in absolute terms.


Europe delivered 18 percent revenue growth on a reported as well as on a constant currency basis. The APMA region delivered the highest growth in relative terms at 24 percent on a reported and 27 percent on a constant currency basis with China and India as key growth drivers.


In the fourth quarter, Birkenstock reported a growth in B2B revenues in the Americas of 61 percent on a reported and 73 percent on a constant currency basis compared to the quarter ended September 30, 2022.


Birkenstock forecasts strong revenue growth for FY24




Birkenstock expects revenues to be in the range of 1.74 billion euros to 1.76 billion euros on a constant currency basis, reflecting overall revenue growth of 17 percent to 18 percent compared to fiscal year 2023 with all segments and channels contributing to revenue growth.


The company expects adjusted EBITDA of 520 million euros to 530 million euros on a constant currency basis, resulting in an adjusted EBITDA margin of approximately 30 percent.


Long-term, Birkenstock expects an adjusted EBITDA margin in the low thirties with slight variations based on its investments.


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Nichelle Sanders joins Highsnobiety as North America general manager

Credits: Nichelle Sanders via Highsnobiety



Highsnobiety, the media pioneer who since 2005 has appointed Nichelle Sanders as executive vice president, North America general manager.


Sanders, the company said in a statement, will be based in Highsnobiety’s New York City office, where she will drive strategic initiatives, cultivate and deliver key client partnerships, and oversee the US business effective immediately.


“Highsnobiety sits at the intersection of my passion for creativity, commerce and culture, and my background in ushering successful creative work. I look forward to bringing our capabilities as a cultural consultancy and creative studio to pioneering brands that are seeking to future-proof their business and build credibility in culture,” said Sanders.


Highsnobiety taps Sanders from a robust history in brand marketing - most recently serving as managing director for Mojo Supermarket with previous tenures at R/GA and Virtue, the creative agency arm of the publishing platform, Vice.


“We firmly believe that Nichelle’s vision, her leadership skills, and profound understanding of the market make her the ideal candidate for Highsnobiety’s next chapter in the US, and continuing to propel Highsnobiety as the leading marketing partner and media platform among the fashion, art and creative communities across the globe,” added Highsnobiety founder David Fischer.


The company added that her work has created impact across some of the most recognized brands in the world, from consumer goods and services including Nike, Maybelline, Old Navy, Meta, and Target, to such luxury properties as Estée Lauder, Shiseido, Beam Suntory, Hendricks Gin, Netjets and Nespresso.


Sanders also served as the head of marketing & strategy for Afropunk and marketing lead for Bluhammock Music, a record label she helped launch under Sony Music.


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Thursday, January 18, 2024

Allbirds names new marketing and design officers

Credits: Allbirds



Lifestyle brand Allbirds has announced the appointment of two new executives to its leadership team amid an ongoing transformation period focusing on inventory reduction, cost control and operational cash use.


Kelly Olmstead, Allbirds’ former SVP of brand and marketing, has been promoted to chief marketing officer, a role she brings over 25 years of experience to.


Prior to Allbirds, which she had initially joined in 2023, Olmstead served in the same position at Hanna Andersson after spending two decades at Adidas, where she was responsible for leading brand, retail and digital marketing for the North America region.


In addition to Olmstead, Adrian Nyman will be taking on the newly created position of Allbirds’ chief design officer.


In his most recent role of chief brand officer at electric vehicle manufacturer Arrival, Nyman garnered insight into the production of sustainable products. Prior to this, he spent 13 years at Nike, where he served in a series of roles, including VP, creative director global retail.


In a release, Allbirds CEO, Joey Zwillinger, said on the new appointments: “Their deep industry expertise, operational capabilities, and creativity will add tremendous value as we continue to focus on reigniting product and brand in 2024 and beyond.


“As we bring new innovation to the market, their respective backgrounds will further our ability to drive brand momentum through product and marketing, and energise consumers.”


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Rag & Bone appoints new head of menswear

New York-based Rag & Bone has appointed German-born Robert Geller as its new head of menswear design.


Geller, who has worked at brands including Marc Jacobs and Cloak, has been with Rag & Bone since September 2023. He will present his debut collection for the brand for autumn/winter 2024 by appointment during men’s market in New York and Paris.


Andrew Rosen, chairman of the board at Rag & Bone, said in a statement on the CFDA website that Geller’s “creative vision will undoubtedly lead Rag & Bone towards a new and very exciting chapter. Rag & Bone has long been recognised for innovation and leadership in American menswear, blending traditional craftsmanship with modern cultural references.


“The brand’s authentic style has contributed to its pre-eminence in the American fashion scene, and I believe Roberts’s appointment gives us the opportunity to take the brand to the next level.”


Commenting on his new role, Geller added: “From its inception, I have been a fan of Rag & Bone and its menswear, which is rooted in quality and authenticity. I also believe that our customer wants to look his best without having to compromise on comfort.


"My objective with the collections is to introduce a renewed sense of ease and to evolve the beloved core pieces by incorporating refined and innovative fabrics into well-made clothes that will enable men to move through life confidently, matching the grit and edge of the New York City spirit.”


With regards to what to expect from his debut AW24 collection, Geller revealed that it will have a focus on “fit and overall silhouette,” adding that the brand is integrating the ready-to-wear collection with its Pursuit sportswear line, “while bringing a more fashionable side to the denim in a way that satisfies all of men’s wardrobing needs, celebrating comfort”.


