Articles by Diane Vanderschelden
Diane Vanderschelden is a Business Editor for FashionUnited France and UK. She covers the latest economic, financial, and regulatory news shaping the fashion industry. With a keen interest in international dynamics, she focuses on the economic, social, and cultural factors influencing different regions, particularly Asia and Europe, where she has lived for several years.
Investments, trade, and diplomacy: The EU bets on India
The European Commission made an official visit to India on February 27–28, marking a new step in strengthening diplomatic and trade relations between the two powers. This visit, which brought together more than twenty European commissioners, aimed to revive a "strategic partnership" between the EU and India, focusing on three key areas: trade,...
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EU backs projects to strengthen India's textile industry
Last week, on February 15, the European Union (EU) and the Indian Ministry of Textiles jointly launched seven new projects to strengthen India’s textile and handicrafts industry. The initiatives, funded by the EU to the tune of 9.5 million euros (approximately INR 85.5 crore), were unveiled on the sidelines of the Bharat Tex event. They aim to...
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Shein attempts to reassure investors as IPO faces uncertainty
Shein, China's much-maligned fast fashion giant, is trying to reassure investors after US President Donald Trump's decision to end the de minimis regime, which exempted low-value imports from China from customs duties. The move could significantly impact the company's business model, as it prepares to go public in London. In a letter to...
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Solid financial results for Hermès in 2024
Paris, February 14, 2025 – Hermès continues to assert its leadership position in the luxury industry with impressive 2024 annual results. In an uncertain economic and geopolitical context, the group recorded double-digit growth in both revenue and profitability, confirming the relevance of its artisanal and exclusive model. An exceptional year...
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Kering reports 12 percent decline in revenue for 2024
Luxury group Kering reported a 12 percent drop in revenue for 2024, totaling 17.2 billion euros, marking a year under pressure for the company. Recurring operating income plummeted 46 percent to 2.55 billion euros, while net income attributable to the group fell 62 percent to 1.13 billion euros. These results reflect a challenging macroeconomic...
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Trump strikes, China counterattacks: A shock for the fashion and retail industry
Trade tensions between the United States and China are escalating as Beijing announces retaliatory measures in response to President Donald Trump’s decision to impose 10% tariffs on Chinese imports. The new Chinese countermeasures, which include tariffs on the energy, auto and technology sectors, as well as export restrictions on critical...
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Gucci's former CEO Bizzarri reportedly eyes Versace
The fashion and financial worlds are on edge over rumours of a possible sale of Versace by Capri Holdings. One of the potential buyers is Marco Bizzarri, former CEO of Gucci, who recently launched his new investment company, Nessifashion. • Are Versace and Jimmy Choo up for sale? Versace, a highly sought-after fashion house According to sources...
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Galeries Lafayette's ambitious bet on the success of men's fashion
As the luxury sector experiences a post-pandemic slowdown, Galeries Lafayette in Paris is taking a decisive turn by focusing on men’s fashion as a lever for growth. This strategy responds to a growing global trend: the rise of men’s ready-to-wear. A strategic repositioning for men's fashion Galeries Lafayette was quick to see the growth...
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Moncler creates new international chief brand officer position
Rod Manley, a standout executive in luxury fashion communications and marketing, has been named Moncler’s international chief brand officer, effective Monday, January 20, according to exclusive information obtained by WWD. The newly created position will place Manley under the direct supervision of Gino Fisanotti, Moncler’s chief brand officer...
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Google Gemini: How Artificial Intelligence is Disrupting Advertising Costs and Marketing Strategies
The advent of artificial intelligence tools like Google Gemini is revolutionizing search engines and redefining the rules of the game in digital marketing. This transformation is leading to a dramatic increase in cost per lead (CPL) on Google, sometimes reaching +100%, according to experts. This evolution poses new challenges for advertisers,...
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