LILLIE CASSATI 28 July, 2017
ORDRE WEEKLY | FASHION RESEARCH ITALY TO OPEN HEADQUARTERS IN OCTOBER
"Former La Perla chief Alberto Masotti embarks on a new project to foster innovation, heritage and education in fashion."
"Retailers no longer dictate trends, says Hannah Hale of Lucky Brand. It's time to shift from a "push" to a "pull" model by asking shoppers what they want."
"The government is increasing efforts to end exploitation in the workplace as it vows to jail worst offenders and review the effectiveness of current enforcement practices."
"Innovation is in Scott's DNA and fueled his desire to set up Malong Technologies, which specializes in AI-based visual product recognition technology. "Being in China is really important when it comes to AI," he said. "If you look at the numbers, such as publications on topics like deep learning, it's China that is leading the way."
Business Of Fashion
"The 2008 financial crisis put many local American retailers out of business, but the survivors are now stronger than ever."
"LVMH’s report Wednesday underlined a luxury industry recovery that began in China after a multiyear slowdown caused in part by a crackdown in corruption. The company’s shares are up about 20 percent since the start of the year, as investors have welcomed the improved outlook and a 6.5 billion-euro deal for LVMH to take full control of Christian Dior. In May, LVMH surpassed energy giant Total SA to become France’s most valuable company."
"The revamp of classic high-end fashion brands including Gucci and Balenciaga has helped French parent Kering deliver a stellar set of results for the first half of the year, with scion Francois-Henri Pinault telling CNBC that the company's success is not as fickle as fashion itself."
Business Of Fashion
"It’s time for the fashion industry to stop fixating on what’s wrong with New York Fashion Week and start embracing new ideas that can take us forward, argues Ed Filipowski."
"Employment losses in the retail sector are approaching 2009 levels with 60,000 jobs cut and counting. As retailers realign resources around e-commerce, the roles of associates are also changing."
"More than 5,500 clothing retailers are estimated to be at risk of becoming insolvent, as business rates and Brexit negotiations continue to add pressure on the industry."
ORDRE is an online wholesale showroom for the luxury fashion industry that allows wholesale orders to be placed and managed through sophisticated yet easy to use technology.