INSIGHTS The global fashion industry is in for a particularly tumultuous and uncertain 2025, and brands will pivot focus to Asian markets beyond China, most notably Japan, South Korea and India, as China is buffeted by macroeconomic headwinds, a McKinsey report said. A long-feared cyclical slowdown has arrived, and consumers, hit by high inflation, are increasingly price sensitive, it said. The global fashion industry is in for a particularly tumultuous and uncertain 2025, and brands will piv

INSIGHTS The global personal luxury goods market is likely to dip by 2 per cent to $381.74 billion this year, the latest Bain & Company Luxury Study found. The forecast reflects continued strength in Japan, solidity in southern Europe and a progressively improving trajectory in the US, but also a rapid slowdown in China and challenges in South Korea. Longer-term market growth should be solid, Bain noted. The global personal luxury goods market is likely to dip by 2 per cent to €363 b

Winter is the ultimate hoodie season. Each year brings new twists, designs, and elements to keep the wardrobe fresh and relevant. This year, hoodies are not only about comfort but also about style statements, intricate details, and even a bit of nostalgia. From graphical prints to washed effects, there is a hoodie for every fashion enthusiast this winter. Here’s a look at some of the top hoodie trends that will define the season. 1. Vintage-Inspired Rugged and Washed Hoodies This winter,

INSIGHTS Prada Group has reported €3,829 million (~$4,135 million) in net revenue for 9M 2024, a year-on-year increase of 18 per cent, driven by strong brand identity and retail growth. Miu Miu saw exceptional 97 per cent retail sales growth. Double-digit revenue gains in Asia Pacific, Europe, and Japan contributed, while Prada continued strategic investments in retail and technology. Luxury fashion house Prada Group reported a net revenue of €3,829 million (~$4,135 million), up by

INSIGHTS Burberry has opened a new three-floor store in Beijing's Sanlitun district, blending London-inspired architecture with local design elements. The store features natural stone, oversized windows, and a bespoke scarf monogramming service. It offers outerwear, including iconic trench coats and pieces from the Winter 2024 collection, as well as bags. Luxury fashion house Burberry has announced the opening of the Sanlitun store in Beijing. Set across three floors, the space is inspired by

INSIGHTS Adidas reported a 10 per cent rise in currency-neutral Q3 2024 revenues, with net income reaching €469 million (~$508.4 million) and operating profit at €598 million (~$648.2 million). Footwear sales grew 14 per cent, and apparel by 5 per cent. Adidas forecasts 10 per cent revenue growth for 2024 and expects operating profit around €1.2 billion (~$1.3 billion). Athletic apparel and footwear corporation, Adidas’ currency-neutral revenues increased 10 per cent duri

INSIGHTS Burberry celebrates British craftsmanship with its iconic Check cashmere scarf, crafted at Johnstons of Elgin. Each scarf undergoes 30 steps, including washing in spring water and brushing with teasels for softness. Burberry's 'Scarf for Tomorrow' initiative offers care services like Refresh and Upcycle to ensure the longevity of its pieces, supporting tradition and innovation in British fashion. For over 150 years, Burberry has proudly held craftsmanship and artisanal excellence at

INSIGHTS Hermes Paris reported a €11.2 billion (~$12.1 billion) revenue in Q3 2024, up 14 per cent year-on-year at constant exchange rates. Sales reached €3.7 billion (~$4.01 billion), showing growth across all regions, especially Japan (+23 per cent) and Europe (+18 per cent). Leather goods (+17 per cent) led growth, while Hermes maintained confidence in long-term growth amid global uncertainties. French luxury fashion house Hermes Paris generated a revenue of €11.2 billion (~

INSIGHTS LVMH reported $66.3 billion revenue for the first nine months of FY24, showing resilience amid economic challenges. The Fashion & Leather Goods sector, led by Louis Vuitton and Dior, generated $32.6 billion. Growth in Europe, the US, and Japan offset a slowdown in Asia. Confident in its brand strength, LVMH expects to maintain its global leadership. LVMH Moët Hennessy Louis Vuitton, the global leader in luxury goods, has reported revenue of €60.8 billion (~$66.3 billio

INSIGHTS Guess has launched Guess Again, a recycling programme in partnership with SuperCircle to promote textile circularity. Customers can trade in worn clothing from any brand in-store or online for discounts on future purchases. Items are processed for resale, upcycling, or recycling. This initiative supports Guess' commitment to reducing its carbon footprint and tackling textile waste. GUESS launches GUESS Again, a customer recycling program in partnership with SuperCircle, the textile r