Net a Porter

Luxury brands and retailers’ business models and channel strategies are undergoing deep shifts, both online and off, as they adjust to new customer behaviours, reports The State of Fashion 2023.

For the last 19 years, the Israel-born designer has developed her independent American fashion label by producing high-quality, timeless basics.

A simple post by @upnextdesigner’s Albert Ayal can change a young designer’s career. But Ayal is as much a connector as a curator.

Activist hedge fund Third Point has built a stake in Richemont, media reported on Sunday, a development likely to put the luxury goods group’s capital structure and underperforming online businesses in the spotlight.

This week, the Canadian e-tailer announced investment from Sequoia Capital China at a valuation of more than $4 billion, signalling big ambitions to build on its success.

The luxury e-commerce leader reported a £10.5 million loss in the 15 months ending March 31, 2019, reflecting a tumultuous period following the company’s takeover by Richemont.

A great idea is an important first step, but it’s the business model that will turn that concept into a real company.

Founders must have a clear vision of their target customer, backed by a mix of intuition and data. Understanding who will buy a product forms the basis of nearly every business decision, from marketing strategy and pricing, to whether and where to open stores.

BoF editor-in-chief Imran Amed recaps the week in the business of fashion.