Luxury’s Sustainability Reckoning

LuisaViaRoma Opens New York Store; Luxury's Grim Earnings Season

ADVERTISEMENT

WHAT YOU NEED TO KNOW TODAY: MONDAY, JULY 22, 2024 A series of Italian investigations into the use of sweatshop labour is putting new pressure on the luxury sector's image. LuisaViaRoma is opening its first international outpost in New York's NoHo. LVMH, Kering and Hermès report earnings this week amid a worsening luxury downturn. Saudi Arabia's Public Investment Fund offered to boost its stake in Selfridges to 50 percent.

TOP STORIES

SUSTAINABILITY Is Luxury Finally Set for a Sustainability Reckoning? By Sarah Kent

Amid growing disillusionment with luxury brands, a series of Italian investigations linking major players like Dior and Armani to sweatshop labour is putting new pressure on the sector's most powerful asset: brand image. READ MORE

RETAIL Inside LuisaViaRoma's Flashy New York Bet By Malique Morris

The legacy Florentine retailer is betting its new outpost in New York's trendy NoHo neighbourhood can become a retail destination for the city's discerning fashion crowd. READ MORE

LUXURY Kering, LVMH and Hermès Confront Luxury's 'Underconsumption' Problem By Brian Baskin

All three companies will report results amid a sharp downturn in demand in key markets. That, plus the Olympics kick off in Paris. READ MORE

BoF PROFESSIONAL Join now and enjoy your first 30 days for just $/£/€1 START TRIAL

NEWS BRIEFS Saudi Wealth Fund Offers to Boost Stake in Selfridges

BoF CAREERS

Moncler Is Hiring Global opportunities at Moncler include an HR Controller & Compensation Manager and a Client Relations & Events Specialist in New York, a Knitwear & Jersey Enfant Pattern Maker and a Collection Coordinator in Milan, a Production Quality Controller in Bucharest and a Senior Marketing & Communications Manager in Seoul. Founded in 1952 in the French Alps, Moncler evolved from technical mountain clothing to an Italian luxury brand within the Moncler Group, alongside Stone Island, acquired in 2021. Embracing the "beyond fashion, beyond luxury" philosophy, Moncler combines design with technological research, blending style and functionality. Its brand is represented by Moncler Collection (timeless designs), Moncler Genius (creative co-creation), and Moncler Grenoble (year-round outdoor performance). VIEW JOBS

The Business of Fashion AGENDA-SETTING INTELLIGENCE, ANALYSIS AND ADVICE FOR THE GLOBAL FASHION COMMUNITY. CONNECT WITH US ON CONTACT US ETHICS POLICY SPONSORSHIP & ADVERTISING JOB OPPORTUNITIES This email was sent to edwardlorilla1986.paxforex@blogger.com Update your preferences or unsubscribe from this list. All services provided are subject to our Privacy Policy. The Business of Fashion Ltd The Business of Fashion, Surrey Building, 1 Surrey St, Temple, London, WC2R 2ND, United Kingdom businessoffashion.com