Fashion news and fashion jobs

Management

‘Tale of two halves’: Industry reacts to ‘damaging’ Autumn Budget

The Autumn Budget, the first to have been issued by Labour in 13 years, has received mixed reactions from industry insiders and experts alike, with a 40 billion pound uptick in taxes being at the centre of discussion. On Wednesday, Chancellor Rachel Reeves unveiled the budget via a lengthy speech in which she noted that she did “not take this...

Management

Stéphane de La Faverie to succeed Fabrizio Freda as Estée Lauder’s new CEO

Estée Lauder has announced the appointment of Stéphane de La Faverie as its new president and chief executive officer and member of its board of directors, effective January 1, 2025. The company said in a statement that de La Faverie will succeed Fabrizio Freda, who announced his intention to retire earlier this year after more than sixteen...

Retail

Premium buyers are embracing vintage fashion

The secondary luxury market is experiencing unprecedented growth as vintage fashion emerges as a significant force in the premium retail sector, according to new data from buy-now-pay-later provider Clearpay. Analysis of transaction data reveals substantial year-on-year growth across key vintage categories, indicating a structural shift in...

Management

Weak global demand impacts Moncler's Q3

Moncler Group revenues of 1,865.7 million euros in the first nine months, increased by 6 percent at cFX and 3 percent at current exchange rates. In the third quarter, group revenues were 635.5 million euros, down 3 percent cFX. Moncler brand revenues were 1,573.3 million euros and Stone Island brand revenues of 292.4 million euros. The Moncler...