Inside Luxury’s Slowdown

New York's Menswear Boom; Altuzarra Announces New Investment

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WHAT YOU NEED TO KNOW TODAY: TUESDAY, OCTOBER 15, 2024 Macroeconomic gloom, price hikes and safe design are weighing on the luxury sector. Downtown New York has become a hotbed of menswear retail as new brands rush to open stores in the area. Venture fund P180 has taken a minority stake in Altuzarra.

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LUXURY Inside Luxury's Slowdown By Robert Williams and Simone Stern Carbone

Economic headwinds, higher prices and a lack of novel design are all weighing on what was previously fashion's most dynamic segment. LVMH's quarterly results Tuesday will offer hotly-watched insights on the severity of the slowdown and how long it will last. READ MORE

RETAIL Why Men's Retail Is Booming in Manhattan By Lei Takanashi

Menswear and streetwear brands are opening stores in downtown Manhattan at a moment when young consumers are changing their shopping habits and digital marketing has grown stale. READ MORE

LUXURY Altuzarra Nabs Investment From New Venture Fund P180 By Malique Morris The 16-year-old womenswear label is partnering with the investment firm to ramp up its direct-to-consumer business. READ MORE

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NEWS BRIEFS Keir Starmer Says Listings Like Shein's to Face Labor Rights Scrutiny LVMH Investors Jittery Over Anaemic China Demand Nail Care Brand Nails Inc Acquired by Private Equity Firm

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Evolving Measurement Techniques to Optimise Brand Marketing Success Best practices today to engage consumers include much more effective and nuanced brand marketing, as the efficacy of performance marketing and paid campaigns diminishes due to decreasing relevancy and increasing costs. What's more, aspirational consumers are increasingly considered in where and how they spend money. To learn more about how brands can authentically invest in brand activations, and how to measure their performance, BoF and Ekimetrics hosted a roundtable discussion in London, gathering marketing leaders from across the UK's fashion industry. "What we see is the need for more North Star KPIs — like lifetime value, like brand equity, short-term sales — and then the need to have consistent measurement for those things," shared Sona Abaryan, partner at Ekimetrics. Discover further insights from the discussion, with comments from executives from brands such as Jimmy Choo, Harrods and Frasers Group on BoF today. READ MORE

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Palace says PH won't work with ICC on drug war probe

Executive Secretary Lucas Bersamin firm country will not return to the International Criminal Court (ICC). ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌     ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌     ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌     ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌     ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌     

View in browser   |   Download our app October 15, 2024 FOR THE ENVIRONMENT Environment Secretary Maria Antonia Yulo-Loyzaga (center), joined by Defense Secretary Gilberto Teodoro Jr. and Presidential Communications Office Senior Undersecretary Emerald Ridao, leads a toast to open the Asia-Pacific Ministerial Conference on Disaster Risk Reduction on Monday. —RICHARD A. REYES  Hi there. Palace says PH won't work with ICC on drug war probe No, the Marcos administration will not work with the International Criminal Court and give it access to findings of the House quad committee probe into the bloody Duterte drug war, Executive Secretary Lucas Bersamin said Monday. It's one of the world's most disaster- prone countries, but PH also serves as "a lighthouse to the rest of the [Asia-Pacific] region and the world" when it comes to disaster risk reduction efforts, said a UN official on the eve of a major environmental meet in Manila. Unshockingly, yet another policeman —assigned to the PNP headquarters Camp Crame in QC no less —has been charged with murder, along with three others, this time for the killing of Bulacan official Ramilito Capistrano and his driver early this month. First, chocolate and sugar, now butter: Prices for the commodity have spiked across Europe in recent months due to strong demand and tight butter stocks —bad news for bakers and pastry makers as they prepare for Christmas celebrations. Columnist Cielito Habito poses an urgent question in Opinion: "Do we really need to ask for huge additional budgets year after year? Or shouldn't we first demand much better quality spending from government to get far more pop for the pesos we pay in taxes?" Like this email? Forward it to your friends and let them know that they can sign up here. OPINION Asean sees no evil, speaks no evil By seeing and speaking no evil, the bloc risks losing what's left of its credibility and relevance as its silence signals complicity in the acts of a dominant power. If Asean hopes to be a force for peace in the region, it must discard its cowardly stance disguised as the 'Asean Way' and stand united against the neighborhood bully. By Editorial BUSINESS Changing of the guard at sports commission Richard Bachmann is out; John Patrick Gregorio is in as head of the Philippine Sports Commission. Biz Buzz sources say that Gregorio was chosen to take on the top post at the PSC due to his unique background in both the corporate and the sports worlds. By Tina Arceo-Dumlao SPORTS Hergie beats Chinese foe without a fight Hergie Bacyadan became the example of a popular Chinese adage after she beat her Chinese foe without throwing a single punch in the title bout of the Asian Kickboxing Championships. Jumping out of her corner and ready to deal her opponent the kind of beating she dished out to win her semifinal, Bacyadan triumphed in an odd result: Teng Jinwei threw in the towel after just five seconds of nonaction. By June Navarro Hi Edward, Have feedback? We're happy to hear it. Give Suggestions LIFESTYLE Marina Benipayo on dealing with depression Thank you for asking how I felt during those times," said actress-ramp model Marina Benipayo when Lifestyle sought her for an interview a few weeks after actor Ricardo Cepeda, her partner of 13 years, was released following an 11-month incarceration. By Marinel Cruz INQUIRER PLUS-EXCLUSIVE 'Invisible' shipwrecks: Gone without a trace on the way to the US   PALMA SOLA, CUBA— The group's homemade boat, or "balsa," seemed like a winner, said Carlos Raul Reyes, an experienced local fisherman whose nephew was among the crew. He said it measured nearly 9 meters in length, built from solid wood planks with 16 flotation tanks— repurposed gas cans—to each side and a bus engine for power. By Reuters Try Inquirer Plus. Inquirer Plus is the Philippine Daily Inquirer's premium subscription service. Register for a free 30-day trial to get access to Inquirer's fearless reporting, exclusive stories and more. REGISTER NOW © 2024 PHILIPPINE DAILY INQUIRER, Barangay La Paz, Makati City, Philippines You are receiving this email because you are subscribed to Inquirer Newsletters. Unsubscribe anytime