French fashion house Balenciaga scored the biggest at the recent MET Gala, held on September 13, thanks to the influence of Rihanna and Kim Kardashian, whose outfits attracted significant attention and commentary.
Footwear brand Crocs has been enjoying something of a revival in popularity and demand has rocketed further since contestants on Channel 4's latest Love Island TV series have been seen wearing the distinctive clogs.
Gucci has been named as the hottest brand in fashion for the fourth consecutive quarter by Lyst, with the return of dressier options and styles for travel and leisure also being identified as key quarterly trends.
Covid-19 has boosted e-tail, especially for multibrand sites and leading luxury labels, according to a study by Bernstein for Altagamma. An evolution that means other labels need to rethink their commercial strategy.
According to a study from data analysis specialist Retviews, the label's success is down to its focus on its assortment, which brings together exclusivity and inclusivity, and its reactiveness to trends.
Fashion search platform Lyst has filed results for the 12 months to March 31 2020 and said the year saw it continuing its rapid expansion with a 26% revenue rise to £23m. This was an acceleration on the previous year.
It looks like the long rumoured private equity takeover of family-owned Birkenstock could actually be happening soon. L Catterton, the group with close links to LVMH, is said to be “nearing an agreement” to buy it.