Articles by Don-Alvin Adegeest
Fashion in flux, as H&M and LVMH earnings show
30 Jan 2023 - Business
Titans of the fashion industry delivered mixed 2022 results last week, with H&M’s net profit tumbling 67 percent, in stark contrast to LVMH’s revenue of 79.2 billion euros, where growth was robust at 23 percent. 2022 has been a year of enlightenment, where the luxury players seem to be better able to absorb inflation and rising costs than those...
For FW23, Alaïa gets personal
30 Jan 2023 - Fashion
Alaïa’s FW2023 show was held at the top of a brutalist residential tower on Antwerp’s left bank on Friday. The duplex apartment is owned by Alaïa’s creative director, Pieter Mulier, and his partner Matthieu Blazy (artistic director at Bottega Veneta), and it proved to be the perfect venue to unveil Mr Mulier’s most personal collection yet. In...
Gucci appoints Sabato De Sarno as creative director
28 Jan 2023 - People
Gucci’s interim phase without a creative lead has come to an end. On Friday Kering announced Sabato De Sarno as the brand’s new creative director, with his first collection to debut during Milan’s September fashion week. In a statement Kering said Mr De Sarno will report to Marco Bizzarri, Gucci President and CEO, with the responsibility for...
A new fashion collection shields wearer from AI facial recognition
26 Jan 2023 - Fashion
A new brand embracing technology, textiles and fashion has developed a collection that will bypass AI and facial recognition. The print-heavy pieces confuses artificial intelligence cameras and stops them from recognising the wearer. Developed by Italian startup Capable, the brand said its mission is to offer a high-tech product that opens...
Away from the frenzy, creativity shines at haute couture
26 Jan 2023 - Fashion
It was not so long ago that haute couture was held in salons, private sitting room-style presentations that showed the collections to a Maison’s elusive, well-to-do clientele. It was unobtrusive, chic, and most of all held hush-hush behind closed doors. But those are days of yore. Just like ready-to-wear, haute couture is vying for fashion’s...
BOSS announces Miami "see now, buy now" show in March
25 Jan 2023 - Fashion
German fashion retailers BOSS on Wednesday announced it will present its Spring Summer 2023 collection in Miami on 15th March. The company said the show will have a "see now, buy now" theme, allowing customers to purchase items seen on the runway in-season without having to wait months before they become available at retail. BOSS said it aims to...
Why did Gucci sell a rabbit fur hat after it banned all fur in 2017?
25 Jan 2023 - Fashion
In 2017 Gucci sent out a widely publicised press release that the Florentine fashion house would ban fur from its collections. In a statement the company said its new policy underlined a modern and ethical vision for luxury. While Gucci's fur-trimmed loafers were an enormous profit driver after their debut in 2015, from its SS18 collection...
Springboard publishes annual UK retail review 2022
25 Jan 2023 - Retail
Retail experts Springboard’s annual retail review for 2022 shows a slow but steady recovery for the UK’s retail landscape. While footfall in 2022 remained 14.2 percent under 2019 levels, January 2023 has already shown some days to have reached the same trading peaks as during pre-pandemic times. Springboard said the recovery in footfall in UK...
Ebay invests in luxury resale platform Cudoni
24 Jan 2023 - Business
Luxury resale platform Cudoni, has raised 7.5 million pounds from eBay’s venture arm and existing investors. The UK-based company, which aims to simplify the luxury resale process, said “it is an outstanding vote of confidence in the brand and our ambitions, to receive investment from recommerce pioneer, eBay, during what has been an incredibly...
Fashion supply chain finance platform, Twinco Capital, raises 12 million dollars to expand
24 Jan 2023 - Business
Twinco Capital, a global supply chain finance solution that covers the production cycle from purchase order to final invoice payment, has secured a 12 million dollar equity and debt round. The Amsterdam and Madrid-based fintech business, which was founded 2019 by bankers Sandra Nolasco and Carmen Marín, said it is on a mission to reduce the...