Milan Design Week is dominated by fashion takeovers
Fashion United » Hermes
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1w ago
Milan's annual Salone del Mobile furniture and interiors fair has transformed into the premier global design destination. Against the vibrant backdrop of Italy's fashion capital, a plethora of brands and retailers across the design spectrum offer unparalleled experiences, collaborations, activations, events, and, of course, soirées, transforming ..read more
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Investors brace for luxury slowdown in Q1
Fashion United » Hermes
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3w ago
Investors are bracing for a notable downturn in luxury sales as companies prepare to release their first-quarter results, reflecting weakened demand from China, reported Reuters. Kering's unexpected forecast of a 10 percent decline in first-quarter sales, contrasting with the 3 percent anticipated by analysts, has already cast a shadow over the ..read more
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Hermès taken to court by customers over 'unfair sales practices'
Fashion United » Hermes
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1M ago
Hermès was taken to court by two customers in the US state of California, who accused the company of unfair sales practices. According to the suit, Hermès allegedly only offers its Birkin bag to an exclusive group of customers with "sufficient sales history". Only people who have previously bought from the brand are allowed to buy the Birkin ..read more
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Is an Hermès Birkin bag a better investment than gold?
Fashion United » Hermes
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1M ago
Reports suggesting that Hermès requires shoppers to make purchases across multiple categories before being eligible to buy a coveted Birkin bag have led some luxury experts to speculate that these bags hold more value than gold. An article in Fortune this week highlighted that the value of a Birkin bag doubles approximately every five years ..read more
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Hermes vs Hermes: Turkish bookseller takes on French giant
Fashion United » Hermes
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2M ago
It's a case of Hermes vs Hermes. One, the global luxury goods giant based in Paris, is suing the other, a cosy bookseller tucked away in a Turkish seaside town, over alleged trade name infringement. Umit Nar, who owns the Sahaf Hermes store in the Aegean coast city of Izmir, argues that he has been in business for 15 years and never once been ..read more
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Demand for fast-fashion in the US continues to grow
Fashion United » Hermes
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4M ago
Despite growing concerns surrounding climate change and overconsumption, demand and expenditure for fast fashion in the US continue to gain traction. One of the largest markets in the world for both fast fashion and luxury, consumer expenditure on fast fashion grew 2 percent compared to the same period last year, according to new data from ..read more
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PETA launches stink bomb protest at Hermès Paris boutique
Fashion United » Hermes
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4M ago
The People for the Ethical Treatment of Animals (PETA) has amped up its pressure on Hermès in the run-up to Christmas, releasing “a foul-smelling spray” into one of the luxury brand’s Paris boutiques. The activist that carried out the protest donned a t-shirt stating “Hermès stinks of death” while holding a sign that read “Hermès: Stop Exotic ..read more
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In the name of discretion: how luxury brands offload stock
Fashion United » Hermes
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5M ago
Images of unsold inventory, with garments piled high like those that end up in landfills, are mostly associated with fast fashion brands, known for their high-volume goods. However, luxury brands face similar issues of excess stock, especially in times of weakened consumer demand. Luxury brands often employ discreet and strategic methods to ..read more
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Video: Hermès SS24
Fashion United » Hermes
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6M ago
In this video you can see Hermès’ SS24 collection presented at Paris Fashion Week. FF Channel via Youtube ..read more
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Hermès reports sales growth despite dip in Asia
Fashion United » Hermes
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6M ago
French luxury group Hermes, known for its leather bags and silk scarves, on Tuesday said it continued to see sales growth in the third quarter despite a dip in Asia. The 7.3-percent rise in overall sales in the third quarter from the same period last year to 3.4 billion euros (3.6 billion dollars) narrowly beat analyst expectations. The ..read more
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