Giorgio Armani Posts 24% Profit Drop in Tough 2024, Steps Up Investments
The Milanese group was hit by declining revenues and a slight increase in operating costs but said it retained a long-term approach amid a sharp downturn in luxury demand.
In 2020, fashion pledged solidarity and systemic change. Now, as political tides have turned, only a few brands are willing to speak up — or follow through.
DEI workers are repositioning and rebranding to get contracts and retain remaining staff positions, distancing themselves from conversations around race and gender and instead prioritising their leadership expertise.
Brands like Warby Parker and Glow Recipe are thriving with two leaders at the top — but experts caution the model only works when the market conditions are right, roles are clearly defined and egos stay in check.
Sinking brand valuations, a shaky economy, and the rollback of DEI initiatives are pressuring women founders in fashion and beauty — but a new playbook is helping them navigate the storm.
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From Burberry to Michael Kors and Under Armour, brands are leaning on product chiefs to navigate economic uncertainty and reignite innovation.
Brands, retailers and their employees are negotiating a new approach to diversity, equity and inclusion initiatives for the Trump era — and that often means avoiding the term itself.
This week, the US President took aim at climate action and diversity, equity and inclusion programmes, institutionalising a growing backlash against so-called ‘woke capitalism.’
An anti-DEI push by the new administration and a Gen-Z led move away from alcohol-centric social events are among the workplace shifts on tap for the year ahead.
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The newly inaugurated US president has signed several executive orders aimed at ending diversity, equity and inclusion programmes, including calling for investigations of businesses.
In a year defined by election-year upheaval, muted advocacy, the rapid dissolution of diversity programmes, and ongoing AI disruption, settling on hybrid work arrangements was one of the few areas where fashion firms found stability.
In a year defined by election-year upheaval, muted advocacy, the rapid dissolution of diversity programmes, and ongoing AI disruption, settling on hybrid work arrangements was one of the few areas where fashion firms found stability.
Many brands have stopped engaging with social and political issues, fearing a conservative backlash. That calculus may change when Trump returns to office.
Fashion schools have to play the long game in recruiting industry professionals who meet the high expectations of today’s students — from mentorship to staying on top of industry trends.
The Milanese group was hit by declining revenues and a slight increase in operating costs but said it retained a long-term approach amid a sharp downturn in luxury demand.
A deal between the biggest e-commerce platform in Africa and telecommunications company Axian would help both company expand across the continent.
The Persson family and its related companies owned over 60 percent of H&M's shares at the end of May, prompting speculation the company may return to private ownership.
The prestige skincare and wellness line founded by the British supermodel entered liquidation proceedings after failing to file its company accounts.
The two era-defining avant-garde fashion designers will be the subject of a major exhibition at the National Gallery of Victoria in Australia.
The British luxury lifestyle brand, known for its leather handbags, notebooks, homeware and other accessories, will look to accelerate its growth and expand internationally.
Hair care was the second fastest-growing category at L’Oréal last year after fragrances.
The deal bolsters Bold’s talent management capabilities in France.