France will subsidize the repair of clothes to reduce waste.
Bryce Quillin
Co-Founder of content strategy and luxury retail research agency It’s A Working Title LLC. I’m an economist, quant and content strategist. Usually I am in DC, NY or somewhere in between. I would rather be in some place warmer.
I spoke with Vogue Business about tech, fashion, the troubles at Farfetch.
https://www.voguebusiness.com/story/companies/farfetch-wanted-to-be-luxurys-tech-backbone-what-now
If these data are correct then it doesn’t look like Metaverse Fashion Week was too well attended. It’s hardly a wonder as brands didn’t generally advertise it.
This is a nice piece by Richard Kestenbaum on how change comes to fashion. Forbes will let you read a few articles for free so hopefully there won’t be a paywall issue.
There are numerous opinions about where fashion goes next in its web3 and metaverse investments. This piece in Newsweek provides some ideas of what is described as viable investments in these areas.
Amid chatter of slumping consumer demand in China, Uniqlo reports a surge in Q2 sales in China. Separately, Uniqlo is raising wages by up to 40%.
https://asia.nikkei.com/Business/Retail/Uniqlo-parent-Fast-Retailing-posts-record-9-month-net-profit
This guy expressed his views on Balenciaga at SXSW.
My second discussion in two weeks with Vogue Business about the rabbit hole that Farfetch continues to go down. https://www.voguebusiness.com/story/companies/why-farfetch-was-acquired-by-the-amazon-of-asia
The finalists for the Rimowa Design Prize produced some excellent work.
Our review of day 2 of Paris Couture Fall 2023. Can’t wait to write up Valentino from day 3.
Business of Fashion reports that garment factories have operated at 30-40% capacity in 2023. They do not report a source for this datum. Does anyone know of a source?
Finally watched Thom Browne. As @jquillin@fashionsocial.host noted, the opera themes are so strong, including being transported to being on stage in front of an audience at the Palais Garnier. Really amazing experience.