LVMH reported 3Q2024 ended down 3%, with Asia off 16% and Fashion & Leather Goods down 5%. LVMH called it a cyclical downturn but it may be bellwether of worse ahead.
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Richemont Practically Gifted Yoox Net-A-Porter To Mytheresa
Richemont has come to an agreement for Mytheresa to acquire its online YNAP business, including Net-A-Porter, Mr Porter, Yoox and Outnet brands.
Eloquii Collaborates To Bring Kate Spade Style To Plus-Sized Market
DTC plus-size women’s fashion brand Eloquii has collaborated with Kate Spade to translate its style aesthetic to plus sizes. Eloquii customers can’t get enough of it.
Diane Von Furstenberg Is Reinventing Her DVF Brand, Again
Diane von Furstenberg has brought on fashion industry veteran Graziano de Boni to turnaround the DVF brand and company.
Supreme Acquired by EssilorLuxottica for $1.5 Billion From VF: What’s Next for the Streetwear Brand?
VF is selling Supreme to EssilorLuxottica for $1.5 billion, far less than it paid in 2020. Since then, Supreme has fallen hard in the fast-paced streetwear business.
