The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
Fashion Trust US, a non-profit organisation founded in 2022 to support emerging talent, awarded grants and mentorship to six brands as part of its inaugural ceremony in Los Angeles Tuesday evening.
Elena Velez, winner of the 2022 CFDA Vogue Fashion Fund, took home FTUS’ Sustainability Award, while fellow New York City-based label Puppets and Puppets won the Google Creativity Award. Soull and Dynasty Ogun of L’Enchanteur won the Jewellery Award, while Papa Oppong was selected for the Graduate Award sponsored by Shop with Google. Ainsling Camps won the St. John Ready-to-Wear Award, with which Camps will be able to produce a collaboration with the Lanvin-Group owned brand.
The award ceremony was hosted by comedian Phoebe Robinson. Award finalists were selected by FTUS board members, including Karla Welch, Laura Brown, Samira Nasr, Tania Fares and Anne Crawford.
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The sharp fall in the yen, combined with a number of premium brands not adjusting their prices to reflect the change, has created a rare opportunity to grab luxe goods at a discount.
Fashion’s presence at Milan Design Week grew even bigger this year. Savvy activations by brands including Hermès, Gucci, Bottega Veneta, Loewe and Prada showed how Salone has become a ‘critical petri dish for dalliances between design and fashion,’ Dan Thawley reports.
The Hood By Air co-founder’s ready-to-wear capsule for the Paris-based perfume and fashion house will be timed to coincide with the Met Gala in New York.
Revenues fell on a reported basis, confirming sector-wide fears that luxury demand would continue to slow.