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N Brown Q3 revenues decline by 9.3 percent

Credits: JD Williams via N Brown Group



N Brown’s third quarter revenues of 226 million pounds declined by 9.3 percent over the same quarter last year, while year-to-date revenues of 523 million pounds decreased by 9.9 percent.


The company witnessed an improving product revenue trend in the third quarter with product revenues declining by 9.7 percent versus 10.4 percent and 11.9 percent drop reported in the second and first quarter, respectively.


Commenting on the trading results, Steve Johnson, the company’s chief executive, said: “We are pleased with the progress we have made in transforming the business, the resilience built through our strong balance sheet, and that our full year EBITDA expectations are on track.


N Brown said in a release that the trend reflects an improvement in both - clothing & footwear and home businesses in the quarter. Strong performance was seen in categories including third-party branded womenswear and lingerie, beauty, gaming consoles and premium own-brand, Anthology.


Within partnerships, the company added, the launch of Simply Be on Sainsbury’s online clothing platform and selected stores is performing strongly in its first year.


Following the launch of the new Jacamo website, the brand’s sales conversion rate has increased by around 20 percent despite lower promotional activity. In 2024, N Brown plans to roll-out the new JD Williams website and the addition of new technologies such as our product information management (‘PIM’) system, which is expected to reduce returns.


The company expects slightly softer FY24 revenues to be offset by further margin discipline. Adjusted net debt is anticipated to improve when compared to previous guidance and is expected to be under 260 million pounds at the end of FY24, whilst retaining a strong unsecured net cash position.


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Milan Men's Fashion Week round up

Prada Milan Fashion Week FW24 Credits: ©Launchmetrics/spotlight



Tailoring and elegance took center stage across the men's catwalks of Milan Fashion Week, embodying a central theme vital to the country's fashion DNA and businesses. These elements have consistently delivered sustainable success to Italian brands. In a world experiencing constant flux, the question arises: why change what already works?


Gucci




Sabato De Sarno's debut men's catwalk collection for Gucci sparked divided opinions. The restrained palette of the collection featured stylistic details like choker necklaces and long dandy neck ties, perhaps drawing attention away from any clear vision. In addition to suiting, which featured crossover plackets and contrasting lapels, De Sarno also showcased leather outerwear and logo bags, items that will likely ensure economic success for Kering. Despite some criticism, the true judgment lies in how De Sarno's offerings resonate with shoppers, and during Milan Fashion Week, Gucci's stores were bustling with patrons.


Gucci FW24 Credits: ©Launchmetrics/spotlight



Prada




Prada took a subversive approach in its FW24 collection, focusing on the basic and familiar aspects of fashion. The show, set against a juxtaposition of an office interior and a natural landscape, aimed to reflect the environment and seasons. Prada's emphasis on the necktie, offering a less strict and more intellectual interpretation, highlighted the collection's basic yet casual vibe. Trench coats, colour-block trousers, and sandals contributed to a more relaxed aesthetic.


Prada FW24 Look 1 Credits: ©Launchmetrics/spotlight



JW Anderson




JW Anderson's collection this season embraced a new sensibility rooted in reality rather than artistic novelty. Shoppers' demand for less gimmicks and more real clothes was met with fun and realness from Mr. Anderson. The collection, featuring oversized belted trenches and bomber jackets, demonstrated a balanced blend of personality and practicality.


JW Anderson FW24 Credits: ©Launchmetrics/spotlight



Zegna




Alessandro Sartori's minimalist styling revitalised Zegna, refining its classic roots with precision. The collection, sharp and lean, envisioned a complete system of dressing with versatile pieces encouraging freedom and effortlessness. While some may find the severity of cuts too sharp, the artful layering of wool and cashmere separates showcased Zegna's commitment to modernity and tradition.


Zegna FW24 Credits: ©Launchmetrics/spotlight



Giorgio Armani




In his ninetieth decade, Giorgio Armani's mastery of soft tailoring remains the cornerstone of the brand. This season saw a relaxing of proportions and silhouette, favouring soft, unstructured shoulders and a relaxed fit. The collection's understated luxury, marked by subtle textures and high-quality fabrics, exemplified Armani's enduring balance between contemporary fashion and traditional tailoring.


Giorgio Armani FW24 Credits: ©Launchmetrics/spotlight



Setchu




Satoshi Kuwata of Setchu, the 2023 LVMH Prize winner, demonstrated a fresh take on contemporary elegance, drawing from his Savile Row experience. The collection delivered sophistication without being overly formal, featuring pieces that zipped, layered, and tied together seamlessly.


Setchu AW24 Credits: ©Launchmetrics/spotlight



DSquared2




The DSquared twins, Dean and Dan Caten, brought their signature high-octane energy to Milan Fashion Week. While the showmanship tends to overshadow depth in the collections, their futuristic pod showcased models transitioning from one side to the other in full glam. Dean Caten's appearance in full drag to George Michael's "Freedom 90" track added a touch of humour to the vibrant presentation.


DSquared2 FW24 Credits: ©Launchmetrics/spotlight



Fendi




Silvia Venturini Fendi described the collection as a juxtaposition of town and country, emphasizing the dialogue between urban and bucolic elements, tradition, and technology. The outerwear propositions featured blouson jackets and peacoats in blanket wools, shearling and the softest leather. Fendi introduced innovative collaborations, including a Fendi x Devialet Mania portable speaker and updates to the Peekaboo bag, showcasing the brand's commitment to blending heritage with contemporary flair.


Fendi FW24 Credits: ©Launchmetrics/spotlight


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