If anybody needed confirmation of how important fashion resale has become, it came on Monday with the announcement by France’s Vestiaire Collective of a new €178m financing round backed by Kering, among others.
A study in contrasts on Saturday morning at Milan Fashion Week, as two key fashion marques played against their reputations. Giorgio Armani showing evening ideas but as daywear, Sportmax revolutionizing its DNA.
Milan's women's ready-to-wear fashion week will once again be taking place via a phygital format. The event runs from 23 February to 1 March and will feature 61 shows, including big-name brands and new arrivals.
The beauty conglomerate has announced the promotion of Stéphane Delbos, senior vice president for transformation, indirect and procurement operations, to the role of chief procurement officer, effective February 1, 2021.
According to the Center for an Urban Future, retail chains shuttered more than 1,000 stores in New York this year due to the impact of Covid-19, with both clothing and beauty stores implementing widespread closures.
There may be a consensus that stuck-at-home consumers will be buying sweatpants and other comfort clothing for the foreseeable future, but a new Moda Operandi trend report suggests the future for fashion is brighter.