How Long Will Quiet Luxury Last?

Why Gen-Z Loves Dupes; The Return of Parachute Pants

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WHAT YOU NEED TO KNOW TODAY: TUESDAY, APRIL 25, 2023 Many Gen-Z shoppers prefer beauty dupes — cheaper alternatives to prestige products — to the real thing. The "quiet luxury" trend will be both shallow and fleeting, argues Eugene Rabkin. Brands and retailers are capitalising on the latest Y2K trend: parachute pants, or baggy trousers with pockets and drawstrings. The contemporary brand Vince sold a 75 percent stake in its intellectual property to Authentic Brands Group. UK Prime Minister Rishi Sunak was publicly challenged by Burberry chair Gerry Murphy on the "somewhat perverse" decision to reverse VAT refunds.

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BEAUTY Why Gen-Z Loves Dupes By Joan Kennedy

Copycat products have shaken up the beauty industry as young consumers eat up inexpensive alternatives hawked on TikTok. READ MORE

LUXURY Op-Ed | Debunking the Quiet Luxury Myth By Eugene Rabkin

'Quiet luxury' appears to be spreading like wildfire, but the trend is likely to prove both shallow and fleeting, argues Eugene Rabkin. READ MORE

RETAIL Why Trousers Keep Getting Weirder By Daniel-Yaw Miller

In parachute pants, celebrities and TikTok influencers have dusted off another half-forgotten trend. What started as a rebellion against skinny jeans is taking some odd turns. READ MORE

RETAIL Authentic Brands Group Acquires Vince IP By Cathaleen Chen The licensing group — which also owns Brooks Brothers and Juicy Couture, among others — will have a majority stake in a new Vince entity, with will license the brand back to Vince to operate its existing wholesale, retail and online business. READ MORE

Burberry Chair Says UK 'Least Attractive Shopping Destination in Europe' READ MORE

LVMH's Market Value Exceeds $500 Billion, a First in Europe READ MORE

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FuturLiberty FuturLiberty is an exploration of the unexpected in the Liberty archive, refreshing heritage designs with geometric shapes - resulting in a striking new Interiors and Fashion collection. Designed in collaboration with esteemed couturier and interior designer, Federico Forquet, the new fabrics collections celebrate the artistic movements of Futurism, Vorticism and a century of avant-garde.  The story of FuturLiberty is presented with two exhibitions at Museo del Novecento and Palazzo Morando in Milan, open until September 2023. DISCOVER FUTURLIBERTY

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