FLORENCE, Italy — Gucci has raised the price of handbags by up to 9 percent, joining rivals Louis Vuitton and Chanel in a bet their brands will still lure the wealthy, a Jefferies report said on Friday, as top luxury brands try to shake off the impact of the Covid-19 pandemic. The luxury fashion industry, […]
The Future of 'Made in Italy'
NEW YORK, United States — Scandicci, a town outside Florence known for its leather workshops, has seen its fortunes rise along with Gucci, Prada and the other luxury brands that manufacture bags, shoes and belts here. Now, as the luxury sector begins to truly reckon with the global economic fallout of the pandemic, Scandicci’s artisans […]
As Brands Rush to Speak Out, Many Statements Ring Hollow
NEW YORK, United States — When the Black Lives Matter movement became a part of the US’ national discourse in 2014, fashion mostly remained on the sidelines, leaving the public posturing to media pundits and political candidates. But over the past half-decade, the minds behind the industry’s biggest brands have learned that they cannot afford to […]
When It Comes to Social and Environmental Transparency, Fashion Continues to Fall Short
LONDON, United Kingdom — Fashion’s annual transparency scorecard comes at a timely moment this year. The financial fallout from efforts to contain Covid-19 have ripped through fashion’s supply chains in a stark reminder of the long-standing problems buried in the industry’s opaque and convoluted manufacturing base. Since the pandemic forced high streets and malls across […]
Kering to Provide 3 Million Surgical Masks to France, Gucci Prepping to Make 1.1 Million For Italy
A worker packs protective facemasks at a production facility | Source: Getty Images PARIS, France — French luxury group Kering is purchasing three million surgical masks from China to donate to the French health service, which is running low on some critical medical supplies in the midst of the coronavirus pandemic. Kering-owned Gucci is also […]