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We provide business journalism and in-depth insight into the most impactful news and trends shaping the fashion industry
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Fashion Dive provides in-depth journalism and insight into the most impactful news and trends shaping the fashion & apparel industry. The daily email newsletter and website cover topics such as brands, supply chain, retail, compliance, financial/business, tech, sustainability, and more. Fashion Dive is a leading industry publication operated by Industry Dive. Our business journalists spark ideas and shape agendas for 13+ million decision-makers in the most competitive industries.
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The personal luxury goods market has reached its first slow down since the Great Recession, excluding the Covid-19 pandemic, according to Bain & Company. The report predicted that the market would improve next year, but a long-term positive trajectory may not come until 2030. Read more from Lara Ewen:
Luxury spending hits one of its worst years since the Great Recession
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Nike is calling for a partial summary judgment in its?yearslong lawsuit against resale marketplace StockX. The athleticwear giant is accusing StockX of using insidious false advertising and counterfeiting claims after discovering counterfeit Nike products on the platform. Read more from Laurel Deppen:
Nike’s counterfeit legal dispute with StockX heats up
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Circulose, formerly Renewcell, has named Helena Helmersson, previously of H&M, chair of the board and Jonatan Janmark, previously of McKinsey & Company, as CEO. Read more from Laurel Deppen:
H&M, McKinsey execs to lead the former Renewcell
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Kering has appointed new CEOs at two of its brands. Cedric Charbit will take on the role at Saint Laurent, while Gianfranco Gianageli will step into the role at BALENCIAGA. Both appointments are effective Jan. 1. Read more from Lara Ewen: https://lnkd.in/gBXbyf85
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ASICS was once again the fastest-growing sneaker brand for the quarter on resale marketplace StockX. Read more on the results from Lara Ewen:
Asics continues to lead resale as holiday season approaches: report
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S&P Global has downgraded its rating of VF Corporation, ?citing a less favorable view of the company’s competitive position due to revenue declines and weaker credit ratios. Read more from Laurel Deppen:
S&P downgrades VF due to declining revenue at key brands
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Richemont reported sales of 10.1 billion euros during the first half of its fiscal year, marking a 1% year-over-year decrease. Read more from Lara Ewen:
Richemont struggles continue as first half operating profits fall 17%
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Steve Madden is still seeing revenue boosts from its acquisition of the Almost Famous brand last year. Read more from Laurel Deppen:
Steve Madden continues to see boost from Almost Famous acquisition
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Nearly 98% of apparel consumed in the U.S. is imported. That means the next administration’s approach to import tariffs will affect the fashion industry’s bottom line.?Read more on the other ways the next presidential administration will impact fashion:
5 ways the election will impact fashion
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