The European Commission fined Gucci, Chloé, and Loewe a total of €157 million for anti-competitive practices involving price fixing and restricting retailer pricing freedom, aiming to protect consumer choice and competition in the EU market.
Luxury fashion brand Cartier disclosed a data breach exposing limited customer information such as names and email addresses, but not sensitive data like passwords or credit card details. The company has contained the breach, enhanced security measures, and alerted law enforcement. This incident follows similar breaches at other fashion brands like Dior, Adidas, and Victoria's Secret, highlighting a rising trend of cyberattacks targeting the fashion industry.
Black Friday 2024 offers significant discounts on clothing from popular brands like Old Navy, REI, Vuori, and Madewell. Shoppers can find deals on winter fashion items such as sweaters, dresses, and outerwear, with discounts ranging from 25% to 75% off. Retailers like Nordstrom, Kohl's, and Amazon are participating, providing opportunities to update wardrobes or purchase holiday gifts at reduced prices.
Early Black Friday apparel sales are underway, offering significant discounts on popular brands like Patagonia, Carhartt, Ugg, and more. Shoppers can find markdowns on clothing and shoes, with some sales offering up to 60% off. This is an ideal time to upgrade wardrobes with cold-weather apparel at reduced prices.
The 2024 Oscars red carpet was a major win for luxury brands, with top fashion labels like Versace, Dior, Gucci, and Louis Vuitton earning significant media-impact value. Emma Stone's best actress win and wardrobe malfunction in a custom Louis Vuitton gown, along with Zendaya's Armani Privé gown, garnered high MIV. Ryan Gosling's "I'm Not Ken" performance in a Gucci suit led to a notable MIV for the brand. Tiffany & Co. and Jimmy Choo also saw success in jewelry and accessories placements. The event marked the end of the awards season, with Launchmetrics and THR set to recap the season's top brands and stars in March.
In celebration of Jennifer Aniston's 55th birthday, take a cue from her iconic style with her go-to fashion brands, including Levi’s, Baublebar, New Balance, Hanky Panky, Ray-Ban, and Rag & Bone, featuring timeless jeans, comfy kicks, and sparkly bling starting at $32. Aniston's fashion choices, from denim to accessories, reflect her sophisticated yet effortless style, making it easy for fans to emulate her looks.
Mijo Connected, a relatively unknown company, plans to revolutionize the smartwatch market by partnering with fashion and luxury brands to create customizable and fashionable smartwatches. Co-founded by industry veterans with experience at Pebble and Fossil, the company aims to provide a platform for brands to launch unique smartwatches without the need for extensive technical expertise. Partnering with software company MicroEJ, Mijo Connected plans to offer complete customization on the software side, making it easy for brands to personalize their devices. While launch dates are not confirmed, the company is working on a significant launch with a brand and may also have a small product launch of its own in the future.
Despite the smaller viewership of the Critics Choice Awards compared to the Golden Globes, luxury brands still garnered significant media exposure for dressing stars at the show, with Prada leading the fashion brands with an MIV of $5.1 million. Margot Robbie in Balmain and Charles Melton in Valentino were the top stars in terms of earned exposure for brands, while Tiffany & Co. retained its top spot in the top watch & jewelry brands category. Christian Louboutin continued to rule the accessory brands list, with Oliver Peoples emerging as a new contender.
Garment workers in Bangladesh have been protesting for higher wages, leading to production halts for top fashion brands such as Levi's and H&M. The protests have resulted in the ransacking of factories and the temporary closure of hundreds of others. The garment factories in Bangladesh account for a significant portion of the country's exports, but the majority of workers face dire conditions and low wages. The protests have left two workers dead and dozens injured, with demands for a near-tripling of their wages.
Fashion brands are reaping significant benefits from dressing Beyoncé and Taylor Swift for their respective tours, with Beyoncé generating $187 million in media impact value (MIV) for brands like Alexander McQueen and Tiffany & Co., while Taylor Swift generated $97.5 million in MIV for brands like Versace and Roberto Cavalli. However, Zara's collaboration with Barbie on a capsule collection proved to be the most successful, earning the fast-fashion retailer $11 million in MIV. Other brands, such as Nyx, Boohoo, Crocs, Aldo, and Gap, also saw success with their Barbie collaborations. Additionally, a study by Launchmetrics revealed that beauty brands on TikTok are growing faster than fashion brands, with Louis Vuitton, Chanel, L'Oréal, and Fenty Beauty making their way into the top 10 ranking on the platform.
Meghan Markle's favorite fashion brands, including BOSS, Burberry, SMYTHE, Polo Ralph Lauren, and Longchamp, are currently marked down during the Nordstrom Anniversary Sale. The sale offers discounts on a variety of items, from dresses and skirts to sunglasses and handbags, allowing shoppers to emulate Meghan's royal style at a more affordable price.