
German fashion house Hugo Boss will battle the economic slowdown by boosting the number of its own stores and using more flexible distribution to foster the brand's international presence.
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German fashion house Hugo Boss will battle the economic slowdown by boosting the number of its own stores and using more flexible distribution to foster the brand's international presence.
French luxury group Hermes warned a possible drop in operating margins this year and flattish revenue growth after posting a 1.7 percent rise in fourth-quarter sales at constant exchange rates.
A chill wind of economic reality blew into the four-day Paris men's fashion shows winding up Sunday as designers went for the wearable to weather recessionary times for Autumn/Winter 2009/2010.
Take two of the world's top men's designers and ask what is special about their trade and the answer is "millimetres and microscopic detail".
As the male fashion spotlight readies to shift from Milan to Paris this week, the question on all lips is whether the world's economic doldrums will dampen the usual exuberance of the twice-yearly men's shows.
Shoppers are set to storm Paris streets on Wednesday for the start of the winter sales, with department stores such as Printemps slashing prices by up to 80 percent to offload stock after grim Christmas trading.
Chanel fashion's decision to call off a prestigious but costly global art show is the latest sign that even the shine of the luxury industry is beginning to wear thin due to the crisis.
Tsutomu Yasuyama is doing something that few retail entrepreneurs across Asia would contemplate in the current economic slowdown -- expanding.
Giorgio Armani explored a merger with French luxury group Hermes but without success, the Italian designer told Bloomberg, adding he planned to keep control of his fashion empire as long as he stays healthy.
In couture, cut is vital, but Marie Dupuis has found it can also apply to price. Thanks to a little bargaining, a Jean-Paul Gaultier dress she had her eye on for New Year's eve was hers at a 40 percent discount.