News: 07/25/23

Tuesday, July 25, 2023

LVMH Rebounds in China

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WHAT YOU NEED TO KNOW TODAY: WEDNESDAY, JULY 26, 2023

LVMH's second quarter sales were bolstered by a rebound in Chinese spending, offsetting weaker demand in the US.
It's increasingly challenging to get international talent to take leadership roles in China, recruiters say.
Nike's collaboration with Martine Rose for the US national women's football team shows fashion's opportunity to capitalise on the sport.
A wave of DTC brands are reimagining sexual wellness products for people who identify as men.
Peter Do's debut runway show for Helmut Lang will open New York Fashion Week this September.

TOP STORIES

LVMH Q2 China Rebound Offsets Weakening US Demand

By Tamison O'Connor

Group revenue for the first half rose 17 percent year-on-year to €42.2 billion. But a fall in US sales in the second quarter could signal the sector's post-pandemic explosive growth spurt is beginning to temper.

Fashion's China Hiring Challenge

By Tiffany Ap

Last year's harsh pandemic restrictions and recent raids on foreign firms have made it harder for Western fashion companies to persuade top international talent to move to the country.

Martine Rose on Fashion's Football Obsession

By Daniel-Yaw Miller

The cult designer's sellout tie-up with Nike for the US women's national soccer team demonstrates the sport's soaring star power and opportunity for brands to cash in on the Women's World Cup.

Are Condoms Ready for the DTC Treatment?

By Yola Mzizi

While legacy players such as Trojan and Durex have dominated the male sexual wellness category for decades, new brands are banking on expanding notions of masculinity, product innovation and approachable storytelling to capture the male-identifying consumer.

Peter Do's Helmut Lang to Open New York Fashion Week

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